Puranik Builders Ltd. IPO

Puranik Builders Ltd.

IPO Details

Bidding Dates

To be announced

Bidding Dates

Min. Investment

-

Min. Investment

Lot Size

-

Lot Size

Price Range

-

Price Range

Issue Size

To be announced

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

About Puranik Builders Ltd. IPO

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.

Puranik Builders Ltd. IPO Latest News and Subscription Status Today (Live)

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.


Why should you invest in Puranik Builders Ltd. IPO?

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.


SWOT Analysis - Puranik Builders Ltd. IPO

Strengths:

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.

Weaknesses:

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.

Opportunities:

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.



How to apply for Puranik Builders Ltd. IPO?

You can apply for the Puranik Builders Ltd. IPO in these ways:

UPI
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.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Puranik Builders Ltd. click here.
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Frequently Asked Questions (FAQs) - Puranik Builders Ltd. IPO

What is the issue size of Puranik Builders IPO?

The free issue size of Puranik Builders IPO is INR 510 crores. The founders Gopal Puranik and Ravindra Puranik are equally offering 945,000 shares for sale in total.

Where will the shares of Puranik Builders be listed?

The shares of Puranik Builders will be listed on both NSE and BSE.

What will be the face value per unit of Puranik Builders share?

The face value per unit of Puranik Builders shall be INR 10.

Who are the lead managers to the issue?

YES Securities Limited and Elara Capital (India) Private Limited are the lead managers for Puranik Builders IPO.

Who is the registrar to Puranik Builders IPO?

KFin Technologies Private Limited is the registrar to this IPO.

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