Fixed Price IPO | ₹19 Cr | Listed at NSE SME | Mon, Nov 27, 2017 - Thu, Nov 30, 2017
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 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 Open
Mon, Nov 27, 2017
IPO Close
Thu, Nov 30, 2017
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹67.50 Cr
| IPO Date | 27 to 30 Nov, 2017 |
| Listed on | Mon, Dec 11, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,04,000 shares (agg. up to ₹19 Cr) |
| Reserved for Market Maker | 1,44,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 19,88,000 shares (agg. up to ₹14 Cr) |
| Offer for Sale | 5,72,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 25,60,000 shares (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 75,10,568 shares |
| Share Holding Post Issue | 96,42,568 shares |
| NSE Symbol | SHRADHA |
| ISIN | INE715Y01015 |
Shradha Infraprojects IPO comprises a total issue size of 27,04,000 shares. The net offer to the public is 25,60,000 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 12,80,000 (50.00%) allocated to NII 12,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,80,000 | 50.00% | 47.34% |
| Retail Shares Offered | 12,80,000 | 50.00% | 47.34% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.33% | |
| Total Shares Offered | 27,04,000 | 100.00% | 100.00% |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Shradha Infra IPO is subscribed [.] times on November 28, 2017 5:00:00 PM (Day 2). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 13,52,000 | 18,98,000 |
| Retail | [.] | 13,52,000 | 3,60,000 |
| Total | [.] | 27,04,000 | 22,58,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.32 |
| 2 | rokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.03 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc. | 0.03 |
| 4 | Listing Fees, Market Making fees (1st year), Market Regulatory & Other Expenses | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹69.80 |
| Low | ₹68.00 |
| High | ₹72.00 |
| Last Trade | ₹70.25 |
Lead Manager Reports
Shradha Infraprojects IPO is a SME IPO of 27,04,000 equity shares of the face value of ₹10 aggregating up to ₹19 Crores. The issue is priced at ₹70 per share. The minimum order quantity is .
The IPO opens on Mon, Nov 27, 2017, and closes on Thu, Nov 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 Mon, Nov 27, 2017 and closes on Thu, Nov 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 Mon, Dec 11, 2017.
