Shares of Brigade Enterprise posted a flat listing at Rs395 versus an issue price of Rs390. The company offered 16,624,720 equity shares of Rs10 each. The price band was fixed at Rs351 to Rs390 per equity share.Brigade Enterprise is one of the leading real estate development companies based in Bangalore, primarily focused on the development of residential, commercial and hospitality properties in South India. Residential properties include integrated lifestyle enclaves and apartment buildings targeted towards middle income and high income customers.

According to the company the funds raised are to be used for land acquisition and construction at ongoing projects, JP Morgan India, Enam Securities and ICICI Securities are the book running lead managers to the issue. 

The scrip has touched an intra-day high of Rs489 and a low of Rs355 and has recorded volumes of over 8,00,000 shares on NSE.
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Source: www.indiainfoline.com -"It's all about Money, Honey "