NEW DELHI: Real estate firm Ansal Housing and Construction Ltd has said foreign institutional investors (FIIs) have increased their stake in the company by 9.45 per cent to 14.47 per cent at the end of December 31, 2006 compared to 5.02 per cent in the previous quarter.
The major FII shareholders at the end of the latest quarter includes Citigroup Global Market Mauritius, Lehman Brothers Asia Ltd, Morgan Stanley and co and UBS Securities Asia Ltd, said a statement from the company, quoting data available on stock exchanges.
The company is on a major expansion spree with upcoming projects worth Rs 6,000 crore, primarily in tier-II and III cities. More than Rs 1,100 crore is expected to flow into the development of integrated townships.
Ansal Housing has so far developed 67.64 million sq ft of area and more than 65.56 million sq ft is under various phases of development.
The company is launching residential townships across seven cities starting with Agra, Indore and Jammu. The other cities include Rewari, Karnal, Meerut and Ghaziabad.
In 2007 so far, 93 companies have filed offer documents to raise Rs 28,376 crore at an average of Rs 305 crore per issue. Out of 93 issues that are planned in 2007, 66 are of Rs 100 crore or below. Compared to this, in 2006, 92 companies raised Rs 24,432 crore at an average size of Rs 266 crore. In 2005, 72 issues hit the market to raise Rs 22,754 crore.
In 2007, a number of public sector banks, real estate and infrastructure companies would raise money from the capital market. According to Prime Database, major banks that would hit the market include Indian Bank, Bank of India, Canara Bank, Central Bank of India, Corporation Bank, SBI and some of its subsidiaries, UCO Bank, United Bank of India and Vijaya Bank. SBI would raise around Rs 12,000 crore through its follow on public issue. Several private sector banks are also likely to join the bandwagon to raise funds.
A number of real estate companies have already filed offer documents with Sebi. Some of them are DLF, Omaxe, Akruti, Purvankara Projects, The other who would be doning soon are Ansal Properties, Ansal Buildwell, Emaar Properties, G Corp, Taneja Developers and JMD.
Among the infrastructure companies, some of the major companies that are entering the market are Gammon Infrastructure, Jas Toll Road and IVRCL. In the health sector, major IPOs are expected from Fortis Healthcare, Max Healthcare, Serum Institute and Unimark Remedies. Major issues from telecom will come from Idea, Essel Shyam and Spice Telecom.