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Open
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Close
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Allotment
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Listing
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Issue Size
1,35,00,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 300.08 | 309.52 | 281.15 | 245.53 |
| Total Income | 15.08 | 55.06 | 57.87 | 0.70 |
| Profit After Tax | 2.40 | 17.54 | 0.09 | -0.10 |
| NET Worth | 61.03 | 43.49 | 41.33 | |
| Reserves and Surplus | 63.08 | 60.68 | 43.14 | 40.97 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Justo Realfintech Ltd. | SME | ₹63.00 Cr | ₹127 | 11.55 | ₹126.75 | -0.20% | ₹92.77 (+7.75%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding a part of the costs to be incurred in the development of the Ongoing Projects, and the Upcoming Projects (Funding Development Expenses); | 67.83 |
| 2 | Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the Company; and | |
| 3 | General corporate purposes |
About Neelkanth Realtors IPO
Incorporated in 1994, Neelkanth Relators Limited is engaged in the business of Real Estate. They are prominent real estate developers in Mumbai’s Eastern Suburbs and Thane City in the Mumbai Metropolitan Region. The company specializes in unique residential and commercial developments across MMR's micro-markets, offering diverse projects tailored to community needs, ensuring customer satisfaction, and providing superior lifestyles with targeted amenities. The company collaborates with architects like Shashikant Deshmukh & Associates and handles all aspects of real estate development in-house, including land acquisition, project execution, marketing, and sales through various partners. The company offers a diverse portfolio of residential and commercial projects across various price points, unit sizes, and amenities, catering to mid-end, luxury, and ultra-luxury segments with strong execution capabilities. The company was part of the Neelkanth Group, completing over 36 projects in Mumbai, including the Fortune 2000 commercial building and three residential buildings in Thane, with 778 units and 29 shops. As of November 30, 2024, the Company had 34 permanent employees. Competitive St
Contact Details
Neelkanth Realtors Ltd. Address508, Dalamal House,Jamnalal Bajaj Road,Nariman Point,Mumbai, Maharashtra, 400021+91 22 3511 3535compliance@neelkanthrealty.comVisit Website