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Brigade IPO is a book built issue of Rs 648.36 crores.
Brigade IPO bidding started from December 10, 2007 and ended on December 13, 2007. The shares got listed on BSE, NSE on December 31, 2007.
Brigade IPO price band is set at ₹351 to ₹390 per share. The minimum lot size for an application is 16 Shares. The minimum amount of investment required by retail investors is ₹6,240.
Axis Capital Limited, ICICI Securities Limited and J.P. Morgan India Private Limited are the book running lead managers of the Brigade IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Brigade IPO RHP for detailed information.
| IPO Date | December 10, 2007 to December 13, 2007 |
| Listing Date | December 31, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹351 to ₹390 per share |
| Lot Size | 16 Shares |
| Total Issue Size | 16,624,720 shares (aggregating up to ₹648.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Investors can bid for a minimum of 16 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 | 16 | ₹6,240 |
| Retail (Max) | 32 | 512 | ₹199,680 |
| Lot Size Calculator | |||
Incorporated in 1990, Brigade Enterprises Limited is one of the leading real estate development company based in Bangalore, primarily focused on the development of residential, commercial and hospitality properties in South India.
Brigade�s commercial properties include commercial office space, software and IT parks, schools, hospitals and retail malls with entertainment facilities, such as multiplexes. They are also involved in the hospitality business. Some of their developed commercial properties in the main business areas of Bangalore include �Brigade Software Park�, �Brigade South Parade� and �Brigade Techpark�.
Brigade�s prominent clients who occupy these premises include Cisco Systems India Private Limited, Digi Captions India Private Limited, Mahindra Engineering Design & Development Company Limited, Mindtree Consulting Limited, Spice Communications Limited, Tata Coffee Limited and TTK Prestige Limited.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To meet the expenses of acquisition of land;
2. Construction and development costs in relation to Ongoing Projects and Forthcoming Projects;
3. To meet the general corporate purposes;
4. To meet the long term working capital requirements of the Company.
The Brigade IPO is subscribed 13.07 times on Dec 13, 2007 5:00:00 PM. The public issue subscribed 5.59 times in the retail category, 18.29 times in the QIB category, and 4.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | December 31, 2007 |
| BSE Script Code | 532929 |
| NSE Symbol | BRIGADE |
| ISIN | INE791I01019 |
| Final Issue Price | ₹390 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹390.00 |
| ₹399.70 |
| ₹365.80 |
| ₹409.40 |
| ₹378.55 |
| NSE |
|---|
| ₹390.00 |
| ₹430.00 |
| ₹355.15 |
| ₹489.90 |
| ₹379.90 |
Brigade Enterprises Limited
Pent House Brigade Towers,
135 Brigade Road,
Bangalore - 560025, Karnataka, India
Phone: +91-8041-379200
Email: investors@brigadegroup.com
Website: http://www.brigadegroup.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: brigadeipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Brigade IPO is a main-board IPO of 16,624,720 equity shares of the face value of ₹10 aggregating up to ₹648.36 Crores. The issue is priced at ₹351 to ₹390 per share. The minimum order quantity is 16 Shares.
The IPO opens on December 10, 2007, and closes on December 13, 2007.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Brigade IPO opens on December 10, 2007 and closes on December 13, 2007.
Brigade IPO lot size is 16 Shares, and the minimum amount required is ₹6,240.
You can apply in Brigade 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 Brigade IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Brigade IPO allotment status.
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