Indian real estate play ready to test investor demand

Parsvnath's $222 million offer will be the first Indian real estate IPO open to foreigners.

Indian real estate company Parsvnath Developers has started marketing an initial public offering worth up to Rs9.97 billion $222 million that will be the first real test of investor demand following a two-and-a-half month drought in Indian equity issues.

Following a rule change earlier this year, ParsvnathÆs offer also marks the first time that foreigners will be allowed to buy into an Indian property company during the IPO. This should help to underpin the interest from dedicated property investors...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...