The Ratnabhumi Developers IPO date has been confirmed to have started on December 4, 2017 and ended on December 6, 2017.
Using an IPO, Ratnabhumi Developers is seeking to raise Rs 23.31 crores. Its price is ₹63 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹126,000.
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Bidding Dates
Dec 4-6
Price Range
₹63 per share
Face Value
₹10 per share
GMP
₹122.76
Ratnabhumi Developers IPO GMP
The Ratnabhumi Developers Limited IPO GMP is ₹122.76.
IPO Overview
Ratnabhumi Developers’ initial public offering (IPO) has a set price of Rs 23.31 crores. Ratnabhumi Developers’ initial public offering (IPO) bidding began on December 4, 2017 and ended on December 6, 2017. On December 14, 2017, the shares were listed on the BSE SME. Ratnabhumi Developers’ initial public offering (IPO) price is 63 per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum investment of $126,000.
Apart from selling and promoting its commercial offices and shops, we have rented our Project Turquoise shops, offices, and spaces to corporate clients for their company, commercials, advertisement, and network equipment installation.
Ratnabhumi Developers IPO Details
| IPO Date | December 4, 2017 to December 6, 2017 |
| Listing Date | December 14, 2017 |
| Face Value | ₹10 per share |
| Price | ₹63 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,700,000 shares (aggregating up to ₹23.31 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Ratnabhumi Developers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹126,000 |
| Retail (Max) | 1 | 2000 | ₹126,000 |
Ratnabhumi Developers IPO Listing Details
| Listing Date | December 14, 2017 |
| BSE Script Code | 540796 |
| NSE Symbol | |
| ISIN | INE821Y01011 |
| Final Issue Price | ₹63 per share |
Company Profile
Ratnabhumi Developers Limited is a real estate and construction company situated in Ahmedabad, Gujarat. Our company finished the Ratna TURQUOISE project, which cost Rs 65.63 crores, between 2009 and 2012. During the period 2012-17, the company’s major business activity were selling and promoting its commercial offices and stores built in our Turquoise project.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | rdl.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Ratnabhumi Developers Limited |
| Phone number | +91 79 2642 4209 |
| Email ID | compliance@ratnagroup.co.in |
| Website | ratnagroup.co.in |
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.
