Akruti Nirman Limited IPO (Akruti IPO) Detail

Jan 15, 2007 - Jan 19, 2007

Akruti Nirman Ltd. is a Mumbai based real estate development company. At present, Akruti's primary business is the development of commercial and residential properties. Their operations include the identification and acquisition of land and land development rights, and the planning, execution and marketing of real estate projects.

In commercial business line, they build, lease and sell commercial office space, including office towers and information technology parks, with a focus on properties attractive to the information technology, information technology enabled services ("ITES") and business processing outsourcing ("BPO") industries and large multinational companies.

In residential business line, they develop multi-unit residential apartment buildings with residences ranging from one bedroom flats to higher end, five bedroom residences.

In new retail business line, they are currently developing six shopping malls which contain space for retail units, food courts, banquet halls and restaurants, in which they intend to lease space to retailers upon their completion.

Objects of the Issue:

The objects of the Issue are to:
1. Finance acquisition of lands / rights in lands and development rights;
2. Finance the construction and development costs for some of our projects under development;
3. Repay certain loans of the company;
4. Fund expenditures for general corporate purposes and achieve the benefits of listing on the Stock Exchanges.

Akruti IPO Details

IPO Opening DateJan 15, 2007
IPO Closing DateJan 19, 2007
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹475 to ₹540 per equity share
Market Lot12 Shares
Min Order Quantity12 Shares
Listing AtBSE, NSE
Issue Size6,700,000 Eq Shares of ₹10
(aggregating up to ₹361.80 Cr)

Akruti IPO Lot Size

The Akruti IPO market lot size is 12 shares. A retail-individual investor can apply for up to 30 lots (360 shares or ₹194,400).

ApplicationLotsSharesAmount (Cut-off)
Minimum112₹6,480
Maximum30360₹194,400
Company name has been changed to Ackruti City Limited.

Akruti IPO Subscription Status (Bidding Detail)

The Akruti IPO is subscribed 81.05x times on Jan 19, 2007 17:00. The public issue subscribed 12.40x in the retail category, 118.10x in the QIB category, and 64.73x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
Total

81.05x

Akruti IPO Prospectus

Akruti IPO Rating

45
3.9
Rating:Rated 3.9 stars

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Akruti IPO Listing Date

Listing DateWednesday, February 7, 2007
BSE Script Code532799
NSE SymbolHUBTOWN
Listing InB1 Group of Securities
ISININE703H01016
IPO Price₹540 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹540.00
₹701.35
₹552.35
₹729.00
₹564.00
7,653,469
NSE
₹540.00
₹724.45
₹551.25
₹730.00
₹563.45
8,573,402

Akruti IPO Reviews / Ratings

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

Akruti Nirman Limited
Akruti Trade Centre,
Road No. 7, Marol MIDC,
Andheri (East), Mumbai 400 093, India

Phone: + 91 22 6703 7427
Email: ipo@akrutiestate.com
Website: http://www.akrutiestate.com

Akruti IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: anl-ipo@intimespectrum.com
Website: http://www.linkintime.co.in

Akruti IPO FAQs

  1. What is Akruti IPO?

    Akruti IPO is a main-board IPO of 6,700,000 equity shares of the face value of ₹10 aggregating up to ₹361.80 Crores. The issue is priced at ₹475 to ₹540 per equity share. The minimum order quantity is 12 Shares.

    The IPO opens on Jan 15, 2007, and closes on Jan 19, 2007.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When Akruti IPO will open?

    The Akruti IPO opens on Jan 15, 2007 and closes on Jan 19, 2007.

  3. What is the lot size of Akruti IPO?

    Akruti IPO lot size is 12 Shares and the minimum order quantity is 12 Shares.

  4. How to apply for Akruti IPO?

    You can apply in Akruti IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Akruti IPO allotment?

    The finalization of Basis of Allotment for Akruti IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Akruti IPO allotment status.

  6. When is Akruti IPO listing date?

    The Akruti IPO listing date is on Wednesday, February 7, 2007.

Akruti IPO Message Board

Ranked Members  Ranked Members

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110. JAI |Feb 18, 2007 01:45
i have bought 500 of this share at 545,can i hold or sell
109. Raja Vijayaraghavan |Feb 17, 2007 03:57
Get this stock at lower rate now. sure it would give good returns! wait for 6 months for the stock to rebound to its issue price and there is not stoping after dat!!!
108. manish |Feb 16, 2007 09:13
i bought akruti @ 619.00 * 1000 share =619000 because of good infra co.it got order of 50000 crores to be completed in next three yrs.high demand from property mkt could continue over decades.only concern is that in current mkt scnerio lower middle class cant think of buying property due to high cost & demand from upper middle class will not continue because of higher interest rate (may touch 14% in next 2yrs).
107. manish |Feb 16, 2007 09:04
for refund ...check allot status in detail on intimespectrum website or contcact intme for refund either direct credit/ecs/through cheque
106. Sagar |Feb 14, 2007 04:25
Naren - Hold on to this stock, its a good bet for medium to long term. The stock will bounce back once the markets are stable. You can average on dips.
105. Srinivasarao |Feb 13, 2007 03:51
Still now i didn't get the refund money of akruti nirman ipos.any body let me know how can i get ??
104. yogendra |Feb 13, 2007 03:38
I have not received refund amount of Akruti Construction and GBN yet. How I can get refund
103. naren |Feb 13, 2007 03:17
i bought 65 shares of Akruti at Rs. 680 on first day of listig. But it is at Rs. 455 to-day. What should I do.
Should I exit or wait.
The entire sector of infra is going down.
102. Sagar |Feb 13, 2007 01:53
Now you can buy it below the lower band of the IPO, currently at 450, don't know when this freefall will end for the construction stocks. Its good that I didn't get the allotment, I'll wait for it to come down further.
101. Shoel |Feb 13, 2007 01:31
WOW!
its fallen to 480...
Just above the lower end of IPO rate
am i glad i didnt get allocations or what!
100. Athar |Feb 10, 2007 13:51
and why do u think so ..... as akruti is crating new low every day ......@ K.K.Bindal
99. K.K.Bindal |Feb 10, 2007 00:50
Akruti Prise will go upper then Rs. 1250, according to my knowledge.
98. sankar |Feb 9, 2007 04:14
Tanmay

I also use icicidirect for trading. it is a fact that immediately after allocation we do not see the stock code against allocation; but on the date of listing before the market starts the code appears and we can first allocate the no. of shares to be sold and later trade when the market opens.
97. Sagar |Feb 8, 2007 23:20
Its really strange that most of the ICICI Direct customers are not getting refund through ECS but are getting refund orders in physical format delivered to their addressess. This is sheer wastage of time. Besides that the stock is now available close to its IPO price, it was a waste to apply to this IPO.
96. raja |Feb 8, 2007 20:12
I have been alloted 12 shares. I had applied for 48 shares, but I have not yet received by refudn amount. My account is with icici direct & icici bank. Who should I complain to? Anybody has SEBI address.
95. ramkrishna nanda |Feb 8, 2007 18:41
I had applied for 24 shares.But I am unable to find my IPO allocation status.Pz inform me.
94. ramkrishna nanda |Feb 8, 2007 18:39
I had applied for 24 shares.But I am unable to find my IPO allocation status.Pz infomrm me.
93. Athar |Feb 8, 2007 09:17
i have got 12 shares of Akruti ..... but as i was not able to sell it today this evening i found that it almost touched its isshue price .... Now should i keep on holding it or sell then what ever price i am getting ...........
92. tanmay |Feb 8, 2007 05:55
This morning I got an allocation of 12 Akruti shares in ICICI direct. However, I just could not put them up for sale since the system was prompting that the scrip is notb listed in any of the exchanges. Now I have returned from office and seeing that though the scrip opened strong, now it is at its cut off price. I could not sell them at the oppurtune moment now, I have to wait till the scrip rises. Anyone using ICICI direct please tell me if it is possible for putting a scrip up for sale on the listing day?? Thanks
91. nitin |Feb 8, 2007 04:00
i have not received the refund order yet,any one has received?







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