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IPO REPORT on |
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OBEROI REALTY LIMITED |
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INFORMATION RELATING TO ISSUE |
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ISSUE OPEN |
6. Oct. 2010 |
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ISSUE CLOSE |
8. Oct. 2010 |
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ISSUE SIZE |
3,95,62,000 equity shares |
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ISSUE TYPE |
100% Book Building |
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FACE VALUE |
Rs.10/- |
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PRICE RANGE |
Rs 253 to Rs 260 |
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TICK SIZE |
Re.1/- |
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MARKET LOT |
20 Equity Shares |
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MINIMUM ORDER QTY |
20 Equity Shares |
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MAXIMUM SUBSCRIPTION AMOUNT FOR RETAIL INVESTOR |
Rs.100000 |
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LISTING ON STOCK EXCHANGES |
Mumbai, NSE |
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OTHER INFORMATIONS |
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IPO GRADING |
IPO Grade 4 |
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RATING AGENCY |
CRISIL |
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BOOK RUNNING LEAD MANAGERS |
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Enam Securities Private Limited and Morgan Stanley India Company Private Limited |
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SYNDICATE MEMBER |
Kotak Securities Limited |
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NAME OF THE REGISTRAR |
Link Intime India Private Limited |
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ADDRESS OF THE REGISTRAR |
C-13, Pannalal Silk Mills Compound,L.B.S. Marg, Bhandup (West),Mumbai 400 078,Maharashtra, India |
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COMPANY'S BACKGROUND |
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The Company was incorporated in Mumbai as Kingston Properties Private Limited on May 8, 1998 under the Companies Act. Pursuant to a circular resolution passed by the Directors dated October 12, 2009, ratified by the Directors on December 4, 2009 and resolution passed by the shareholders of the Company at the EGM held on October 22, 2009, the name of the Company was changed to Oberoi Realty Private Limited for availing the benefits of the brand equity of ―Oberoi‖ and with a view to convey the right nature of ctivities of the Company. Consequent to the change in name, the Company received a fresh certificate of incorporation dated october 23, 2009 from the RoC, Maharashtra. Thereafter, the Company was converted into a public limited company and pursuant to a Board resolution dated December 4, 2009 and shareholders‘ resolution passed at the EGM dated December 4, 2009, the name of the Company was changed to Oberoi Realty Limited. Consequent to its change of name, the Company received a fresh certificate of incorporation dated December 14, 2009 from the RoC. The Company is involved in real estate development and has a diverse portfolio of projects covering the residential, office space, retail, hospitality and social infrastructure segments of the real estate market. |
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OBJECTIVES OF ISSUE & TOTAL ESTIMATED EXPENDITURE |
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The company intend to utilise the Net Proceeds from the issue for the following purposes:-- |
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Particulars |
Total Estimated Expenditure (In Rs. in million) |
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1. Construction of their Ongoing projects |
10,035.71 |
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2. Acquisition of land or land development rights |
2,250.00 |
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3. General Corporate Purposes |
-- |
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FINANCIALS OF THE COMPANY (Rs. in Million) |
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Particulars |
For the year ending March 31 |
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2010 |
2009 |
2008 |
2007 |
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TOTAL INCOME |
398.20 |
862.90 |
1679.54 |
1095.29 |
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TOTAL EXPENDITURE |
170.91 |
375.59 |
717.32 |
491.54 |
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PROFIT AFTER TAX & EXTRAORDINARY ITEMS |
242.77 |
438.85 |
920.99 |
586.64 |
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DECLARATION OF DIVIDEND (on Equity Shares) |
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Particulars |
Financial Performance (During the Fiscal) |
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2010 |
2009 |
2008 |
2007 |
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Amount of Dividend paid (Rs. in million) |
57.73 |
5.20 |
5.20 |
3.54 |
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Amount of Interim Dividend paid |
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The Company has no formal dividend policy. The Board may also from time to time pay interim dividends. |
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COMPANY'S INFORMATION |
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REGISTERED OFFICE ADDRESS: Commerz, 3rd Floor, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East), Mumbai 400063 |
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PHONE: 91-22-66773333 |
E-MAIL: cs@oberoirealty.com |
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FAX: 91-22-66773334 |
WEBSITE: http://www.oberoirealty.com/ |
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Regent Finance Corporation (P) Ltd : 60A Chowringhee Rd., 2nd Floor, Kolkata - 700020, India, Ph # (91) (33) 30513032 / 34, 66339332 / 34, Fax# (91) (33) 30513033, email: research@regentmoney.com, Visit us at: www.regentmoney.com |
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