B Right Realestate Limited IPO Detail
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 strengths
- Established brand reputation in the real estate sector.
- Experienced team of managers.
- Scalable business model and best quality construction projects.
Company Promoters
Blow Sales LLP and Cheerful Dealtrade LLP are the company promoters.IPO Details
| IPO Opening Date | Jun 30, 2022 |
| IPO Closing Date | Jul 05, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹153 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | BSE SME |
| Issue Size | ₹44.36 Cr |
| Fresh Issue | 2,899,200 shares of ₹10 (aggregating up to ₹44.36 Cr) |
| Offer for Sale | - |
| Retail Portion | - |
IPO Tentative Timetable
The B Right Realestate Limited IPO open date is Jun 30, 2022, and the close date is Jul 05, 2022. The issue may list on Jul 12, 2022.
| IPO Open Date | Jun 30, 2022 |
| IPO Close Date | Jul 05, 2022 |
| Basis of Allotment Date | Jul 07, 2022 |
| Initiation of Refunds | Jul 08, 2022 |
| Credit of Shares to Demat Account | Jul 11, 2022 |
| IPO Listing Date | Jul 12, 2022 |
IPO Lot Size
The B Right Realestate Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹122400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹122400 |
| Maximum | 1 | 800 | ₹122400 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 71.92% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 11759.76 | 147.04 | 86.57 |
| 31-Mar-21 | 13441.76 | 118.77 | 58.44 |
| 31-Dec-21 | 15518.34 | 115.95 | 72.3 |
Objects of the Issue:
The IPO aims to raise funds for the following objectives;
- Meet working capital requirements.
- General corporate purposes.
B Right Realestate Limited IPO Registrar:
Purva Sharegistry India Pvt Ltd
B Right Realestate Limited IPO Lead Manager(s):
Gretex Corporate Services Pvt Ltd (Past IPO Performance)
Company Contact Information:
B Right Realestate Limited
702, 7th Floor, Shah Trade Centre, Rani Sati Marg,
Malad East, 400097
Mumbai
