Casagrand is planning to come out with IPO early next year

New Delhi: Real estate player Casagrand is planning to come out with its IPO early next year, MD of the company Arun Mn said.  JM and Motialal Oswal  have been jointly appointed as lead bankers for the IPO.

Casagrand has received funding recently to the tune of Rs 1,200 crore from investors like KKR and Apollo Global. The company is planning to invest Rs 3,000 crore in residential real estate of Chennai. It is also planning to invest Rs 750 crore in some of the other markets in the coming one year, Arun said.

 

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