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Relstruct Buildcon IPO is a fixed price issue of ₹23.36 crores. The issue is entirely a fresh issue of 0.47 crore shares of ₹23.36 crore.
Relstruct Buildcon IPO bidding started from Mar 22, 2017 and ended on Mar 24, 2017. The shares got listed on BSE SME on Apr 5, 2017.
Relstruct Buildcon IPO price is ₹50.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Monarch Networth Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Monarch Networth Capital Ltd..
Refer to Relstruct Buildcon IPO RHP for detailed Information.
| IPO Date | March 22, 2017 to March 24, 2017 |
| Listing Date | April 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 46,71,000 shares (aggregating up to ₹23.36 Cr) |
| Reserved for Market Maker | 2,37,000 shares Monarch Networth Capital Ltd. (aggregating up to ₹1.19 Cr) |
| Net Offered to Public | 44,34,000 shares (aggregating up to ₹22.17 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,46,71,000 shares |
Relstruct Buildcon IPO offers total 46,71,000 shares. Out of which 22,17,000 (47.46%) allocated to NII, 22,17,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,37,000 (5.07%) |
| NII (HNI) Shares Offered | 22,17,000 (47.46%) |
| Retail Shares Offered | 22,17,000 (47.46%) |
| Total Shares Offered | 46,71,000 (100.00%) |
Relstruct Buildcon IPO opens on March 22, 2017, and closes on March 24, 2017.
| IPO Open Date | Wed, Mar 22, 2017 |
| IPO Close Date | Fri, Mar 24, 2017 |
| Tentative Listing Date | Wed, Apr 5, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 24, 2017 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Incorporated in 2014, Relstruct Buildcon Limited develops real estate properties in India. Company engaged in construction of buildings, townships, commercial complexes, and land constructional works. The company also undertakes redevelopment of government housing projects and customized infrastructure projects, markets residential and commercial units and offers consultancy service for real estate projects.
Relstruct Buildcon had successfully undertaken, executed and completed residential projects in Mumbai such as Pujari Apartment, Chembur, Giri Niwas, Vikhroli, Sargam Tower, Tilak Nagar, Hill View Apartment, Chembur. Currently, their business activity includes:
1. Development and construction of Residential and Commercial Complex
2. Re development and Slum Redevelopment project under Development/joint venture basis
3. Development of Township and affordable housing project near Metro cities
4. Infrastructure development under work contract from Government authority and corporate
5. Consultancy, Design and Drawing for Real Estate project and monitor them during implementation
The Company Relstruct Buildcon 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 finance the development and construction related expenditures of the Green Park Project Boisar, Maharashtra and Stanza, Chembur, Mumbai & Future Projects | 22.34 |
| 2 | Purchase of Equipments | 0.50 |
| 3 | General Corporate Expenses | 0.07 |
| 4 | Issue Expenses | 0.45 |
[Dilip Davda] Issue is very highly priced and having a business in most competitive field. Only risk savvy cash surplus investors may consider it for long term. Read detail review...
| Listing Date | April 5, 2017 |
| BSE Script Code | 540426 |
| NSE Symbol | |
| ISIN | INE792V01010 |
| Final Issue Price | ₹50 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹50.00 |
| Low | ₹46.00 |
| High | ₹50.00 |
| Last Trade | ₹46.75 |
Relstruct Buildcon Ltd.
B/ 201 - 202, 2nd Floor,
Sunshine Plaza Subhash Lane,
Malad East,
Mumbai, Maharashtra, 400097
Phone: + 91 22 28896386
Email: contact@relstructbuildcon.com
Website: http://www.relstructbuildcon.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Relstruct Buildcon IPO is a SME IPO of 46,71,000 equity shares of the face value of ₹10 aggregating up to ₹23.36 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on March 22, 2017, and closes on March 24, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Relstruct Buildcon IPO using UPI as a payment gateway. Zerodha customers can apply in Relstruct Buildcon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Relstruct Buildcon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Relstruct Buildcon IPO opens on March 22, 2017 and closes on March 24, 2017.
Relstruct Buildcon IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Relstruct Buildcon 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 Relstruct Buildcon IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Relstruct Buildcon IPO allotment status.
The Relstruct Buildcon IPO listing date is on Wednesday, April 5, 2017.
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