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Shantidoot Infra IPO is a fixed price issue of ₹4.02 crores. The issue is a combination of fresh issue of 0.02 crore shares aggregating to ₹2.01 crores and offer for sale of 0.02 crore shares aggregating to ₹2.01 crores.
Shantidoot Infra IPO bidding started from Sep 6, 2022 and ended on Sep 9, 2022. The allotment for Shantidoot Infra IPO was finalized on Sep 14, 2022. The shares got listed on BSE SME on Sep 19, 2022.
Shantidoot Infra IPO price is ₹81.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,29,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,59,200.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Shantidoot Infra IPO RHP for detailed Information.
| IPO Date | September 6, 2022 to September 9, 2022 |
| Listing Date | September 19, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 4,96,000 shares (aggregating up to ₹4.02 Cr) |
| Reserved for Market Maker | 25,600 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.2074 Cr) |
| Fresh Issue (Ex Market Maker) | 2,22,400 shares (aggregating up to ₹1.80 Cr) |
| Offer for Sale | 2,48,000 shares of ₹10 (aggregating up to ₹2.01 Cr) |
| Net Offered to Public | 4,70,400 shares (aggregating up to ₹3.81 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 15,50,000 shares |
| Share Holding Post Issue | 17,98,000 shares |
Shantidoot Infra Services IPO offers total 4,96,000 shares. Out of which 2,35,200 (47.42%) allocated to NII, 2,35,200 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 25,600 (5.16%) |
| NII (HNI) Shares Offered | 2,35,200 (47.42%) |
| Retail Shares Offered | 2,35,200 (47.42%) |
| Total Shares Offered | 4,96,000 (100.00%) |
Shantidoot Infra IPO opens on September 6, 2022, and closes on September 9, 2022.
| IPO Open Date | Tue, Sep 6, 2022 |
| IPO Close Date | Fri, Sep 9, 2022 |
| Tentative Allotment | Wed, Sep 14, 2022 |
| Initiation of Refunds | Thu, Sep 15, 2022 |
| Credit of Shares to Demat | Fri, Sep 16, 2022 |
| Tentative Listing Date | Mon, Sep 19, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 9, 2022 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,29,600 |
| Retail (Max) | 1 | 1,600 | ₹1,29,600 |
| HNI (Min) | 2 | 3,200 | ₹2,59,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2019, Shantidoot Infra Services Limited is a specialized provider of construction services to the education, healthcare and hospitality sectors. The company is headquartered in Patna and currently operating a business in the Indian states of Bihar and Jharkhand.
Shantidoot Infra Services Limited also carry out projects of re-designing, re-modelling and renovating institutions as per the need of the clients. The company categorises the projects mainly into the government sector and the Private sector. The company secure private sector contracts, in general, through one-to-one negotiation and Government contracts through bids as per the public notice issued by government departments.
The projects undertaken by the company are the Renovation of the Kerua Pond scheme Under M.I. Division Nalanda on Block-Giriyak, Sarmera and Silao (Government projects) and Gautam Institute of Nursing, Gautam Institute of Pharmacy, Mata Sushila Institute of Education, Shantidoot Hospital, among other (Private projects).
Competitive Strengths :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 66.08 | 219.33 | 2.81 | 7.81 | 2.81 |
| 31-Mar-21 | 186 | 415.81 | 8.53 | 16.34 | 11.34 |
| 31-Mar-22 | 352.65 | 762.13 | 140.39 | 156.73 | 151.73 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Shantidoot Infra IPO is ₹14.56 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 10.37 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects :
1. Working Capital Requirements.
2. General Corporate Purposes
[Dilip Davda] This IPO is a combo of a fresh issue as well as OFS. Based on its financial track record with super earnings in FY22, the issue is fully priced. Small equity base post listing indicates longer gestation for the migration process. Bumper profits for FY22 raise concerns about the sustainability of such margins going forward. There is no harm in skipping this issue. Read detail review...
| Listing Date | September 19, 2022 |
| BSE Script Code | 543598 |
| NSE Symbol | |
| ISIN | INE0LU301014 |
| Final Issue Price | ₹81 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹105.00 |
| Low | ₹105.00 |
| High | ₹110.25 |
| Last Trade | ₹110.25 |
Shantidoot Infra Services Ltd.
House No. 221,
2nd floor,
Patliputra Colony,
Patna, Bihar, 800013
Phone: 0612-2271960
Email: info@shantidootinfra.com
Website: https://shantidootinfra.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shantidoot Infra IPO is a SME IPO of 4,96,000 equity shares of the face value of ₹10 aggregating up to ₹4.02 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The IPO opens on September 6, 2022, and closes on September 9, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shantidoot Infra IPO using UPI as a payment gateway. Zerodha customers can apply in Shantidoot Infra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shantidoot Infra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shantidoot Infra IPO opens on September 6, 2022 and closes on September 9, 2022.
Shantidoot Infra IPO lot size is 1600, and the minimum amount required for application is ₹1,29,600.
You can apply in Shantidoot Infra 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 Shantidoot Infra IPO will be done on Wednesday, September 14, 2022, and the allotted shares will be credited to your demat account by Friday, September 16, 2022. Check the Shantidoot Infra IPO allotment status.
The Shantidoot Infra IPO listing date is on Monday, September 19, 2022.
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