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Sonu Infratech IPO is a fixed price issue of ₹8.64 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹8.64 crore.
Sonu Infratech IPO bidding started from Apr 29, 2022 and ended on May 5, 2022. The allotment for Sonu Infratech IPO was finalized on May 10, 2022. The shares got listed on NSE SME on May 13, 2022.
Sonu Infratech IPO price is ₹36.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Swastika Investmart Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Sonu Infratech IPO RHP for detailed Information.
| IPO Date | April 29, 2022 to May 5, 2022 |
| Listing Date | May 13, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,00,000 shares (aggregating up to ₹8.64 Cr) |
| Reserved for Market Maker | 1,20,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.4320 Cr) |
| Net Offered to Public | 22,80,000 shares (aggregating up to ₹8.21 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 54,50,000 shares |
| Share Holding Post Issue | 78,50,000 shares |
Sonu Infratech IPO offers total 24,00,000 shares. Out of which 11,40,000 (47.50%) allocated to NII, 11,40,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,20,000 (5.00%) |
| NII (HNI) Shares Offered | 11,40,000 (47.50%) |
| Retail Shares Offered | 11,40,000 (47.50%) |
| Total Shares Offered | 24,00,000 (100.00%) |
Sonu Infratech IPO opens on April 29, 2022, and closes on May 5, 2022.
| IPO Open Date | Fri, Apr 29, 2022 |
| IPO Close Date | Thu, May 5, 2022 |
| Tentative Allotment | Tue, May 10, 2022 |
| Initiation of Refunds | Wed, May 11, 2022 |
| Credit of Shares to Demat | Thu, May 12, 2022 |
| Tentative Listing Date | Fri, May 13, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 5, 2022 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Sonu Infratech Limited is engaged in the business of Civil Construction Services. The company's major business segments are Civil Construction Services, Building Construction, Mechanical Scaffolding, Plant Maintenance and Repairs and Maintenance and offer services such as piling, excavation, road preparation, land levelling, structural painting, building construction for commercial and industrial projects, mechanical scaffolding services including structuring and piping, Plant maintenance at various Reliance Plants and Farms, Nayara Maintenance, Repairs and Maintenance services such as plumbing, electrification, cleaning of vessels, etc.
Sonu Infratech Limited also owns and operates plants, machinery, and vehicles for all types of civil construction and infrastructure projects.
The company operates on a contract based model and is classified as a class "C" contract that allows them to bid on any type of military segment work in India. The company has successfully completed various contracts awarded by Military Engineering Services.
Competitive Strength:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Oct-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 5,503.07 | 4,319.18 | 2,902.96 | 2,696.21 | |
| Total Revenue | 3,239.50 | 4,076.69 | 4,114.07 | 3,412.77 | |
| Profit After Tax | 104.27 | 139.80 | 66.01 | 64.47 | |
The market capitalization of Sonu Infratech IPO is ₹28.26 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 15.79 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] Based on its improved financial data, the issue is fully priced. It is also in the highly competitive and fragmented segment. Cash surplus/risk seeker may consider parking of funds with a long term perspective. Read detail review...
| Listing Date | May 13, 2022 |
| BSE Script Code | |
| NSE Symbol | SONUINFRA |
| ISIN | INE0JZA01018 |
| Final Issue Price | ₹36 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹36.00 |
| Low | ₹36.00 |
| High | ₹37.80 |
| Last Trade | ₹37.60 |
Sonu Infratech Ltd.
Platinum 404,
4th Floor Park Colony,
Opp. Joggers Park Jamnagar -,
Jamnagar, Gujarat, 361008
Phone: 0288 2555089
Email: info@sonuinfratech.com
Website: http://www.sonuinfratech.com/index.html
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliences@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Sonu Infratech IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹8.64 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on April 29, 2022, and closes on May 5, 2022.
Skyline Financial 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 Sonu Infratech IPO using UPI as a payment gateway. Zerodha customers can apply in Sonu Infratech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sonu Infratech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sonu Infratech IPO opens on April 29, 2022 and closes on May 5, 2022.
Sonu Infratech IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Sonu Infratech 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 Sonu Infratech IPO will be done on Tuesday, May 10, 2022, and the allotted shares will be credited to your demat account by Thursday, May 12, 2022. Check the Sonu Infratech IPO allotment status.
The Sonu Infratech IPO listing date is on Friday, May 13, 2022.
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