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Shreeshay Engineers IPO is a fixed price issue of ₹5.40 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹5.40 crore.
Shreeshay Engineers IPO bidding started from Mar 9, 2018 and ended on Mar 13, 2018. The shares got listed on BSE SME on Mar 21, 2018.
Shreeshay Engineers 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.
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 Shreeshay Engineers IPO RHP for detailed Information.
| IPO Date | March 9, 2018 to March 13, 2018 |
| Listing Date | March 21, 2018 |
| 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 | 36,00,000 shares (aggregating up to ₹5.40 Cr) |
| Reserved for Market Maker | 1,92,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.2880 Cr) |
| Net Offered to Public | 34,08,000 shares (aggregating up to ₹5.11 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 96,03,396 shares |
| Share Holding Post Issue | 1,32,03,396 shares |
Shreeshay Engineers IPO offers total 36,00,000 shares. Out of which 17,04,000 (47.33%) allocated to NII, 17,04,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,92,000 (5.33%) |
| NII (HNI) Shares Offered | 17,04,000 (47.33%) |
| Retail Shares Offered | 17,04,000 (47.33%) |
| Total Shares Offered | 36,00,000 (100.00%) |
Shreeshay Engineers IPO opens on March 9, 2018, and closes on March 13, 2018.
| IPO Open Date | Fri, Mar 9, 2018 |
| IPO Close Date | Tue, Mar 13, 2018 |
| Tentative Listing Date | Wed, Mar 21, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 13, 2018 |
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 |
Incorporated in 2006, Shreeshay Engineers Limited (SEL) is a real estate construction and engineering company engaged in providing supply of materials, designing and contracting capabilities as well as construction project management services. Company is a part of the DKP Group which has large presence in the real estate market in and around Mumbai.
Company has developed around 90,000 sq. ft of built up real estate vide project(s) named “Kailas Jyoti I” and “Kailas Jyoti II” at Ghatkopar, Mumbai. Thave recently entered into works contract for construction of real estate project “Kailas Nagar”.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 140.46 | 128.36 | 124.85 | 124.40 | 137.41 | |
| Total Revenue | 22.17 | 9.90 | 10.19 | 10.78 | 9.79 | |
| Profit After Tax | 15.58 | 4.43 | 4.44 | (4.54) | (3.83) | |
The object of the issue are to:
1. Funding Working Capital Requirement; and
2. Funding expenditure for General Corporate Purposes.
[Dilip Davda] Shreeshay Engineers SME IPO is an aggressively priced issue. There is no harm in giving this a miss. Read detail review...
| Listing Date | March 21, 2018 |
| BSE Script Code | 541112 |
| NSE Symbol | |
| ISIN | INE452Z01012 |
| Final Issue Price | ₹15 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.25 |
| Low | ₹15.05 |
| High | ₹15.25 |
| Last Trade | ₹15.23 |
Shreeshay Engineers Ltd.
501,
Kailas Plaza VB Lane,
Ghatkopar East,
Mumbai, Maharashtra, 400077
Phone: + 91-22-25082300/2400
Email: info@shreeshay.com
Website: http://www.shreeshay.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shreeshay Engineers IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹5.40 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on March 9, 2018, and closes on March 13, 2018.
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 Shreeshay Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Shreeshay Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shreeshay Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shreeshay Engineers IPO opens on March 9, 2018 and closes on March 13, 2018.
Shreeshay Engineers IPO lot size is 8000, and the minimum amount required for application is ₹1,20,000.
You can apply in Shreeshay Engineers 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 Shreeshay Engineers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shreeshay Engineers IPO allotment status.
The Shreeshay Engineers IPO listing date is on Wednesday, March 21, 2018.
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