IPO Issue Details
Issue Price / Price Band₹22 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size46,32,000 shares (aggregating up to ₹10.19 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 30 Sep 2016
Subscription CloseThu, 06 Oct 2016
Anchor AllotmentThu, 29 Sep 2016
Basis of AllotmentWed, 12 Oct 2016
Initiation of RefundsThu, 13 Oct 2016
Credit of Shares to DematThu, 13 Oct 2016
Listing DateTue, 18 Oct 2016
UPI Mandate Deadline2016-10-06
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 6,000 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 12,000 shares
Net Offer to Public43,92,000 shares (aggregating up to ₹9.66 Cr)
Reserved for Market Maker2,40,000 shares (aggregating up to ₹0.5280 Cr)
Pre-IPO Promoter Holding1,28,14,800 shares
Post-IPO Promoter Holding1,74,46,800 shares
About Pansari Developers Ltd.
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 Bengal2. An established Brand name and execution track record3. Experienced Promoters and efficient Management Team4. Financial resources5. Quality Assurance and Standards
Objects of the Issue
Pansari Developers Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Meet Working Capital Requirement
9.00
2
2 General Corporate Expenses
0.81
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,28,14,800 shares
Post-IPO Promoter Holding
1,74,46,800 shares