Wednesday, June 19, 2013

Kolte Patil Developers

- Pune based Real estate developer
- Developed over 8 million sq feet in India.
- In last one year (FY12-FY13), reported 3 times jump in turn over and net profit.
- JV with ICICI venture funds management company (I-Fund) - real estate venture fund : develops 400 acres of township in Hinjewadi, Pune.
- Another JV with Corolla Realty : Kolte holds 37% stake, I fund : 37% : develops bungalow scheme over 80 acres of Wagholi, Pune.
- Yatra Capital (Amstredam based) - has invested in SPV with Kolte - to develop 41 acre residential township @ Kharadi, Pune.
- Currently trading @ Rs.88 : 10% discount to Book Value.
- IPO price of Rs.145/share in Dec 2007 - over subscribed 45 times.

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