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 promoters of the comapany are:
1. Ashokkumar Raghuram Thakker
The objects of the Issue are:
1. Working Capital requirements;
2. General Corporate Purposes;
3. Issue Expenses.
| IPO Date | Sep 30, 2016 - Oct 7, 2016 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 2,004,000 Eq Shares of ₹10 (aggregating up to ₹5.01 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹25 Per Equity Share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | NSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹150,000 |
| Maximum | 1 | 6000 | ₹150,000 |
| Listing Date | Wednesday, October 19, 2016 |
| BSE Script Code | |
| NSE Symbol | ARTNIRMAN |
| Listing In | |
| ISIN | INE738V01013 |
| IPO Price | ₹25 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
Unit 1, Luthra Ind. Premises,
Safed Pool, Andheri - Kurla Road,
Andheri (East), Mumbai - 400 072
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 price of the IPO is ₹25 Per Equity Share. The minimum order quantity is 6000 Shares per application and the offer type is Fixed Price Issue.
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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Art Nirman IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
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