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Pushpanjali Realms IPO is a fixed price issue of ₹14.55 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹14.55 crore.
Pushpanjali Realms IPO bidding started from Jun 27, 2017 and ended on Jun 30, 2017. The shares got listed on NSE SME on Jul 10, 2017.
Pushpanjali Realms IPO price is ₹55.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
Sarthi 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 Pushpanjali Realms IPO RHP for detailed Information.
| IPO Date | June 27, 2017 to June 30, 2017 |
| Listing Date | July 10, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,46,000 shares (aggregating up to ₹14.55 Cr) |
| Reserved for Market Maker | 1,34,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.7370 Cr) |
| Net Offered to Public | 25,12,000 shares (aggregating up to ₹13.82 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 73,65,000 shares |
| Share Holding Post Issue | 1,00,11,000 shares |
Pushpanjali Realms IPO offers total 26,46,000 shares. Out of which 12,56,000 (47.47%) allocated to NII, 12,56,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,34,000 (5.06%) |
| NII (HNI) Shares Offered | 12,56,000 (47.47%) |
| Retail Shares Offered | 12,56,000 (47.47%) |
| Total Shares Offered | 26,46,000 (100.00%) |
Pushpanjali Realms IPO opens on June 27, 2017, and closes on June 30, 2017.
| IPO Open Date | Tue, Jun 27, 2017 |
| IPO Close Date | Fri, Jun 30, 2017 |
| Tentative Listing Date | Mon, Jul 10, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 30, 2017 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Incorporated in 2013, Pushpanjali Realms and Infratech Ltd is a real estate development company focused primarily on construction and development of residential projects.
COMPETITIVE STRENGTHS
1. Sizeable and diverse portfolio of projects in Dehradun, Uttarakhand, India
2. An established Brand name and execution track record
3. Quality Assurance and Standards
4. Cordial relations with our customers and contractors
They have successfully executed one Residential Project named Upscale Living in Dehradun, Uttarakhand. Currnently company's ongoing Projects are 1. Eminent Heights, Dehradun, Uttarakhand, 2. Orchid Park, Dehradun, Uttarakhand.
The Company Pushpanjali Realms 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 the fund requirements for execution of the Ongoing Projects including working Capital Requirements | 11.19 |
| 2 | General Corporate Purposes | 2.90 |
| 3 | Issue Expenses | 0.46 |
[Dilip Davda] Only risk savvy cash surplus investors may consider moderate investment for long term in this aggressively priced offer. Read detail review...
| Listing Date | July 10, 2017 |
| BSE Script Code | |
| NSE Symbol | PUSHPREALM |
| ISIN | INE728W01012 |
| Final Issue Price | ₹55 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹55.00 |
| Low | ₹52.00 |
| High | ₹56.00 |
| Last Trade | ₹55.45 |
Pushpanjali Realms & Infratech Ltd.
Nath House,
Devpura,
Haridwar, Uttarakhand, 249401
Phone: +91 8791088791
Email: compliance@pushpanjali.com
Website: http://www.pushpanjali.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Pushpanjali Realms IPO is a SME IPO of 26,46,000 equity shares of the face value of ₹10 aggregating up to ₹14.55 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on June 27, 2017, and closes on June 30, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pushpanjali Realms IPO using UPI as a payment gateway. Zerodha customers can apply in Pushpanjali Realms IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pushpanjali Realms IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pushpanjali Realms IPO opens on June 27, 2017 and closes on June 30, 2017.
Pushpanjali Realms IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Pushpanjali Realms 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 Pushpanjali Realms IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Pushpanjali Realms IPO allotment status.
The Pushpanjali Realms IPO listing date is on Monday, July 10, 2017.
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