Athena Constructions Ltd IPO (Athena Constructions IPO) Detail

Mar 25, 2015 - Mar 30, 2015

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.

Objects of the Issue

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.

Athena Constructions IPO Details

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 Size2,500,000 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
2. Mr. Santosh Chandrashekhar Nagar

Athena Constructions IPO Lot Size

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

Athena Constructions IPO Review

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.

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Athena Constructions IPO Prospectus

Athena Constructions IPO Rating

Rating:Rated 3.0 stars
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Athena Constructions IPO Listing Date

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

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Athena Constructions Ltd
203, Shyam Kamal,
A Wing,Tejpal Road,
Vile Parle(East) Mumbai 400059
Phone: +91-22-42091041

Athena Constructions IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Athena Constructions IPO Review

Athena Constructions IPO Recommendation Summary

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Athena Constructions IPO FAQs

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.

The Athena Constructions IPO listing date is on Thursday, April 16, 2015.
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