Puranik Builders Limited IPO : Key Info. and Company Objectives

Puranik Builders Limited IPO : Key Info. and Company Objectives

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 :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section.
  3. Click the Puranik Builders Limited IPO button and press the BID button.
  4. Entering the details asked for like UPI ID, Quantity and price.
  5. Submit the application form for the IPO.
  6. 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.

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