B Right Real estate IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the B Right Real estate IPO release date, IPO offer price, subscription, B Right Real estate IPO Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 153 |
| Listing At | BSE, SME |
| Min. Order Quantity | 800 Shares |
| Listing Date | NA |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 4436 Lakhs |
| IPO Size | Rs 4436 Lakhs |
| Tick Size | 1 |
B Right Real estate IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – B Right Real estate IPO Share Price |
B Right Real estate IPO – Summary
Their Company was originally incorporated on October 22, 2007 as a private limited company as “Marshal Vinimay Private Limited” vide Registration No. 282631 under the provisions of the Companies Act, 1956 with the Registrar of Companies, West Bengal.
Subsequently, pursuant to a special resolution of their Shareholders passed in the annual general meeting held on September 25, 2019 their Company was converted from a private limited company to public limited company and consequently, the name of their Company was changed to ‘Marshal Vinimay Limited’ and a fresh certificate of incorporation consequent to conversion was issued on January 02, 2020 by the Registrar of Companies, Mumbai.
Subsequently, their Company’s name was changed to B-Right RealEstate Limited by passing of resolution on August 28, 2020 and a fresh certificate of incorporation consequent to name change was issued on September 25, 2020 by the Registrar of Companies, Mumbai. The Corporate Identification Number of their Company is U70100MH2007PLC282631.
B Right Real estate IPO Date
The opening and the closing date of B Right Real estate IPO are Jun 30, 2022 and Jul 5, 2022 Respectively.
B Right Real estate IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30th Jun | 0.75x | 0.11x | 0.43x |
| 2nd Day – 1st Jul | 0.75x | 0.19x | 0.47x |
| 3rd Day – 4th Jul | 1.16x | 0.38x | 0.77x |
| 4th Day – 5th Jul | 1.82x | 0.60x | 1.21x |
| Shares Offered or Net Issue | 1,376,800 | 1,376,800 | 2,753,600 |
The shares subscribed by the public will be updated here.
Check B Right Real estate IPO LIVE Subscription
- B Right Real estate IPO LIVE Bid details on BSE
- B Right Real estate IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
B Right Real estate IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
B Right Real estate IPO Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jul 8, 2022 |
| Refunds Initiation | Jul 11, 2022 |
| Credit of Shares to Demat Account | Jul 12, 2022 |
| Share Listing Date | Jul 13, 2022 |
B Right Real estate IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.153
B Right Real estate IPO Equity Size
This Initial Public Issue of 2,899,200 Equity Shares of Rs.10 each for cash at a price of Rs.153 per equity share aggregating to Rs.4436 Lakhs.
B Right Real estate IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,899,200 Equity Shares of Rs.10/ each.
Issue Size: 2,899,200 Equity Shares of Rs.10 each, aggregating to Rs.4436 Lakhs
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B Right Real estate IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – B Right Real estate IPO Share Price |
B Right Real estate IPO Grey Market Premium
The B Right Real estate IPO Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
B Right Real estate IPO – Company Overview
Their company has opted a business model whereby their company Invests in their subsidiary LLP named B-Right RealEstate Ventures LLP and this LLP makes investment in various SPV (Special Purpose Vehicle) which is been incorporated for a Particular project.
Each Real estate project has its own SPV and such SPV is closed upon completion of the project. This helps the company to keep a track of all the materials, human resource and all other miscellaneous expenses that occur from a particular project. Till today such a business model has been proven to be successful but they do not assure that the same would continue in future.
B Right Real estate IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||
| 31-Dec-21 | 31-Mar-21 | Mar-20 | |
| Total Assets | 15518.34 | 13441.76 | 11759.76 |
| Total Revenue | 115.95 | 118.77 | 147.04 |
| Total Expense | 43.05 | 50.52 | 27.53 |
| Profit After Tax | 72.3 | 58.44 | 86.57 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-21 | 31-Mar-21 | Mar-20 | |
| Basic & Diluted | 7.78 | 9.28 | 13.76 |
Further, their PAT for the period ended on Dec 31, 2021, March 31, 2021, March 31, 2020 were Rs. 135.51 Million, Rs. 72.3 Lakhs, Rs.58.44 Lakhs and Rs.86.57 Lakhs respectively.
B Right Real estate IPO – Promoters
The Promoter of this company is:
- Blow Sales LLP
- Cheerful Dealtrade LLP
List of Related Parties (Key Managerial Personnel)
- Mr. Paras Hansrajbhai Desai, Managing Director
- Mr. Sanjay Nathalal Shah, Non-Executive Director
- Mr. Sudhir Haribhai Patel, Non-Executive Director
- Ms. Nupur Jayant Gaitonde, Non-Executive Director
- Ms. Bhumi Bakulesh Tolia, Independent Director
- Mr. Paras Mal Jain, Independent Director
B Right Real estate IPO – Promoters Holding
- Pre Issue Share Holding – 99.98%
- Pos Issue Share Holding – 71.92%
B Right Real estate IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 28,99,200 Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,45,200 Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to 27,54,000 Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than 13,77,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 13,77,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 74,32,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
B Right Real estate IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Working Capital Requirement
- General Corporate Purposes
B Right Real estate IPO – Business Strategy
- Derive scale efficiencies by focusing on core markets
- Improve operational efficiencies and timelines
- Attracting and retaining the highest quality professionals
- Improve operational efficiencies and timelines
B Right Real estate IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Management Team
- Reputation
- Operation Methodology
- Scalable Business Model
- Quality Assurance and Standards
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 9.28 | 0.65 | 974.93 |
| 31-Mar-20 | 13.76 | 2.46 | – |
| Mar-19 | 22.17 | 4.05 |
B Right Real estate IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| B Right Real estate IPO Limited | 10 | [●] | 7.78 | 0.80 | 40.00 |
| Listed Peers | |||||
| Samor Reality Limited | 10 | [●] | 0.31 | 1.00 | 173.20 |
| Ratnabhumi Developers Limited | 10 | [●] | 0.12 | 0.48 | 17.60 |
B Right Real estate IPO Lead Managers
| Lead Managers |
| GRETEX CORPORATE SERVICES LIMITED Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street, Fort, Mumbai– 400001, Maharashtra, India. Tel No.: +91 22 4002 5273 / 96532 49863 Email: info@gretexgroup.com Website: www.gretexcorporate.com Contact Person: Ms. Dimple Magharam Slun SEBI Registration No: INM000012177 CIN: L74999MH2008PLC288128 |
B Right Real estate IPO Registrar to offer
| Registrar to the Offer |
| PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Lower Parel (East) Mumbai400011, Maharashtra, India. Tel No.: +91 022 2301 8261; Fax No.: +91 022 2301 2517 E-mail: support@purvashare.com Investor Grievance E-mail: support@purvashare.com Website: www.purvashare.com Contact Person: Ms. Deepali Dhuri SEBI Registration No.: INR000001112 CIN: U67120MH1993PTC074079 |
B Right Real estate IPO – Other Details
- Statutory Auditor – ADV & ASSOCIATES
- Legal Counsel to the Company – M/S. M. V. KINI LAW FIRM
- Bankers to the Company – YES BANK LIMITED
B Right Real estate IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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B Right Real estate IPO Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
B Right Real estate IPO Review FAQs
Check out various FAQs related to B Right Real estate IPO:
What is the Issue Size of B Right Real estate IPO?
The Company is making an initial public offer of 2,899,200 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of B Right Real estate IPO?
The price band for this particular IPO ranges between Rs.153. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the B Right Real estate IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jun 30, 2022, while the closing date is set at Jul 5, 2022.
What is the B Right Real estate IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jul 8, 2022, refund initiation is on Jul 11, 2022, credit of shares is on Jul 12, 2022, and share listing date is on Jul 13, 2022.
What is the B Right Real estate IPO Listing Date?
Shares of this company shall be listed in the exchanges Jul 13, 2022. The date, when the listing would be done, is stagnant on Jul 13, 2022.
Who is the Registrar of B Right Real estate IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of B Right Real estate IPO?
Here are the promoters of this IPO – Blow Sales LLP and Cheerful Dealtrade LLP. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of B Right Real estate IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is B Right Real estate IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of B Right Real estate IPO Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 58.44, 2020 is 86.57. PAT from Dec 202 is 72.3.
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