Bookbuilding IPO | ₹77 Cr | Listed at BSE, NSE | Fri, Mar 16, 2018 - Wed, Mar 21, 2018
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 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹14,400 (80 shares) (based on upper price). 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 Open
Fri, Mar 16, 2018
IPO Close
Wed, Mar 21, 2018
Issue Price
₹180 per share
Market Cap (Pre-IPO)
₹221.40 Cr
| IPO Date | 16 to 21 Mar, 2018 |
| Listed on | Mon, Apr 2, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹175 to ₹180 |
| Issue Price | ₹180 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 43,00,000 shares (agg. up to ₹77 Cr) |
| Fresh Issue | 23,00,000 shares (agg. up to ₹41 Cr) |
| Offer for Sale | 20,00,000 shares of ₹10 (agg. up to ₹36 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,23,00,000 shares |
| BSE Script Code / NSE Symbol | 541161 / DHARAN |
| ISIN | INE278R01034 |
Karda Constructions IPO comprises a total issue size of 43,00,000 shares. Out of which, 4,30,000 (10.00%) are allocated to QIB, 17,20,000 (40.00%) allocated to NII 21,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| 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.
| 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 | Part repayment of the overdraft facilities | 23.00 |
| 2 | Part repayment of the term loans | 7.00 |
| 3 | General corporate purpose | 8.78 |
The Karda Construction IPO is subscribed 2.53 times on March 21, 2018 9:00:00 PM (Day 4). The public issue subscribed 2.01 times in the retail category, 1.55 times in the QIB category, and 3.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.55 | 4,30,000 | |
| NII | 3.44 | 17,20,000 | |
| Retail | 2.01 | 21,50,000 | |
| Total | 2.53 | 43,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 2.50 |
| 2 | Brokerage and selling commission | 0.45 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.50 |
| 4 | Advertisement and Marketing Expenses | 0.50 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.50 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹180.00 | ₹180.00 |
| Open | ₹136.00 | ₹136.00 |
| Low | ₹136.00 | ₹129.20 |
| High | ₹142.80 | ₹142.80 |
| Last Trade | ₹142.80 | ₹142.80 |
Lead Manager Reports
Karda Constructions IPO is a main-board IPO of 43,00,000 equity shares of the face value of ₹10 aggregating up to ₹77 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 80.
The IPO opens on Fri, Mar 16, 2018, and closes on Wed, Mar 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 Fri, Mar 16, 2018 and closes on Wed, Mar 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 Wed, Mar 28, 2018. Check the Karda Constructions IPO allotment status.
The Karda Constructions IPO listing date is on Mon, Apr 2, 2018.
