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 promoters of the company are:
1. Mr. V. R. Manjunath
2. Mr. Hemang D. Rawal
3. Mr. Ravindra M. Madhudi
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 - Apr 3, 2013 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 2,170,000 Eq Shares of ₹10 (aggregating up to ₹2.60 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹12 Per Equity Share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹120,000 |
| Maximum | 1 | 10000 | ₹120,000 |
| Listing Date | Friday, April 12, 2013 |
| BSE Script Code | 535466 |
| NSE Symbol | |
| Listing In | MT |
| ISIN | INE621O01016 |
| IPO Price | ₹12 Per Equity Share |
| Face Value | ₹10 Per Equity 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
Unit 1, Luthra Ind. Premises,
Safed Pool, Andheri - Kurla Road,
Andheri (East), Mumbai - 400 072
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 price of the IPO is ₹12 Per Equity Share. The minimum order quantity is 10000 Shares per application and the offer type is Fixed Price Issue.
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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Samruddhi Realty IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.
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