JP Infrastructure Pvt Ltd Is Ready To Issue Public Offer

Ahmedabad-based real estate player JP Infrastructure Pvt Ltd (JPIPL) is currently in the preliminary stages of discussions with a leading private equity fund to secure approximately two hundred crore rupees. In addition to this funding endeavor, the company is also preparing to launch an initial public offering (IPO), having appointed Cushman & Wakefield in December of last year to conduct a thorough valuation of its assets.

Sources indicate that the real estate firm aims to divest about ten percent of its equity. The timeline for the IPO is expected to fall within the next six months to one year, allowing for a smooth transition for the private equity firm to exit. While these financial maneuvers take shape, JPIPL is also ambitiously planning to develop a significant township project in Ahmedabad, along with retail malls in Vadodara and Surat, and a corporate park situated in Lower Parel, Mumbai.