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Sobha Developers Ltd IPO (Sobha IPO) Detail

November 23, 2006 - November 29, 2006

Sobha IPO is a book built issue of Rs 569.17 crores.

Sobha IPO bidding started from November 23, 2006 and ended on November 29, 2006. The shares got listed on BSE, NSE on December 20, 2006.

Sobha IPO price band is set at ₹550 to ₹640 per share.

Axis Capital Limited, Il&Fs Investsmart Securities Ltd and Kotak Mahindra Capital Company Limited are the book running lead managers of the Sobha IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Sobha IPO RHP for detailed information.

Sobha IPO Details

IPO Date November 23, 2006 to November 29, 2006
Listing Date December 20, 2006
Face Value ₹10 per share
Price Band ₹550 to ₹640 per share
Lot Size
Total Issue Size8,893,332 shares
(aggregating up to ₹569.17 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue64,004,908
Share holding post issue72,898,240

Sobha IPO Promoter Holding

Share Holding Pre Issue 99.09%
Share Holding Post Issue 87%

About Sobha Developers Ltd

Incorporated in Bangalore in 1995, Sobha Developers Ltd. is a real estate development and construction company that focuses on residential and contractual projects. The Company has constructed residential projects in Bangalore, in the State of Karnataka and constructed other projects on a contractual basis in eight states of India: Karnataka, Kerala, Andhra Pradesh, Orissa, Tamil Nadu, Punjab, Haryana and Maharashtra.

As of June 30, 2006, its land reserves included 2,592.83 acres and its land arrangements included 3,456.19 acres of land. The Company's residential projects include presidential apartments, villas, row houses, super luxury apartments and luxury apartments along with amenities, such as clubhouse, swimming pool and shopping complex. As of June 30, 2006, it had developed and constructed 19 residential projects in Bangalore.

Key Performance Indicator

Objects of the Issue (Sobha IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Financing land acquisition;
2. Financing construction and development of existing and proposed projects;
3. Repayment of certain loans;
4. Fund expenditures for general corporate purposes;
5. Achieve benefits of listing.

Sobha IPO Prospectus

Sobha IPO Rating

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Rating:Rated 0.0 stars
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Sobha IPO Listing Details

Listing Date December 20, 2006
BSE Script Code 532784
NSE Symbol SOBHA
ISIN INE671H01015
Final Issue Price ₹640 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹640.00
₹1,111.25
₹918.10
₹1,179.00
₹968.75
NSE
₹640.00
₹1,120.00
₹918.05
₹1,248.00
₹926.65

Check IPO Performance…

Sobha Developers Ltd Contact Details

Sobha Developers Ltd
Sobha Developers Ltd,
E – 106, Sunrise Chambers, 22,
Ulsoor Road, Bangalore 560042, India
Phone: +91 80 2559 7260
Email: investors@sobha.co.in
Website: http://www.SobhaDevelopers.com

Sobha IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: sobha-ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html

Sobha IPO FAQs

Sobha IPO is a main-board IPO of 8,893,332 equity shares of the face value of ₹10 aggregating up to ₹569.17 Crores. The issue is priced at ₹550 to ₹640 per share. The minimum order quantity is .

The IPO opens on November 23, 2006, and closes on November 29, 2006.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Sobha IPO opens on November 23, 2006 and closes on November 29, 2006.

Sobha IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Sobha 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 Sobha IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sobha IPO allotment status.

The Sobha IPO listing date is on December 20, 2006.
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Sobha IPO Message Board

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112 Comments

112. SAM |   Link |  Bookmark |July 17, 2007 12:41:14 AM
can u tell grey mkt premium for Omnitech IPO?
111. tredinertok |   Link |  Bookmark |July 10, 2007 3:31:36 PM
Hi

Very interesting information! Thanks!


Bye








110. bandana rai |   Link |  Bookmark |January 6, 2007 8:05:59 AM

I had applied for sobha devlopers but till date i have not received refund amount even after sending one fax on dated 28/12/06 and sending mail on 1/1/07 no reply comes now. kindly what can i do to resole this problem
109. k.r.bhattar |   Link |  Bookmark |December 31, 2006 9:20:42 PM
Dear Sir,
I had applied sobha developers i.p.o with bid-cum-appliction form number : 31529841 /e.c.s int no: 830187 i. as on date my refund amount has not been credited to my bank account mentioned above.Please very records and arrange for refund amount credited to my above e.c.s account 830187
Thanking u
u rs faithfully,
k.r.bhattar


108. Bandana rai |   Link |  Bookmark |December 29, 2006 8:42:22 AM
I had applied in the IPO. the details are as under.
Name of applicant-Bandana rai.
Application No-25368058.
Demat details- IN 301549, (A/C no-18070796).
No of share applied-50 (fifty).
Date of bid-29/11/06.
Name of syndicate- Morgan stanley A'bad.
I have neither received share not received the refund order till 28/12/06. kindly send the payment immediately.
107. shali |   Link |  Bookmark |December 21, 2006 7:39:08 AM
Hey Prema

I applied for sobha developers issue and havent recieved the refund yet.i was surprised to see that all the phone lines were jammed since morning and if at all ring goes no body bothers to pick up the phone.I mailed intime spectrum ppl but no reply as yet.I am facing the same problems which you wrote.Kindly tell me what should i do to resolve the issue.My 90000rs are stuck.HELP
106. chitta |   Link |  Bookmark |December 20, 2006 9:30:15 AM
grey market premium now Rs525-
105. Ram |   Link |  Bookmark |December 20, 2006 7:12:07 AM
Recvd the refund directly to my ICICI bank account. I have had no problems till now with Intime regarding refund.....hope it continues to be the same in future... i hope SEBI sets some guidelines for all registrars to refund within a particular time (say 1 week)... 1 month is a long time in IPO world..........
104. lingaraj |   Link |  Bookmark |December 20, 2006 1:26:01 AM
i got refund today by dd
103. KASHINATH |   Link |  Bookmark |December 19, 2006 11:21:52 PM
Hi All, I got refund through ECS(ICICI) yesterday.
102. prema |   Link |  Bookmark |December 19, 2006 10:26:14 AM
Hi,

Sobha developers refund amount not yet received. Intime Spectrum Registry is very bad, that is not atall good registrar. So, please refer complaints to SEBI all aggrived persons. Every IPO like that. And also Still we have to receive 3 lanco and one Parsvnath applications refundable amount around Rs.2 lakhs. Nobody is taking action against the above said registry why. Everybody is facing the problems with the above registrar. No phone is working and always engage, no mails are receiving and not atall replied to any mail. PLEASE TAKE ACTION, PLEASE TAKE ACTION, PLEASE TAKE ACTION.
101. manish |   Link |  Bookmark |December 18, 2006 10:00:26 PM
Hello everone.has anybodu got refund frm them.will it come via ECS like parsvnath or by DD ?
100. biren parikh |   Link |  Bookmark |December 16, 2006 9:06:20 AM
Hi,
Anyone can tell min & max greymarket premium for SHOBHA?
Anyfm abad can contact me birenparikh2002@rediffmail.com.What about tanla grey premium??
99. suresh |   Link |  Bookmark |December 16, 2006 3:03:16 AM
Hi All
any body received the remaining amount after the allotment?
98. sandip thakker |   Link |  Bookmark |December 15, 2006 9:13:20 AM
where does sobhas refund come...is it comes in direct to my aacount like prsvnath or is its comes by DD ?
97. Hemant Shah |   Link |  Bookmark |December 15, 2006 3:24:22 AM
Sobha is trading at Rs (1150-1200) 500 premium..in gray market in Ahmedabad.

Expect fire crackers on Listing day if market bounce back continues.

HNI ready to pay 1300 to increase exposure.

Happy Trading.
96. vIKRAM |   Link |  Bookmark |December 15, 2006 2:23:11 AM
Hi,

can anyone advice, when will the shares get credited in our
demat account ?
95. abhijeet |   Link |  Bookmark |December 15, 2006 12:34:51 AM
NITINBHAI,i applied for 70 shares and got 10.its good i got some.now lets hope it gives good returns.all the best to all of you.bye.
94. nitin |   Link |  Bookmark |December 14, 2006 9:18:07 PM
the grey market premum is 500 rs.. that is for sure in aahmedabad that is the premium.
any body else has clue about tanla ipo. what rughly is the premium.
does anyone know what is it quoting at hyderabad stock exchange

regards
93. tapan bhagat |   Link |  Bookmark |December 14, 2006 11:28:18 AM
hey pls the exact date of listing.... and can we use the shobha money in cairn... pls answer