Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Tue, Jul 22, 2014 - Fri, Jul 25, 2014
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Jul 22, 2014
IPO Close
Fri, Jul 25, 2014
Issue Price
₹120 per share
Market Cap (Pre-IPO)
₹24.24 Cr
| IPO Date | 22 to 25 Jul, 2014 |
| Listed on | Fri, Aug 8, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹120 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 5,49,600 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 27,600 shares Joindre Capital Services Ltd. (agg. up to ₹0.3312 Cr) |
| Fresh Issue (Ex Market Maker) | 5,22,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 5,22,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 14,80,000 shares |
| Share Holding Post Issue | 20,20,000 shares |
| BSE Script Code | 538576 |
| ISIN | INE336Q01016 |
Bhanderi Infracon IPO comprises a total issue size of 5,40,000 shares. The net offer to the public is 5,12,400 shares, after excluding 27,600 shares allotted on a firm basis. Of the Net offer 2,56,200 (50.00%) allocated to NII 2,56,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,56,200 | 50.00% | 47.44% |
| Retail Shares Offered | 2,56,200 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 27,600 | 5.11% | |
| Total Shares Offered | 5,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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.
| 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 | Incremental Working Capital Requirement | 6.00 |
| 2 | General Corporate Purposes | 0.28 |
| KPI | |
|---|---|
| RoNW | 7.66% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.97% | 73.25% |
| Market Cap | ₹24.24 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 | Payment to Merchant Banker, selling commissions, underwriting, SCSB commissions, brokerages, statutory/regulatory fees, payment to other intermediaries such as Legal Advisors, Registrars, Bankers, etc and other out of pocket expenses | 0.25 |
| 2 | Printing and Stationary and postage expenses | 0.04 |
| 3 | Advertising and Marketing expenses | 0.03 |
| 4 | Other Expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹120.00 |
| Open | ₹113.50 |
| Low | ₹107.85 |
| High | ₹115.00 |
| Last Trade | ₹107.85 |
Lead Manager Reports
Bhanderi Infracon IPO is a SME IPO of 5,49,600 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Jul 22, 2014, and closes on Fri, Jul 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 Tue, Jul 22, 2014 and closes on Fri, Jul 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 Fri, Aug 8, 2014.
