Oberoi Realty IPO
Oberoi Realty IPO — date, price band, lot size & details 2010
Oberoi Realty listed on 20 Oct 2010 at ₹271.1, 4.3% above the ₹260 issue price.
Oberoi Realty is a Mumbai real estate developer focused on premium residential, office, retail, hospitality and social infrastructure projects. Its net worth was Rs 923.90 crore in FY2010.
Stock price
Oberoi Realty is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 06 Oct 2010
- Close 08 Oct 2010
- Allotment 15 Oct 2010
- Refund/credit TBA
- Listing 20 Oct 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 6 to 8 Oct, 2010 |
|---|---|
| Price Band | ₹253 – ₹260 |
| Face Value | ₹10 |
| Lot Size | 20 Shares |
| Issue Size | ₹1028.61 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,200 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 20 shares at the ₹260 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹5,200 |
| Retail (max) | 38 | 760 | ₹1,97,600 |
| S-HNI (min) | 39 | 780 | ₹2,02,800 |
| S-HNI (max) | 192 | 3,840 | ₹9,98,400 |
| B-HNI (min) | 193 | 3,860 | ₹10,03,600 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01The group had completed 32 projects covering about 4.979 million sq ft in Mumbai.
- 02It had no borrowing on 31 March 2010 and 30 June 2010.
- 03It had eight ongoing and 19 planned projects across segments.
- 04Net worth was Rs 935.98 crore on 30 June 2010, and the whole Rs 1,028.61 crore issue was fresh money.
Risks · 5
- 01On a standalone basis, total income fell from Rs 167.95 crore in FY2008 to Rs 45.31 crore in FY2010.
- 02Profit after tax on a standalone basis fell from Rs 91.64 crore in FY2008 to Rs 23.77 crore in FY2010.
- 03All its projects are in Mumbai, so it depends on one property market; planned spending on land was Rs 225.00 crore.
- 04Real estate approvals and sales cycles can delay income from its 19 planned projects.
- 05Vikas Oberoi held 89.24% before the issue and 78.14% after it, so he controls the company.
Three years of numbers
All figures in ₹ crore, as reported in the Oberoi Realty offer document.
| Metric | 30 Jun 2010 | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|---|
| Assets | 1,332.93 | 1,236.20 | - | - |
| Total Income | 34.17 | 45.31 | 86.29 | 167.95 |
| Profit After Tax | 12.64 | 23.77 | 44.57 | 91.64 |
| NET Worth | 935.98 | 923.90 | 936.76 | 921.24 |
| Reserves and Surplus | 611.41 | 599.33 | 877.06 | 840.34 |
| Total Borrowing | 0.00 | 0.00 | 10.70 | 29.64 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Oberoi Realty RHP.
Where the money goes
₹1,291.18 Cr of the issue is earmarked to named objects.
Oberoi Realty IPO Anchor Investors
19 anchor investors across 8 fund houses committed ₹185.13 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It is a real estate developer operating in Mumbai and focused on premium developments, with an emphasis on contemporary architecture, strong execution and quality construction.
The group had completed 32 projects covering about 4.979 million sq ft of saleable area in Mumbai. It develops residential, office, retail, hospitality and social infrastructure projects, and had eight ongoing and 19 planned projects.
The IPO was Rs 1,028.61 crore and was entirely fresh issue at Rs 260, the top of the Rs 253 to Rs 260 band. The money was for construction of ongoing projects and buying land or development rights.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Oberoi Realty IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
256 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Morgan Stanley India Co. Pvt. Ltd
36 issues handledBest listing: Nykaa (+79.4%). Weakest: KSK Energy Ventures (-12.5%).
JP Morgan India Pvt. Ltd
41 issues handledBest listing: Premier Energies (+120.0%). Weakest: Nuvoco Vistas Corporation (-14.9%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Oberoi Realty?
The current Grey Market Premium is ₹0.
What is the Oberoi Realty IPO price band?
₹253 to ₹260, on a face value of ₹10.
When is the allotment?
The basis of allotment is 15 October 2010, with listing on 20 October 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
