Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Fri, Sep 30, 2016 - Thu, Oct 6, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 30, 2016
IPO Close
Thu, Oct 6, 2016
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹38.13 Cr
| IPO Date | 30 Sep to 6 Oct, 2016 |
| Listed on | Tue, Oct 18, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 34,60,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,80,000 shares Guiness Securities Ltd. (agg. up to ₹0.5400 Cr) |
| Fresh Issue (Ex Market Maker) | 32,80,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 32,80,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 92,50,000 shares |
| Share Holding Post Issue | 1,27,10,000 shares |
| BSE Script Code | 540152 |
| ISIN | INE373V01019 |
India Green Reality IPO comprises a total issue size of 34,60,000 shares. The net offer to the public is 32,80,000 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 16,40,000 (50.00%) allocated to NII 16,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,40,000 | 50.00% | 47.40% |
| Retail Shares Offered | 16,40,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,000 | 5.20% | |
| Total Shares Offered | 34,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| 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 | To Meet Working Capital Requirements | 9.50 |
| 2 | General Corporate Purpose | 0.47 |
| 3 | Issue Expenses | 0.41 |
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 | Issue Management fees including fees and reimbursements of underwriting fees, brokerages, and payment to other intermediaries such as legal advisor, peer review auditor, registrars and other out of pocket expenses etc. | 0.35 |
| 2 | Other Expenses inclusive of Printing, Stationery, postage expenses, Advertising expenses etc | 0.04 |
| 3 | Regulatory fees and expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹31.50 |
| Low | ₹30.05 |
| High | ₹31.50 |
| Last Trade | ₹30.15 |
Lead Manager Reports
India Green Reality IPO is a SME IPO of 34,60,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Sep 30, 2016, and closes on Thu, Oct 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 Fri, Sep 30, 2016 and closes on Thu, Oct 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 Tue, Oct 18, 2016.
