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Giriraj Civil Developers IPO is a fixed price issue of ₹9.00 crores. The issue is a combination of fresh issue of 0.03 crore shares aggregating to ₹3.00 crores and offer for sale of 0.06 crore shares aggregating to ₹6.00 crores.
Giriraj Civil Developers IPO bidding started from Mar 19, 2018 and ended on Mar 21, 2018. The shares got listed on NSE SME on Apr 2, 2018.
Giriraj Civil Developers IPO price is ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Aryaman Financial Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Giriraj Civil Developers IPO RHP for detailed Information.
| IPO Date | March 19, 2018 to March 21, 2018 |
| Listing Date | April 2, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 9,00,000 shares (aggregating up to ₹9.00 Cr) |
| Reserved for Market Maker | 48,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.4800 Cr) |
| Fresh Issue (Ex Market Maker) | 2,52,000 shares (aggregating up to ₹2.52 Cr) |
| Offer for Sale | 6,00,000 shares of ₹10 (aggregating up to ₹6.00 Cr) |
| Net Offered to Public | 8,52,000 shares (aggregating up to ₹8.52 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 29,44,100 shares |
| Share Holding Post Issue | 32,44,100 shares |
Giriraj Civil Developers IPO offers total 9,00,000 shares. Out of which 4,26,000 (47.33%) allocated to NII, 4,26,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 48,000 (5.33%) |
| NII (HNI) Shares Offered | 4,26,000 (47.33%) |
| Retail Shares Offered | 4,26,000 (47.33%) |
| Total Shares Offered | 9,00,000 (100.00%) |
Giriraj Civil Developers IPO opens on March 19, 2018, and closes on March 21, 2018.
| IPO Open Date | Mon, Mar 19, 2018 |
| IPO Close Date | Wed, Mar 21, 2018 |
| Tentative Listing Date | Mon, Apr 2, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 21, 2018 |
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 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Incorporated in 2005, Giriraj Civil Developers Ltd is a Mumbai based civil works contracting and engineering company. The company is also engaged in trading activities, wherein they trade construction materials, mainly steel and cement.
Currently they are doing Railway sector projects where they undertake a wide scope of work which includes construction of foot over bridges, platform extensions; sick line sheds, stabling lines etc. They are also engaged in infrastructural projects for government / semi-government bodies like MCGM and MRVC and for various private players.
The Company's mainly projects undertaken are in the states of Maharashtra and Gujarat. Currently it has 21 ongoing projects. Giriraj Civil also have Joint Ventures (JV) and consortiums with other infrastructure and construction companies.
As on December 31, 2017 the company had 34 employees.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 6,436.20 | 4,509.10 | 3,695.16 | 3,168.17 | 2,362.18 | |
| Total Revenue | 4,527.02 | 4,821.48 | 4,995.42 | 5,674.18 | 4,224.83 | |
| Profit After Tax | 178.79 | 175.00 | 189.48 | 196.58 | 149.02 | |
The Company Giriraj Civil Developers 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 | Repayment Of Unsecured Loans | 2.48 |
| 2 | Expenditure for General Corporate Purposes | 0.37 |
[Dilip Davda] <p>Considering declining trends in performance issue appears fully priced. Cash surplus risk savvy investors may consider investment for long term on their own risk.</p> Read detail review...
| Listing Date | April 2, 2018 |
| BSE Script Code | |
| NSE Symbol | GIRIRAJ |
| ISIN | INE614Z01017 |
| Final Issue Price | ₹100 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹101.00 |
| Low | ₹100.10 |
| High | ₹101.00 |
| Last Trade | ₹100.10 |
Giriraj Civil Developers Ltd.
101 Jaitirth Co-Op. Hous. Society,
Road No.10,
Borivali (East),
Mumbai, Maharashtra, 400066
Phone: + 91-22-28906356
Email: info@giriraj.biz
Website: http://www.giriraj.biz.com
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Giriraj Civil Developers IPO is a SME IPO of 9,00,000 equity shares of the face value of ₹10 aggregating up to ₹9.00 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on March 19, 2018, and closes on March 21, 2018.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Giriraj Civil Developers IPO using UPI as a payment gateway. Zerodha customers can apply in Giriraj Civil Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Giriraj Civil Developers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Giriraj Civil Developers IPO opens on March 19, 2018 and closes on March 21, 2018.
Giriraj Civil Developers IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Giriraj Civil Developers 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 Giriraj Civil Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Giriraj Civil Developers IPO allotment status.
The Giriraj Civil Developers IPO listing date is on Monday, April 2, 2018.
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