Kolte-Patil Developers Limited IPO Message Board (Page 25)

gmp is still 70 rs. think again before doing anything.

Kolte-Patil had placed an advt. in Indian Express of Sun Nov 25. it contains an
III Option to investors to withdraw
In view of the disclosure herein, kindly note that all apllicants (including QIBs) who have submitted their bids ..,if they so desire, withdraw their applications. The last date of receipt of request for withdrawl shall be 10th day from the date hereof i.e. on or before 5.30 pm on December 04,2007.

All applicants (including QIBs) seeking to withdraw their bids(s), should submit theit duly signed requests along with the details of applications such as , Name of Applicant(s), Address, Application Form No, Number of shares bid for, Amount paid with application form, Cheque number and Bank /branch on which drawn, to the registrars to the issue marked 'Kind attn: Mr Ashok Shetty, Bigshare Services Pvt Ltd, E-2 Ansa Industrial Estate, Sakivihar Road, Saki Naka, Andheri East, Mumbai 400 072, India Tel +91 22 2847 0652, Fax +91 22 2847 5207/2847 0605

Hi all,

Can someone please provide the proper process of withdrawing the application?

Thanks!

Do not panic . It will list at premium . IT IS A DISPUTE OF ONLY 3.5 CRORES AND HNI AND FII HAS NOT WITHDRAWN . IF THEY WITHDRAW THAN THE ISSUE WILL BE UNDERSUBSCRIBED

Promoters have already clarified in interveiw fllowing notice in press that allotement will be done as scheduled earlier on 7th DEC please read Indian expess news n 25-27 nov Listing will be probably on 13-14 dec enjoy guessing price premium withdrawl and what not Mean while also try to find out a property developer who has no legal disputes Its a part of their business so people with patience and persistance will win the day best of luck guys who invested in KP its not a bad issue at all Remember DLF mired in legal and moral contrversies prire to IPO is doing quite fine

Do Not Panic........this is stock market.......i hv applied for 7 full applications..........let 50% ppl withdraw money..........our allotment chances will be double & will get minimum 40 rs premium & 700 share-profit 28,000 .......not bad not risky

Really not able to decide ya.
Whether to stay invested or take off the whole 98600 or stay invested partially.
The last date is Dec 4.
No idea of Grey Mkt Premium also

I have applied for ten applications and today I withdraw my all applications because I do not want to take risk.I think everybody should withdraw thier applications because it will list at discount prices.

I have applied for ten applications and today I withdraw my all applications because I do not want to take risk.I think everybody should withdraw thier applications because it will list at discount prices.

DONT BE GREEDY

This is fundamentally a strong company. A good land bank, presence in one of the indias most growing cities, good managment and reasonable price. There is no question of withdrowing application. I will buy more of it if it is listed around Rs.170.

if any one interested to by kolte-patil in grey market at premium of 30 RS ONLY

see investors dont panic its a great company and it is going to list at a great premium i am too close to this company it wont hurt you in any way have faith in the promoters and expect a superb listing

like Rishi (431), I also want to be a proxy applicant.
Can someone send the details of interested parties.

I think efforts are going on by some vested interests to misguide investors withdraw so that they may get allotments. Genuine investors who want to earn can try their luck in this issue by not withdrawing. I am taking this issue as an experiment and not withdrawing three applications of my family members. Chances of loosing money appear to be 40% whereas getting good return 60%. So I am trying my luck.

I HAVE WITHDRAWL ALL MY 9 APPLICATIONS OF RS 98600.00 EACH, NOW I CAN SLEEP WITHOUT ANY TENSION. ONE THING I WOULD LIKE TO SAY THAT, MAY BE IT IS A GOOD ISSUE BUT AFTER THIS PLOBLEM IT SHALL DEFINATELY LIST BELOW IT IPO PRICE, BEST OF LUCK TO ALL. THINK BEFORE DOING, YOUR HARD EARNED MONEY CAN GO, THERE ARE MANY NEW GOOD ISSUES COMING.

I want to apply in IPOs through proxy application which I have heard give some fixed premium. Can anybody tell me how can I apply in proxy? Where can I find investors who are looking for proxy applicants?

Friends, if you go through the text of the dispute it appears that Kolte Patil will win the case against Mr. Shastry hands down. The honble Supreme Court have not even ased the company to stop construction at Whispering Meadows. The deposit amount of Rs.4.00 crore is a normal thing that Court's these days insist in cases having financial implications.

Even when we compare it to the Dhanush issue, the fact remains that Dhanush got listed on 17/10/2007 against issue closure on 12/09/2007. So not much delay. The share went upto 372 against an issue price of 295 before ofcourse declining . Kolte Patil has much better fundamentals as compared to Dhanush.I dont see any reason to withdraw from the issue.At least I will stay invested.

Ashish and Tanushree are right.Generally if an investor has made 4-5 full applications,he will make partial withdrawal.Here everyone is making 100% withdrawal even though experts are advising to stay invested which is not believable.Pl do not try to misguide boarders.

Ashish @425

Hats off to you man!!
Ek tum hi samajhdar lagte ho poore forum mein..