Puranik Builders Limited IPO

Puranik Builders has raised Rs. 510 crore through an initial public offer (IPO) and there is an offer for sale (OFS) of 9,45,000 equity shares by the promoters.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Puranik Builders IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Puranik Builders

Puranik Builders started their journey in Thane in 1990. They are one of the leading players in real estate providing comprehensive residential and commercial solutions. They have an immense track record of successfully developing projects in MMR and PMR. As of July 31, 2021, Puranik Builders has finished 32 projects of their own and 43 projects through the joint venture model. A few of their significant and ongoing projects are Rumah Bali, Puraniks City Reserva, Tokyo bay in MMR, Aldea Espanola and Abitante in the PMR.

The company has its in-house house studios and structural design capabilities that help them to conceptualise and design.

Puranik Builders IPO Objectives

- The fund will be used to strengthen the market capabilities.
- A part of the fund will be used for any funding growth opportunities.

Why should you invest in the Puranik Builders IPO?

  • With the rapid growth of population and city boundaries, the real estate market is one of the profitable sectors right now.
  • In order to boost the real estate market, the Budget 2022 provides multi-fold announcements that are likely to impact real estate.
  • Due to huge rise in population, there is a huge base for India’s real estate sector.

Financial Highlights

Particulars FY21 FY20 FY19
Basic Earnings/(loss) per Equity Share (₹) 6.08 7.72 10.70
Diluted Earnings/(loss) per Equity Share (₹) 6.08 7.72 10.70
Return on Net Worth (%) 10.41 14.69 23.83
Net Asset Value Per Equity Share (₹) 58.41 52.54 44.90
Earnings before interest, tax, depreciation and amortisation (EBITDA) (Rs. in million) 1,642.67 1,922.87 2,092.59

How to apply for Puranik Builders IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Puranik Builders IPO and approve the payment on your UPI ID.

Demat Account

Puranik Builders Noteworthy Highlights:

Puranik Builders have successfully developed over 4.21 Lakh sq. mts in the span of two decades, while over 9.88 Lakh sq. mt. area is under construction.

The Brand’s Pros & Cons:

Pros Cons
Puranik Builders have diversified and differentiated products. The company has got under joint development with third parties which can lead to several risks.
With the rise in the middle class, the brand focuses on the mid income affordable housing segment. Due to increase in land price and scarcity of properties, the business may get affected.
Puranik Builders have a strong pipeline of projects that will help in the business growth. Among the ongoing projects, there are lots of unsolved properties which can affect the finance and the cash flow of the business.

Competitive Analysis: Market Peers

Name of the Company CMP as on September 3, 2021 (₹) Face value (₹) Consolidated revenue from operations (in ₹ million) Basic EPS (2)(₹) P/E Return on net worth (%) NAV per Equity Share (₹)
Oberoi Realty Limited 762.55 10 20,525.80 20.33 37.51 7.89% 257.68
Godrej Properties Limited 1,580.40 5 7,649.20 (7.48) (211.28) (2.28%) 299.32
Prestige Estates Projects Limited 422.70 10 72,644.00 36.32 11.64 21.81% 166.52
Sunteck Realty Limited 376.95 1 6,138.65 2.98 126.49 1.51% 197.46
Sobha Limited 769.45 10 21,097.79 6.57 117.12 2.57% 255.97
Brigade Enterprises Limited 370.15 10 19,499.70 (2.24) (165.25) (1.97%) 111.3

Puranik Builders IPO FAQs

What is Puranik Builders IPO?

Puranik Builders has raised Rs. 510 crore through an initial public offer (IPO) and there is an offer for sale (OFS) of 9,45,000 equity shares by the promoters.

When will the Puranik Builders IPO allotment be available?

Details are not available.

What will be the Puranik Builders IPO lot size?

Details are not available.

When will Puranik Builders IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When will Puranik Builders list on the exchanges?

Details are not available. Usually, it takes ten working days from the last day of subscription to finally list the IPOs on the stock exchanges.

How to check the allotment status of Puranik Builders IPO?

Angel One investors can log in to their account to check the allotment status of Puranik Builders IPO.

What is the size of Puranik Builders IPO?

Details are not available.

How will I receive shares?

Your shares will get credited directly to your Demat account.

Is it necessary to approve a UPI mandate request immediately?

Approving UPI payment is the final step to completing the IPO application. Investors usually have T+1 days to approve the payment mandate in their UPI handles.

How to apply for this Puranik Builders IPO via the Angel One App?

To apply for the IPO from the Angel One app, log in to your customer account, search for Puranik BuildersIPO in the active IPO list, and click on, Apply.

What is the minimum order quantity for Puranik Builders IPO?

Details are not available.

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