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Open
23 Jul 2007
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Close
26 Jul 2007
3
Allotment
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Listing
Thu, Aug 16, 2007
Price Band
₹510 to ₹600
Issue Size
1,41,50,000 shares (agg. up to ₹778 Cr)
Lot Size
10 Shares
Listing Date
Thu, Aug 16, 2007
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 5.49x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Omaxe Ltd. | Mainboard | ₹605.94 Cr | ₹310 | null | ₹349.35 | +12.69% | ₹96.29 (-0.41%) |
| Housing Development & Infrastructure Ltd. | Mainboard | ₹1,707.75 Cr | ₹500 | null | ₹559.35 | +11.87% | ₹1.72 (-0.58%) |
| DLF Ltd. | Mainboard | ₹9,187.50 Cr | ₹525 | null | ₹569.80 | +8.53% | ₹648.10 (-1.52%) |
| Akruti Nirman Ltd. | Mainboard | ₹361.80 Cr | ₹540 | null | ₹563.45 | +4.34% | ₹202.34 (-0.93%) |
| Sobha Developers Ltd. | Mainboard | ₹569.40 Cr | ₹640 | null | ₹926.65 | +44.79% | ₹1,493.00 (+0.35%) |
| Parsvnath Developers Ltd. | Mainboard | ₹1,089.77 Cr | ₹300 | null | ₹526.40 | +75.47% | ₹2.18 (-1.81%) |
| Gwalior Chemical Industries Ltd. | Mainboard | ₹80.00 Cr | ₹81 | null | ₹93.85 | +15.86% | ₹349.00 (+0.03%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Development and construction costs for the project at Jigani | 5.74 |
| 2 | Development and construction costs for the IT Park and mall to be constructed at Gachibowli | 33.47 |
| 3 | Repayment of loan to our Parent Company | 27.61 |
| 4 | Repayment of the loan taken from Karnataka Bank Limited | 9.80 |
| 5 | Repayment of the development right costs to our Parent Company | 8.57 |
| 6 | General Corporate purposes | 7.53 |
About IVR Prime Urban Developers IPO
Incorporated in 1996, IVR Prime Urban Developers Limited, a subsidiary of IVRCL, is a real estate development company focusing on integrated townships, residential developments, and commercial projects, including hotels, retail malls, IT parks and other projects in various parts of India. As on January 23, 2007, our Land Reserves consisted of approximately 2,298.75 acres, representing approximately 56.63 million sq. ft. of Saleable Area, in the cities of Hyderabad, Chennai, Bangalore, Pune and Noida.IVR Prime Urban Developers has completed development of a built-up area of approximately 2 million sq. ft. consisting of 17 high rise towers with 664 apartments and 125 independent villas. IVR Prime Urban Developers are currently developing approximately 0.77 million sq. ft. retail mall with a multiplex cinema, which will include apparel stores, restaurant outlets and entertainment centres, as well as an IT park consisting of approximately 0.71 million sq. ft. office tower above the retail mall. In addition, we plan to develop a business hotel of approximately 0.50 million sq. ft.For fiscal 2006 and the six months ending September 30, 2006, the Company had unconsolidated restated total
Contact Details
IVR Prime Urban Developers Ltd. AddressIVR Prime Urban Developers LimitedM-22/3RTVijayanagar ColonyHyderabad, Telangana, 500057(91 40) 2349 5000investors@ivrprime.comVisit Website