Oberoi Constructions plans to raise $300-500 mn via IPO
BS Reporter / Mumbai Sep 11, 2009, 13:39 IST
City-based Oberoi Construction is planning to raise about $300-500 million through an initial public offering (IPO) that would be launched in the next calender year.
Company sources said that the fresh issue of shares will be made in the final quarter of this financial year.
Oberoi construction of Mumbai is an unprofessional company and so many customers can vouch for it. it is surprising to see that such companies can go for ipo. i pitty people who will buy this stock. most of real estate companies have bad reporting systems and book keping systms. Recent ipo of DB reality should be an eye opener
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