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Samruddhi Realty IPO is a fixed price issue of ₹2.62 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹2.62 crore.
Samruddhi Realty IPO bidding started from Mar 28, 2013 and ended on Apr 3, 2013. The shares got listed on BSE SME on Apr 12, 2013.
Samruddhi Realty IPO price is ₹12.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (10000 shares). The minimum lot size investment for HNI is 2 lots (20,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Samruddhi Realty IPO RHP for detailed Information.
| IPO Date | March 28, 2013 to April 3, 2013 |
| Listing Date | April 12, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,80,000 shares (aggregating up to ₹2.62 Cr) |
| Reserved for Market Maker | 1,10,000 shares Hem Securities Ltd. (aggregating up to ₹0.1320 Cr) |
| Net Offered to Public | 20,70,000 shares (aggregating up to ₹2.48 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 48,30,000 shares |
| Share Holding Post Issue | 70,00,000 shares |
Samruddhi Realty IPO offers total 21,70,000 shares. Out of which 10,30,000 (47.47%) allocated to NII, 10,30,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,10,000 (5.07%) |
| NII (HNI) Shares Offered | 10,30,000 (47.47%) |
| Retail Shares Offered | 10,30,000 (47.47%) |
| Total Shares Offered | 21,70,000 (100.00%) |
Samruddhi Realty IPO opens on March 28, 2013, and closes on April 3, 2013.
| IPO Open Date | Thu, Mar 28, 2013 |
| IPO Close Date | Wed, Apr 3, 2013 |
| Tentative Listing Date | Fri, Apr 12, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 3, 2013 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,20,000 |
| Retail (Max) | 1 | 10,000 | ₹1,20,000 |
| HNI (Min) | 2 | 20,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2003, Samruddhi Realty Ltd is the flagship company of Samruddhi Group and engaged in the business of real estate development. Company is headquartered in Bangalore and core area of operations is residential projects.
They have executed projects at different locations in the Bangalore region. They have an in-house architectural and designing team which co-ordinates the entire process from initiation of a project to its final delivery, that ensure quality of and timely execution of each project. Most of the developments carried out by them are on a joint development model with the land owners being given built up area. They currently follow a sale model for their residential projects.
Samruddhi Realty has only presence in Bangalore. Projects completed by the Company are Eastlynne Luxury Apartments, Whitefield, Regal Luxury Apartments, High Street, Royale Luxury Apartments, High Street, Grace Luxury Apartments, Viviani Road, Ananda Luxury Apartments, JP nagar, Bangalore.
| KPI | Values |
|---|---|
| RoNW | 12.48% |
The Company Samruddhi Realty 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 | Part Repayment of Term Loan taken from Karnataka Bank | |
| 2 | Issue Expenses |
[Dilip Davda] <p><strong>Considering the current down-turn in realty sector and the entry barrier, better to skip this IPO.</strong></p> Read detail review...
| Listing Date | April 12, 2013 |
| BSE Script Code | 535466 |
| NSE Symbol | |
| ISIN | INE621O01016 |
| Final Issue Price | ₹12 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹12.00 |
| Open | ₹13.00 |
| Low | ₹12.75 |
| High | ₹13.65 |
| Last Trade | ₹13.65 |
Samruddhi Realty Ltd.
202, Raheja Chambers,
12, Museum Road,
Bangalore Urban, Karnataka, 560001
Phone: +91 – 80 - 65690190
Email: cssamruddhi@samruddhigroup.com
Website: http://www.samruddhirealty.com
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: info@sharexindia.com
Website:
Samruddhi Realty IPO is a SME IPO of 21,80,000 equity shares of the face value of ₹10 aggregating up to ₹2.62 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 10000.
The IPO opens on March 28, 2013, and closes on April 3, 2013.
Sharex Dynamic (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 Samruddhi Realty IPO using UPI as a payment gateway. Zerodha customers can apply in Samruddhi Realty IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Samruddhi Realty IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Samruddhi Realty IPO opens on March 28, 2013 and closes on April 3, 2013.
Samruddhi Realty IPO lot size is 10000, and the minimum amount required for application is ₹1,20,000.
You can apply in Samruddhi Realty 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 Samruddhi Realty IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Samruddhi Realty IPO allotment status.
The Samruddhi Realty IPO listing date is on Friday, April 12, 2013.
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