Parsvnath Developers Ltd - IPO

Parsvnath Developers Ltd IPO Details

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. 10The issue price is 30 times of the face value.

Objective of issue

Exp. on Development & Construction of Projects. General Corporate Purposes.

Parsvnath Developers Ltd Contact Details

Parsvnath Developers Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investors@parsvnath.com

Website - www.parsvnath.com