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Ratnabhumi Developers IPO is a fixed price issue of ₹23.31 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹23.31 crore.
Ratnabhumi Developers IPO bidding started from Dec 4, 2017 and ended on Dec 6, 2017. The shares got listed on BSE SME on Dec 14, 2017.
Ratnabhumi Developers IPO price is ₹63.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,52,000.
Corporate Capitalventures Pvt.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 Beeline Broking Ltd..
Refer to Ratnabhumi Developers IPO RHP for detailed Information.
| IPO Date | December 4, 2017 to December 6, 2017 |
| Listing Date | December 14, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,00,000 shares (aggregating up to ₹23.31 Cr) |
| Reserved for Market Maker | 1,88,000 shares Beeline Broking Ltd. (aggregating up to ₹1.18 Cr) |
| Net Offered to Public | 35,12,000 shares (aggregating up to ₹22.13 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,37,00,000 shares |
Ratnabhumi Developers IPO offers total 37,00,000 shares. Out of which 17,56,000 (47.46%) allocated to NII, 17,56,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,88,000 (5.08%) |
| NII (HNI) Shares Offered | 17,56,000 (47.46%) |
| Retail Shares Offered | 17,56,000 (47.46%) |
| Total Shares Offered | 37,00,000 (100.00%) |
Ratnabhumi Developers IPO opens on December 4, 2017, and closes on December 6, 2017.
| IPO Open Date | Mon, Dec 4, 2017 |
| IPO Close Date | Wed, Dec 6, 2017 |
| Tentative Listing Date | Thu, Dec 14, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 6, 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 | ₹1,26,000 |
| Retail (Max) | 1 | 2,000 | ₹1,26,000 |
| HNI (Min) | 2 | 4,000 | ₹2,52,000 |
Ratnabhumi Developers Limited is Ahmedabad Gujrat based company engaged in real estate and construction business. During the period 2009-2012, our Company completed the project namely Ratna TURQUOISE costing Rs 65.63 Crores. During the period 2012-17, company's main business activities were selling and marketing of its commercial offices and shops constructed in our project Turquoise. Apart from selling and marketing of its commercials offices and shops, we have rented our shops, offices and spaces in our Project Turquoise to corporate clients for their business, commercials, advertisement and installing network equipment.
The Company Ratnabhumi 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 | Acquisition of Land/Plot of Land and other strategic Initiatives | 14.00 |
| 2 | Capital Contribution towards 45% stake in Rajul Projects LLP – Project Ratna Artemus II- Paldi, Ahmedabad (45% of total Construction Cost of ` 728.13 Lakhs for building 48000 Square Feet) | 3.28 |
| 3 | General Corporate Purpose | 5.38 |
| 4 | Meeting Public Issue Expenses | 0.65 |
[Dilip Davda] There is no harm in giving this highly priced issue a miss. (Avoid) Read detail review...
| Listing Date | December 14, 2017 |
| BSE Script Code | 540796 |
| NSE Symbol | |
| ISIN | INE821Y01011 |
| Final Issue Price | ₹63 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹63.00 |
| Open | ₹63.45 |
| Low | ₹63.00 |
| High | ₹64.90 |
| Last Trade | ₹63.55 |
Ratnabhumi Developers Ltd.
S.F. 207, Turquoise, Panchvati Panch Rasta,
Nr. White House,
E.B., C.G. Road,
Ahmedabad, Gujarat, 380009
Phone: +91 79 2642 4209
Email: compliance@ratnagroup.co.in
Website: http://ratnagroup.co.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: rdl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Ratnabhumi Developers IPO is a SME IPO of 37,00,000 equity shares of the face value of ₹10 aggregating up to ₹23.31 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000.
The IPO opens on December 4, 2017, and closes on December 6, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ratnabhumi Developers IPO using UPI as a payment gateway. Zerodha customers can apply in Ratnabhumi Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ratnabhumi Developers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ratnabhumi Developers IPO opens on December 4, 2017 and closes on December 6, 2017.
Ratnabhumi Developers IPO lot size is 2000, and the minimum amount required for application is ₹1,26,000.
You can apply in Ratnabhumi 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 Ratnabhumi Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ratnabhumi Developers IPO allotment status.
The Ratnabhumi Developers IPO listing date is on Thursday, December 14, 2017.
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