Mumbai: Indian developer Lavasa Corp hopes to launch its up to $425 million initial public offering by December, if it gets speedy clearance for its draft prospectus, a company official said on Tuesday.
“If Sebi (Securities and Exchange Board of India) clears the prospectus in 45-60 days, we can try our luck and see if we can launch by November-December,” Praveen Sood, group chief financial officer of Hindustan Construction Co, told Reuters.
Mumbai-based Hindustan Construction controls Lavasa with a 64.99% holding.
Lavasa filed a draft prospectus on Tuesday with the stock market regulator for the IPO to raise up to Rs 2000 crore.
