Shop No. 47, Shalibhadra Regency, Shalibhadra Nagar, 100 Feet Road, Behind Union Bank, Palghar, Maharashtra - 401209
Phone: 3298331

Public Issue of 1756000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 18.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
30/09/202009/10/202028.00 -
Lead Managers Registrar Listed at
CAPITALSQUARE ADVISORS PVT. LTD.
PURVA SHAREGISTRY INDIA PRIVATE LIMITED
9, Shiv Shakti Industrial Estate,
JR Boricha Marg,, Opp. Kasturba Hospital,
Mumbai, Maharashtra - 400011
Phone: 23018261 Fax: 23012517
BSE
Object of the issue

The Issue includes a fresh Issue of 17,56,000 Equity Shares of the Company at an Issue Price of Rs. 28 per Equity Share.

We intend to utilize the issue proceeds to meet the following objects:

I. To Meet the Short term Working Capital Expenses,
II. General corporate purpose,
III. To Meet the Issue Expenses.

Project Cost
(Rs. in Crs.)
ISSUE EXPENSES0.26
WORKING CAPITAL REQUIREMENTS4.00
GENERAL CORPORATE EXPS.0.66
TOTAL COST4.92
Means of Finance
(Rs. in Crs.)
PUBLIC ISSUES4.92
TOTAL COST4.92
Promoted by

The Promoters of the Company are :

1. Mr. Vijaybhai Vagjibhai Bhanshali
2. Mrs. Anita Bhanshali
3. Mr. Vinod Mohanlal Jain
4. Mr. Mukesh Chunnilal Jain
5. Mr. Abhishek Mukesh Jain
6. Mr. Priyank Chandrakant Parikh

1. Mr. Vijaybhai Vagjibhai Bhanshali : Mr. Vijaybhai Vagjibhai Bhanshali, aged about 47 years, is the Managing
Director and Promoter of the Company. He is non-matriculate by education. He is the founder of the company and he is on the board since incorporation. He has more than 15 years of experience in all facets of real estate development. He has been instrumental in taking major policy decision of the Company. His leadership abilities have been instrumental in leading the core team of the Company. He is responsible for the overall management of the Company and oversees a gamut of activities from corporate strategic planning to decision making. He is also Proprietor of Bhanshali Colors. He is also the director of the only subsidiary Veer Finance Ltd. He is also well experienced in the field of sales, marketing and
finance.

Permanent Account Number: AEHPB5355G
Aadhar No.: 5520 0592 5433
Voter’s identification card No.: WEH3070059
Driving License No.: MH01 20110008219

2. Mrs. Anita Bhanshali : Mrs. Anita Bhanshali, aged 43 years, she is one of the Promoter of the Company. She has approximately 8 years of experience in the real estate business. She is non-matriculate by education. She is also a proprietor in Bhanshali Traders.

Permanent Account Number: ARZPB1209L
Aadhar No.: 7462 7402 7934
Voter’s identification card No.: WEH3119682

3. Mr. Vinod Mohanlal Jain : Mr. Vinod Mohanlal Jain, aged 44 years, is the Promoter and Non-Executive Director of the Company. He is non-matriculate by education. He is also a proprietor of Vandana Chandeliers. He is having of experience of more than 15 years in real estate industry. He is mainly responsible for identification of projects, purchase of FSI.

Permanent Account Number: ADHPJ7381B
Aadhar No.: 9827 4490 0528
Voter’s identification card No.: WCS3250230
Passport No.: Z2289631
Driving License No.: MH02 20130032828

4. Mr. Mukesh Chunnilal Jain : Mr. Mukesh Chunnilal Jain, aged 52 years, is the promoter of the Company. He is non-matriculate by education. He is also a partner in Shree Nakoda Marbles, Star Builders, Mahavir Manav Realtors, Shiv Shakti Corporation, Shree Ganesh Ventures, Parshwanath Realtors, Nakoda Colours (HUF), Newan Builders and Shree Ganesh Builders. He has an overall experience of more than 30 years in real estate and marble business.

Permanent Account Number: ADFPJ2912A
Aadhar No.: 5540 9631 4454
Voter’s identification card No.: MT/09/061/0814761
Passport No.: K6968119
Driving License No.: MH04 19940015280

5. Mr. Abhishek Mukesh Jain : Mr. Abhishek Mukesh Jain, aged 26 years, is the Director and Chief Financial Officer of the Company. He is associated with the company as a Chief Financial Officer since August 06, 2020. He holds a Master of Business Administration (MBA) degree in Finance from University of Mumbai. He is also a partner in Parshwanath Realtors. He has experience in real estate business since 2018. He has more than 2 years of experience in the field of sales, marketing and finance.

Permanent Account Number: AVMPJ8511E
Aadhar No.: 7387 2842 3546
Passport No.: K6968400
Driving License No.: MH48 20120017368

6. Mr. Priyank Chandrakant Parikh : Mr. Priyank Chandrakant Parikh, aged 29 years, is the promoter of the Company. He holds a degree in Bachelor of Commerce from Mumbai University. He is involved in the company since incorporation. He is also a Proprietor of Arihant Enterprises. He has an overall experience in the field of real estate business since 2012. He is responsible to supervise and monitor the project sites.

Permanent Account Number: BBAPP3128C
Aadhar No.: 9142 5859 9206
Voter’s identification card No.: YJE7940596
Passport No.: P2030175
Driving License No.: MH04 20110032548