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Ratnabhumi Developers Limited IPO (Ratnabhumi Developers IPO) Detail

Dec 4, 2017 - Dec 6, 2017

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

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 Details

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

The Promoters of the Company are Mr. Kaivan Shah and Mrs. Meghna Shah.

Ratnabhumi Developers IPO Lot Size

The Ratnabhumi Developers IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹126,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹126,000
Retail (Max) 1 2000 ₹126,000

Ratnabhumi Developers IPO Review

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 Dec 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)
NII
Retail
Total

Ratnabhumi Developers IPO Prospectus

Ratnabhumi Developers IPO Rating

56
3.1
Rating:Rated 3.1 stars
Vote Here ...

Ratnabhumi Developers IPO Listing Date

Listing Date Thursday, December 14, 2017
BSE Script Code 540796
NSE Symbol
Listing In M Group of Securities
ISIN INE821Y01011
IPO Price ₹63 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹63.00
₹63.45
₹63.00
₹64.90
₹63.55

Company Contact Information

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
Email: compliance@ratnagroup.co.in
Website: http://ratnagroup.co.in/

Ratnabhumi Developers IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: rdl.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Ratnabhumi Developers IPO Review

Ratnabhumi Developers IPO Recommendation Summary

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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 Dec 4, 2017, and closes on Dec 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 Dec 4, 2017 and closes on Dec 6, 2017.

Ratnabhumi Developers IPO lot size is 2000 Shares and the minimum order quantity is .

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, Edelweiss, 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 Thursday, December 14, 2017.
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Ratnabhumi Developers IPO Message Board

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6 Comments

6. Suresh Rai |   Link |Dec 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 |Dec 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 |Dec 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.
I AM AVOIDING
3. Subject to sauda |   Link |Nov 30, 2017 4:33:03 PM
Avoid
2. NPP |   Link |Nov 30, 2017 10:11:33 AM
Compare Ahmadabad based construction companies , Share price etc and than decide .....
1. SekharG |   Link |Nov 29, 2017 9:20:45 PM
Any feedback on this.