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DB realty sets revival on the IPO on the claim of the Investors

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The first phase of the public offering of DB Realty was oversubscribed so a second day deal is on wait for making a final discussion about the intensive and extensive policies of the company. According to the source of www.propertykhazana.com it was worth of 325 million US dollars mainly in the locations of Mumbai and revival was sought due to the insufficient proficiency at the first offering. Total carpet area of this projects comes around 19.45 million square feet where the company has made an offering of 13.3 percent of equity for the initial funding of Mumbai projects and for the cause of clearing the debts.
The list of the Initial public offering has gone up to 16 national realty houses for the purpose of selling the shares as per the sources of www.propertykhazana.com. The IPO of the realty has already received 2.07 times of the current offer as per some confidential data. Most of the bid was recorded at the range of Rs 468 to Rs 486 per share. However the company has declared that they will be raising a whooping sum of 57 million dollar by marking their share with Rs 468 for 6 anchor investors. For more and latest realty news updates visit www.propertykhazana.com.
Source: NBTVLIVE

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