Business description – Giriraj Civil Developers is a civil works contracting and engineering company. Its current concentration is on the Railway sector projects, where it undertakes a wide scope of work which includes construction of foot over bridges, platform extensions; sick line sheds, stabling lines etc. It has also ventured into other infrastructural projects for government / semi-government bodies like MCGM and MRVC and for various private players. Most of its projects undertaken are in the states of Maharashtra and Gujarat. The company has successfully completed several projects since inception in 2005 and currently has 21 ongoing projects. The company’s revenue model includes projects undertaken as direct contract from various government, semi-government and private parties, sub-contracting for other infrastructure companies and also trading of certain construction material.
Promoters of Giriraj Civil Developers – Panna Lal Jain & Vivek Benara
| Giriraj Civil Developers IPO details | |
| Subscription Dates | 19 – 21 March 2018 |
| IPO Price band | INR100 per share |
| Fresh issue | 300,000 shares (INR3 crore) |
| Offer for sale | 600,000 shares (INR6 crore) |
| Total IPO size | 900,000 shares (INR9 crore) |
| Minimum bid (lot size) | 1,200 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Repayment Of Unsecured Loans – INR2.48 crore
- Expenditure for General Corporate Purposes – INR0.37 crore
- Company’s share of Offer related Expenses – INR0.15 crore
| Giriraj Civil Developers’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 42.2 | 56.7 | 50.0 | 48.2 | 45.3 | 34.0 |
| Total expenses | 40.0 | 53.7 | 47.2 | 45.6 | 42.6 | 32.0 |
| Profit after tax | 1.5 | 2.0 | 1.9 | 1.8 | 1.8 | 1.3 |
Giriraj Civil Developers’ Contact Details
Giriraj Civil Developers Limited
101 Jaitirth Co-operative Housing Society
Daulat Nagar, Road no 10
Borivali (E) Mumbai – 400066
Phone: +91 22 2890 6356
Email: [email protected]
Website: www.giriraj.biz
Giriraj Civil Developers IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.05 |
| Day 2 | 0.59 |
| Day 3 | 1.10 |
Giriraj Civil Developers Valuation (Latest FY)
Earnings Per Share (EPS): INR6.07
Price/Earnings (P/E) ratio: 16.47
Return on Net Worth (RONW): 10.14%
Net Asset Value (NAV): INR119.80 per share
Registrar of Giriraj Civil Developers IPO
Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email:Â [email protected]
Website:Â http://www.cameoindia.com
Giriraj Civil Developers IPO Allotment Status
Giriraj Civil Developers IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Listing performance of Giriraj Civil Developers
IPO Opening Date: 19 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 SME:Â INR101 per share (up 1% from IPO price)
Closing Price on NSE SME:Â INR100.1 per share (up 0.1% from IPO price)
