Athena Constructions Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,180,000 (47%) | — | ₹118 Cr |
| Retail | — | 1,190,000 (48%) | — | ₹119 Cr |
| Market Maker | — | 130,000 (5%) | — | ₹1 Cr |
| Σ Total | — | 2,500,000 (100%) | — | ₹2,500 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹100,000 |
| Retail (Max) | 13 | 130,000 | ₹1,300,000 |
| S-HNI (Min) | 14 | 140,000 | ₹1,400,000 |
| B-HNI (Min) | 67 | 670,000 | ₹6,700,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To finance the development and construction related expenditures of our “Anand Projec – 2.00
- 2 General Corporate purposes – 0.10
- 3 Issue Expenses – 0.40
Company Overview
Incorporated in 2011, Athena Constructions Ltd (ACL) is a real estate company poised on development residential, commercial, retail and other projects. It undertakes customized infrastructure projects and also in to trading of residential and commercial unit as well as in providing consultancies for real estate projects.
ACL is in the business of erection and construction of houses, buildings, commercial complexes and constructional works of every description on any land owned by the Company or upon any other land or immovable property owned by the landlord as a joint venture as well as co-developers. It is also engaged in purchasing, leasing, acquiring, exchanging or otherwise owning, holding, occupying, constructing, erecting, altering and developing colonies, theatres, bungalows, quarters, offices etc. Currently it has two projects on hand at Rajasthan and Gujarat.