B-Right Real Estate Limited

Company Profile
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/

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%

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