Giriraj Civil Developers IPO

Giriraj Civil Developers IPOBusiness description - Giriraj Civil Developers is a civil works contracting and engineering company. Its current concentration is on the Railway sector projects, where it undertakes a wide scope of work which includes construction of foot over bridges, platform extensions; sick line sheds, stabling lines etc. It has also ventured into other infrastructural projects for government / semi-government bodies like MCGM and MRVC and for various private players. Most of its projects undertaken are in the states of Maharashtra and Gujarat. The company has successfully completed several projects since inception in 2005 and currently has 21 ongoing projects. The company’s revenue model includes projects undertaken as direct contract from various government, semi-government and private parties, sub-contracting for other infrastructure companies and also trading of certain construction material.

Promoters of Giriraj Civil Developers – Panna Lal Jain & Vivek Benara
Giriraj Civil Developers IPO details
Subscription Dates 19 - 21 March 2018
IPO Price band INR100 per share
Fresh issue 300,000 shares (INR3 crore)
Offer for sale 600,000 shares (INR6 crore)
Total IPO size 900,000 shares (INR9 crore)
Minimum bid (lot size) 1,200 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Repayment Of Unsecured Loans - INR2.48 crore
  • Expenditure for General Corporate Purposes - INR0.37 crore
  • Company’s share of Offer related Expenses - INR0.15 crore
Giriraj Civil Developers' financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 9M FY2018
Total revenue 42.2 56.7 50.0 48.2 45.3 34.0
Total expenses 40.0 53.7 47.2 45.6 42.6 32.0
Profit after tax 1.5 2.0 1.9 1.8 1.8 1.3
Giriraj Civil Developers' Contact Details

Giriraj Civil Developers Limited
101 Jaitirth Co-operative Housing Society
Daulat Nagar, Road no 10
Borivali (E) Mumbai - 400066

Phone: +91 22 2890 6356
Email: [email protected]

Giriraj Civil Developers IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.05
Day 2 0.59
Day 3 1.10
Giriraj Civil Developers Valuation (Latest FY)

Earnings Per Share (EPS): INR6.07

Price/Earnings (P/E) ratio: 16.47

Return on Net Worth (RONW): 10.14%

Net Asset Value (NAV): INR119.80 per share

Registrar of Giriraj Civil Developers IPO

Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India

Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email[email protected]

Giriraj Civil Developers IPO Allotment Status

Giriraj Civil Developers IPO allotment status is now available on Cameo Corporate Services' website. Click on this link to get allotment status.

Listing performance of Giriraj Civil Developers

IPO Opening Date: 19 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 SME: INR101 per share (up 1% from IPO price)

Closing Price on NSE SME: INR100.1 per share (up 0.1% from IPO price)

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