B-Right Real Estate Limited

Company Name	B-Right Real Estate Limited
Open Date	30-06-2022
Close Date	05-07-2022
Exchange	BSE SME
Lot Size	2000 Shares
Issue Price	₹ 67 per share
Issue Size	9,24,000 Equity Shares
Application Amount	₹ 1,34,000
Recommendation	Avoid

Company was incorporated in the year 2007 and is engaged the construction and development of residential and commercial projects. Company has opted a business model whereby the company Invests in its subsidiary LLP named B-Right Real Estate Ventures LLP and this LLP makes investment in various SPV (Special Purpose Vehicle) which is been incorporated for a Particular project. Each Real estate project has its own SPV and such SPV is closed upon completion of the project. Company’s subsidiaries are B-Right RealEstate Ventures LLP, BRV Leasing Andheri LLP, B-Right Realty Lonavala LLP, B-Right Housecon LLP, B-Right NY Esqure LLP, Jaliyan B-Right Developers LLP, B-Right Sejal Developers LLP, Darc Realty LLP, D.M. Realtors, Siddhivinayak Developers Kurar, Parth Construction.

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Summary of Financials (All financials in Lakh)

For the Period Ended	Dec-21	Mar-21	Mar-20
Total Assets	15,518.33	13,341.76	11,759.76
Net Assets	9,053.34	8,981.07	3,522.69
Total Borrowings	1,684.43	2,569.05	7,383.32
Total Revenue	115.95	118.77	147.04
Profit After Tax	72.27	58.37	85.03

Tentative Timeline

Opening Date	30-06-2022
Closing Date	05-07-2022
Basis of Allotment	08-07-2022
Initiation of Refunds	11-07-2022
Credit of Shares to Demat	12-07-2022
Listing Date	13-07-2022

Objects of the Issue

Meet working capital requirements

General corporate purposes

Contact Information

Registered Office	B Right Realestate Limited 702, 7th Floor, Shah Trade Centre, Rani Sati Marg, Malad East, 400097, Mumbai
Phone	+91 22 4603 5689
Email	info@b-rightgroup.com
Website	http://www.b-rightgroup.com/

Offer Documents

B-Right Real Estate Limited DRHP

B-Right Real Estate Limited RHP

Registrar Details

Name	Purva Sharegistry India Pvt Ltd.
Phone	+91-022-23018261/ 23016761
Email	support@purvashare.com
Website	https://www.purvashare.com/queries/

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	1,45,600 (5.02%)
Other Shares Offered	13,76,800 (47.49%)
Retail Shares Offered	13,76,800 (47.49%)
Total Shares Offered	28,99,200 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters)	99.98%
Post Issue Share Holding (Promoters)	71.92%