Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Karda Construction IPO is a book built issue of Rs 77.40 crores.
Karda Construction IPO bidding started from March 16, 2018 and ended on March 21, 2018. The allotment for Karda Construction IPO was finalized on Monday, March 26, 2018. The shares got listed on BSE, NSE on April 2, 2018.
Karda Construction IPO price band is set at ₹175 to ₹180 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹14,400.
Aryaman Financial Services Limited is the book running lead manager of the Karda Construction IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Karda Construction IPO RHP for detailed information.
| IPO Date | March 16, 2018 to March 21, 2018 |
| Listing Date | April 2, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹175 to ₹180 per share |
| Lot Size | 80 Shares |
| Total Issue Size | 4,300,000 shares (aggregating up to ₹77.40 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 10,000,000 |
| Share holding post issue | 12,300,000 |
Karda Construction IPO offers 4,300,000 shares. 430,000 (10.00%) to QIB, 1,720,000 (40.00%) to NII, 2,150,000 (50.00%) to RII. 26,875 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 1,120 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 430,000 (10.00%) | NA |
| NII (HNI) Shares Offered | 1,720,000 (40.00%) | |
| Retail Shares Offered | 2,150,000 (50.00%) | 26,875 |
| Total Shares Offered | 4,300,000 (100%) |
Karda Construction IPO opens on March 16, 2018, and closes on March 21, 2018.
| IPO Open Date | Friday, March 16, 2018 |
| IPO Close Date | Wednesday, March 21, 2018 |
| Basis of Allotment | Monday, March 26, 2018 |
| Initiation of Refunds | Tuesday, March 27, 2018 |
| Credit of Shares to Demat | Wednesday, March 28, 2018 |
| Listing Date | Monday, April 2, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 21, 2018 |
Investors can bid for a minimum of 80 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 | 80 | ₹14,400 |
| Retail (Max) | 13 | 1040 | ₹187,200 |
| Lot Size Calculator | |||
Incorporated in 2007, Karda Constriction Limited is engaged in construction business. They are a real estate development company which develops and sells residential and residential-cum-office projects in Nashik, India.
Company has successfully completed and delivered 15 residential projects and office space projects like Hari Smruti, Hari Amantran, Hari Shrushti, Hari Kunj, Hari NiwasHari Niketan, Hari Sankalp etc. They currently have 13 Ongoing and 3 Planned projects.
They have received “Mega Builder of the Year” award of Divya Marathi in June 2013, for having an exceptional performance in the real estate segment in Nashik.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 24,853.72 | 24,961.42 | 23,304.63 | 18,612.39 | 16,238.73 | |
| Total Revenue | 11,002.26 | 10,593.47 | 4,653.44 | 5,907.39 | 4,328.65 | |
| Profit After Tax | 803.14 | 637.43 | 307.56 | 360.55 | 270.39 | |
The object of the issue are to:
1. Part repayment of overdraft facilities;
2. Part repayment of term loans;
3. General corporate purpose;
4. Issue related expenses.
[Dilip Davda]
Issue appears fully priced. However, considering bright prospects for the low cost housing going forward and the company having major thrust for low cost housing projects, Investors may consider investment for long term.
Read detail review...The Karda Construction IPO is subscribed 2.53 times on March 21, 2018 9:00:00 PM. The public issue subscribed 2.01 times in the retail category, 1.55 times in the QIB category, and 3.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.55 |
| NII | 3.44 |
| Retail | 2.01 |
| Total | 2.53 |
| Listing Date | April 2, 2018 |
| BSE Script Code | 541161 |
| NSE Symbol | KBCGLOBAL |
| ISIN | INE278R01034 |
| Final Issue Price | ₹180 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹180.00 |
| ₹136.00 |
| ₹136.00 |
| ₹142.80 |
| ₹142.80 |
| NSE |
|---|
| ₹180.00 |
| ₹136.00 |
| ₹129.20 |
| ₹142.80 |
| ₹142.80 |
Karda Construction Ltd
2nd Floor Gulmohar Status,
Above Business Bank,
Samarth Nagar, Nashik - 422005
Phone: +91– 253 – 235 1090
Email: admin@kardaconstruction.com
Website: http://www.kardaconstruction.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Karda Construction IPO is a main-board IPO of 4,300,000 equity shares of the face value of ₹10 aggregating up to ₹77.40 Crores. The issue is priced at ₹175 to ₹180 per share. The minimum order quantity is 80 Shares.
The IPO opens on March 16, 2018, and closes on March 21, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Karda Construction IPO opens on March 16, 2018 and closes on March 21, 2018.
Karda Construction IPO lot size is 80 Shares, and the minimum amount required is ₹14,400.
You can apply in Karda Construction 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 Karda Construction IPO will be done on Monday, March 26, 2018, and the allotted shares will be credited to your demat account by Wednesday, March 28, 2018. Check the Karda Construction IPO allotment status.
IPO Guru (1300+ Posts, 800+ Likes)
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Mentor (600+ Posts, 400+ Likes)
Top Contributor (700+ Posts, 200+ Likes)
I cant find the recent annual or the quarterly reports for Karda, I thought its necessary to upload the statements once the company is listed.
Could some one please point out if I am missing something.