The state registration department is looking to increase the participation of builders under its online registration initiative for first-sale properties at developer offices, which was launched 2 years ago and has engaged 300 developers across Maharashtra since then. The initiative aimed at reducing footfall at registration offices by enabling the buyers to complete the online registration.
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Pune-based Nelsoft Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).The IPO includes a fresh issue of Rs 1,000 crore and an offer for sale of up to 8 million shares by existing promoters and shareholders. Catch all the market action on our live blogThe proceeds from the IPO will be utilized.
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Concord Enviro Systems Ltd. (CESL) shares are set to debut on the NSE and BSE today at 10 am, with expectations of a subdued listing due to cautious investor sentiment. Analysts recommend monitoring the stock closely post-listing, with a preference for booking profits if a premium is achieved. Mumbai-based Concord Enviro Systems raised Rs 500 crore through its IPO, which closed on December 23.
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