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

Kolte Patil Developers IPO Date Nov 19, 2007 to Nov 22, 2007
Kolte Patil Developers IPO Face Value ₹10 per share
Kolte Patil Developers IPO Price ₹125 to ₹145 per share
Kolte Patil Developers IPO Lot Size 40 Shares
Issue Size19,000,836 shares of ₹10
(aggregating up to ₹275.51 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Kolte Patil Developers IPO Lot Size

The Kolte Patil Developers IPO lot size is 40 shares. A retail-individual investor can apply for up to 34 lots (1360 shares or ₹197,200).

Application Lots Shares Amount
Minimum 1 40 ₹5,800
Maximum 34 1360 ₹197,200

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)

The Kolte Patil Developers IPO is subscribed 46.18 times on Nov 22, 2007 5:00:00 PM. The public issue subscribed 16.58 times in the retail category, 60.97 times in the QIB category, and 68.81 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Kolte Patil Developers IPO Rating

Rating:Rated 3.6 stars
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Kolte Patil Developers IPO Listing Date

Listing Date Thursday, December 13, 2007
BSE Script Code 532924
Listing In B1 Group of Securities
ISIN INE094I01018
IPO Price ₹145 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Kolte-Patil Developers Limited
2nd Floor, City Point,
Dhole Patil Road,
Pune 411 001 Maharashtra, India
Phone: +91 20 2605 3700

Kolte Patil Developers IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Kolte Patil Developers IPO Review

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IPO Broker Recommendations

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  • S P Tulsian - Apply

Kolte Patil Developers IPO FAQs

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 is priced at ₹125 to ₹145 per share. The minimum order quantity is 40 Shares.

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.

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

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

You can apply in Kolte Patil Developers 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 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.

The Kolte Patil Developers IPO listing date is on Thursday, December 13, 2007.
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Kolte Patil Developers IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



924. Siddhesh |   Link |Jan 18, 2008 12:32:25 AM
Not received refund - when can I expect the same? Anyone else got the refund yet?
923. Ashish |   Link |Jan 4, 2008 8:44:01 AM
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 |   Link |Jan 2, 2008 2:51:45 PM
mr. atul please call on 40430200 & Ext.No.224 For kolte Patil Eqry.
921. Sanju |   Link |Jan 1, 2008 4:06:49 PM
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 |   Link |Jan 1, 2008 2:25:09 PM
919. AJAY GUPTA |   Link |Dec 28, 2007 10:42:39 AM
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 |   Link |Dec 26, 2007 8:20:08 AM
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
917. strong buy |   Link |Dec 21, 2007 5:38:44 PM
300+ target with in 3month.huge property in pune
916. Sanju |   Link |Dec 21, 2007 8:07:35 AM
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:
915. ANIL RATHI |   Link |Dec 18, 2007 12:57:11 PM
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 |   Link |Dec 18, 2007 8:18:41 AM
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 |   Link |Dec 17, 2007 11:17:51 AM
Congo sanju CMP of Kolte is 248.70 now
912. Sanju |   Link |Dec 16, 2007 2:47:56 PM
Was alloted 44 shares. Bought 3000 more at 183
Target: 359 by end jan 2008
911. Ramprasad |   Link |Dec 16, 2007 12:35:08 PM
till now,i have not received the refund,what is the procedure to be followed after this?
910. Ashee |   Link |Dec 16, 2007 10:18:37 AM

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 |   Link |Dec 16, 2007 10:04:26 AM
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 |   Link |Dec 16, 2007 8:26:58 AM
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 |   Link |Dec 14, 2007 6:24:03 PM
HI, Is there any other discussion form also for day trading as this one is for IPO.. Do let me knw
906. Imran |   Link |Dec 14, 2007 5:09:45 PM
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 |   Link |Dec 14, 2007 4:27:39 PM
i did nt get my refund yet.............

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