K Raheja Group realty firm Ishaan Real Estate Plc today said it has raised 180 million pounds (over Rs 1,500 crore) with the successful completion of its initial public offering on the London Stock Exchange.The company said the IPO of 180 million ordinary shares has been priced at 1 pound per share and conditional dealings in the shares would begin today.The shares would be admitted for trading on LSE's Alternative Investment Market (AIM) and unconditional trading would begin on November 24, after which almost 100% of Ishaan's issued ordinary share capital will be freely tradeable.Ishaan is a real estate investment company and plans to invest in Indian real estate development projects located in the southern and western parts of the country -- such as Hyderabad, Mumbai, Bangalore and Pune.Ian Henderson, chairman of Ishaan, said: "We are delighted that the IPO has been successfully priced and we are especially pleased with the significant level of interest shown by investors. This is a sign of great confidence in the quality and development prospects of our planned investment portfolio. We look forward to creating value for all our shareholders and providing an opportunity to participate in the exciting potential of the Indian real estate market."
