IPO Synopsis
| Parsvnath Developers Ltd |
|---|
| Registered Office: Parsvnath Metro Tower Shahdara,Near Shahdara Metro Station,Delhi-110032, Delhi |
| Tel. No: 91-11-43010500/43050100 |
| Fax No: 91-11-43050473 |
| Email: investors@parsvnath.com |
| Website: www.parsvnath.com |
| 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. 10 The issue price is 30 times of the face value. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 06-Nov-2006 | 10-Nov-2006 | ₹300.00 - 0.00 | |
| Minimum Application for shares in Nos : 20.0 | Further Multiples of :20.0 |
|---|
| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 0.00 | DSP Merrill Lynch Ltd |
| Project Financed through Current Offer | 997.14 | Enam Financial Consultants Pvt Ltd |
| Post Issue Equity Share Capital | 181.61 | JM Morgan Stanley Pvt Ltd |
| Issue Price | 300.00 |
| Projects |
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| Exp. on Development & Construction of Projects |
| General Corporate Purposes |
| Promoted By |
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| Pradeep Kumar Jain |
| Nutan Jain |
| Pradeep Kumar Jain & Sons(HUF) |
| Listing At |
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| BSE |
| NSE |
| Registrar To The Issue |
|---|
