Karda Constructions Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

16 Mar 2018

Close Date

21 Mar 2018

Allotment

26 Mar 2018

Listing Date

02 Apr 2018

Exchange

NSE & BSE

Price Band

₹180

Listing Price

See chart

Allotment Status

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Price Band

₹180

Per share

Face Value

₹10 per share

Lot Size

80 Shares

per lot

Issue Size

43,00,000 shares (aggregating up to ₹77.40 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,400

1 lot

Pre-IPO Holding

1,00,00,000 shares

Promoters

Post-IPO Holding

1,23,00,000 shares

Promoters

UPI Deadline

2021-03-21

Mandate

Anchor AllotmentThu, 15 Mar 2018

Basis of AllotmentMon, 26 Mar 2018

Refund InitiationTue, 27 Mar 2018

Demat CreditWed, 28 Mar 2018

Listing DayMon, 02 Apr 2018

UPI Mandate Deadline2021-03-21

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares23,00,000 shares (aggregating up to ₹41.40 Cr)

Offer for Sale20,00,000 shares of ₹10 (aggregating up to ₹36.00 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Karda Constructions Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Mar 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,300,000	100%	₹77.40

IPO Shares Offered

Karda Constructions Ltd. IPO total issue size: ₹77.40 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	4,300,000	₹77.40	100.00%

* Based on upper price band ₹180 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹180.00

Upper Band

Min Investment

₹14,400

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	160	₹28,800
Retail (Max — 13 Lots)	13	1,040	₹187,200
S-HNI (Min — 14 Lots)	14	1,120	₹201,600
B-HNI (Min — 70 Lots)	70	5,600	₹1,008,000

* Issue Price ₹180 × Lot Size 80 shares

IPO Schedule

Anchor

15 Mar 2018

✓ Done

IPO Open

16 Mar 2018

✓ Done

IPO Close

21 Mar 2018

✓ Done

Allotment

26 Mar 2018

✓ Done

Refunds

27 Mar 2018

✓ Done

Demat Credit

28 Mar 2018

✓ Done

Listing Day

02 Apr 2018

✓ Done

₹180.00

INR · BSE

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Issue ₹180.00 Live Price

About Karda Constructions Ltd.

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.

Objects of the Issue

1 Part repayment of the overdraft facilities

2 Part repayment of the term loans

3 General corporate purpose

Karda Constructions Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹4,653.4

31-Mar-15

₹10,593.5

31-Mar-16

₹11,002.3

31-Mar-17

Profit After Tax (PAT)

₹307.6

31-Mar-15

₹637.4

31-Mar-16

₹803.1

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	11002.26	10593.47	4653.44
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	803.14	637.43	307.56
Net Worth	N/A	N/A	N/A
Total Assets	24853.72	24961.42	23304.63
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered43,00,000 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding1,00,00,000 shares

Post-Issue Promoter Holding1,23,00,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Aryaman Financial Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Karda Constructions Ltd. IPO subscribed? ▲

Karda Constructions Ltd. IPO is subscribed 1.00 times by Mar 21, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Karda Constructions Ltd. IPO retail subscription status? ▼

The Karda Constructions Ltd. IPO retail category is subscribed 1.00 times as of 21 Mar 2018. The retail portion is oversubscribed.

How to subscribe Karda Constructions Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 16 Mar 2018 and closes 21 Mar 2018. Min investment: ₹14,400 (1 lot = 80 shares). UPI mandate: 2021-03-21.

How many times Karda Constructions Ltd. IPO subscribed? ▼

The Karda Constructions Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Karda Constructions Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 26 Mar 2018. Refunds: on 27 Mar 2018.

When Karda Constructions Ltd. IPO will be listed? ▼

The Karda Constructions Ltd. IPO listing date is 02 Apr 2018, Monday. Listed on: NSE & BSE. Issue price: ₹180. Estimated listing: ₹180. GMP: NIL.

When Karda Constructions Ltd. IPO close? ▼

The Karda Constructions Ltd. IPO closes on 21 Mar 2018, Wednesday. UPI mandate: 2021-03-21. Allotment: 26 Mar 2018. Listing: 02 Apr 2018.

Quick Actions

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Live Price LIVE

Last Price₹180.00

Change—

Issue Price₹180.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹180

Face Value₹10

Lot Size80 Sh

Min. Amount₹14,400

GMPNIL

Est. Listing₹180

Subscribed1.00x

Open Date16 Mar 2018

Close Date21 Mar 2018

Allotment26 Mar 2018

Listing Date02 Apr 2018

ExchangeNSE & BSE

UPI Deadline2021-03-21