Incorporated in 2007, Karda Constriction Limited is engaged in construction business. They are a real estate development company which develops and sells residential and residential-cum-office projects in Nashik, India.
Company has successfully completed and delivered 15 residential projects and office space projects like Hari Smruti, Hari Amantran, Hari Shrushti, Hari Kunj, Hari NiwasHari Niketan, Hari Sankalp etc. They currently have 13 Ongoing and 3 Planned projects.
They have received “Mega Builder of the Year” award of Divya Marathi in June 2013, for having an exceptional performance in the real estate segment in Nashik.
The Promoters of the Company are:
1. Mr. Naresh Karda
Particulars | For the year/period ended (in Rs. Lakhs) | |||||
---|---|---|---|---|---|---|
31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
Total Assets | 24,853.72 | 24,961.42 | 23,304.63 | 18,612.39 | 16,238.73 | |
Total Revenue | 11,002.26 | 10,593.47 | 4,653.44 | 5,907.39 | 4,328.65 | |
Profit After Tax | 803.14 | 637.43 | 307.56 | 360.55 | 270.39 |
The object of the issue are to:
1. Part repayment of overdraft facilities;
2. Part repayment of term loans;
3. General corporate purpose;
4. Issue related expenses.
IPO Opening Date | Mar 16, 2018 |
IPO Closing Date | Mar 21, 2018 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹175 to ₹180 per equity share |
Market Lot | 80 Shares |
Min Order Quantity | 80 Shares |
Listing At | BSE, NSE |
Issue Size | 4,300,000 Eq Shares of ₹10 (aggregating up to ₹77.40 Cr) |
The Karda Construction IPO open date is Mar 16, 2018, and the close date is Mar 21, 2018. The issue may list on Apr 2, 2018.
IPO Open Date | Mar 16, 2018 |
IPO Close Date | Mar 21, 2018 |
Basis of Allotment Date | Mar 26, 2018 |
Initiation of Refunds | Mar 27, 2018 |
Credit of Shares to Demat Account | Mar 28, 2018 |
IPO Listing Date | Apr 2, 2018 |
The Karda Construction IPO market lot size is 80 shares. A retail-individual investor can apply for up to 13 lots (1040 shares or ₹187,200).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 80 | ₹14,400 |
Maximum | 13 | 1040 | ₹187,200 |
The Karda Construction IPO is subscribed 2.53x times on Mar 21, 2018 21:00. The public issue subscribed 2.01x in the retail category, 1.55x in the QIB category, and 3.44x in the NII category. Check Day by Day Subscription Details (Live Status)
Category | IPO Subscription |
---|---|
QIB | 1.55x |
NII | 3.44x |
RII | 2.01x |
Total | 2.53x |
Listing Date | Monday, April 2, 2018 |
BSE Script Code | 541161 |
NSE Symbol | KARDA |
Listing In | |
ISIN | INE278R01018 |
IPO Price | ₹180 per equity share |
Face Value | ₹10 per equity share |
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Karda Construction Ltd
2nd Floor Gulmohar Status,
Above Business Bank,
Samarth Nagar, Nashik - 422005
Phone: +91– 253 – 235 1090
Email: admin@kardaconstruction.com
Website: http://www.kardaconstruction.com
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Karda Construction IPO is a main-board IPO of 4,300,000 equity shares of the face value of ₹10 aggregating up to ₹77.40 Crores. The issue is priced at ₹175 to ₹180 per equity share. The minimum order quantity is 80 Shares.
The IPO opens on Mar 16, 2018, and closes on Mar 21, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Karda Construction IPO opens on Mar 16, 2018 and closes on Mar 21, 2018.
Karda Construction IPO lot size is 80 Shares and the minimum order quantity is 80 Shares.
You can apply in Karda Construction 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 Karda Construction IPO will be done on Mar 26, 2018, and the allotted shares will be credited to your demat account by Mar 28, 2018. Check the Karda Construction IPO allotment status.
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I cant find the recent annual or the quarterly reports for Karda, I thought its necessary to upload the statements once the company is listed.
Could some one please point out if I am missing something.