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Incorporated in 2011, Art Nirman Ltd is Ahmedabad, Gujarat based real estate developer involve in development of residential & commercial projects. In 2013, company started construction of our first residential cum commercial project 'Shri Vishnudhara Cross Road' in Ahmedabad and successfully completed in 2016. The project include of 5 towers containing
total of 154 residential apartments of 2 and 3 BHK and 25 commercial shops, with a total built up area of 2,09,701 sq. ft.
Company carry all the construction activities by subcontracting the project work to third party contractors.
The objects of the Issue are:
1. Working Capital requirements;
2. General Corporate Purposes;
3. Issue Expenses.
| Art Nirman IPO Date | Sep 30, 2016 to Oct 7, 2016 |
| Art Nirman IPO Face Value | ₹10 per share |
| Art Nirman IPO Price | ₹25 per share |
| Art Nirman IPO Lot Size | 6000 Shares |
| Issue Size | 2,004,000 shares of ₹10 (aggregating up to ₹5.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | The promoters of the comapany are: 1. Ashokkumar Raghuram Thakker |
The Art Nirman IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹150,000 |
| Maximum | 1 | 6000 | ₹150,000 |
Being a costly bet, investors may give it a miss. The asking price is at a P/E of 40 plus against industry composite of 25 and that makes it a costly bet. Read detail review...
Art Nirman IPO Recommendation by Members Art Nirman IPO Recommendations Details | Post Recommendation | Manage Recommendations
| Subscribe | Neutral | Avoid |
|---|---|---|
| 0 | 0 | 0 |
No Record Found.
| Listing Date | Wednesday, October 19, 2016 |
| BSE Script Code | |
| NSE Symbol | ARTNIRMAN |
| Listing In | |
| ISIN | INE738V01013 |
| IPO Price | ₹25 per share |
| Face Value | ₹10 per share |
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Art Nirman Ltd
14 JBR Arcade 2nd Floor,
Nr R K Royal Hall Science City
Ahmedabad - 380060
Phone: + 91-8866404499
Email: info@artnirman.com
Website: http://www.artnirman.com
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 - 2851 5606
Email:
Website: http://www.sharexindia.com
Art Nirman IPO is a SME IPO of 2,004,000 equity shares of the face value of ₹10 aggregating up to ₹5.01 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000 Shares.
The IPO opens on Sep 30, 2016, and closes on Oct 7, 2016.
Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Art Nirman IPO opens on Sep 30, 2016 and closes on Oct 7, 2016.
Art Nirman IPO lot size is 6000 Shares and the minimum order quantity is .
You can apply in Art Nirman 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 Art Nirman IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Art Nirman IPO allotment status.
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