IPO Issue Details
Issue Price / Price Band₹55 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size26,46,000 shares (aggregating up to ₹14.55 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 27 Jun 2017
Subscription CloseFri, 30 Jun 2017
Anchor AllotmentMon, 26 Jun 2017
Basis of AllotmentThu, 06 Jul 2017
Initiation of RefundsFri, 07 Jul 2017
Credit of Shares to DematFri, 07 Jul 2017
Listing DateMon, 10 Jul 2017
UPI Mandate Deadline2017-06-30
Application & Investment Details
Retail — Min (1 Lots)₹1,10,000 — 2,000 shares
Retail — Max (13 Lots)₹1,430,000 (13 Lots)
HNI — Min (2 Lots)₹2,20,000 — 4,000 shares
Net Offer to Public25,12,000 shares (aggregating up to ₹13.82 Cr)
Reserved for Market Maker1,34,000 shares (aggregating up to ₹0.7370 Cr)
Pre-IPO Promoter Holding73,65,000 shares
Post-IPO Promoter Holding1,00,11,000 shares
About Pushpanjali Realms & Infratech Ltd
Incorporated in 2013, Pushpanjali Realms and Infratech Ltd is a real estate development company focused primarily on construction and development of residential projects.COMPETITIVE STRENGTHS1. Sizeable and diverse portfolio of projects in Dehradun, Uttarakhand, India2. An established Brand name and execution track record3. Quality Assurance and Standards4. Cordial relations with our customers and contractorsThey have successfully executed one Residential Project named Upscale Living in Dehradun, Uttarakhand. Currnently company's ongoing Projects are 1. Eminent Heights, Dehradun, Uttarakhand, 2. Orchid Park, Dehradun, Uttarakhand.
Objects of the Issue
Pushpanjali Realms & Infratech Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To meet the fund requirements for execution of the Ongoing Projects including working Capital Requirements
11.19
2
General Corporate Purposes
2.90
Shareholding & Lock-in
Pre-IPO Promoter Holding
73,65,000 shares
Post-IPO Promoter Holding
1,00,11,000 shares