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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 ₹400.00 per share . The lot size for an application is 10. The minimum amount of investment required by an retail is ₹4,000 (10 shares). 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 Date | July 31, 2007 to August 8, 2007 |
| Listing Date | August 30, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹400 to ₹450 per share |
| Issue Price Final | ₹400 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 2,14,06,880 shares (aggregating up to ₹856.28 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 19,20,17,455 shares |
| Share Holding Post Issue | 21,34,85,065 shares |
Puravankara IPO offers total 2,14,67,610 shares. Out of which 1,28,80,566 (60.00%) allocated to QIB, 21,46,761 (10.00%) allocated to NII, 64,40,283 (30.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum 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%) |
Puravankara Projects IPO opens on July 31, 2007, and closes on August 8, 2007.
| IPO Open Date | Tue, Jul 31, 2007 |
| IPO Close Date | Wed, Aug 8, 2007 |
| Tentative Listing Date | Thu, Aug 30, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 8, 2007 |
Investors can bid for a minimum of 10 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 58.8% |
The Company Puravankara 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 | Land acquisition | 3,513.00 |
| 2 | Repayment of loans of the Company | 3,935.20 |
| 3 | General corporate purposes | 611.84 |
| Listing Date | August 30, 2007 |
| BSE Script Code | 532891 |
| NSE Symbol | PURVA |
| ISIN | INE323I01011 |
| Final Issue Price | ₹400 per share |
| BSE Listing Group | A |
Puravankara Projects Ltd.
No. 227,
S.V. Road,
Bandra (West),
Mumbai, Maharashtra, 400050
Phone: (91 22) 2642 9387
Email: investors@puravankara.com
Website: http://www.puravankara.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: puravankara.ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Puravankara Projects IPO is a main-board IPO of 2,14,06,880 equity shares of the face value of ₹10 aggregating up to ₹856.28 Crores. The issue is priced at ₹400 per share. The minimum order quantity is 10.
The IPO opens on July 31, 2007, and closes on August 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 July 31, 2007 and closes on August 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 Thursday, August 30, 2007.
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