Kolte-Patil Developers Limited IPO (Kolte Patil Developers IPO) Detail

Nov 19, 2007 - Nov 22, 2007

Incorporated in 1991, Kolte-Patil Developers Limited is a relatively small Pune based real estate development company. As of last year company has developed 25 projects, 22 in Pune and 3 in Bangalore which includes 2 IT Parks. Company has 28 ongoing projects in Pune and Bangalore; 23 are residential and 5 are commercial, IT Parks.

Company is ISO 9001 certified and received the Government of Maharashtra’s First Prize for “Best IT Infrastructure in the State of Maharashtra” for our GigaSpace IT Park project in Viman Nagar, Pune.

For 3 of its big projects in Pune company has joint venture with ICICI Venture. ICICI Venture has provided financing for these projects. Company has identified and acquired lands, invested equity, designed and conceptualized the projects and served as project manager and developer for these projects.

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. Finance land acquisition;
2. Finance the construction and development costs for some of the proposed projects;
3. Fund expenditures for general corporate purposes.

Kolte Patil Developers IPO Details

IPO DateNov 19, 2007 - Nov 22, 2007
Issue TypeBook Built Issue IPO
Issue Size19,000,836 Eq Shares of ₹10
(aggregating up to ₹275.51 Cr)
Face Value₹10 Per Equity Share
IPO Price₹125 to ₹145 Per Equity Share
Market Lot40 Shares
Min Order Quantity40 Shares
Listing AtBSE, NSE

Kolte Patil Developers IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

IPO Notices

External Link

Withdrawal Option to Investors:
Update 1 (Posted on November 25, 2007)
Kolte-Patil Developers Limited has received a notice from SEBI about allegations made by Mr. C.V.L. Sastry with respect to the project Whispering Meadows II and the related disclosures in the Red Herring Prospectus. Investors can expect a significant delay in Kolte-Patil IPO Allotment and listing as we saw in the case of Dhanus Technologies Limited IPO.

Update 2 (Posted on November 27, 2007)
After few allegations made by Mr. C.V.L. Sastry on November 16, 2007, Today November 27, Kolte-Patil Developers Limited has received a notice from SEBI to allow investors to withdraw their application by December 4. Individual letters are posted to all subscribers of this public issue. Investors should receive these letters in next few days. More information about withdrawal process will be provided in that letter.

Last date for receipt of withdrawal: December 4, 2007

Kolte Patil Developers IPO Subscription Status (Bidding Detail)

Kolte Patil Developers IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time







Shares Offered







Nov 22, 2007 17:00






Kolte Patil Developers IPO Rating

Rating:Rated 3.6 stars

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Kolte Patil Developers IPO Listing Date

Listing DateThursday, December 13, 2007
BSE Script Code532924
Listing InB1
IPO Price₹145 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

IPO Price
Last Trade

Kolte Patil Developers IPO Reviews / Ratings

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Company Contact Information

Kolte-Patil Developers Limited
2nd Floor, City Point,
Dhole Patil Road,
Pune 411 001 Maharashtra, India

Phone: +91 20 2605 3700
Email: investorrelation@koltepatil.com
Website: http://www.koltepatil.com

Kolte Patil Developers IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: bigshare@bom7.vsnl.net.in
Website: http://www.bigshareonline.com

Kolte Patil Developers IPO FAQs

  1. 1. What is Kolte Patil Developers IPO?

    Kolte Patil Developers IPO is a main-board IPO of 19,000,836 equity shares of the face value of ₹10 aggregating up to ₹275.51 Crores.

    The issue price of the IPO is ₹125 to ₹145 Per Equity Share. The minimum order quantity is 40 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Nov 19, 2007 and closes on Nov 22, 2007.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Kolte Patil Developers IPO will open?

    The Kolte Patil Developers IPO opens on Nov 19, 2007 and closes on Nov 22, 2007.

  3. 3. How to apply for Kolte Patil Developers IPO?

    Kolte Patil Developers IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Kolte Patil Developers IPO allotment?

    The finalization of Basis of Allotment for Kolte Patil Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Kolte Patil Developers IPO allotment status.

  5. 5. When is Kolte Patil Developers IPO listing date?

    The Kolte Patil Developers IPO listing date is on Thursday, December 13, 2007, at BSE, NSE.
  6. 6. What is the lot size of Kolte Patil Developers IPO?

    Kolte Patil Developers IPO lot size is 40 Shares and the minimum order quantity is 40 Shares.

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Kolte Patil Developers IPO Review / Comments

924. Siddhesh  Jan 18, 2008 00:32
Not received refund - when can I expect the same? Anyone else got the refund yet?
923. Ashish  Jan 4, 2008 08:44
I have also not got my refund. Mail on site is not working and no one picks the phone. Any updates from others? Any one in same category, able to reach BigShare?
922. ANIL DHOOT  Jan 2, 2008 14:51
mr. atul please call on 40430200 & Ext.No.224 For kolte Patil Eqry.
921. Sanju  Jan 1, 2008 16:06
Limited upside. If you had read my earlier post, I had purchased 3000 shares as 183 level on the day it listed and sold 3000 + 44 (IPO alloted) at 265 level, as there is hardly any value left post 240 levels. The markets will go in turmoil with huge corrections in early 2008 due to elections, US economic concerns, yen carry trade, etc. Book profit now. Wait for 190 levels and then think of reentering.

Good Luck
920. jagan  Jan 1, 2008 14:25
919. AJAY GUPTA  Dec 28, 2007 10:42
I have applied on line IPO for Rs 29000.00 however no share was allotted and neither till date have i received the refund order.
May i request to advise and take the matter with the concerned defaulters.
Mobile: 9463713822

DP: HDFC Bank Ltd
918. Atul  Dec 26, 2007 08:20
I have not received the refund still. The email for bigshare on the blog does not work!! nobody is answering the phone given for enquiry on bigshare's website.. Please help
strong buy
917. strong buy  Dec 21, 2007 17:38
300+ target with in 3month.huge property in pune
916. Sanju  Dec 21, 2007 08:07
You should have already received shares and refund by now. Those who didn't receive the shares/refund, first check with your demat service provider. Incase they can't help, contact the registrar

Bigshare Services Pvt Ltd (Ph: +91 22 2847 3747/3474 Email: bigshare@bom7.vsnl.net.in)
915. ANIL RATHI  Dec 18, 2007 12:57
Hello ,

I didn't receive my refund for Kolate patil IPO.
Are they going to send a check or deposit back in bank account...
Please advise...

Thanks and Regards,
914. Madhav  Dec 18, 2007 08:18
Hello ,

I didn't receive my refund for Kolate patil IPO.
Are they going to send a check or deposit back in bank account...
Please advise...

Thanks and Regards,
913. Anil.dryadav  Dec 17, 2007 11:17
Congo sanju CMP of Kolte is 248.70 now
912. Sanju  Dec 16, 2007 14:47
Was alloted 44 shares. Bought 3000 more at 183
Target: 359 by end jan 2008
911. Ramprasad  Dec 16, 2007 12:35
till now,i have not received the refund,what is the procedure to be followed after this?
910. Ashee  Dec 16, 2007 10:18

I too applied for kolte Patel and I haven't received single share inspite of applying 500 shares and not received refund I applied thr ICICI , its almost one month my funds are blocked. can anyone suggest me what I can do ?

909. aaamit  Dec 16, 2007 10:04
Miss Tanushree on ur comments i had bought kolte patil n m very happy.great job keep it up n let people speak plz guide in future n how much time should i hold it.thanks a lot.plz be in touch with chittorgarh. plz reply if possible
908. sandy  Dec 16, 2007 08:26
Hiiii guys,

I couldn't purchase it buy IPO but i bought it at the level of 184.50 from secondry market.

Do u have any idea what level we can see in this coming week
907. Harsh  Dec 14, 2007 18:24
HI, Is there any other discussion form also for day trading as this one is for IPO.. Do let me knw
906. Imran  Dec 14, 2007 17:09
I agree Ashish. I am holding 80 shares. I want 20 shares of this But at which rate I should purchase this share.
905. nj  Dec 14, 2007 16:27
i did nt get my refund yet.............

plz suggest wat shud i do........

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