Bookbuilding FPO | ₹151 Cr | Listing at BSE, NSE | Tue, Apr 25, 2006 - Wed, May 3, 2006 P
D.S.Kulkarni Developers FPO is a book build issue of ₹151.28 crores. The issue is entirely a fresh issue of 0.55 crore shares of ₹151.28 crore.
D.S.Kulkarni Developers FPO bidding started from Apr 25, 2006 and ended on May 3, 2006. D.S.Kulkarni Developers FPO will list on BSE, NSE with a The tentative listing date fixed as .
D.S.Kulkarni Developers FPO is set final issue price at ₹275 per share.
A.K.Capital Services Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue.
Refer to D.S.Kulkarni Developers FPO RHP for detailed Information.
FPO Open
Tue, Apr 25, 2006
FPO Close
Wed, May 3, 2006
Issue Price
₹275 per share
Market Cap (Pre-IPO)
₹453.78 Cr
| IPO Date | 25 Apr to 3 May, 2006 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹250 to ₹275 |
| Issue Price | ₹275 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 55,01,008 shares (agg. up to ₹151 Cr) |
| Reserved for Private Promoter | 6,40,155 shares (agg. up to ₹18 Cr) |
| Fresh Issue | 48,60,853 shares (agg. up to ₹134 Cr) |
| Net Offered to Public | 48,60,853 shares (agg. up to ₹134 Cr) |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,65,01,008 shares |
D.S.Kulkarni Developers FPO comprises a total issue size of 48,59,845 shares. The net offer to the public is 41,09,690 shares, after excluding 6,40,155 shares allotted on a firm basis and 1,10,000 shares under a preferential allotment. Of the Net offer 23,74,923 (50.00%) are allocated to QIB, 7,12,477 (15.00%) allocated to NII 16,62,445 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 23,74,923 | 50.00% | 48.87% |
| NII (HNI) Shares Offered | 7,12,477 | 15.00% | 14.66% |
| Retail Shares Offered | 16,62,445 | 35.00% | 34.21% |
| Preferential Reservations | |||
| Employee Shares Offered | 1,10,000 | 2.26% | |
| Firm Reservations | |||
| Private Promoter Shares Offered | 6,40,155 | 13.17% | |
| Total Shares Offered | 48,59,845 | 100.00% | 100.00% |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
D.S Kulkarni Developers Ltd is a construction company.
The company is mainly engaged in property development which includes location identification, site selection, land acquisition, planning out sourcing construction activity, marketing and formation of housing co-operative society.
Suryalok Nagari is a residential-cum-commercial project of 1,00,000-sq. ft. opposite the Kirloskar Pneumatic factory in Hadapsar and was successfully completed in 1992.
Competitive Strengths:
| Period Ended | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 115.18 | 102.78 | 91.38 |
| Total Income | 53.60 | 51.25 | 49.59 |
| Profit After Tax | 3.65 | 1.41 | 1.41 |
| EBITDA | 6.89 | 3.57 | 3.76 |
| NET Worth | 21.88 | 19.11 | 18.57 |
| Reserves and Surplus | 10.88 | 8.11 | 7.57 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Development of Residential/ Commercial Projects | 555.23 |
| 2 | General Corporate Purpose | 25.00 |
| 3 | Issue Expenses | 14.49 |
| Total | 594.72 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 16.82% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.32 | 2.21 |
| P/E (x) | 82.88 | 124.32 |
| Promoter Holding | 24.18% | 21.05% |
| Market Cap | ₹453.78 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, Underwriting and Selling Commissions | 10.10 |
| 2 | Advertisement and Marketing Expenses | 2.23 |
| 3 | Printing, stationery, including transportation of the same | 0.91 |
| 4 | Others (Registrar's fees, legal fees, listing fees, etc) | 1.25 |
| Total | 14.49 |
Lead Manager Reports
D.S.Kulkarni Developers FPO is a main-board FPO of 55,01,008 equity shares of the face value of ₹10 aggregating up to ₹151 Crores. The issue is priced at ₹275 per share. The minimum order quantity is .
The FPO opens on Tue, Apr 25, 2006, and closes on Wed, May 3, 2006.
Sharepro Services Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in D.S.Kulkarni Developers FPO using UPI as a payment gateway. Zerodha customers can apply in D.S.Kulkarni Developers FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in D.S.Kulkarni Developers FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The D.S.Kulkarni Developers FPO opens on Tue, Apr 25, 2006 and closes on Wed, May 3, 2006.
D.S.Kulkarni Developers FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in D.S.Kulkarni Developers FPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for D.S.Kulkarni Developers FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the D.S.Kulkarni Developers FPO allotment status.
The D.S.Kulkarni Developers FPO listing date is not yet announced. The tentative date of listing is .
