Puravankara Projects Limited IPO Message Board (Page 6)

Udyan has now changed colours.Better sense prevailed.Udyan, be careful now onwards.Money is important, not everything.

I have applied for 190 shares of Purvankar @ 525. THe amount has been debited from my account. Is there any way by which i can with draw my application as i am not interested in it.

really shame on Purvankar people,they are really making fool of people,actual worth of it is around 200-300 range,so beware of it,I have one question is SEBI allow all this,on what basis an IPO price is determined,is it to the company to set Price or is there any norms or Sebi decide the price,if there is no authority like that than investor money is on stake.Please add more comments on that,and we should Avoid this kind of issue.....Avoid friend be ready to get it at below 300.Parsvnath IPO came at 300 Rs. currently its trading at 315 so it better to go for that......

Wait to buy from secondary market,U may get at around
rs150/-when it listed,buy and keep for 3 months u will getdecent return,,,wait ,be patience

hahaha...remember ammana biotech IPO which came in feb-march...guess this one is going the same way...hope it does...

What is the grey market premium for PURAVANKARA
400(Strike Price)PUT OPTION?
hahahaha!!!

http://www.moneycontrol.com/mccode/news/article/news_article.php?autono=296429

AVOID AVOID AVOID

check for the excerpts from a site, these people are known for taking customers for ride.

PURVANKARA BIGGEST CHEATER IN TOWN
Submitted by Anonymous user (not verified) on Thu, 2007-07-26 11:51.

Hi All,

I bought a flat in Purvankara Sunshine in May 2004 and still waiting to move. The situation is such that we been the customer has to beg the projects managers on our knees. They have undewrstood that we won't do anything other than shouting at them and they very have adapted to this culture. This comes from the top management of Purvankara and the same been followed to the bottom.

I made the full payment at the time of booking. Till date I have not got a single communication from Purvankara regarding the progress or any type of delay.

Recently I talked to Girish Purvankara (MD) and according to him we should not be cribbing about anything since the property value has been appreciated. He been the MD of a sizeable organization does not even understand the sensitivity behind such a incorrect statement for which he can be sued.

I think that any small builder who has no name would have done better job in terms of quality and meeting the timelines.

I know the pains of fellow flat owners in Sunshine projects and I am sure that the other project flat owners for Purvanakara undergoes the same pain.

The Management probabaly has someone to who tells them about the Customer Phsychology that the voices will die down so just listen and don't do anything.

As others mention I have also heard that Mantri Builders are the best for the value of Money.
reply
Dont ever dare to buy from purva
Submitted by Anonymous user (not verified) on Wed, 2007-07-25 05:53.

Hi All,

I am a customer of Purvankara from last 2 years. The main problem with them is they have shortage of labors and they commit to complete the work which is not all possible. Every time when we ask for the completion end date they will give new date which can not be met. The delay in the project they do not communicate to the customers. And the quality of work is becoming verse day by day. These are hopeless guys.

Please dont ever dare to buy from Purva.
reply

I have applied at 525 cut off, since the price band has come down, How do I get my excess money? Or will puravankara give me few bricks instead!!!!Help me please

unattractive even at revised price.promoters unreliable

unattractive even at revised price.promoters unreliable

actual value is around 300 -350 level dont invest .
avoid this issue many better options will come........
if u love ur hard earned money avoid this issue.

Do not invest even in revised price band. be careful of these promoters.

a good lesson for all the greedy promotors.IVR prime just got away.we are not fools.

What is the allotment status of bid application no.72490807.

Business Line Mumbai, Aug. 3 Real estate company Puravankara Projects has extended its initial public offering subscription period from August 3 to August 8 and reduced its price band from Rs 500- 525 to Rs 400-450 a share. The offer opened on July 31.

“The decision was taken in view of the volatility of the global and Indian markets and, with due respect to investor sentiment, who expressed a deep desire to invest in our company but also pointed out the market condition,” said Mr Ravi Ramu, Director, Puravankara. Apparently, poor response has forced the company to extend the IPO. Figures put out by the NSE as of 5 p.m. on Friday said the issue was subscribed 0.36 times (on both BSE and NSE). Total bids received were 76,26,010 and those at cut-off price were 30,33,200. This is not the first time that IPOs had to cut price and extend the offer period. When the market was witnessing adverse conditions in May-June 2006, issues such as Air Deccan, Abhishek Mills, Bluplast and Vigneshwara Exports were also forced to resort to similar measures.

Undersubscription of Purvankara proves that Investors are not fool. It is a lesson to all the overprised issues.

Hello,
It appeares investors in all segments have spurned the price band of this issue . The promotors/lead managers should offer realistic price band . The investors for once have been wise.

This issue is even now overpriced. Correct price is Rs150.

hi all,

dont apply in purvanakra ipo. first they have loosen faith from everyone and attain bad reputation. They balme market volatility whereas markets were good on thursday and friday. purvanakara and ivr prime both tried to loot people.people got caught in ivr prime ipo but should not in purvanakra.
in real estate i am sayiong again good ones are dlf, sobha,parsvnath,hdil ,unitech . even omaxe was an excellent ipo.
omaxe priced the ipo so well and left so much for investors applying in ipo.those who got allotmet in omaxe should hold on to it as omaxe has excellent reputation and good land bank in greater noida nd jaipur which have risen in property in last few years.
my target for long term is
1) DLF TARGET 1000 IN 1 YEAR
2) PARSVNATH 550 IN 6 MONTHS
3) SOBHA DEVELOPERS 1200 IN 1 YEAR
4) HDIL 650 IN 6 MONTHS
5) OMAXE 750 IN 1 YEAR

BUY ONLY ABOVE STOCKS IN REALTY AND IGNORE PURVANKARA NAD KPR MILL. AMONG RECENT IPOS ALL 4 IPOS OMAXE,CENTRAL BANK, ZYLOG AND OMNITECH WERE GOOD. EVEN TAKE SOLUTIONS LOOKS OK. REST ALL IPOS LIKE PURVANAKARA ,IVR PRIME ,KPR MILL WILL GO ON DISCOUNT ON LISTING WITH GREEDY PROMOTERS.
oNE CAN LOOK TO BUY ONLY 4 IPOS FROM MARKET ON LISTING OMAXE,CENTRAL BANK,ZYLOG AND OMNITECH ON LISTING