Invest in Akruti Nirman IPO

Akruti Nirman, a real estate development company engaged in the primary business of development of commercial and residential properties, is open for subscription with a public issue of 67,00,000 equity shares of Rs 10 each through 100% book building process.

The issue closes on January 19, 2007 and the price band has been fixed at Rs 475 to Rs 540. The issue will constitute 10.04% of the post-issue capital of the company. J P Morgan India and Enam Financial Consultants are the BRLMs for the issue and Intime Spectrum Registry is the registrar.
Peer Group Analysis: For Financial Year 2006