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IVR Prime IPO is a book built issue of Rs 778.25 crores.
IVR Prime IPO bidding started from July 23, 2007 and ended on July 26, 2007. The shares got listed on BSE, NSE on August 16, 2007.
IVR Prime IPO price band is set at ₹510 to ₹600 per share. The minimum lot size for an application is 10 Shares. The minimum amount of investment required by retail investors is ₹6,000.
Axis Capital Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the IVR Prime IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to IVR Prime IPO RHP for detailed information.
| IPO Date | July 23, 2007 to July 26, 2007 |
| Listing Date | August 16, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹510 to ₹600 per share |
| Lot Size | 10 Shares |
| Total Issue Size | 14,150,000 shares (aggregating up to ₹778.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 50,000,000 |
| Share holding post issue | 64,150,000 |
Investors can bid for a minimum of 10 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹6,000 |
| Retail (Max) | 33 | 330 | ₹198,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 77.94% |
Incorporated in 1996, IVR Prime Urban Developers Limited, a subsidiary of IVRCL, is a real estate development company focusing on integrated townships, residential developments, and commercial projects, including hotels, retail malls, IT parks and other projects in various parts of India. As on January 23, 2007, our Land Reserves consisted of approximately 2,298.75 acres, representing approximately 56.63 million sq. ft. of Saleable Area, in the cities of Hyderabad, Chennai, Bangalore, Pune and Noida.
IVR Prime Urban Developers has completed development of a built-up area of approximately 2 million sq. ft. consisting of 17 high rise towers with 664 apartments and 125 independent villas. IVR Prime Urban Developers are currently developing approximately 0.77 million sq. ft. retail mall with a multiplex cinema, which will include apparel stores, restaurant outlets and entertainment centres, as well as an IT park consisting of approximately 0.71 million sq. ft. office tower above the retail mall. In addition, we plan to develop a business hotel of approximately 0.50 million sq. ft.
For fiscal 2006 and the six months ending September 30, 2006, the Company had unconsolidated restated total income of Rs. 1,364.25 million and Rs. 691.27 million, respectively, and unconsolidated restated profit after tax of Rs. 117.04 million and Rs. 139.59 million, respectively.
| KPI | Values |
|---|---|
| RoNW | 28.81% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Development and construction costs for our project at Jigni;
2. Development and construction costs for the IT Park and mall to be constructed at Gachibowli;
3. Repayment of loan to our Parent Company;
4. Repayment of the loan taken from Karnataka Bank Limited;
5. Repayment of the development right costs to our Parent Company.
The IVR Prime IPO is subscribed 5.75 times on July 26, 2007 5:00:00 PM. The public issue subscribed 1.54 times in the retail category, 8.60 times in the QIB category, and 1.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | August 16, 2007 |
| BSE Script Code | 532881 |
| NSE Symbol | IVRPRIME |
| ISIN | INE414I01018 |
| Final Issue Price | ₹550 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹550.00 |
| ₹500.00 |
| ₹388.00 |
| ₹500.00 |
| ₹418.15 |
| NSE |
|---|
| ₹550.00 |
| ₹456.25 |
| ₹385.00 |
| ₹495.00 |
| ₹417.90 |
IVR Prime Urban Developers Ltd
IVR Prime Urban Developers Limited,
M-22/3RT, Vijayanagar Colony,
Hyderabad 500 057, Andhra Pradesh, India.
Phone: (91 40) 2349 5000
Email: investors@ivrprime.com
Website: http://www.ivrprime.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ivrprime.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
IVR Prime IPO is a main-board IPO of 14,150,000 equity shares of the face value of ₹10 aggregating up to ₹778.25 Crores. The issue is priced at ₹510 to ₹600 per share. The minimum order quantity is 10 Shares.
The IPO opens on July 23, 2007, and closes on July 26, 2007.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The IVR Prime IPO opens on July 23, 2007 and closes on July 26, 2007.
IVR Prime IPO lot size is 10 Shares, and the minimum amount required is ₹6,000.
You can apply in IVR Prime IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for IVR Prime IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the IVR Prime IPO allotment status.
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