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 Date | Mar 16, 2018 - Mar 21, 2018 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4,300,000 Eq Shares of ₹10 (aggregating up to ₹77.40 Cr) |
| 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 |
| Bid/Offer Opens On | Mar 16, 2018 |
| Bid/Offer Closes On | Mar 21, 2018 |
| Finalisation of Basis of Allotment | Mar 26, 2018 |
| Initiation of Refunds | Mar 27, 2018 |
| Credit of Shares to Demat Acct | Mar 28, 2018 |
| IPO Shares Listing Date | Apr 2, 2018 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 80 | ₹14,400 |
| Maximum | 13 | 1040 | ₹187,200 |
No. of Times Issue Subscribed (BSE + NSE) | ||||
|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Total |
Shares Offered | 430,000 | 1,720,000 | 2,150,000 | 4,300,000 |
Mar 21, 2018 21:00 | 1.55x | 3.44x | 2.01x | 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 |
|
|
|
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 price of the IPO is ₹175 to ₹180 Per Equity Share. The minimum order quantity is 80 Shares per application and the offer type is Book Built Issue.
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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Karda Construction IPO lot size is 80 Shares and the minimum order quantity is 80 Shares.
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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.