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Jet Infraventure IPO is a fixed price issue of ₹4.50 crores. The issue is entirely a fresh issue of 0.04 crore shares of ₹4.50 crore.
Jet Infraventure IPO bidding started from Oct 30, 2014 and ended on Nov 11, 2014. The shares got listed on BSE SME on Nov 25, 2014.
Jet Infraventure IPO price is ₹125.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,25,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,50,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Jet Infraventure IPO RHP for detailed Information.
| IPO Date | October 30, 2014 to November 11, 2014 |
| Listing Date | November 25, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹125 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 3,60,000 shares (aggregating up to ₹4.50 Cr) |
| Reserved for Market Maker | 18,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.2250 Cr) |
| Net Offered to Public | 3,42,000 shares (aggregating up to ₹4.28 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 6,88,000 shares |
| Share Holding Post Issue | 10,48,000 shares |
Jet Infraventure IPO offers total 3,60,000 shares. Out of which 1,71,000 (47.50%) allocated to NII, 1,71,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 18,000 (5.00%) |
| NII (HNI) Shares Offered | 1,71,000 (47.50%) |
| Retail Shares Offered | 1,71,000 (47.50%) |
| Total Shares Offered | 3,60,000 (100.00%) |
Jet Infraventure IPO opens on October 30, 2014, and closes on November 11, 2014.
| IPO Open Date | Thu, Oct 30, 2014 |
| IPO Close Date | Tue, Nov 11, 2014 |
| Tentative Listing Date | Tue, Nov 25, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 11, 2014 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,25,000 |
| Retail (Max) | 1 | 1,000 | ₹1,25,000 |
| HNI (Min) | 2 | 2,000 | ₹2,50,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2001, Jet Infraventure Limited is a Mumbai based real estate development company. Company executed residential projects in the States of Maharashtra and Gujarat.
Jet Infraventure is engaged in various activities which includes planning the project structure, estimating project overheads and project implementation.
The completed residential projects of the company are:
1. Shree Samartha, situated at Alibaug, Maharashtra.
2. Sai Residency, situated near Versoli Beach, Alibaug, Maharashtra.
3. Jet Excellency, located at Navsari, Gujarat.
| KPI | Values |
|---|---|
| RoNW | 112% |
The Company Jet Infraventure 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 | Working Capital Requirement | 2.60 |
| 2 | Repay certain unsecured loans availed by the company | 0.88 |
| 3 | General Corporate Purposes | 0.62 |
| 4 | Issue Expenses | 0.40 |
[Dilip Davda] <p>Remark: Risk aver investors can park funds for long term at their own discretion keeping in mind the trading lot barriers on application and trading post listing.</p> <p>(Disclaimer: Author has no plans to invest in this IPO)</p> Read detail review...
| Listing Date | November 25, 2014 |
| BSE Script Code | 538794 |
| NSE Symbol | JETINFRA |
| ISIN | INE155R01018 |
| Final Issue Price | ₹125 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹125.00 |
| Open | ₹130.00 |
| Low | ₹126.50 |
| High | ₹133.90 |
| Last Trade | ₹129.10 |
Jet Infraventure Ltd.
Office No.1, Nandanvan Business Centre,
E-Wing, 1st Floor, Nandanvan Apartment,
Kandivali Link Road, Kandivali West, Mumbai
Mumbai, Maharashtra, 400067
Phone: +91-22-28676233
Email: investors@jetinfra.com
Website: http://www.jetinfra.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: po@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Jet Infraventure IPO is a SME IPO of 3,60,000 equity shares of the face value of ₹10 aggregating up to ₹4.50 Crores. The issue is priced at ₹125 per share. The minimum order quantity is 1000.
The IPO opens on October 30, 2014, and closes on November 11, 2014.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Jet Infraventure IPO using UPI as a payment gateway. Zerodha customers can apply in Jet Infraventure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jet Infraventure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jet Infraventure IPO opens on October 30, 2014 and closes on November 11, 2014.
Jet Infraventure IPO lot size is 1000, and the minimum amount required for application is ₹1,25,000.
You can apply in Jet Infraventure 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 Jet Infraventure IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jet Infraventure IPO allotment status.
The Jet Infraventure IPO listing date is on Tuesday, November 25, 2014.
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