Nitesh Estates Limited is tapping the capital markets with an IPO to raise Rs 405 crs. The issue opens on Friday the 23rd of April and closes on Tuesday the 27th of April. The price band has been fixed as Rs 54-56. The company would be issuing 7.5 cr shares at the lower end and 7.232 crs at the upper end of the price band.

The post issue market cap of the company would be Rs 787.49 crs at the lower end and Rs 801.60 crs at the upper end of the price band.