Puranik Builders Limited
mainboardupcomingAbout the company
As the demand for real estate properties remains strong, developers are queuing up to raise money through the IPO route. After Keystone Realtors, now 31-year-old Puranilk Builders is planning to launch its public issue. It is one of the prominent residential real estate developers in Mumbai Metropolitan Region (MMR) and Pune Metropolitan Region (PMR). After starting its operations in Thane in 1990, the real estate developer has diversified into other micro-markets within the MMR and the PMR. It has completed 39 projects over the years. Currently, it is developing residential projects in the mid-income affordable housing segment in these regions. The realtor has 29 ongoing projects and 13 forthcoming projects under the Puraniks brand. Now, it is all set to launch the Puranik Builders IPO, which will be a combination of an offer for sale and a fresh issue. The money raised through the fresh issue of Puranik Builders Ltd IPO will be used for pre-payment or repayment of debt.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 04 Sep | ₹0 | ₹0 | -2 |
| 03 Sep | ₹2 | ₹2 | -1 |
| 02 Sep | ₹3 | ₹3 | -1 |
| 01 Sep | ₹4 | ₹4 | 0 |
| 31 Aug | ₹4 | ₹4 | 0 |
| 30 Aug | ₹4 | ₹4 | +1 |
| 29 Aug | ₹3 | ₹3 | +1 |
| 28 Aug | ₹2 | ₹2 | 0 |
Strengths
Risks
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
UpcomingTBABidding starts for all investor categories
IPO Closes
UpcomingTBALast day to place your bid
Basis of Allotment
UpcomingTBAShare allotment finalised
Refund Initiation
UpcomingTBARefunds credited for non-allottees
Credit to Demat
UpcomingTBAAllotted shares credited to demat account
Listing on Exchange
UpcomingTBAShares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail | 1 | 0 | ₹0 | Infinity | ₹NaN | ≤ ₹2,00,000 |
| sHNI (Small HNI) | Infinity | NaN | ₹NaN | Infinity | ₹NaN | ₹2L – ₹10L |
| bHNI (Big HNI) | Infinity | NaN | ₹NaN | Infinity | ₹NaN | > ₹10L |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | NaN | NaN | NaN | 0.00x | 100% |
| NII | 15% | NaN | NaN | NaN | 0.00x | 100% |
| Retail | 35% | NaN | NaN | NaN | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).