Real estate firm Nitesh Estates today said its Rs 405 crore initial public offer will open on April 23.
The public offer will close on April 27, the Bangalore- based firm said at a public announcement.
The company plans to utilise the IPO proceeds to fund its existing subsidiaries and the associate company, for repayment of loans, redemption of debentures and for general corporate purposes.
ICICI Securities, Enam Securities, Kotak Mahindra Capital Company and JM Financial Consultants are the book running lead managers to the issue.
Shares offered through the IPO are proposed to be listed on the National Stock Exchange and the Bombay Stock Exchange.
Meanwhile, Tarapur Transformers, part of power engineering solutions provider Bilpower Ltd, today fixed the price band of its IPO between Rs 65 and Rs 75 per share.
The issue opens on April 26 and will close on April 28, Tarapur Transformers said at a public announcement.
The company is coming out with IPO of 85 lakh shares. The public issue is based on a 100 per cent book building process.
