Fixed Price IPO | ₹15 Cr | Listed at NSE SME | Tue, Jun 27, 2017 - Fri, Jun 30, 2017
Pushpanjali Realms IPO is a fixed issue price of ₹14.55 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹14.55 crore.
Pushpanjali Realms IPO bidding started from Jun 27, 2017 and ended on Jun 30, 2017. The shares got listed on the NSE SME on Jul 10, 2017.
Pushpanjali Realms IPO is set final issue price at ₹55 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Choice Equity Broking Pvt.Ltd.
Refer to Pushpanjali Realms IPO RHP for detailed Information.
IPO Open
Tue, Jun 27, 2017
IPO Close
Fri, Jun 30, 2017
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹55.06 Cr
| IPO Date | 27 to 30 Jun, 2017 |
| Listed on | Mon, Jul 10, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 26,46,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 1,34,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.7370 Cr) |
| Fresh Issue (Ex Market Maker) | 25,12,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 25,12,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 73,65,000 shares |
| Share Holding Post Issue | 1,00,11,000 shares |
| NSE Symbol | PUSHPREALM |
| ISIN | INE728W01012 |
Pushpanjali Realms IPO comprises a total issue size of 26,46,000 shares. The net offer to the public is 25,12,000 shares, after excluding 1,34,000 shares allotted on a firm basis. Of the Net offer 12,56,000 (50.00%) allocated to NII 12,56,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,56,000 | 50.00% | 47.47% |
| Retail Shares Offered | 12,56,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,34,000 | 5.06% | |
| Total Shares Offered | 26,46,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Incorporated in 2013, Pushpanjali Realms and Infratech Ltd is a real estate development company focused primarily on construction and development of residential projects.
COMPETITIVE STRENGTHS
1. Sizeable and diverse portfolio of projects in Dehradun, Uttarakhand, India
2. An established Brand name and execution track record
3. Quality Assurance and Standards
4. Cordial relations with our customers and contractors
They have successfully executed one Residential Project named Upscale Living in Dehradun, Uttarakhand. Currnently company's ongoing Projects are 1. Eminent Heights, Dehradun, Uttarakhand, 2. Orchid Park, Dehradun, Uttarakhand.
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Relstruct Buildcon Ltd. | SME | ₹23.36 Cr | ₹50 | null | ₹46.75 | -6.50% | (+0.00%) |
| Manas Properties Ltd. | SME | ₹39.96 Cr | ₹360 | null | ₹360.20 | +0.06% | (+0.00%) |
| India Green Reality Ltd. | SME | ₹10.38 Cr | ₹30 | null | ₹30.15 | +0.50% | (+0.00%) |
| Art Nirman Ltd. | SME | ₹5.01 Cr | ₹25 | null | ₹30.00 | +20.00% | ₹40.00 (+2.25%) |
| Dhanuka Realty Ltd. | SME | ₹4.22 Cr | ₹40 | null | ₹41.25 | +3.12% | ₹10.85 (+4.83%) |
| Pansari Developers Ltd. | SME | ₹10.19 Cr | ₹22 | null | ₹22.90 | +4.09% | ₹360.65 (+0.00%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the fund requirements for execution of the Ongoing Projects including working Capital Requirements | 11.19 |
| 2 | General Corporate Purposes | 2.90 |
| 3 | Issue Expenses | 0.46 |
The Pushpanjali Realms IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | 1.08 | 25,12,000 | 27,18,000 | 617 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrar, Market Maker, Bankers etc. | 0.33 |
| 2 | Marketing and advertising expenses | 0.04 |
| 3 | Printing, distribution and stationary expenses | 0.03 |
| 4 | Regulatory Fees & Other Expenses | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹55.00 |
| Low | ₹52.00 |
| High | ₹56.00 |
| Last Trade | ₹55.45 |
Lead Manager Reports
Pushpanjali Realms IPO is a SME IPO of 26,46,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Jun 27, 2017, and closes on Fri, Jun 30, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pushpanjali Realms IPO using UPI as a payment gateway. Zerodha customers can apply in Pushpanjali Realms IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pushpanjali Realms IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pushpanjali Realms IPO opens on Tue, Jun 27, 2017 and closes on Fri, Jun 30, 2017.
Pushpanjali Realms IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Pushpanjali Realms IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Pushpanjali Realms IPO will be done on Wednesday, July 5, 2017, and the allotted shares will be credited to your demat account by . Check the Pushpanjali Realms IPO allotment status.
The Pushpanjali Realms IPO listing date is on Mon, Jul 10, 2017.
