Business description – Shradha Infraprojects is a real estate development company, engaged in the business of development and sale of residential as well as commercial properties (the “Development Business”) and the development and leasing of commercial properties (the “Lease Business”). The company is primarily operating in Nagpur focused on premium developments with presence in residential, commercial and hospitality in mixed-use and single-segment developments. Its Development Business spans all activities related to residential real estate development, from the identification and acquisition of land through to the planning, execution and sales of development projects. The residential properties include plotted developments, houses and apartments of varying sizes. The Development Business also consists of the development and sale of certain commercial properties including those that are integral to the residential developments they are attached to. The Lease Business involves leasing of its commercial properties. The company’s commercial properties include corporate offices and educational institutions.
Promoters of Shradha Infraprojects – Mr Sunil Raisoni and Riaan Diagonistic Private Limited
| Shradha Infraprojects IPO details | |
| Subscription Dates | 27 – 30 November 2017 |
| IPO Price band | INR70 per share |
| Fresh issue | 2,132,000 shares (INR14.92 crore) |
| Offer for sale | 572,000 shares (INR4 crore) |
| Total IPO size | 2,704,000 shares (INR18.93 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
| Shradha Infraprojects’ standalone financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Total revenue | 2.0 | 2.5 | 1.6 | 27.9 | 40.7 | 5.7 |
| Total expenses | 0.5 | 1.1 | 0.5 | 16.0 | 35.5 | 3.7 |
| Profit after tax | 1.2 | 1.0 | 0.9 | 8.7 | 4.7 | 1.5 |
Shradha Infraprojects Limited
Shradha House, Near Shri Mohini Complex
Kingsway, Block No. F/8
Nagpur – 440 001
Phone: +91 712 661 7181
Email: [email protected]
Website: www.shradhainfra.in
| Day | Subscription (no. of times) |
| Day 1 | 0.12 |
| Day 2 | 0.84 |
| Day 3 | 1.20 |
| Day 4 | 2.92 |
Earnings Per Share (EPS): INR6.22
Price/Earnings (P/E) ratio: 11.25
Return on Net Worth (RONW): 15.3%
Net Asset Value (NAV): INR42.64 per share
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Shradha Infraprojects IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 27 November 2017
IPO Closing Date: 30 November 2017
Finalisation of Basis of Allotment: 6 December 2017
Initiation of refunds: 7 December 2017
Transfer of shares to demat accounts: 8 December 2017
Listing Date: 11 December 2017
Listing Price on NSE SME: INR69.8 per share (down 0.28% from IPO price)
Closing Price on NSE SME: INR70.25 per share (up 0.36% from IPO price)
Real state business is the most corrupt business where builder hide there real income by taking unaccounted money in cash. Further, builders hide there real profit and make fool to investor. If any one intend to invest in real-state IPO then they have to think twice……….
Wait for UC tomorrow.excellent fundamentals & growth making company…Those who has been allotted, congratulations & stay Invested for minimum 2-3 UC…Money Rains in Shradha Infra IPO
Discounted listing, I guess this is the UC you were talking about…