Puranik Builders Limited initiated its business operations in 1990. The company is a leading real estate developer working into residential and commercial categories. It is one of the leading developers in Pune and Mumbai. Combined it has 35 projects in Mumbai and Pune. It has an experience of developing more than 554197 Sq. metres in those 35 projects.
Puranik Builders Limited has a further project pipeline filled with 17 new ones. It will cover more than 126500 sq. metres in those projects.
IPO DETAILS
Puranik Builders Limited IPO is set to launch on Nov., 2022. The subscription timeline extends till Nov., 2022. The size for the IPO is Crore Rs.. Shares issued through Offer For Sale are worth Crore Rs. Shares issued through Fresh Issue mode are worth Rs Crore. The lot size is shares and the price range is Rs. – Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 10 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | Nov., 2022 |
| CLOSING DATE FOR IPO | Nov., 2022 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | Rs. – Rs. |
| LOT SIZE | shares |
| MINIMUM ORDER QUANTITY | shares |
| ISSUE SIZE | Crore Rs. |
| OFFER FOR SALE | Crore Rs. |
| FRESH ISSUE | Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | Dec., 2022 |
IMPORTANT DATES
| IPO OPENING DATE | Nov., 2022 |
| CLOSING DATE FOR IPO | Nov., 2022 |
| IPO ALLOTMENT DATE | Dec., 2022 |
| REFUNDS | Dec., 2022 |
| DEMAT A/C CREDITED ON | Dec., 2022 |
| IPO LISTING DATE | Dec., 2022 |
Puranik Builders Limited IPO begins for subscription from Nov., 2022. The IPO subscription would continue till Nov, 2022. The allotment status for the shareholders who applied would come on Dec., 2022. The refunds for the ones who did not get allotment would be initiated on Dec., 2022. The DEMAT accounts of shareholders would be credited on Dec., 2022. The listing of the company would be accompanied on Dec., 2022.
Lead Managers
The lead managers are :
- Yes Securities India Limited
- Elara Capital India Private
The minimum lot size for the company is decided at shares. This holding accounts to Rs.. The maximum lot size is decided at shares. This amounts to Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | shares | Rs. |
| Maximum | shares | Rs. |
OBJECTIVES FOR THE IPO
- The funds may be used for general corporate purposes.
- The money can be used for repayment of the company’s borrowings.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2021-22 | 2020-21 | 2019-20 |
| ASSETS | 2092 | 2008 | 1965 |
| Revenue | 514 | 730 | 721 |
| PAT | 36 | 51 | 71 |
Puranik Builders Limited has an asset base of 2092 Crore Rs in 2022. The same was 2008 Crore Rs in 2021 and 1965 Crore Rs in 2020. Hence one can notice a slow but steady growth in the asset base of the company. Alongside this the revenue generation was 514 Crore Rs in 2022. This is way less than what the company generated before in 2021 and 2020. The revenue for 2020 was 721 Crore Rs and the same for 2021 was 730 Crore Rs.
However it has managed to stay profitable though the dip in revenue is seen. The company has made 71 Crore Rs in 2020, 51 Crore Rs in 2021 and 36 Crore Rs in 2022. One can notice a steep decrease in the profits of the company which is not at all a good indication of stable financial performance from the company.
PROS
- Puranik Builders Limited company is a leading real estate developer working into residential and commercial categories. It is one of the leading developers in Pune and Mumbai.
- Combined it has 35 projects in Mumbai and Pune. The company has an experience of developing more than 554197 Sq. metres in those 35 projects.
- Puranik Builders Limited has a further project pipeline filled with 17 new ones and will cover more than 126500 sq. metres in those projects.
CONS
- The company works in a competitive segment.
Puranik Builders Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Puranik Builders Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
