Oberoi Constructions, one of the leading real estate firm, has revealed its plans to raise Rs 100 crore through an initial public offer (IPO) by March next year.

The company is planning to raise at least Rs 100 crore through the IPO. The company will utilize the raised amount to invest in buying more properties.

Presently, Mumbai-based company is developing around 4 million sq ft of property in the metropolis. Besides this, the company holds a portfolio of 26 projects mapped over 2 million square feet spread across Mumbai.

It should be recalled that Morgan Stanley has invested $152 million in the company and owns less than 10% in the firm.

The IPO is expected to come in the first quarter of next calendar year.