Bookbuilding IPO | ₹362 Cr | Listed at BSE, NSE | Mon, Jan 15, 2007 - Fri, Jan 19, 2007
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 per share. The lot size for an application is 12. The minimum amount of investment required by an retail is ₹6,480 (12 shares) (based on upper price). 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 Open
Mon, Jan 15, 2007
IPO Close
Fri, Jan 19, 2007
Issue Price
₹540 per share
Market Cap (Pre-IPO)
₹3,601.80 Cr
| IPO Date | 15 to 19 Jan, 2007 |
| Listed on | Wed, Feb 7, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹475 to ₹540 |
| Issue Price | ₹540 per share |
| Lot Size | 12 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 67,00,000 shares (agg. up to ₹362 Cr) |
| Fresh Issue | 67,00,000 shares (agg. up to ₹362 Cr) |
| Share Holding Pre Issue | 6,00,00,000 shares |
| Share Holding Post Issue | 6,67,00,000 shares |
| BSE Script Code / NSE Symbol | 532799 / HUBTOWN |
| ISIN | INE703H01016 |
Akruti Nirman IPO comprises a total issue size of 67,00,000 shares. Out of which, 40,20,000 (60.00%) are allocated to QIB, 6,70,000 (10.00%) allocated to NII 20,10,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 12 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 36.58 |
| 5 | Issue Related Expenses | 25.22 |
| Total | 361.80 |
| KPI | |
|---|---|
| RoNW | 59.01% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 89.96% |
| Market Cap | ₹3,601.80 Cr. |
The Akruti IPO is subscribed 81.05 times on January 19, 2007 5:00:00 PM (Day 5). The public issue subscribed 12.4 times in the retail category, 118.1 times in the QIB category, and 64.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commission | 9.19 |
| 2 | Advertising and Marketing expenses | 7.25 |
| 3 | Printing and stationery | 3.50 |
| 4 | Others (Monitoring agency fees, Registrars fee, legal fees, etc.) | 5.28 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹540.00 | ₹540.00 |
| Open | ₹701.35 | ₹724.45 |
| Low | ₹552.35 | ₹551.25 |
| High | ₹729.00 | ₹730.00 |
| Last Trade | ₹564.00 | ₹563.45 |
Lead Manager Reports
Akruti Nirman IPO is a main-board IPO of 67,00,000 equity shares of the face value of ₹10 aggregating up to ₹362 Crores. The issue is priced at ₹540 per share. The minimum order quantity is 12.
The IPO opens on Mon, Jan 15, 2007, and closes on Fri, Jan 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 Mon, Jan 15, 2007 and closes on Fri, Jan 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 Wed, Feb 7, 2007.
