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Srinibas Pradhan Constructions Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on September 30, 2024.
Srinibas Pradhan Constructions Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the NSE SME. Fast Track Finsec Pvt.Ltd. was the book running lead manager and Maashitla Securities Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 43,60,948 shares |
| Share Holding Post Issue | 61,54,948 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sat, Aug 3, 2024 |
| Offer document withdrawn | Mon, Sep 30, 2024 |
Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, specializing in the execution of projects related to roads, highways, bridges, electricity infrastructure, and mining infrastructure.
Core Business Activities
SPCL is actively engaged in infrastructure development across a range of sectors, with a primary focus on:
SPCL participates in competitive bidding processes for infrastructure projects across the state of Odisha, catering to state government departments, central and state public sector undertakings, as well as private corporate clients.
The company's project portfolio covers roads, bridges, irrigation and canal works, civil construction, and industrial development.
Human Resources
As of March 31, 2024, Srinibas Pradhan Constructions Limited employed a dedicated team of 149 full-time professionals.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 20.83 | 6.49 | 3.75 |
| Total Income | 35.27 | 26.35 | 4.31 |
| Profit After Tax | 3.55 | 1.49 | 0.13 |
| Net Worth | 7.71 | 2.66 | 0.15 |
| Reserves and Surplus | 3.57 | 2.57 | 0.12 |
| Amount in ₹ Crore | |||
| KPI | Values |
|---|---|
| ROE | 68.38% |
| ROCE | 84.13% |
| RoNW | 68.38% |
| PAT Margin | 10.05% |
The Company Srinibas Pradhan IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company. | 55 |
| 2 | Investment in our Wholly Owned Subsidiary. | 50.3 |
| 3 | Repayment of portion of loan availed by the Company. | 10 |
| 4 | General Corporate Purpose. | |
| 5 | To meet the Issue expenses. |
Srinibas Pradhan Constructions Ltd.
C/O- Srinibas Pradhan, Near Chuakani Po-Lamtibaha,
Jharsuguda, Jharsuguda,
Orissa, India, 768216
Jharsuguda, Odisha, 768216
Phone: +91 6645 251105
Email: cs@srinibaspradhan.com
Website: http://www.srinibaspradhan.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: Investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Srinibas Pradhan Constructions IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Srinibas Pradhan Constructions IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Srinibas Pradhan Constructions IPO using UPI as a payment gateway. Zerodha customers can apply in Srinibas Pradhan Constructions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Srinibas Pradhan Constructions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Srinibas Pradhan Constructions IPO dates are not announced. Please check back again after some time.
Srinibas Pradhan Constructions IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Srinibas Pradhan Constructions 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 Srinibas Pradhan Constructions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Srinibas Pradhan Constructions IPO allotment status.
The Srinibas Pradhan Constructions IPO listing date is not yet announced. The tentative date of Srinibas Pradhan Constructions IPO listing is [.].
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