Business Standard

Parsvnath Developers Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

997.14 cr

Price Range (₹)

300

Lot Size

20

Min Investment (₹)

6,000.00

Listing Exchange

MumbaiNSE

Open Date

06-Nov-2006

Close Date

10-Nov-2006

Listing Date

30-Nov-2006

Parsvnath Developers Ltd News

    The Shares of Parsvnath Developers Ltd have now been listed.

    Parsvnath Developers Ltd IPO Details

    Public issue of up to 3,32,38,000 equity shares of Rs. 10 each (equity shares) for cash at a price of Rs.300/- per equity share aggregating Rs.997.14 Crores (the issue), by Parsvnath Developers Limited (PDL, the company or the issuer). There will also be a green shoe option of up to 30,87,800 equity shares to be offered by Parasnath and Associates Private Limited, one of our promoters, for cash at a premium of Rs.290/- per equity share and at a price of Rs.300/- per equity share aggregating Rs.92.63 Crores. The issue and the Green Shoe option, if exercised in full, will aggregate 3,63,25,800 equity shares amounting to Rs.1089.77 Crores. The issue comprises a net issue to the public of up to 3,30,38,000 equity shares (the net issue) and a reservation of up to 2,00,000 equity shares for subscription by employees (as defined herein) (the Employee Reservation Portion), at the issue price. The issue will constitute 18.30% of the fully diluted post-issue equity share capital of our company assuming that the green shoe option is not exercised and 19.67% assuming that the green shoe option is exercised in full.Issue Price : Rs.300 per equity share of face value Rs. 10The issue price is 30 times of the face value.

    Objective of issue

    Exp. on Development & Construction of Projects. General Corporate Purposes.

    Parsvnath Developers Ltd Contact Details

    Parsvnath Developers Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - investors@parsvnath.com

    Website - www.parsvnath.com