The Karda Construction date has been confirmed from March 16, 2018 and ended on March 21, 2018.
Karda Construction Developers IPO is a fixed price issue of Rs 77.40 crores. The price band is set at ₹175 to ₹180 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹14,400.
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Bidding Dates
March 16-21
Price Range
₹175 to ₹180 per share
Face Value
₹10 per share
GMP
₹2.00
Karda Construction IPO GMP
The Karda Construction IPO GMP is ₹2.00.
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 named Divya Marathi’s Mega Builder of the Year for their outstanding achievement in the Nashik real estate market. An application requires a minimum lot size of 80 Shares. Retail investors must make a minimum investment of ₹14,400.
Karda Construction 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 Company Financials
| 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 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 | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Karda Construction Ltd |
| Phone number | +91 253 235 1090 |
| Email ID | admin@kardaconstruction.com |
| Website | kardaconstruction.com |
IPO Strenghts
- 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.
