IPO Issue Details
Issue Price / Price Band₹153 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size800 Shares per Lot
Total Issue Size28,99,200 shares (aggregating up to ₹44.36 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 30 Jun 2022
Subscription CloseTue, 05 Jul 2022
Anchor AllotmentWed, 29 Jun 2022
Basis of AllotmentFri, 08 Jul 2022
Initiation of RefundsMon, 11 Jul 2022
Credit of Shares to DematTue, 12 Jul 2022
Listing DateWed, 13 Jul 2022
UPI Mandate Deadline2022-07-05
Application & Investment Details
Retail — Min (1 Lots)₹1,22,400 — 800 shares
Retail — Max (13 Lots)₹1,591,200 (13 Lots)
HNI — Min (2 Lots)₹2,44,800 — 1,600 shares
P/E Ratio (Pre-IPO)164.52x
Net Offer to Public27,53,600 shares (aggregating up to ₹42.13 Cr)
Reserved for Market Maker1,45,600 shares (aggregating up to ₹2.23 Cr)
Pre-IPO Promoter Holding74,32,000 shares
Post-IPO Promoter Holding1,03,31,200 shares
About B-Right Realestate Ltd.
B Right Realestate Limited is an integrated construction and real estate development company that primarily focuses on the construction of residential and commercial projects. It has strong in-house capabilities to deliver the best quality projects.It works with subsidiaries and stepdown subsidiaries. B-Right RealEstate Ventures LLP, BRV Leasing Andheri LLP, B-Right Realty Lonavala LLP, B-Right Housecon LLP, B-Right NY Esqure LLP, Jaliyan B-Right Developers LLP, B-Right Sejal Developers LLP, Darc Realty LLP, D.M. Realtors, Siddhivinayak Developers Kurar, and Parth Construction are its subsidaries.Competitive strengthsEstablished brand reputation in the real estate sector.Experienced team of managers.Scalable business model and best quality construction projects.
Objects of the Issue
B-Right Realestate Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Meet working capital requirements.
2
General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
74,32,000 shares
Post-IPO Promoter Holding
1,03,31,200 shares