Kolte-Patil Developers Ltd IPO listing on thursday, December 13, 2007
BSE Script Code: 532924
NSE Symbol: KOLTEPATIL
Issue Price: Rs 145/- Per Equity Share
Face Value: Rs 10/- Per Equity Share
Kotle Patel Developers IPO oversubscribed by 46 times which is like almost 44 times on the last day , so retail might be some where around 10 times or so .
Total Issue Size 19000836
Total Bids Received 877435480
Total Bids Received at Cut-off Price 102326480
No. of times issue is subscribed 46.18
KOLTE PATIL DEVELOPERS LIMITED IPO oversubscribed by 2.69 times and on the retail side also its subscribed by 1 time , it might see some good subscription on the retail and overall side by tomorrow which is the closing day for the IPO.
KOLTE PATIL DEVELOPERS LIMITED
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.
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.
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.