Shriram Properties, the real estate arm of Shriram Group, has said that it will go for an Initial Public Offer (IPO) after the Union Budget, this year. The company is planning to raise Rs 750-800 crore through the IPO.
The proposed IPO is expected to mobilise money for company's future expansion and will help investors partially dilute the stake.
"Stock market has been going through rough weather for some period now. Large caps are doing well, while mid- and small-caps are struggling. We expect the budget is going to be a great one. Immediately after the budget we will look