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Shradha Infraprojects IPO is a fixed price issue of ₹18.93 crores. The issue is a combination of fresh issue of 0.21 crore shares aggregating to ₹14.92 crores and offer for sale of 0.06 crore shares aggregating to ₹4.00 crores.
Shradha Infraprojects IPO bidding started from Nov 27, 2017 and ended on Nov 30, 2017. The shares got listed on NSE SME on Dec 11, 2017.
Shradha Infraprojects IPO price is ₹70.00 per share .
Aryaman Financial 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 Aryaman Capital Markets Ltd..
Refer to Shradha Infraprojects IPO RHP for detailed Information.
| IPO Date | November 27, 2017 to November 30, 2017 |
| Listing Date | December 11, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹70 per share |
| Lot Size | |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 27,04,000 shares (aggregating up to ₹18.93 Cr) |
| Reserved for Market Maker | 1,44,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹1.01 Cr) |
| Fresh Issue (Ex Market Maker) | 19,88,000 shares (aggregating up to ₹13.92 Cr) |
| Offer for Sale | 5,72,000 shares of ₹10 (aggregating up to ₹4.00 Cr) |
| Net Offered to Public | 25,60,000 shares (aggregating up to ₹17.92 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 75,10,568 shares |
| Share Holding Post Issue | 96,42,568 shares |
Shradha Infra IPO offers total 27,04,000 shares. Out of which 12,80,000 (47.34%) allocated to NII, 12,80,000 (47.34%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,44,000 (5.33%) |
| NII (HNI) Shares Offered | 12,80,000 (47.34%) |
| Retail Shares Offered | 12,80,000 (47.34%) |
| Total Shares Offered | 27,04,000 (100.00%) |
Shradha Infraprojects IPO opens on November 27, 2017, and closes on November 30, 2017.
| IPO Open Date | Mon, Nov 27, 2017 |
| IPO Close Date | Thu, Nov 30, 2017 |
| Tentative Listing Date | Mon, Dec 11, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Nov 30, 2017 |
Incorporated in 1997, Shardha Infraprojects (Nagpur) Private Limited is a Nagpur based real estate development company, engaged in the business of development and sale of residential as well as commercial properties and the development and leasing of commercial properties. Company is primarily operating in Nagpur focused on premium developments with presence in residential, Commercial and hospitality in mixed-use and single-segment developments.
Shardha Infra is primarily engaged in 2 business segments:
1. Development Business
The Development Business includes activities related to residential real estate development, from the identification and acquisition of land through to the planning, execution and sales of the development projects. The residential properties include plotted developments, houses and apartments of varying sizes. The Development Business also consists of the development and sale of certain commercial properties.
2. Lease Business
The Lease Business involves leasing of the commercial properties. The commercial properties include corporate offices and educational institutions.
The Company Shradha 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 | Investment in Suntech Infraestate Nagpur Private Limitedto part finance the construction and development of Residential and Commercial Project “Victoria II” | 10.00 |
| 2 | Acquisition of Land or Land Development Rights | 1.50 |
| 3 | General Corporate Purposes | 3.08 |
[Dilip Davda] Although pricing is competitive against its peers, cash surplus risk savvy investors may consider investment for long term in this region centric infra Sector Company. Read detail review...
| Listing Date | December 11, 2017 |
| BSE Script Code | |
| NSE Symbol | SHRADHA |
| ISIN | INE715Y01015 |
| Final Issue Price | ₹70 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹69.80 |
| Low | ₹68.00 |
| High | ₹72.00 |
| Last Trade | ₹70.25 |
Shradha Infraprojects (Nagpur) Ltd.
Shradha House,
Near Shri Mohini Complex, Kingsway,
Block No. F/8,
Nagpur, Maharashtra, 440001
Phone: +91 712 6617181
Email: investorinfo@shradhainfra.in
Website: https://shradhainfra.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shradha Infraprojects IPO is a SME IPO of 27,04,000 equity shares of the face value of ₹10 aggregating up to ₹18.93 Crores. The issue is priced at ₹70 per share. The minimum order quantity is .
The IPO opens on November 27, 2017, and closes on November 30, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shradha Infraprojects IPO using UPI as a payment gateway. Zerodha customers can apply in Shradha Infraprojects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shradha Infraprojects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shradha Infraprojects IPO opens on November 27, 2017 and closes on November 30, 2017.
Shradha Infraprojects IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Shradha 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 Shradha Infraprojects IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shradha Infraprojects IPO allotment status.
The Shradha Infraprojects IPO listing date is on Monday, December 11, 2017.
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