An IPO of Rs 275.51 crore for Kolte Patil Developers is a book-built offering. The auction for the Kolte Patil Developers IPO began on November 19, 2007 and concluded on November 22, 2007. On December 13, 2007, the shares were listed on the BSE and NSE. The IPO price range for Kolte Patil Developers is ₹125 to ₹145 per share. An application must have a minimum lot size of 40 shares. Retail investors are obliged to invest a minimum of ₹5,800.
Kolte Patil Developers Limited, a rather small real estate development business with its headquarters in Pune, was founded in 1991. The company has constructed 25 projects as of last year, including 2 IT parks, 22 in Pune and 3 in Bangalore. The company is working on 28 projects in Pune and Bangalore, including 5 commercial IT parks and 23 residential IT parks. The company holds ISO 9001 certification and was awarded the First Prize for the Best IT Infrastructure in the State of Maharashtra by the Maharashtra government for its GigaSpace IT Park project
located in Viman Nagar, Pune. With ICICI Venture, the corporation has a joint venture for three of its major projects in Pune. These initiatives have received funding from ICICI Venture. The company has located and purchased land, made equity investments, created and envisioned the projects, and managed and developed them.
Kolte Patil Developers IPO Details
| IPO Date | November 19, 2007 to November 22, 2007 |
| Listing Date | December 13, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹145 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 19,000,836 shares (aggregating up to ₹275.51 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Kolte Patil Developers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹5,800 |
| Retail (Max) | 34 | 1360 | ₹197,200 |
Objects of the Issue (Kolte Patil Developers IPO Objectives)
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and 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.
Kolte Patil Developers IPO Listing Details
| Listing Date | December 13, 2007 |
| BSE Script Code | 532924 |
| NSE Symbol | KOLTEPATIL |
| ISIN | INE094I01018 |
| Final Issue Price | ₹145 per share |
Kolte Patil Developers Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹145.00 | ₹145.00 |
| Open | ₹220.00 | ₹230.00 |
| Low | ₹175.00 | ₹176.00 |
| High | ₹223.90 | ₹230.00 |
| Last Trade | ₹181.45 | ₹181.35 |
Kolte-Patil Developers Limited Contact Details
Kolte-Patil Developers Limited
2nd Floor, City Point,
Dhole Patil Road,
Pune 411 001, Maharashtra, India
Phone: +91 20 2605 3700
Email: [email protected]
Website: http://www.koltepatil.com
Kolte Patil Developers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com
Kolte Patil Developers IPO FAQs:
Q1. What is the Kolte Patil Developers IPO?
Ans. Kolte Patil Developers IPO is a main-board IPO of 19,000,836 equity shares with a face value of ₹10, aggregating up to ₹275.51 crore. The issue is priced at ₹125 to ₹145 per share. The minimum order quantity is 40 shares. The IPO opens on November 19, 2007, and closes on November 22, 2007.
Q2. When will Kolte Patil Developers IPO open?
Ans. The Kolte Patil Developers IPO opens on November 19, 2007 and closes on November 22, 2007.
Q3. What is the size of the Kolte Patil Developers IPO?
Ans. Kolte Patil Developers IPO lot size is 40 shares, and the minimum amount required is ₹5,800.
Q4. When is Kolte Patil Developers IPO listing date?
Ans. The Kolte Patil Developers IPO listing date is on December 13, 2007.
