Puranik Builders is among the prominent residential real estate developers in Mumbai Metropolitan Region and Pune Metropolitan Region based on number of units currently being marketed in these regions. The company is also among the leading residential real estate developers in the growing Thane region of MMR based on the projects currently being marketed and corresponding units sold. The company has a longstanding presence of over 31 years in the real estate market in India, developing residential projects in the mid-income affordable housing segment in the MMR and the PMR real estate markets.
The IPO comprises a fresh issue of shares worth Rs 510 crore and an offer for sale of up to 9.45 lakh shares by the company’s promoters. The offer for sale involves Ravindra Puranik and Gopal Puranik divesting up to 4.725 lakh shares each.
The Mumbai-based developer may also consider a pre-IPO placement to raise as much as Rs 150 crore.
The net proceeds of the fresh issue will be utilised in the following manner –
|IPO Open Date||To be announced|
|IPO Close Date||To be announced|
|Allotment Date||To be announced|
|Initiation Of Refunds||To be announced|
|Credit Of Shares To
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
|Particulars||As on/ For Fiscal 2021||As on/ For Fiscal 2020||As on/ For Fiscal 2019|
|Basic Earnings/ (loss) per Equity Share (₹)||6.08||7.72||10.7|
|Diluted Earnings/ (loss) per Equity Share (₹)||6.08||7.72||10.70|
|Return on Net Worth (%)||10.41||14.69||23.83|
|Net Asset Value Per Equity Share (₹)||58.41||52.54||44.90|
|EBITDA (Rs. in million)||1,642.67||1,922.87||2,092.59|
A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App
Below are your top reasons:
|Focus on and experience in the mid-income affordable housing segment||Heavy dependence of the performance of, and the conditions affecting, the real estate markets in the MMR and the PMR|
|Asset-light model for development of projects through joint development agreements and joint venture arrangements||Inability to successfully identify and acquire suitable land parcels|
|Established brand and customer goodwill in the MMR and the PMR markets||Increase in price of land|
Retail investors need to apply for the IPO using UPI
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Puranik Builders has raised Rs. 510 crore through an initial public offer (IPO) and there is an offer for sale (OFS) of 9,45,000 equity shares by the promoters.
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.