Kolte Patil Developers Ltd IPO to hit markets on November 19, 2007

The Initial Public Offering (IPO) of Kolte Patil Developers Ltd opens for subscription on November 19, 2007 and closes for subscription on November 22, 2007. The company is coming out with an IPO of 19000836 Equity Shares of Rs 10 each for cash at a price band of Rs 125 to Rs 145 through 100% Book Building process.

The issue comprises a net issue to the public of up to 18,812,709 equity shares and a reservation of up to 188,127 equity shares for subscription by employees. The issue will constitute 25.25% and the net issue will constitute 25% of the post issue paid up equity share capital of the company.

The Equity Shares offered through this public issue are proposed to be listed on the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE").

Bigshare Services Pvt Limited is the registrar to the issue.

DSP Merrill Lynch Limited and Edelweiss Capital Limited are the Book Running Lead Manager to the issue.

Click Here to view Kolte Patil Developers Ltd Website.

Click Here to view Kolte Patil Developers Ltd IPO Prospectus.

Source : Equity Bulls

Keywords