The Puranik Builders Limited Date Will Be Updated Soon .
Puranik Builders Limited began operations in Thane in 1990. They are a market leader in real estate, offering complete residential and business solutions. They have a long track record of successfully developing MMR and PMR projects.
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Puranik Builders Limited GMP
The Puranik Builders Limited IPO GMP is ₹[].
IPO Overview
Puranik Builder Ltd filed a DRHP with SEBI, which SEBI finally approved on November 23, 2021. The issue consists of a fresh issue worth Rs.510 crore and an offer for sale of up to 945,000 equity shares. The OFS consists of 472,500 shares, each being offloaded by Ravindra Puranik and Gopal Puranik. Elara Capital Pvt Ltd and Yes Securities are the book-running lead managers for this issue. The company plans to use Rs.362 crore of the net proceeds to repay and pay debts in 2022.
Puranik Builders Limited Financials
| Particulars | As on/ For Fiscal 2021 | As on/ For Fiscal 2020 | As on/ For Fiscal 2019 |
| Basic Earnings/ (loss) per Equity Share (₹) | 6.08 | 7.72 | 10.7 |
| Diluted Earnings/ (loss) per Equity Share (₹) | 6.08 | 7.72 | 10.70 |
| Return on Net Worth (%) | 10.41 | 14.69 | 23.83 |
| Net Asset Value Per Equity Share (₹) | 58.41 | 52.54 | 44.90 |
| EBITDA (Rs. in million) | 1,642.67 | 1,922.87 | 2,092.59 |
Puranik Builders Limited Peer Comparison
| Firm Name | Total AUM (INR cr) | Year of incorporation |
| Anicut Capital | 1,500 | 2015 |
| Centrum Alternatives | 650 | 2017 |
| Northern Arc Investments | 2,000 | 2014 |
| Vivriti Asset Management | 236 | 2017 |
Company Profile
Puranik Builder was founded in 1968 by Ravindra Puranik and Gopal Puranik. The company is one of the prominent real estate developers in the Mumbai Metropolitan Region and the Pune Metropolitan Region. The company started operations in Thane in 1990 and slowly diversified into MMR and PMR. Puranik’s projects primarily cater to the mid-income affordable housing market segment. Thirty-five projects were completed in MMR and PMR as of July 31, 2021. They have a solid track record of successful projects in MMR and PMR, and as of July 31, 2021, the company has developed 5,965,381 square feet of developable area.
The company’s longstanding operations in the beautiful real estate market of Mumbai and Pune have proven very lucrative. Mumbai had the most significant sales volumes and the highest average sales prices at launch.
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.
Puranik Builders Limited FAQs
When will the Puranik Builders IPO allotment be available?
Details are not available.
What will be the Puranik Builders IPO lot size?
Details are not available.
When will Puranik Builders IPO open for subscription?
Details are not available.
What minimum lot size can retail investors subscribe to?
Retail investors can apply for a minimum of one lot.
When will Puranik Builders list on exchanges?
Details are not available. Usually, it takes ten working days from the last day of subscription to finally list the IPOs on the stock exchanges.
What is the size of Puranik Builders IPO?
Details are not available.
How will I receive shares?
Your shares will get credited directly to your Demat account.
Is it necessary to approve a UPI mandate request immediately?
Approving UPI payment is the final step to completing the IPO application. Investors usually have T+1 days to approve the payment mandate in their UPI handles.
What is the minimum order quantity for Puranik Builders IPO?
Details are not available.
