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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.
| IPO Date | Mar 28, 2013 to Apr 3, 2013 |
| Listing Date | Apr 12, 2013 |
| Face Value | ₹10 per share |
| Price | ₹12 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 2,170,000 shares (aggregating up to ₹2.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
The Samruddhi Realty IPO lot size is 10000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹120,000 |
| Retail (Max) | 1 | 10000 | ₹120,000 |
| Lot Size Calculator | |||
[Dilip Davda]
Considering the current down-turn in realty sector and the entry barrier, better to skip this IPO.
Read detail review...
| Listing Date | Apr 12, 2013 |
| BSE Script Code | 535466 |
| NSE Symbol | |
| ISIN | INE621O01016 |
| IPO Price | ₹12 per share |
| Price Details |
|---|
| IPO Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹12.00 |
| ₹13.00 |
| ₹12.75 |
| ₹13.65 |
| ₹13.65 |
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
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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, Nuvama, 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
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