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Pansari Developers IPO is a fixed price issue of Rs 10.19 crores.
Pansari Developers IPO bidding started from September 30, 2016 and ended on October 6, 2016. The shares got listed on NSE SME on October 18, 2016.
Pansari Developers IPO price is ₹22 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
Hem Securities Limited is the book running lead manager of the Pansari Developers IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Pansari Developers IPO is Hem Finlease.
Refer to Pansari Developers IPO RHP for detailed information.
| IPO Date | September 30, 2016 to October 6, 2016 |
| Listing Date | October 18, 2016 |
| Face Value | ₹10 per share |
| Price | ₹22 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 4,632,000 shares (aggregating up to ₹10.19 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,814,800 |
| Share holding post issue | 17,446,800 |
| Market Maker portion | 240,000 shares Hem Finlease |
Investors can bid for a minimum of 6000 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 | 6000 | ₹132,000 |
| Retail (Max) | 1 | 6000 | ₹132,000 |
| Lot Size Calculator | |||
Mr. Mahesh Kumar Agarwal, Mahesh Kumar Agarwal HUF and Dinesh Kumar Agarwal HUF are the Promoters of the Company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.45% |
Incorporated in 1996, Pansari Developers is Kolkata, West Bengal based integrated construction and real estate development company, focused primarily on construction and development of residential and commercial projects, in and around Kolkata. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.
Company's projects are marketed under the brand name of “Purti” such as Purti flower, Purti planet, Purti nest, Purti perch, Purti jewel, and Delux Mall. Visit chittorgarh.com for more detail.
Competitive Strengths:
1. Sizeable and diverse portfolio of projects in Kolkata, West Bengal
2. An established Brand name and execution track record
3. Experienced Promoters and efficient Management Team
4. Financial resources
5. Quality Assurance and Standards
| KPI | Values |
|---|---|
| RoNW | 4.63% |
Company intend to utilize the proceeds of the Issue to meet the following objects:
1. To meet Working Capital Requirement
2. General Corporate Expenses, and
3. To Meet the Issue Expenses
[Dilip Davda] Falling trends in top and bottom line is the major concern. However, cash surplus risk savvy investors may consider long term investment for this issue. Read detail review...
| Listing Date | October 18, 2016 |
| BSE Script Code | |
| NSE Symbol | PANSARI |
| ISIN | INE697V01011 |
| Final Issue Price | ₹22 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹22.00 |
| ₹22.00 |
| ₹21.00 |
| ₹24.50 |
| ₹22.90 |
Pansari Developers Limited
14, N.S. Road, 4th Floor,
Kolkata,
West Bengal-700001, India
Phone: +91-033-40050500
Email: info@pansaridevelopers.com
Website: http://www.pansaridevelopers.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pdl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Pansari Developers IPO is a SME IPO of 4,632,000 equity shares of the face value of ₹10 aggregating up to ₹10.19 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000 Shares.
The IPO opens on September 30, 2016, and closes on October 6, 2016.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Pansari Developers IPO opens on September 30, 2016 and closes on October 6, 2016.
Pansari Developers IPO lot size is 6000 Shares, and the minimum amount required is ₹132,000.
You can apply in Pansari 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 Pansari Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Pansari Developers IPO allotment status.
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RHP
I am new in this forum, so any criticism is welcome on my comment
This IPO is reasonably priced and chances of return is higher as compared to loss..
I am subscribing being a Kolkata resident as they are branded and reputed here and since I am engaged as employee in another development company I understand real estate.
Thanks