The IPO of Art Nirman Limited will list on the SME platform of NSE Limited with its IPO. Here, investors can view the details related to Art Nirman IPO like price band and dates, company profile, Allotment Status, Listing Dates, and various other important before investment. The company registered its Draft Prospectus and got approval by the regulatory authority “SEBI” .
The Art Nirman IPO is scheduled for 30 September,2016 with a price band of Rs.25 Per Equity Share. The lot size for applying the IPO is for 6000 shares. The issue mandates all investors to apply through ASBA i.e. Application supported by Blocked amount only. The maximum application amount for retail investor stood at Rs. 2 lacs. Public Offering of the issue is place up to 20,04,000 Equity shares offering by the bank worth Rs.5.01 Crore.
The Company was incorporated on February 19, 2011 located in Gujarat, India. The company operates in real estate sectors developing residential & commercial projects. It has started the constructions of its first residential cum commercial project ‘Shri Vishnudhara Cross Road’ in Ahmedabad and finished in 2016. The project included 5 towers containing total of 154 residential apartments of 2 and 3 BHK and 25 commercial shops, with a total built up area of 2,09,701 sq. ft. It carries all the construction activities by subcontracting the project work to third party contractors. The company has successfully delivered 129 residential flats and 21 commercial offices in its project i.e. “Shri Vishnudhara Cross Road”. The firm got good response for the booking further for 23 residential flats and 4 commercial flats from the Customers for “Shri, Vishnudhara Cross Road” project. Most of the group companies have offered it for carrying out construction work in its forthcoming projects, where the firm received a contract to construct a hotel and a club.
Outlook of the Firm:
- Following the norms before construction;
- Sound knowledge and strong emergence in the market mainly in Ahmedabad;
- Experienced and Qualified Management Team;
- Focus on Quality Construction
Objects Of The Issue:
- To fulfill the requirement of working capital;
- General Corporate Purpose;
- Issue Expenses.
Summary Of Issue:
|Issue Open:-||30th September to 7th October 2016|
|Issue Type||Fixed Price Issue IPO|
|Issue Size (Shares)||[2,004,000]Equity Shares of Rs. 10|
|Issue Size in (Value)||Rs. 5.01 Crore|
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. 25 Per Equity Shares|
|Market lots||Rs. 6000 Shares|
|Minimum Order Quantity||Rs. 6000 Shares|
|Listing At||NSE SME|
The Public offer includes:-2,004,000 Equity Shares
Art Nirman IPO Allotment Status
Art Nirman IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
one can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:
- Click on the given link See Allotment Status here
- Go to Application Status
- Select IPO as Art Nirman IPO
- Enter you PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
The Shares of Art Nirman are likely to be listed October 17,2016 on NSE SME.
Promoters Of the Company:
Mr. Ashok Raghuram Thakkar:- He is 43 years old. He is Managing director of the company.
|Particulars||For the year/Period ended (amount in Rs. )|
|Profit After Tax (PAT)||471,21,31||188,741||224,239||(185,823)||106,338|
Book Running Lead Managers Details:
HEM SECURITIES LIMITED
14/15, Khatau Bldg, 1st Floor, 40, Bank Street, Fort,
Mumbai – 400001, Maharashtra, India
Tel. No.: +91- 022- 22671543 Fax No.: +91- 022- 2262 5991
Investor Grievance Email: email@example.com
Contact Person : Mr. Anil Bhargava
SEBI Registration. No. INM000010981
Registrar To The Issue:
SHAREX DYNAMIC (INDIA)PRIVATE LIMITED
Unit- 1, Luthra Industrial Premises, Safed Pool, Andheri Kurla Road,
Andheri (East), Mumbai- 400 072, Maharashtra, India.
Tel. No.: +91-22 – 2851 5606/44 Fax No.: +91-22 – 2851 2885
Investor Grievance Email: firstname.lastname@example.org
Contact Person: Mr. K.C. Ajitkumar
SEBI Registration. No. INR000002102
Registered Office Details:
14, JBR Arcade, 2nd Floor, Near R.K. Royal Hall, Science City Main Road,
Sola, Ahmedabad, Gujarat-380060, India
Tel No: +91-8866404499;
Contact Person: Ms. Ziral Pankaj Kumar Soni (Company Secretary & Compliance Officer)