Karda Construction LTD IPO

Incorporated in 2007, Karda Construction Limited is a real estate development company which develops and sells residential and residential-cum-office projects in Nashik, India.

The company has successfully completed and delivered 15 residential projects and office space projects like Hari Smruti, Hari Amantran, Hari Shrushti, Hari Kunj, Hari NiwasHari Niketan, Hari Sankalp, etc. They currently have 13 ongoing and 3 projects in pipeline.

They have received “Mega Builder of the Year” award of Divya Marathi in June 2013, for having an exceptional performance in the real estate segment in Nashik.

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Karda Construction LTD IPO Issue Details

 

Karda Construction LTD IPO
 Issue Open

 Mar 16, 2018 - Mar 21, 2018
 Issue Price  Rs 175 - Rs 180 Per Equity Share
 Market Lot  80 Shares 
 Minimum Order  Quantity  80 Shares
 Issue Size  4,300,000 Equity Shares of Rs 10 aggregating up to Rs 77.40 Cr
 Face Value  Rs 10/-
 Listing At  BSE NSE


Company Promoters:

1. Mr. Naresh Karda

Objects of Ridings Consulting Engineers India Limited  - SME IPO:

The object of the issue is to raise funds for: 

1. Part repayment of overdraft facilities;
2. Part repayment of term loans;
3. General corporate purpose;
4. Issue related expenses.

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