Diggi Multitrade IPO is all about to make its debut on 11 Dec 2017 with issue size of INR 3.38 Cr
Diggi Multitrade Limited, a 2014 incorporation, trades in real estate and related activities, including land and apartments. They invest in real estate by obtaining stakes in various developments, including those involving apartments and land, which they buy from developers and then resell to third parties for a profit that exceeds what they originally paid the developers.
They also deal in textiles and building supplies. They are involved in the trade of building materials, which they buy at the going rates in the market and sell for a profit of between 5% and 10%. The majority of the company’s operations are located around Mira Road and Naigaon, two suburbs of Mumbai.
INDUSTRY OVERVIEW
By 2020, it is expected that the Indian real estate market will be worth US$ 180 billion, with the housing industry contributing 5-6% to the GDP of the nation. The market size for this industry is anticipated to increase by 11.2% CAGR from FY08 to FY20. In order to address India’s infrastructure needs, other sectors including retail, hospitality, and commercial real estate are also growing. To manage risk and complete larger transactions, private equity funds and non-banking financial companies are increasingly partnering on real estate projects. The top three cities for commercial real estate investment are Bengaluru, Delhi-NCR, and Mumbai. India’s largest office market is in Delhi-NCR, where demand is driven by industries including IT, ITeS, retail, consulting, and e-commerce. India was the country with the most office space leased in Asia in 2015
Diggi Multitrade IPO Details
| IPO Date | Dec 11, 2017 to Dec 14, 2017 |
| Listing Date | Dec 22, 2017 |
| Face Value | ₹10 per share |
| Price | ₹13 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 2,600,000 shares(aggregating up to ₹3.38 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | |
| Total revenue | 1.1 | 60.3 | 206.9 | 100.3 | 187.6 | 183.1 |
| Total expenses | 1.0 | 57.8 | 201.9 | 103.9 | 178.7 | 144.9 |
| Profit after tax | 0.1 | 1.7 | 3.4 | -2.5 | 6.1 | 24.4 |
Objects of the Issue
The objects of the Issue are:
1. To meet the Incremental working capital requirements;
2. To meet the Issue Expenses.
Diggi Multitrade IPO Prospectus
Company Contact Information
Diggi Multitrade Limited
D-106, Crystal Plaza,
Opposite Infiniti Mall,
Link Road, Andheri (West), Mumbai � 400 053
Phone: +91 -22 -2674 4365
Email: info@diggimultitrade.com
Website: http://www.diggimultitrade.com
Diggi Multitrade IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: http://www.purvashare.com
Diggi Multitrade IPO Lead Manager(s)
- Gretex Corporate Services Pvt Ltd (Past IPO Performance)
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- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
