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B Right Realestate Limited IPO (B Right Realestate IPO) Detail

Jun 30, 2022 - Jul 5, 2022

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

  • Established brand reputation in the real estate sector.
  • Experienced team of managers.
  • Scalable business model and best quality construction projects.

Company Financials

B Right Realestate Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2011759.76147.0486.573522.693459.79
31-Mar-2113441.76118.7758.448981.078888.17
31-Dec-2115518.34115.9572.39053.348960.44
Amount in ₹ Lakhs

Objects of the Issue

The IPO aims to raise funds for the following objectives;

  • Meet working capital requirements.
  • General corporate purposes.

B Right Realestate IPO Details

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 Size2,899,200 shares of ₹10
(aggregating up to ₹44.36 Cr)
Fresh Issue2,899,200 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 Timeline (Tentative Timetable)

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

B Right Realestate IPO Lot Size

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

B Right Realestate IPO Promoter Holding

Pre Issue Share Holding 99.98%
Post Issue Share Holding 71.92%

B Right Realestate IPO Review

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...


B Right Realestate IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII1.82
Retail0.60
Total1.21

B Right Realestate IPO Prospectus

B Right Realestate IPO Rating

20
2.3
Rating:Rated 2.3 stars
Vote Here ...

B Right Realestate IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹153.00
₹155.00
₹147.25
₹162.75
₹154.00

Company Contact Information

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/

B Right Realestate IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com

B Right Realestate IPO Review

B Right Realestate IPO Recommendation Summary

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Members 0 0 1

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B Right Realestate IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'B Right Realestate IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The B Right Realestate IPO listing date is on Wednesday, July 13, 2022.
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