DB Realty Ltd Ipo Details
DB Realty Ltd (DBRL) jointly promoted by Dynamix & Balwas group in 2007, is a Mumbai focused real estate company with a collective experience of developing 15.9 mn sq. ft of realty projects- V M Goenka controlled Dynamix group has also diversified into businesses such as telecom (Etisalat DB Telecom) food processing & construction material.
- Some landmark hospitality projects of Dynamix Group include Le Meridien (Mumbai) & Le Royal Meridien (Ahmedabad)
- As on Dec 31st 2009, the company plans to develop 61.03 mn sq ft of saleable area consisting – 11 ongoing (19.51 mn sq ft), 8 forthcoming (19.28 mn sq ft) and 6 upcoming (22.24 mn sq) projects.
- DBRL has acquired the land reserves required for developing the 61.03 mn sq ft.(saleable area)
- The residential and commercial projects are spread across Dahisar, Mira road, Kandivali, Malad, Goregaon, Andheri, BKC, Dadar, Byculla, Mumbai central, Mahalaxmi & Pune of which 2 mass housing projects are expected to generate TDR of 17.88 mn sq ft
- DBRL plans to expand its market to cater to middle income housing segment and also expand it mass housing portfolio which generates incremental FSI & TDR.
Issue Details:-
Issue Opens on: January 29, 2010
Issue Closes on: February 02, 2010
Bid Lot: 14 Equity Shares & its Multiples
Price Band: Rs.468 to Rs.486
Issue size: Rs.1500 crore
IPO Grading: 2/5 by Crisil
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[...] ranges from upscale buildings, lavish villas and some of the most elite malls in the country. DB Realty Limited IPO opens on Jan 29, 2010 and will be closed on Feb 02, [...]