Incorporated in 2007, Karda Constriction Limited is engaged in construction business. They are a real estate development company which develops and sells residential and residential-cum-office projects in Nashik, India.
Company has successfully completed and delivered 15 residential projects and office space projects like Hari Smruti, Hari Amantran, Hari Shrushti, Hari Kunj, Hari NiwasHari Niketan, Hari Sankalp etc. They currently have 13 Ongoing and 3 Planned projects.
They have received “Mega Builder of the Year” award of Divya Marathi in June 2013, for having an exceptional performance in the real estate segment in Nashik.
Company Promoters:
The Promoters of the Company are:
1. Mr. Naresh Karda
Company Financials:
Objects of the Issue:
The object of the issue are to:
1. Part repayment of overdraft facilities;
2. Part repayment of term loans;
3. General corporate purpose;
4. Issue related expenses.
Issue Detail:
»» Issue Open: Mar 16, 2018 – Mar 21, 2018
»» Issue Type: Book Built Issue IPO
»» Issue Size: 4,300,000 Equity Shares of Rs 10 aggregating up to Rs 77.40 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 175 – Rs 180 Per Equity Share
»» Market Lot: 80 Shares
»» Minimum Order Quantity: 80 Shares
»» Listing At: BSE, NSE
Tentative Date / Timelines of Karda Construction IPO:
Bid/Offer Opens On: Mar 16, 2018
Bid/Offer Closes On: Mar 21, 2018
Finalisation of Basis of Allotment: On or about Mar 26, 2018
Initiation of refunds: On or about Mar 27, 2018
Credit of Equity Shares to demat accounts: On or about Mar 28, 2018
Commencement of trading of the Equity Shares on the Stock Exchanges: On or about Apr 2, 2018
Please contact us today for application at 033 40266300
