Background of the Company (i) The Karda Group is a well established Nashik based group having its presence in the construction industry for more than two decades. The group was founded by our promoter Mr. Naresh Karda in year 1994. In the years following its inception the group concentrated on developing affordable housing in the residential segment and from year 2001 onwards, the group diversified into commercial segment. (ii) Our Company, Karda Constriction Limited was incorporated in 2007 with a view to corporatize the group’s activities in the real estate sector. Our Company is focused on quality and affordable developments. We believe we have an established brand and reputation, and a track record of developing innovative projects through our emphasis on contemporary architecture, strong project execution and quality construction in the real estate industry, for which our Company had received “Mega Builder of the Year” award of Divya Marathi in June 2013. Further our Promoter, Mr. Naresh Karda had also been awarded as “Business Icon of Nashik” by Lokmat in December 2014.
Karda Construction Limited IPO Stock Quote & Charts
(i) Mr. Naresh Karda, aged 45 years, is the Chairman and Managing Director of our Company. He is the promoter of our company. He is a diploma holder in Civil Engineering from Pravara Nagar Polytechnic, Maharashtra State Board. He has over 23 years of experience in the field of real estate & construction and has completed more than 36 projects and delivered 2,500 homes successfully in Nasik City. He has been awarded as the “Business Icon of Nasik” by Lokmat in 2014 and received the award from the hands of Chief Minister Mr. Devendra Fadnavis. He is responsible for providing disciplined and professional approach in his area of expertise i.e. Real Estate. He is also responsible for improving brand equity of our Company.
(ii) Mr. Manohar Karda, aged 46 years, is the Whole Time Director of our Company. He is an undergraduate. He has over 24 years of experience in the family business and around 9 years in the field of real estate & construction. He plays a crucial role in the purchase management of our Company. He is also responsible for various other day to day activities of our Company.
(iii) Mrs. Disha Karda aged 43 years, is the Executive Director of our Company. She is a Graduate from Gujarat University and has also done her B.Ed. from Annamalai University. She has an overall experience of around 10 years. She is responsible for day-to-day operation, which includes managing committees and staff as well as developing business plans in collaboration with the board of the company. Also responsible for making sure that contracts, insurance requirement and safety standards are correctly complied with.
Capital Structure:
Authorized Share Capital
(1,40,00,000 shares at FV@10)
14 cr
Issued, Subscribed,& Paid-up Share Capital Before Issue
(1,00,00,000 Shares at FV@10)
In continuation to the Exchange’s notice no. 20180328-42 dated Wednesday, March 28, 2018 Trading Members are hereby informed that the trading in the equity shares of Karda Constructions Limited (Scrip Code: 541161) shall be transferred from Trade for Trade segment (T Group) to Rolling segment with effect from April 16, 2018. Accordingly, the dealings in the equity shares of the company will be shifted under B Group.
Karda Constructions Limited (IPO)
shall be listed and admitted to dealings on the Exchange in the list of ‘T’ Group of Securities
Monday, April 02, 2018
the scrip will be in Trade-for-Trade segment for 10 trading days
BSE Code: 541161
NSE: KARDA
ISIN No: INE278R01018
—————————-
Sandhar Technologies Limited (IPO)
the Equity Shares of Sandhar Technologies Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities.
Monday, April 02, 2018
The company currently have 11 Ongoing and 3 Planned projects, which has expected total Carpet Area of
17,13,725 square feet. The company has strong presence in Nashik. Nashik’s realty market is geared for rapid growth going forward given its proximity to major cities like Mumbai and Pune and current saturation of the realty markets in both these cities. Another important factor likely to influence the
real estate growth of Nashik is its lower entry costs vis-a-vis Mumbai and Pune and attractive appreciation rates that have made it a haven for property investors.
Bid Details for KARDA as on 16-Mar-2018 12:25:00 IST
Sr. No Category No of Shares
offered/Reserved No of shares bid for No of times of total meant for the category
1 Qualified Institutional Buyers(QIBs) 4,30,000 0 0.00
1(a) Foreign Institutional Investors(FIIs) 0
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 0
1(c) Mutual funds 0
1(d) Others 0
2 Non Institutional Investors 17,20,000 57,040 0.03
2(a) Corporates 0
2(b) Individuals(Other than RIIs) 57,040
2(c) others 0
3 Retail Individual Investors(RIIs) 21,50,000 29,040 0.01
3(a) Cut Off 21,440
3(b) Price bids 7,600
Total 43,00,000 86,080 0.02
What to do in karda construction,alloted 2 lots in IPO?
You can sell and shift to Capacite Infra.
Thanks sir.
🔔 *BSE ANNOUNCEMENT* 🔔
In continuation to the Exchange’s notice no. 20180328-42 dated Wednesday, March 28, 2018 Trading Members are hereby informed that the trading in the equity shares of Karda Constructions Limited (Scrip Code: 541161) shall be transferred from Trade for Trade segment (T Group) to Rolling segment with effect from April 16, 2018. Accordingly, the dealings in the equity shares of the company will be shifted under B Group.
Karda Constructions Limited (IPO)
shall be listed and admitted to dealings on the Exchange in the list of ‘T’ Group of Securities
Monday, April 02, 2018
the scrip will be in Trade-for-Trade segment for 10 trading days
BSE Code: 541161
NSE: KARDA
ISIN No: INE278R01018
—————————-
Sandhar Technologies Limited (IPO)
the Equity Shares of Sandhar Technologies Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities.
Monday, April 02, 2018
BSE Code: 541163
NSE: SANDHAR
ISIN NO: INE278H01035
Aryaman => AVOID!
Due to small size IPO, it is expected to list positive with operators and speculators
icici 5-7 with almost negligible volume
sandhar 10-12 with no volume
karda 13-15 with less volume from @Dinesh Gupta
The company has good reputation in Nashik.
The company currently have 11 Ongoing and 3 Planned projects, which has expected total Carpet Area of
17,13,725 square feet. The company has strong presence in Nashik. Nashik’s realty market is geared for rapid growth going forward given its proximity to major cities like Mumbai and Pune and current saturation of the realty markets in both these cities. Another important factor likely to influence the
real estate growth of Nashik is its lower entry costs vis-a-vis Mumbai and Pune and attractive appreciation rates that have made it a haven for property investors.
The Company’s Return on Capital Employed is around 21%, RONW is 26% and ROE of 89% as on FY 16-17 which is excellent.
Bid Details for KARDA as on 16-Mar-2018 12:25:00 IST
Sr. No Category No of Shares
offered/Reserved No of shares bid for No of times of total meant for the category
1 Qualified Institutional Buyers(QIBs) 4,30,000 0 0.00
1(a) Foreign Institutional Investors(FIIs) 0
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 0
1(c) Mutual funds 0
1(d) Others 0
2 Non Institutional Investors 17,20,000 57,040 0.03
2(a) Corporates 0
2(b) Individuals(Other than RIIs) 57,040
2(c) others 0
3 Retail Individual Investors(RIIs) 21,50,000 29,040 0.01
3(a) Cut Off 21,440
3(b) Price bids 7,600
Total 43,00,000 86,080 0.02