To be announced
To be announced
Puranik Builders are leading developers operating the real estate business in the cities like Mumbai and Pune. They have been in the business for the last 31 years and they envision achieving international standards in all of their operations with focus on customer satisfaction. Company’s mission is to become India’s reputed real estate company with highest customer satisfaction. In 2006, they were awarded by Accomodation Times for one of their projects in Thane. Until July 2021, they have completed 35 projects.
Recently, Puranik Builders has begun the initial paperwork with Securities and Exchange Board of India for IPO. The process for offering has begun and we should soon get more Puranik Builders IPO details. The fresh issue of Puranik Builders is going to be worth INR 510 crores. In addition to that, 945,000 equity shares shall be under offer for sale. The opening and closing date of the IPO are still not available.
In FY 2021, Puranik Builders earned a revenue of INR 513 crores against INR 730 crore earned in FY 2020. This fall in revenue by 30% was caused due to low demand in a pandemic, said the company.
Puranik Builders is one of the leading real estate developers building residential towers in the metropolitan region of Mumbai and Pune. With focus on customer satisfaction, they aim to be India’s reputed real estate developers. Their team has a deep understanding of the market and they are currently developing affordable projects for the mid-income category of house buyers.
They focus on providing affordable houses to the mid-income segment. They are continuously committed to offering customer satisfaction with their flexible project models. They offer strategic pricing for the real estate market in their area.
The financial statements of Puranik Builders are weak. Since the pandemic has reduced the demand for housing business and affected the operations, revenue of the company has come and so has the expenditure. There is an overall slow down.
The industry standards and laws are consistently evolving and becoming more business friendly. Puranik Builders can capitalize on these opportunities to rapidly grow their operations and expand.
Threats:Puranik Builders face tough competition from peers like Oberoi Realty Limited, Godrej Properties Limited, Sunteck Realty Limited, Kolte-Patil Developers Limited etc. who operate in the same region as them.
You can apply for the Puranik Builders Ltd. IPO in these ways:
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
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