The company launches its Initial Public offering to get listed on the SME platform of BSE Limited. Investors will be able to see the records of the company as price band and dates, company profile, Allotment Status, Listing Dates, and various other important before investment. India Green Reality has filed a Draft Prospectus and got approval by the regulatory authority “SEBI” .
The IPO is scheduled for 30 September,2016 with a price band of Rs.30 Per Equity Share. On can apply for 4000 shares for IPO as a lot size. It is mandatory for all investors to apply through ASBA i.e. Application supported by Blocked amount only. The retails investors can apply maximum for Rs. 2 lakh of application. Public Offering of India Green Reality IPO is mentioned up to 34,60,000 Equity shares offering by the bank worth Rs.10.38 Crore.
The Company was incorporated on September 29, 2009 located in Gujarat, India. It is basically a real estate company. It is offering residential and commercial properties including identification and acquisition of land, development of land, acquisition of development rights of projects, marketing of projects/land.
The Projects of the firm are primarily divided into two parts as follows:-
1) Residential Projects: The company works and sells townships, bungalows, resorts, club houses, and other residential projects.
2) Commercial Projects: The company offers various commercial assets like resorts, retail and hospitality projects.
Relatively, It is moving ahead to deliver its three diversified projects in West Bengal and Gujarat for the purpose to enhance its brand name and images. In West Bengal, the company focuses to construct bungalows with competitive prices mainly in the location of Sonarpur-Kolkata and Shantiniketan-Bolpur. While in Gujarat, it is working to sell plots of land and bungalows in the location of Nal Sarover. Jaisalmer-Rajasthan, and Sasan Gir-Gujarat are the two ongoing projects to get launched soon in the market. These two upcoming projects include ready to move Bunglows, Garden House and Garden Villa.
Outlook of the Firm:
- Profound management team;
- Ensuring quality, safety and productivity;
- Regular focuses towards on ongoing projects;
- Development of projects through joint development Model.
Objects Of The Issue:
- For working capital requirement;
- General Corporate Purpose;
- Issue Expenses.
Summary Of Issue:
|Issue Open:-||30th September to 6th October 2016|
|Issue Type||Fixed Price Issue IPO|
|Issue Size (Shares)||[3,460,000]Equity Shares of Rs. 10|
|Issue Size in (Value)||Rs. 10.38 Crore|
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. 30 Per Equity Shares|
|Market lots||Rs. 4000 Shares|
|Minimum Order Quantity||Rs. 4000 Shares|
|Listing At||BSE SME|
The Public offer includes:-34,60,000 Equity Shares
India Green Reality IPO Allotment Status
India Green Reality 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 India Green Reality 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 India Green Reality are likely to be listed October 14,2016 on BSE SME.
Promoters Of the Company:
1) Mr. Vinodkumar M. Thakar:- He is 45 years old. He is the Chairman & Managing director of the company.
2) Mr. Amitava Samanta:- He is 37 years old. He is the Whole time director of the company.
|Particulars||For the year/Period ended (Rs. in Lacs )|
|Profit After Tax (PAT)||227.54||(7.80)||15.44||7.68||68.75|
Book Running Lead Managers Details:
GUINESS CORPORATE ADVISORS PRIVATE LIMITED 18,
Deshapriya Park Road, Kolkata – 700 026, West Bengal, India
Tel: +91 33 3001 5555 Fax: +91 33 3001 5531
Contact Person: Ms. Alka Mishra/ Mr. Gaurav Khandelwal
SEBI Registration No.: INM 000011930
Registrar To The Issue:
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32 ,Gachibowli, Financial District,
Nanakramguda , Hyderabad – 500 032, India
Tel: +91 – 40 – 67162222 Fax: +91 – 40 – 2343 1551
Contact person: Mr. M Murli Krishna
SEBI Registration No: INR000000221
Registered Office Details:-
12, Satyam Mall, Near Kameshwar School, Jodhpur Char Rasta,
Satellite, Ahmedabad – 380015, Gujarat, India
Corporate Office: 308, 3rd Floor, Iskon Mall, Star India Bazar building,
Satellite Road, Ahmedabad -380015, Gujarat, India
Tel No: +91-79-4800 8787