Last Monday, a prospectus was filed indicating that Embassy Property Developers, an Indian real estate firm, is planning to raise an amount of 513 million dollars through an Initial Public Offering (IPO) of shares.
Pre-IPO Placement Details
According to the prospectus, Embassy Property is considering a pre-IPO placement of around 57.5 million shares, aiming to raise up to 11.75 billion rupees. However, they are expected to offer a discount of 5% to retail investors.
IPO Timeline
The exact timeline for the IPO has not yet been announced.
Historical Data
Data collected by Thomson Reuters shows that in 2009, a total of $16 billion was raised from 87 offerings. As of mid-June this year, approximately $11 billion has been raised from 56 issues.
