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Sobha Developers IPO is a book build issue .
Sobha Developers IPO bidding started from Nov 23, 2006 and ended on Nov 29, 2006. The shares got listed on BSE, NSE on Dec 20, 2006.
Sobha Developers IPO price band is set at ₹640.00 per share .
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Sobha Developers IPO RHP for detailed Information.
| IPO Date | November 23, 2006 to November 29, 2006 |
| Listing Date | December 20, 2006 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹550 to ₹640 per share |
| Issue Price Final | ₹640 per share |
| Lot Size | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,40,04,908 shares |
| Share Holding Post Issue | 7,28,98,240 shares |
Sobha Developers IPO opens on November 23, 2006, and closes on November 29, 2006.
| IPO Open Date | Thu, Nov 23, 2006 |
| IPO Close Date | Wed, Nov 29, 2006 |
| Tentative Listing Date | Wed, Dec 20, 2006 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 29, 2006 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in Bangalore in 1995, Sobha Developers Ltd. is a real estate development and construction company that focuses on residential and contractual projects. The Company has constructed residential projects in Bangalore, in the State of Karnataka and constructed other projects on a contractual basis in eight states of India: Karnataka, Kerala, Andhra Pradesh, Orissa, Tamil Nadu, Punjab, Haryana and Maharashtra.
As of June 30, 2006, its land reserves included 2,592.83 acres and its land arrangements included 3,456.19 acres of land. The Company's residential projects include presidential apartments, villas, row houses, super luxury apartments and luxury apartments along with amenities, such as clubhouse, swimming pool and shopping complex. As of June 30, 2006, it had developed and constructed 19 residential projects in Bangalore.
| KPI | Values |
|---|---|
| RoNW | 65.21% |
The Company Sobha IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Land acquisition | 375.68 |
| 2 | Development and construction costs for existing projects and for forthcoming projects | 445.39 |
| 3 | Repayment of loans of the Company | 132.18 |
| 4 | General corporate purposes |
| Listing Date | December 20, 2006 |
| BSE Script Code | 532784 |
| NSE Symbol | SOBHA |
| ISIN | INE671H01015 |
| Final Issue Price | ₹640 per share |
Sobha Developers Ltd.
Sobha Developers Ltd,
E – 106, Sunrise Chambers, 22,
Ulsoor Road
Bangalore Urban, Karnataka, 560042
Phone: +91 80 2559 7260
Email: investors@sobha.co.in
Website: http://www.SobhaDevelopers.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sobha-ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sobha Developers IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹640 per share. The minimum order quantity is .
The IPO opens on November 23, 2006, and closes on November 29, 2006.
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 Sobha Developers IPO using UPI as a payment gateway. Zerodha customers can apply in Sobha Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sobha Developers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sobha Developers IPO opens on November 23, 2006 and closes on November 29, 2006.
Sobha Developers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sobha 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 Sobha Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sobha Developers IPO allotment status.
The Sobha Developers IPO listing date is on Wednesday, December 20, 2006.
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