Fixed Price IPO | ₹9 Cr | Listed at NSE SME | Fri, Apr 29, 2022 - Thu, May 5, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Apr 29, 2022
IPO Close
Thu, May 5, 2022
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹28.26 Cr
| IPO Date | 29 Apr to 5 May, 2022 |
| Listed on | Fri, May 13, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 24,00,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 1,20,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.4320 Cr) |
| Fresh Issue (Ex Market Maker) | 22,80,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 22,80,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 54,50,000 shares |
| Share Holding Post Issue | 78,50,000 shares |
| NSE Symbol | SONUINFRA |
| ISIN | INE0JZA01018 |
Sonu Infratech IPO comprises a total issue size of 24,00,000 shares. The net offer to the public is 22,80,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 11,40,000 (50.00%) allocated to NII 11,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,40,000 | 50.00% | 47.50% |
| Retail Shares Offered | 11,40,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,20,000 | 5.00% | |
| Total Shares Offered | 24,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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:
| 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 | Working Capital Requirement | 6.24 |
| 2 | General Corporate Purpose | 2.00 |
| Total | 8.24 |
| KPI | |
|---|---|
| ROE | 16.38% |
| ROCE | 9.7% |
| Debt/Equity | 3.65 |
| RoNW | 15.14% |
| PAT Margin | 3.45% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.57 | |
| P/E (x) | 15.79 | |
| Promoter Holding | 94.28% | 65.45% |
| Market Cap | ₹28.26 Cr. |
The Sonu Infratech IPO is subscribed 16.52 times on May 5, 2022 7:00:00 PM (Day 4). The public issue subscribed 19.6 times in the retail category, [.] times in the QIB category, and 13.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 13.43 | 11,40,000 | 1,53,15,000 |
| Retail | 19.6 | 11,40,000 | 2,23,44,000 |
| Total | 16.52 | 22,80,000 | 3,76,59,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.08 |
| 2 | Fees for Advisor to the Issue | 0.18 |
| 3 | Fees Payable to Registrar to the Issue | 0.01 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.03 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.04 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Two Years) | 0.06 |
| 8 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹36.00 |
| Low | ₹36.00 |
| High | ₹37.80 |
| Last Trade | ₹37.60 |
Lead Manager Reports
Sonu Infratech IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Apr 29, 2022, and closes on Thu, 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 Fri, Apr 29, 2022 and closes on Thu, 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 Thu, May 12, 2022. Check the Sonu Infratech IPO allotment status.
The Sonu Infratech IPO listing date is on Fri, May 13, 2022.
