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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 ₹153.00 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). The minimum lot size investment for 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 Date | June 30, 2022 to July 5, 2022 |
| Listing Date | July 13, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹153 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,99,200 shares (aggregating up to ₹44.36 Cr) |
| Reserved for Market Maker | 1,45,600 shares (aggregating up to ₹2.23 Cr) |
| Net Offered to Public | 27,53,600 shares (aggregating up to ₹42.13 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 74,32,000 shares |
| Share Holding Post Issue | 1,03,31,200 shares |
B Right Realestate IPO offers total 28,99,200 shares. Out of which 13,76,800 (47.49%) allocated to NII, 13,76,800 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,45,600 (5.02%) |
| NII (HNI) Shares Offered | 13,76,800 (47.49%) |
| Retail Shares Offered | 13,76,800 (47.49%) |
| Total Shares Offered | 28,99,200 (100.00%) |
B-Right Realestate IPO opens on June 30, 2022, and closes on July 5, 2022.
| IPO Open Date | Thu, Jun 30, 2022 |
| IPO Close Date | Tue, Jul 5, 2022 |
| Tentative Allotment | Fri, Jul 8, 2022 |
| Initiation of Refunds | Mon, Jul 11, 2022 |
| Credit of Shares to Demat | Tue, Jul 12, 2022 |
| Tentative Listing Date | Wed, Jul 13, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 5, 2022 |
Investors can bid for a minimum of 800 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 | 800 | ₹1,22,400 |
| Retail (Max) | 1 | 800 | ₹1,22,400 |
| HNI (Min) | 2 | 1,600 | ₹2,44,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 11759.76 | 147.04 | 86.57 | 3522.69 | 3459.79 |
| 31-Mar-21 | 13441.76 | 118.77 | 58.44 | 8981.07 | 8888.17 |
| 31-Dec-21 | 15518.34 | 115.95 | 72.3 | 9053.34 | 8960.44 |
| Amount in ₹ Lakhs | |||||
The market capitalization of B-Right Realestate IPO is ₹158.07 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 164.52 |
The IPO aims to raise funds for the following objectives;
[Dilip Davda] This realty sector company has posted minuscule financial performance so far and based on its current earnings, the issue is exorbitantly priced. It is operating in a highly competitive and fragmented segment. There is no harm in ignoring this greedily priced IPO. Read detail review...
| Listing Date | July 13, 2022 |
| BSE Script Code | 543543 |
| NSE Symbol | |
| ISIN | INE0IZQ01016 |
| Final Issue Price | ₹153 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹153.00 |
| Open | ₹155.00 |
| Low | ₹147.25 |
| High | ₹162.75 |
| Last Trade | ₹154.00 |
B-Right Realestate Ltd.
702, 7th Floor, Shah Trade Centre,
Rani Sati Marg,
Malad East,
Mumbai, Maharashtra, 400097
Phone: +91 22 4603 5689
Email: info@b-rightgroup.com
Website: http://www.b-rightgroup.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
B-Right Realestate IPO is a SME IPO of 28,99,200 equity shares of the face value of ₹10 aggregating up to ₹44.36 Crores. The issue is priced at ₹153 per share. The minimum order quantity is 800.
The IPO opens on June 30, 2022, and closes on July 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 June 30, 2022 and closes on July 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 Tuesday, July 12, 2022. Check the B-Right Realestate IPO allotment status.
The B-Right Realestate IPO listing date is on Wednesday, July 13, 2022.
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