Bookbuilding IPO | ₹778 Cr | Listed at BSE, NSE | Mon, Jul 23, 2007 - Thu, Jul 26, 2007
IVR Prime Urban Developers IPO is a book build issue of ₹778.25 crores. The issue is entirely a fresh issue of 1.42 crore shares of ₹778.25 crore.
IVR Prime Urban Developers IPO bidding started from Jul 23, 2007 and ended on Jul 26, 2007. The shares got listed on BSE, NSE on Aug 16, 2007.
IVR Prime Urban Developers IPO price band is set at ₹550 per share. The lot size for an application is 10. The minimum amount of investment required by an retail is ₹6,000 (10 shares) (based on upper price). The lot size investment for sNII is 37 lots (370 shares), amounting to ₹2,03,500, and for bNII, it is 182 lots (1,820 shares), amounting to ₹10,01,000.
The issue includes a reservation of up to 1,50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to IVR Prime Urban Developers IPO RHP for detailed Information.
IPO Open
Mon, Jul 23, 2007
IPO Close
Thu, Jul 26, 2007
Issue Price
₹550 per share
Market Cap (Pre-IPO)
₹3,528.25 Cr
| IPO Date | 23 to 26 Jul, 2007 |
| Listed on | Thu, Aug 16, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹510 to ₹600 |
| Issue Price | ₹550 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,41,50,000 shares (agg. up to ₹778 Cr) |
| Fresh Issue | 1,41,50,000 shares (agg. up to ₹778 Cr) |
| Share Holding Pre Issue | 5,00,00,000 shares |
| Share Holding Post Issue | 6,41,50,000 shares |
| BSE Script Code / NSE Symbol | 532881 / IVRPRIME |
| ISIN | INE414I01018 |
IVR Prime Urban Developers IPO comprises a total issue size of 1,41,50,000 shares. The net offer to the public is 1,40,00,000 shares, after excluding 1,50,000 shares under a preferential allotment. Of the Net offer 84,00,000 (60.00%) are allocated to QIB, 14,00,000 (10.00%) allocated to NII 42,00,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 84,00,000 | 60.00% | 59.36% | NA |
| NII (HNI) Shares Offered | 14,00,000 | 10.00% | 9.89% | NA |
| Retail Shares Offered | 42,00,000 | 30.00% | 29.68% | 4,20,000 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,50,000 | 1.06% | NA | |
| Total Shares Offered | 1,41,50,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 10 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹5,500 |
| Retail (Max) | 36 | 360 | ₹1,98,000 |
| S-HNI (Min) | 37 | 370 | ₹2,03,500 |
| S-HNI (Max) | 181 | 1,810 | ₹9,95,500 |
| B-HNI (Min) | 182 | 1,820 | ₹10,01,000 |
| 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 |
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.
| Period Ended |
|---|
| 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 and construction costs for the project at Jigani | 5.74 |
| 2 | Development and construction costs for the IT Park and mall to be constructed at Gachibowli | 33.47 |
| 3 | Repayment of loan to our Parent Company | 27.61 |
| 4 | Repayment of the loan taken from Karnataka Bank Limited | 9.80 |
| 5 | Repayment of the development right costs to our Parent Company | 8.57 |
| 6 | General Corporate purposes | 7.53 |
| KPI | |
|---|---|
| RoNW | 28.81% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 77.94% |
| Market Cap | ₹3,528.25 Cr. |
The IVR Prime IPO is subscribed 5.75 times on July 26, 2007 5:00:00 PM (Day 4). The public issue subscribed 1.54 times in the retail category, 8.6 times in the QIB category, and 1.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹550.00 | ₹550.00 |
| Open | ₹500.00 | ₹456.25 |
| Low | ₹388.00 | ₹385.00 |
| High | ₹500.00 | ₹495.00 |
| Last Trade | ₹418.15 | ₹417.90 |
Lead Manager Reports
IVR Prime Urban Developers IPO is a main-board IPO of 1,41,50,000 equity shares of the face value of ₹10 aggregating up to ₹778 Crores. The issue is priced at ₹550 per share. The minimum order quantity is 10.
The IPO opens on Mon, Jul 23, 2007, and closes on Thu, Jul 26, 2007.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in IVR Prime Urban Developers IPO using UPI as a payment gateway. Zerodha customers can apply in IVR Prime Urban Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in IVR Prime Urban Developers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The IVR Prime Urban Developers IPO opens on Mon, Jul 23, 2007 and closes on Thu, Jul 26, 2007.
IVR Prime Urban Developers IPO lot size is 10, and the minimum amount required for application is ₹5,500.
You can apply in IVR Prime Urban Developers IPO 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 IVR Prime Urban Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the IVR Prime Urban Developers IPO allotment status.
The IVR Prime Urban Developers IPO listing date is on Thu, Aug 16, 2007.
