B-Right RealEstate Ltd - IPO

B-Right RealEstate Ltd IPO Details

Public issue of 28,99,200 equity shares of face value of Rs. 10.00 each (Equity Shares) of B-Right Realestate Limited (the Company or the Issuer) for cash at a price of Rs. 153.00 per equity share including a share premium of Rs. 143.00 per equity share (the Issue Price) aggregating to Rs. 44.36 crores (the Issue) of which 1,45,600 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 153.00 per equity share including a share premium of Rs. 143.00 per equity share aggregating to Rs. 2.23 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 27,53,600 equity shares of face value of Rs. 10.00 each at a price of Rs. 153.00 per equity share including a share premium of Rs. 143.00 per equity share aggregating to Rs. 42.13 crores (the Net Issue). The issue and the net issue will constitute 28.06% and 26.65 % respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10.00 and the issue price is 15.3 times of the face value of the equity shares.

Objective of issue

Working Capital Requirements. General Corporate Purposes.

B-Right RealEstate Ltd Contact Details

B-Right RealEstate Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 91-22-23010771/23018261

Fax - 91-22-23012517

Email - info@b-rightgroup.com

Website - www.b-rightgroup.com