Incorporated in 1996, IVR Prime Urban Developers Limited, a subsidiary of IVRCL, is a real estate development company focusing on integrated townships, residential developments, and commercial projects, including hotels, retail malls, IT parks and other projects in various parts of India. As on January 23, 2007, our Land Reserves consisted of approximately 2,298.75 acres, representing approximately 56.63 million sq. ft. of Saleable Area, in the cities of Hyderabad, Chennai, Bangalore, Pune and Noida.
IVR Prime Urban Developers has completed development of a built-up area of approximately 2 million sq. ft. consisting of 17 high rise towers with 664 apartments and 125 independent villas. IVR Prime Urban Developers are currently developing approximately 0.77 million sq. ft. retail mall with a multiplex cinema, which will include apparel stores, restaurant outlets and entertainment centres, as well as an IT park consisting of approximately 0.71 million sq. ft. office tower above the retail mall. In addition, we plan to develop a business hotel of approximately 0.50 million sq. ft.
For fiscal 2006 and the six months ending September 30, 2006, the Company had unconsolidated restated total income of Rs. 1,364.25 million and Rs. 691.27 million, respectively, and unconsolidated restated profit after tax of Rs. 117.04 million and Rs. 139.59 million, respectively.
IPO Information :
Public Issue Price: Rs. 510/- to Rs. 600/- Per Equity Share
Public Issue Open : July 23, 2007 to July 26, 2007
Public Issue Type : 100% Book Built Issue (Initial Public Offer IPO )
Public Issue Size: 14,150,000 Equity Share of Rs.10/- each
Market Lot: 10 Shares
Minimum Order Quantity: 10 Shares
Maximum Subscription Amount for Retail Investor: Rs 100,000/-
Listing : BSE, NSE
Lead Manager: Enam Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited
