Shradha Infraprojects (Nagpur) Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,280,000 (47%) | — | ₹896 Cr |
| Retail | — | 1,280,000 (47%) | — | ₹896 Cr |
| Market Maker | — | 144,000 (5%) | — | ₹10 Cr |
| Σ Total | — | 2,704,000 (100%) | — | ₹18,928 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹140,000 |
| Retail (Max) | 13 | 26,000 | ₹1,820,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,960,000 |
| B-HNI (Min) | 67 | 134,000 | ₹9,380,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30-Jun-2017 | 31-Mar-2017 | 31-Mar-2016 |
|---|---|---|---|
| Revenue | 535 | 3,854 | 2,716 |
| Profit After Tax | 148 | 467 | 871 |
| Net Worth | 3,202 | 3,054 | 2,587 |
| Total Assets | 5,163 | 5,538 | 6,008 |
| Reserves & Surplus | 3,513 | 3,365 | 4,354 |
| Total Borrowing | 890 | 889 | 2 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Investment in Suntech Infraestate Nagpur Private Limitedto part finance the construction and development of Residential and Commercial Project “Victoria II” – 10
- Acquisition of Land or Land Development Rights – 1.5
- General Corporate Purposes – 3.1
Company Overview
Incorporated in 1997, Shardha Infraprojects (Nagpur) Private Limited is a Nagpur based real estate development company, engaged in the business of development and sale of residential as well as commercial properties and the development and leasing of commercial properties.
Company is primarily operating in Nagpur focused on premium developments with presence in residential, Commercial and hospitality in mixed-use and single-segment developments.
Shardha Infra is primarily engaged in 2 business segments:
1. Development Business
The Development Business includes activities related to residential real estate development, from the identification and acquisition of land through to the planning, execution and sales of the 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.
2. Lease Business
The Lease Business involves leasing of the commercial properties. The commercial properties include corporate offices and educational institutions.