IPO Watch: Sobha - a long term pick

 From new-age buildings for corporates like Infosys and plush houses in Bangalore, Sobha Developers is one of the major South-based players in the construction and real estate business.

 With a well diversified portfolio, integrated operations, substantial land reserves and foray into newer locations, this property player seems to have got the equation right. With real estate being the flavour of the season, Sobha Developers thinks it is the right time to raise funds from the capital markets.

 Though some analysts feel the issue is aggressively priced, they are confident of Sobha