DSKDL's follow-on IPO opens April 25

Pune, Apr 21 (UNI) City-based D S Kulkarni Developers (DSKDL) is entering the capital market with a follow-on public issue of 55 lakh equity shares of Rs 10 each for cash at a price to be determined by book building process.

The issue opens on April 25 and closes on May 3, company said here today, adding funds will be used to finance its ongoing and new residential and commercial real estate devlopment projects.

DSKDL plans to devlop nine projects worth Rs 555.23 crore in Mumbai, Pune and Bangalore, a company release said, adding it has already invested Rs 115.79 crore till February 28 in these projects being constructed on 39 lakh square feet of land.

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