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Ratnabhumi Developers Limited IPO (Ratnabhumi Developers IPO) Detail

December 4, 2017 - December 6, 2017

Ratnabhumi Developers IPO is a fixed price issue of Rs 23.31 crores.

Ratnabhumi Developers IPO bidding started from December 4, 2017 and ended on December 6, 2017. The shares got listed on BSE SME on December 14, 2017.

Ratnabhumi Developers IPO price is ₹63 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹126,000.

Corporate Capitalventures Pvt Ltd is the book running lead manager of the Ratnabhumi Developers IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Ratnabhumi Developers IPO RHP for detailed information.

Ratnabhumi Developers IPO Details

IPO Date December 4, 2017 to December 6, 2017
Listing Date December 14, 2017
Face Value ₹10 per share
Price ₹63 per share
Lot Size 2000 Shares
Total Issue Size3,700,000 shares
(aggregating up to ₹23.31 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Ratnabhumi Developers IPO Reservation

Ratnabhumi Developers IPO offers 3,700,000 shares. 1,850,000 (50.00%) to NII, 1,850,000 (50.00%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered--
Other Shares Offered1,850,000 (50.00%)
Retail Shares Offered1,850,000 (50.00%)
Total Shares Offered3,700,000 (100%)

Ratnabhumi Developers IPO Lot Size

Investors can bid for a minimum of 2000 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 2000 ₹126,000
Retail (Max) 1 2000 ₹126,000
Lot Size Calculator

About Ratnabhumi Developers Limited

Ratnabhumi Developers Limited is Ahmedabad Gujrat based company engaged in real estate and construction business. During the period 2009-2012, our Company completed the project namely Ratna TURQUOISE costing Rs 65.63 Crores. During the period 2012-17, company's main business activities were selling and marketing of its commercial offices and shops constructed in our project Turquoise. Apart from selling and marketing of its commercials offices and shops, we have rented our shops, offices and spaces in our Project Turquoise to corporate clients for their business, commercials, advertisement and installing network equipment.

Objects of the Issue (Ratnabhumi Developers IPO Objectives)

The objects of the Issue are:
1. Acquisition of Land/Plot of Land and other strategic Initiatives;
2. Capital Contribution towards 45% stake in Rajul Projects LLP - Project Ratna Artemus II- Paldi, Ahmedabad
3. General Corporate Purpose;
4. Meeting Public Issue Expenses.

Ratnabhumi Developers IPO Review (Avoid)

[Dilip Davda]  There is no harm in giving this highly priced issue a miss. (Avoid) Read detail review...

Ratnabhumi Developers IPO Subscription Status (Bidding Detail)

The Ratnabhumi Developers IPO is subscribed times on December 6, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Ratnabhumi Developers IPO Prospectus

Ratnabhumi Developers IPO Rating

Rating:Rated 3.1 stars
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Ratnabhumi Developers IPO Listing Details

Listing Date December 14, 2017
BSE Script Code 540796
NSE Symbol
ISIN INE821Y01011
Final Issue Price ₹63 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Ratnabhumi Developers Limited Contact Details

Ratnabhumi Developers Limited
S.F. 207, Turquoise, Panchvati Panch Rasta,
Nr. White House, E.B., C.G. Road,
Ahmedabad 380 009
Phone: +91 79 2642 4209

Ratnabhumi Developers IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Ratnabhumi Developers IPO - Buy or Not

Ratnabhumi Developers IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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Ratnabhumi Developers IPO FAQs

Ratnabhumi Developers IPO is a SME IPO of 3,700,000 equity shares of the face value of ₹10 aggregating up to ₹23.31 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000 Shares.

The IPO opens on December 4, 2017, and closes on December 6, 2017.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Ratnabhumi Developers IPO opens on December 4, 2017 and closes on December 6, 2017.

Ratnabhumi Developers IPO lot size is 2000 Shares, and the minimum amount required is ₹126,000.

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

The Ratnabhumi Developers IPO listing date is on December 14, 2017.
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Ratnabhumi Developers IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



6. Suresh Rai |   Link |  Bookmark |December 12, 2017 4:05:13 PM
Even if Ratnabhumi Developers list at 10% negative, this will be big positive for Shradha infraprojects. In case Ratnabhumi list at premium, this will help Shradha to move higher.
5. Ocean |   Link |  Bookmark |December 5, 2017 10:46:39 PM
Very poor subscription figures. Good that investors are not flocking for this kind of mediocre IPOs.
4. U. H. U. U |   Link |  Bookmark |December 1, 2017 4:34:46 PM
This is total avoid.
But I am 100% sure that speculative activities will be there during 1st week of listing. Don''t get surprised if u see 60/70% return in first 10 days.
3. Subject to sauda |   Link |  Bookmark |November 30, 2017 4:33:03 PM
2. NPP |   Link |  Bookmark |November 30, 2017 10:11:33 AM
Compare Ahmadabad based construction companies , Share price etc and than decide .....
1. SekharG |   Link |  Bookmark |November 29, 2017 9:20:45 PM
Any feedback on this.