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B Right Realestate IPO is a fixed price issue of Rs 44.36 crores. The issue is entirely a fresh issue of 28.99 lakh shares.
B Right Realestate IPO bidding started from June 30, 2022 and ended on July 5, 2022. The allotment for B Right Realestate IPO was finalized on Friday, July 8, 2022. The shares got listed on BSE SME on July 13, 2022.
B Right Realestate IPO price is ₹153 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹122,400. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹244,800.
Gretex Corporate Services Limited is the book running lead manager of the B Right Realestate IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Refer to B Right Realestate IPO RHP for detailed information.
| IPO Date | June 30, 2022 to July 5, 2022 |
| Listing Date | July 13, 2022 |
| Face Value | ₹10 per share |
| Price | ₹153 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 2,899,200 shares (aggregating up to ₹44.36 Cr) |
| Fresh Issue | 2,899,200 shares (aggregating up to ₹44.36 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 145,600 shares |
B Right Realestate IPO offers 2,899,200 shares. 1,376,800 (47.49%) to NII, 1,376,800 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 145,600 (5.02%) |
| Other Shares Offered | 1,376,800 (47.49%) |
| Retail Shares Offered | 1,376,800 (47.49%) |
| Total Shares Offered | 2,899,200 (100%) |
B Right Realestate IPO opens on June 30, 2022, and closes on July 5, 2022.
| IPO Open Date | Thursday, June 30, 2022 |
| IPO Close Date | Tuesday, July 5, 2022 |
| Basis of Allotment | Friday, July 8, 2022 |
| Initiation of Refunds | Monday, July 11, 2022 |
| Credit of Shares to Demat | Tuesday, July 12, 2022 |
| Listing Date | Wednesday, July 13, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 5, 2022 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹122,400 |
| Retail (Max) | 1 | 800 | ₹122,400 |
| HNI (Min) | 2 | 1,600 | ₹244,800 |
| Lot Size Calculator | |||
Blow Sales LLP and Cheerful Dealtrade LLP are the company promoters.
| Share Holding Pre Issue | 99.98% |
| Share Holding Post Issue | 71.92% |
B Right Realestate Limited is an integrated construction and real estate development company that primarily focuses on the construction of residential and commercial projects. It has strong in-house capabilities to deliver the best quality projects.
It works with subsidiaries and stepdown subsidiaries. B-Right RealEstate Ventures LLP, BRV Leasing Andheri LLP, B-Right Realty Lonavala LLP, B-Right Housecon LLP, B-Right NY Esqure LLP, Jaliyan B-Right Developers LLP, B-Right Sejal Developers LLP, Darc Realty LLP, D.M. Realtors, Siddhivinayak Developers Kurar, and Parth Construction are its subsidaries.
Competitive strengths
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 11759.76 | 147.04 | 86.57 | 3522.69 | 3459.79 |
| 31-Mar-21 | 13441.76 | 118.77 | 58.44 | 8981.07 | 8888.17 |
| 31-Dec-21 | 15518.34 | 115.95 | 72.3 | 9053.34 | 8960.44 |
| Amount in ₹ Lakhs | |||||
The market capitalization of B Right Realestate IPO is Rs 158.07 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 164.52 |
The IPO aims to raise funds for the following objectives;
[Dilip Davda] This realty sector company has posted minuscule financial performance so far and based on its current earnings, the issue is exorbitantly priced. It is operating in a highly competitive and fragmented segment. There is no harm in ignoring this greedily priced IPO. Read detail review...
The B Right Realestate IPO is subscribed 1.21 times on July 5, 2022 6:29:00 PM. The public issue subscribed 0.60 times in the retail category, times in the QIB category, and 1.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.82 |
| Retail | 0.60 |
| Total | 1.21 |
| Listing Date | July 13, 2022 |
| BSE Script Code | 543543 |
| NSE Symbol | |
| ISIN | INE0IZQ01016 |
| Final Issue Price | ₹153 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹153.00 |
| ₹155.00 |
| ₹147.25 |
| ₹162.75 |
| ₹154.00 |
B Right Realestate Limited
702, 7th Floor, Shah Trade Centre, Rani Sati Marg,
Malad East, 400097, Mumbai
Phone: +91 22 4603 5689
Email: info@b-rightgroup.com
Website: http://www.b-rightgroup.com/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
SME Company Owners
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B Right Realestate IPO is a SME IPO of 2,899,200 equity shares of the face value of ₹10 aggregating up to ₹44.36 Crores. The issue is priced at ₹153 per share. The minimum order quantity is 800 Shares.
The IPO opens on June 30, 2022, and closes on July 5, 2022.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in B Right Realestate IPO using UPI as a payment gateway. Zerodha customers can apply in B Right Realestate IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in B Right Realestate IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The B Right Realestate IPO opens on June 30, 2022 and closes on July 5, 2022.
B Right Realestate IPO lot size is 800 Shares, and the minimum amount required is ₹122,400.
You can apply in B Right Realestate 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for B Right Realestate IPO will be done on Friday, July 8, 2022, and the allotted shares will be credited to your demat account by Tuesday, July 12, 2022. Check the B Right Realestate IPO allotment status.
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