After the success of Parsvnath Developers Ltd IPO, Bangalore based, Sobha Developers IPO is now open for subscription. The IPO seems to be priced at very high P/E of 37.5 but due to sound track record of managment most of them may apply. Dalal Street Business has more details on Sobha Developers IPO.Also read another article on how people and foreign investors are evaluating the Indian Real Estate Stocks on Dalal Street. The situation is getting crazy and ENAM, a brokerage house has told that the property market will cool down in 2008.
Tags: Sobha IPO, Real Estate, India Real Estate, Real Estate Stocks
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