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Bhanderi Infracon IPO is a fixed price issue of ₹6.60 crores. The issue is entirely a fresh issue of 0.05 crore shares of ₹6.60 crore.
Bhanderi Infracon IPO bidding started from Jul 22, 2014 and ended on Jul 25, 2014. The shares got listed on BSE SME on Aug 8, 2014.
Bhanderi Infracon IPO price is ₹120.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,88,000.
Choice Capital Advisors Pvt.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 Joindre Capital Services Ltd..
Refer to Bhanderi Infracon IPO RHP for detailed Information.
| IPO Date | July 22, 2014 to July 25, 2014 |
| Listing Date | August 8, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹120 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,49,600 shares (aggregating up to ₹6.60 Cr) |
| Reserved for Market Maker | 27,600 shares Joindre Capital Services Ltd. (aggregating up to ₹0.3312 Cr) |
| Net Offered to Public | 5,22,000 shares (aggregating up to ₹6.26 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 14,80,000 shares |
| Share Holding Post Issue | 20,20,000 shares |
Bhanderi Infracon IPO offers total 5,40,000 shares. Out of which 2,56,200 (47.44%) allocated to NII, 2,56,200 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 27,600 (5.11%) |
| NII (HNI) Shares Offered | 2,56,200 (47.44%) |
| Retail Shares Offered | 2,56,200 (47.44%) |
| Total Shares Offered | 5,40,000 (100.00%) |
Bhanderi Infracon IPO opens on July 22, 2014, and closes on July 25, 2014.
| IPO Open Date | Tue, Jul 22, 2014 |
| IPO Close Date | Fri, Jul 25, 2014 |
| Tentative Listing Date | Fri, Aug 8, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 25, 2014 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,44,000 |
| Retail (Max) | 1 | 1,200 | ₹1,44,000 |
| HNI (Min) | 2 | 2,400 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2004, Bhanderi Infracon Limited is a Real Estate Development Company, engaged in buying, selling, development, re-development of properties, investments in joint ventures, investment in partnerships, investment in completed / partially completed / upcoming projects etc.
Currently company is engaged in the development of Residential Flats and Bungalows under Partnership firms, namely: Tulsi Enterprises and Dharnidhar Developers respectively.
| KPI | Values |
|---|---|
| RoNW | 7.66% |
The Company Bhanderi Infracon 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 | Incremental Working Capital Requirement | 6.00 |
| 2 | General Corporate Purposes | 0.28 |
| 3 | Issue expenses | 0.35 |
[Dilip Davda] <p><span style="line-height: 115%; font-family: 'Calibri','sans-serif'; font-size: 11pt; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: Shruti; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"><strong>Remark: Just Avoid this costly issue. </strong></span></p> Read detail review...
| Listing Date | August 8, 2014 |
| BSE Script Code | 538576 |
| NSE Symbol | |
| ISIN | INE336Q01016 |
| Final Issue Price | ₹120 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹120.00 |
| Open | ₹113.50 |
| Low | ₹107.85 |
| High | ₹115.00 |
| Last Trade | ₹107.85 |
Bhanderi Infracon Ltd.
B/12, Jabuka Complex,
Near Bajrang Ashram, N.H.-8,
Thakkar Bapanagar,
Ahmedabad, Gujarat, 382350
Phone: +91 - 79 - 2283 0245
Email: bhanderiinfracon@gmail.com
Website: http://www.bhanderiinfracon.com
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email:
Website: https://www.purvashare.com/investor-service/ipo-query
Bhanderi Infracon IPO is a SME IPO of 5,49,600 equity shares of the face value of ₹10 aggregating up to ₹6.60 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 1200.
The IPO opens on July 22, 2014, and closes on July 25, 2014.
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 Bhanderi Infracon IPO using UPI as a payment gateway. Zerodha customers can apply in Bhanderi Infracon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bhanderi Infracon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bhanderi Infracon IPO opens on July 22, 2014 and closes on July 25, 2014.
Bhanderi Infracon IPO lot size is 1200, and the minimum amount required for application is ₹1,44,000.
You can apply in Bhanderi Infracon 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 Bhanderi Infracon IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bhanderi Infracon IPO allotment status.
The Bhanderi Infracon IPO listing date is on Friday, August 8, 2014.
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