Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
India Green Reality IPO is a fixed price issue of ₹10.38 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹10.38 crore.
India Green Reality IPO bidding started from Sep 30, 2016 and ended on Oct 6, 2016. The shares got listed on BSE SME on Oct 18, 2016.
India Green Reality IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to India Green Reality IPO RHP for detailed Information.
| IPO Date | September 30, 2016 to October 6, 2016 |
| Listing Date | October 18, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,60,000 shares (aggregating up to ₹10.38 Cr) |
| Reserved for Market Maker | 1,80,000 shares Guiness Securities Ltd. (aggregating up to ₹0.5400 Cr) |
| Net Offered to Public | 32,80,000 shares (aggregating up to ₹9.84 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 92,50,000 shares |
| Share Holding Post Issue | 1,27,10,000 shares |
India Green Reality IPO offers total 34,60,000 shares. Out of which 16,40,000 (47.40%) allocated to NII, 16,40,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,80,000 (5.20%) |
| NII (HNI) Shares Offered | 16,40,000 (47.40%) |
| Retail Shares Offered | 16,40,000 (47.40%) |
| Total Shares Offered | 34,60,000 (100.00%) |
India Green Reality IPO opens on September 30, 2016, and closes on October 6, 2016.
| IPO Open Date | Fri, Sep 30, 2016 |
| IPO Close Date | Thu, Oct 6, 2016 |
| Tentative Listing Date | Tue, Oct 18, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 6, 2016 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 2009, India Green Reality Ltd is a Ahmedabad, Gujarat-based real estate company engaged in the business of development and sale of residential and commercial properties, including identification and acquisition of land, development of land, acquisition of development rights of projects, and marketing of projects/land. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Their residential projects include townships, bungalows, resorts, club houses, and other residential projects; and commercial projects comprise resorts, retail, and hospitality projects.
Currently, the company is having three diversified projects at West Bengal and Gujarat and focusing on opportunities to build its brand in these two states. Visit chittorgarh.com for more detail.IGRL is building bungalows of varying sizes with focus on affordable pricing at Sonarpur-Kolkata and Shantiniketan -Bolpur, both projects in the state of West Bengal. It is developing and selling plot of land and constructing bungalows as well at Nal Sarover, Gujarat. Its forthcoming projects are at Jaisalmer-Rajasthan, and Sasan Gir-Gujarat.
The Company India Green Reality 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 | To Meet Working Capital Requirements | 9.50 |
| 2 | General Corporate Purpose | 0.47 |
| 3 | Issue Expenses | 0.41 |
[Dilip Davda] This IPO can be termed as “High Risk – Low yield bet” as sudden push in top line and bottom line in the last fiscal raising concern. Only cash surplus risk savvy investors may consider investment for long term. Read detail review...
| Listing Date | October 18, 2016 |
| BSE Script Code | 540152 |
| NSE Symbol | |
| ISIN | INE373V01019 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹31.50 |
| Low | ₹30.05 |
| High | ₹31.50 |
| Last Trade | ₹30.15 |
India Green Reality Ltd.
12, Sat yam Mall,
Jodhpur Char Rasta,
Satellite, Ahmedabad - 380015
Ahmedabad, Gujarat
Phone: +91-79-40096471
Email: info@indiagreenreality.com
Website: http://www.indiagreenreality.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: indiagreen.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
India Green Reality IPO is a SME IPO of 34,60,000 equity shares of the face value of ₹10 aggregating up to ₹10.38 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on September 30, 2016, and closes on October 6, 2016.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in India Green Reality IPO using UPI as a payment gateway. Zerodha customers can apply in India Green Reality IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in India Green Reality IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The India Green Reality IPO opens on September 30, 2016 and closes on October 6, 2016.
India Green Reality IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in India Green Reality 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 India Green Reality IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the India Green Reality IPO allotment status.
The India Green Reality IPO listing date is on Tuesday, October 18, 2016.
Useful Articles
RHP