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Karda Construction Ltd IPO (Karda Construction IPO) Detail

Mar 16, 2018 - Mar 21, 2018

Incorporated in 2007, Karda Constriction Limited is engaged in construction business. They are a real estate development company which develops and sells residential and residential-cum-office projects in Nashik, India.

Company has successfully completed and delivered 15 residential projects and office space projects like Hari Smruti, Hari Amantran, Hari Shrushti, Hari Kunj, Hari NiwasHari Niketan, Hari Sankalp etc. They currently have 13 Ongoing and 3 Planned projects.

They have received “Mega Builder of the Year” award of Divya Marathi in June 2013, for having an exceptional performance in the real estate segment in Nashik.

Company Promoters:

The Promoters of the Company are:

1. Mr. Naresh Karda

Company Financials:

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 24,853.72 24,961.42 23,304.63 18,612.39 16,238.73
Total Revenue 11,002.26 10,593.47 4,653.44 5,907.39 4,328.65
Profit After Tax 803.14 637.43 307.56 360.55 270.39

Objects of the Issue:

The object of the issue are to:

1. Part repayment of overdraft facilities;
2. Part repayment of term loans;
3. General corporate purpose;
4. Issue related expenses.

Issue Detail:

  »»  Issue Open: Mar 16, 2018 - Mar 21, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 4,300,000 Equity Shares of Rs 10 aggregating up to Rs 77.40 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 175 - Rs 180 Per Equity Share
  »»  Market Lot: 80 Shares
  »»  Minimum Order Quantity: 80 Shares
  »»  Listing At: BSE, NSE

Karda Construction IPO Reviews / Recommendations:

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Karda Construction IPO Subscription Status / Live Bidding Status

Karda Construction IPO Subscription Status tells if Karda Construction IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Karda Construction IPO oversubscribed if bids are received for more shares than what is offered by the company.

Karda Construction IPO - How Many Times Subscribed?
Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved430,0001,720,0002,150,0004,300,000
Day 1 - Mar 16, 2018 17:00 IST1.05002.07000.10000.9800
Day 2 - Mar 19, 2018 17:30 IST1.55002.16000.45001.2400
Day 3 - Mar 20, 2018 17:40 IST1.55002.17000.78001.4200
Day 4 - Mar 21, 2018 21:00 IST1.55003.44002.01002.5300

Karda Construction IPO Prospectus

Karda Construction IPO Rating

356
4.0
Rating:Rated 4.0 stars

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Karda Construction IPO Listing Date

  •   ›  Listing Date: Monday, April 2, 2018
  •   ›  BSE Script Code: 541161
  •   ›  NSE Symbol: KARDA
  •   ›  Listing In:
  •   ›  ISIN: INE278R01018
  •   ›  Issue Price: Rs 180 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 180.00
Rs 136.00
Rs 136.00
Rs 142.80
Rs 142.80
254,041
NSE
Rs 180.00
Rs 136.00
Rs 129.20
Rs 142.80
Rs 142.80
1,034,837

Karda Construction IPO News Alerts

  1. Monday, April 2, 2018 12:00:00 AM
    Karda Construction IPO Listing Date & Info
  2. Tuesday, March 27, 2018 12:00:00 AM
    Karda Construction IPO Allotment Status
  3. Wednesday, March 21, 2018 12:00:00 AM
    Karda Construction IPO Closes on Mar 21, 2018
  4. Friday, March 16, 2018 12:00:00 AM
    Karda Construction IPO Opens on Mar 16, 2018

Company Contact Information

Karda Construction Ltd
2nd Floor Gulmohar Status,
Above Business Bank,
Samarth Nagar, Nashik - 422005
Phone: +91– 253 – 235 1090
Fax: NA
Email: admin@kardaconstruction.com
Website: http://www.kardaconstruction.com

Karda Construction IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Karda Construction IPO Lead Manager(s)

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Karda Construction IPO Review / Comments

avatar
198. Aniketiaf  Apr 14, 2018 8:42:13 AM IST I Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 2900+ Likes)
After Sandhar & Midhani , Now it's Karda turn to run.....
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198.1. Ashish Khater  Apr 14, 2018 11:55:12 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
hope for a good run on monday
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197. ARUN KUMAR SHRIVASTAV  Apr 10, 2018 1:52:24 PM IST I Like It. 2 | Report Abuse Reply
What is going there on. I thing it is cheating from small investor.
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196. Kenny  Apr 4, 2018 4:43:33 PM IST I Like It. 5 | Report Abuse Reply
Just one thing guys..

Today 10,300 was a big resistance for nifty, it touched 10,280 odd and turned back.. so imo tomorrow we may open below 10k and 9950 / 9700 on cards and may breach very soon..

This is just my study, i can be 100% wrong too.. so take your trade after having proper knowledge of trade and with help of your fanancial advisor.

Disc. Sold 70% of holdings between 8th - 14th january.. and will enter again if nifty close above 10,500 or close below 9600..

Note - " Nifty p/e still above 25x "

I hope i can be helpful to someone.. :-)

Cheers.. :-)

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196.1. rvr  Apr 7, 2018 1:04:25 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
asusual u r wrong
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195. Arup jamshed  Apr 6, 2018 5:41:28 PM IST I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Still below the issue price.koi batayega kya khichuri pak raha hai
avatar
195.1. Cool Sunshine  Apr 7, 2018 12:06:45 AM IST I Like It. 4 | Report Abuse
Nobody will know kya khichdi pak rahi hai........

The stock has seen 3-4 UC of 5% and it consolidated today. Now the stock can move either way. Since there are people who have bought the stock around 140 may decide to exit now at close to 165 and stock starts falling. If mutual funds and other institutional investors have entered the stock then there may not be much fall and stock may head towards listing price. yesterday was the only day when stock has traded freely and volume has been very low at 43K shares only. Hence volatility to continue for some more time before any trend emerges.

Since the float is very low....the stock can have big moves in any direction. For risk averse investors short term investors....165-175 is a reasonable point to exit but long term investors may wait for the stock to move out of T2T and then decide based on trend the stock follows. This is IMO only.

DiscL: I am not invested in this stock and currently not looking to invest in this stock for long term as pursuing other opportunities. I will still keep an eye on this stock for short term trades.
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194. ramsita  Apr 5, 2018 1:38:03 PM IST I Like It. | Report Abuse Reply
कब तक buyerpack चलेगा।
Abhi purchage kare kya ?????
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193. Cool Sunshine  Apr 4, 2018 1:51:26 PM IST I Like It. 10 | Report Abuse Reply
Message to Moderator,

Just want to check with you if it is ok to use offensive language in chittorgarh forums like this ID "Kenny" is using to attack other boarders.

I am all for constructive criticism but still expect some civility and decorum in online forums.

Request your review and feedback.
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192. akshay.  Apr 4, 2018 10:09:34 AM IST I Like It. 1 | Report Abuse Reply
i bought 100 share @146 on 3 march 2018 but today i am not able to sell these share why?thanks in advance
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192.4. Cool Sunshine  Apr 4, 2018 1:34:27 PM IST I Like It. 3 | Report Abuse
Shitty Kenny. Ignored once again.

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192.5. Cool Sunshine  Apr 4, 2018 1:39:26 PM IST I Like It. 6 | Report Abuse
@Akshay,

I have bought and sold shares on the same day and different brokerage provide different time duration limit for the same.

If the share is in T2T (trade to trade), then delivery is compulsory while it remains in T2T. You will be able to sell Karda only after you receive the delivery. I have also noticed different brokerage credit shares for delivery at different time in the day.
avatar
191. shaakaal  Apr 4, 2018 11:45:36 AM IST I Like It. 5 | Report Abuse Reply
it could be next PSP Project
avatar
190. Cool Sunshine  Apr 4, 2018 11:39:33 AM IST I Like It. 7 | Report Abuse Reply
It is heartening to see that post listing this stock is moving in UCs but beware that trend may reverse anytime.

When probability of gains in short term seems lower, my belief is to act in a manner which minimizes the risk of losses and be cautious.

Above is in the context of short term approach only. I would not comment on long term as I am not focussing this stock for long term as there are so many good established stocks are already available in secondary market where probability and extent of gains are much more.

Discl: My comments reflect my thinking and beliefs at the time of posting only. I reserve the right to act in any manner for my own investments and I may change, reverse & adapt my decision for my investment anytime. If you believe, my posts are to misguide you, avoid following them.
avatar
189. Cool Sunshine  Apr 2, 2018 10:51:07 AM IST I Like It. 12 | Report Abuse Reply
Warren Buffet always believe that IPO mechanism is unfair to investors and disliked IPOs and advised caution in IPO investing. He has grown very old/outdated and his mantras do not influence investing habits of newer investors in India.

In India almost 60% retail demat account are added in last 3-4years when market had stupendous run driven by excess liquidity sans fundamentals. Investors mantra taught to these new investors:

1. IPO is sure shot listing lottery mechanism.
2. Fundamentals is foolish word.
3. Business model doesn't matter.
4. Cash flow is for accountants not for investors.
5. Who ever suggest AVOID, is desh drohi and need to appear in court of law to justify.
6. Listing below issue price is fine but if some one advise d AVOID and after 2-3 weeks stock price somehow rises even 10 paise above issue price then person saying AVOID should be crucified or send to gallows while completely ignoring what happens to stock after 2-3 months.
7. Ignore or forget 'G' (grey) in 'GMP' and treat it is as 'MP' straight forward 'Market premium' . If quoted value doesn't seem bullish enough blast or crucify the quoter (traitor).

Suggestion: To be successful in Equity Market......build your own mantras instead of following someone else.
avatar
189.4. Cool Sunshine  Apr 3, 2018 10:54:09 AM IST I Like It. 5 | Report Abuse
ignoring kenny
avatar
189.5. Cool Sunshine  Apr 3, 2018 8:42:58 PM IST I Like It. 3 | Report Abuse
Dear All,

My above post was a satire on investing habits. Some of the people (all of you know who those all are) did not understand this and made fool of themselves once again in the forum by their un-necessary attacks.

Please also refer to my posts in Mishra Dhatu forum from where this post has originated.

Warren buffet, or any of our indian analyst from large firms have lot of things to learn from . I may not worship them but never fail to listen to what they say and try to learn as much as possible. For that I listen to everyone on chittorgarh and see if there is anything I can learn from them.

While I am not a worshipper but I am still in awe of Warren Buffet (Oracle of Omaha) for his simplicity and work ethics despite touching zenith of financial investing.
avatar
188. Cool Sunshine  Mar 20, 2018 7:47:35 PM IST I Like It. 18 | Report Abuse Reply
Due to small size IPO, it is expected to list positive with operators and speculators playing in the stock in the ''Initial'' days post listing.
It is futile to discuss how much listing gains as ''Initial'' days will be very volatile for this small stock and it all depends on individual ''s ability to exit at right time.
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188.3. Cool Sunshine  Apr 2, 2018 12:25:25 PM IST I Like It. 10 | Report Abuse
Warren Buffet is outdated and un-imaginative (sic)

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188.4. Cool Sunshine  Apr 3, 2018 8:14:43 PM IST I Like It. 4 | Report Abuse
Consortium of multiple IDs continues to change IDs frequently and as always continue to attempt twisting others posting to indicate that their multiple IDs and their parent IDs are the only one to look for.

I post above message in the context when everyone was guessing the listing price randomly without any justification and it did not include any suggestion (direct or indirect) to subscribe to this issue and I have not participated in IPO.

Despite several experts singing songs in its praise, I am not looking to INVEST in this stock... I may put money in this for TRADE only if I see an opportunity for myself.



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187. akshay.  Apr 3, 2018 2:42:19 PM IST I Like It. 1 | Report Abuse Reply
thanks buddy i get your point my mistake.
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186. akshay.  Apr 3, 2018 11:00:50 AM IST I Like It. 1 | Report Abuse Reply
hey ,one think i want to know karda construction last year profit is approx 800 cr but there market cap is just 175cr how it is possible?
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186.1. shaakaal  Apr 3, 2018 11:30:15 AM IST I Like It. 3 | Report Abuse
it is 800 lakh i.e 8 cr
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185. Cool Sunshine  Apr 3, 2018 11:29:01 AM IST I Like It. 4 | Report Abuse Reply
Now floods of IPO abating and good % of recent IPOs giving negative returns several people and IDs on the forum are focussing their time and energy in pulling down whatever the sane discussions still continuing in the forums.

Remember there will always be barking dogs on the street whichever path we chose. Hence despite deliberate , desperate and direct attacks, one should not stop their good work.

Dogs keeps barking and Caravan keeps moving.
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184. Kartikdevd  Apr 3, 2018 11:25:17 AM IST I Like It. 3 | Report Abuse Reply
This is going Apex Frozen mode. Circuit pe circuit, circuit pe curcuit.
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183. Umang and his ultrasonic uproar  Apr 2, 2018 10:59:41 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Dow jones has plunged 600 points again. Let's see what happens to our market tommorow.
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183.1. shaakaal  Apr 3, 2018 2:38:06 AM IST I Like It. | Report Abuse
Umangbhai , any view on karda ?
am holding it.
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182. Hira chand nahar  Apr 2, 2018 9:32:50 PM IST I Like It. | Report Abuse Reply
😢😢
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181. Thiagarajan Ramasamy  Apr 2, 2018 7:25:54 PM IST I Like It. 1 | Report Abuse Reply
Karda will come out of T2T and commence normal trading from 16/04/2018 onwards.
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181.1. shaakaal  Apr 2, 2018 8:29:47 PM IST I Like It. | Report Abuse
any target after 10-15 days ?
my broker told to hold till 170.
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180. WAHEGURU  Apr 2, 2018 7:18:13 PM IST I Like It. 3 | Report Abuse Reply
Do not follow HARIT he is big chor and cheater giving wrong advice I sell Bandhan bank on his advice in grey market 7 application
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180.1. shaakaal  Apr 2, 2018 8:27:38 PM IST I Like It. 1 | Report Abuse
he is headache for the whole forum.Nobody like him.gamble and other senier members left due to him.
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179. Ankush Dhengale  Apr 2, 2018 6:13:21 PM IST I Like It. | Report Abuse Reply
but other t segment stock not use upper and lower circuit
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179.1. VALUE INVESTOR  Apr 2, 2018 6:18:02 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
It is applicable only for new listings. Once it is out of T2T, it will trade like other regular stocks.
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