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Incorporated in 2011, Athena Constructions Ltd (ACL) is a real estate company poised on development residential, commercial, retail and other projects. It undertakes customized infrastructure projects and also in to trading of residential and commercial unit as well as in providing consultancies for real estate projects.
ACL is in the business of erection and construction of houses, buildings, commercial complexes and constructional works of every description on any land owned by the Company or upon any other land or immovable property owned by the landlord as a joint venture as well as co-developers. It is also engaged in purchasing, leasing, acquiring, exchanging or otherwise owning, holding, occupying, constructing, erecting, altering and developing colonies, theatres, bungalows, quarters, offices etc. Currently it has two projects on hand at Rajasthan and Gujarat.
The objects of the Issue are to:
1. Finance business expansion plans;
2. Achieve the benefits of listing on the SME platform of BSE Ltd.
| IPO Date | Mar 25, 2015 to Mar 30, 2015 |
| Listing Date | Thursday, April 16, 2015 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Issue Size | 2,500,000 shares of ₹10 (aggregating up to ₹2.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The Promoters of the Company are: 1. Mr. Ravikant Rathi |
The Athena Constructions IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
Despite at par offer, this is a high risk, low return IPO. However, HNI investors with surplus funds may consider it for a long term investment.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.
Read detail review...
| Listing Date | Thursday, April 16, 2015 |
| BSE Script Code | 539099 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE291R01011 |
| IPO Price | ₹10 per share |
| Face Value | ₹10 per share |
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Athena Constructions Ltd
203, Shyam Kamal,
A Wing,Tejpal Road,
Vile Parle(East) Mumbai – 400059
Phone: +91-22-42091041
Email: athenaconstructions2011@gmail.com
Website: http://constructions.athenaindia.co.in
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: http://www.purvashare.com
Athena Constructions IPO is a SME IPO of 2,500,000 equity shares of the face value of ₹10 aggregating up to ₹2.50 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on Mar 25, 2015, and closes on Mar 30, 2015.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Athena Constructions IPO opens on Mar 25, 2015 and closes on Mar 30, 2015.
Athena Constructions IPO lot size is 10000 Shares and the minimum order quantity is .
You can apply in Athena Constructions 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 Athena Constructions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Athena Constructions IPO allotment status.
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