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Puranik Builders Limited
upcoming
TBAMin. investment
Puranik Builders Limited IPO Details
Issue size
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IPO type
Mainboard
RHP/DRHP
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IPO type
Regular
RHP/DRHP
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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.
Now, it is all set to launch the Puranik Builders IPO, which will be a combination of an offer for sale and a fresh issue. The money raised through the fresh issue of Puranik Builders Ltd IPO will be used for pre-payment or repayment of debt.
Frequently asked questions
How to invest in the Puranik Builders Limited ?
Investors can apply for the Puranik Builders Limited through their Demat account via the stock exchange or through their broker.
What is 'pre-apply' for Puranik Builders Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Puranik Builders Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Who is the registrar of Puranik Builders Limited ?
For Puranik Builders Limited, the IPO registrar is KfinTechnologies Limited. You can check Puranik Builders Limited allotment status on the website of the registrar.
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How to apply for IPOs on Upstox
Step 1
Go to www.upstox.com/ipo or open the Upstox mobile app and select the IPO you wish to apply for from the 'Open IPO' section
Step 2
Click on apply, enter the lot size, price and provide your UPI mandate.
Step 3
Approve the UPI mandate on your UPI app and you are all set!