The IPO is being sold in Rs 346-353 price band. On the block is a fresh issue of Rs 500 crore and an offer for sale (OFS) of up to 6,45,90,695 equity shares.
Aptus Value IPO: Aptus Value a play on affordable housing, but IPO not cheap: Analysts indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Are you recommending your clients to buy real estate stocks or is this hot air?
The real estate sector is consolidating. It has not done well for the last 10 years but things are changing structurally. In the last four years, the share of the top 10 developers has gone up to nearly 19% from 6-7% odd. So obviously, supply is limited as more players have moved out. The supply is definitely not going to keep up pace with the demand. The interest rates or the mortgage rates are quite low. The other aspect is that people are now preferring to buy properties which are more readymade and that is where companies which have got better balance sheets have done well or are expected to do well.
Can Fin Homes Q1 FY22 PAT rises 17% to Rs 109 cr business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.