Fixed Price IPO | ₹9 Cr | Listed at NSE SME | Mon, Mar 19, 2018 - Wed, Mar 21, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 19, 2018
IPO Close
Wed, Mar 21, 2018
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹32.44 Cr
| IPO Date | 19 to 21 Mar, 2018 |
| Listed on | Mon, Apr 2, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 9,00,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 48,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.4800 Cr) |
| Fresh Issue (Ex Market Maker) | 2,52,000 shares (agg. up to ₹3 Cr) |
| Offer for Sale | 6,00,000 shares of ₹10 (agg. up to ₹6 Cr) |
| Net Offered to Public | 8,52,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 29,44,100 shares |
| Share Holding Post Issue | 32,44,100 shares |
| NSE Symbol | GIRIRAJ |
| ISIN | INE614Z01017 |
Giriraj Civil Developers IPO comprises a total issue size of 9,00,000 shares. The net offer to the public is 8,52,000 shares, after excluding 48,000 shares allotted on a firm basis. Of the Net offer 4,26,000 (50.00%) allocated to NII 4,26,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,26,000 | 50.00% | 47.33% |
| Retail Shares Offered | 4,26,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 48,000 | 5.33% | |
| Total Shares Offered | 9,00,000 | 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 | ₹1,20,000 |
| 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.
| 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 | Repayment Of Unsecured Loans | 2.48 |
| 2 | Expenditure for General Corporate Purposes | 0.37 |
The Giriraj Civil Developers IPO is subscribed 1.16 times on March 21, 2018 5:00:00 PM (Day 3). The public issue subscribed 1.36 times in the retail category, [.] times in the QIB category, and 0.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.96 | 4,26,000 | 4,10,400 |
| Retail | 1.36 | 4,26,000 | 5,79,600 |
| Total | 1.16 | 8,52,000 | 9,90,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.37 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.05 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc | 0.04 |
| 4 | Listing Fees, Market Regulatory & Other Expenses | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹101.00 |
| Low | ₹100.10 |
| High | ₹101.00 |
| Last Trade | ₹100.10 |
Lead Manager Reports
Giriraj Civil Developers IPO is a SME IPO of 9,00,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Mar 19, 2018, and closes on Wed, Mar 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 Mon, Mar 19, 2018 and closes on Wed, Mar 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 Mon, Apr 2, 2018.
