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Puranik Builders Limited IPO (Puranik Builders IPO) Detail

Incorprated in 1990, Puranik Builders Limited is a leading real estate company providing residential and commercial solutions across various categories. The company is among the prominent residential real estate developers in Mumbai Metropolitan Region ("MMR") and Pune Metropolitan Region ("PMR") based on several units currently being marketed in these regions.

The company has a longstanding presence of over 31 years in the real estate market in India, developing residential projects in the mid-income affordable housing segment in the MMR and the PMR real estate market.

As of July 31, 2021, The company had completed 35 projects in the MMR and PMR. As of July 31, 2021, Puranik Builders had developed 554,197 square meters (5,965,381 square feet) of Developable Area across 35 Completed Projects. In addition, as of July 31, 2021, The company had 17 Forthcoming Projects with an aggregate estimated Developable Area of 1,263,526 square meters (13,600,595 square feet).

The company has a customer-centric business model that focuses on designing theme-based developments to address customer requirements in various locations and price ranges.

Puranik Builders completed and ongoing theme-based projects include Rumah Bali, Puraniks City Reserva and Tokyo Bay in the MMR, and Aldea Espanola and Abitante in the PMR.

As of July 31, 2021, the company carried out 32 projects on their own and 43 projects through a joint development/ joint venture model.

In the four months ended July 31, 2021, and in Fiscal 2021, 2020 and 2019, the total income was Rs 1,911.30 million, Rs 5,135.60 million, Rs 7,302.40 million, and Rs 7,212.30 million, respectively.

Company Financials

Puranik Builders Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-191964.95721.2371.27258.861238.84
31-Mar-202008.32730.2451.23302.91285.81
31-Jul-202078.0442.380.39303.261337.17
31-Mar-212092.8513.5636.3336.731354.44
31-Jul-212108.7191.1317.53352.971366.74
Amount in ₹ Crore

Objects of the Issue

Each of the Selling Shareholders will be entitled to the respective portion of the proceeds of the Offer for Sale.

The net proceeds of the Fresh Issue ("Net Proceeds") are proposed to be utilised in the following manner:

1. prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company on a consolidated basis.

2. general corporate purposes.

Puranik Builders IPO Details

IPO Date to
Listing Date [.]
Face Value ₹10 per share
Price [.] to [.] per share
Lot Size
Issue Size
Fresh Issue[.] shares of ₹10
(aggregating up to ₹510.00 Cr)
Offer for Sale945,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
Company Promoters

Shailesh Puranik, Shrikant Puranik, Yogesh Puranik, Nilesh Puranik, Puranik Business Private Trust and Puranik Family Private Trust are the company promoters.

Puranik Builders IPO Promoter Holding

Pre Issue Share Holding 100.00%
Post Issue Share Holding

Puranik Builders IPO Prospectus

Puranik Builders IPO Rating

88
3.9
Rating:Rated 3.9 stars
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Company Contact Information

Puranik Builders Limited
PURANIK ONE, Near Kanchanpushpa Complex,
Opposite Suraj Water Park,
Kavesar, Ghodbunder Road, Thane (West) - 400 615
Phone: +91 22 2598 8888
Email: cs@puraniks.in
Website: https://www.puranikbuilders.com/

Puranik Builders IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: puranik.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Puranik Builders IPO Review

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Puranik Builders IPO FAQs

Puranik Builders IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .

The Puranik Builders IPO open and close dates are not available as of now.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Puranik Builders IPO using UPI as a payment gateway. Zerodha customers can apply in Puranik Builders IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Puranik Builders IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Puranik Builders IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Puranik Builders IPO dates are not announced. Please check back again after some time.

Puranik Builders IPO lot size and the minimum order quantity is not available at this time. Please check again later.

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

The Puranik Builders IPO listing date is not yet announced. The tentative date of Puranik Builders IPO listing is [.].
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