Significant changes and advancements have been occurring in the Indian real estate market, and one of the major participants in the market, Puranik Builders IPO Ltd., recently made headlines with its initial public offering (IPO). Investors and enthusiasts are paying attention to Puranik Builders’ offering in an attempt to take advantage of the market opportunities. The company offers an intriguing story that combines tradition with contemporary real estate goals as it enters the IPO market.
About Puranik Builders IPO Ltd
Gopal and Ravindra Puranik established Puranik Builders in 1968. Within the Mumbai and Pune metropolitan regions, the company is a well-known developer of real estate. In 1990, the company began operations in Thane and gradually expanded into MMR and PMR. The market segment for mid-income affordable housing is primarily served by Puranik’s projects. As of July 31, 2021, 35 projects in MMR and PMR had been completed. The company has developed 5,965,381 square feet of developable area as of July 31, 2021, and they have a very strong track record of successful projects in MMR and PMR.
Puranik Builders Ltd Financial Status
| Particulars | FY21 | FY20 | FY19 |
| Total Revenue | 513.5 | 730.2 | 721.2 |
| PAT | 36.3 | 51.22 | 71.3 |
| EPS (In Rs) | 6.08 | 7.72 | 10.7 |
| Particulars | FY21 | FY20 | FY19 |
| Total Assets | 2,092.8 | 2,008.3 | 1,964.95 |
| Total Borrowings | 1,354.4 | 1,286 | 1,239 |
| Equity Share Capital | 57.65 | 57.65 | 57.65 |
Strengths
- In the market, Puranik Builders enjoys a great deal of customer loyalty and is a well-known and respected brand.
- The company targets the affordable housing market for middle-class consumers. In this market segment, a sizable customer base is offered by the PMR and MMR markets.
- A calculated price plan for its main markets. In terms of MMR and PMR, the mid-income affordable housing segment falls between Rs. 4.2 million and Rs. 11.5, million.
- Puranik Builders offers a unique and diverse range of products. For the middle-class housing market, the company launched theme-based developments like Tokyo Bay and Puranik City Reserva in MMR.
- The business has made significant profits from its long-standing operations in the highly desirable real estate markets of Pune and Mumbai. At launch, Mumbai had the highest average sales price and the largest sales volumes.
Why should you invest in Puranik Builders Ltd. IPO?
One of the top developers of real estate, Puranik Builders constructs residential towers in the Mumbai and Pune metropolitan areas. Their goal is to become the most reputable real estate developers in India, with an emphasis on client satisfaction. Their team is currently creating affordable projects for the mid-income group of home buyers and has a thorough understanding of the market.
How to apply for the Puranik Builders IPO?
- Enter your six-digit PIN to access your Brokers account.
- Once you’ve successfully logged in, select “Discover.”
- You can find the section titled “Invest in IPO” under the Discover tab.
- Locate and click on the “Puranik Builders IPO” tab under the “Invest in IPO” section.
- Now enter all the necessary data, such as the “lot size” and “bid price.”
- Verify and select “Apply.”
- Accept the directive through the UPI app.
How to Check the Puranik Builders IPO Allotment Status?
- Enter six-digit PIN to access your account.
- Once you’ve logged in, select “Discover.”
- You can find the section “Invest in IPO” on the Discover page.
- You can select “View all” from the Invest in IPO section.
- After selecting “View all,” the “IPO” tab will be displayed.
- Go to the “IPO” tab and select “My applications.”
- It will state your Puranik Builders IPO allotment status under the History section of “My Applications.”
FAQ’s of Puranik Builders IPO
Q1. Where is Puranik Builders going to list its shares?
Puranik Builders’ shares are scheduled to be listed on the NSE and BSE.
Q2. What will the Puranik Builders share’s face value be per unit?
Puranik Builders’ face value per unit will be INR 10.
Q3. What is the Puranik Builders IPO issue size?
The Puranik Builders IPO has a free issue size of INR 510 crores. Gopal and Ravindra Puranik, the company’s founders, are each offering 945,000 shares for sale.
Q4. Who are the issue’s lead managers?
The lead managers for the Puranik Builders’ initial public offering are YES, Securities Limited, and Elara Capital (India) Private Limited.
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