India Oberoi Realty sets IPO at Rs253-260

Indian real estate firm Oberoi Realty Ltd has fixed a price band of 253-260 rupees for its Rs10 billion ( $231.6 million) intial public offering, two sources with direct knowledge of the offer said on Sunday.                                           

The issue, which will open on October 6 and close on October 8, will constitute 12% of the fully diluted post-issue paid-up share capital of the company.                                           

Kotak Mahindra Capital Company, Enam Securities, JP Morgan India and Morgan Stanley India are the book running lead managers to the issue.