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Ratnabhumi Developers IPO is a fixed price issue of Rs 23.31 crores.
Ratnabhumi Developers IPO bidding started from December 4, 2017 and ended on December 6, 2017. The shares got listed on BSE SME on December 14, 2017.
Ratnabhumi Developers IPO price is ₹63 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹126,000.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the Ratnabhumi Developers IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Ratnabhumi Developers IPO RHP for detailed information.
| IPO Date | December 4, 2017 to December 6, 2017 |
| Listing Date | December 14, 2017 |
| Face Value | ₹10 per share |
| Price | ₹63 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,700,000 shares (aggregating up to ₹23.31 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 10,000,000 |
| Share holding post issue | 13,700,000 |
Ratnabhumi Developers IPO offers 3,700,000 shares. 1,850,000 (50.00%) to NII, 1,850,000 (50.00%) to RII.
| Investor Category | Shares Offered | |
|---|---|---|
| Anchor Investor Shares Offered | - | |
| Market Maker Shares Offered | - | - |
| Other Shares Offered | 1,850,000 (50.00%) | |
| Retail Shares Offered | 1,850,000 (50.00%) | |
| Total Shares Offered | 3,700,000 (100%) |
Investors can bid for a minimum of 2000 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 | 2000 | ₹126,000 |
| Retail (Max) | 1 | 2000 | ₹126,000 |
| Lot Size Calculator | |||
Ratnabhumi Developers Limited is Ahmedabad Gujrat based company engaged in real estate and construction business. During the period 2009-2012, our Company completed the project namely Ratna TURQUOISE costing Rs 65.63 Crores. During the period 2012-17, company's main business activities were selling and marketing of its commercial offices and shops constructed in our project Turquoise. Apart from selling and marketing of its commercials offices and shops, we have rented our shops, offices and spaces in our Project Turquoise to corporate clients for their business, commercials, advertisement and installing network equipment.
The objects of the Issue are:
1. Acquisition of Land/Plot of Land and other strategic Initiatives;
2. Capital Contribution towards 45% stake in Rajul Projects LLP - Project Ratna Artemus II- Paldi, Ahmedabad
3. General Corporate Purpose;
4. Meeting Public Issue Expenses.
[Dilip Davda] There is no harm in giving this highly priced issue a miss. (Avoid) Read detail review...
The Ratnabhumi Developers IPO is subscribed times on December 6, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | |
| Retail | |
| Total |
| Listing Date | December 14, 2017 |
| BSE Script Code | 540796 |
| NSE Symbol | |
| ISIN | INE821Y01011 |
| Final Issue Price | ₹63 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹63.00 |
| ₹63.45 |
| ₹63.00 |
| ₹64.90 |
| ₹63.55 |
Ratnabhumi Developers Limited
S.F. 207, Turquoise, Panchvati Panch Rasta,
Nr. White House, E.B., C.G. Road,
Ahmedabad 380 009
Phone: +91 79 2642 4209
Email: compliance@ratnagroup.co.in
Website: http://ratnagroup.co.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rdl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Ratnabhumi Developers IPO is a SME IPO of 3,700,000 equity shares of the face value of ₹10 aggregating up to ₹23.31 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000 Shares.
The IPO opens on December 4, 2017, and closes on December 6, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Ratnabhumi Developers IPO opens on December 4, 2017 and closes on December 6, 2017.
Ratnabhumi Developers IPO lot size is 2000 Shares, and the minimum amount required is ₹126,000.
You can apply in Ratnabhumi 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 Ratnabhumi Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ratnabhumi Developers IPO allotment status.
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