India Green Reality is coming out with an initial public offering (IPO) of 34,60,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 30 per equity share. The issue will open on September 30, 2016 and will close on October 06, 2016. The shares will be listed on SME platform of BSE.
The company will use the issue proceeds for working capital requirements, general corporate purposes and issue expenses. The book running lead manager to the issue is Guiness Corporate Advisors, while the compliance officer for the issue is Nirav Shah.
The company is a real estate developer with a diversified portfolio of real estate projects and engaged in the business of development and sale of residential and commercial properties including identification and acquisition of land, development of land, acquisition of development rights of projects, marketing of projects/land.