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Athena Constructions IPO is a fixed price issue of ₹2.50 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹2.50 crore.
Athena Constructions IPO bidding started from Mar 25, 2015 and ended on Mar 30, 2015. The shares got listed on BSE SME on Apr 16, 2015.
Athena Constructions IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
First Overseas Capital Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Naysaa Securities Ltd..
Refer to Athena Constructions IPO RHP for detailed Information.
| IPO Date | March 25, 2015 to March 30, 2015 |
| Listing Date | April 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,00,000 shares (aggregating up to ₹2.50 Cr) |
| Reserved for Market Maker | 1,30,000 shares Naysaa Securities Ltd. (aggregating up to ₹0.1300 Cr) |
| Net Offered to Public | 23,70,000 shares (aggregating up to ₹2.37 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 75,00,000 shares |
Athena Constructions IPO offers total 25,00,000 shares. Out of which 11,80,000 (47.20%) allocated to NII, 11,90,000 (47.60%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,30,000 (5.20%) |
| NII (HNI) Shares Offered | 11,80,000 (47.20%) |
| Retail Shares Offered | 11,90,000 (47.60%) |
| Total Shares Offered | 25,00,000 (100.00%) |
Athena Constructions IPO opens on March 25, 2015, and closes on March 30, 2015.
| IPO Open Date | Wed, Mar 25, 2015 |
| IPO Close Date | Mon, Mar 30, 2015 |
| Tentative Listing Date | Thu, Apr 16, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 30, 2015 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2011, Athena Constructions Ltd (ACL) is a real estate company poised on development residential, commercial, retail and other projects. It undertakes customized infrastructure projects and also in to trading of residential and commercial unit as well as in providing consultancies for real estate projects.
ACL is in the business of erection and construction of houses, buildings, commercial complexes and constructional works of every description on any land owned by the Company or upon any other land or immovable property owned by the landlord as a joint venture as well as co-developers. It is also engaged in purchasing, leasing, acquiring, exchanging or otherwise owning, holding, occupying, constructing, erecting, altering and developing colonies, theatres, bungalows, quarters, offices etc. Currently it has two projects on hand at Rajasthan and Gujarat.
| KPI | Values |
|---|---|
| RoNW | 39.08% |
The Company Athena Constructions 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 finance the development and construction related expenditures of our “Anand Projec | 2.00 |
| 2 | General Corporate purposes | 0.10 |
| 3 | Issue Expenses | 0.40 |
[Dilip Davda] <p><strong>Despite at par offer, this is a high risk, low return IPO. However, HNI investors with surplus funds may consider it for a long term investment.</strong></p> <p><em>DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.</em></p> Read detail review...
| Listing Date | April 16, 2015 |
| BSE Script Code | 539099 |
| NSE Symbol | |
| ISIN | INE291R01011 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹15.71 |
| Low | ₹15.05 |
| High | ₹16.40 |
| Last Trade | ₹15.40 |
Athena Constructions Ltd.
203, Shyam Kamal,
A Wing,Tejpal Road,
Vile Parle(East) Mumbai – 400059
Mumbai, Maharashtra
Phone: +91-22-42091041
Email: athenaconstructions2011@gmail.com
Website: http://constructions.athenaindia.co.in
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
Athena Constructions IPO is a SME IPO of 25,00,000 equity shares of the face value of ₹10 aggregating up to ₹2.50 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on March 25, 2015, and closes on March 30, 2015.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Athena Constructions IPO using UPI as a payment gateway. Zerodha customers can apply in Athena Constructions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Athena Constructions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Athena Constructions IPO opens on March 25, 2015 and closes on March 30, 2015.
Athena Constructions IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Athena Constructions 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 Athena Constructions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Athena Constructions IPO allotment status.
The Athena Constructions IPO listing date is on Thursday, April 16, 2015.
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