The IPO comprises fresh issue of shares worth Rs 810 crore, besides, an offer for sale up to 18,59,620 equity shares by the company's promoters and existing shareholders, according to the draft papers filed with Securities and Exchange Board of India (Sebi).
Proceeds of the issue will be utilised towards repayment of loan and other general corporate purposes.
In addition, the company plans to receive the benefits of listing of its equity shares on the stock exchanges.
According to market sources, size of the initial public offer (IPO) is around Rs 1,000 crore.
Earlier in June 2018, Puranik Builders, a Mumbai-based residential real estate developer, had approached Sebi with its IPO papers and had received the markets regulator's clearance to launch the public issue but did not go ahead with the plans then.
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