The Pushpanjali Realms IPO date has been confirmed to have started from June 27, 2017 and ended on June 30, 2017
Using an IPO, Pushpanjali Realms is seeking to raise Rs 14.55 crore. Its price is ₹55 per share and the minimum lot size for an application is 2000 shares. The minimum amount of investment required by retail investors is ₹110,000.
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Bidding Dates
June 27-30
Price Range
₹55 per share
Face Value
₹10 per share
GMP
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Pushpanjali Realms IPO GMP
The Pushpanjali Realms Limited IPO GMP is [–].
IPO Overview
Pushpanjali Realms initial public offering (IPO) is priced at Rs 14.55 crore. The IPO bidding for Pushpanjali Realms began on June 27, 2017 and finished on June 30, 2017. On July 10, 2017, the shares were listed on the NSE SME. The IPO price for Pushpanjali Realms is 55 per share. An application requires a minimum lot size of 2000 shares. Retail investors must make a minimum commitment of $100,000.
COMPETITIVE STRENGTHS
- Sizeable and diverse portfolio of projects in Dehradun, Uttarakhand, India
- An established Brand name and execution track record
- Quality Assurance and Standards
- Cordial relations with our customers and contractors
Pushpanjali Realms IPO Details
| IPO Date | June 27, 2017 to June 30, 2017 |
| Listing Date | July 10, 2017 |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,646,000 shares (aggregating up to ₹14.55 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Pushpanjali Realms Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹55.00 |
| Low | ₹52.00 |
| High | ₹56.00 |
| Last Trade | ₹55.45 |
Pushpanjali Realms IPO Listing Details
| Listing Date | July 10, 2017 |
| BSE Script Code | |
| NSE Symbol | PUSHPREALM |
| ISIN | INE728W01012 |
| Final Issue Price | ₹55 per share |
Company Profile
Pushpanjali Realms and Infratech Ltd, founded in 2013, is a real estate development firm largely focused on the building and development of residential developments.
They have completed one residential project, Upscale Living, in Dehradun, Uttarakhand. The company’s current ongoing projects include
- Eminent Heights in Dehradun, Uttarakhand
- Orchid Park in Dehradun, Uttarakhand.
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 | Pushpanjali Realms & Infratech Ltd |
| Phone number | +91 8791088791 |
| Email ID | compliance@pushpanjali.com |
| Website | www.pushpanjali.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.
