Ratnabhumi Developers Limited is Ahmedabad Gujrat based company engaged in real estate and construction business. During the period 2009-2012, our Company completed the project namely Ratna TURQUOISE costing Rs 65.63 Crores. During the period 2012-17, company's main business activities were selling and marketing of its commercial offices and shops constructed in our project Turquoise. Apart from selling and marketing of its commercials offices and shops, we have rented our shops, offices and spaces in our Project Turquoise to corporate clients for their business, commercials, advertisement and installing network equipment.
The Promoters of the Company are Mr. Kaivan Shah and Mrs. Meghna Shah.
The objects of the Issue are:
1. Acquisition of Land/Plot of Land and other strategic Initiatives;
2. Capital Contribution towards 45% stake in Rajul Projects LLP - Project Ratna Artemus II- Paldi, Ahmedabad
3. General Corporate Purpose;
4. Meeting Public Issue Expenses.
»» Issue Open: Dec 4, 2017 - Dec 6, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 3,700,000 Equity Shares of Rs 10 aggregating up to Rs 23.31 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 63 Per Equity Share
»» Market Lot: 2000 Shares
»» Minimum Order Quantity: 2000 Shares
»» Listing At: BSE SME
Ratnabhumi Developers IPO Subscription Status tells if Ratnabhumi Developers IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Ratnabhumi Developers IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||0||1,850,000||1,850,000||3,700,000|
|Day 1 - Dec 4, 2017 17:00 IST||-||320,000||22,000||342,000|
|Day 2 - Dec 5, 2017 17:00 IST||-||320,000||34,000||354,000|
|Day 3 - Dec 6, 2017 17:00 IST||-||4,086,000||1,208,000||5,294,000|
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