Parsvnath Developers IPO
Parsvnath Developers IPO — date, price band, lot size & details 2006
Parsvnath Developers listed on 30 Nov 2006 at ₹456.7, 52.2% above the ₹300 issue price.
Parsvnath Developers is a real estate developer of housing, townships, malls and offices, with projects in 41 cities across 14 states. Its total income was Rs 653.77 crore in FY2006.
Stock price
Parsvnath Developers 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 12 November.
- Open 06 Nov 2006
- Close 10 Nov 2006
- Allotment 23 Nov 2006
- Refund/credit TBA
- Listing 30 Nov 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 6 to 10 Nov, 2006 |
|---|---|
| Price Band | ₹250 – ₹300 |
| Face Value | ₹10 |
| Lot Size | 20 Shares |
| Issue Size | ₹1089.77 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,000 |
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 ₹300 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹6,000 |
| Retail (max) | 33 | 660 | ₹1,98,000 |
| S-HNI (min) | 34 | 680 | ₹2,04,000 |
| S-HNI (max) | 166 | 3,320 | ₹9,96,000 |
| B-HNI (min) | 167 | 3,340 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It held development rights for about 108.64 million square feet across 41 cities.
- 02Total income rose from Rs 112.95 crore in FY2004 to Rs 653.77 crore in FY2006.
- 03Profit after tax rose from Rs 18.41 crore in FY2004 to Rs 106.99 crore in FY2006.
- 04Net worth rose from Rs 37.78 crore in FY2004 to Rs 237.70 crore on 30 June 2006.
Risks · 5
- 01Real estate demand and prices are cyclical, and its 108.64 million square feet of rights tied up large sums.
- 02Total assets rose from Rs 165.69 crore in FY2004 to Rs 1,178.09 crore on 30 June 2006, a very fast build-up.
- 03Projects need many approvals and can be delayed; profit was Rs 36.55 crore in the June 2006 quarter.
- 04The issue was large at Rs 1,089.77 crore next to its net worth of Rs 237.70 crore.
- 05Promoter group holding fell from 100% before the issue to 81.70% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Parsvnath Developers offer document.
| Metric | 30 Jun 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Assets | 1,178.09 | 949.64 | 558.53 | 165.69 |
| Total Income | 249.02 | 653.77 | 306.85 | 112.95 |
| Profit After Tax | 36.55 | 106.99 | 65.67 | 18.41 |
| NET Worth | 237.70 | 201.15 | 101.57 | 37.78 |
| Reserves and Surplus | 138.78 | 102.24 | 93.35 | 29.57 |
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 Parsvnath Developers RHP.
Where the money goes
How the company intends to use the proceeds of the issue.
About the company
It began as a marketing company for real estate projects and started building residential projects in 1990. It now builds most of its projects itself.
It described itself as one of the leading real estate developers in India, with operations in 41 cities and 14 states. As of 15 October 2006 it owned or held development rights for about 108.64 million square feet of saleable area.
The IPO was Rs 1,089.77 crore and was entirely a fresh issue at Rs 300, the top of the Rs 250 to Rs 300 band. The money was for developing and building its projects and general purposes.
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.
Parsvnath Developers 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
260 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Bofa Securities India Limited
64 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
JM Morgan Stanley Pvt. Ltd
22 issues handledBest listing: Infrastructure Development Finance Co (+76.5%). Weakest: House of Pearl Fashions (-9.1%).
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 Parsvnath Developers?
The current Grey Market Premium is ₹0.
What is the Parsvnath Developers IPO price band?
₹250 to ₹300, on a face value of ₹10.
When is the allotment?
The basis of allotment is 23 November 2006, with listing on 30 November 2006.
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.
