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Diggi Multitrade IPO is a fixed price issue of ₹3.38 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹3.38 crore.
Diggi Multitrade IPO bidding started from Dec 11, 2017 and ended on Dec 14, 2017. The shares got listed on BSE SME on Dec 22, 2017.
Diggi Multitrade IPO price is ₹13.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,30,000 (10000 shares). The minimum lot size investment for HNI is 2 lots (20,000 shares), amounting to ₹2,60,000.
Gretex Corporate Services 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 Gretex Share Broking Pvt.Ltd..
Refer to Diggi Multitrade IPO RHP for detailed Information.
| IPO Date | December 11, 2017 to December 14, 2017 |
| Listing Date | December 22, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹13 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,00,000 shares (aggregating up to ₹3.38 Cr) |
| Reserved for Market Maker | 1,40,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.1820 Cr) |
| Net Offered to Public | 24,60,000 shares (aggregating up to ₹3.20 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 70,77,500 shares |
| Share Holding Post Issue | 96,77,500 shares |
Diggi Multitrade IPO offers total 26,00,000 shares. Out of which 12,30,000 (47.31%) allocated to NII, 12,30,000 (47.31%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,40,000 (5.38%) |
| NII (HNI) Shares Offered | 12,30,000 (47.31%) |
| Retail Shares Offered | 12,30,000 (47.31%) |
| Total Shares Offered | 26,00,000 (100.00%) |
Diggi Multitrade IPO opens on December 11, 2017, and closes on December 14, 2017.
| IPO Open Date | Mon, Dec 11, 2017 |
| IPO Close Date | Thu, Dec 14, 2017 |
| Tentative Listing Date | Fri, Dec 22, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 14, 2017 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,30,000 |
| Retail (Max) | 1 | 10,000 | ₹1,30,000 |
| HNI (Min) | 2 | 20,000 | ₹2,60,000 |
Incorporated in 2014, Diggi Multitrade Limited is engaged trading in real estate and related activities comprising flats and land. They intrading in real estate by way of acquiring interests in various real estate projects such as flats and land where they purchase the flat from the builders and is sold to a third party at a price higher than the price originally paid by them to the builder.
Thhey are also trades in fabrics and construction materials. They involved withdealing in construction material which they procure at the prevailing market prices and sell the same at a profit margin in the range of 5% to 10%.
Company's business activities are concentrated in certain areas of Mumbai suburbs such as Mira Road and Naigaon. They are in process of establishing their presence in other areas of Mumbai suburbs.
The Company Diggi Multitrade 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 | 0.25 |
| 2 | Issue Expenses | 0.01 |
[Dilip Davda] There is no harm in giving this highly priced issue a miss. (Avoid). The asking price is at a P/E of 26 thus issue is aggressively priced. Read detail review...
| Listing Date | December 22, 2017 |
| BSE Script Code | 540811 |
| NSE Symbol | |
| ISIN | INE158R01012 |
| Final Issue Price | ₹13 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹13.00 |
| Open | ₹13.25 |
| Low | ₹12.85 |
| High | ₹14.20 |
| Last Trade | ₹13.03 |
Diggi Multitrade Ltd.
D-106, Crystal Plaza,
Opposite Infiniti Mall,
Link Road, Andheri (West),
Mumbai, Maharashtra, 400053
Phone: +91 -22 -2674 4365
Email: info@diggimultitrade.com
Website: http://www.diggimultitrade.com
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
Diggi Multitrade IPO is a SME IPO of 26,00,000 equity shares of the face value of ₹10 aggregating up to ₹3.38 Crores. The issue is priced at ₹13 per share. The minimum order quantity is 10000.
The IPO opens on December 11, 2017, and closes on December 14, 2017.
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 Diggi Multitrade IPO using UPI as a payment gateway. Zerodha customers can apply in Diggi Multitrade IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Diggi Multitrade IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Diggi Multitrade IPO opens on December 11, 2017 and closes on December 14, 2017.
Diggi Multitrade IPO lot size is 10000, and the minimum amount required for application is ₹1,30,000.
You can apply in Diggi Multitrade 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 Diggi Multitrade IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Diggi Multitrade IPO allotment status.
The Diggi Multitrade IPO listing date is on Friday, December 22, 2017.
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