Karda Constructions Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 430,000 (10%) | — | ₹774 Cr |
| NII (HNI) | — | 1,720,000 (40%) | — | ₹3,096 Cr |
| Retail | — | 2,150,000 (50%) | — | ₹3,870 Cr |
| Σ Total | — | 4,300,000 (100%) | — | ₹77,400 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 | 80 | ₹14,400 |
| Retail (Max) | 13 | 1,040 | ₹187,200 |
| S-HNI (Min) | 14 | 1,120 | ₹201,600 |
| B-HNI (Min) | 67 | 5,360 | ₹964,800 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 11,002 | 10,593 | 4,653 |
| Profit After Tax | 803 | 637 | 308 |
| Total Assets | 24,854 | 24,961 | 23,305 |
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 Part repayment of the overdraft facilities – 23.00
- 2 Part repayment of the term loans – 7.00
- 3 General corporate purpose – 8.78
Company Overview
Incorporated in 2007, Karda Constriction Limited is engaged in construction business. They are a real estate development company which develops and sells residential and residential-cum-office projects in Nashik, India.
Company has successfully completed and delivered 15 residential projects and office space projects like Hari Smruti, Hari Amantran, Hari Shrushti, Hari Kunj, Hari NiwasHari Niketan, Hari Sankalp etc. They currently have 13 Ongoing and 3 Planned projects.
They have received “Mega Builder of the Year” award of Divya Marathi in June 2013, for having an exceptional performance in the real estate segment in Nashik.