Ratnabhumi Developers IPO

Ratnabhumi Developers IPOBusiness description – Ratnabhumi Developers is engaged in development of real estate projects in Ahmedabad. The company prepares the layout of the building in consultation with the architects, makes an arrangement to get all the approvals required for the project, carries out all the activities required for the construction and development of the project, and after the completion of the development process, it sells off the project. During the period 2009-2012, the company completed the project namely Ratna Turquoise costing INR65.63 crores.

During the period 2012-17, the company’s main business activities were selling and marketing of commercial offices and shops constructed in its project Turquoise. Apart from selling and marketing of commercials offices and shops, it has rented shops, offices and spaces in the project to corporate clients for their business, commercials, advertisement and installing network equipments.

Promoters of Ratnabhumi Developers – Mr Kaivan Shah and Mrs Meghna Shah

Ratnabhumi Developers IPO details
Subscription Dates 4 – 6 Dec 2017
IPO Price band INR63 per share
Fresh issue 3,700,000 shares (INR23.31 crore)
Offer for sale Nil
Total IPO size 3,700,000 shares (INR23.31 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Ratnabhumi Developers’ financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018
Total revenue  6.3 6.3 7.6 7.8 9.8 0.2
Total expenses  4.9 5.5 6.1 5.6 7.7 0.1
Profit after tax 1.2 0.3 1.1 1.6 1.4 0.1

Ratnabhumi Developers Limited
S.F. 207, Turquoise, Panchvati Panch Rasta
Nr. White House, E.B., C.G. Road
Ahmedabad – 380 009

Phone: +91 79 2642 4209
Email: [email protected]
Website: www.ratnagroup.co.in

Day Subscription (no. of times)
Day 1 0.09
Day 2 0.38
Day 3 1.43

Earnings Per Share (EPS): INR1.35

Price/Earnings (P/E) ratio: 46.67

Return on Net Worth (RONW): 13.31%

Net Asset Value (NAV): INR10.14 per share

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

Ratnabhumi Developers IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

IPO Opening Date: 4 December 2017

IPO Closing Date: 6 December 2017

Finalisation of Basis of Allotment: 11 December 2017

Initiation of refunds: 12 December 2017

Transfer of shares to demat accounts: 13 December 2017

Listing Date: 14 December 2017

Listing Price on BSE SME: INR63.45 per share (up 0.71% from IPO price)

Closing Price on BSE SME: INR63.60 per share (up 0.95% from IPO price)



Please enter your comment!
Please enter your name here