Home  »  Rights Issue  »  Radhe Developers Rights Issue

Let’s have a detailed review of the company and analytics of the Radhe Developers Rights Issue offer open date, Term of payment, Radhe Developers Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Issue PriceRs [●]
Listing AtBSE
Min. Lot Size[●] Eq Shares
Record Date[●]
Issue Size (Rs.)Rs 75,540 Lakhs
Shares for Issue[●] Eq Shares
Rights entitlement[●] Rights Equity Shares for every [●] Equity Shares held on the Record
Date

Radhe Developers Rights Issue is listed at BSE. Check out the live share price by clicking on the below link.

Radhe Developers Share Price – Live Performance

Radhe Developers Rights Issue – Summary

Radhe Developers Rights IssueLate Chunibhai C. Patel, the original Founder of the Radhe Group, started a small civil contracting firm under the name of Chunibhai Patel & Co., Ahmedabad in the year 1960. Till the 1980s, this firm was considered as the Manchester of the Gujarat State wherein civil construction for the repute textile mills and other industrial units was undertaken under his leadership.

As a part of business growth, in the year 1995 their company was incorporated as ―Radhe Developers (India) Limited‖ on February 03, 1995, under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Gujarat.

The Promoter of this company is MR. ASHISHBHAI PRAFULBHAI PATEL, MRS. JAHNAVI ASHISH PATEL, MR. PRAFULBHAI CHUNIBHAI PATEL, MRS. MADHUBEN PRAFULBHAI PATEL AND MRS. NIKIBEN MITESHBHAI SHAH. The lead manager to the issue is FIRST OVERSEAS CAPITAL LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


Radhe Developers Rights Issue Date

The opening and the closing date of the IPO of Radhe Developers Limited are [●] and [●] respectively.


Radhe Developers Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

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.

Radhe Developers Rights Issue Dates

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

Issue Opening Date
[●]
Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements[●]
Issue Closing Date[●]
Finalizing the basis of allotment with the Designated Stock Exchange[●]
Record date[●]
Date of Allotment[●]
Credit of Shares to Demat Account[●]
Share Listing Date[●]

Radhe Developers Rights Issue Price

The face value of each share is Rs.10, but the Cash Price is Rs.[●] per Eq share. 


Radhe Developers Rights Issue Equity Size

This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs 75,540 Lakhs.


Radhe Developers Rights Issue – 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 – Radhe Developers Share Price

Radhe Developers Rights Issue – Company Overview

They have established a track record of successfully executing projects in Ahmedabad, Gandhinagar, and Mehsana, Gujarat. As of October 30, 2021, they had developed 1,26,529.52 square meters (13.61 Lacs square feet) of Developable Area across 8 Completed Projects.

They believe that their deep understanding of the relevant real estate market, design and execution capabilities, and the strong Radhe brand and extensive marketing initiatives have enabled them to successfully grow their business. Certain of their key completed and ongoing projects include Takshashila Apartments, Mandar Bunglows, Tirthbhumi Apartments, Tirthdham Apartments, Tulsi Complex, Ganesh Plaza, Abhinav Arcade, Radiance Residency, Radhe Acre, Radhe Serene, Emerald Park.

Their Company proposes to acquire Land Reserves directly for certain projects. Their Land Reserves shall comprise land on which no development activity has commenced and no plan for development has been initiated but which they intend to develop in the future, subject to various factors including marketability, receipt of regulatory clearances, and development of adequate infrastructure.


Radhe Developers Rights Issue – 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)
30-Sep-2131-Mar-2131-Mar-20
Total Assets
*Total Revenue1473.3488.85387.11
Total Expense
Profit After Tax837.89(291.11)(190.83)

Earnings per Equity Share (in Lakhs)

30-Sep-2131-Mar-2131-Mar-20
Basic3.33(1.16)(0.76)
Diluted3.33(1.16)(0.76)

Radhe Developers Rights Issue – Promoters

The Promoters of this company are:

  1. MR. ASHISHBHAI PRAFULBHAI PATEL,
  2. MRS. JAHNAVI ASHISH PATEL,
  3. PRAFULBHAI CHUNIBHAI PATEL,
  4. MRS. MADHUBEN PRAFULBHAI PATEL
  5. MRS. NIKIBEN MITESHBHAI SHAH

List of Related Parties (Key Managerial Personnel)

  • Ashishbhai Prafulbhai Patel, Chairman, CEO & Managing Director
  • Jahnavi Ashish Patel, Non-Executive Director
  • Alok Hrishikesh Vaidya, Non-Executive Director
  • Bharat Sakarlal Pandya, Independent Director
  • Tusharkumar Kalidas Patel, Independent Director
  • Rahul Krishkumar Mehra, Independent Director

Radhe Developers Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to X Equity Shares
Rights Entitlement[●]
Record Date[●]
Issue Price per Rights Equity SharesRs.[●]/-
Issue SizeUp to X  Equity Shares of the face value of Rs 2 each for cash at a price of Rs [●] per Rights Equity Share up to the amount of Rs 75,540 Lakhs
Equity Shares issued, subscribed, and paid up prior to the Issue2,51,79,900 Equity Shares
Equity Shares subscribed and paid-up after the IssueUp to 3,77,69,850 Equity Shares

Radhe Developers Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Acquisition of land, land development rights, or development rights (directly or indirectly) for their Forthcoming Identified projects and Their Forthcoming Joint Development Project;
2. To acquire running Hotel business with property, other assets, and liabilities; and
3. General corporate purposes

Radhe Developers – Business Strategy

  • Extensive land reserves with long term growth potential, principally located in one of the most attractive and profitable real estate markets in India
  • Consolidate their position as a prominent real estate developer in the Ahmedabad
  • Focus on premium Residential Plotting Projects
  • Expand the Business in a new location
  • Widen the type of project
  • Development of projects through joint development Model
  • Focus on Performance and Project Execution
  • Continue their Focus on a Diversified Business Model

Radhe Developers Rights Issue Lead Managers

Lead Managers
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street, Fountain, Mumbai – 400 001,
Maharashtra, India
Tel No.: +91 22 4050 9999
Fax No.: N.A.
Email: satish@focl.in/ mala@focl.in/
Investor Grievance Email: investorcomplaints@focl.in
Website: www.focl.in
SEBI Registration No: INM000003671
Contact Person: Mr. Satish Sheth / Ms. Mala Soneji

Radhe Developers Issue Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Buidling,
Opp Vasant Oasis, Makwana Road,
Marol, Andheri (East), Mumbai – 400059
Tele No.: +91 22 62638200
Email: rightsissue@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Mr. Ashish Bhope
SEBI Registration Number: INR000001385

Radhe Developers Issue Details

  • Statutory Auditor – M/s. H. K. Shah & Co., Chartered Accountants
  • Legal Counsel to the Company – M/S S.V. RAJU ASSOCIATES
  • Bankers to the Company – HDFC BANK LIMITED, and BANK OF INDIA LIMITED 


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    Radhe Developers Limited Rights Issue News

    News 1 – Radhe Developers Rights Issue Draft Download

    News 2 –  Radhe Developers RI Letter of Offer


    Radhe Developers Rights Issue Review FAQs

    Where to download Radhe Developers Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Radhe Developers Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for Radhe Developers Issue?

    Application forms of Radhe Developers Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose either online or offline mode to submit it.

    How to check Radhe Developers Rights Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the Radhe Developers Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is the Radhe Developers Rights Issue price per share?

    Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.NA per Equity Share through Radhe Developers Rights Issue.

    Who is the registrar to Radhe Developers Rights Issue?

    Registrar, as chosen by Radhe Developers is BIGSHARE SERVICES PRIVATE LIMITED. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When the Radhe Developers Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the Radhe Developers Rights Issue is all set to open on NA.

    When the Radhe Developers Rights Issue is closing?

    While the offer would open on NA, it is most likely scheduled to close on NA. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the Radhe Developers Issue.

    What is the Radhe Developers Issue size?

    Radhe Developers Issue is a proposal to raise NA Equity shares, aggregating to Rs NA Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is the Radhe Developers Lead manager?

    A designated underwriter or lead manager of Radhe Developers Rights Issue is FIRST OVERSEAS CAPITAL LIMITED. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of the Radhe Developers Issue?

    There are a bunch of important dates regarding the Radhe Developers Rights Issue, which you need to know about. The priority should be the Record Date of NA., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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