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Prakash Constrowell Ltd IPO (Prakash Constrowell IPO) Detail

September 19, 2011 - September 21, 2011

Prakash Constrowell IPO is a book built issue of Rs 60.00 crores.

Prakash Constrowell IPO bidding started from September 19, 2011 and ended on September 21, 2011. The shares got listed on BSE, NSE on October 4, 2011.

Prakash Constrowell IPO price band is set at ₹130 to ₹138 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹6,900.

Intensive Fiscal Services Private Limited is the book running lead manager of the Prakash Constrowell IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Prakash Constrowell IPO RHP for detailed information.

Prakash Constrowell IPO Details

IPO Date September 19, 2011 to September 21, 2011
Listing Date October 4, 2011
Face Value ₹10 per share
Price Band ₹130 to ₹138 per share
Lot Size 50 Shares
Total Issue Size4,347,826 shares
(aggregating up to ₹60.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Prakash Constrowell IPO Reservation

Prakash Constrowell IPO offers 4,615,385 shares. 2,307,692 (50.00%) to QIB, 692,308 (15.00%) to NII, 1,615,385 (35.00%) to RII. 32,307 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,450 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered2,307,692 (50.00%)NA
NII (HNI) Shares Offered692,308 (15.00%)
Retail Shares Offered1,615,385 (35.00%)32,307
Total Shares Offered4,615,385 (100%)

Prakash Constrowell IPO Lot Size

Investors can bid for a minimum of 50 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 50 ₹6,900
Retail (Max) 28 1400 ₹193,200
Lot Size Calculator

About Prakash Constrowell Ltd

Incorporated in 1996, Prakash Constrowell Ltd is a construction company engaged in the business of infrastructure development and civil construction.

Company mainly operates in the three segments of construction:

1. Infrastructure development includes construction and maintenance of roads / highways, bridges, including projects on public private partnership (PPP) model, industrial parks, workshops, hospitals, educational institutions;
2. Civil construction includes Government staff quarters, hostel buildings and auditoriums;
3. Residential and commercial real estate construction.

Prakash Constrowell is headquartered at Nasik, Maharashtra and has operations across the state of Maharashtra. Comapny has successfully executed a range of construction projects in the state of Maharashtra. Client list includes Public Works Department, Maharashtra State, National Building Construction Corporation (NBCC), Maharashtra State Police Housing & Welfare Corporation (MSPHWC), Maharashtra State Road Transport Corporation (MSRTC), Maharashtra State Electricity Distribution Company Ltd. (MSEDCL), Maharashtra State Power Generation Company Ltd, (MSPGCL), Indian Oil Corporation (IOC) etc

Company Financials

ParticularsFor the year/period ended (in Rs. Lakhs)
Total Income12,812.9111,498.076,359.652,784.033,672.55
Profit After Tax (PAT)968.68748.70293.98311.33288.89

Objects of the Issue (Prakash Constrowell IPO Objectives)

The object of the issue are:

1. To meet working capital requirement;
2. To Invest in Construction Equipments;
3. To Invest in Subsidiaries;
4. To meet General Corporate Purposes; and
5. To meet Public Issue Expenses.

Prakash Constrowell IPO Review (Avoid)

[Dilip Davda]  


The Company's income from operations on a consolidated basis as per the restated financials has grown from  Rs 26.40 crore in the year 2007-08 to Rs 126.91 crore in the year 2010-11 exhibiting a compounded annual growth rate of 68.77 % over the period of past four financial years. Its profit after tax on a consolidated basis as per the restated financials has grown from Rs 3.06 crore in the year 2007-08 to Rs 10.65 crore in the year 2010-11 exhibiting a compounded annual growth rate of 51.47 % over the period of past four financial years. However, if this earnings translated on the basis of enhanced equity post this issue, than the EPS for 2010-11 stands at Rs. 10 and the book value of Rs. 39 as on 31.3.2011 makes this offer at and around 13 P/E and 3.3 P/BV on the lower price band. Thus it looks aggressively priced and hence worth giving it a MISS

Read detail review...

Prakash Constrowell IPO Subscription Status (Bidding Detail)

The Prakash Constrowell IPO is subscribed 2.21 times on September 21, 2011 5:00:00 PM. The public issue subscribed 4.68 times in the retail category, 0.31 times in the QIB category, and 2.76 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Prakash Constrowell Ltd IPO Grading

CARE has assigned an IPO Grade 2 to Prakash Constrowell IPO. This means as per CARE, company has ' Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Prakash Constrowell IPO Report

Prakash Constrowell IPO Prospectus

Prakash Constrowell IPO Rating

Rating:Rated 3.9 stars
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Prakash Constrowell IPO Listing Details

Listing Date October 4, 2011
BSE Script Code 533605
ISIN INE023M01027
Final Issue Price ₹138 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Prakash Constrowell Ltd Contact Details

Prakash Constrowell Ltd
6/7 Falcon Plaza,
National Urdu High School Road,
Near Sarda Circle, Nasik - 422001, Maharashtra
Phone: +91 253 2590725

Prakash Constrowell IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Prakash Constrowell IPO - Buy or Not

Prakash Constrowell IPO Recommendation Summary

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Members 0 0 0

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Prakash Constrowell IPO FAQs

Prakash Constrowell IPO is a main-board IPO of 4,347,826 equity shares of the face value of ₹10 aggregating up to ₹60.00 Crores. The issue is priced at ₹130 to ₹138 per share. The minimum order quantity is 50 Shares.

The IPO opens on September 19, 2011, and closes on September 21, 2011.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Prakash Constrowell IPO opens on September 19, 2011 and closes on September 21, 2011.

Prakash Constrowell IPO lot size is 50 Shares, and the minimum amount required is ₹6,900.

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

The Prakash Constrowell IPO listing date is on October 4, 2011.
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Prakash Constrowell IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



81. JUBILANT |   Link |  Bookmark |October 5, 2011 12:47:11 PM
Dear santonuji
Now onwards operator will do oposite to your establishment
for example see PG electo was up continuously upto to selttlement day
Today prakash made reverse
80. terun patel |   Link |  Bookmark |October 5, 2011 9:45:24 AM
SKDASH Sir, i am i ahmedabad, but i spend 4 years in Karnataka and 2 years in i know some culture of these states.
79. santonu |   Link |  Bookmark |October 4, 2011 11:21:28 PM (200+ Posts)
If you really want to make money on listing day itself then wait till 2.10PM and just follow the trend. If it goes 30%+ or 30%-,then you can put your money according to the trend . after extensive study of intraday chart on listing day, this is donot enter before 2.10 on listing day
78. sh |   Link |  Bookmark |October 4, 2011 9:50:13 PM
Amit Gupta
Your prediction of 155 to 200+ came Hope you continue to make such predictions.
Would you mind telling us how you arrived at the 200+ figure?
77. Amit Gupta |   Link |  Bookmark |October 4, 2011 8:47:08 PM
So at the end who was right? Told you the operators will take it 200+
The trend for new listings has reversed now. Operators know very well that public is short selling these new listings, so they take the reverse wave...they take it to so high a level that most ppl lose a good chunk of money on shorting. So beware of all these new listings. Even if you want to make money still, follow the wave of the operators, sell on their steep dips, and buy while they try to take it upwards. Yeah you'll have to stick to your monitors for sure :-)
76. JUBILANT |   Link |  Bookmark |October 4, 2011 4:50:29 PM
SK dass sir ,I gone to my broker office to put applications for onelife and taksheel exactly left at 2:30hrs and saw there at 3:10hrs it was 220.Came with nervous and saw in my account superb--- it was 40shares leftout.thank god .I could have sold at 165 itself if I were infront of screen
75. SkDash |   Link |  Bookmark |October 4, 2011 3:06:43 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Jubiliant- R u in ? its 70% up
74. SkDash |   Link |  Bookmark |October 4, 2011 1:22:45 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Good going Jubiliant bhai. I am busy in pooja and coming back to seat in the mid to see the post and mails. Its flat within 9-10% and I dont think it will remain flat as it is. Will rock or crash at some point of time. So do the best with STRICT SL

Discl- No trading/ IPO allotment(since missed)
73. JUBILANT |   Link |  Bookmark |October 4, 2011 12:59:00 PM
sk dass sir,
Nowa days operator are traping both long side traders and short side traders and both are amking losses.
Today in absence of you I decided not to put my brain and I given this chance to decided by my 7 years old child.Now I am trading as per his wish,
So far good gain.
72. SkDash |   Link |  Bookmark |October 4, 2011 12:14:48 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
green horn sir- making cup of tea for whom :)
71. GreenHorn |   Link |  Bookmark |October 4, 2011 11:03:46 AM
Hi guys,

Was alloted 68 shares. I had put a SL at 145 when the share was trading at 149+ and went to make a cup of tea. When I came, SL had executed.

70. stocktrader |   Link |  Bookmark |October 4, 2011 10:47:04 AM
Fully Agree with SK Dash it can move any side fully operator driven already close to 1 crore shares have been traded in NSE only
69. noel |   Link |  Bookmark |October 4, 2011 10:45:43 AM
what is the target for prakash constrowell?????????????????????
68. sh |   Link |  Bookmark |October 4, 2011 10:15:27 AM
now below issue price. touched a low of 112.
67. SkDash |   Link |  Bookmark |October 4, 2011 10:10:37 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)

Not agree with you. It may fall sharply and operators may swing to catch both side. So keep yr SL intact.
66. SkDash |   Link |  Bookmark |October 4, 2011 9:51:08 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Jubiliant- Congrats- but have u offloaded fully or in part ?

Terun- yes, I am in Bangalore at present. R u here in bangalore ?
65. BHANUMATI |   Link |  Bookmark |October 4, 2011 9:50:17 AM
Amit Gupta you are 100% right
64. Amit Gupta |   Link |  Bookmark |October 4, 2011 9:48:10 AM
you can infact buy around 155 and wait till the operators take it to 200+
63. Amit Gupta |   Link |  Bookmark |October 4, 2011 9:37:19 AM
another operator driven listing. refrain from trading in it.
62. terun patel |   Link |  Bookmark |October 4, 2011 9:34:26 AM

r u in karnataka? because ayudhapuja is obsevered in this wishes for the same.