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Ratnabhumi Developers Limited IPO (Ratnabhumi Developers IPO) Detail

Dec 4, 2017 - Dec 6, 2017

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.

Company Promoters:

The Promoters of the Company are Mr. Kaivan Shah and Mrs. Meghna Shah.

Objects of the Issue:

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 Detail:

  »»  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 Reviews:

  1. Ratnabhumi Developers Limited IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved01,850,0001,850,0003,700,000
Day 1 - Dec 4, 2017 17:00 IST-320,00022,000342,000
Day 2 - Dec 5, 2017 17:00 IST-320,00034,000354,000
Day 3 - Dec 6, 2017 17:00 IST-4,086,0001,208,0005,294,000

Ratnabhumi Developers IPO Prospectus

Ratnabhumi Developers IPO Rating

Rating:Rated 3.1 stars

Vote Here ...

Ratnabhumi Developers IPO News Alerts

  1. Wednesday, December 6, 2017 12:00:00 AM
    Ratnabhumi Developers IPO - Close
  2. Monday, December 4, 2017 12:00:00 AM
    Ratnabhumi Developers IPO - Open

Company Contact Information

Ratnabhumi Developers Limited
S.F. 207, Turquoise, Panchvati Panch Rasta,
Nr. White House, E.B., C.G. Road,
Ahmedabad 380 009
Phone: +91 79 2642 4209

Ratnabhumi Developers IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969

Ratnabhumi Developers IPO Lead Manager(s)

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Ratnabhumi Developers IPO Review / Comments

5. Ocean  Dec 5, 2017 11:46:39 PM IST I Like It. 2 | Report Abuse Reply
Very poor subscription figures. Good that investors are not flocking for this kind of mediocre IPOs.
4. U. H. U. U  Dec 1, 2017 5:34:46 PM IST I Like It. 1 | Report Abuse Reply
This is total avoid.
But I am 100% sure that speculative activities will be there during 1st week of listing. Don''t get surprised if u see 60/70% return in first 10 days.
3. Subject to sauda  Nov 30, 2017 5:33:03 PM IST I Like It. | Report Abuse Reply
2. NPP  Nov 30, 2017 11:11:33 AM IST I Like It. | Report Abuse Reply
Compare Ahmadabad based construction companies , Share price etc and than decide .....
1. SekharG  Nov 29, 2017 10:20:45 PM IST I Like It. | Report Abuse Reply
Any feedback on this.
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