Kolte-Patil Developers Limited IPO Message Board (Page 29)

dear guys you should first read everything about this debat and finally conclude that only 0.39mn sq ft area is in problem out of 39.35mn sq ft which is only 0.99 % area and company has also deposited money worth 3.5 cr to idbi bank so dont worry this all are gimic which is made by opponents of company issue so dont worry even sp tulsian and all have told not to withdrawn so cooooll guys and just chill you will alloted more stocks and more money even gmp is not down so much still 90 to 95 rs according to current market it is worth enough

Thanks for the info Sajal, he obviously wants people to withdraw to get better allotment. DONT FELL IN THIS TRAP!!!

Does anyone has any idea about the allotment and listing date?

MR NIHIL SHARMA and MR VIJAY SHARMA ,You both are writing from same computer and your IP ADDRESS is same....It means u ppl r just bloughing ppl giving false n baseless reports...Guys beware of such news and reports,,,If U guys Hv the source thn also write the source of the news or any web site link....Retails investors Double confirm the news before taking hasty decisions!!!!!! I do not know if the price gonna move up or down on listing but one thing i know or understand that these 2 guys r just BLOUGHING !

The HNI are moving out of the issue, not because the issue is bad or because of the land disputes, but because the listing of Kolte Patil is now delayed because this fiascoo. Many retails inverstors who made full application are also opting out as now the risk to reward ratio is too high and nobody wants full subscription of this issue.

KOTLE-PATIL IS GOOD ISSUE ANY INVESTOR BANE RAHO IN THIS ISSUE.

Can any one suggest me that How can I withdrawl my application? I have applied through online trading account of ICICIDirect.

from where i can see the withdrawal status of all investors
anybody have idea plz tell meeeee

Hi [357. NIKHIL SHARMA (59.161.89.163)],

CAn you pls tell me from where you got this information about number of application withdrawal, so we can keep check on this.

thanks

i have applied through uti securities through on line, how i can withdraw

THE HINDU BUSINESS LINE DT 28-11-2007

Withdrawal option not to impact Kolte-Patil valuation

‘Price band not primarily based on the disputed project’

BL Research Bureau

The stock valuation of Kolte-Patil Developers, on listing, is unlikely to be materially influenced by the litigation disclosed after the closure of the offer, involving land in Bangalore on which the company plans a project.

Investors to the initial public offering have been given an exit option up to December 4, as directed by SEBI since the notice disputing the company’s land reserves has been issued after the date of red herring prospectus. Kolte-Patil has issued an addendum to the RHP this week, disclosing the details of this litigation. The company has also stated that the price band of Rs 125-145 is not primarily based on this project.

Kolte-Patil has an agreement with NTI Society for development rights of land in Bangalore. The addendum states that an individual who had earlier disputed and settled some claims with NTI has now raised a fresh claim on the land to be developed. The total estimated saleable area of the project to be built on the disputed land is 0.38 million square feet as against the company’s total land reserve of close to 40 m sq ft. The project under consideration hence appears not very material to the overall operations in terms of size.

Further, of the total 35,000 sq ft of super built-up area under dispute, Kolte Patil has already allotted 20,560 sq ft to NTI. The company may have to give up rights of another 14,440 sq feet of area, if the ruling goes against it. The company has also deposited Rs 3.50 crore as required by the Court.

The above events may not create any sizeable uncertainty about the impact of the final ruling on the company. However, investors need to keep in mind that real estate developers with high land reserves through the ‘development rights’ model are vulnerable to such legal disputes that can delay completion of projects. A portion of the IPO proceeds is planned to be used for the development of the said area under dispute

Hey Nikhil Thanks a lot for info.....

request to everybody out here...to find info about the allotment & listing & refund dates....as we have few very good issues lined up......so its better that we know when would we have our application money back....so that we can plan out fund allocation to various forthcoming IPO's accordingly.

Regards,
KSR.

QIB
application witdraw from kotle patil :qib category
kotak plc india- 38,200
nomura capital-singpore- 110,500
taiva capital-singapore-78,500
adventure securties-hng-kng-55,900
till qib category come down to 53 -from 61-
HNI
application withdrw from hni category
details on hni category is not showing,but surat,ahmedabad,vadora & mumbai hni invester are holding but,in delhi,kolkota,& sme small city like haryana invester are puling out of there money from kolte patil,cos of ther 10 crore to 25 crore will be stuck till 20th dec 2007,registrar told to hni invester that money will not be given till 20th dec to allocated invester & who witdraw their applicationmoney will be refunded after 4 days till last day means 4dec is last day of withdraw,so money will be refunded by 7 or 8 dec who witdraw
RETAIL-
people who aplied in retail catergory are waiting but who apply 1 lakh are nervous & they are withdraw their application,in retail subcription is not decling but,we talk to comman sources(whr we we get the information)they are teling us that retail category will come down to 7 to 8 times

kindly let me know when the allotment will take place.

Hi All,

I called up BIGSHARE today morning to know about the allotment date of Kolte-Patil Shares....
The Guy over there tells me that its gonna be after 4th....

I asked him about the Listing Date....
The Guy said it will be after 4th...

It is quiet obvious that that allotment is gonna be only after 4th....after the calcellation procedure.....my intention was to know the exact dates...which even BIGSHARE guys dont know...........

Does anybody have confirm information on the dates allotment and listing.....if yes...post it here so that people can about it.........

KSR.

application withdrw from hni category
details on hni category is not showing,but surat,ahmedabad,vadora & mumbai hni invester are holding but,in delhi,kolkota,& sme small city like haryana invester are puling out of there money from kolte patil,cos of ther 10 crore to 25 crore will be stuck till 20th dec 2007,registrar told to hni invester that money will not be given till 20th dec to allocated invester & who witdraw their applicationmoney will be refunded after 4 days till last day means 4dec is last day of withdraw,so money will be refunded by 7 or 8 dec who witdraw-

Pls.confirm how to withdrawal the appliction money

Hi nitin pundir

lET 50% APPLICANTS TO WITHDRAW MONEY , SO OUR CHANCES FOR GETTING SHARES WILL BE DOUBLE , PREMIUM WILL BE 60 AT THE TIME .......NOT BAD FRIENDS

Hi...Letter for withdrawl will take 2-3 days.( or can b even more late). so can anybody tell me detailed procedure to withdraw the ipo application for kolte patil. I had applied it thru icicidirect.

Thanks