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Open
15 Jan 2007
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Close
19 Jan 2007
3
Allotment
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Listing
Wed, Feb 7, 2007
Price Band
₹475 to ₹540
Issue Size
67,00,000 shares (agg. up to ₹362 Cr)
Lot Size
12 Shares
Listing Date
Wed, Feb 7, 2007
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 80.92x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sobha Developers Ltd. | Mainboard | ₹569.40 Cr | ₹640 | null | ₹926.65 | +44.79% | ₹1,462.00 (-2.04%) |
| Parsvnath Developers Ltd. | Mainboard | ₹1,089.77 Cr | ₹300 | null | ₹526.40 | +75.47% | ₹2.14 (-1.84%) |
| Gwalior Chemical Industries Ltd. | Mainboard | ₹80.00 Cr | ₹81 | null | ₹93.85 | +15.86% | ₹342.30 (-4.97%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition of lands / rights in lands or development rights | 150.00 |
| 2 | Development and construction costs for projects under development and planned projects | 125.00 |
| 3 | Repayment of loans of the Company | 25.00 |
| 4 | General Corporate Purposes | 36.58 |
| 5 | Issue Related Expenses | 25.22 |
| Total | 361.80 |
About Akruti Nirman IPO
Akruti Nirman Ltd. is a Mumbai based real estate development company. At present, Akruti's primary business is the development of commercial and residential properties. Their operations include the identification and acquisition of land and land development rights, and the planning, execution and marketing of real estate projects.In commercial business line, they build, lease and sell commercial office space, including office towers and information technology parks, with a focus on properties attractive to the information technology, information technology enabled services ("ITES") and business processing outsourcing ("BPO") industries and large multinational companies.In residential business line, they develop multi-unit residential apartment buildings with residences ranging from one bedroom flats to higher end, five bedroom residences.In new retail business line, they are currently developing six shopping malls which contain space for retail units, food courts, banquet halls and restaurants, in which they intend to lease space to retailers upon their completion.+ Read More
Contact Details
Akruti Nirman Ltd. AddressAkruti Trade CentreRoad No.7, Marol MIDCAndheri (East)Mumbai, Maharashtra, 400093+ 91 22 6703 7427ipo@akrutiestate.comVisit Website