IPO
Real estate dev Assetz files for Rs 1,200-Cr IPO
Bengaluru-based Assetz is to file its draft red herring prospectus for an initial public offering (IPO) of Rs 1,200-Cr via the confidential filing route. The proposed transaction is expected to be a combination of a fresh equity issuance and an offer for sale by existing shareholders. JM Financial, BofA Securities India, and Motilal Oswal Investment Advisors are the book-running lead managers to the issue.Founded in 2006 by Ben Salmon and Rajpal Singh Chaudhary, the company focuses on premium housing and large integrated townships. Past investors in its projects include J.P. Morgan, Aditya Birla Capital, Motilal Oswal Alternates, and HDFC.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
