The Karda Construction Limited date has been confirmed from March 16, 2018 and ended on March 21, 2018. Read the post to learn about Karda Construction Limited IPO GMP.
Karda Construction Limited IPO is a fixed-price offering of Rs 77.40 crore. The price range is fixed at ₹175 to ₹180 per share. The minimum lot size for an application is 80 shares. The minimum investment for retail investors is ₹14,400.
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Key Details Of Karda Construction Limited IPO
Bidding Dates
March 16-21
Price Range
₹175 to ₹180 per share
Face Value
₹10 per share
GMP
₹2.00
Karda Construction Limited IPO GMP
The Karda Construction IPO GMP Today is ₹2.00.
Karda ConstructionLimited IPO Overview
The Karda Construction IPO is a book-built offering worth Rs 77.40 crores. Bidding for the Karda Construction IPO began on March 16, 2018 and finished on March 21, 2018. On Monday, March 26, 2018, the Karda Construction IPO allotment was completed. On April 2, 2018, the shares were listed on the BSE and NSE. The price range for Karda Construction’s first public offering is ₹175 to 180 per share.
In June 2013, they were selected Divya Marathi’s Mega Builder of the Year for their remarkable performance in the Nashik real estate sector. An application requires a minimum lot size of 80 shares. Retail investors must invest a minimum of ₹14,400.
Karda Construction Limited IPO Details
| IPO Date | March 16, 2018 to March 21, 2018 |
| Listing Date | April 2, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹175 to ₹180 per share |
| Lot Size | 80 Shares |
| Total Issue Size | 4,300,000 shares (aggregating up to ₹77.40 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Karda Construction Limited Financial Information
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 24,853.72 | 24,961.42 | 23,304.63 | 18,612.39 | 16,238.73 | |
| Total Revenue | 11,002.26 | 10,593.47 | 4,653.44 | 5,907.39 | 4,328.65 | |
| Profit After Tax | 803.14 | 637.43 | 307.56 | 360.55 | 270.39 | |
Karda Construction Limited IPO Timeline
| IPO Open Date | Friday, March 16, 2018 |
| IPO Close Date | Wednesday, March 21, 2018 |
| Basis of Allotment | Monday, March 26, 2018 |
| Initiation of Refunds | Tuesday, March 27, 2018 |
| Credit of Shares to Demat | Wednesday, March 28, 2018 |
| Listing Date | Monday, April 2, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 21, 2018 |
Company Profile
Karda Constriction Limited is a construction company that was founded in 2007. They are a real estate development firm in Nashik, India that creates and sells residential and residential-cum-office buildings. Hari Smruti, Hari Amantran, Hari Shrushti, Hari Kunj, and Hari Niwas are among the 15 residential and office space projects built and delivered by the company.Hari Niketan, Hari Sankalp, and so on. They now have 13 ongoing projects and three planned projects.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Karda Construction Ltd |
| Phone number | +91 253 235 1090 |
| Email ID | [email protected] |
| Website | kardaconstruction.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Karda Construction Limited IPO FAQs
When Karda Construction IPO will open?
The Karda Construction IPO opens on March 16, 2018 and closes on March 21, 2018.
What is the lot size of Karda Construction IPO?
Karda Construction IPO lot size is 80 Shares, and the minimum amount required is ₹14,400.
When is Karda Construction IPO allotment?
The finalization of Basis of Allotment for Karda Construction IPO will be done on Monday, March 26, 2018, and the allotted shares will be credited to your demat account by Wednesday, March 28, 2018.
When is Karda Construction IPO listing date?
The Karda Construction IPO listing date is on April 2, 2018.
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