Karda Constructions IPO
Karda Constructions Limited (KARDA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 02 April 2018.
Listed 2 Apr
Subscribed 2.54x
Listing gain -24.4%
Issue details
Price band
₹175–180
Issue price
₹180
Lot size
80 shares
Min. retail bid
₹14,400
Max. retail bid
13 lots (₹1,87,200)
Issue size
₹89.0 Cr
Face value
₹10
Bidding
16 Mar – 21 Mar 2018
Listing
02 Apr 2018
Retail quota
35%
Registrar
Bigshare Services Private Limited
Listing day
Listed at
₹136
-24.4% vs issue price ₹180
Day's high
₹143
-20.7% · low ₹129 (-28.2%)
Day's close
₹143
-20.7% · traded ₹14.4 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 4,30,000 | 6,66,800 | 1.55x | |
| NII (HNI) total | 17,20,000 | 59,13,920 | 3.44x | |
| Retail | 21,50,000 | 43,27,840 | 2.01x | |
| Total | 43,00,000 | 1,09,08,560 | 2.54x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 30% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Karda Constructions's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| S.P. ApparelsAug 2016 | 2.21x | 5.10x | 1.90x | 2.66x | ₹254 Cr | +2.6% | +7.7% |
| GTPL HathwayJun 2017 | 1.48x | 2.85x | 0.99x | 1.53x | ₹492 Cr | 0.0% | +2.9% |
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
| Infibeam IncorporationMar 2016 | 0.86x | 2.23x | 1.31x | 1.11x | ₹1,148 Cr | +4.9% | +8.1% |
| CL EducateMar 2017 | 3.65x | 0.21x | 1.63x | 1.90x | ₹239 Cr | -19.9% | -15.9% |
| Apex Frozen FoodsAug 2017 | 1.91x | 7.82x | 8.53x | 6.14x | ₹152 Cr | +15.4% | +21.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Aryaman Financial Services | 4 | +11.8% | 100% |
Offer documents (NSE)
Frequently asked
What is the Karda Constructions IPO price band and lot size? ₹175–180 per share, with a lot of 80 shares, so the smallest retail bid is ₹14,400.
How many times has it been subscribed? 2.54x overall: QIB 1.55x, NII 3.44x, retail 2.01x.
How did it list? It opened at ₹136, -24.4% against the issue price of ₹180, and closed its first day -20.7%.
Other IPOs of 2018
Dinesh EngineersGarden Reach Shipbuilders & EngineersAavas FinanciersIrcon InternationalHDFC Asset Management CompanyTCNS Clothing Co.Varroc EngineeringRITES
All 2018 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
