PURAVANKARA PROJECTS LIMITED - IPO
Type of Issue : Book Built
Issue Opens: 31 July, 2007
Issue Closes: 03 August, 2007
Expected Refund Date: 18 August, 2007
Issue Size : 21,467,600 (No. of Shares)
Lower Price Band: Rs.500
Upper Price Band: Rs.525
Total Issue Size: Rs.1,127 Crores
Application Multiple: 10 and in multiples there off starting with at least 10 shares.
Maximum Shares: 160 (for Retail)
Information URL : http://www.puravankara.com/
Prospectus URL : http://www.sebi.gov.in/dp/purav.pdf
Company Details :
Address : NO. 227, S. V. ROAD, BANDRA (W), MUMBAI - 400050.
Email : investor@puravankara.com
Contact Details : 9122-26429387 /9180-25599350 (fax)
ISSUE Description:
Company Background:
PPL is one of the leading developers in Bangalore. The promoter has more than 30 years of experience in the construction and development business, with PPL being incorporated in 1986. The Company has self-constructed most of its historical properties developed in Bangalore.
PPL also has its presence in other south–Indian states like Chennai, Coimbatore, Mysore, Cochin and Hyderabad and in overseas locations like Colombo and The United Arab Emirates. The company has completed 14 residential and one commercial project totalling 3.93 mln.Sq.ft. of developable area. Ongoing projects aggregate 12.20mln. sq. ft. of saleable area.
Puravankara has one of first operational FDIs in the real estate development industry through the ‘automatic route’ in India through a JV (Keppel Puravankara Development Ltd.) with Keppel Land of Singapore. The JV is successfully developing two projects in Bangalore. The company intends to enter into another JV with Keppel for a proposed project in Kolkata.
Land Assets:
The Company’s land assets aggregate approximately 94.60mln. sq. ft. of Saleable Area, of which approximately 42.77mln sq ft of saleable area is owned by the Company.
Objects of the Issue:
Land Acquisition and repayment of loans
Key Financials for the year ended June 30, 2006
Revenue Rs. 4,168.61Mln PAT Rs.1,304.02Mln
EPS Rs.6.79 RoNW 58.80%
Recommendation:
PPL has, over the years, established a very strong brand name in “Purva”. Apply Aggresively.
Issue Opens: 31 July, 2007
Issue Closes: 03 August, 2007
Expected Refund Date: 18 August, 2007
Issue Size : 21,467,600 (No. of Shares)
Lower Price Band: Rs.500
Upper Price Band: Rs.525
Total Issue Size: Rs.1,127 Crores
Application Multiple: 10 and in multiples there off starting with at least 10 shares.
Maximum Shares: 160 (for Retail)
Information URL : http://www.puravankara.com/
Prospectus URL : http://www.sebi.gov.in/dp/purav.pdf
Company Details :
Address : NO. 227, S. V. ROAD, BANDRA (W), MUMBAI - 400050.
Email : investor@puravankara.com
Contact Details : 9122-26429387 /9180-25599350 (fax)
ISSUE Description:
Company Background:
PPL is one of the leading developers in Bangalore. The promoter has more than 30 years of experience in the construction and development business, with PPL being incorporated in 1986. The Company has self-constructed most of its historical properties developed in Bangalore.
PPL also has its presence in other south–Indian states like Chennai, Coimbatore, Mysore, Cochin and Hyderabad and in overseas locations like Colombo and The United Arab Emirates. The company has completed 14 residential and one commercial project totalling 3.93 mln.Sq.ft. of developable area. Ongoing projects aggregate 12.20mln. sq. ft. of saleable area.
Puravankara has one of first operational FDIs in the real estate development industry through the ‘automatic route’ in India through a JV (Keppel Puravankara Development Ltd.) with Keppel Land of Singapore. The JV is successfully developing two projects in Bangalore. The company intends to enter into another JV with Keppel for a proposed project in Kolkata.
Land Assets:
The Company’s land assets aggregate approximately 94.60mln. sq. ft. of Saleable Area, of which approximately 42.77mln sq ft of saleable area is owned by the Company.
Objects of the Issue:
Land Acquisition and repayment of loans
Key Financials for the year ended June 30, 2006
Revenue Rs. 4,168.61Mln PAT Rs.1,304.02Mln
EPS Rs.6.79 RoNW 58.80%
Recommendation:
PPL has, over the years, established a very strong brand name in “Purva”. Apply Aggresively.
posted by Sensex-Blog Admin at 5:32 AM
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