Brigade Enterprises IPO : Brigade Enterprises IPO opens on December 10
Brigade Enterprises IPO : Brigade Enterprises IPO opens on December 10
The Bangalore based firm has set a price band of 351-390 rupees per share for its 16.62-million-share public issue. The funds raised are to be used for land acquisition and construction at ongoing projects, the company said in its draft red herring prospectus.
JP Morgan India, Enam Securities and ICICI Securities are the book running lead managers to the issue. Brigade joins the list of Indian developers rushing to the capital market to cash in on an urban real estate boom.
