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Realty market expected over 5 Billion USD IPO

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Parsvnath Developers were on the wheels after a mammoth victory in public issues which created demand for worth of Rs. 60,000 Crores in shares and domestic realty firms which were proposing to hike almost Rs. 22,500 Crores by their public offerings. The existence of Indian Property Sector was petite on the BSE so far with the few scheduled firms accounting for below 1% of the country’s on the whole stock market capitalization. But in entirety, it was a different situation with more than a dozen companies confirming their proposals to strike the capital market. In these some 5 companies were in the possibilities to strike the market with their IPO’s on the domestic or international stock exchanges before the financial year ending which will raise the shared amount for about $4 Billion.
In addition to those, still two realty firms were added Unitech and Ansal Properties and were scheduled and they thought to be thinking over the proposals to boost up the capital from the international markets or through the FPOs. Investment bankers who were close to the developments told that the two companies will jointly create about $1 Million from the domestic or from the international markets which will be taken as the joint amount profits for the sector to $5 Billion.
Source: NIMMA BENGALURU

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