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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.
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.
| IPO Opening Date | Jan 15, 2007 |
| IPO Closing Date | Jan 19, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹475 to ₹540 per equity share |
| Market Lot | 12 Shares |
| Min Order Quantity | 12 Shares |
| Listing At | BSE, NSE |
| Issue Size | 6,700,000 Eq Shares of ₹10 (aggregating up to ₹361.80 Cr) |
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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 12 | ₹6,480 |
| Maximum | 30 | 360 | ₹194,400 |
The Akruti IPO is subscribed 81.05 times on 1/19/2007 5:00:00 PM. The public issue subscribed 12.40 times in the retail category, 118.10 times in the QIB category, and 64.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Wednesday, February 7, 2007 |
| BSE Script Code | 532799 |
| NSE Symbol | HUBTOWN |
| Listing In | B1 Group of Securities |
| ISIN | INE703H01016 |
| IPO Price | ₹540 per equity share |
| Face Value | ₹10 per equity share |
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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
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: anl-ipo@intimespectrum.com
Website: https://linkintime.co.in/
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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.
The Akruti IPO opens on Jan 15, 2007 and closes on Jan 19, 2007.
Akruti IPO lot size is 12 Shares and the minimum order quantity is 12 Shares.
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.
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.
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