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Shashijit Infraprojects IPO is a fixed price issue of ₹3.49 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹3.49 crore.
Shashijit Infraprojects IPO bidding started from Sep 30, 2016 and ended on Oct 6, 2016. The shares got listed on BSE SME on Oct 17, 2016.
Shashijit Infraprojects IPO price is ₹15.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,40,000.
Pantomath Capital Advisors Pvt.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 Pantomath Stock Brokers Pvt.Ltd..
Refer to Shashijit Infraprojects IPO RHP for detailed Information.
| IPO Date | September 30, 2016 to October 6, 2016 |
| Listing Date | October 17, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,28,000 shares (aggregating up to ₹3.49 Cr) |
| Reserved for Market Maker | 1,20,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.1800 Cr) |
| Net Offered to Public | 22,08,000 shares (aggregating up to ₹3.31 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 62,92,000 shares |
| Share Holding Post Issue | 86,20,000 shares |
Shashijit Infraprojects IPO offers total 23,28,000 shares. Out of which 11,04,000 (47.42%) allocated to NII, 11,04,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,20,000 (5.15%) |
| NII (HNI) Shares Offered | 11,04,000 (47.42%) |
| Retail Shares Offered | 11,04,000 (47.42%) |
| Total Shares Offered | 23,28,000 (100.00%) |
Shashijit Infraprojects IPO opens on September 30, 2016, and closes on October 6, 2016.
| IPO Open Date | Fri, Sep 30, 2016 |
| IPO Close Date | Thu, Oct 6, 2016 |
| Tentative Listing Date | Mon, Oct 17, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 6, 2016 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,20,000 |
| Retail (Max) | 1 | 8,000 | ₹1,20,000 |
| HNI (Min) | 2 | 16,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1991, Shashijit Infraprojects Ltd constructs, builds, and develops industrial infrastructure facilities, driveways, public utilities, powerhouse buildings, factories, and other immovable properties. The company is headquartered in Vapi, India.
They have executed various industrial and residential projects in Gujarat particularly in Vapi, Surat, Silvassa and Union Territory Daman.
| KPI | Values |
|---|---|
| RoNW | 13.78% |
The Company Shashijit Infraprojects IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Purchase of machinery and equipment | 1.20 |
| 2 | Loan Repayment | 0.25 |
| 3 | General Corporate Purposes | 0.64 |
| 4 | Working Capital Requirements | 0.90 |
[Dilip Davda] Inconsistency in performance raises concern. However, risk savvy cash surplus investors may consider long term investment as infra sector is set for a big push ahead. Read detail review...
| Listing Date | October 17, 2016 |
| BSE Script Code | 540147 |
| NSE Symbol | |
| ISIN | INE700V01013 |
| Final Issue Price | ₹15 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.85 |
| Low | ₹15.10 |
| High | ₹15.85 |
| Last Trade | ₹15.25 |
Shashijit Infraprojects Ltd.
Plot No. 209, Shop No. 23,
2nd Floor, Girnar Khushboo Plaza,
GIDC, Vapi – 396195
Vapi, Gujarat
Phone: +91 260 2432963
Email: investors @ shashijitinfraprojects.com
Website: http://www.shashijitinfraprojects.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shashijit Infraprojects IPO is a SME IPO of 23,28,000 equity shares of the face value of ₹10 aggregating up to ₹3.49 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on September 30, 2016, and closes on October 6, 2016.
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 Shashijit Infraprojects IPO using UPI as a payment gateway. Zerodha customers can apply in Shashijit Infraprojects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shashijit Infraprojects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shashijit Infraprojects IPO opens on September 30, 2016 and closes on October 6, 2016.
Shashijit Infraprojects IPO lot size is 8000, and the minimum amount required for application is ₹1,20,000.
You can apply in Shashijit Infraprojects 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 Shashijit Infraprojects IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shashijit Infraprojects IPO allotment status.
The Shashijit Infraprojects IPO listing date is on Monday, October 17, 2016.
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