The public issue of Karda Constructions Limited is coming soon to get list on both of the Exchange i.e. Bombay Stock Exchange and National Stock Exchange. Investors can retrieve all relevant information about Karda Constructions ipo such as ipo dates, Price Band, Company Profile, Allotment Status, Listing Dates, subscription details, application form etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. Karda Constructions IPO is scheduled for March 16, 2018 with a price band of Rs. 175-Rs. 180 per equity share. The lot size of applying Karda Constructions IPO is for 80 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.
Karda Constructions Ltd. was incorporated on September 17, 2007 at Nasik India. This company is engaged into construction business. Initially, it was working on developing affordable housing in the residential segment further it started to work on commercial segment as well. The firm constructs and sells residential and residential-cum-office projects in Nashik, India. It has 11 Ongoing and 3 Planned projects where total carpet area of approximately 17,13,725 square feet will be offered. Completed and ongoing projects are located in Nasik. “Hari Vishwa”, “Hari Sanskruti” “Hari Amrut” are some of projects name of the firm.
Positive Outlook of the Firm:-
- Strong presence in Nashik;
- Reputed brand image;
- Its proven execution capabilities;
- Strong project pipeline providing cash flow visibility;
- Capable to identify new projects and executes its successfully.
Objects Of The Issue:-
Below mentioned are the purpose of the issue-
- Part repayment of overdraft facilities and term loans;
- For general corporate purpose;
- Expenses as related to the issue.
Summary Of Issue:
|Issue Open:-||March 16, 2018 – March 21, 2018|
|Issue Type||100% Book Built Issue IPO|
|Issue Size (Value)||4,300,000 Equity Shares of Rs 10 aggregating up to Rs 77.40 Cr|
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. [ Rs.175 – Rs.180] Per Equity Share|
|Market lots||80 Shares|
|Minimum Order Quantity||80 Shares|
|Listing At||BSE, NSE|
(*) indicates to be updated
Karda Constructions IPO Subscription Details
|Sr.No.||Category||No. of shares offered/reserved||No. of shares bid for||No. of times of total meant for the category|
|1||Qualified Institutional Buyers (QIBs)|
|2||Non Institutional Investors (NIIs)|
|3||Retail Individual Investors (RIIs)|
Will be updated soon.
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Important dates for Karda Constructions IPO Allotment Status
- The Allotment date for Karda Constructions IPO issue is expected on March 26, 2018
- The amount will get unblocked on March 26, 2018
- The Shares are expected to credit in DP accounts on March 27, 2018
- The Shares of Karda Constructions Limited is likely to get listed on March 28, 2018 on both BSE and NSE.
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Karda Constructions IPO Allotment Status
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
It takes little time to fetch information so you need to be little patient.
Download “Karda Constructions Limited” IPO Application Form
From BSE: click here
From NSE: click here
Promoters Of the Company:-
Mr. Naresh Karda
|Particulars||For the year/Period ended (Rs. in Million)|
|Total Equity & Liabilities||24,853.72||24,961.42||23,304.63||18,612.39||16,238.73|
|Profit After Tax (PAT)||803.14||637.43||307.56||360.55||270.39|
Book Running Lead Managers Details:-
1) ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001.
Tel No.: +91 – 22 – 6216 6999;
Fax No.: +91 – 22 – 2263 0434
Investor Grievance Email: email@example.com
SEBI Registration No.: INM000011344
Contact Person: Mr. Deepak Biyani
Registrar To The Issue:-
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri (E), Mumbai – 400 059.
Tel: +91 – 22 – 6263 8200;
Fax: +91 – 22 – 6263 8299
Investor Grievance Email: firstname.lastname@example.org
SEBI Registration No.: INR000001385
Contact Person: Mr. Ashok Shetty
Registered Office Details:-
2nd Floor, Gulmohar Status, Above Business Bank,
Samarth Nagar, Nashik – 422 005; Tel No.: +91 – 253 – 235 1090;
Corporate Office: 2nd Floor, Saikrupa Complex,
Tilak Road, Muktidham, Nashik Road, Nashik – 422 101;
Tel No.: +91 – 253 – 246 5436;
Contact Person: Mrs. Mayura Marathe, Company Secretary and Compliance Officer
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