India Green Reality Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,640,000 (47%) | — | ₹492 Cr |
| Retail | — | 1,640,000 (47%) | — | ₹492 Cr |
| Market Maker | — | 180,000 (5%) | — | ₹5 Cr |
| Σ Total | — | 3,460,000 (100%) | — | ₹10,380 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 | 4,000 | ₹120,000 |
| Retail (Max) | 13 | 52,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 268,000 | ₹8,040,000 |
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 Meet Working Capital Requirements – 9.50
- 2 General Corporate Purpose – 0.47
- 3 Issue Expenses – 0.41
Company Overview
Incorporated in 2009, India Green Reality Ltd is a Ahmedabad, Gujarat-based real estate company engaged in the business of development and sale of residential and commercial properties, including identification and acquisition of land, development of land, acquisition of development rights of projects, and marketing of projects/land. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Their residential projects include townships, bungalows, resorts, club houses, and other residential projects; and commercial projects comprise resorts, retail, and hospitality projects.
Currently, the company is having three diversified projects at West Bengal and Gujarat and focusing on opportunities to build its brand in these two states. Visit chittorgarh.com for more detail.IGRL is building bungalows of varying sizes with focus on affordable pricing at Sonarpur-Kolkata and Shantiniketan -Bolpur, both projects in the state of West Bengal. It is developing and selling plot of land and constructing bungalows as well at Nal Sarover, Gujarat. Its forthcoming projects are at Jaisalmer-Rajasthan, and Sasan Gir-Gujarat.