Pushpanjali Realms & Infratech IPO


Pushpanjali Realms & Infratech IPO

Pushpanjali Realms and Infratech IPO

Pushpanjali Realms & Infratech is a real estate development company, focused primarily on construction and development of residential projects. The company’s residential portfolio currently covers projects catering to customers across all income groups. It believes that it has established a relatively successful track record in the real estate industry in Uttarakhand by developing projects through focus on innovative architecture, strong project execution and quality construction.

It enters into joint venture with land owners by making advance payment and further payments are staggered on various completion stages. At time, the company also gives them some flats/apartments against part payments.

Promoters of Pushpanjali Realms & Infratech – Deepak Mittal and Rajpal Walia

Pushpanjali Realms & Infratech IPO details

Subscription Dates 27 – 30 June 2017
IPO Price band INR55 per share
Fresh issue 2,646,000 shares (INR14.55 crore)
Offer for sale Nil
Total IPO size 2,646,000 shares (INR14.55 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform


Pushpanjali Realms & Infratech’s financial performance (in INR crore)

FY2014 FY2015 FY2016 9M FY2017
Total revenue 1.18 13.46 22.15 18.48
Total expenses 1.13 12.86 20.01 16.70
Profit after tax 0.02 0.43 1.39 1.18

Subscription (no. of times)

Day 1 0.01
Day 2 0.09
Day 3 0.29
Day 4 1.13

Pushpanjali Realms & Infratech Limited
Khasra No.- 11, Tarla Nagal,
Near HeliPad, Sahastradhra Road,
Dehradun – 248 001, Uttarakhand

Phone: +91 8791088791
Email: [email protected]
Website: www.pushpanjali.co

Earnings Per Share (EPS): INR2.83

Price/Earnings (P/E) ratio: 19.43

Return on Net Worth (RONW): 21.90%

Net Asset Value (NAV): INR12.91 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
[email protected]
Website: www.bigshareonline.com

Pushpanjali Realms & Infratech IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

IPO Opening Date: 27 June 2017

IPO Closing Date: 30 June 2017

Listing Date: 10 July 2017

Listing Price on NSE SME: INR55 per share (flat from IPO price)

Closing Price on NSE SME: INR56 per share (up 1.8% from IPO price)


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