BRIGADE ENTERPRISES LIMITED BEL)-IPO

BRIGADE ENTERPRISES LIMITED (BEL)
Period	10 to 13 Dec 2007
Size	16624720 Equity Shares (Greenshoe option 2493708 Equity Shares)
Reserved for Retail	4,957,416 (30%)
Type	100% Book Building
Face Value	Rs. 10-
Price Range	Rs 351 to 390
Market Lot	16 Shares
Maximum shares Retails investor can apply at cut off	256 shares (Rs. 99840)
Registrar	Karvy Computershare Private Limited
Registrar's email	brigadeipo@karvy.com
Lead Manager	ICICI Securities Limited
Listing	BSE, NSE
Grading	IPO Grade 3 by ICRA Limited indicating average fundamentals
BEL is a real estate development company based in Bangalore, primarily focused on the development of residential, commercial and hospitality properties in South India. Their residential properties include integrated lifestyle enclaves and apartment buildings targeted towards middle income and high income customers. Their integrated lifestyle enclaves are conceptualised as self-contained, gated communities, which generally include a combination of apartment complexes, commercial and retail space, recreational clubs, parks, schools, convention centres and car parking and which historically have ranged from 1.62 million sq. ft to 7.23 million sq. ft. of Developable Area. Their commercial properties include commercial office space, software and IT parks, schools, hospitals and retail malls with entertainment facilities, such as multiplexes. Their properties in the hospitality sector include serviced residences, hotels, resorts, spas, recreational clubs and convention centres in Bangalore and other parts of South India.
(a) acquisition of land; (b) construction and development costs in relation to our Ongoing Projects and Forthcoming Projects; (c) general corporate purposes; and to achieve the benefits of listing.