Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Mon, Feb 18, 2013 - Thu, Feb 21, 2013
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Feb 18, 2013
IPO Close
Thu, Feb 21, 2013
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹3.99 Cr
| IPO Date | 18 to 21 Feb, 2013 |
| Listed on | Mon, Mar 11, 2013 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 53,58,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 2,70,000 shares Guiness Securities Ltd. (agg. up to ₹0.5400 Cr) |
| Fresh Issue (Ex Market Maker) | 50,88,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 50,88,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 1,46,20,000 shares |
| Share Holding Post Issue | 19,93,000 shares |
| BSE Script Code | 535141 |
| ISIN | INE338O01025 |
Sunstar Realty Development IPO comprises a total issue size of 53,10,000 shares. The net offer to the public is 50,40,000 shares, after excluding 2,70,000 shares allotted on a firm basis. Of the Net offer 25,20,000 (50.00%) allocated to NII 25,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 25,20,000 | 50.00% | 47.46% |
| Retail Shares Offered | 25,20,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,70,000 | 5.08% | |
| Total Shares Offered | 53,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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.
| 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 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 |
| KPI | |
|---|---|
| RoNW | 1% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 30.34% | 22.25% |
| Market Cap | ₹3.99 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Registrars and other out of pocket expenses. | 0.35 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.10 |
| 3 | Advertisement & Marketing Expenses | 0.10 |
| 4 | Regulatory & other expenses | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹21.45 |
| Low | ₹21.20 |
| High | ₹22.50 |
| Last Trade | ₹22.50 |
Lead Manager Reports
Sunstar Realty Development IPO is a SME IPO of 53,58,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Feb 18, 2013, and closes on Thu, Feb 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 Mon, Feb 18, 2013 and closes on Thu, Feb 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 Mon, Mar 11, 2013.
