Neesa Leisure Ltd., sets the stage for IPO, files DRHP with SEBI
The company intends to raise about Rs.200 crores through the process with additional component of offer for sale of about Rs.50 crores by private equity investors.
- (1888PressRelease) April 24, 2011 - Neesa Group has apprised the market that its hospitality arm Neesa Leisure Ltd. has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India. The Company is coming out with this IPO to finance the cost of setting up new facilities in tier II and tier III of India, viz Raipur, Lucknow and Nasik.
The company is a 'full service provider' in hospitality and leisure space has presence across India like Ahmedabad, Bengaluru, Gandhinagar, Jaipur, Udaipur, Neemrana, Kerala and Goa.
The company will raise Rs.200 crores through this process and Rs.50 crores through private equity investors by way of an Offer for Sale, in addition, it may is considering raising upto 6,500 lakhs as through Pre-IPO placement. Neesa Leisure Ltd. has stated that Centrum Capital Limited and Axis Bank Ltd. are the book running lead managers to the Issue.
The company is a 'full service provider' in hospitality and leisure space has presence across India like Ahmedabad, Bengaluru, Gandhinagar, Jaipur, Udaipur, Neemrana, Kerala and Goa.
The setting up of these luxurious various properties in a short span of 6 years has given the company a strong foothold in Gujarat and Rajasthan.
All properties are equipped with contemporary modern amenities and upscale facilities, from restaurants, spa, health club, club facilities and a variety of holiday activities providing best integration of integrated services for business and leisure travelers under one roof.
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