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Open
23 Nov 2006
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Close
29 Nov 2006
3
Allotment
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Listing
Wed, Dec 20, 2006
Price Band
₹550 to ₹640
Issue Size
88,96,825 shares (agg. up to ₹569 Cr)
Listing Date
Wed, Dec 20, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 113.93x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| 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 | 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 |
About Sobha Developers IPO
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.+ Read More
Contact Details
Sobha Developers Ltd. AddressSobha Developers LtdE 106, Sunrise Chambers, 22Ulsoor RoadBengaluru, Karnataka, 560042+91 80 2559 7260investors@sobha.co.inVisit Website