January 12, 2025
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Casagrand Premier Builder IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Casagrand Premier Builder IPO?
The IPO document has received Sebi nod and now soon IPO schedule, price and lot are expected to be announced.
What is the latest GMP of Casagrand Premier Builder IPO?
Rs. ?
Casagrand Premier Builder IPO Subscriptions
Price Rs. ? Lot ? shares, Net Rs. ? Crore |
|||||
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| Applications: ? / (?x) Amount wise Bids recd. Rs. ? Crore |
|||||
What are the promoters of Casagrand Premier Builder IPO?
The promoters of the Company are ARUN MN AND CASAGRAND LUXOR PRIVATE LIMITED
What are the Objects of Casagrand Premier Builder IPO?
The Offer consists of an Offer for Sale by the Selling Shareholders.
The objects of the Offer are to
(i) achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
(ii) carry out the Offer for Sale of up to 18,739,000 Equity Shares of face value of Rs. 2 each by the Selling Shareholders.
What is the business of Casagrand Premier Builder?
Casagrand Premier Builder is the largest developer in the residential sector and are a well-known residential brand in Chennai with a market share of approximately 24% in terms of launches and approximately 20% in terms of demand during the period January 1, 2017, to March 31, 2024. The Company was incorporated in 2003 and since then, it has extended and established its presence in the majority of micro markets in Chennai (Tamil Nadu), offering a variety of projects, including apartments of varying sizes and independent villas with lifestyle amenities under luxury, mid-end and affordable categories, all under its Casagrand brand with a focus on the mid-end category. It also operates in other cities in South India such as Bengaluru (Karnataka), Hyderabad (Telangana) and Coimbatore (Tamil Nadu). As of May 31, 2024, it had 101 Completed Projects with a Saleable Area of 21.45 million square feet, 42 Ongoing Projects with a Saleable Area of 33.60 million square feet and 17 Forthcoming Projects with an Estimated Saleable Area of 13.15 million square feet. In Fiscal 2024, 2023 and 2022, it realised pre-sales volumes (i.e., Saleable Area or units sold during the year for which the booking amount has been received) of 7.24 million square feet of Saleable Area or 4,872 units, 5.60 million square feet of Saleable Area or 3,966 units, and 4.12 million square feet of Saleable Area or 2,817 units, respectively.
As of May 31, 2024, it had a team of 825 employees engaged in sales which plays a crucial role in selling units of our projects. Further, it set up one office in Dubai in November 2016 to cater to the nonresident Indian population interested in properties in cities where it operates. In Fiscal 2024, 2023 and 2022, presales from its Dubai office were Rs. 1,033.87 million, Rs. 387.29 million and Rs. 274.96 million, respectively, representing 2.16%, 1.09% and 1.11% of the total pre-sales during such periods.
For more information, click www.casagrand.co.in
Casagrand Premier Builder IPO GMP, Particulars & Guidance
| Casagrand Premier Builder IPO Details | |
| IPO opens ? | ? |
| IPO closes on | ? |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs 1100 Cr |
| * Fresh Issue | – Shares / Rs 1000 Cr |
| * Offer for Sale | ? Shares / Rs 100 Cr |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in Casagrand Premier Builder? | Shares | Rs. in Crore |
| QIB (50 %) | ? | ? |
| NII (15 %) | ? | ? |
| RII (35 %) | ? | ? |
| Employees | – | – |
| Total Shares | ? | ? |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Casagrand Premier Builder IPO? | Amount Rs. |
|
| Min Retail Application | ? Shares | ? |
| Max Retail Application | ? shares | ? |
| Small HNI (Min) application | ? Shares | ? |
| Small HNI (Max) application | ? Shares | ? |
| Big HNI Application | ? Shares | ? |
| What is the timetable of Casagrand Premier Builder IPO? | |
| IPO opens on | 2025 |
| IPO Closes on | 2025 |
| IPO Allotment on | 2025 |
| Unblocking of Asba | 2025 |
| Credit of Shares | 2025 |
| Listing of Shares | 2025 |
| Registered Office of the company | |
| 5th Floor, NPL Devi, New No -111, Old No 59 L.B. Road, Thiruvanmiyur Chennai 600 041 Tamil Nadu, India |
|
| Who are the Lead Managers of Casagrand Premier Builder IPO? JM Financial Ltd Motilal Oswal Investment Advisors Ltd |
|
| Registrar to IPO | |
| Kfin Technologies Limited |
| Casagrand Premier Builder IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 1892 | 141.73 | 8.36 | 66.25 |
| 2022-23 | 2514 | 226.12 | 12.95 | 50.89 |
| 2023-24 | 2670 | 256.95 | 14.71 | 36.72 |
| Book Value of the Share on 31.03.2024 |
Rs. | 40.07 | ||
| BV after the IPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| ivalue infosolutions IPO Ratio Analysis |
|
| Price /EPS | – |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Casagrand Premier Builder IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Casagrand Premier | 2 | 2614 | ? |
| Prestige Estate | 10 | 7877 | 296.25 |
| Sobha Developers | 10 | 3097 | 326 |
| Pravankara | 5 | 2185 | 257.06 |
| Shriram Properties | 10 | 865 | 30.63 |
| Keystone Developers | 10 | 2222 | 74.85 |
| Brigade Enterprise | 10 | 4897 | 61.81 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Casagrand Premier Builder IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
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