Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Fri, Mar 9, 2018 - Tue, Mar 13, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 9, 2018
IPO Close
Tue, Mar 13, 2018
Issue Price
₹15 per share
Market Cap (Pre-IPO)
₹19.81 Cr
| IPO Date | 9 to 13 Mar, 2018 |
| Listed on | Wed, Mar 21, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,92,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.2880 Cr) |
| Fresh Issue (Ex Market Maker) | 34,08,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 34,08,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 96,03,396 shares |
| Share Holding Post Issue | 1,32,03,396 shares |
| BSE Script Code | 541112 |
| ISIN | INE452Z01012 |
Shreeshay Engineers IPO comprises a total issue size of 36,00,000 shares. The net offer to the public is 34,08,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 17,04,000 (50.00%) allocated to NII 17,04,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,04,000 | 50.00% | 47.33% |
| Retail Shares Offered | 17,04,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.33% | |
| Total Shares Offered | 36,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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”.
| 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 | Funding Working Capital Requirement; and | 4.92 |
| 2 | Funding expenditure for General Corporate Purposes | 0.05 |
The Shreeshay Engineers IPO is subscribed 1.11 times on March 13, 2018 5:00:00 PM (Day 3). The public issue subscribed 1 times in the retail category, [.] times in the QIB category, and 1.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.22 | 17,04,000 | 20,80,000 |
| Retail | 1 | 17,04,000 | 16,96,000 |
| Total | 1.11 | 34,08,000 | 37,76,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.30 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs. | 0.02 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc. | 0.05 |
| 4 | Listing Fees, Market Regulatory & Other Expenses. | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.25 |
| Low | ₹15.05 |
| High | ₹15.25 |
| Last Trade | ₹15.23 |
Lead Manager Reports
Shreeshay Engineers IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on Fri, Mar 9, 2018, and closes on Tue, Mar 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 Fri, Mar 9, 2018 and closes on Tue, Mar 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 Wed, Mar 21, 2018.
