Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Fri, Sep 30, 2016 - Thu, Oct 6, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 30, 2016
IPO Close
Thu, Oct 6, 2016
Issue Price
₹22 per share
Market Cap (Pre-IPO)
₹38.38 Cr
| IPO Date | 30 Sep to 6 Oct, 2016 |
| Listed on | Tue, Oct 18, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹22 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 46,32,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 2,40,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.5280 Cr) |
| Fresh Issue (Ex Market Maker) | 43,92,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 43,92,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 1,28,14,800 shares |
| Share Holding Post Issue | 1,74,46,800 shares |
| NSE Symbol | PANSARI |
| ISIN | INE697V01011 |
Pansari Developers IPO comprises a total issue size of 46,32,000 shares. The net offer to the public is 43,92,000 shares, after excluding 2,40,000 shares allotted on a firm basis. Of the Net offer 21,96,000 (50.00%) allocated to NII 21,96,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 21,96,000 | 50.00% | 47.41% |
| Retail Shares Offered | 21,96,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,40,000 | 5.18% | |
| Total Shares Offered | 46,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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
| 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 Requirement | 9.00 |
| 2 | General Corporate Expenses | 0.81 |
| KPI | |
|---|---|
| RoNW | 4.63% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 73.45% |
| Market Cap | ₹38.38 Cr. |
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 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.31 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.02 |
| 4 | Statutory expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹22.00 |
| Low | ₹21.00 |
| High | ₹24.50 |
| Last Trade | ₹22.90 |
Lead Manager Reports
Pansari Developers IPO is a SME IPO of 46,32,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Sep 30, 2016, and closes on Thu, Oct 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 Fri, Sep 30, 2016 and closes on Thu, Oct 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 Tue, Oct 18, 2016.
