Neelkanth Relators IPO GMP, Open Date, Price Band, DRHP Filed

Neelkanth Relators IPO GMP will be available once the IPO is open for subscription. Neelkanth Relators files DRHP to SEBI for its upcoming IPO. This IPO's open date is expected to be in mid-April 2025. This upcoming IPO is a book-built issue offering entirely a fresh issue of equity share. The company is offering up to 1.35 crore equity shares as a fresh issue, and there is no offer for sale included in this IPO.

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Neelkanth Relators IPO GMP

Neelkanth Relators IPO GMP has not yet started. The IPO GMP today indicates the interest of retail investors in the IPO. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription is oversubscribed, then Neelkanth Relators IPO GMP might rise in the coming days.

Neelkanth Relators IPO GMP Live status will indirectly impact the sentiments of the IPO investors. If the Grey Market Premium is quoting at 10% or above, then the possibility of the oversubscription increases.

However, if the Live IPO GMP quotes are 10% or below the premium, then most investors tend to lose interest in applying for the IPO and the probability of the under-subscription increases. Here, in the Neelkanth Relators IPO, GMP is expected to quote the initial ticks at a premium of 16% or above.

Neelkanth Relators IPO Open Date, Close Date

Neelkanth Relators IPO's open date and close date are expected to be in mid-April 2025. However, as of now, the open and close date has not yet been finalised.

Neelkanth Relators IPO Price Band

Neelkanth Relators IPO price band will be available soon. The minimum amount of investment for the retail category is to be around Rs 14,800, and for small HNI, the minimum investment will be around Rs 2,07,200.

Neelkanth Relators IPO Issue Size

Neelkanth Relators IPO issue size is up to 1,35,00,000 equity shares entirely as a fresh issue; there will be no offer for sale part included in this IPO. The total number of equity shares that will be issued in this IPO is 1.35 crore, whereas the total aggregate size of this IPO in rupees has not yet been disclosed.

Neelkanth Relators IPO Allotment Status

Neelkanth Relators IPO allotment status will be available once the IPO is available for subscription. The listing will be on the BSE and NSE platforms. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

Neelkanth Relators IPO Listing Date

Neelkanth Relators IPO's listing date will be available soon. The listing will be on BSE and NSE platforms. Retail investors can sell the shares after 10 AM on the listing day.

Neelkanth Relators IPO: Listing Date, Lot Size, Price Band

Neelkanth Relators Limited: About the Company

Neelkanth Realtors Limited, incorporated in July 8, 1994, is a key player in the real estate sector founded in Mumbai, Maharashtra.

Neelkanth Realtors Limited specialises in construction, specifically focusing on residential properties and commercial spaces. The company has built a reputation for quality and reliability over its three decades of operation.

The firm is classified as a non-government private company and is actively involved in urban landscapes in Thane and surrounding areas. Its authorised capital is at Rs 1000 lakhs.

Neelkanth Realtors continues contributing significantly to the region's development and infrastructure growth.

Neelkanth Relators IPO Objectives

Neelkanth Relators IPO's objective is to utilise the net proceeds for repayment and/or pre-payment in full or part of certain outstanding borrowings availed by the company, next into the development of the Neelkanth Plaza Project (Funding Development Expenses) and further into general corporate purposes. (All the data mentioned in the paragraph are as per DRHP filed with SEBI by the company).

Neelkanth Relators IPO: Key Dates, Allotment, Listing Date

Neelkanth Relators Financials

Neelkanth Relators Limited posted revenue of Rs 550.57 crore and a net profit of Rs 174.97 crore for the period ending on March 31, 2024. The company's revenue decreased by -4.86%, and PAT massively rose by 22,048.10 % between the FY ending on March 31, 2024, and March 31, 2023. 

Neelkanth Relators IPO Subscription Details, IPO Reservation

Neelkanth Relators IPO subscription details will be available soon. Neelkanth Relators IPO reservation is as follows: not more than 50% of the offer is reserved for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for retail investors is reserved.

Neelkanth Relators IPO Lot Size Details

Neelkanth Relators IPO lot size will be revealed soon. The minimum amount of investment for the retail category is to be around Rs 14,800, and for small HNI, the minimum investment will be around Rs 2,07,200.

Neelkanth Relators IPO Promoter Holdings

Neelkanth Relators promoters are Rashmi C Bhimjyani, Bhavik Rashmi Bhimjyani, Avadh Financial Advisory Llp, Barsana Financial Advisory Llp, Murlidhar Financial Advisory Llp, Rasbihari Advisory Services Llp, Kamashi Advisory Services Llp, Surshyam Trading Llp And Chitrakoot Advisory Services Llp. The promoters' shareholdings before the IPO were 100%; however, after the IPO, shareholdings will decline.

Neelkanth Relators IPO Registrar

Neelkanth Relators IPO registrar is Link Intime India Private Limited. On the date of allotment, investors can click on the registrar's website, select the name of the company, and enter their PAN number or application ID to learn their allotment status.

Neelkanth Relators IPO Lead Managers

Neelkanth Relators IPO lead manager(s) are Swastika Investment Limited.

How to apply to Neelkanth Relators IPO

Interested investors can apply to the Neelkanth Relators IPO directly from the Bigul trading app by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Neelkanth Relators IPO FAQ

1. What are the details of the Neelkanth Relators IPO?

Neelkanth Relators IPO is a book-built issue offering an entirely fresh issue of 1.35 crore equity shares.

2. When will the Neelkanth Relators IPO open and close?

Neelkanth Relators IPO's open date is expected to be in mid-April 2025. However, as of now, the open and close date has not yet been finalised.

3. What is Neelkanth Relators IPO GMP?

Neelkanth Relators IPO GMP quotation is not yet available. You can check the latest GMP price online and reliable GMP once the subscription starts. If the subscription is oversubscribed, then Neelkanth Relators IPO GMP will also rise.

4. What are the details of the Neelkanth Relators IPO reservation?

Neelkanth Relators IPO subscription details will be available soon. Neelkanth Relators IPO reservation is as follows: not more than 50% of the offer is reserved for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for retail investors is reserved.

5. Write the details of the IPO Allotment Status.

Neelkanth Relators IPO allotment status will be available once the IPO is available for subscription. The listing will be on the BSE and NSE platforms. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and the lead managers for Neelkanth Relators IPO?

Neelkanth Relators IPO registrar is Link Intime India Private Limited. On the date of allotment, investors can click on the registrar's website, select the name of the company, and enter their PAN number or application ID to learn their allotment status. The lead manager(s) of Neelkanth Relators IPO are Swastika Investment Limited.

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