NITESH ESTATES
Too Young for an IPO?
SEASONAL MAGAZINE
Young entrepreneur Nitesh Shetty does everything in style, but the company’s IPO runs the risk of being premature. Barely 7 years into operation, Nitesh Estate’s geographical spread is mostly in a few South Indian cities alone, and their IPO might remind people about the IPO of Puravankara Group. Despite having several completed projects, Puravankara had struggled to complete its IPO. And it seems an unfortunate coincidence that the Nitesh IPO would have company in another realty IPO, that of Emaar MGF, for whom it is a second chance