B Right Realestate Limited IPO (B Right Realestate IPO) Detail
B Right Realestate Limited is an integrated construction and real estate development company that primarily focuses on the construction of residential and commercial projects. It has strong in-house capabilities to deliver the best quality projects.
It works with subsidiaries and stepdown subsidiaries. B-Right RealEstate Ventures LLP, BRV Leasing Andheri LLP, B-Right Realty Lonavala LLP, B-Right Housecon LLP, B-Right NY Esqure LLP, Jaliyan B-Right Developers LLP, B-Right Sejal Developers LLP, Darc Realty LLP, D.M. Realtors, Siddhivinayak Developers Kurar, and Parth Construction are its subsidaries.
Competitive strengths
- Established brand reputation in the real estate sector.
- Experienced team of managers.
- Scalable business model and best quality construction projects.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 11759.76 | 147.04 | 86.57 |
| 31-Mar-21 | 13441.76 | 118.77 | 58.44 |
| 31-Dec-21 | 15518.34 | 115.95 | 72.3 |
| Amount in ₹ Lakhs |
Objects of the Issue
The IPO aims to raise funds for the following objectives;
- Meet working capital requirements.
- General corporate purposes.
B Right Realestate IPO Details
| B Right Realestate IPO Date | Jun 30, 2022 to Jul 5, 2022 |
| B Right Realestate IPO Face Value | ₹10 per share |
| B Right Realestate IPO Price | ₹153 per share |
| B Right Realestate IPO Lot Size | 800 Shares |
| Issue Size | 2,899,200 shares of ₹10 (aggregating up to ₹44.36 Cr) |
| Fresh Issue | 2,899,200 shares of ₹10 (aggregating up to ₹44.36 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Blow Sales LLP and Cheerful Dealtrade LLP are the company promoters. |
B Right Realestate IPO Timeline (Tentative Timetable)
B Right Realestate IPO opens on Jun 30, 2022, and closes on Jul 5, 2022. The B Right Realestate IPO bid date is from Jun 30, 2022 10.00 A.M. to Jul 5, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| B Right Realestate IPO Opening Date | Jun 30, 2022 |
| B Right Realestate IPO Closing Date | Jul 5, 2022 |
| Basis of Allotment | Jul 8, 2022 |
| Initiation of Refunds | Jul 11, 2022 |
| Credit of Shares to Demat | Jul 12, 2022 |
| B Right Realestate IPO Listing Date | Jul 13, 2022 |
B Right Realestate IPO Lot Size
The B Right Realestate IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹122,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 800 | ₹122,400 |
| Maximum | 1 | 800 | ₹122,400 |
B Right Realestate IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 71.92% |
B Right Realestate IPO Review
This realty sector company has posted minuscule financial performance so far and based on its current earnings, the issue is exorbitantly priced. It is operating in a highly competitive and fragmented segment. There is no harm in ignoring this greedily priced IPO.
