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Naya Bharat Property Company, an Isle of Man-incorporated business established to invest in land development companies in India, has joined AIM. It raised £30.8 million.
Alpha Tiger Property Trust, a Guernsey-registered, closed-ended investment company, has raised £75 million by joining AIM. The proceeds will be invested in India’s real estate market.
Shares in Southeast Europe real estate investor Dolphin Capital Investors start trading on AIM tomorrow at 68p, following an oversubscribed placing – organised by Panmure Gordon – that raised £70.7 million.
Davenham Group, an asset-based lender to small and medium-sized companies, hopes to raise £27.5 million by floating on AIM in the near future, with the aid of broker Panmure Gordon.
SPI Lasers, a designer and maker of fibre lasers, is looking to raise £12 million of new money on AIM ahead of a late October float, for a debut market cap of between £30-£35 million.
If its £8.3 million fundraising goes according to plan, software venture Ex Libris will become the latest in an increasingly long line of Israeli ventures to launch onto AIM – although it is likely to be the only company on the market founded by librarians.
Hot on the heels of The Black Sea Property Fund and Orchid Developments, The Lewis Charles Sofia Property Fund has become the third company to announce plans to float on AIM and seek out property investments in Bulgaria inside of four months.
