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Karda Constructions IPO is a book build issue of ₹77.40 crores. The issue is a combination of fresh issue of 0.23 crore shares aggregating to ₹41.40 crores and offer for sale of 0.20 crore shares aggregating to ₹36.00 crores.
Karda Constructions IPO bidding started from Mar 16, 2018 and ended on Mar 21, 2018. The allotment for Karda Constructions IPO was finalized on Mar 26, 2018. The shares got listed on BSE, NSE on Apr 2, 2018.
Karda Constructions IPO price band is set at ₹180.00 per share . The lot size for an application is 80. The minimum amount of investment required by an retail is ₹14,000 (80 shares). The lot size investment for sNII is 14 lots (1,120 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (5,600 shares), amounting to ₹10,08,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Karda Constructions IPO RHP for detailed Information.
| IPO Date | March 16, 2018 to March 21, 2018 |
| Listing Date | April 2, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹175 to ₹180 per share |
| Issue Price Final | ₹180 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 43,00,000 shares (aggregating up to ₹77.40 Cr) |
| Fresh Issue | 23,00,000 shares (aggregating up to ₹41.40 Cr) |
| Offer for Sale | 20,00,000 shares of ₹10 (aggregating up to ₹36.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,23,00,000 shares |
Karda Construction IPO offers total 43,00,000 shares. Out of which 4,30,000 (10.00%) allocated to QIB, 17,20,000 (40.00%) allocated to NII, 21,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 4,30,000 (10.00%) | NA |
| NII (HNI) Shares Offered | 17,20,000 (40.00%) | NA |
| Retail Shares Offered | 21,50,000 (50.00%) | 26,875 |
| Total Shares Offered | 43,00,000 (100.00%) |
Karda Constructions IPO opens on March 16, 2018, and closes on March 21, 2018.
| IPO Open Date | Fri, Mar 16, 2018 |
| IPO Close Date | Wed, Mar 21, 2018 |
| Tentative Allotment | Mon, Mar 26, 2018 |
| Initiation of Refunds | Tue, Mar 27, 2018 |
| Credit of Shares to Demat | Wed, Mar 28, 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 80 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 | 80 | ₹14,400 |
| Retail (Max) | 13 | 1,040 | ₹1,87,200 |
| S-HNI (Min) | 14 | 1,120 | ₹2,01,600 |
| S-HNI (Max) | 69 | 5,520 | ₹9,93,600 |
| B-HNI (Min) | 70 | 5,600 | ₹10,08,000 |
Incorporated in 2007, Karda Constriction Limited is engaged in construction business. They are a real estate development company which develops and sells residential and residential-cum-office projects in Nashik, India.
Company has successfully completed and delivered 15 residential projects and office space projects like Hari Smruti, Hari Amantran, Hari Shrushti, Hari Kunj, Hari NiwasHari Niketan, Hari Sankalp etc. They currently have 13 Ongoing and 3 Planned projects.
They have received “Mega Builder of the Year” award of Divya Marathi in June 2013, for having an exceptional performance in the real estate segment in Nashik.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 24,853.72 | 24,961.42 | 23,304.63 | 18,612.39 | 16,238.73 | |
| Total Revenue | 11,002.26 | 10,593.47 | 4,653.44 | 5,907.39 | 4,328.65 | |
| Profit After Tax | 803.14 | 637.43 | 307.56 | 360.55 | 270.39 | |
The Company Karda Constructions 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 | Part repayment of the overdraft facilities | 23.00 |
| 2 | Part repayment of the term loans | 7.00 |
| 3 | General corporate purpose | 8.78 |
[Dilip Davda] <p>Issue appears fully priced. However, considering bright prospects for the low cost housing going forward and the company having major thrust for low cost housing projects, Investors may consider investment for long term.</p> Read detail review...
| Listing Date | April 2, 2018 |
| BSE Script Code | 541161 |
| NSE Symbol | DHARAN |
| ISIN | INE278R01034 |
| Final Issue Price | ₹180 per share |
Karda Constructions Ltd.
2nd Floor Gulmohar Status,
Above Business Bank,
Samarth Nagar,
Nashik, Maharashtra, 422005
Phone: +91– 253 – 235 1090
Email: admin@kardaconstruction.com
Website: http://www.kardaconstruction.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Karda Constructions IPO is a main-board IPO of 43,00,000 equity shares of the face value of ₹10 aggregating up to ₹77.40 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 80.
The IPO opens on March 16, 2018, and closes on March 21, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Karda Constructions IPO using UPI as a payment gateway. Zerodha customers can apply in Karda Constructions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Karda Constructions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Karda Constructions IPO opens on March 16, 2018 and closes on March 21, 2018.
Karda Constructions IPO lot size is 80, and the minimum amount required for application is ₹14,400.
You can apply in Karda Constructions 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 Karda Constructions IPO will be done on Monday, March 26, 2018, and the allotted shares will be credited to your demat account by Wednesday, March 28, 2018. Check the Karda Constructions IPO allotment status.
The Karda Constructions IPO listing date is on Monday, April 2, 2018.
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