IPO Snapshot
 
Kumar Urban Development Ltd.
Issue Open Date NA  
Issue Closing Date NA  
Application Money 100  
Allotment Money  
Price Band -  
Minimium Application No.  
Issue Size (Shares)  
Market Lot 1  
Objective
The objects of the Issue are:1). Acquisition of land development rights;2). Construction expenses of our ongoing and planned projects;3). Funding for repayment of loans for Company and certain of our Subsidiaries;4). General corporate purposes;5). Issue related expenses; and6). Achieve the benefits of listing.
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors        
Qualified Institutional Buyers        
Retail Individual Investors        
Business Description:
We are a real estate development and construction company with focus on residential and commercial development in the cities of Pune and with presence in Mumbai, Bangalore, Hyderabad, Panchgani & Nagpur. Our Promoter, Mr. Lalitkumar Jain has around three decades of experience in the real estate industry. In the past we and our promoter have undertaken all the real estate development under the brand name of ?Kumar Builders?, a trademark owned by Mr. Lalitkumar Jain. Further, we have been successful in establishing relationship with financial investors such as Reliance Capital Limited in our Company. Additionally, ICICI Prudential and LSO Subco No. 4 / LREF Subco No.4 have invested in our Subsidiaries RVPPL and KBTVPL, respectively. Our operations span all aspects of real estate development, from the identification and acquisition of land, the planning, execution and marketing of our projects. As on date, we have 14 Ongoing projects across four cities with 3.91 million sq. ft. of estimated Developable Area and estimated saleable area of 3.42 million sq ft. In addition, we have 50 Forthcoming Projects with 73.13 million sq. ft. of Developable area and estimated 64.14 million sq. ft. of Saleable Area. We were incorporated in 1993 and pursuant to a restructuring of the entities in our group in 2006, we acquired majority interests in certain entities forming part of our group. These entities on a cumulative basis prior to our acquisition have developed 3.30 million sq. ft. and our promoter Mr. Lalitkumar Jain was a majority stakeholder in all these entities prior to us acquiring an interest in them. We started our operations in Pune and gradually expanded to cities like Mumbai, Bangalore, Hyderabad, Panchgani & Nagpur. We have completed 2.18 million sq. ft. of Developable Area since 2006 including 10 residential (including one-redevelopment project) and 7 commercial projects. In the residential segment, our past developments include of high-end residential projects, mid-income as well as affordable housing projects..We have developed projects such as Kumar Sophronia in Mumbai, Hillscapes & Buena Vista in Pune under high-end residential space. Under mid-income housing segment, we have executed projects such as Kumar Angan and Kumar Sansar in Pune. Under affordable housing segment, we have developed projects such as and Kubera Sankul in Pune. In commercial segment, we have developed office complexes such as Kumar Business Centre and IT parks such as Cerebrum IT Park in Pune. In retail space, we have developed shopping centres such as Fun-n- shop and K.K market in Mumbai and retail malls such as and Fun –n-Shop in Pune. We have also undertaken a phased wise mixed development project which include a bungalow/villa scheme, a middle income group housing complex, an IT park and a luxury residential complex, and a mall located Kalyani Nagar, Pune. In our residential projects, our main focus is on developing integrated townships, redevelopment of existing residential complexes and slum rehabilitation projects. Currently, we are undertaking redevelopment of existing residential, complex apartments in the city of Mumbai in addition to slum rehabilitation projects in Pune. In our residential projects, our main focus is on developing townships which are integrated master planned communities in the mid to luxury segment, wherein we design, build and sell a range of properties including high rise buildings, villas, townhouses and apartments of varying sizes and in compliance with the applicable law permitting such township developments. In our commercial projects, we are focused on developing, selling and leasing office and SEZ properties targeted at a wide range of customers from individual users and small companies to large corporates in various sectors including IT and ITES.
Promoter's Holding
Total Share Capital    
Offered to Public    
Promoter's Holding (Pre-Issue)    
Promoter's Holding (Post-Issue)    
Address
Kumar Capital
2nd Floor

2413
East Street
Pune ,
Maharashtra ,
411001
Phone : +91-20-40006000
Email : investors@kudl.in
Website : www.kudl.in
Registrar
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
Listed at
BSE, NSE
Lead Manager
Enam Securities Pvt Ltd
Promoters
Krutikumar Realty Holdings Pvt Ltd.
Lalitkumar Jain
Lalitkumar Jain HUF
Sukumar Housing & Finance Pvt Ltd.