Chennai-based real estate developer Casagrand Premier Builder has received final approval from the Securities and Exchange Board of India (Sebi) for its Rs 1100 crore Initial Public Offering (IPO).
Real EstateIpoSebiCasagrand Premier BuilderChennaiReal Estate NewsJan 09, 2025
Sebi has approved a Rs 1100 crore IPO for Casagrand Premier Builder, which includes a fresh issue of Rs 500 crore and an offer for sale of Rs 600 crore.
The company plans to use the funds raised from the IPO for the development of new projects, paying off existing debt, and strengthening its balance sheet.
Casagrand Premier Builder specializes in a diversified portfolio, including residential apartments, villas, and commercial spaces.
Casagrand Premier Builder was founded in 2005 with a mission to provide high-quality, affordable housing solutions and to be a trusted partner in the real estate journey of its clients.
Some of the future projects planned by Casagrand Premier Builder include an upscale residential complex in Chennai and a commercial development in Bangalore.
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