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Park Smart Solutions Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on July 20, 2024 to raise funds through Initial Public Offer (IPO).
Park Smart Solutions Ltd. IPO is a Fixed Price Issue
The equity shares are proposed to be listed on the BSE SME. Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Park Smart Solutions IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 27,000 shares Black Fox Financial Pvt.Ltd. (aggregating up to ₹0.3780 Cr) |
| Net Offered to Public | 5,40,000 shares (aggregating up to ₹7.56 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 14,62,080 shares |
| Share Holding Post Issue | 20,02,080 shares |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| NII Shares Offered | 50% of the net offer |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sat, Jul 20, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2019, Park Smart Solutions Limited is engaged in the execution of turnkey Multi-Level Car Parking Solutions, including Design, Engineering, Supply, Installation & Commissioning (I&C), as well as Operation and Maintenance (O&M) of automatic Multi-Level Car Parking Systems.
These systems are widely preferred by residential complexes, shopping malls, and commercial buildings.
Park Smart Solutions Limited offers comprehensive parking solutions by providing engineering, procurement and construction (EPC) services, along with O&M services. The company’s portfolio includes various types of parking systems such as:
As on the date of the Draft Prospectus, Park Smart Solutions Limited holds an unexecuted order book of ₹8,080.94 lakhs, which includes ₹5,658.84 lakhs from L. T. Elevator (P) Limited and ₹2,422.10 lakhs from direct clients.
Manufacturing Facility: Village: Chak Chatta, P.O.: Raipur, Maheshtala, South 24 Parganas – 700141, West Bengal, India.
Park Smart Solutions Limited employs a total of 42 personnel, including Directors.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 14.5 | 6.12 | 4.98 |
| Total Income | 15.6 | 7.44 | 6.12 |
| Profit After Tax | 1.5 | 0.91 | 0.24 |
| Net Worth | 6.08 | 1.75 | 0.85 |
| Reserves and Surplus | 4.62 | 1.33 | 0.43 |
| Total Borrowing | 3.07 | 1.94 | 2.62 |
| Amount in ₹ Crore | |||
The market capitalization of Park Smart Solutions IPO is ₹28.03 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| Debt/Equity | 0.51 |
| RoNW | 24.63% |
| PAT Margin | 9.59% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.24 | 7.48 |
| P/E (x) | 13.67 | 18.72 |
The Company Park Smart IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | To meet Working Capital Requirements. | 59.65 |
| 2 | To meet the Issue Expenses. | 10.95 |
| 3 | General Corporate Purposes. | 5 |
Park Smart Solutions Ltd.
Capricorn Nest, 3, Gobinda Auddy
Road, P.O. Alipore, Kolkata
700027, West Bengal, India
Kolkata, West Bengal, 700027
Phone: +91 33 24480447
Email: cs@ltparksmart.com
Website: http://www.ltparksmart.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Park Smart Solutions IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The Park Smart Solutions IPO open and close dates are not available as of now.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Park Smart Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Park Smart Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Park Smart Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Park Smart Solutions IPO dates are not announced. Please check back again after some time.
Park Smart Solutions IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in Park Smart Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Park Smart Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Park Smart Solutions IPO allotment status.
The Park Smart Solutions IPO listing date is not yet announced. The tentative date of Park Smart Solutions IPO listing is [.].
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