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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 income of Rs. 1,364.25 million and Rs. 691.27 million, respectively, and unconsolidated restated profit after tax of Rs. 117.04 million and Rs. 139.59 million, respectively.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Development and construction costs for our project at Jigni;
2. Development and construction costs for the IT Park and mall to be constructed at Gachibowli;
3. Repayment of loan to our Parent Company;
4. Repayment of the loan taken from Karnataka Bank Limited;
5. Repayment of the development right costs to our Parent Company.
| IPO Opening Date | Jul 23, 2007 |
| IPO Closing Date | Jul 26, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹510 to ₹600 per equity share |
| Market Lot | 10 Shares |
| Min Order Quantity | 10 Shares |
| Listing At | BSE, NSE |
| Issue Size | 14,150,000 Eq Shares of ₹10 (aggregating up to ₹778.25 Cr) |
The IVR Prime IPO market lot size is 10 shares. A retail-individual investor can apply for up to 33 lots (330 shares or ₹198,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10 | ₹6,000 |
| Maximum | 33 | 330 | ₹198,000 |
The IVR Prime IPO is subscribed 5.75 times on 7/26/2007 5:00:00 PM. The public issue subscribed 1.54 times in the retail category, 8.60 times in the QIB category, and 1.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Thursday, August 16, 2007 |
| BSE Script Code | 532881 |
| NSE Symbol | IVRPRIME |
| Listing In | A Group of Securities |
| ISIN | INE414I01018 |
| IPO Price | ₹550 per equity share |
| Face Value | ₹10 per equity share |
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IVR Prime Urban Developers Ltd
IVR Prime Urban Developers Limited,
M-22/3RT, Vijayanagar Colony,
Hyderabad 500 057, Andhra Pradesh, India.
Phone: (91 40) 2349 5000
Email: investors@ivrprime.com
Website: http://www.ivrprime.com
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: ivrprime.ipo@karvy.com
Website: https://karisma.kfintech.com/
IVR Prime IPO is a main-board IPO of 14,150,000 equity shares of the face value of ₹10 aggregating up to ₹778.25 Crores. The issue is priced at ₹510 to ₹600 per equity share. The minimum order quantity is 10 Shares.
The IPO opens on Jul 23, 2007, and closes on Jul 26, 2007.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The IVR Prime IPO opens on Jul 23, 2007 and closes on Jul 26, 2007.
IVR Prime IPO lot size is 10 Shares and the minimum order quantity is 10 Shares.
You can apply in IVR Prime IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for IVR Prime IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the IVR Prime IPO allotment status.
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