IPO Issue Details
Issue Price / Price Band₹63 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size37,00,000 shares (aggregating up to ₹23.31 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 04 Dec 2017
Subscription CloseWed, 06 Dec 2017
Anchor AllotmentSun, 03 Dec 2017
Basis of AllotmentMon, 11 Dec 2017
Initiation of RefundsTue, 12 Dec 2017
Credit of Shares to DematWed, 13 Dec 2017
Listing DateThu, 14 Dec 2017
UPI Mandate Deadline2017-12-06
Application & Investment Details
Retail — Min (1 Lots)126000 — 2000 shares
Retail — Max (13 Lots)₹1,638,000 (13 Lots)
HNI — Min (2 Lots)256000 — 4000 shares
Net Offer to Public35,12,000 shares (aggregating up to ₹22.13 Cr)
Reserved for Market Maker1,88,000 shares (aggregating up to ₹1.18 Cr)
Pre-IPO Promoter Holding1,00,00,000 shares
Post-IPO Promoter Holding1,37,00,000 shares
About Ratnabhumi Developers Ltd
Ratnabhumi Developers Limited is Ahmedabad Gujrat based company engaged in real estate and construction business. During the period 2009-2012, our Company completed the project namely Ratna TURQUOISE costing Rs 65.63 Crores. During the period 2012-17, company's main business activities were selling and marketing of its commercial offices and shops constructed in our project Turquoise. Apart from selling and marketing of its commercials offices and shops, we have rented our shops, offices and spaces in our Project Turquoise to corporate clients for their business, commercials, advertisement and installing network equipment.
Objects of the Issue
Ratnabhumi Developers Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Acquisition of Land/Plot of Land and other strategic Initiatives
14
2
Capita l Contribution towards 45% stake in Ra jul Projects LLP –Project Ratna Artemus II-Paldi, Ah medabad
3.28
3
General Corporate Purpose
5.38
4
Meeting Public Issue Expenses
0.66
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,00,00,000 shares
Post-IPO Promoter Holding
1,37,00,000 shares