Thursday, October 1, 2009

Kumar Builders join the IPO bandwagon

Lalitkumar Jain plans Rs 400-500 crore Nirvana!

Kumar Builders had filed the draft red herring prospectus (DRHP) with capital markets regulator Sebi on Wednesday to raise funds worth Rs 400 - 500 crore, according to bankers involved with the plan.

Most of the real estate companies are tapping the market to clear their debts and fund further construction activities.

To impress the market, some real estate companies work really hard and start planning 5 -6 months before they go to Sebi!
To read more, please, visit Two more realty firms join IPO race

Related Stories:

1) Kumar Builders open booking of the first 30 stories skyscraper in Pune, 45 Nirvana Hills, first phase of 79 acre township at Paud phata on Karve road

2) Kumar Builders' 45 Nirvana Hills at Paud phata on Karve road in Kothrud Pune

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