B Right Realestate IPO GMP, Review, Price, Allotment

B Right Realestate IPO description – The company is an integrated construction and real estate development company, focused primarily on construction and development of residential and commercial projects, in and around Mumbai.

The company has opted a business model whereby it invests in its subsidiary named B-Right RealEstate Ventures LLP and this LLP makes investment in various SPV (Special Purpose Vehicle) which are incorporated for particular projects. Each real estate project has its own SPV which is closed upon completion of the project.

B Right Realestate focuses on developing projects on land held in stock in trade and by entering into joint development agreement & partnerships with parties for development of projects.

Promoters of B Right RealEstate – Blow Sales LLP and Cheerful Dealtrade LLP

---

B Right Realestate IPO Details

Subscription Dates	30 June – 5 July 2022
Price Band	INR153 per share
Fresh issue	28,99,200 shares (INR44.4 crore)
Offer For Sale	Nil
Total IPO size	28,99,200 shares ( INR44.4 crore)
Minimum bid (lot size)	800 shares
Face Value	INR10 per share
Retail Allocation	50%
Listing On	BSE SME

---

B Right Realestate’s Financial Performance

	FY2019	FY2020	FY2021	9M FY2022
Revenue	244.95	147.04	118.77	115.95
Expenses	51.79	27.53	50.52	43.05
Net income	139.43	85.03	58.37	72.27

---

B Right Realestate Offer News

• B Right Realestate RHP
• B Right Realestate Draft Prospectus

---

B Right Realestate Offer Valuation (as of FY2021)

Earnings Per Share (EPS): INR9.28
Pre-IPO Price/Earnings (PE ratio): 16.49
Return on Net Worth (RONW): 0.65%
Net Asset Value (NAV): INR974.93 per share

---

B Right Realestate IPO GMP Daily Trend

Date	B Right Realestate IPO GMP	Kostak	Subject to Sauda

---

B Right Realestate IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	14,49,600	14,49,600	28,99,200
Day 1	0.71	0.10	0.41
Day 2	0.71	0.18	0.45
Day 3	1.10	0.36	0.73
Day 4	1.73	0.57	1.15

---

B Right Realestate IPO Lead Manager

Gretex Corporate Services Limited
Office No. 13, 1st Floor,
New Bansilal Building,
Raja Bahadur Mansion, 9-15,
Homi Modi Street, Fort,
Mumbai – 400 001, Maharashtra
Phone: +91–22–4002 5273 / 98368 22199 / 98368 21999
Email: [email protected]
Website: www.gretexcorporate.com

---

B Right Realestate Offer Registrar

Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate,
JR Boricha Marg, Lower Parel (E)
Mumbai – 400 011
Phone: +91 22 2301 2518
Email: [email protected]
Website: www.purvashare.com

---

B Right Realestate IPO Contact Details

B Right Realestate Limited
702, 7th Floor
Shah Trade Centre, Rani Sati Marg
Malad East, Mumbai- 400097
Maharashtra
Phone : +91 22 4603 5689
E-mail: [email protected]
Website: www.b-rightgroup.com

---

B Right Realestate IPO Allotment Status

B Right Realestate IPO allotment is now available on Purva Sharegistry’s website. Click on this link to get allotment status.

---

B Right Realestate IPO Timetable

IPO Opening Date	30 June 2022
IPO Closing Date	5 July 2022
Finalisation of Basis of Allotment	8 July 2022
Initiation of refunds	11 July 2022
Transfer of shares to demat accounts	12 July 2022
Listing Date	13 July 2022
Opening Price on BSE SME	INR155 per share (up 1.31% from IPO price)
Closing Price on BSE SME	INR147.25 per share (down 3.76% from IPO price)

---

B Right Realestate IPO FAQs