Business description – The Karda Group is a well established Nashik based group having its presence in the construction industry for more than two decades. The group was founded by Mr Naresh Karda in year 1994. In the years following its inception, the group concentrated on developing affordable housing in the residential segment and from year 2001 onwards, the group diversified into commercial segment. The company currently has 11 ongoing and 3 planned projects, which it expects to provide an estimated total Carpet Area of 17,13,725 square feet.
Promoters of Karda Constructions – Mr Naresh Karda
| Karda Constructions IPO details | |
| Subscription Dates | 16 – 21 March 2018 |
| Price Band | INR175 – 180 per share |
| Fresh issue | 2,300,000 shares (INR40.25 – 41.40 crore) |
| Offer For Sale | 2,000,000 shares (INR35 – 36 crore) |
| Total IPO size | 4,300,000 shares (INR75.25 – 77.40 crore) |
| Minimum bid (lot size) | 80 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Use of funds
- Part repayment of overdraft facilities – INR23 crore
- Part repayment of term loans – INR7 crore
| Karda Constructions’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | |
| Total revenues | 43.3 | 59.1 | 46.5 | 105.9 | 110.0 | 45.7 |
| Total expenses | 39.4 | 53.7 | 42.1 | 96.6 | 97.5 | 37.6 |
| Profit after tax | 2.7 | 3.6 | 3.1 | 6.4 | 8.0 | 5.5 |
| Net margin (%) | 6.2 | 6.1 | 6.7 | 6.0 | 7.3 | 12.0 |
Karda Constructions Contact Details
Karda Constructions LimitedÂ
2nd Floor, Saikrupa Complex, Tilak Road
Muktidham, Nashik Road
Nashik – 422 101
Phone: +91 253 – 246 5436
Email: [email protected]
Website:Â www.kardaconstruction.com
Registrar of Karda Constructions IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Valuation of Karda Constructions (Based on latest FY)
Earnings Per Share (EPS): INR8.03
Price/Earnings (P/E) ratio: 21.79 – 22.41
Return on Net Worth (RONW): 26.46%
Net Asset Value (NAV): INR30.35 per share
Karda Constructions IPO Subscription Details
| Category | Shares offered | Subscription (no. of times) | |||
| Day 1 | Day 2 | Day 3 | Day 4 | ||
| QIB | 430,000 | 1.04 | 1.55 | 1.55 | 1.55 |
| NII | 1,720,000 | 2.06 | 2.16 | 2.17 | 3.44 |
| Retail | 2,150,000 | 0.09 | 0.45 | 0.78 | 1.96 |
| Total | 4,300,000 | 0.98 | 1.24Â | 1.41Â | 2.51Â |
Karda Constructions IPO Allotment Status
Karda Constructions IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing Performance of Karda Constructions
IPO Opening Date: 16 March 2018
IPO Closing Date: 21 March 2018
Finalisation of Basis of Allotment: 26 March 2018
Initiation of refunds: 27 March 2018
Transfer of shares to demat accounts: 28 March 2018
Listing Date: 2 April 2018
Listing Price on NSE: INR136 per share (down 24.44% from IPO price)
Closing Price on NSE: INR142.8 per share (down 20.67% from IPO price)
refund kab dega ye karda wala…. k bina allotment k hi le lega kya
kitne baje ipo listed hoga karda ka