Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Wed, Mar 25, 2015 - Mon, Mar 30, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 25, 2015
IPO Close
Mon, Mar 30, 2015
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹7.50 Cr
| IPO Date | 25 to 30 Mar, 2015 |
| Listed on | Thu, Apr 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 25,00,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 1,30,000 shares Naysaa Securities Ltd. (agg. up to ₹0.1300 Cr) |
| Fresh Issue (Ex Market Maker) | 23,70,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 23,70,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 75,00,000 shares |
| BSE Script Code | 539099 |
| ISIN | INE291R01011 |
Athena Constructions IPO comprises a total issue size of 25,00,000 shares. The net offer to the public is 23,70,000 shares, after excluding 1,30,000 shares allotted on a firm basis. Of the Net offer 11,80,000 (49.79%) allocated to NII 11,90,000 (50.21%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,80,000 | 49.79% | 47.20% |
| Retail Shares Offered | 11,90,000 | 50.21% | 47.60% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,30,000 | 5.20% | |
| Total Shares Offered | 25,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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.
| 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 finance the development and construction related expenditures of our “Anand Projec | 2.00 |
| 2 | General Corporate purposes | 0.10 |
| KPI | |
|---|---|
| RoNW | 39.08% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 39.63% | 26.42% |
| Market Cap | ₹7.50 Cr. |
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 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Registrars and other out of pocket expenses. | 0.30 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.04 |
| 3 | Advertisement & Marketing Expenses | 0.02 |
| 4 | Regulatory & other expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹15.71 |
| Low | ₹15.05 |
| High | ₹16.40 |
| Last Trade | ₹15.40 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Athena Constructions IPO is a SME IPO of 25,00,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Wed, Mar 25, 2015, and closes on Mon, Mar 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 Wed, Mar 25, 2015 and closes on Mon, Mar 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 Thu, Apr 16, 2015.
