Kolte-Patil Developers Limited IPO Information

»» Public Issue Open : November 19, 2007 to November 22, 2007
»» Public Issue Type : 100% Book Built Issue (Initial Public Offer IPO )
»» Public Issue Size: 18,812,709 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs. 125/- to Rs. 145/- Per Equity Share
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing At: BSE, NSE
»» Lead Manager(s): DSP Merrill Lynch Limited and Edelweiss Capital Limited
»» Registrar : Bigshare Services Pvt Ltd (Ph: +91 22 2847 3747/3474 Email: bigshare@bom7.vsnl.net.in)

 

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.


Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
Finance land acquisition;
Finance the construction and development costs for some of the proposed projects;
Fund expenditures for general corporate purposes.