247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Akruti Nirman Limited IPO (Akruti Nirman IPO) Details

Akruti Nirman Limited is an Real Estate based company, located in Mumbai, Akruti Nirman Limited IPO size was 361.80 Cr. and was issued at 540.00 per share. The share of Akruti Nirman Limited were listed at 564.00 per share and are currently trading at 300.70 per share.

Type :
Sub Sector : Development Of Commercial And Residential Properties
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
111.12 Cr.

PAT :
22.89 Cr.

Pricing Report

Issue Price :
540.00

Listing Price :
564.00

Current Market Price :
300.70

Issue Price vs CMP :
239.3 (44.31%)

listing Price vs CMP :
263.3 (46.68%)

Performance Report (CAGR* wise)

CAGR : -3.21
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Akruti Nirman

Company Information
Akruti Nirman Limited, a real estate development company in Mumbai, India. At present, their primary business is the development of commercial and residential properties. Their operations include the identification and acquisition of land and land development rights, and the planning, execution and marketing of their projects. In their commercial business line, they build, lease and sell commercial office space, including office towers and information technology parks, with a focus on properties attractive to the information technology, information technology enabled services ("ITES") and business processing outsourcing ("BPO") industries and large multinational companies. In their residential business line, they develop multi-unit residential apartment buildings with residences ranging from one bedroom flats to higher end, five bedroom residences. In their new retail business line, they are currently developing
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Object of Issue
  • Finance acquisition of lands / rights in lands and development rights
  • Finance the construction and development costs for some of their projects under development
  • Repay certain loans of the company
  • Fund expenditures for general corporate purposes and achieve the benefits of listing on the Stock Exchanges

Akruti Nirman MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Feb, 2007
IPO Size :
361.80 Cr.
PE Multiple :
14.18
Merchant Banker :
Axis Capital Limited
IPO Registrar:
Link Intime India Private Limited

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FAQs

Akruti Nirman operates in Real Estate and Development Of Commercial And Residential Properties. The Issue is listed on MainBoard in Feb, 2007. Akruti Nirman IPO size was 361.80 Cr. with Issue price of 540.00 .

Merchant Banker(s) of Akruti Nirman IPO: Axis Capital Limited , J.P. Morgan India Private Limited

Akruti Nirman IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Akruti Nirman IPO listed at a listing price of 564.00 against the offer price of 540.00.

The current market price of Akruti Nirman is 300.70.

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