IVR Prime Urban Developers Ltd IPO (IVR Prime IPO) Detail

Jul 23, 2007 - Jul 26, 2007

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.

Objects of the Issue

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.

IVR Prime IPO Details

IPO Date Jul 23, 2007 to Jul 26, 2007
Listing Date Thursday, August 16, 2007
Face Value ₹10 per share
Price ₹510 to ₹600 per share
Lot Size 10 Shares
Issue Size14,150,000 shares of ₹10
(aggregating up to ₹778.25 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

IVR Prime IPO Lot Size

The IVR Prime IPO 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
Retail (Min) 1 10 ₹6,000
Retail (Max) 33 330 ₹198,000

IVR Prime IPO Subscription Status (Bidding Detail)

The IVR Prime IPO is subscribed 5.75 times on Jul 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)

CategorySubscription (times)

IVR Prime IPO Prospectus

IVR Prime IPO Rating

Rating:Rated 3.8 stars
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IVR Prime IPO Listing Date

Listing Date Thursday, August 16, 2007
BSE Script Code 532881
Listing In A Group of Securities
ISIN INE414I01018
IPO Price ₹550 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

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

IVR Prime IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000

IVR Prime IPO Review

IVR Prime IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 2
Members 0 0 0

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IPO Broker Recommendations

  • Business Line - Avoid
  • Keynote Capitals Ltd - Apply
  • S P Tulsian - Avoid


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 share. The minimum order quantity is 10 Shares.

The IPO opens on Jul 23, 2007, and closes on Jul 26, 2007.

KFin Technologies 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 .

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.

The IVR Prime IPO listing date is on Thursday, August 16, 2007.
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IVR Prime IPO Message Board

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123. ashis |   Link |Nov 24, 2007 9:48:10 PM
what is the future for IVR, i am having it's shares
122. Ckshah |   Link |Oct 1, 2007 5:46:09 PM
Top Contributor Top Contributor (200+ Posts)
I want to invest in walchandnagar scrip. But i am little afraid about its dramatic growth i.e. 10 times in 1 year only. so what is the future about it ? and the rumour is that it cross 10000 rs. during diwali time and also rumour of spilt in 1 :12 . please suggest me and clarify my doughts
121. Abdul |   Link |Sep 29, 2007 2:50:41 AM
I was alloted 23 shares and the shares were listed at 400 and later on when it came to 390 i bought 23 shares more and when it went again down to 370 i bought again 23 share. Now its playing around 450, so average i have gained 3000 rupees. i suggest you to buy this if it goes down to 410.
120. kanaiyalal b.shah |   Link |Aug 29, 2007 10:32:46 AM
i alloted ten share of ivr prime,but not refund of remaining rs.500/-,so plz send my due demat a/c no:10828049,dp id 302269.
119. Riya G |   Link |Aug 25, 2007 5:16:24 PM
thats good Mr. Nitin Kumar Jain.
what do u say about the upcoming IPOs & the market?
118. Nitin Kumar Jain |   Link |Aug 22, 2007 10:28:44 PM
hi friends,
Mark my words, see message no. 24,
i said its very exp. ipo,
no need to invest.
117. pravin |   Link |Aug 18, 2007 6:30:47 PM
hi,it is good to buy now it will reach 700
116. tanushri |   Link |Aug 16, 2007 9:55:43 PM
I think instead of averaging out with this stock, it better to buy RIL, L&T or BHEL.
(Disclosure: I have BHEL,L&T & NTPC in my portfolio).
115. Shruti |   Link |Aug 16, 2007 9:21:17 PM
BSE will touch 11223 and NSE wil touch 2738 before 21st August 2007.

114. KHAN |   Link |Aug 16, 2007 3:32:27 PM
HI RAJ, what do u say about ivr. i got 10 shares. what to do , i was thinking to average out stock and quit . give yr views.
113. raj |   Link |Aug 16, 2007 10:41:38 AM
listing will be around 500 but will go down up to 350 remember 350 within one month target is Rs. 200
112. Vikram |   Link |Aug 16, 2007 1:05:01 AM
Dalal Street Review:

IVR Prime Urban Developers will list on the stock exchange on August-16th, Thursday. We had recommended to avoid the issue. In spite of our recommendation if you have applied, then surely you have been alloted because of the poor response.

The stock may list above the offer price of Rs 550 but it is expected to close below the offer price. We advise to book profits ASAP.
111. Vikram |   Link |Aug 15, 2007 9:36:23 AM
Analysts told that investors should book profits in IVR Prime on listing day and buy below Rs 500.

R S Iyer of KR Choksey Securities says, "IVR Prime may list at around Rs 575-600. Investors, those who got allotment, will get opportunity to exit the stock. Don't hold the stock for long."

According to Investment Advisor, S P Tulsian, "IVR Prime Urban Developers is likely to list below its issue price of Rs 550 on Thursday. Profit booking is advised above Rs 550, while buying is advised below Rs 500."
110. MARKET ANALYST |   Link |Aug 14, 2007 5:21:00 PM
109. Raj |   Link |Aug 14, 2007 5:07:25 PM
It will list around Rs. 400 remember 400 however HOLD it for Long term 3-5 year will reach 1000
108. Shankar |   Link |Aug 14, 2007 4:20:19 PM
It will list at a discount. If you hold it for medium-long term you can have gains. If you are a short term trader...sell when market is going up.
107. krish |   Link |Aug 14, 2007 1:58:54 PM
What guys what do u suggest it will be listed on discount or at par or above issue price .
106. murali |   Link |Aug 14, 2007 11:56:43 AM
hi i am yet to get the refund amount for omaxe omnitech zylog & ivr prime whom/where i have to contact
105. SHARD MEHTA |   Link |Aug 14, 2007 9:54:59 AM
104. azher |   Link |Aug 13, 2007 7:50:11 PM
thank you shanker for your help what price do you think it will list in