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Karda Construction Ltd IPO (Karda Construction IPO) Detail

Mar 16, 2018 - Mar 21, 2018

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.

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Company Promoters:

The Promoters of the Company are:

1. Mr. Naresh Karda

Company Financials:

Summary of financial Information (Restated Standalone)
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

Objects of the Issue:

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.

Karda Construction IPO Details

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 Size4,300,000 Eq Shares of ₹10
(aggregating up to ₹77.40 Cr)

Karda Construction IPO Tentative Timetable

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

Karda Construction IPO Lot Size

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

Karda Construction IPO Review

Issue appears fully priced. However, considering bright prospects for the low cost housing going forward and the company having major thrust for low cost housing projects, Investors may consider investment for long term.

Read detail review...

Karda Construction IPO Subscription Status (Bidding Detail)

The Karda Construction IPO is subscribed 2.53 times on 3/21/2018 9:00:00 PM. The public issue subscribed 2.01 times in the retail category, 1.55 times in the QIB category, and 3.44 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.55
NII3.44
Retail2.01
Total2.53

Karda Construction IPO Prospectus

Karda Construction IPO Rating

356
4.0
Rating:Rated 4.0 stars
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Karda Construction IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹180.00
₹136.00
₹136.00
₹142.80
₹142.80
NSE
₹180.00
₹136.00
₹129.20
₹142.80
₹142.80

Company Contact Information

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

Karda Construction IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Karda Construction IPO Reviews / Ratings

Karda Construction IPO FAQs

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.

The Karda Construction IPO listing date is on Monday, April 2, 2018.

Karda Construction IPO Message Board

Ranked Members  Ranked Members

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333 Comments

199. singhalVineet |May 15, 2018 4:17:20 PM
Hi,

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.
198. Aniketiaf |Apr 14, 2018 9:42:13 AM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
After Sandhar & Midhani , Now it's Karda turn to run.....
198.1. Ashish Khater |Apr 14, 2018 12:55:12 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
hope for a good run on monday

Ashish Khater

197. ARUN KUMAR SHRIVASTAV |Apr 10, 2018 2:52:24 PM
What is going there on. I thing it is cheating from small investor.
196. Kenny |Apr 4, 2018 5:43:33 PM
Just one thing guys..

Today 10,300 was a big resistance for nifty, it touched 10,280 odd and turned back.. so imo tomorrow we may open below 10k and 9950 / 9700 on cards and may breach very soon..

This is just my study, i can be 100% wrong too.. so take your trade after having proper knowledge of trade and with help of your fanancial advisor.

Disc. Sold 70% of holdings between 8th - 14th january.. and will enter again if nifty close above 10,500 or close below 9600..

Note - " Nifty p/e still above 25x "

I hope i can be helpful to someone.. :-)

Cheers.. :-)

196.1. rvr |Apr 7, 2018 2:04:25 PM
asusual u r wrong
195. Arup jamshed |Apr 6, 2018 6:41:28 PM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Still below the issue price.koi batayega kya khichuri pak raha hai
195.1. Cool Sunshine |Apr 7, 2018 1:06:45 AM
Nobody will know kya khichdi pak rahi hai........

The stock has seen 3-4 UC of 5% and it consolidated today. Now the stock can move either way. Since there are people who have bought the stock around 140 may decide to exit now at close to 165 and stock starts falling. If mutual funds and other institutional investors have entered the stock then there may not be much fall and stock may head towards listing price. yesterday was the only day when stock has traded freely and volume has been very low at 43K shares only. Hence volatility to continue for some more time before any trend emerges.

Since the float is very low....the stock can have big moves in any direction. For risk averse investors short term investors....165-175 is a reasonable point to exit but long term investors may wait for the stock to move out of T2T and then decide based on trend the stock follows. This is IMO only.

DiscL: I am not invested in this stock and currently not looking to invest in this stock for long term as pursuing other opportunities. I will still keep an eye on this stock for short term trades.
194. ramsita |Apr 5, 2018 2:38:03 PM
कब तक buyerpack चलेगा।
Abhi purchage kare kya ?????
193. Cool Sunshine |Apr 4, 2018 2:51:26 PM
Message to Moderator,

Just want to check with you if it is ok to use offensive language in chittorgarh forums like this ID "Kenny" is using to attack other boarders.

I am all for constructive criticism but still expect some civility and decorum in online forums.

Request your review and feedback.
192. akshay. |Apr 4, 2018 11:09:34 AM
i bought 100 share @146 on 3 march 2018 but today i am not able to sell these share why?thanks in advance
192.4. Cool Sunshine |Apr 4, 2018 2:34:27 PM
Shitty Kenny. Ignored once again.

192.5. Cool Sunshine |Apr 4, 2018 2:39:26 PM
@Akshay,

I have bought and sold shares on the same day and different brokerage provide different time duration limit for the same.

If the share is in T2T (trade to trade), then delivery is compulsory while it remains in T2T. You will be able to sell Karda only after you receive the delivery. I have also noticed different brokerage credit shares for delivery at different time in the day.
191. shaakaal |Apr 4, 2018 12:45:36 PM
IPO Guru IPO Guru (1200+ Posts, 2900+ Likes)
it could be next PSP Project
190. Cool Sunshine |Apr 4, 2018 12:39:33 PM
It is heartening to see that post listing this stock is moving in UCs but beware that trend may reverse anytime.

When probability of gains in short term seems lower, my belief is to act in a manner which minimizes the risk of losses and be cautious.

Above is in the context of short term approach only. I would not comment on long term as I am not focussing this stock for long term as there are so many good established stocks are already available in secondary market where probability and extent of gains are much more.

Discl: My comments reflect my thinking and beliefs at the time of posting only. I reserve the right to act in any manner for my own investments and I may change, reverse & adapt my decision for my investment anytime. If you believe, my posts are to misguide you, avoid following them.
189. Cool Sunshine |Apr 2, 2018 11:51:07 AM
Warren Buffet always believe that IPO mechanism is unfair to investors and disliked IPOs and advised caution in IPO investing. He has grown very old/outdated and his mantras do not influence investing habits of newer investors in India.

In India almost 60% retail demat account are added in last 3-4years when market had stupendous run driven by excess liquidity sans fundamentals. Investors mantra taught to these new investors:

1. IPO is sure shot listing lottery mechanism.
2. Fundamentals is foolish word.
3. Business model doesn't matter.
4. Cash flow is for accountants not for investors.
5. Who ever suggest AVOID, is desh drohi and need to appear in court of law to justify.
6. Listing below issue price is fine but if some one advise d AVOID and after 2-3 weeks stock price somehow rises even 10 paise above issue price then person saying AVOID should be crucified or send to gallows while completely ignoring what happens to stock after 2-3 months.
7. Ignore or forget 'G' (grey) in 'GMP' and treat it is as 'MP' straight forward 'Market premium' . If quoted value doesn't seem bullish enough blast or crucify the quoter (traitor).

Suggestion: To be successful in Equity Market......build your own mantras instead of following someone else.
189.4. Cool Sunshine |Apr 3, 2018 11:54:09 AM
ignoring kenny
189.5. Cool Sunshine |Apr 3, 2018 9:42:58 PM
Dear All,

My above post was a satire on investing habits. Some of the people (all of you know who those all are) did not understand this and made fool of themselves once again in the forum by their un-necessary attacks.

Please also refer to my posts in Mishra Dhatu forum from where this post has originated.

Warren buffet, or any of our indian analyst from large firms have lot of things to learn from . I may not worship them but never fail to listen to what they say and try to learn as much as possible. For that I listen to everyone on chittorgarh and see if there is anything I can learn from them.

While I am not a worshipper but I am still in awe of Warren Buffet (Oracle of Omaha) for his simplicity and work ethics despite touching zenith of financial investing.
188. akshay. |Apr 3, 2018 3:42:19 PM
thanks buddy i get your point my mistake.
187. akshay. |Apr 3, 2018 12:00:50 PM
hey ,one think i want to know karda construction last year profit is approx 800 cr but there market cap is just 175cr how it is possible?
187.1. shaakaal |Apr 3, 2018 12:30:15 PM
IPO Guru IPO Guru (1200+ Posts, 2900+ Likes)
it is 800 lakh i.e 8 cr
186. Cool Sunshine |Apr 3, 2018 12:29:01 PM
Now floods of IPO abating and good % of recent IPOs giving negative returns several people and IDs on the forum are focussing their time and energy in pulling down whatever the sane discussions still continuing in the forums.

Remember there will always be barking dogs on the street whichever path we chose. Hence despite deliberate , desperate and direct attacks, one should not stop their good work.

Dogs keeps barking and Caravan keeps moving.
185. Kartikdevd |Apr 3, 2018 12:25:17 PM
This is going Apex Frozen mode. Circuit pe circuit, circuit pe curcuit.
184. Umang and his ultrasonic uproar |Apr 2, 2018 11:59:41 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Dow jones has plunged 600 points again. Let's see what happens to our market tommorow.
184.1. shaakaal |Apr 3, 2018 3:38:06 AM
IPO Guru IPO Guru (1200+ Posts, 2900+ Likes)
Umangbhai , any view on karda ?
am holding it.
183. Hira chand nahar |Apr 2, 2018 10:32:50 PM
????????
182. Thiagarajan Ramasamy |Apr 2, 2018 8:25:54 PM
Karda will come out of T2T and commence normal trading from 16/04/2018 onwards.
182.1. shaakaal |Apr 2, 2018 9:29:47 PM
IPO Guru IPO Guru (1200+ Posts, 2900+ Likes)
any target after 10-15 days ?
my broker told to hold till 170.
181. WAHEGURU |Apr 2, 2018 8:18:13 PM
Do not follow HARIT he is big chor and cheater giving wrong advice I sell Bandhan bank on his advice in grey market 7 application
181.1. shaakaal |Apr 2, 2018 9:27:38 PM
IPO Guru IPO Guru (1200+ Posts, 2900+ Likes)
he is headache for the whole forum.Nobody like him.gamble and other senier members left due to him.
180. Ankush Dhengale |Apr 2, 2018 7:13:21 PM
but other t segment stock not use upper and lower circuit
180.1. VALUE INVESTOR |Apr 2, 2018 7:18:02 PM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
It is applicable only for new listings. Once it is out of T2T, it will trade like other regular stocks.