Oberoi Constructions Eyes IPO Launch in Early 2024
Mumbai-based Oberoi Constructions, a prominent player in the Indian real estate sector, is gearing up to launch its Initial Public Offering (IPO) in the first quarter of the next financial year.
IPO Timeline:
- Expected Launch: First quarter of next financial year
- Utilization of Funds:
- Fuel business growth
- Facilitate further land acquisition to bolster its already substantial land bank
Company Highlights:
- Delivered Projects: 4 million square feet of property successfully delivered
- Future Expansion Plans: Addition of another 4 million square feet of property in the near future
- Current Land Holdings: Possesses a significant land bank, with plans for strategic expansion
"The share offering will primarily be used to fund our growth plans," a source close to the development revealed, highlighting the company's focus on leveraging the IPO to enhance its market presence and further solidify its position in the competitive Indian real estate landscape.