Category Archives: Kolte Patil Developers IPO



Symbol – Series KPDL EQ
Issue Period November 19, 2007 to November 22, 2007
Issue Size 19000836 Equity Shares
Issue Type 100% Book Building
Face Value Rs.10/-
Price Range RS 125 to RS 145
Tick Size Re. 1/-
Market Lot 40 shares
Minimum Order Quantity 40 shares
Maximum Subscription Amount for Retail Investor Rs.100000

KOLTE PATIL DEVELOPERS LIMITED is subscribed only by .63 times and on the retail side its .39 times , it has still 2 more days to close.

Kolte-Patil IPO – Kolte-Patil Developers IPO opens on November 19th 2007

About Kolte-Patil Developers
Kolte-Patil Developers, a leading real estate developer in India, has filed its draft red herring prospectus, DRHP with the Securities and Exchange Board of India, Sebi with a proposal to enter the capital market with its initial public offering, IPO of equity shares.
About Kolte-Patil Developers IPO
It is entering into the capital markets with an initial public offering (IPO) of 19,000,836 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.
Date of Issue
Opens on November 19, 2007, and will close on November 22, 2007.
Price Band
The price band has been fixed between Rs 125 and Rs 145 per equity share.
Kolte-Patil Developers financials
Kolte-Patil Developers has posted a total income (consolidated) of Rs 2, 524.43 million in fiscal 2007 and an adjusted profit after tax of Rs 835.61 million. For the 3 months ended June 30, 2007 , the Company posted a total income (consolidated) of Rs 889.65 million and an adjusted profit after tax of Rs 338.76 million.
Objective of the Issue
>To finance acquisition of development rights;
>To finance the construction and development costs for some of the proposed projects;
>To fund expenditure for general corporate purposes and achieve the benefits of listing on the Stock Exchange.