Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Pansari Developers IPO is a fixed price issue of ₹10.19 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹10.19 crore.
Pansari Developers IPO bidding started from Sep 30, 2016 and ended on Oct 6, 2016. The shares got listed on NSE SME on Oct 18, 2016.
Pansari Developers IPO price is ₹22.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,64,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Pansari Developers 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 | ₹22 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 46,32,000 shares (aggregating up to ₹10.19 Cr) |
| Reserved for Market Maker | 2,40,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.5280 Cr) |
| Net Offered to Public | 43,92,000 shares (aggregating up to ₹9.66 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,28,14,800 shares |
| Share Holding Post Issue | 1,74,46,800 shares |
Pansari Developers IPO offers total 46,32,000 shares. Out of which 21,96,000 (47.41%) allocated to NII, 21,96,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,40,000 (5.18%) |
| NII (HNI) Shares Offered | 21,96,000 (47.41%) |
| Retail Shares Offered | 21,96,000 (47.41%) |
| Total Shares Offered | 46,32,000 (100.00%) |
Pansari Developers 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 6,000 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 | 6,000 | ₹1,32,000 |
| Retail (Max) | 1 | 6,000 | ₹1,32,000 |
| HNI (Min) | 2 | 12,000 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1996, Pansari Developers is Kolkata, West Bengal based integrated construction and real estate development company, focused primarily on construction and development of residential and commercial projects, in and around Kolkata. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.
Company's projects are marketed under the brand name of “Purti” such as Purti flower, Purti planet, Purti nest, Purti perch, Purti jewel, and Delux Mall. Visit chittorgarh.com for more detail.
Competitive Strengths:
1. Sizeable and diverse portfolio of projects in Kolkata, West Bengal
2. An established Brand name and execution track record
3. Experienced Promoters and efficient Management Team
4. Financial resources
5. Quality Assurance and Standards
| KPI | Values |
|---|---|
| RoNW | 4.63% |
The Company Pansari Developers 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 Requirement | 9.00 |
| 2 | General Corporate Expenses | 0.81 |
[Dilip Davda] Falling trends in top and bottom line is the major concern. However, cash surplus risk savvy investors may consider long term investment for this issue. Read detail review...
| Listing Date | October 18, 2016 |
| BSE Script Code | |
| NSE Symbol | PANSARI |
| ISIN | INE697V01011 |
| Final Issue Price | ₹22 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹22.00 |
| Low | ₹21.00 |
| High | ₹24.50 |
| Last Trade | ₹22.90 |
Pansari Developers Ltd.
14, N.S. Road, 4th Floor,
Kolkata,
West Bengal-700001, India
Kolkata, West Bengal
Phone: +91-033-40050500
Email: info@pansaridevelopers.com
Website: http://www.pansaridevelopers.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: pdl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Pansari Developers IPO is a SME IPO of 46,32,000 equity shares of the face value of ₹10 aggregating up to ₹10.19 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000.
The IPO opens on September 30, 2016, and closes on October 6, 2016.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pansari Developers IPO using UPI as a payment gateway. Zerodha customers can apply in Pansari Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pansari Developers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pansari Developers IPO opens on September 30, 2016 and closes on October 6, 2016.
Pansari Developers IPO lot size is 6000, and the minimum amount required for application is ₹1,32,000.
You can apply in Pansari Developers 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 Pansari Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Pansari Developers IPO allotment status.
The Pansari Developers IPO listing date is on Tuesday, October 18, 2016.
Useful Articles
RHP