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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 IPO aims to raise funds for the following objectives;
| B Right Realestate IPO Date | Jun 30, 2022 to Jul 5, 2022 |
| B Right Realestate IPO Face Value | ₹10 per share |
| B Right Realestate IPO Price | ₹153 per share |
| B Right Realestate IPO Lot Size | 800 Shares |
| Issue Size | 2,899,200 shares of ₹10 (aggregating up to ₹44.36 Cr) |
| Fresh Issue | 2,899,200 shares of ₹10 (aggregating up to ₹44.36 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Blow Sales LLP and Cheerful Dealtrade LLP are the company promoters. |
B Right Realestate IPO opens on Jun 30, 2022, and closes on Jul 5, 2022. The B Right Realestate IPO bid date is from Jun 30, 2022 10.00 A.M. to Jul 5, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| B Right Realestate IPO Opening Date | Jun 30, 2022 |
| B Right Realestate IPO Closing Date | Jul 5, 2022 |
| Basis of Allotment | Jul 8, 2022 |
| Initiation of Refunds | Jul 11, 2022 |
| Credit of Shares to Demat | Jul 12, 2022 |
| B Right Realestate IPO Listing Date | Jul 13, 2022 |
The B Right Realestate IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹122,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 800 | ₹122,400 |
| Maximum | 1 | 800 | ₹122,400 |
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 71.92% |
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 Jul 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) |
|---|---|
| NII | 1.82 |
| Retail | 0.60 |
| Total | 1.21 |
| Listing Date | Wednesday, July 13, 2022 |
| BSE Script Code | 543543 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE0IZQ01016 |
| IPO Price | ₹153 per share |
| Face Value | ₹10 per share |
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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: http://www.purvashare.com
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 Jun 30, 2022, and closes on Jul 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 Jun 30, 2022 and closes on Jul 5, 2022.
B Right Realestate IPO lot size is 800 Shares and the minimum order quantity is .
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for B Right Realestate IPO will be done on Jul 8, 2022, and the allotted shares will be credited to your demat account by Jul 12, 2022. Check the B Right Realestate IPO allotment status.
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