IPO Issue Details
Issue Price / Price Band₹120 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size5,49,600 shares (aggregating up to ₹6.60 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 22 Jul 2014
Subscription CloseFri, 25 Jul 2014
Anchor AllotmentMon, 21 Jul 2014
Basis of AllotmentThu, 31 Jul 2014
Initiation of RefundsFri, 01 Aug 2014
Credit of Shares to DematFri, 01 Aug 2014
Listing DateFri, 08 Aug 2014
UPI Mandate Deadline2014-07-25
Application & Investment Details
Retail — Min (1 Lots)₹1,44,000 — 1,200 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (2 Lots)₹2,88,000 — 2,400 shares
Net Offer to Public5,22,000 shares (aggregating up to ₹6.26 Cr)
Reserved for Market Maker27,600 shares (aggregating up to ₹0.3312 Cr)
Pre-IPO Promoter Holding14,80,000 shares
Post-IPO Promoter Holding20,20,000 shares
About Bhanderi Infracon Ltd.
Incorporated in 2004, Bhanderi Infracon Limited is a Real Estate Development Company, engaged in buying, selling, development, re-development of properties, investments in joint ventures, investment in partnerships, investment in completed / partially completed / upcoming projects etc.Currently company is engaged in the development of Residential Flats and Bungalows under Partnership firms, namely: Tulsi Enterprises and Dharnidhar Developers respectively.
Objects of the Issue
Bhanderi Infracon Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Incremental Working Capital Requirement
6.00
2
2 General Corporate Purposes
0.28
Shareholding & Lock-in
Pre-IPO Promoter Holding
14,80,000 shares
Post-IPO Promoter Holding
20,20,000 shares