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Issue Open Date
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NA
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Issue Closing Date
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NA
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Application Money
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100
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Allotment Money
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Price Band
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-
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Minimium Application No.
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Issue Size (Shares)
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Market Lot
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Objective
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The objects of the Issue are to:1) Fund the development and construction of certain of our projects;2) Fund the payment of statutory development charges relating to our “Ambience City” township at Panipat;3) Prepay certain loans;4) Fund expenditure for general corporate purposes; and5) Achieve the benefits of listing on the Stock Exchanges.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description:
We are a real estate development company in the National Capital Region with in-house construction capabilities, focused on premium developments. We have a diversified portfolio of completed, ongoing and planned real estate development projects, which include integrated townships; residential projects, including premium and luxury residential apartment complexes; commercial projects, including corporate office towers and retail projects, including shopping malls. We believe we have established a strong brand image and a successful track record in the real estate industry with the completion of innovative, premium and contemporary projects.Our signature integrated township project is “Ambience Island”, a township of approximately 134.60 acres on the Delhi-Gurgaon border, adjacent to National Highway 8. To date, we have developed “Ambience Mall”, Gurgaon, which is the largest operational retail shopping mall in India (Source: Jones Lang LaSalle Meghraj), and an eight-floor corporate office tower as part of the “Ambience Island” township. The township also has a 345-unit residential complex called “Lagoon”, which we constructed, and the “Leela Kempinksi”, a hotel with 322 rooms and 90 serviced apartments, which was also constructed by us and which is owned by Ambience Hotels and Resorts Limited, a Group Entity. We have two Ongoing Projects at “Ambience Island” – a 240 condominium complex with an estimated Saleable Area of approximately 1.87 million square feet called “Caitriona” and a 12 storey premium office tower with an estimated Leaseable Area of approximately 0.56 million square feet. We are also developing a nine-hole pitch and putt golf course as part of the township. We will continue to develop the balance of the township?s Developable Area of approximately 18.73 million square feet with a mixture of luxury residential developments with an estimated Developable Area of approximately 11.58 million square feet and office towers with an estimated Developable Area of approximately 7.15 million square feet.In November 2007 we officially opened “Ambience Mall”, Gurgaon at “Ambience Island”. “Ambience Mall” has one kilometre of shopping experience on each floor and has a total leasable area of approximately 1.66 million square feet spread over eight floors and a three-level basement, of which we have leased out approximately 1.17 million square feet as on August 31, 2009. The shopping mall includes six anchor stores, retail shops, a seven screen multiplex, restaurants and coffee shops, a food court, a car showroom, a beer garden, a bowling alley, a kids play zone, a hyper market, a fitness and meditation centre, a recreational zone, a simulated golf works and more than 2,500 car parking spaces. We have over 165 international and domestic brands as tenants in the shopping mall, including, Debenhams, PVR Cinemas, Fitness First, Reliance Retail, Pantaloon, Rockman?s Beer Island, Westside, Big Bazaar, BMW, Marks & Spencers and BJN food chain.We recently completed construction of “Ambience Mall” at Vasant Kunj, New Delhi located adjacent to the 150 foot wide signal free Nelson Mandela Road, which is strategically located enroute to the international airport. The shopping mall has a Leaseable Area of approximately 1.17 million square feet and will offer four anchor stores, retail shops, a hyper market, a four screen gold-class multiplex, food courts, restaurants, a discotheque and more than 1,800 car parking spaces. The shopping mall is expected to be officially opened to the public in the fourth quarter of fiscal 2010.In November 2007 we completed the development of a corporate office tower at “Ambience Island” consisting of eight floors. The office tower has a leasable area of approximately 0.23 million square feet, of which approximately 0.10 million square feet was sold (including buyers agreements) and approximately 0.08 million square feet has been leased. The balance 0.03 million square feet is held for future lease.In 2002, ADIPL, which was then owned by the Promoters but is now a 100% owned subsidiary of our Company, completed the development of the “Lagoon” premium residential apartment complex at Ambience Island. We constructed this project. The “Lagoon” residential apartment complex has 345 units and a Developed Area of approximately 1.21 million square feet. We believe it was among the first colonies in the NCR with a two-level basement, 100% power back-up, 24-hour high-alert three tier security, a sewerage treatment plant, landscaped parks and a dedicated club with gym. All 345 units in the project were sold (including 31 units for which buyer?s agreements have been entered and possession was handed over) by ADIPL prior to it becoming a subsidiary of our Company.
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Promoter's Holding
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Total Share Capital
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Offered to Public
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Promoter's Holding (Pre-Issue)
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Promoter's Holding (Post-Issue)
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Address |
L-4 Green Park Extension
New Delhi
,
Delhi
,
110016
Phone :
011-26191403 / 26196284 / 26191394 / 26195042 / 26194021
Email :
compliance@ambienceisland.com / ambience@ambiencegroup.in
Website :
www.ambiencegroup.in
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Registrar |
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Listed at |
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Lead Manager |
Enam Securities Pvt Ltd JM Financial Consultants Pvt Ltd JP Morgan India Pvt Ltd Macquaire Capital Advisors (I) Pvt Ltd
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Promoters |
Aman Singh Gehlot Arjun Singh Gehlot Raj Singh and Sons (HUF) Raj Singh Gehlot Sheela Gehlot
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