About Puranik Builders IPO
As the demand for real estate properties remains strong, developers are queuing up to raise money through the IPO route. After Keystone Realtors, now 31-year-old Puranilk Builders is planning to launch its public issue. It is one of the prominent residential real estate developers in Mumbai Metropolitan Region (MMR) and Pune Metropolitan Region (PMR).
After starting its operations in Thane in 1990, the real estate developer has diversified into other micro-markets within the MMR and the PMR. It has completed 39 projects over the years.
Currently, it is developing residential projects in the mid-income affordable housing segment in these regions. The realtor has 29 ongoing projects and 13 forthcoming projects under the Puraniks brand.
Here are the key details about the Puranik Builders IPO:
Here’s a quick look at Puranik Builders IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threats
Puranik Builders IPO details
| Puranik Builders IPO date
The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The Puranik Builders IPO’s opening date – in other words, the Puranik Builders IPO launch date – hasn’t been announced yet. The Puranik Builders IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the Puranik Builders shares allotment date.
Investors, who receive allotment, can expect them to be credited in their demat account after the allotment date. Besides this, the Puranik Builders IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the Puranik Builders IPO.
| Puranik Builders IPO Price Band
The Puranik Builders IPO is a book-built issue. The Puranik Builders IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the Puranik Builders IPO opens, interested investors will have to choose a price within the band to apply for the public issue.
Also, the Puranik Builders IPO listing price will be determined on the listing date. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Puranik Builders IPO Lot size
The Puranik Builders IPO details haven’t been declared. Hence, the Puranik Builders IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, the Puranik Builders IPO issue size has been declared yet.
How to pre-apply for the Puranik Builders IPO?
You can pre-apply for the Puranik Builders IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
How to apply for the Puranik Builders IPO?
If you are interested in this investment opportunity but unsure how to apply for the Puranik Builders IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Puranik Builders IPO on Upstox:
How to check the Puranik Builders IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Puranik Builders IPO allotment status:
Open a demat account with Upstox to apply for the Puranik Builders IPO
To apply for the Puranik Builders IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Puranik Builders IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Puranik Builders IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Puranik Builders IPO means applying for this public issue before it goes live. However, pre-apply for the Puranik Builders IPO isn’t open currently.
The pre-apply for the Puranik Builders IPO will begin two days before its launch date. After pre-applying, once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Puranik Builders IPO opens for subscription.
The dates for the Puranik Builders IPO haven’t been announced yet.
The details about the lot size haven’t been announced yet.
The price band for the Puranik Builders IPO isn’t available currently.
The size of the Puranik Builders IPO has not been announced yet.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
The date for crediting Puranik Builders shares to the demat account has not been announced yet.
Puranik Builders shares will on NSE and BSE
The listing date has not been announced yet.