Giriraj Civil Developers Ltd IPO (Giriraj Civil Developers IPO) Detail

Mar 19, 2018 - Mar 21, 2018

Incorporated in 2005, Giriraj Civil Developers Ltd is a Mumbai based civil works contracting and engineering company. The company is also engaged in trading activities, wherein they trade construction materials, mainly steel and cement.

Currently they are doing Railway sector projects where they undertake a wide scope of work which includes construction of foot over bridges, platform extensions; sick line sheds, stabling lines etc. They are also engaged in infrastructural projects for government / semi-government bodies like MCGM and MRVC and for various private players.

The Company's mainly projects undertaken are in the states of Maharashtra and Gujarat. Currently it has 21 ongoing projects. Giriraj Civil also have Joint Ventures (JV) and consortiums with other infrastructure and construction companies.

As on December 31, 2017 the company had 34 employees.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 6,436.20 4,509.10 3,695.16 3,168.17 2,362.18
Total Revenue 4,527.02 4,821.48 4,995.42 5,674.18 4,224.83
Profit After Tax 178.79 175.00 189.48 196.58 149.02

Objects of the Issue

The object of the issue are to:

1. Repayment of unsecured loans;
2. Expenditure for general corporate purposes.

Giriraj Civil Developers IPO Details

Giriraj Civil Developers IPO Date Mar 19, 2018 to Mar 21, 2018
Giriraj Civil Developers IPO Face Value ₹10 per share
Giriraj Civil Developers IPO Price ₹100 per share
Giriraj Civil Developers IPO Lot Size 1200 Shares
Issue Size900,000 shares of ₹10
(aggregating up to ₹9.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are:

1. Mahesh Shah
2. Mamta Shah

Giriraj Civil Developers IPO Lot Size

The Giriraj Civil Developers IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 1200 ₹120,000
Retail (Max) 1 1200 ₹120,000

Giriraj Civil Developers IPO Review

Considering declining trends in performance issue appears fully priced. Cash surplus risk savvy investors may consider investment for long term on their own risk.

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Giriraj Civil Developers IPO Subscription Status (Bidding Detail)

The Giriraj Civil Developers IPO is subscribed 1.16 times on Mar 21, 2018 5:00:00 PM. The public issue subscribed 1.36 times in the retail category, times in the QIB category, and 0.96 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Giriraj Civil Developers IPO Prospectus

Giriraj Civil Developers IPO Rating

Rating:Rated 2.3 stars
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Giriraj Civil Developers IPO Listing Date

Listing Date Monday, April 2, 2018
BSE Script Code
Listing In
ISIN INE614Z01017
IPO Price ₹100 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹100.00
Open: ₹101.00
Low: ₹100.10
High: ₹101.00
Last Trade: ₹100.10

Company Contact Information

Giriraj Civil Developers Ltd
101 Jaitirth Co-Op. Hous. Society,
Road No.10 Borivali (East),
Mumbai - 400066
Phone: + 91-22-28906356

Giriraj Civil Developers IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

Giriraj Civil Developers IPO Review

Giriraj Civil Developers IPO Recommendation Summary

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Giriraj Civil Developers IPO FAQs

Giriraj Civil Developers IPO is a SME IPO of 900,000 equity shares of the face value of ₹10 aggregating up to ₹9.00 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200 Shares.

The IPO opens on Mar 19, 2018, and closes on Mar 21, 2018.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Giriraj Civil Developers IPO opens on Mar 19, 2018 and closes on Mar 21, 2018.

Giriraj Civil Developers IPO lot size is 1200 Shares and the minimum order quantity is .

You can apply in Giriraj Civil Developers 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 Giriraj Civil Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Giriraj Civil Developers IPO allotment status.

The Giriraj Civil Developers IPO listing date is on Monday, April 2, 2018.
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Giriraj Civil Developers IPO Message Board

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2. DownriteVJ |   Link |Mar 21, 2018 11:39:48 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Costly Bet. Avoid.
Even good sme ipo are not performing in current markets.
1. IPOANALYSIS |   Link |Mar 16, 2018 10:19:33 PM