New Delhi, India (PressExposure) January 06, 2010 -- Delhi-based realty player BPTP Ltd has planned to hit the capital market to raise funds through an Initial Public Offering (IPO) and has filed its Draft Red Herring Prospectus (DRHP) with SEBI. The Public Issue of equity shares of face value of Rs 10 each for a cash at a price band to be decided later aggregate to Rs 15000 million. The Book Running lead managers to the issue are IDFC - SSKI Ltd and JP Morgan Pvt. Ltd.
BPTP is a Delhi based real estate player headed by Kabul Chawla. It has projects in New Delhi, Gurgaon, Faridabad, Noida and Greater Noida. All facets and product categories of Real Estate, i.e. Condominiums, Plotted Development, Built - up Villas, Commercial Complexes, IT Parks and Shopping Malls are part of BPTP's portfolio. Its gamut of forthcoming projects includes Parklands, the new age 1000 acre integrated township at Faridabad. The company has appointed JP Morgan and IDFC SSKI as lead book running manager for the IPO.
BPTP has a land bank of about 2,000 acres, mainly in the National Capital Region (NCR). BPTP has recently launched residential Group Housing project - Park Prime at Gurgaon. Park Prime, the project is located at Sector 66, Gurgaon offers excellent connectivity with corporate districts of Gurgaon, South Delhi, Faridabad, the international and domestic airport, makes this place a great stage for future living and work environment.
This is the third residential project of BPTP in Gurgaon, after it has established a strong foothold in Faridabad with BPTP Parklands - an integrated township spread nearly across 1500 acres. Park Prime is spread over an area of 11 acres will house 466 units and will provide a mix of luxury 3, 4 and 5 BHK premium apartments with value added amenities. The project is launched at a basic sale price of Rs.2950 sq. ft. The size of the apartments in Park Prime will range from 1360 sq. ft, 1999 sq. ft and 2673 sq. ft.