Wednesday, November 7, 2007

Kolte-Patil Developers IPO Opening on Nov 19

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 entering the capital markets with an initial public offering, IPO of 18,812,709 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 125/- at lower level and Rs. 145/- at upper level for equity share of Rs. 10/-. The issue opens on Nov 19, 2007, and closes for subscription on Nov 22, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Click here for more information about Kolte-Patil Developers Limited IPO, Kolte-Patil IPO Allotment Status, Kolte Patil IPO discussions, Kolte-Patil Dev IPO reviews, Kolte Patil IPO News and Kolte Patil IPO Listing Date.