Akruti IPO Latest News Today

Akruti Nirman Ltd. Listing Date & Info:

Listing On: Wednesday, February 7, 2007
BSE Script Code: 532799
NSE Symbol: AKRUTI
Listing in: B1 Group
ISIN: INE703H01016
Issue Price: Rs. 540 Per share (Face Value of Rs. 10/-)

IPO Allotment Status is now available for Akruti Nirman Limited IPO.

Akruti Nirman Limited IPO was closed on Jan 19, 2007.

Akruti Nirman Ltd. Listing Date & Info:

 Listing On: Wednesday, February 7, 2007
 BSE Script Code: 532799
 NSE Symbol: AKRUTI
 Listing in: B1 Group
 ISIN: INE703H01016
 Issue Price: Rs. 540 Per share (Face Value of Rs. 10/-)

Akruti Nirman, the Mumbai-based infrastructure developer, is planning to raise about Rs 5 billion through an IPO.

Issue Open : January 15, 2007
Issue Close : January 19, 2007

Akruti Nirman Limited, a real estate development company in Mumbai is opening on January 12, 2007.

As of March 31, 2006, the Company's primary business is the development of commercial and residential properties. ANL's operations include the identification and acquisition of land and land development rights, and the planning, execution and marketing of its projects. In its commercial business line, the Company builds, leases and sells commercial office space, including office towers and information technology parks. In its residential business line, ANL develops multi-unit residential apartment buildings with residences ranging from one-bedroom flats to higher end, five bedroom residences. In its retail business line, the Company is developing its first six shopping malls, which contains space for retail units, food courts, banquet halls and restaurants. Some of its subsidiaries include Adhivitiya Properties Private Limited, Agreem Private Limited and Arnav Properties Private Limited.