Karda Constructions IPO

Karda Constructions IPOBusiness description - The Karda Group is a well established Nashik based group having its presence in the construction industry for more than two decades. The group was founded by Mr Naresh Karda in year 1994. In the years following its inception, the group concentrated on developing affordable housing in the residential segment and from year 2001 onwards, the group diversified into commercial segment. The company currently has 11 ongoing and 3 planned projects, which it expects to provide an estimated total Carpet Area of 17,13,725 square feet.

Promoters of Karda Constructions - Mr Naresh Karda
Karda Constructions IPO details
Subscription Dates 16 - 21 March 2018
Price Band INR175 - 180 per share
Fresh issue 2,300,000 shares (INR40.25 - 41.40 crore)
Offer For Sale 2,000,000 shares (INR35 - 36 crore)
Total IPO size 4,300,000 shares (INR75.25 - 77.40 crore)
Minimum bid (lot size) 80 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Use of funds
  • Part repayment of overdraft facilities - INR23 crore
  • Part repayment of term loans - INR7 crore
Karda Constructions' financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenues 43.3 59.1 46.5 105.9 110.0 45.7
Total expenses 39.4 53.7 42.1 96.6 97.5 37.6
Profit after tax 2.7 3.6 3.1 6.4 8.0 5.5
Net margin (%) 6.2 6.1 6.7 6.0 7.3 12.0

Karda Constructions Contact Details

Karda Constructions Limited 
2nd Floor, Saikrupa Complex, Tilak Road
Muktidham, Nashik Road
Nashik – 422 101

Phone: +91 253 – 246 5436
Email: [email protected]
Website: www.kardaconstruction.com

Registrar of Karda Constructions IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Valuation of Karda Constructions (Based on latest FY)

Earnings Per Share (EPS): INR8.03

Price/Earnings (P/E) ratio: 21.79 - 22.41

Return on Net Worth (RONW): 26.46%

Net Asset Value (NAV): INR30.35 per share

Karda Constructions IPO Subscription Details

Category Shares offered Subscription (no. of times)
Day 1 Day 2 Day 3 Day 4
QIB 430,000 1.04 1.55 1.55 1.55
NII 1,720,000 2.06 2.16 2.17 3.44
Retail 2,150,000 0.09 0.45 0.78 1.96
Total 4,300,000 0.98 1.24  1.41  2.51 

Karda Constructions IPO Allotment Status

Karda Constructions IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing Performance of Karda Constructions

IPO Opening Date: 16 March 2018

IPO Closing Date: 21 March 2018

Finalisation of Basis of Allotment: 26 March 2018

Initiation of refunds: 27 March 2018

Transfer of shares to demat accounts: 28 March 2018

Listing Date: 2 April 2018

Listing Price on NSE: INR136 per share (down 24.44% from IPO price)

Closing Price on NSE: INR142.8 per share (down 20.67% from IPO price)

Karda Constructions IPO
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2 thoughts on “Karda Constructions IPO

  • April 2, 2018 at 9:46 AM
    Permalink

    kitne baje ipo listed hoga karda ka

    Reply
  • March 28, 2018 at 7:56 PM
    Permalink

    refund kab dega ye karda wala…. k bina allotment k hi le lega kya

    Reply

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