IPO Issue Details
Issue Price / Price Band₹50 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size46,71,000 shares (aggregating up to ₹23.36 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 22 Mar 2017
Subscription CloseFri, 24 Mar 2017
Anchor AllotmentTue, 21 Mar 2017
Basis of AllotmentThu, 30 Mar 2017
Initiation of RefundsFri, 31 Mar 2017
Credit of Shares to DematFri, 31 Mar 2017
Listing DateWed, 05 Apr 2017
UPI Mandate Deadline2017-03-24
Application & Investment Details
Retail — Min (1 Lots)₹1,50,000 — 3,000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)₹3,00,000 — 6,000 shares
Net Offer to Public44,34,000 shares (aggregating up to ₹22.17 Cr)
Reserved for Market Maker2,37,000 shares (aggregating up to ₹1.19 Cr)
Pre-IPO Promoter Holding1,00,00,000 shares
Post-IPO Promoter Holding1,46,71,000 shares
About Relstruct Buildcon Ltd
Incorporated in 2014, Relstruct Buildcon Limited develops real estate properties in India. Company engaged in construction of buildings, townships, commercial complexes, and land constructional works. The company also undertakes redevelopment of government housing projects and customized infrastructure projects, markets residential and commercial units and offers consultancy service for real estate projects.Relstruct Buildcon had successfully undertaken, executed and completed residential projects in Mumbai such as Pujari Apartment, Chembur, Giri Niwas, Vikhroli, Sargam Tower, Tilak Nagar, Hill View Apartment, Chembur. Currently, their business activity includes:1. Development and construction of Residential and Commercial Complex2. Re development and Slum Redevelopment project under Development/joint venture basis3. Development of Township and affordable housing project near Metro cities4. Infrastructure development under work contract from Government authority and corporate5. Consultancy, Design and Drawing for Real Estate project and monitor them during implementation
Objects of the Issue
Relstruct Buildcon Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To finance the development and construction related expenditures of the Green Park Project Boisar, Maharashtra and Stanza, Chembur, Mumbai & Future Projects
22.34
2
Purchase of Equipments
0.50
3
General Corporate Expenses
0.07
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,00,00,000 shares
Post-IPO Promoter Holding
1,46,71,000 shares