IPO Synopsis

Ratnabhumi Developers Ltd
Registered Office: SF 207 Turquoise Panchvati,Panch Rasta EB CG Road,Ahmedabad-380009, Gujarat
Tel. No: 91-79-26424209
Fax No:
Email: compliance@ratnagroup.co.in
Website: www.ratnagroup.co.in
Public issue of 37,00,000 equity shares of face value of Rs. 10 each of Ratnabhumi Developers Limited ("Ratnabhumi" or the "company" or the "issuer") for cash at a price of Rs. 63 per equity share including a share premium of Rs. 53 per equity share (the "issue price") aggregating to Rs. 23.31 crores ("the issue"), of which 1,88,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 63 per equity share including a share premium of Rs. 53 per equity share aggregating to Rs. 1.18 crores will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. Net issue of 35,12,000 equity shares of face value of Rs. 10 each at a price of Rs. 63 per equity share including a share premium of Rs. 53 per equity share aggregating to Rs. 22.13 crores is herein after referred to as the "net issue". The issue and the net issue will constitute 27.01% and 25.64% respectively of the post issue paid up equity share capital of the company.
Issue Money Payable On
Opens On Closes On Application Allotment
04-Dec-2017 06-Dec-2017 ₹63.00 - 0.00 ₹0.00 - 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of :2000
(₹ Cr) Lead Managers to the Issue
Project Cost 23.31 Corporate Capitalventures Pvt Ltd
Project Financed through Current Offer 23.31
Post Issue Equity Share Capital 13.70
Issue Price 63.00
Projects
Acquisition of land/plot of land and other strategic initiatives
Capital contribution towards 45% stake in Rajul Projects LLP-Project Ratna Artemus II- Paldi, Ahmedabad
General Corporate Purpose
Promoted By
Kaivan Shah
Meghna Shah
Listing At
BSE - SME
Registrar To The Issue