Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Fri, Dec 30, 2022 - Wed, Jan 4, 2023
SVS Ventures IPO is a fixed price issue of ₹11.24 crores. The issue is entirely a fresh issue of 0.56 crore shares of ₹11.24 crore.
SVS Ventures IPO bidding started from Dec 30, 2022 and ended on Jan 4, 2023. The allotment for SVS Ventures IPO was finalized on Jan 9, 2023. The shares got listed on BSE SME on Jan 12, 2023.
SVS Ventures IPO price is ₹20 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
First Overseas Capital 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 Svcm Securities Pvt.Ltd..
Refer to SVS Ventures IPO RHP for detailed Information.
IPO Open
Fri, Dec 30, 2022
IPO Close
Wed, Jan 4, 2023
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹42.70 Cr
| IPO Date | 30 Dec, 2022 to 4 Jan, 2023 |
| Listed on | Thu, Jan 12, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 56,22,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 2,82,000 shares Svcm Securities Pvt.Ltd. (agg. up to ₹0.5640 Cr) |
| Fresh Issue (Ex Market Maker) | 53,40,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 53,40,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 1,57,27,619 shares |
| Share Holding Post Issue | 2,13,49,619 shares |
| BSE Script Code | 543745 |
| ISIN | INE0MID01012 |
SVS Ventures IPO comprises a total issue size of 56,22,000 shares. The net offer to the public is 53,40,000 shares, after excluding 2,82,000 shares allotted on a firm basis. Of the Net offer 26,70,000 (50.00%) allocated to NII 26,70,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 26,70,000 | 50.00% | 47.49% |
| Retail Shares Offered | 26,70,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,82,000 | 5.02% | |
| Total Shares Offered | 56,22,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Incorporated in 2015, SVS Ventures Limited is engaged in the real estate business. The entity undertakes construction and real estate development projects, focused primarily on the construction and development of residential and commercial projects.
SVS Ventures primarily operates in and around Ahmedabad, Gujarat. In 2021, the company entered into a business takeover agreement in April with Erstwhile Proprietary Firm M/s Vijay & Co. of Mr Shashikant Vedprakash Sharma.
The company's business model is customer-centric, and requires optimum utilization of our existing resources, assuring quality supply and achieving consequent economies of scale.
The business operations include the development of real estate projects in the residential segment comprising apartment-type complexes, and villas, largely catering to the middle-income and high-income groups.
The company's below mentioned projects are marketed and sold under the brand name of "SVS Ventures (formerly known as Vijay & co.)".
1) Residential Projects: These projects cover Bungalows and Villas.
2) Commercial Projects: These projects include the construction of commercial offices and shops.
SVS Ventures' financials reflect a positive financial standing in the market where its revenues and profits have grown vastly. As of March 2022, the company's total revenue stood at Rs. 868.27 lakhs with a profit of Rs. 183.37 lakhs.
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 25.01 | 12.46 | 11.65 | 8.45 |
| Total Income | 1.30 | 8.68 | 13.55 | 13.49 |
| Profit After Tax | 0.14 | 1.83 | 0.27 | 0.25 |
| NET Worth | 21.25 | 2.65 | 0.81 | 0.55 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 2.67 | 7.01 | 6.46 | 6.42 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the Working Capital requirements | 8.04 |
| 2 | General Corporate Expenses | 2.60 |
| 3 | To meet the expenses of the Issue | 0.55 |
| KPI | |
|---|---|
| RoNW | 69.32 |
| PAT Margin | 21.12% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.81 | |
| P/E (x) | 75 | |
| Promoter Holding | 90.49% | 66.66% |
| Market Cap | ₹42.70 Cr. |
The SVS Ventures IPO is subscribed 1.27 times on January 4, 2023 6:57:00 PM (Day 4). The public issue subscribed 2.01 times in the retail category, [.] times in the QIB category, and 0.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.53 | 26,70,000 | 14,28,000 |
| Retail | 2.01 | 26,70,000 | 53,58,000 |
| Total | 1.27 | 53,40,000 | 67,86,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 0.47 |
| 2 | Advertising and marketing expenses | 0.05 |
| 3 | Printing & Stationery, Distribution, Postage | 0.03 |
| 4 | Regulatory and other statutory expenses including Listing Fee | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹20.50 |
| Low | ₹20.50 |
| High | ₹21.50 |
| Last Trade | ₹21.50 |
Lead Manager Reports
SVS Ventures IPO is a SME IPO of 56,22,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Dec 30, 2022, and closes on Wed, Jan 4, 2023.
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 SVS Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in SVS Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SVS Ventures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SVS Ventures IPO opens on Fri, Dec 30, 2022 and closes on Wed, Jan 4, 2023.
SVS Ventures IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in SVS Ventures 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 SVS Ventures IPO will be done on Monday, January 9, 2023, and the allotted shares will be credited to your demat account by Wed, Jan 11, 2023. Check the SVS Ventures IPO allotment status.
The SVS Ventures IPO listing date is on Thu, Jan 12, 2023.
