Fixed Price IPO | ₹[.] Cr | Listing at BSE SME |
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 | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sat, Jul 20, 2024 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| NII Shares Offered | 50% of the net offer |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
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 | 14.50 | 6.12 | 4.98 |
| Total Income | 15.60 | 7.44 | 6.12 |
| Profit After Tax | 1.50 | 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital Requirements. | 5.96 |
| 2 | To meet the Issue Expenses. | 1.10 |
| 3 | General Corporate Purposes. | 0.50 |
| KPI | Mar 31, 2024 |
|---|---|
| Debt/Equity | 0.51 |
| RoNW | 24.63% |
| PAT Margin | 9.59% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.24 | 7.48 |
| P/E (x) | 13.67 | 18.72 |
| Promoter Holding | 87.4% | |
| Market Cap | ₹28.03 Cr. |
Lead Manager Reports
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 listing is .
