IVR Prime Urban Developers Ltd IPO Message Board (Page 5)

Thanks Suresh , u Gave valuable comments with supported data.it's the right way to share thoughts when we r saying something we should have some base.U r right Parsvnath Dev is very good share to accumulate on every dip.it will give u better return than IVR Prime.Parsvnath is developing some SEZ ,Hotels,Commercial space etc,very good future prospects.

this website realy very usefull for IPO application

Very Much Poor responce so its too much risky issue

Money Control Review:
IVR Prime Urban Developers Ltd. IPO opens on 23rd July

IVR Prime Urban Developers Ltd., a subsidiary of IVRCL Infrastructures and Projects Ltd., is a company focusing on integrated townships, residential developments including affordable homes, commercial projects, including hotels, retail malls, IT parks and other projects in various parts of India. As on 21st June 2007, its Land Reserves consisted of approximately 2,478.85 acres, representing approximately 75.45 million sq. ft. of Saleable Area, in the cities of Hyderabad, Visakhapatnam, Chennai, Bangalore, Pune and Noida.

IVR Prime now proposes to enter the capital markets with a public issue of 14,150,000 equity shares of Rs.10 each through 100% book building process in the price band of Rs.510 to Rs.600. the issue opens on Monday, 23rd July and closes on Friday, 26th July 2007 and will be listed on BSE and NSE.
The company proposes to utilize the net proceeds of the issue to provide funding for development and construction costs for its projects in Jigani, development and construction costs for the IT Park and mall at Gachibowli, repayment of loan to IVRCL, repayment of the loan taken from Karnataka Bank Ltd. and payment of the development right costs to IVRCL.

For FY07, it had unconsolidated restated total income of Rs.147.3 cr. against Rs.136.2 cr. and unconsolidated restated PAT of Rs.20.68 cr. in FY07 against Rs.11.7 cr. in FY06.

Hi Suresh, Thanks for the valuable information. What is your view on Zylog,CBI.. I invested 40K on each.

not apply all ipoand
buy max ritesh industry current prize is 62.15
and target is 160 conform
and its result and eps is very high
i purchase tomorrow for max.
this is company's secret news.
all the best..............

Dear all, This company is fooling investors so my advice is don't apply in the IPO. Even though you may get some kind of listing gains but it is not going to help way forward. Has someone checked the EPS of the company for FY07. It is less than 5 Rs. which means it is at a whooping multiple of 120 times on the upper end.If you compare it with peers like Unitech and DLF they are trading on PE multiples of less than 50 which is understandable. I am sure that even the employees of the company will not subscribe to it fully. For more details please check yourself at http://www.ivrprime.com/financials.pdf

All the best and happy investing

looking to my past experiance lead manager is ENAM it seems to be good.However issuprice is high side but i recommand to apply for this isssue

Ram..Face value nothing but unit value of asset.Dont compare only pricing..consider face value as well.
Issue price may be expensive. DLF is too much expensive and more than 6 times of IVR.

I think like DLF, this IPO is also going to give good
profits. Have courage and do try your luck.

Shiva, what difference does it make when you say face value is Rs 10/- Vs Rs 2/- of DLF.
Aw, its very expensive, you should agree on that.

Dear All,

The issue price is too high.we dont expect gains even we got a good allotment.

hi jagadish,

DLF face value is 2/- where as IVR face vale is 10/-

Analyst it is ext. expensive.Is it other case of making fool like in DLF?

IVR is good one.. see IVR Issue share has face valueRs.10. For DLF it is Rs.2...

I am regularly investin in IPO, so pl give information about this price is fair for applying or not. Should I invest in this IPO or not

i am newcomer,what is gray market premium?

hi ,

i beleive its more premiumed even compared to the ipo of dlf .as dlf price band was --510--550

i am a new comer plaese suggest me still wheter to go or not .

regards,

jignesh

Hey Nitin,
IVRCL face value is Rs 2/- while
IVR Prime Urban Developers Limited face value is Rs 10/-.

i think its vry expensive ipo,IVRCL is holding co. and its pricr near to Rs 400, so can subsidiary co. have much value thn its holding co.