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Nitesh Estates Ltd.

Nitesh Estates Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹56
₹56
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹56
Based on GMP
Min. Investment
₹5,600
1 lot × 100 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
23 Apr 2010
Close Date
27 Apr 2010
Allotment
03 May 2010
Listing Date
13 May 2010
Exchange
NSE & BSE
Price Band
₹56
Listing Price
See chart
Allotment Status
Price Band
₹56
Per share
Face Value
₹10 per share
 
Lot Size
100 Shares
per lot
Issue Size
7,50,00,000 shares (aggregating up to ₹405.00 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹5,600
1 lot
Pre-IPO Holding
7,08,32,100 shares
Promoters
Post-IPO Holding
14,58,32,100 shares
Promoters
UPI Deadline
2010-04-27
Mandate
Anchor AllotmentThu, 22 Apr 2010
Basis of AllotmentMon, 03 May 2010
Refund InitiationTue, 04 May 2010
Demat CreditTue, 04 May 2010
Listing DayThu, 13 May 2010
UPI Mandate Deadline2010-04-27
Sale TypeFresh Capital
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Nitesh Estates Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 27 Apr 2010.
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
75,000,000
100% ₹420.00
IPO Shares Offered
Nitesh Estates Ltd. IPO total issue size: ₹420.00 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 75,000,000 ₹420.00
100.00%
* Based on upper price band ₹56 per share
Lot Size & Investment
Lot Size
100
Shares per Lot
Issue Price
₹56.00
Upper Band
Min Investment
₹5,600
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2200₹11,200
Retail (Max — 35 Lots)353,500₹196,000
S-HNI (Min — 36 Lots)363,600₹201,600
B-HNI (Min — 179 Lots)17917,900₹1,002,400
* Issue Price ₹56 × Lot Size 100 shares
IPO Schedule
Anchor
22 Apr 2010
✓ Done
IPO Open
23 Apr 2010
✓ Done
IPO Close
27 Apr 2010
✓ Done
Allotment
03 May 2010
✓ Done
Refunds
04 May 2010
✓ Done
Demat Credit
04 May 2010
✓ Done
Listing Day
13 May 2010
✓ Done
Nitesh Estates Ltd. — Live Price LIVE
₹56.00
INR · BSE
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Issue ₹56.00 Live Price
About Nitesh Estates Ltd.
Incorporated in 2004, Nitesh Estates Limited is in the business of real estate development, primarily residential projects in Bengaluru. They are also developing a hospitality project in Bengaluru and a residential and an office project in Kochi. Nitesh Estates is in the process of diversifying into the development of shopping-malls and are expanding geographic reach to Chennai and Goa. Company's residential projects include multi-unit apartment buildings targeted at high-income and middle-income customers. Nitesh Estates is also developing its first hospitality project, the first ‘Ritz-Carlton’ brand hotel in India, on Residency Road in the central business district of Bengaluru.Nitesh Estates has developed three residential projects totalling 0.55 million sq. ft. of Saleable Area and Developable Area. Company is developing 5 residential, 1 hospitality and 1 office projects. Company also has 3 residential, 1 shopping-mall and 1 mixed-use real estate projects inline for future development.Completed Projects of the Nitesh Estates are:1. Nitesh Long Island, completed in 2009, a built-to-suit premium corporate residential project near Bellary Road, Bengaluru;2. Nitesh Wimbledon Park, completed in 2007, a premium residential project, located on Race Course Road, Bengaluru; and3. Nitesh Mayfair, completed in 2007, a premium residential project, located on Lavelle Road, Bengaluru.Ongoing Projects are Nitesh Hyde Park, located at Bannerghatta Road, Nitesh Forest Hills in Whitefield, Nitesh Flushing Meadows in Whitefield, Nitesh Columbus Square at off Bellary Road, Nitesh Wimbledon Gardens (Residential)at Airport-Seaport road in Kochi, Nitesh Wimbledon Gardens (Commercial), located at Airport-Seaport road in Kochi and the 'Ritz-Carlton' brand hotel with 281 keys, located at Residency Road in the central business district of Bengaluru.
Objects of the Issue
1
1 Acquire joint development rights by the Company
2
2 Fund the existing Subsidiaries and the Associate company, for repayment/prepayment of loans, redemption of debentures, finance Ongoing Projects and finance the acquisition of joint development rights
3
3 Repay certain loans of the Company
4
4 Fund the expenditure for general corporate purposes
Nitesh Estates Ltd. Financials (Amount in ₹ Crore)
Revenue from Operations
₹68.9
31-Mar-08
₹86.9
31-Mar-09
₹45.8
30-Sep-09
Profit After Tax (PAT)
₹1.0
31-Mar-08
₹2.9
31-Mar-09
₹6.1
30-Sep-09
Particulars30-Sep-0931-Mar-0931-Mar-08
Revenue from Operations 45.84 86.88 68.87
EBITDA N/A N/A N/A
Profit After Tax (PAT) 6.08 2.85 0.97
Net Worth N/A N/A N/A
Total Assets N/A N/A N/A
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoNW
5.3%
Issue Structure & Shareholding
Total Shares Offered7,50,00,000 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding7,08,32,100 shares
Post-Issue Promoter Holding14,58,32,100 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Axis Capital Ltd.
ICICI Securities Ltd.
Kotak Mahindra Capital Co.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Nitesh Estates Ltd. IPO subscribed?

Nitesh Estates Ltd. IPO is subscribed 1.00 times by Apr 27, 2010. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Nitesh Estates Ltd. IPO retail subscription status?

The Nitesh Estates Ltd. IPO retail category is subscribed 1.00 times as of 27 Apr 2010. The retail portion is oversubscribed.

How to subscribe Nitesh Estates Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 23 Apr 2010 and closes 27 Apr 2010. Min investment: ₹5,600 (1 lot = 100 shares). UPI mandate: 2010-04-27.

How many times Nitesh Estates Ltd. IPO subscribed?

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

How to check Nitesh Estates Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 03 May 2010. Refunds: on 04 May 2010.

When Nitesh Estates Ltd. IPO will be listed?

The Nitesh Estates Ltd. IPO listing date is 13 May 2010, Thursday. Listed on: NSE & BSE. Issue price: ₹56. Estimated listing: ₹56. GMP: NIL.

When Nitesh Estates Ltd. IPO close?

The Nitesh Estates Ltd. IPO closes on 27 Apr 2010, Tuesday. UPI mandate: 2010-04-27. Allotment: 03 May 2010. Listing: 13 May 2010.