BPTP IPO: Review Analysis & Details

Till yesterday, there was news about the Dominos Pizza IPO. Today, another company has come out with the news of IPO. It is the real estate major BPTP which is planning to come out with its Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the BPTP IPO and try to do the Review and analysis of BPTP IPO.
Some basic details first about the BPTP IPO, which are available as of now:

- The size of BPTP IPO is expected to be around 1500 Crore Rs.

- The purpose of the IPO is to raise funds and expand the business as well as repayment of certain loans and debts

What is the issue size of the BPTP IPO?
Around 1500 Crore Rs. is the size of the IPO.

How will the capital raised by BPTP IPO be used?
The BPTP company would use the IPO proceeds for early payment of loans and expansion of its business. Out of the proposed 1500 Cr. IPO, around 325 Crore Rs. will be going towards early payment of loans - it has a loan of around 770 Crore Rs.
Rest will be used for completion of its projects like 'Park Elite Floors' project at Faridabad
It also has to pay to the government for the construction and development charges which may be to the tune of more than 500 Crore Rs.

How many projects is the company currently having.?
BPTP has around 17 project which makes it one of the big reality companies. The total saleable are stands at around 39 million sq. feet. In addition to that there are some 40 new future and ongoing projects, which will add another 58 million sq. feet of area to its umbrella.

What is the price band of the BPTP IPO
The price band for shares of BPTP IPO is not known as of now.

What is the trading symbol & exchange for the BPTP IPO
No info is available about the trading symbol.

What are the IPO dates for BPTP IPO
The IPO for BPTP is going to come sometimes early 2010. The DRHP is filed with SEBI.

What are the analysts recommendations for this IPO?
No recommendations from market analysts are available as of now. But this company is known to have troubles in the recent past. It was forced to surrender its biggest land deal all because of the credit crunch and lack of funds within the company. However, the things may turn around as the demand in the real estate sector may pick up soon.