Fixed Price IPO | ₹23 Cr | Listed at BSE SME | Mon, Dec 4, 2017 - Wed, Dec 6, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Dec 4, 2017
IPO Close
Wed, Dec 6, 2017
Issue Price
₹63 per share
Market Cap (Pre-IPO)
₹86.31 Cr
| IPO Date | 4 to 6 Dec, 2017 |
| Listed on | Thu, Dec 14, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,00,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 1,88,000 shares Beeline Broking Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 35,12,000 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 35,12,000 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,37,00,000 shares |
| BSE Script Code | 540796 |
| ISIN | INE821Y01011 |
Ratnabhumi Developers IPO comprises a total issue size of 37,00,000 shares. The net offer to the public is 35,12,000 shares, after excluding 1,88,000 shares allotted on a firm basis. Of the Net offer 17,56,000 (50.00%) allocated to NII 17,56,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,56,000 | 50.00% | 47.46% |
| Retail Shares Offered | 17,56,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,88,000 | 5.08% | |
| Total Shares Offered | 37,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| 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 | 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 |
The Ratnabhumi Developers IPO is subscribed [.] times on December 6, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 18,50,000 | 40,86,000 |
| Retail | [.] | 18,50,000 | 12,08,000 |
| Total | [.] | 37,00,000 | 52,94,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.42 |
| 2 | Printing & Stationery and Postage Expenses | 0.05 |
| 3 | Marketing and Advertisement Expenses | 0.05 |
| 4 | Regulatory fees and other expenses | 0.10 |
| 5 | Other Miscellaneous expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹63.00 |
| Open | ₹63.45 |
| Low | ₹63.00 |
| High | ₹64.90 |
| Last Trade | ₹63.55 |
Lead Manager Reports
Ratnabhumi Developers IPO is a SME IPO of 37,00,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Dec 4, 2017, and closes on Wed, Dec 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 Mon, Dec 4, 2017 and closes on Wed, Dec 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 Thu, Dec 14, 2017.
