Karda Construction IPO Issue, Allotment, Status, GMP, Listing

Karda Construction IPO

The Karda Group is an established Nashik-based group having its presence in the construction industry for more than two decades. The group was founded by 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 got incorporated in 2007. The company is focused in affordable housing segment and has total residential carpet area of 8.1 lakh sq.ft with 1.9 lakh sq.ft of residential cum office space. The company currently has 13 ongoing projects and 3 planned projects with 17.5 lakh sq.ft carpet area. Out of the total ongoing projects 75 per cent are residential projects and remaining residential cum office space.

Karda Construction IPO details
Subscription Dates 16 to 21 March 2018
Issue Price Rs. 175 – 180 Per Equity Share
Fresh issue 23,00,000 Equity Shares
Offer For Sale 20,00,000 Equity Shares
Total IPO Size INR 77.40 Crore (approx)
Minimum Lot Size (Bid) 80 Shares
Face Value Rs 10 Per Equity Share
Listing on BSE and NSE
Retail Allocation 35%

Book Running Lead Manager

  • Aryaman Financial Services Limited
Karda Construction IPO Allotment and Listing details
Allotment Date 26 March 2018
Refund Date 27 March 2018
Demat Account Credit Date 28 March 2018
Listing Date: 02 April 2018
Check Allotment Status: Click here..

Company Contact

Karda Construction Ltd
2nd Floor Gulmohar Status,
Above Business Bank,
Samarth Nagar, Nashik – 422005
Phone: +91– 253 – 235 1090
Email: admin@kardaconstruction.com
Website: http://www.kardaconstruction.com

IPO Registrar Details

Bigshare Services Pvt. Ltd
Bigshare Services Pvt Ltd E-2 & 3,
Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com