B Right Realestate Limited is an integrated construction and real estate development company that primarily focuses on the construction of residential and commercial projects. It has strong in-house capabilities to deliver the best quality projects.
It works with subsidiaries and stepdown subsidiaries. B-Right RealEstate Ventures LLP, BRV Leasing Andheri LLP, B-Right Realty Lonavala LLP, B-Right Housecon LLP, B-Right NY Esqure LLP, Jaliyan B-Right Developers LLP, B-Right Sejal Developers LLP, Darc Realty LLP, D.M. Realtors, Siddhivinayak Developers Kurar, and Parth Construction are its subsidaries.
Competitive strengths
- Established brand reputation in the real estate sector.
- Experienced team of managers.
- Scalable business model and best quality construction projects.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 11759.76 | 147.04 | 86.57 |
| 31-Mar-21 | 13441.76 | 118.77 | 58.44 |
| 31-Dec-21 | 15518.34 | 115.95 | 72.3 |
| Amount in ₹ Lakhs |
Objects of the Issue
The IPO aims to raise funds for the following objectives;
- Meet working capital requirements.
- General corporate purposes.
B Right Realestate IPO Details
| B Right Realestate IPO Date | Jun 30, 2022 to Jul 5, 2022 |
| B Right Realestate IPO Face Value | ₹10 per share |
| B Right Realestate IPO Price | ₹153 per share |
| B Right Realestate IPO Lot Size | 800 Shares |
| Issue Size | 2,899,200 shares of ₹10 (aggregating up to ₹44.36 Cr) |
| Fresh Issue | 2,899,200 shares of ₹10 (aggregating up to ₹44.36 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Blow Sales LLP and Cheerful Dealtrade LLP are the company promoters. |
B Right Realestate IPO Timeline
B Right Realestate IPO opens on Jun 30, 2022, and closes on Jul 5, 2022. The B Right Realestate IPO bid date is from Jun 30, 2022 10.00 A.M. to Jul 5, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| B Right Realestate IPO Opening Date | Jun 30, 2022 |
| B Right Realestate IPO Closing Date | Jul 5, 2022 |
| Basis of Allotment | Jul 8, 2022 |
| Initiation of Refunds | Jul 11, 2022 |
| Credit of Shares to Demat | Jul 12, 2022 |
| B Right Realestate IPO Listing Date | Jul 13, 2022 |
B Right Realestate IPO Lot Size
The B Right Realestate IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹122,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 800 | ₹122,400 |
| Maximum | 1 | 800 | ₹122,400 |
B Right Realestate IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 71.92% |
B Right Realestate IPO Review
This realty sector company has posted minuscule financial performance so far and based on its current earnings, the issue is exorbitantly priced. It is operating in a highly competitive and fragmented segment. There is no harm in ignoring this greedily priced IPO. Read detail review…
B Right Realestate IPO Subscription Status (Bidding Detail)
The B Right Realestate IPO is subscribed 0.51 times on Jul 4, 2022 11:17:00 AM. The public issue subscribed 0.26 times in the retail category, times in the QIB category, and 0.75 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 0.75 |
| Retail | 0.26 |
| Total | 0.51 |
B Right Realestate IPO Prospectus
Company Contact Information
B Right Realestate Limited
702, 7th Floor, Shah Trade Centre, Rani Sati Marg,
Malad East, 400097, Mumbai
Phone: +91 22 4603 5689
Email: info@b-rightgroup.com
Website: http://www.b-rightgroup.com/
B Right Realestate IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com