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Akruti Nirman IPO is a book build issue of ₹361.80 crores. The issue is entirely a fresh issue of 0.67 crore shares of ₹361.80 crore.
Akruti Nirman IPO bidding started from Jan 15, 2007 and ended on Jan 19, 2007. The shares got listed on BSE, NSE on Feb 7, 2007.
Akruti Nirman IPO price band is set at ₹540.00 per share . The lot size for an application is 12. The minimum amount of investment required by an retail is ₹5,700 (12 shares). The lot size investment for sNII is 31 lots (372 shares), amounting to ₹2,00,880, and for bNII, it is 155 lots (1,860 shares), amounting to ₹10,04,400.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Akruti Nirman IPO RHP for detailed Information.
| IPO Date | January 15, 2007 to January 19, 2007 |
| Listing Date | February 7, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹475 to ₹540 per share |
| Issue Price Final | ₹540 per share |
| Lot Size | 12 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 67,00,000 shares (aggregating up to ₹361.80 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,00,00,000 shares |
| Share Holding Post Issue | 6,67,00,000 shares |
Akruti IPO offers total 67,00,000 shares. Out of which 40,20,000 (60.00%) allocated to QIB, 6,70,000 (10.00%) allocated to NII, 20,10,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 40,20,000 (60.00%) | NA |
| NII (HNI) Shares Offered | 6,70,000 (10.00%) | NA |
| Retail Shares Offered | 20,10,000 (30.00%) | 1,67,500 |
| Total Shares Offered | 67,00,000 (100.00%) |
Akruti Nirman IPO opens on January 15, 2007, and closes on January 19, 2007.
| IPO Open Date | Mon, Jan 15, 2007 |
| IPO Close Date | Fri, Jan 19, 2007 |
| Tentative Listing Date | Wed, Feb 7, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 19, 2007 |
Investors can bid for a minimum of 12 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 12 | ₹6,480 |
| Retail (Max) | 30 | 360 | ₹1,94,400 |
| S-HNI (Min) | 31 | 372 | ₹2,00,880 |
| S-HNI (Max) | 154 | 1,848 | ₹9,97,920 |
| B-HNI (Min) | 155 | 1,860 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Akruti Nirman Ltd. is a Mumbai based real estate development company. At present, Akruti's primary business is the development of commercial and residential properties. Their operations include the identification and acquisition of land and land development rights, and the planning, execution and marketing of real estate projects.
In commercial business line, they build, lease and sell commercial office space, including office towers and information technology parks, with a focus on properties attractive to the information technology, information technology enabled services ("ITES") and business processing outsourcing ("BPO") industries and large multinational companies.
In residential business line, they develop multi-unit residential apartment buildings with residences ranging from one bedroom flats to higher end, five bedroom residences.
In new retail business line, they are currently developing six shopping malls which contain space for retail units, food courts, banquet halls and restaurants, in which they intend to lease space to retailers upon their completion.
| KPI | Values |
|---|---|
| RoNW | 59.01% |
The Company Akruti IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Acquisition of lands / rights in lands or development rights | 150.00 |
| 2 | Development and construction costs for projects under development and planned projects | 125.00 |
| 3 | Repayment of loans of the Company | 25.00 |
| 4 | General corporate purposes | |
| 5 | Issue related expenses |
| Listing Date | February 7, 2007 |
| BSE Script Code | 532799 |
| NSE Symbol | HUBTOWN |
| ISIN | INE703H01016 |
| Final Issue Price | ₹540 per share |
| BSE Listing Group | B1 |
Akruti Nirman Ltd.
Akruti Trade Centre,
Road No. 7, Marol MIDC,
Andheri (East),
Mumbai, Maharashtra, 400093
Phone: + 91 22 6703 7427
Email: ipo@akrutiestate.com
Website: http://www.akrutiestate.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: anl-ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Akruti Nirman IPO is a main-board IPO of 67,00,000 equity shares of the face value of ₹10 aggregating up to ₹361.80 Crores. The issue is priced at ₹540 per share. The minimum order quantity is 12.
The IPO opens on January 15, 2007, and closes on January 19, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Akruti Nirman IPO using UPI as a payment gateway. Zerodha customers can apply in Akruti Nirman IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Akruti Nirman IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Akruti Nirman IPO opens on January 15, 2007 and closes on January 19, 2007.
Akruti Nirman IPO lot size is 12, and the minimum amount required for application is ₹6,480.
You can apply in Akruti Nirman 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 Akruti Nirman IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Akruti Nirman IPO allotment status.
The Akruti Nirman IPO listing date is on Wednesday, February 7, 2007.
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