Monday, May 20, 2024

B Right Real Estate Ltd.’s Public Issue Opens on 30th June 2022

B Right Real Estate Ltd., a Mumbai based reputed Real Estate and Construction company, is coming out with an Public Issue of 28,99,200 Equity shares of ₹ 10 each for cash at a price of ₹153 per Equity share including premium of ₹ 143 per share aggregating to ₹ 44.35 Cr. The shares will be listed on SME platform of BSE Ltd. Issue opens on 30th June, 2022 and closes on 5th July,2022. Gretex Corporate Services Ltd. is the sole lead manager and Registrar to the Issue is Purva Share Registry Pvt. Ltd.

B Right Group has successfully constructed and delivered 4,00,000+ sq. ft of constructed projects. The group operates under 2 broad business divisions – Construction and Leasing. Professionally managed by a group of Chartered Accountants having 30+ years of driving force and leadership experience.

Helmed by Mr. Sanjay Shah, a Chartered Accountant and a commerce graduate who has 18+ years of professional experience, B-Right Real Estate Ltd. has an unprecedented track record of timely payments of interest and repayment of principal. 

Speaking about the company’s future, Mr. Paras Desai, Managing Director added “Our Company may also enter into project specific joint ventures or partnerships with other companies to enhance our credentials. We are working continuously to strengthen our infrastructure, enhance our presence and build capabilities to execute end to end projects on our own”. 

The company has a Professional management and board of Directors. The Group’s expertise lies in timely completion and delivery of projects. The company’s niche focus lies in constructing residential / commercial properties and SRA projects and it also has hands on experience in successfully turning around distressed and disputed projects.

Company has very low debt equity compared with peers,whereby ability to raise finance will be possible. 

The Group’s expertise lies in timely completion and delivery of projects. The company’s niche focus lies in constructing residential / commercial properties with timely delivery.

B-Right Realestate Ltd. (BRL) is an integrated construction and real estate development company, focused primarily on the construction and development of residential and commercial projects, in and around Mumbai. It believes that it has established a successful track record in the real estate industry in Mumbai, by developing versatile projects through a focus on innovative architecture, strong project execution and quality construction. 

BRL has opted for a business model whereby it invests in its own subsidiary LLP named B-Right RealEstate Ventures LLP and this LLP makes investments 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.  Till today such a business model has been proven to be successful.

B-Right has been actively looking at stressed Realestate projects and companies including HDIL, and have qualified in bidding process for HDIL.

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