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Open
4 Dec 2017
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Close
6 Dec 2017
3
Allotment
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Listing
Thu, Dec 14, 2017
Price Band
₹63 per share
Issue Size
37,00,000 shares (agg. up to ₹23 Cr)
Lot Size
2,000 Shares
Listing Date
Thu, Dec 14, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.45x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 15.28 | 14.42 | 20.02 | 16.74 |
| Total Income | 0.18 | 9.81 | 7.76 | 7.56 |
| Profit After Tax | 0.07 | 1.35 | 1.59 | 1.09 |
| NET Worth | 10.21 | 10.14 | 8.79 | 7.21 |
| Reserves and Surplus | 9.71 | 9.64 | 8.29 | 6.71 |
| Total Borrowing | 4.34 | 3.28 | 5.16 | 3.87 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shradha Infraprojects (Nagpur) Ltd. | SME | ₹18.93 Cr | ₹70 | null | ₹70.25 | +0.36% | ₹37.14 (+5.57%) |
| Pushpanjali Realms & Infratech Ltd. | SME | ₹14.55 Cr | ₹55 | null | ₹55.45 | +0.82% | (+0.00%) |
| Relstruct Buildcon Ltd. | SME | ₹23.36 Cr | ₹50 | null | ₹46.75 | -6.50% | (+0.00%) |
| Manas Properties Ltd. | SME | ₹39.96 Cr | ₹360 | null | ₹360.20 | +0.06% | (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition of Land/Plot of Land and other strategic Initiatives | 14.00 |
| 2 | Capital Contribution towards 45% stake in Rajul Projects LLP – Project Ratna Artemus II- Paldi, Ahmedabad (45% of total Construction Cost of ` 728.13 Lakhs for building 48000 Square Feet) | 3.28 |
| 3 | General Corporate Purpose | 5.38 |
| 4 | Meeting Public Issue Expenses | 0.65 |
About Ratnabhumi Developers IPO
Ratnabhumi Developers Limited is Ahmedabad Gujrat based company engaged in real estate and construction business. During the period 2009-2012, our Company completed the project namely Ratna TURQUOISE costing Rs 65.63 Crores. During the period 2012-17, company's main business activities were selling and marketing of its commercial offices and shops constructed in our project Turquoise. Apart from selling and marketing of its commercials offices and shops, we have rented our shops, offices and spaces in our Project Turquoise to corporate clients for their business, commercials, advertisement and installing network equipment.+ Read More
Contact Details
Ratnabhumi Developers Ltd. AddressS.F.207, Turquoise, Panchvati Panch RastaNr.White HouseE.B., C.G.RoadAhmedabad, Gujarat, 380009+91 79 2642 4209compliance@ratnagroup.co.inVisit Website