Unitech

Real estate group Niranjan Hiranandani raised 382.6 million pounds ($753.7 million) through a listing of its Hirco Plc unit on the AIM market of the London Stock Exchange, the company said in a Dec. 13 regulatory filing. - srvs.

Just Estimate......How much Unitech Plc. will get?

Unitech will be raising $700 million through London Stock Exchange Listing.

NOT MY ORIGINAL QUOTE. JUST GOT THIS FROM ANOTHER SITE-

Unitech an outperformer: SSKI India
2006-12-12 15:59

Broking house, SSKI India has rated an outperformer rating on Unitech with a target of Rs 621.
SSKI India report on Unitech:
"Unitech, India's largest listed real estate company, is expected to be a significant beneficiary of the ~16bn sq. ft of residential, commercial and retail development expected to be undertaken in the Indian real estate market by 2010. Unitech has strong brand equity as also pan India presence with focus on residential development - the most profitable real estate segment. Moreover, the company's focus on outright selling of non-residential properties improves capital utilisation and enables it to grow its land bank rapidly. Our NAV-based fair value of Unitech's land bank of 14,211 acres and SEZs works out to Rs 621 per share. We initiate coverage on the stock with an Outperformer rating."
Indian real estate - a metamorphosis underway:
"A progressive regulatory framework and increasing importance of urban development are transforming the real estate landscape of India. We see sustained growth in all real estate segments going forward as robust economic growth and favourable demographics drive construction of ~16bn sq. ft by 2010E. Further, robust IRRs in the business throw up a big opportunity for real estate developers over the next 4-5 years."
Unitech, a pan India developer - the key beneficiary:
"Unitech has a strong track record of quality orientation and timely completion of projects in all segments of real estate development. Unitech's two-pronged strategy of focusing on residential development (the most profitable segment) and outright selling of developed non-residential properties (the most capital intensive segment) would enable it to effectively utilise capital for rapidly growing its land bank."
NAV estimated at Rs 621 per share - Outperformer:
"Unitech has a pan India land bank of 14,211 acres along with 3 multi product SEZ's. On the back of the huge land bank, we expect Unitech to sell ~215m sq. ft of space over FY07-10, driving a 23x rise in revenues to Rs 285 billion and 113x increase in profits to Rs 112 billion over FY06-10E. We have valued Unitech by discounting the free cash flows from all its residential, commercial, retail, hotel and SEZ projects, which works out to Rs 621 per share."

Thanks friend. Now can you please explain, who decides that the price cannot rise or fall more that "10%" on single day? Why it's "10" only?

I understood that if the buy orders are pending then the price cannot fall but how can someone predict about the price rise?

If I have a pending order for Unitech and I raise my bidding price to way above the last sale price (Say 15%) , someone bound to sale and my order will be get fulfilled.

Is that the exchange or market authority stops all buy or sell?

Sorry for asking so many Qs but just wanted to clear this thing.

the exchange does

The exchange decides how much the price of each stock can rise on any given day. If the limit is 10%, and you enter a price that is 15% higher than yesterdays closing price, the exchange will reject your order.

Any other prediction estimates???????????....mine is $500 - 600 million

Will get clear by 17th, doesnt matter much though. It is raising around this much that is clear.

The News is now out that Unitech is raising 360 million pounds by IPO in London Stock Exchange, around $700 million which I told earlier.

600 on the share price is not far. Guys invest Now and hold for medium to long term. Excellent stock. The Leader of Reality stocks. If you Believe in Indian Reality for the long term this is the place to be.

Cheers
Jnj

Unitech can hit Upper Circuit on Monday in noon. Buy soon.