Art Nirman IPO – Price, Date, Details, Allotment, Listing

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The IPO of Art Nirman Limited will list on the SME platform of NSE Limited with its IPO. Here, investors can view the details related to Art Nirman IPO like price band and dates, company profile, Allotment Status, Listing Dates, and various other important before investment. The company registered its Draft Prospectus and got approval by the regulatory authority “SEBI” .

The Art Nirman IPO is scheduled for 30 September,2016 with a price band of Rs.25 Per Equity Share. The lot size for applying the IPO is for 6000 shares. The issue mandates all investors to apply through ASBA i.e. Application supported by Blocked amount only. The maximum application amount for retail investor stood at Rs. 2 lacs. Public Offering of the issue is place up to 20,04,000 Equity shares offering by the bank worth Rs.5.01 Crore.

Company Profile:

The Company was incorporated on February 19, 2011 located in Gujarat, India. The company operates in real estate sectors developing residential & commercial projects. It has started the constructions of its first residential cum commercial project ‘Shri Vishnudhara Cross Road’ in Ahmedabad and finished in 2016. The project included 5 towers containing total of 154 residential apartments of 2 and 3 BHK and 25 commercial shops, with a total built up area of 2,09,701 sq. ft. It carries all the construction activities by subcontracting the project work to third party contractors. The company has successfully delivered 129 residential flats and 21 commercial offices in its project i.e. “Shri Vishnudhara Cross Road”. The firm got good response for the booking further for 23 residential flats and 4 commercial flats from the Customers for “Shri, Vishnudhara Cross Road” project. Most of the group companies have offered it for carrying out construction work in its forthcoming projects, where the firm received a contract to construct a hotel and a club.

Outlook of the Firm:

Following the norms before construction;
Sound knowledge and strong emergence in the market mainly in Ahmedabad;
Experienced and Qualified Management Team;
Focus on Quality Construction

Objects Of The Issue:

To fulfill the requirement of working capital;
General Corporate Purpose;
Issue Expenses.

Summary Of Issue:

Issue Open:-	30th September to 7th October 2016
Issue Type	Fixed Price Issue IPO
Issue Size (Shares)	[2,004,000]Equity Shares of Rs. 10
Issue Size in (Value)	Rs. 5.01 Crore
Face Value	Rs. 10 Per Equity Share
Issue Price	Rs. 25 Per Equity Shares
Market lots	Rs. 6000 Shares
Minimum Order Quantity	Rs. 6000 Shares
Listing At	NSE SME

The Public offer includes:-2,004,000 Equity Shares

Art Nirman IPO Allotment Status

Art Nirman IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

one can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:

Click on the given link See Allotment Status here
Go to Application Status
Select IPO as Art Nirman IPO
Enter you PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

The Shares of Art Nirman are likely to be listed October 17,2016 on NSE SME.

Promoters Of the Company:

Mr. Ashok Raghuram Thakkar:- He is 43 years old. He is Managing director of the company.

Financials:

Particulars		For the year/Period ended (amount in Rs. )
Financial Year	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Liabilities	181,878,025	241,123,715	120,953,943	195,970,27	678,441,69
Total Assets	181,878,025	241,123,715	120,953,943	195,970,27	678,441,69
Total Revenue	256,376,127	77,819	52,367	21,316	140,037
Total Expenses	243,588,538	(9,642,338)	(1,572,217)	(6,700)	(586,052)
Profit After Tax (PAT)	471,21,31	188,741	224,239	(185,823)	106,338