Jaikumar Constructions IPO Review, Dates, Allotment, Size, Bid Details, GMP & RHP

Let’s have a detailed review of the company and analytics of the Jaikumar Constructions Limited IPO release date, IPO offer price, subscription, Jaikumar Constructions IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Jaikumar Constructions IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.4/10
Industry Ranking7.1/10
Company Background8.2/10
Company Reputation7.7/10
Competitive Edge7.2/10
Financial Statements8.0/10
Popularity Index7.6/10
Promoters Reputation8.0/10
Retail Appetite7.5/10
Top Brokers Review8.1/10
Overall Ratings7.5/10
Star Ratings★★★★☆

Summary of Jaikumar Constructions IPO

Jaikumar Constructions IPO

They have concentrated on developing luxury, yet affordable, housing in the residential segment and have recently ventured into development of commercial projects in Nashik.

They believe they have an established reputation and a track record of developing eco-friendly and luxurious projects through their emphasis on maximum compliance, contemporary architecture, modern amenities, strong project execution and quality construction in the real estate industry.

From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements

  • As per their Special Purpose Restated Standalone Financial Information, they have grown their revenue at a CAGR of 21.46% from Rs.8,457.46 lakhs to Rs.15,153.57 lakhs in Fiscal 2017 to Fiscal 2019 respectively.
  • Their earnings before interest, tax, depreciation and amortization (“EBITDA”) for the period ended January 15, 2020 and for the Financial years ended March 2019, 2018 and 2017 was Rs.1,306.25 lakhs, Rs.2,135.77 lakhs, Rs.1,469.10 lakhs and Rs.1,487.95 lakhs respectively.
  • Their Profit after Tax had been recorded at Rs.799.35 lakhs, Rs.1,277.05 lakhs, Rs.890.01 lakhs and Rs.1,044.16 lakhs for the period ended January 15, 2020 and for the fiscals 2019, 2018 and 2017 respectively.

The Promoter of this company is MR. MANOJ TIBREWALA. The lead managers to the issue are ARYAMAN FINANCIAL SERVICES LIMITED, GALACTICO CORPORATE SERVICES LIMITED. The Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.



Jaikumar Constructions IPO Dates / Launch Date

The opening and the closing date of Jaikumar Constructions IPO is not known yet.


Jaikumar Constructions IPO Subscription 

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Jaikumar Constructions 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 disclosed till now.

Jaikumar Constructions IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Jaikumar Constructions IPO Price Band / Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is [●]. 


Jaikumar Constructions IPO Size

This Initial Public Issue of 79,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakhs.


Jaikumar Constructions IPO Share Offering

Issue: The Fresh Issue of 79,00,000 Equity Shares by their Company of Rs.10 each at a price of [●] per equity share aggregating to Rs.[●] lakh


Jaikumar Constructions IPO – Company Overview

Their Company, Jaikumar Constructions Limited, is a well established real estate developer from Nashik operating under the name “Parksyde”. Their Company is promoted by Mr. Manoj Tibrewala and family who have a presence in the real estate sector for over two decades.

Their Company was originally incorporated as a Limited Liability Partnership in the name and style of Jaikumar Constructions LLP on November 23, 2012 and was subsequently converted into a “Public Limited” on February 21, 2020.

Jaikumar Constructions Successful Deliveries

As on the date of this Draft Red Herring Prospectus, their Company and their subsidiary (JREPL) have constructed and delivered possession of approximately 6.93 lakhs sq. ft. and 4.50 lakhs sq. ft. of carpet area of residential units, respectively (which translates into a constructed area i.e. FSI and non-FSI area, of 9.03 lakhs sq. ft. and 5.95 lakhs sq. ft., respectively).

Jaikumar Constructions – Area of Business

Their Company, including their subsidiary has undertaken a significant amount of construction which makes them an important real estate player of Nashik. As on date, their Company has completed 5 out of 7 phases (consisting of having 17 out of 27 buildings) of its Parksyde Homes project, spread across an area of approximately 18 acres.

Further, their subsidiary, Jaikumar Real Estate Pvt. Ltd., has in the past completed the Parksyde Residences project, spread across an area of approximately 7.74 acres having 11 buildings in the year 2017.

Jaikumar Constructions IPO & Ongoing Projects

Their ongoing residential projects includes 2 phases of Parksyde Homes & 1 commercial project under their Subsidiary Company namely Parksyde Business Avenue and their planned residential project includes 3 phases of Parksyde Nest, wherein they expect to provide an estimated total carpet area of 9.90 lakhs sq. ft. (i.e. 13.31 lakhs sq. ft. of constructed area).

Jaikumar Constructions Focus and Capabilities

Their customer-centric business model focuses on designing and developing their products to address consumer needs across price points. They have capabilities to deliver a project from conceptualization to completion with fast turnaround time from acquisition to launch to completion, which focuses on de-risking and improving their return on investment.

They streamline their supply chain and construction processes with an aim to develop high quality products consistently and in a timely and cost efficient manner.

Jaikumar Constructions Limited: Business strategies

  • Continued focus on large developments in Nashik
  • Continue to strengthen relationships with key service providers and take benefit of scalability by outsourcing model
  • Focus on Meticulous Design of their Projects
  • Continue to maintain a low debt balance sheet
  • Flexibility in capital investment and mode of development

Jaikumar Constructions Ltd – Financial Statements

On the basis of Standalone statement:

Amount (in INR & Lakhs)
31-March-20
Total Assets10,139.54
Total Revenue5,659.17
Total Expense4,394.29
Profit After Tax792.81

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
31-March-20
Basic & Diluted3.97

Jaikumar Constructions IPO – Promoters

The Promoter of this company is:

  • MR. MANOJ TIBREWALA

List of Related Parties (Key Managerial Personnel)

  • Ms. Neha Rane, Company Secretary and Compliance Officer
  • Mr. Prashant Borse, Chief Operating Officer
  • Mr. Bhojraj Ayer, Chief Financial Officer

Interest in promotion of the Company

Their Promoter is interested in their Company to the extent that he has promoted their Company and to the extent of his shareholding and the dividend payable, if any and other distributions in respect of the Equity Shares held by him.


Jaikumar Constructions IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares OfferedUp to 79,00,000 Equity Shares, aggregating up to Rs.[●] lakhs
 Of which:
QIB CategoryUpto [●] Equity Shares (not more than 50%)
Non-Institutional Portion
Retail PortionUpto [●] Equity Shares (not less than 15%)
Net Offer to PublicUpto [●] Equity Shares (not less than 35%)
 Equity Shares outstanding prior to the Issue2,00,00,000 Equity Shares
 Equity Shares outstanding after the Issue2,79,00,000 Equity Shares

Jaikumar Constructions IPO Issue Object

Their Company intends to utilize the Net Proceeds for the following Objects:

a) Development of their residential project – “Parksyde Nest (Phase 1)”;
b) Further Investment in their subsidiary for part-financing the construction of “Parksyde Business Avenue”
c) Repayment of their outstanding unsecured loans; and
d) General Corporate Purposes.

Jaikumar Constructions Limited: Competitive Strength

  • Qualified and experienced management team
  • Their proven execution track record
  • Prominent presence in Nashik
  • Established name and reputation
  • Cash flow visibility through ongoing and planned projects & land reserves
  • Ability to create projects which redefine the surrounding geography and create value

Jaikumar Constructions IPO – Basis of the Offer Price

The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.

Jaikumar Constructions IPO Qualitative factors

  • Qualified and experienced management team
  • Their proven execution track record
  • Prominent presence in Nashik
  • Established brand and reputation
  • Ability to create projects which redefine the surrounding geography and create value

Jaikumar Constructions IPO – Quantitative Factors

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-1720.88208.83%
31-Mar-1817.80178.00%
*31-Mar-196.7963.85%10.00
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.[●] per each
ParticularsP/E ratio
Highest79.0
Average21.8
Lowest0.70

Jaikumar Constructions Limited: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)NAV per share (Rs.)
Jaikumar Constructions Limited10[●]6.7963.73%10.00
Listed Peers
Kolte-Patil Developers Limited1014.0210.4710.06%104.03
Arihant Superstructures Limited1029.660.592.12%27.68
Prestige Estates Projects Limited1017.817.716.80%113.33
Karda Constructions Limited1015.549.7812.83%76.62

Jaikumar Constructions IPO Lead Managers

Lead Managers
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Tel: +91 – 22 – 6216 6999
Email: ipo@afsl.co.in, Website: www.afsl.co.in
Investor Grievance Email: feedback@afsl.co.in
Contact Person: Mr. Pranav Nagar / Mr. Vimal Maniyar
SEBI Registration No.: INM000011344GALACTICO CORPORATE SERVICES LIMITED
2nd Floor, Shree Gurudev Tower, Canada Corner, Nashik – 422 002.
Tel: +91 – 253 – 2319714, Email: info@galacticorp.com
Website: www.galacticocorp.com
Investor Grievance Email: investorgrievance@galacticocorp.com
Contact Person: Mr. Ajinkya Joglekar
SEBI Registration No.: INM000012519

Jaikumar Constructions IPO Registrar to Offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol,
Andheri East,Mumbai – 400 059
Tel: +91 – 22 – 6263 8200;
Email: ipo@bigshareonline.com;
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com;
Contact Person: Mr. Babu Raphael
SEBI Registration No.: INR000001385

Jaikumar Constructions IPO – Other Details

  • Statutory Auditor – M/s. A. S. BEDMUTHA & CO., CHARTERED ACCOUNTANTS
  • Legal Counsel to the Company – M/S. KANGA & COMPANY (ADVOCATES & SOLICITORS)
  • Bankers to the Company – [●]

Jaikumar Constructions IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Jaikumar Constructions IPO Grey Market Premium

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Jaikumar Constructions IPO News

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