Bookbuilding IPO | ₹569 Cr | Listed at BSE, NSE | Thu, Nov 23, 2006 - Wed, Nov 29, 2006
Sobha Developers IPO is a book build issue of ₹569.40 crores. The issue is entirely a fresh issue of 0.89 crore shares of ₹569.40 crore.
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 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 Open
Thu, Nov 23, 2006
IPO Close
Wed, Nov 29, 2006
Issue Price
₹640 per share
Market Cap (Pre-IPO)
₹4,665.71 Cr
| IPO Date | 23 to 29 Nov, 2006 |
| Listed on | Wed, Dec 20, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹550 to ₹640 |
| Issue Price | ₹640 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 88,96,825 shares (agg. up to ₹569 Cr) |
| Fresh Issue | 88,96,825 shares (agg. up to ₹569 Cr) |
| Share Holding Pre Issue | 6,40,04,908 shares |
| Share Holding Post Issue | 7,29,01,733 shares |
| BSE Script Code / NSE Symbol | 532784 / SOBHA |
| ISIN | INE671H01015 |
Sobha Developers IPO comprises a total issue size of 88,93,332 shares. The net offer to the public is 80,04,032 shares, after excluding 8,89,300 shares under a preferential allotment. Of the Net offer 48,02,450 (60.00%) are allocated to QIB, 8,00,300 (10.00%) allocated to NII 24,01,282 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 48,02,450 | 60.00% | 54.00% |
| NII (HNI) Shares Offered | 8,00,300 | 10.00% | 9.00% |
| Retail Shares Offered | 24,01,282 | 30.00% | 27.00% |
| Preferential Reservations | |||
| Employee Shares Offered | 8,89,300 | 10.00% | |
| Total Shares Offered | 88,93,332 | 100.00% | 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 |
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.
| Period Ended | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Assets | 1,196.49 | 1,002.67 | 511.12 | 272.70 |
| Total Income | 532.84 | 628.44 | 465.13 | 204.59 |
| Profit After Tax | 53.97 | 89.23 | 33.85 | 8.88 |
| NET Worth | 190.80 | 136.83 | 64.81 | 29.41 |
| Reserves and Surplus | 118.65 | 106.96 | 34.94 | 8.27 |
| 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 | 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 |
| KPI | Sep 30, 2006 | Mar 31, 2006 |
|---|---|---|
| Debt/Equity | 3.09 | |
| RoNW | 56.58% | 65.21% |
| Price to Book Value | 21.35 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.95% | 86.88% |
| Market Cap | ₹4,665.71 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹640.00 | ₹640.00 |
| Open | ₹1,111.25 | ₹1,120.00 |
| Low | ₹918.10 | ₹918.05 |
| High | ₹1,179.00 | ₹1,248.00 |
| Last Trade | ₹968.75 | ₹926.65 |
Sobha Developers IPO is a main-board IPO of 88,96,825 equity shares of the face value of ₹10 aggregating up to ₹569 Crores. The issue is priced at ₹640 per share. The minimum order quantity is .
The IPO opens on Thu, Nov 23, 2006, and closes on Wed, Nov 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 Thu, Nov 23, 2006 and closes on Wed, Nov 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 Wed, Dec 20, 2006.
