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Indiabulls spawn from IPO for their upcoming

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One of the leading realty house – Indiabulls is making their way out with sale of shares for Rs 40 – Rs 50 with the sideline of Initial Public Offering which may turn up to Rs 1700 crore as per the sources reported at www.propertykhazana.com. It is expected initiate by 12th October continuing till October 15.
The source of www.propertykhazana.com also points that for the upper end of the share price the company can bring nearly Rs 1700 crore where as for lower end of the price it will move over Rs 1500 crore through initial public offering. It is also known that the overall size of the company in addition to the green shoe it marks nearly 40 crore shares where approximately 34 crore of equity shares amounting each with Rs 10 and other green shoe option for about 6 crore shares.
For further instance Morgan Stanley India Company Private Limited plays a major role as a Book Running Lead Manager to the subject. The raised sum of the company is liable for building and progress of the site of Amravati Power Project Phase 1 with 1320 MW and another for 335 MW Nashik Power Project in addition to corporate intention. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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