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Kolte-Patil Developers IPO is a book build issue of ₹275.54 crores. The issue is entirely a fresh issue of 1.90 crore shares of ₹275.54 crore.
Kolte-Patil Developers IPO bidding started from Nov 19, 2007 and ended on Nov 22, 2007. The shares got listed on BSE, NSE on Dec 13, 2007.
Kolte-Patil Developers IPO price band is set at ₹145.00 per share . The lot size for an application is 40. The minimum amount of investment required by an retail is ₹5,000 (40 shares). The lot size investment for sNII is 35 lots (1,400 shares), amounting to ₹2,03,000, and for bNII, it is 173 lots (6,920 shares), amounting to ₹10,03,400.
The issue includes a reservation of up to 1,88,127 shares for employees offered at a discount of ₹0.00 to the issue price.
BOFA Securities India Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹125 to ₹145 per share |
| Issue Price Final | ₹145 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,90,02,977 shares (aggregating up to ₹275.54 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,62,50,000 shares |
| Share Holding Post Issue | 7,52,50,836 shares |
Kolte Patil Developers IPO offers total 1,90,00,836 shares. Out of which 94,06,355 (49.50%) allocated to QIB, 28,21,906 (14.85%) allocated to NII, 65,84,448 (34.65%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 94,06,355 (49.50%) | NA |
| NII (HNI) Shares Offered | 28,21,906 (14.85%) | NA |
| Retail Shares Offered | 65,84,448 (34.65%) | 1,64,611 |
| Employee Shares Offered | 1,88,127 (0.99%) | NA |
| Total Shares Offered | 1,90,00,836 (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 |
Kolte-Patil Developers IPO opens on November 19, 2007, and closes on November 22, 2007.
| IPO Open Date | Mon, Nov 19, 2007 |
| IPO Close Date | Thu, Nov 22, 2007 |
| Tentative Listing Date | Thu, Dec 13, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Nov 22, 2007 |
Investors can bid for a minimum of 40 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹5,800 |
| Retail (Max) | 34 | 1,360 | ₹1,97,200 |
| S-HNI (Min) | 35 | 1,400 | ₹2,03,000 |
| S-HNI (Max) | 172 | 6,880 | ₹9,97,600 |
| B-HNI (Min) | 173 | 6,920 | ₹10,03,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Kolte Patil Developers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Acquisition of Development Rights | 1,763.35 |
| 2 | . Development and construction costs for existing projects and for forthcoming projects | 1,486.29 |
| 3 | Issue Expenses | 256.79 |
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 |
| BSE Listing Group | B1 |
Kolte-Patil Developers Ltd.
2nd Floor,
City Point,
Dhole Patil Road,
Pune, Maharashtra, 411001
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 1,90,02,977 equity shares of the face value of ₹10 aggregating up to ₹275.54 Crores. The issue is priced at ₹145 per share. The minimum order quantity is 40.
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.
Zerodha customers can apply online in Kolte-Patil Developers IPO using UPI as a payment gateway. Zerodha customers can apply in Kolte-Patil Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kolte-Patil Developers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kolte-Patil Developers IPO opens on November 19, 2007 and closes on November 22, 2007.
Kolte-Patil Developers IPO lot size is 40, and the minimum amount required for application is ₹5,800.
You can apply in Kolte-Patil 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 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.
The Kolte-Patil Developers IPO listing date is on Thursday, December 13, 2007.
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