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Giriraj Civil Developers IPO is a fixed price issue of Rs 9.00 crores.
Giriraj Civil Developers IPO bidding started from March 19, 2018 and ended on March 21, 2018. The shares got listed on NSE SME on April 2, 2018.
Giriraj Civil Developers IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Aryaman Financial Services Limited is the book running lead manager of the Giriraj Civil Developers IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Giriraj Civil Developers IPO RHP for detailed information.
| IPO Date | March 19, 2018 to March 21, 2018 |
| Listing Date | April 2, 2018 |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 900,000 shares (aggregating up to ₹9.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,944,100 |
| Share holding post issue | 3,244,100 |
| Market Maker portion | 48,000 shares |
Giriraj Civil Developers IPO offers 948,000 shares. 426,000 (44.94%) to NII, 426,000 (44.94%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 48,000 (5.06%) |
| Other Shares Offered | 426,000 (44.94%) |
| Retail Shares Offered | 426,000 (44.94%) | Other Shares Offered | 48,000 (5.06%) |
| Total Shares Offered | 948,000 (100%) |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in 2005, Giriraj Civil Developers Ltd is a Mumbai based civil works contracting and engineering company. The company is also engaged in trading activities, wherein they trade construction materials, mainly steel and cement.
Currently they are doing Railway sector projects where they undertake a wide scope of work which includes construction of foot over bridges, platform extensions; sick line sheds, stabling lines etc. They are also engaged in infrastructural projects for government / semi-government bodies like MCGM and MRVC and for various private players.
The Company's mainly projects undertaken are in the states of Maharashtra and Gujarat. Currently it has 21 ongoing projects. Giriraj Civil also have Joint Ventures (JV) and consortiums with other infrastructure and construction companies.
As on December 31, 2017 the company had 34 employees.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 6,436.20 | 4,509.10 | 3,695.16 | 3,168.17 | 2,362.18 | |
| Total Revenue | 4,527.02 | 4,821.48 | 4,995.42 | 5,674.18 | 4,224.83 | |
| Profit After Tax | 178.79 | 175.00 | 189.48 | 196.58 | 149.02 | |
The object of the issue are to:
1. Repayment of unsecured loans;
2. Expenditure for general corporate purposes.
[Dilip Davda]
Considering declining trends in performance issue appears fully priced. Cash surplus risk savvy investors may consider investment for long term on their own risk.
Read detail review...The Giriraj Civil Developers IPO is subscribed 1.16 times on March 21, 2018 5:00:00 PM. The public issue subscribed 1.36 times in the retail category, times in the QIB category, and 0.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.96 |
| Retail | 1.36 |
| Total | 1.16 |
| Listing Date | April 2, 2018 |
| BSE Script Code | |
| NSE Symbol | GIRIRAJ |
| ISIN | INE614Z01017 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹100.00 |
| ₹101.00 |
| ₹100.10 |
| ₹101.00 |
| ₹100.10 |
Giriraj Civil Developers Ltd
101 Jaitirth Co-Op. Hous. Society,
Road No.10 Borivali (East),
Mumbai - 400066
Phone: + 91-22-28906356
Email: info@giriraj.biz
Website: http://www.giriraj.biz.com
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
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Giriraj Civil Developers IPO is a SME IPO of 900,000 equity shares of the face value of ₹10 aggregating up to ₹9.00 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on March 19, 2018, and closes on March 21, 2018.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Giriraj Civil Developers IPO opens on March 19, 2018 and closes on March 21, 2018.
Giriraj Civil Developers IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in Giriraj Civil Developers IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Giriraj Civil Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Giriraj Civil Developers IPO allotment status.
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