IPO Issue Details
Issue Price / Price Band₹20 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size53,58,000 shares (aggregating up to ₹10.72 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 18 Feb 2013
Subscription CloseThu, 21 Feb 2013
Anchor AllotmentSun, 17 Feb 2013
Basis of AllotmentWed, 27 Feb 2013
Initiation of RefundsThu, 28 Feb 2013
Credit of Shares to DematThu, 28 Feb 2013
Listing DateMon, 11 Mar 2013
UPI Mandate Deadline2013-02-21
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 6,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 12,000 shares
Net Offer to Public50,88,000 shares (aggregating up to ₹10.18 Cr)
Reserved for Market Maker2,70,000 shares (aggregating up to ₹0.5400 Cr)
Pre-IPO Promoter Holding1,46,20,000 shares
Post-IPO Promoter Holding19,93,000 shares
About Sunstar Realty Development Ltd.
Incorporated in 2008, Sunstar Realty Development Limited is in the business of infrastructure development. The company mainly engages in the development, sale, and lease of commercial, residential, retail, and industrial properties. Company's portfolio includes residential projects, commercial projects, special economic zones, SRAs, IT parks, biotech parks, robotic car parks, retail parks, and textile parks.Sunstar Realty's clients includes Arshiya, Jain group of industries, Safal constraction pvt ltd, Triveni infratech, Shree mahalaxmi developers, Kailash darshan developers, Anubhav infrastructure Ltd, Silverpoint Infratech Ltd and Leone infrastructure Ltd.
Objects of the Issue
Sunstar Realty Development Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To finance the expenditure of work order awarded by Jain Infraprojects Limited
4.00
2
2 To finance the development and construction related expenditures of the Planned Projects
5.00
3
3 Brand Building and General Corporate purposes
1.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,46,20,000 shares
Post-IPO Promoter Holding
19,93,000 shares