Bookbuilding IPO | ₹856 Cr | Listed at BSE, NSE | Tue, Jul 31, 2007 - Wed, Aug 8, 2007
Puravankara Projects IPO is a book build issue of ₹856.28 crores. The issue is entirely a fresh issue of 2.14 crore shares of ₹856.28 crore.
Puravankara Projects IPO bidding started from Jul 31, 2007 and ended on Aug 8, 2007. The shares got listed on BSE, NSE on Aug 30, 2007.
Puravankara Projects IPO price band is set at ₹400 per share. The lot size for an application is 10. The minimum amount of investment required by an retail is ₹4,500 (10 shares) (based on upper price). The lot size investment for sNII is 51 lots (510 shares), amounting to ₹2,04,000, and for bNII, it is 251 lots (2,510 shares), amounting to ₹10,04,000.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Puravankara Projects IPO RHP for detailed Information.
IPO Open
Tue, Jul 31, 2007
IPO Close
Wed, Aug 8, 2007
Issue Price
₹400 per share
Market Cap (Pre-IPO)
₹8,539.40 Cr
| IPO Date | 31 Jul to 8 Aug, 2007 |
| Listed on | Thu, Aug 30, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹400 to ₹450 |
| Issue Price | ₹400 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,14,06,880 shares (agg. up to ₹856 Cr) |
| Fresh Issue | 2,14,06,880 shares (agg. up to ₹856 Cr) |
| Share Holding Pre Issue | 19,20,17,455 shares |
| Share Holding Post Issue | 21,34,85,065 shares |
| BSE Script Code / NSE Symbol | 532891 / PURVA |
| ISIN | INE323I01011 |
Puravankara Projects IPO comprises a total issue size of 2,14,67,610 shares. Out of which, 1,28,80,566 (60.00%) are allocated to QIB, 21,46,761 (10.00%) allocated to NII 64,40,283 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,28,80,566 | 60.00% | NA |
| NII (HNI) Shares Offered | 21,46,761 | 10.00% | NA |
| Retail Shares Offered | 64,40,283 | 30.00% | 6,44,028 |
| Total Shares Offered | 2,14,67,610 | 100.00% |
Investors can bid for a minimum of 10 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹4,000 |
| Retail (Max) | 50 | 500 | ₹2,00,000 |
| S-HNI (Min) | 51 | 510 | ₹2,04,000 |
| S-HNI (Max) | 250 | 2,500 | ₹10,00,000 |
| B-HNI (Min) | 251 | 2,510 | ₹10,04,000 |
Incorporated in 1986, Puravankara Projects Limited is one of the leading real estate development companies in India. Puravankara operations span all aspects of real estate development, from the identification and acquisition of land, to the planning and execution and marketing of the projects.
The residential properties that Puravankara develop consist of apartment complexes, villas and townhouses. Puravankara's commercial projects include retail and office premises.
Puravankara's projects are spread over Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Colombo and the United Arab Emirates ("U.A.E"). Puravankara have completed 12 residential projects and one commercial project covering approximately 3.18 million sq.ft of Saleable Area. Puravankara currently have 12 residential projects and one commercial project under construction covering approximately 10.45 million sq ft. of Developable Area or 10.02 million sq ft. of saleable Area. As of December 15, 2006, Puravankara's Land Assets aggregate approximately 31.07 million sq. ft.
| 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 | Land acquisition | 351.30 |
| 2 | Repayment of loans of the Company | 393.52 |
| 3 | General corporate purposes | 61.18 |
| KPI | |
|---|---|
| RoNW | 58.8% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.98% | 79.88% |
| Market Cap | ₹8,539.40 Cr. |
The Puravankara IPO is subscribed 1.91 times on August 8, 2007 5:00:00 PM (Day 7). The public issue subscribed 0.64 times in the retail category, 2.69 times in the QIB category, and 0.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 21.00 |
| 2 | Advertising and Marketing expenses | 21.50 |
| 3 | Printing and stationery | 6.00 |
| 4 | Others (Monitoring agency fees, Registrars fee, legal fee, etc.) | 4.20 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹400.00 | ₹400.00 |
| Open | ₹399.00 | ₹310.00 |
| Low | ₹357.55 | ₹310.00 |
| High | ₹399.00 | ₹390.00 |
| Last Trade | ₹361.75 | ₹362.30 |
Puravankara Projects IPO is a main-board IPO of 2,14,06,880 equity shares of the face value of ₹10 aggregating up to ₹856 Crores. The issue is priced at ₹400 per share. The minimum order quantity is 10.
The IPO opens on Tue, Jul 31, 2007, and closes on Wed, Aug 8, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Puravankara Projects IPO using UPI as a payment gateway. Zerodha customers can apply in Puravankara Projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Puravankara Projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Puravankara Projects IPO opens on Tue, Jul 31, 2007 and closes on Wed, Aug 8, 2007.
Puravankara Projects IPO lot size is 10, and the minimum amount required for application is ₹4,000.
You can apply in Puravankara Projects 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 Puravankara Projects IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Puravankara Projects IPO allotment status.
The Puravankara Projects IPO listing date is on Thu, Aug 30, 2007.
