Popular Foundations IPO Opens On 13 Sep: Know All About It Here

What is Foundations IPO?

Foundations IPO is the initial public offering of the newly formed company, Foundations. The company is a joint venture between Reliance Industries and Brookfield Asset Management.

The IPO will open on 13th September and close on 15th September. The price band for the IPO has been set at Rs 250-255 per share.

What is the objective of Foundations IPO?

The objective of the IPO is to raise funds for the company's growth plans. The company plans to use the proceeds from the IPO to expand its operations, invest in new technologies, and repay debt.

What are the key details of Foundations IPO?

The key details of the Foundations IPO are as follows:

• Issue size: Rs 2,500 crore
• Price band: Rs 250-255 per share
• Offer period: 13th September to 15th September
• Listing date: 20th September

Who are the lead managers to the issue?

The lead managers to the issue are:

• Kotak Mahindra Capital Company Limited
• JPMorgan India Private Limited
• Morgan Stanley India Company Private Limited
• ICICI Securities Limited
• Barclays Bank PLC

What are the risk factors associated with Foundations IPO?

The risk factors associated with Foundations IPO are as follows:

• The company is a newly formed company with no operating history.
• The company's business is subject to a number of risks, including competition, regulatory changes, and economic conditions.
• The company's financial performance may be adversely affected by changes in the real estate market.

Is Foundations IPO a good investment?

Whether Foundations IPO is a good investment or not depends on a number of factors, including the company's financial performance, the risk factors associated with the IPO, and the investor's individual investment goals. Investors should carefully consider all of these factors before making an investment decision.