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Sunstar Realty Development IPO is a fixed price issue of ₹10.72 crores. The issue is entirely a fresh issue of 0.54 crore shares of ₹10.72 crore.
Sunstar Realty Development IPO bidding started from Feb 18, 2013 and ended on Feb 21, 2013. The shares got listed on BSE SME on Mar 11, 2013.
Sunstar Realty Development IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to Sunstar Realty Development IPO RHP for detailed Information.
| IPO Date | February 18, 2013 to February 21, 2013 |
| Listing Date | March 11, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 53,58,000 shares (aggregating up to ₹10.72 Cr) |
| Reserved for Market Maker | 2,70,000 shares Guiness Securities Ltd. (aggregating up to ₹0.5400 Cr) |
| Net Offered to Public | 50,88,000 shares (aggregating up to ₹10.18 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,46,20,000 shares |
| Share Holding Post Issue | 19,93,000 shares |
Sunstar Realty Development IPO offers total 53,10,000 shares. Out of which 25,20,000 (47.46%) allocated to NII, 25,20,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,70,000 (5.08%) |
| NII (HNI) Shares Offered | 25,20,000 (47.46%) |
| Retail Shares Offered | 25,20,000 (47.46%) |
| Total Shares Offered | 53,10,000 (100.00%) |
Sunstar Realty Development IPO opens on February 18, 2013, and closes on February 21, 2013.
| IPO Open Date | Mon, Feb 18, 2013 |
| IPO Close Date | Thu, Feb 21, 2013 |
| Tentative Listing Date | Mon, Mar 11, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 21, 2013 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2008, Sunstar Realty Development Limited is in the business of infrastructure development. The company mainly engages in the development, sale, and lease of commercial, residential, retail, and industrial properties. Company's portfolio includes residential projects, commercial projects, special economic zones, SRAs, IT parks, biotech parks, robotic car parks, retail parks, and textile parks.
Sunstar Realty's clients includes Arshiya, Jain group of industries, Safal constraction pvt ltd, Triveni infratech, Shree mahalaxmi developers, Kailash darshan developers, Anubhav infrastructure Ltd, Silverpoint Infratech Ltd and Leone infrastructure Ltd.
The Company Sunstar Realty Development 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 expenditure of work order awarded by Jain Infraprojects Limited | 4.00 |
| 2 | To finance the development and construction related expenditures of the Planned Projects | 5.00 |
| 3 | Brand Building and General Corporate purposes | 1.00 |
| 4 | Issue Expenses | 0.62 |
| Listing Date | March 11, 2013 |
| BSE Script Code | 535141 |
| NSE Symbol | |
| ISIN | INE338O01025 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹21.45 |
| Low | ₹21.20 |
| High | ₹22.50 |
| Last Trade | ₹22.50 |
Sunstar Realty Development Ltd.
23, Regus Business Centre,
Ismail Building, Opp Flora Fountain,
D N Road, Fort
Mumbai, Maharashtra, 400001
Phone: 91-22-65341988
Email: info@sunstarrealtors.com
Website: http://www.sunstarrealtors.com
Sharepro Services Pvt.Ltd.
Phone: 9999999999
Email: sme.ipo@shareproservices.com
Website:
Sunstar Realty Development IPO is a SME IPO of 53,58,000 equity shares of the face value of ₹10 aggregating up to ₹10.72 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on February 18, 2013, and closes on February 21, 2013.
Sharepro Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sunstar Realty Development IPO using UPI as a payment gateway. Zerodha customers can apply in Sunstar Realty Development IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sunstar Realty Development IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sunstar Realty Development IPO opens on February 18, 2013 and closes on February 21, 2013.
Sunstar Realty Development IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Sunstar Realty Development 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 Sunstar Realty Development IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sunstar Realty Development IPO allotment status.
The Sunstar Realty Development IPO listing date is on Monday, March 11, 2013.
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