Kolte-Patil Developers Limited IPO Message Board (Page 31)

Can we withdraw partial amount??

I have applied through ICICI Direct and the amount has been debited from my account. How should I withdraw the application. Can any one pls suggest?

Total land bank value of koltie patil is 32.88 mn sqr ft
the problematic land value is 14400 sqr ft only if the company loos the case only 3.5cr only loss
see the land bank value details and joint ventures details then decide
http://www.koltepatil.com

How to withdraw the aplication online. I have aplied by online method.

Gentlemen,
Inside news from a friend who works for BigShare, Bigshare has received many applications of withdrawal from the issue. The actual subscription to the issue will drop
substancially, those applied be carefull, if this continues u might end up getting full allotment.

***With Draw from Kolte-Patil***
***With Draw from Kolte-Patil***
***With Draw from Kolte-Patil***
SEBI has given last GOLDEN opportunity to with draw from the IPO, please do it as soon as possible as the last date is 4th of December. For small time investors its a big risk involved in with this IPO. Insiders says the litigation is bigger than it actually appears.
Following is the process of with drawing from IPO:
All applicants (including QIBs) seeking to withdraw their bids(s), should submit their 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

if you want to sale in 1000 per application contaci me

Stay invested in kolte patil.will be almost double on listing.there is nothing to worry about this.
Ther are lot of cases against big names and this allgation is nothing and some people would like to give false claims also.
I think this is best ipo and the most reasonably priced also .no matter what happnes to market this stock will always trade above 210+

but when allotement will come, on schedule date or it will be delayed.

LOT OF QUESTIONS PENDING. WAITING FOR EXPERT REPLY. CAN ANYONE PLEASE ANSWER.

WILL ALLOTEMENT COME ON TIME OR IT WILL BE DELAYED?

Please tell me what is the procedure for withdrawing the
application in kolte patil ipo?

so darne ki jarurat nahi hai bane rahe is ipo me gmp up after clarrification.it reach 130-140. good news for retail invester.

Sebi has asked Kolte-Patil to give option to all investors to withdraw application from IPO, reports CNBC-TV18.



Kolte-Patil has said that all investors have an option to withdraw application, if they desire, by December 4. The Sebi direction follows litigation in relation to the project, ‘Whispering Meadows II’. Kolte-Patil was to use part of the proceed for ‘Whispering Meadows II.



Kolte-Patil IPO was priced at Rs 125-145 and the IPO closed on November 22.



Girish Lakhe, Group CFO, Kolte-Patil Developers said that they have not seen any QIB or HNI pull out yet. Lakhe added that Kolte-Patil has the first right of ownership of 14,400 square feet of land. The company will write letters to all subscribers to the issue clarifying the matter, stated Lakhe.



Excerpts from CNBC-TV18’s exclusive interview with Girish Lakhe:



Q: Would you confirm that you have received a Sebi notice to allow withdrawals from your IPO?



A: We have received the notice from Mr Shastri, who sent a notice to us and to Sebi. Sebi has written a letter to us that we should give clarification on the notice and publish that in the newspapers and we have already done that. It has also given us an opportunity to write letters to all the people, who have subscribed to this IPO.



So, we are doing that. Basically, we have already published the notice and given the answers to Mr Shastri’s allegations. That was already published in the newspaper on Sunday. In the next three-four days, we have to write letters to all the subscribers of the issue to clarify the same thing, which has been explained in the advertisement.



Q: Could you just walk through the status of the litigation, as it stands for now, with regards to the project Whispering Meadows II?



A: The litigation is that there was a dispute between us and the NTI Society, which is a Bangalore-based society. We were supposed to deliver some 35,000 square feet of area to them, out of which we had already delivered 20,500 square feet.



The balance area was supposed to be 14,400 square feet, which we were supposed to deliver in phase II of this project. It was linked to some obligation that NTI has to perform. So, only 14,400 square feet is to be delivered to them.



But in the meantime, the NTI society conveyed the same property to Shastri, which was earlier conveyed to us. Then, there was arbitration between NTI and Shastri and the Supreme Court asked NTI to pay Rs 3.5 crore to Shastri to settle this dispute, which NTI did not do and Rs 3.5 crore was deposited in Supreme Court by us.



Q: So the point of contention right now is the 14,400 square feet of land. Who has ownership of this?



A: We have the first right of development on that. We have the ownership on that and we have to deliver this 14,400 square feet in phase II to NTI.



Q: Your issue was heavily oversubscribed on the QIB and HNI side. Since you have come out with this notice on the National Stock Exchange, have you got any QIB or High Net Worth individuals who have invested in IPO, who have already pulled out, apart from retail investors or does that part of the subscription remains untouched?



A: So far, no QIB has pulled out and no HNI has pulled out. There are some enquiries coming from the retail investors and we are already replying to them.

stay invast.......................problem solve.

Dear all
Do not panic
the land in disput is not even 1% of total land bank the company and people who withdraw are going to regrate, as no QIB and institutinal investors are withdrawing there application and it's retails investors only who are in panic and are likly to withdraw there application making way for there other friends to have more share
only concern is that u may have to wait for 15 more days but u will be rewarded by higher allotment
Relax.....

Smart Investment.in advises to stay invested in the IPO. So
no need to withdraw application. Mundra also faces litigation but see the listing gain

can any body know, what is chance for allotment of kolte &
edelweiss if apply for full applications

Do we really need to withdraw...or is it a small dispute?
I have applied for 12 lots for Rs 69600. Please suggest??

i applied for full retail subscription rs98600 can anybody guide me as to whether withdraw or not

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