Ratnabhumi Developers SME IPO Price Band, Market Lot & Dates Details

Ratnabhumi Developers is another Gujarat based company coming up with SME ipo. Ratnabhumi Developers is based in Ahmedabad and doing construction business. The financial results seems ok. They already completed residential and commercial projects in Ahmedabad. The need fund to aquire land or plots for new projects. The company need fund for Capital Contribution towards 45% stake in Rajul Projects LLP - Project Ratna Artemus II- Paldi, Ahmedabad as well. The company ipo open on 4 December and closes on 6 December.

IPO Review:

• Avoid

Ratnabhumi Developers IPO Dates & Price Band:

• IPO Open: 04 December 2017
• IPO Close: 06 December 2017
• IPO Size: Approx Rs 23.21 Crore
• Face Value: Rs.10 Per Equity Share
• Price Band: Rs 63 Per Equity Share
• Listing on: BSE SME
• Shares: 3,700,000
• Retail Portion: 50%

IPO Market Lot:

• Shares: Apply for 2,000 Shares (Minimum Lot Size)
• Amount: Rs.1,26,000

Financial Results:

(Rs. in  crore)
	2013	2014	2015	2016	2017	2018 (Q1)
Revenue	6.3	6.3	7.6	7.8	9.8	0.2
Expenses	4.9	5.5	6.1	5.6	7.7	0.1
PAT	1.2	0.3	1.1	1.6	1.4	0.1

Grey Market Premium:

• The grey market is around N/A Subject to Sauda.

Ratnabhumi Developers IPO Subscription Status:

• IPO Subscribed 1.43 times overall
  

Ratnabhumi Developers IPO Allotment Status:

• Click Here

Company Promoters:

• Mr. Kaivan Shah
• Mrs. Meghna Shah

Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: rdl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
IPO Lead Managers:

• Corporate CapitalVentures Pvt Ltd

Company Address:
Ratnabhumi Developers Limited
S.F. 207, Turquoise, Panchvati Panch Rasta,
Nr. White House, E.B., C.G. Road,
Ahmedabad 380 009
Phone: +91 79 2642 4209
Email: compliance@ratnagroup.co.in
Website: http://ratnagroup.co.in