|
|
Incorporated in 2003, Samruddhi Realty Ltd is the flagship company of Samruddhi Group and engaged in the business of real estate development. Company is headquartered in Bangalore and core area of operations is residential projects.
They have executed projects at different locations in the Bangalore region. They have an in-house architectural and designing team which co-ordinates the entire process from initiation of a project to its final delivery, that ensure quality of and timely execution of each project. Most of the developments carried out by them are on a joint development model with the land owners being given built up area. They currently follow a sale model for their residential projects.
Samruddhi Realty has only presence in Bangalore. Projects completed by the Company are Eastlynne Luxury Apartments, Whitefield, Regal Luxury Apartments, High Street, Royale Luxury Apartments, High Street, Grace Luxury Apartments, Viviani Road, Ananda Luxury Apartments, JP nagar, Bangalore.
The Objects of the Issue are as follows:
1. To reduce overall indebtedness of the Company by partial repayment of the outstanding long term loan from Karnataka Bank;
2. To Meet the Issue Expenses; and
3. To receive the benefits from listing of Equity Shares on the SME Platform of BSE.
| Samruddhi Realty IPO Date | Mar 28, 2013 to Apr 3, 2013 |
| Samruddhi Realty IPO Face Value | ₹10 per share |
| Samruddhi Realty IPO Price | ₹12 per share |
| Samruddhi Realty IPO Lot Size | 10000 Shares |
| Issue Size | 2,170,000 shares of ₹10 (aggregating up to ₹2.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The promoters of the company are: 1. Mr. V. R. Manjunath |
The Samruddhi Realty IPO lot size is 10000 shares. A retail-individual investor can apply for up to 1 lots (10000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹120,000 |
| Maximum | 1 | 10000 | ₹120,000 |
Considering the current down-turn in realty sector and the entry barrier, better to skip this IPO.
Read detail review...
Samruddhi Realty IPO Recommendation by Members Samruddhi Realty IPO Recommendations Details | Post Recommendation | Manage Recommendations
| Subscribe | Neutral | Avoid |
|---|---|---|
| 0 | 0 | 0 |
No Record Found.
| Listing Date | Friday, April 12, 2013 |
| BSE Script Code | 535466 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE621O01016 |
| IPO Price | ₹12 per share |
| Face Value | ₹10 per share |
|
|
Samruddhi Realty Ltd
202, Raheja Chambers,
12, Museum Road,
Bangalore, Karnataka – 560001
Phone: +91 – 80 - 65690190
Email: cssamruddhi@samruddhigroup.com
Website: http://www.samruddhirealty.com
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 - 2851 5606
Email: info@sharexindia.com
Website: http://www.sharexindia.com
Samruddhi Realty IPO is a SME IPO of 2,170,000 equity shares of the face value of ₹10 aggregating up to ₹2.60 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 10000 Shares.
The IPO opens on Mar 28, 2013, and closes on Apr 3, 2013.
Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Samruddhi Realty IPO opens on Mar 28, 2013 and closes on Apr 3, 2013.
Samruddhi Realty IPO lot size is 10000 Shares and the minimum order quantity is .
You can apply in Samruddhi Realty 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 Samruddhi Realty IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Samruddhi Realty IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Useful Articles
|
|
Thanks