Oberoi Realty Limited listed today on the Indian capital markets at Rs. 280/- on BSE and Rs. 271/- on NSE. The issue price was fixed at Rs. 260/- per equity share giving a premium of 7.6% and 4.23 % respectively to the investors. The stock reached an intraday high of Rs. 299/- on BSE and NSE and ended on Rs. 280/- and Rs. 282/- respectively.
Mumbai-based Oberoi Realty Limited entered the capital markets on October 6, 2010 with its Initial Public Offer (“IPO” / “Issue”) of 39,562,000 equity shares of Rs. 10/- each (“Equity Shares”). The Equity Shares of the Company are proposed to be listed on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. The IPO received a startling response as it got subscribed 12.13 times. The QIB portion was subscribed 21.98 times, Non Institutional Investors 3.52 times and Retail portion 0.91 times.
Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, J. P. Morgan India Private Limited and Morgan Stanley India Company Private Limited are the Book Running Lead Managers to the Issue while Link Intime India Private Limited is the Registrar to the Issue.