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Kolte Patil Developers IPO is a book built issue of Rs 275.51 crores.
Kolte Patil Developers IPO bidding started from November 19, 2007 and ended on November 22, 2007. The shares got listed on BSE, NSE on December 13, 2007.
Kolte Patil Developers IPO price band is set at ₹125 to ₹145 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹5,800.
Bofa Securities India Limited and Edelweiss Financial Services Ltd are the book running lead managers of the Kolte Patil Developers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Kolte Patil Developers IPO RHP for detailed information.
| IPO Date | November 19, 2007 to November 22, 2007 |
| Listing Date | December 13, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹145 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 19,000,836 shares (aggregating up to ₹275.51 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 56,250,000 |
| Share holding post issue | 75,250,836 |
Investors can bid for a minimum of 40 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 | 40 | ₹5,800 |
| Retail (Max) | 34 | 1360 | ₹197,200 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 74.75% |
Incorporated in 1991, Kolte-Patil Developers Limited is a relatively small Pune based real estate development company. As of last year company has developed 25 projects, 22 in Pune and 3 in Bangalore which includes 2 IT Parks. Company has 28 ongoing projects in Pune and Bangalore; 23 are residential and 5 are commercial, IT Parks.
Company is ISO 9001 certified and received the Government of Maharashtra’s First Prize for “Best IT Infrastructure in the State of Maharashtra” for our GigaSpace IT Park project in Viman Nagar, Pune.
For 3 of its big projects in Pune company has joint venture with ICICI Venture. ICICI Venture has provided financing for these projects. Company has identified and acquired lands, invested equity, designed and conceptualized the projects and served as project manager and developer for these projects.
| KPI | Values |
|---|---|
| RoNW | 46.09% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Finance land acquisition;
2. Finance the construction and development costs for some of the proposed projects;
3. Fund expenditures for general corporate purposes.
The Kolte Patil Developers IPO is subscribed 46.18 times on November 22, 2007 5:00:00 PM. The public issue subscribed 16.58 times in the retail category, 60.97 times in the QIB category, and 68.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
Withdrawal Option to Investors:
Update 1 (Posted on November 25, 2007)
Kolte-Patil Developers Limited has received a notice from SEBI about allegations made by Mr. C.V.L. Sastry with respect to the project Whispering Meadows II and the related disclosures in the Red Herring Prospectus. Investors can expect a significant delay in Kolte-Patil IPO Allotment and listing as we saw in the case of Dhanus Technologies Limited IPO.
Update 2 (Posted on November 27, 2007)
After few allegations made by Mr. C.V.L. Sastry on November 16, 2007, Today November 27, Kolte-Patil Developers Limited has received a notice from SEBI to allow investors to withdraw their application by December 4. Individual letters are posted to all subscribers of this public issue. Investors should receive these letters in next few days. More information about withdrawal process will be provided in that letter.
Last date for receipt of withdrawal: December 4, 2007
| Listing Date | December 13, 2007 |
| BSE Script Code | 532924 |
| NSE Symbol | KOLTEPATIL |
| ISIN | INE094I01018 |
| Final Issue Price | ₹145 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹145.00 |
| ₹220.00 |
| ₹175.00 |
| ₹223.90 |
| ₹181.45 |
| NSE |
|---|
| ₹145.00 |
| ₹230.00 |
| ₹176.00 |
| ₹230.00 |
| ₹181.35 |
Kolte-Patil Developers Limited
2nd Floor, City Point,
Dhole Patil Road,
Pune 411 001 Maharashtra, India
Phone: +91 20 2605 3700
Email: investorrelation@koltepatil.com
Website: http://www.koltepatil.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: bigshare@bom7.vsnl.net.in
Website: https://ipo.bigshareonline.com/ipo_status.html
Kolte Patil Developers IPO is a main-board IPO of 19,000,836 equity shares of the face value of ₹10 aggregating up to ₹275.51 Crores. The issue is priced at ₹125 to ₹145 per share. The minimum order quantity is 40 Shares.
The IPO opens on November 19, 2007, and closes on November 22, 2007.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Kolte Patil Developers IPO opens on November 19, 2007 and closes on November 22, 2007.
Kolte Patil Developers IPO lot size is 40 Shares, and the minimum amount required is ₹5,800.
You can apply in Kolte Patil Developers 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 Kolte Patil Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Kolte Patil Developers IPO allotment status.
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