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Puravankara Projects Limited IPO (Puravankara IPO) Detail

Jul 31, 2007 - Aug 8, 2007

Incorporated in 1986, Puravankara Projects Limited is one of the leading real estate development companies in India. Puravankara operations span all aspects of real estate development, from the identification and acquisition of land, to the planning and execution and marketing of the projects.

The residential properties that Puravankara develop consist of apartment complexes, villas and townhouses. Puravankara's commercial projects include retail and office premises.

Puravankara's projects are spread over Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Colombo and the United Arab Emirates ("U.A.E"). Puravankara have completed 12 residential projects and one commercial project covering approximately 3.18 million sq.ft of Saleable Area. Puravankara currently have 12 residential projects and one commercial project under construction covering approximately 10.45 million sq ft. of Developable Area or 10.02 million sq ft. of saleable Area. As of December 15, 2006, Puravankara's Land Assets aggregate approximately 31.07 million sq. ft.

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. Repay certain loans of the Company.

Puravankara IPO Details

Issue OpenJul 31, 2007 - Aug 8, 2007
Issue TypeBook Built Issue IPO
Issue Size21,467,610 Eq Shares of ₹10
(aggregating up to ₹858.70 Cr)
Face Value₹10 Per Equity Share
Issue Price₹400 - ₹450 Per Equity Share
Market Lot10 Shares
Min Order Quantity10 Shares
Listing AtBSE, NSE

Puravankara IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum110₹4,500
Maximum44440₹198,000

IPO Notices

External Link

Revision in Puravankara Projects Ltd. Book Building Issue: Book Running Lead Manager to the issue has informed the Exchange that the issue will close on August 8, 2007 instead of the earlier closing day of August 3, 2007. Further price band has revised from Rs.500/- to 525/- per share to Rs.400/- to Rs.450/- per share.

Puravankara IPO Subscription Status (Bidding Detail)

Puravankara IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Aug 8, 2007 17:00

2.69x

0.99x

0.64x

1.91x

Puravankara IPO Prospectus

Puravankara IPO Rating

203
3.4
Rating:Rated 3.4 stars

Vote Here ...

Puravankara IPO Listing Date

Listing DateThursday, August 30, 2007
BSE Script Code532891
NSE SymbolPURVA
Listing InA
ISININE323I01011
Issue Price₹400 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹400.00
₹399.00
₹357.55
₹399.00
₹361.75
7,123,406
NSE
₹400.00
₹310.00
₹310.00
₹390.00
₹362.30
10,838,266

Puravankara IPO Reviews / Ratings

SP Tulsian - Avoid.
Business Line - Invest at cut-off.
Keynote Capitals - Subscribe with a medium term view.

Company Contact Information

Puravankara Projects Limited
No. 227, S.V. Road,
Bandra (West),
Mumbai 400 050, India

Phone: (91 22) 2642 9387
Email: investors@puravankara.com
Website: http://www.puravankara.com/

Puravankara IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: puravankara.ipo@intimespectrum.com
Website: http://www.linkintime.co.in

Puravankara IPO FAQs

  1. 1. What is Puravankara IPO?

    Puravankara IPO is an main-board initial public offering of 21,467,610 equity shares of the face value of ₹10 aggregating up to ₹858.70 Crores.

    The issue price of the IPO is ₹400 - ₹450 Per Equity Share. The minimum order quantity is 10 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Jul 31, 2007 and closes on Aug 8, 2007.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Puravankara IPO will open?

    The Puravankara IPO opens on Jul 31, 2007 and closes on Aug 8, 2007.

  3. 3. How to apply for Puravankara IPO?

    Puravankara 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 Puravankara IPO allotment?

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

  5. 5. When is Puravankara IPO listing date?

    The Puravankara IPO listing date is on Thursday, August 30, 2007, at BSE, NSE.

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Puravankara IPO Review / Comments

mac
219. mac  Sep 12, 2007 17:59 I Like It. | Report Abuse
Dear TB
You have so much knowledge of Construction stock. I have parsvanath dev @300 rs. How far it can go in one year?
raghu
218. raghu  Aug 30, 2007 17:49 I Like It. | Report Abuse
Buy Puravankara Projects closer to Rs 350 (2007-08-30 12:09:35 Source : Moneycontrol)

Ambareesh Baliga of Karvy Stock Broking is of the view that closer to Rs 350 Puravankara Projects is a decent buy.

Baliga told CNBC-TV18, "This was anyway expected that Puravankara Projects would open below the issue price, but closer to Rs 350 levels it’s a decent buy. Fundamentally, it is fairly priced at around Rs 375-400, so if one is getting at Rs 350, I think one should be able to get at least Rs 50-60 and at the same time if it falls to those levels I am sure there will be some sort of a bounce back."

He further added, "If it remains in this range for a while and if it dips to around Rs 370 or so I think there would some amount of panic selling by those people who have applied in the IPO hoping that they will get around Rs 20-25 on listing because they have reduced their issue price from more than Rs 500 to Rs 400. People thought that possibly on listing they might get Rs 25 to Rs 50. Since they are seeing that this is not happening possibly that desperate selling at that Rs 370 levels can bring it down to Rs 350."
Shankar
217. Shankar  Aug 30, 2007 17:37 I Like It. | Report Abuse
Dear friends no one can time/predict the stock market with certainity. So there is no question of Tanushree/IPO king apologising. What we knew for sure:
1. Puravankara will list at discount.
2. How low we will know in next 7-10 days
TB
216. TB  Aug 30, 2007 16:55 I Like It. | Report Abuse
We need apology from IPOKING as tanushree was close to target as purvanakara listed at 310 vs issue price of 400.


@ TANUSHREE
@ IPO KING

I think only Purvankara listing figure can resolve your differences. If its above 400, Ipo king will be correct and if its around 280, Tanu will be on the mark. In either case, all boarders will be happy to see an apology message from the one on wrong footings.

regards.
TB
215. TB  Aug 30, 2007 10:54 I Like It. | Report Abuse
Puravankara debuts 22.5% below issue price
Puravankara Projects, south based real estate player, has listed with discount of 22.5% at Rs 310 as against its issue price of Rs 400 and remained below that issue price, which was expected by all analysts due to poor sentiment during its issue period and despite positive trend in markets.

The stock was trading at Rs 373.90, down 6.53%, with volumes of 12,65,500 shaers. It has touched a high/low of Rs 390 and Rs 310, respectively, at 10:02 am on the NSE. The turnover stood at Rs 46.96 crore.

On the BSE, it was quoting at Rs 368.90, with volumes of 6,03,247 shares. It has hit a high/low of Rs 399 and Rs 362.60.

The stock has started trading in F&O segment; futures lot size 500 shares; options strike prices between Rs 100-700.

The company had entered capital market with an initial public offering (IPO) of 21,467,610 equity shares of Rs 5 each for cash at a price band of Rs 400-450, which had revised by the company from Rs 500- 525 per share. The issue was subscribed 1.91 times.


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prasad
214. prasad  Aug 30, 2007 10:09 I Like It. | Report Abuse
sell once you break even at 400. Market is on a high now and quite volatile, when it crashes it will again come back to 350 level
S.K.T
213. S.K.T  Aug 30, 2007 09:52 I Like It. | Report Abuse
IT WILL LIST ABOVE 440 ........ITS IN F & O PPL WILLSHORT & GET TRAP SO DONT SELL....BELOW 460 LEVELS.
BEST OF LUCK
Vikram
212. Vikram  Aug 30, 2007 07:00 I Like It. | Report Abuse
R S Iyer of KR Chokesy Securities said, "Puravankara Projects is expected to list below its issue price of Rs 400 or on the same lines of IVR Prime. Investors, who got shares in allotment, should hold till Rs 450 and then sold above that level."

According to Investment Advisor, S P Tulsian, "Purvankara Projects is likely to list at Rs 380 and may settle at around Rs 360 levels. If it goes above Rs 410, profit booking is advised, while buying is advised at Rs 350 levels."

"The issue is expected to list below issue price. Going by its capabilities, upcoming projects, execution, profitability, strong land Bank and keeping in mind the real estate boom, we advice the investors to book profits above Rs 410", said Meghna Doshi, Arihant Capital Market.
bhim
211. bhim  Aug 30, 2007 02:11 I Like It. | Report Abuse
take my word for it will list around 390 will move not more then 410 & it will settle around 380 to 385 till market close -thank you
TB
210. TB  Aug 30, 2007 01:05 I Like It. | Report Abuse
Hi Guys I have 100% proof according to technical charts purvankara correct price comes to 180 let me tell u how.
market cap of parsvnath and sobha comes at 5500 crores and purvankara accoring to 400 rs issue price has charged 8500 crore market cap and purvankara even if i think is in competiotion with parsvnath with 5500 crore market cap price comes to 250 rs wherae with akruti nirmaan market cap 3500 crores its correct price comes at 180 so tomm will be bloodbath for purvankara .GUYS REMEBER DONT EVEN BUY AT 250

BSE - All Groups 29 Aug 17:30
Company Name Last Price % Chg 52 wk
High 52 wk
Low Market Cap
(Rs. cr)
DLF 595.75 1.53 714.25 505.60 101,566.44
Unitech 498.10 -0.87 623.60 187.00 40,430.78
GMR Infra 824.35 3.40 1,005.00 205.00 27,292.58
Jaiprakash Asso 913.70 0.41 932.45 405.50 20,031.96
HDIL 540.70 -0.23 633.45 473.50 11,585.58
Purvankara 400.00 0.00 400.00 400.00 8,536.97
Lanco Infratech 299.40 5.42 302.00 137.00 6,657.46
Omaxe 323.45 0.84 410.00 263.00 5,587.60
Sobha Developer 760.65 0.73 5545 crore
Akruti Nirmaan 3500 crores

tb
209. tb  Aug 30, 2007 00:08 I Like It. | Report Abuse
ivr prime issue price 550 cmp 382 30% discount even though 5 times oversubscribed purvankara issue price 400 with around 30% discount comes to price of around 280-290 so willist there or may be below that.
tb
208. tb  Aug 29, 2007 23:40 I Like It. | Report Abuse
Purvankara to list at around 330 will move in range of 280-345 whole day. sell on listing if u r lucky to sell it at
330 as this stock will go to 180-200 in few days.
parsvnath is trading at 294 with face vaule of 10
so ideally purvankara should list at 200 with face value of 5 rs as and even below that because it is much smaller compared to parsvnath. sell between 300-330 if u r lucky enough
Chandu
207. Chandu  Aug 29, 2007 22:23 I Like It. | Report Abuse
PURVA will list around 410 and it will go upto 450 tomorrow.Sensex will be up by 300 points tomorrow. its my guess. what do you say???
chandu
Akkbatra
206. Akkbatra  Aug 29, 2007 21:15 I Like It. | Report Abuse
@ satu,

if it lists at 440-450, it will prove blessing in disguise. LUCK FAVOURS THOSE WHO DARE.

@ TANU & IPOKING,

I am missing you both on the eve of purvankara listing.

my opinion - Indian market to witness rally tomorrow as US indices are high. Decoupling has happened today of Indian market from US and West markets. One can expect new highs soon and probably 16k peak before Diwali. So why to sell any scrip now, including purvankara even if it lists low ? Disclaimer - i hold 220 purvankara shares.

Regards.

Akkbatra.
vaneet
205. vaneet  Aug 29, 2007 21:02 I Like It. | Report Abuse
Very pity on those who still beleive that it wud list at 440. i bet it will list below 320 and will touch 250 in 2-3 days
satu
204. satu  Aug 29, 2007 20:17 I Like It. | Report Abuse
puravankara is expected to list between 440-450
VENSOM
203. VENSOM  Aug 28, 2007 21:26 I Like It. | Report Abuse
Puravankara LISTING ON 30 AUG
TRT
202. TRT  Aug 28, 2007 17:12 I Like It. | Report Abuse
Can anyone aware when the Purva is coming for listing in market?
sen
201. sen  Aug 28, 2007 16:33 I Like It. | Report Abuse
Hi Santosh,
I got my refund thru ECS. within couple of days, that should be available in your account! this may not happen like CBI ipo.
SANTOSH
200. SANTOSH  Aug 28, 2007 15:41 I Like It. | Report Abuse
I have applied in IPO of Purvankara through ICICI DIRECT but did not received the refund. If someone can advise how they are sending Refund ? Either Through ECS or Refund Cheque ?



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