Fixed Price IPO | ₹23 Cr | Listed at BSE SME | Wed, Mar 22, 2017 - Fri, Mar 24, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 22, 2017
IPO Close
Fri, Mar 24, 2017
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹73.36 Cr
| IPO Date | 22 to 24 Mar, 2017 |
| Listed on | Wed, Apr 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 46,71,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 2,37,000 shares Monarch Networth Capital Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 44,34,000 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 44,34,000 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,46,71,000 shares |
| BSE Script Code | 540426 |
| ISIN | INE792V01010 |
Relstruct Buildcon IPO comprises a total issue size of 46,71,000 shares. The net offer to the public is 44,34,000 shares, after excluding 2,37,000 shares allotted on a firm basis. Of the Net offer 22,17,000 (50.00%) allocated to NII 22,17,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 22,17,000 | 50.00% | 47.46% |
| Retail Shares Offered | 22,17,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,37,000 | 5.07% | |
| Total Shares Offered | 46,71,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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
| 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 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 |
The Relstruct Buildcon IPO is subscribed [.] times on March 24, 2017 6:20:00 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 |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages | 0.29 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 3 | Advertisement & Marketing Expenses | 0.02 |
| 4 | Regulatory expenses and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.11 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹50.00 |
| Low | ₹46.00 |
| High | ₹50.00 |
| Last Trade | ₹46.75 |
Lead Manager Reports
Relstruct Buildcon IPO is a SME IPO of 46,71,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Mar 22, 2017, and closes on Fri, Mar 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 Wed, Mar 22, 2017 and closes on Fri, Mar 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 Wed, Apr 5, 2017.
