Kolte Patil

By Research Desk
about 12 years ago
Kolte Patil

 

Kolte-Patil Developers (KPDL) has filed its DRHP with SEBI way back on 7TH Feb 2007, and is still awaiting the green signal.

 

This Pune based realtor is planning an IPO, through the book building process, an issue of 1.9 crore equity shares of Rs 10 each for cash at a  price to be determined later,  comprising a net issue of 1.8 crore shares to the public. The total issue will constitute 25.25 per cent of the company's post-issue paid-up capital.

 

It proposes to list its shares on the NSE and BSE. The BRLMs to the issue are DSP Merrill Lynch Ltd and Edelweiss Capital Ltd.

 

The issue is being made to finance land acquisition, construction and development costs for some of the proposed projects.

 

KPDL is developing 28 projects to generate over 14.58 million sq. ft of saleable area in Pune and Bangalore, and 20.53 million sq ft in and around Pune and Panvel.

 

The company's income for the 2005-06 fiscal was Rs 55.10 crore, net profit stood at Rs 2.8 crore, while the earnings per share was at Rs 1.02.


As of December 31, 2006, it had developed and constructed 25 projects, including 22 in Pune and 3 in Bangalore - covering a total of approximately 3.67 million sq ft of saleable area.
 

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