B Right Realestate was incorporated on October 22, 2007, as “Marshal Vinimay Private Limited”. It is an integrated construction and real estate development company, focused primarily on the construction and development of residential and commercial projects, in and around Mumbai.
| Bidding Dates |
|---|
| 30 Jun 2022 - 05 Jul 2022 |
| Subscription |
|---|
| 1.21x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,400 | 1 | 1 | 800 | 2.9 M | ₹153 | 71.94 % | ₹443.6 M | RHP DOC |
B-Right Realestate IPO SUBSCRIPTION STATUS
05 Jul '22B-Right Realestate IPO overall subscription rate was 1.21 times the total available shares
B-Right Realestate IPO retail subscription rate was 0.6 times in the retail segment
B-Right Realestate IPO non-institutional investor subscription rate was 1.82 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
05 Jul 2022 (Day 4) | 0.6x | 1.82x | - |
04 Jul 2022 (Day 3) | 0.38x | 1.16x | - |
01 Jul 2022 (Day 2) | 0.19x | 0.75x | - |
30 Jun 2022 (Day 1) | 0.11x | 0.75x | - |
B-Right Realestate FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 9MFY22 | 7.23 | 4.00 | 137.66 | 136.78 |
| FY21 | 5.84 | 3.76 | -38.63 | -38.63 |
| FY20 | 8.50 | 4.21 | -741.75 | -741.78 |
| FY19 | 13.94 | 4.27 | 6.06 | 1.18 |
B-Right Realestate IPO SUBSCRIPTION STATUS DETAILS
B-Right Realestate had 2.9 M shares on offer
B-Right Realestate IPO offer price was ₹153
B-Right Realestate IPO minimum Investment was ₹122400
B-Right Realestate IPO issue size was ₹ 443.6 M
B-Right Realestate had a minimum lot size of 800 Shares per application
B-Right Realestate NUMBER OF SHARES ON OFFER
B-Right Realestate IPO IMPORTANT DATES
| Issue Open Date | 30 Jun 2022 |
| Issue close Date | 05 Jul 2022 |
| Allotment Date | 08 Jul 2022 |
| Refund Date | 11 Jul 2022 |
| Demat Account Credit Date | 12 Jul 2022 |
| Listing Date | 13 Jul 2022 |
| Listing on Exchange(s) | BSE |
| B-Right Realestate Allotment Status | Exchange |
B-Right Realestate IPO subscription opened on 30 Jun 2022, and closed on 05 Jul 2022
IPO allotment for B-Right Realestate was finalized on Friday, 08 Jul 2022
IPO listing for B-Right Realestate was on BSE on Wednesday, 13 Jul 2022
B-Right Realestate IPO LISTING GAINS
| Issue Price (adjusted) | 153.0 |
| Listing Open Price | 155.0 |
| Listing Close Price | 147.3 |
| Listing Gain% | 1.3% |
| Current Gain% | 452.3% |
B-Right Realestate Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| B-Right Realestate Ltd. | 845 | 873 | 24.8 | 0 | 5.1 | 19.9 | 7.2 | 169.9 | 62 | 35.1 | 1977.1 | 34 | 1977.1 |
| DLF Ltd. | 660 | 163370.6 | 36.7 | -42.5 | 24.2 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1221.6 | 122053.6 | 29.6 | 0.8 | 6.7 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Phoenix Mills Ltd. | 1934 | 69172.2 | 54 | 1.9 | 15.2 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Prestige Estates Projects Ltd. | 1589.5 | 68464.6 | 60.1 | 0.5 | 5.2 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Oberoi Realty Ltd. | 1798.9 | 65408.4 | 24.9 | 0.9 | 10.3 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
B-Right Realestate INFORMATION ON IPO ISSUE
About B-Right Realestate
B Right Realestate was incorporated on October 22, 2007, as “Marshal Vinimay Private Limited”. It is an integrated construction and real estate development company, focused primarily on the construction and development of residential and commercial projects, in and around Mumbai.
Object of the Issue
- Meet working capital requirements
- General corporate purposes
B-Right Realestate Lead Manager of the Issue
Gretex Corporate Services Limited
info@gretexgroup.com
B-Right Realestate Registrar to the issue
Purva Sharegistry (India) Private Limited
support@purvashare.com
B-Right Realestate Strengths
Established brand reputation
Established brand reputation in the real estate sector
Experienced team
Experienced team of managers
Scalable business model
Scalable business model and best quality construction projects
B-Right Realestate Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, promoters, and directors
COVID-19 pandemic
The COVID-19 pandemic had and is expected to have, a material adverse effect on the real estate industry and the company on its financial condition, operations, and cash flows
Located in single region
The company generates its entire sales from operations in certain geographical regions of Mumbai, Maharashtra
IPO FAQs
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 153.0 - 153.0.
The IPO application opens on Jun 30, 2022 and closes on Jul 05, 2022.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 122,400.0, the maximum value for this IPO is Rs 122,400.0.
This IPO will be allotted on Jul 08, 2022.
The refund will be credited to your account on Jul 11, 2022.
The allotted shares will be credited to your demat on Jul 12, 2022.
B-Right Realestate Ltd.’s shares listed on the stock exchanges on Jul 13, 2022.