Fixed Price IPO | ₹44 Cr | Listed at BSE SME | Thu, Jun 30, 2022 - Tue, Jul 5, 2022
B-Right Realestate IPO is a fixed price issue of ₹44.36 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹44.36 crore.
B-Right Realestate IPO bidding started from Jun 30, 2022 and ended on Jul 5, 2022. The allotment for B-Right Realestate IPO was finalized on Jul 8, 2022. The shares got listed on BSE SME on Jul 13, 2022.
B-Right Realestate IPO price is ₹153 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,22,400 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,44,800.
Gretex Corporate Services Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue.
Refer to B-Right Realestate IPO RHP for detailed Information.
IPO Open
Thu, Jun 30, 2022
IPO Close
Tue, Jul 5, 2022
Issue Price
₹153 per share
Market Cap (Pre-IPO)
₹158.07 Cr
| IPO Date | 30 Jun to 5 Jul, 2022 |
| Listed on | Wed, Jul 13, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹153 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,99,200 shares (agg. up to ₹44 Cr) |
| Reserved for Market Maker | 1,45,600 shares (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 27,53,600 shares (agg. up to ₹42 Cr) |
| Net Offered to Public | 27,53,600 shares (agg. up to ₹42 Cr) |
| Share Holding Pre Issue | 74,32,000 shares |
| Share Holding Post Issue | 1,03,31,200 shares |
| BSE Script Code | 543543 |
| ISIN | INE0IZQ01016 |
B-Right Realestate IPO comprises a total issue size of 28,99,200 shares. The net offer to the public is 27,53,600 shares, after excluding 1,45,600 shares allotted on a firm basis. Of the Net offer 13,76,800 (50.00%) allocated to NII 13,76,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,76,800 | 50.00% | 47.49% |
| Retail Shares Offered | 13,76,800 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,45,600 | 5.02% | |
| Total Shares Offered | 28,99,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,22,400 |
| Retail (Max) | 1 | 800 | ₹1,22,400 |
| HNI (Min) | 2 | 1,600 | ₹2,44,800 |
B Right Realestate Limited is an integrated construction and real estate development company that primarily focuses on the construction of residential and commercial projects. It has strong in-house capabilities to deliver the best quality projects.
It works with subsidiaries and stepdown subsidiaries. B-Right RealEstate Ventures LLP, BRV Leasing Andheri LLP, B-Right Realty Lonavala LLP, B-Right Housecon LLP, B-Right NY Esqure LLP, Jaliyan B-Right Developers LLP, B-Right Sejal Developers LLP, Darc Realty LLP, D.M. Realtors, Siddhivinayak Developers Kurar, and Parth Construction are its subsidaries.
Competitive strengths
| Period Ended | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 155.18 | 134.42 | 117.60 |
| Total Income | 1.16 | 1.19 | 1.47 |
| Profit After Tax | 0.72 | 0.58 | 0.87 |
| NET Worth | 90.53 | 89.81 | 35.23 |
| Reserves and Surplus | 89.60 | 88.88 | 34.60 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 33.00 |
| 2 | General Corporate Purposes | 10.76 |
| KPI | |
|---|---|
| Debt/Equity | 0.29 |
| RoNW | 0.65% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.28 | |
| P/E (x) | 164.52 | |
| Promoter Holding | 99.98% | 71.92% |
| Market Cap | ₹158.07 Cr. |
The B Right Realestate IPO is subscribed 1.21 times on July 5, 2022 6:29:00 PM (Day 4). The public issue subscribed 0.6 times in the retail category, [.] times in the QIB category, and 1.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.82 | 13,76,800 | 25,03,200 |
| Retail | 0.6 | 13,76,800 | 8,28,800 |
| Total | 1.21 | 27,53,600 | 33,32,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.50 |
| 2 | Market Making Fees for three years | 0.03 |
| 3 | Fees payable to Registrar to Issue | 0.01 |
| 4 | Fees to Legal Advisor | 0.02 |
| 5 | Advertising and marketing expenses | 0.01 |
| 6 | Fees payable to Regulators including Stock Exchange | 0.01 |
| 7 | Printing & Distribution Expenses | 0.01 |
| 8 | Marketing & Selling Expenses | 0.01 |
| 9 | Payment to Sponsor Bank | 0.01 |
| 10 | Statutory & Other Reports | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹153.00 |
| Open | ₹155.00 |
| Low | ₹147.25 |
| High | ₹162.75 |
| Last Trade | ₹154.00 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
B-Right Realestate IPO is a SME IPO of 28,99,200 equity shares of the face value of ₹10 aggregating up to ₹44 Crores. The issue is priced at ₹153 per share. The minimum order quantity is 800.
The IPO opens on Thu, Jun 30, 2022, and closes on Tue, Jul 5, 2022.
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 B-Right Realestate IPO using UPI as a payment gateway. Zerodha customers can apply in B-Right Realestate IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in B-Right Realestate IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The B-Right Realestate IPO opens on Thu, Jun 30, 2022 and closes on Tue, Jul 5, 2022.
B-Right Realestate IPO lot size is 800, and the minimum amount required for application is ₹1,22,400.
You can apply in B-Right Realestate 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 B-Right Realestate IPO will be done on Friday, July 8, 2022, and the allotted shares will be credited to your demat account by Tue, Jul 12, 2022. Check the B-Right Realestate IPO allotment status.
The B-Right Realestate IPO listing date is on Wed, Jul 13, 2022.
