Art Nirman IPO – Price, Date, Details, Allotment, Listing

Art Nirman IPOThe 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.

Company Profile:

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:

  1. Following the norms before construction;
  2. Sound knowledge and strong emergence in the market mainly in Ahmedabad;
  3. Experienced and Qualified Management Team;
  4. Focus on Quality Construction

Objects Of The Issue:

  1. To fulfill the requirement of working capital;
  2. General Corporate Purpose;
  3. 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:

  1. Click on the given link See Allotment Status here
  2. Go to Application Status
  3. Select IPO as Art Nirman IPO
  4. 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. )
Financial Year 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Liabilities 181,878,025 241,123,715 120,953,943 195,970,27 678,441,69
Total Assets 181,878,025 241,123,715 120,953,943 195,970,27 678,441,69
Total Revenue 256,376,127 77,819 52,367 21,316 140,037
Total Expenses 243,588,538 (9,642,338) (1,572,217) (6,700) (586,052)
Profit After Tax (PAT) 471,21,31 188,741 224,239 (185,823) 106,338

Book Running Lead Managers Details:


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:

Contact Person : Mr. Anil Bhargava

SEBI Registration. No. INM000010981

Registrar To The Issue:


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:

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)


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