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Art Nirman IPO is a fixed price issue of ₹5.01 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹5.01 crore.
Art Nirman IPO bidding started from Sep 30, 2016 and ended on Oct 7, 2016. The shares got listed on NSE SME on Oct 19, 2016.
Art Nirman IPO price is ₹25.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Hem Securities Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Art Nirman IPO RHP for detailed Information.
| IPO Date | September 30, 2016 to October 7, 2016 |
| Listing Date | October 19, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,04,000 shares (aggregating up to ₹5.01 Cr) |
| Reserved for Market Maker | 1,02,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.2550 Cr) |
| Net Offered to Public | 19,02,000 shares (aggregating up to ₹4.76 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 56,00,000 shares |
| Share Holding Post Issue | 76,04,000 shares |
Art Nirman IPO offers total 20,04,000 shares. Out of which 9,48,000 (47.31%) allocated to NII, 9,54,000 (47.60%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,02,000 (5.09%) |
| NII (HNI) Shares Offered | 9,48,000 (47.31%) |
| Retail Shares Offered | 9,54,000 (47.60%) |
| Total Shares Offered | 20,04,000 (100.00%) |
Art Nirman IPO opens on September 30, 2016, and closes on October 7, 2016.
| IPO Open Date | Fri, Sep 30, 2016 |
| IPO Close Date | Fri, Oct 7, 2016 |
| Tentative Listing Date | Wed, Oct 19, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 7, 2016 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Incorporated in 2011, Art Nirman Ltd is Ahmedabad, Gujarat based real estate developer involve in development of residential & commercial projects. In 2013, company started construction of our first residential cum commercial project 'Shri Vishnudhara Cross Road' in Ahmedabad and successfully completed in 2016. The project include of 5 towers containing
total of 154 residential apartments of 2 and 3 BHK and 25 commercial shops, with a total built up area of 2,09,701 sq. ft.
Company carry all the construction activities by subcontracting the project work to third party contractors.
The Company Art Nirman 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 | To Meet Working Capital Requirement | 4.25 |
| 2 | General Corporate Purpose | 0.36 |
[Dilip Davda] Being a costly bet, investors may give it a miss. The asking price is at a P/E of 40 plus against industry composite of 25 and that makes it a costly bet. Read detail review...
| Listing Date | October 19, 2016 |
| BSE Script Code | |
| NSE Symbol | ARTNIRMAN |
| ISIN | INE738V01013 |
| Final Issue Price | ₹25 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹27.55 |
| Low | ₹27.50 |
| High | ₹30.00 |
| Last Trade | ₹30.00 |
Art Nirman Ltd.
14 JBR Arcade 2nd Floor,
Nr R K Royal Hall Science City
Ahmedabad - 380060
Ahmedabad, Gujarat
Phone: + 91-8866404499
Email: info@artnirman.com
Website: http://www.artnirman.com
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email:
Website:
Art Nirman IPO is a SME IPO of 20,04,000 equity shares of the face value of ₹10 aggregating up to ₹5.01 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on September 30, 2016, and closes on October 7, 2016.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Art Nirman IPO using UPI as a payment gateway. Zerodha customers can apply in Art Nirman IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Art Nirman IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Art Nirman IPO opens on September 30, 2016 and closes on October 7, 2016.
Art Nirman IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Art 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 Art Nirman IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Art Nirman IPO allotment status.
The Art Nirman IPO listing date is on Wednesday, October 19, 2016.
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