Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Fri, Sep 30, 2016 - Fri, Oct 7, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 30, 2016
IPO Close
Fri, Oct 7, 2016
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹19.01 Cr
| IPO Date | 30 Sep to 7 Oct, 2016 |
| Listed on | Wed, Oct 19, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,04,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,02,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.2550 Cr) |
| Fresh Issue (Ex Market Maker) | 19,02,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 19,02,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 56,00,000 shares |
| Share Holding Post Issue | 76,04,000 shares |
| NSE Symbol | ARTNIRMAN |
| ISIN | INE738V01013 |
Art Nirman IPO comprises a total issue size of 20,04,000 shares. The net offer to the public is 19,02,000 shares, after excluding 1,02,000 shares allotted on a firm basis. Of the Net offer 9,48,000 (49.84%) allocated to NII 9,54,000 (50.16%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,48,000 | 49.84% | 47.31% |
| Retail Shares Offered | 9,54,000 | 50.16% | 47.60% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,02,000 | 5.09% | |
| Total Shares Offered | 20,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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.
| 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 | To Meet Working Capital Requirement | 4.25 |
| 2 | General Corporate Purpose | 0.36 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages and payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.32 |
| 2 | Printing, Stationery and postage expenses and Advertising & Marketing expenses | 0.04 |
| 3 | Regulatory fees and Other expenses | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹27.55 |
| Low | ₹27.50 |
| High | ₹30.00 |
| Last Trade | ₹30.00 |
Lead Manager Reports
Art Nirman IPO is a SME IPO of 20,04,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Sep 30, 2016, and closes on Fri, Oct 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 Fri, Sep 30, 2016 and closes on Fri, Oct 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 Wed, Oct 19, 2016.
