Realty player Poddar Developers raises Rs 125 crore through QIP
This marks the Mumbai-based firm's first fund raising event since its IPO in 1982
Jan 22, 2015
Source : The Economic Times

 

MUMBAI: Realty player Poddar Developers today said it has raised Rs 125 crore through qualified institutions placement (QIP) route. 

This marks the Mumbai-based firm's first fund raising event since its IPO in 1982. 

The company informed the BSE about the closure of the QIP bid, which opened on January 19, and said an issue price of Rs 1,125.21 per share has been approved by the board. 

Equirus Capital acted as the financial advisor for the developer. 

The QIP witnessed strong demand from high quality funds spread across Asia-Pacific region and India, and saw excess demand of over 25 per cent over and above the issue size, Equirus said. 

Under QIP, listed companies raise finance through the issue of securities to qualified institutional buyers (QIBs). 

Latest Realty News

CRDA-team-in-Singapore
Jan 21, 2015
Hyderabad: The high power delegation from the State headed by Capital Region Development Authority special commissioner N. Srikanth held discussions with Singapore Government
Land-prices-soar-in-Telangana,-Andhra-on-growth-hopes
Jan 21, 2015
HYDERABAD: Land prices have shot up in Telangana and Andhra Pradesh after a five-year hiatus following the announcement of a string of urban and rural development projects
GDA-to-lease-unsold-properties-for-health-units
Jan 21, 2015
GHAZIABAD: The Ghaziabad Development Authority (GDA) has decided to lease its unsold properties - residential and commercial - to the district health department
Ghaziabad-civic-body-mulls-free-parking-scheme-for-house-tax-payers
Jan 21, 2015
GHAZIABAD: The Ghaziabad Nagar Nigam (GNN) has come up with an innovative plan to encourage people to pay their house tax on time
Housing-project-worth-Rs-600-cr-launched-in-Allahabad
Jan 21, 2015
Lucknow: A smart city project worth Rs 600 crore was launched in the Sangam City of Allahabad
Malaxmi-Group-to-develop-luxury-real-estate-unit-in-Vijayawada
Jan 21, 2015
HYDERABAD: Malaxmi Group today announced its plans for setting up a luxury real estate project named Sentosa in the capital region of Vijayawada
Odisha-Govt-to-allot-land-for-Social-Housing-Schemes,-Public-Utility-Servs
Jan 21, 2015
Bhubaneswar: Odisha Government on Tuesday gave in principle approval to 22 projects that includes various public utilities and social housing schemes in Bhubaneswar
Govt-wants-municipal-bodies-to-simplify-land-use-change-to-boost-housing
Jan 20, 2015
NEW DELHI:Govt recommended authorities simplify the process of sanctioning land use change once the master plans are notified
Bombay-HC-increases-payout-for-govt-acquired-land-620-times
Jan 20, 2015
MUMBAI: Paying a compensation of Rs 4 per square metre for two sprawling plots in the centre of Mumbai was unreal, the Bombay high court told the Maharashtra government, and ordered a much bigger payout
Gynaecologist-couple-duped-of-Rs-5.5-crore-by-Mumbai-builder
Jan 20, 2015
Mumbai: A gynaecologist couple from Aurangabad was allegedly duped of Rs 5.5 crore by a builder from Mumbai

Latest Realty News Of State

Realty Talk's