Karda Constructions Limited IPO
Karda Constructions Limited was a mainboard IPO, offered at ₹175–₹180 per share to raise ₹77 crore. The issue was subscribed 2.54× overall (QIBs 1.55×, NIIs 3.44×, retail 2.01×). It listed on 2 Apr 2018 at ₹136 and closed its first day at ₹143, a listing loss of -20.7% versus the ₹180 issue price.
Frequently asked questions
- How many times was the Karda Constructions Limited IPO subscribed?
- The Karda Constructions Limited IPO was subscribed 2.54× overall — 1.55× in the QIB category, 3.44× among non-institutional investors, 2.01× in retail.
- What were the Karda Constructions Limited IPO listing gains?
- Karda Constructions Limited listed on 2 Apr 2018 at ₹136, closing its first day at ₹143 — a listing loss of -20.7% versus the ₹180 issue price.
- What were the retail allotment odds for the Karda Constructions Limited IPO?
- Retail was subscribed 2.01×, so a single-lot application had roughly a 49.8% chance of allotment (about 1 in 2), and allotment was finalised on 27 Mar 2018.
- What was the price band and lot size of the Karda Constructions Limited IPO?
- The price band was ₹175–₹180 per share, with a minimum lot of 80 shares (₹14,400 at the upper band).
- Who were the registrar and lead manager for the Karda Constructions Limited IPO?
- Bigshare Services Private Limited was the registrar, and Aryaman was the book-running lead manager.