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Shantidoot Infra Services Limited IPO (Shantidoot Infra Services IPO) Detail

Sep 6, 2022 - Sep 9, 2022

Incorporated in 2019, Shantidoot Infra Services Limited is a specialized provider of construction services to the education, healthcare and hospitality sectors. The company is headquartered in Patna and currently operating a business in the Indian states of Bihar and Jharkhand.

Shantidoot Infra Services Limited also carry out projects of re-designing, re-modelling and renovating institutions as per the need of the clients. The company categorises the projects mainly into the government sector and the Private sector. The company secure private sector contracts, in general, through one-to-one negotiation and Government contracts through bids as per the public notice issued by government departments.

The projects undertaken by the company are the Renovation of the Kerua Pond scheme Under M.I. Division Nalanda on Block-Giriyak, Sarmera and Silao (Government projects) and Gautam Institute of Nursing, Gautam Institute of Pharmacy, Mata Sushila Institute of Education, Shantidoot Hospital, among other (Private projects).

Competitive Strengths :

  1. Experienced Management team and skilled manpower.
  2. Direct Relationship with Suppliers.
  3. Quality Assurance and Standards.
  4. Established relationship with Subcontractors.

Company Financials

Shantidoot Infra Services Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2066.08219.332.817.812.81
31-Mar-21186415.818.5316.3411.34
31-Mar-22352.65762.13140.39156.73151.73
Amount in ₹ Lakhs

Objects of the Issue

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects :

1. Working Capital Requirements.

2. General Corporate Purposes

Shantidoot Infra Services IPO Details

Shantidoot Infra Services IPO Date Sep 6, 2022 to Sep 9, 2022
Shantidoot Infra Services IPO Face Value ₹10 per share
Shantidoot Infra Services IPO Price ₹81 per share
Shantidoot Infra Services IPO Lot Size 1600 Shares
Issue Size496,000 shares of ₹10
(aggregating up to ₹4.02 Cr)
Fresh Issue248,000 shares of ₹10
(aggregating up to ₹2.01 Cr)
Offer for Sale248,000 shares of ₹10
(aggregating up to ₹2.01 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

Mr. Avijeet Kumar is the company promoter.

Shantidoot Infra Services IPO Timeline (Tentative Timetable)

Shantidoot Infra Services IPO opens on Sep 6, 2022, and closes on Sep 9, 2022. The Shantidoot Infra Services IPO bid date is from Sep 6, 2022 10.00 A.M. to Sep 9, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Shantidoot Infra Services IPO Opening Date Sep 6, 2022
Shantidoot Infra Services IPO Closing Date Sep 9, 2022
Basis of Allotment Sep 14, 2022
Initiation of Refunds Sep 15, 2022
Credit of Shares to Demat Sep 16, 2022
Shantidoot Infra Services IPO Listing Date Sep 19, 2022

Shantidoot Infra Services IPO Lot Size

The Shantidoot Infra Services IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹129,600).

Application Lots Shares Amount
Retail (Min) 1 1600 ₹129,600
Retail (Max) 1 1600 ₹129,600

Shantidoot Infra Services IPO Promoter Holding

Pre Issue Share Holding 99.60%
Post Issue Share Holding 72.07%

Shantidoot Infra Services IPO Review

This IPO is a combo of a fresh issue as well as OFS. Based on its financial track record with super earnings in FY22, the issue is fully priced. Small equity base post listing indicates longer gestation for the migration process. Bumper profits for FY22 raise concerns about the sustainability of such margins going forward. There is no harm in skipping this issue. Read detail review...


Shantidoot Infra Services IPO Subscription Status (Bidding Detail)

The Shantidoot Infra Services IPO is subscribed 2.85 times on Sep 9, 2022 7:53:00 PM. The public issue subscribed 3.33 times in the retail category, times in the QIB category, and 2.36 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.36
Retail3.33
Total2.85

Shantidoot Infra Services IPO Prospectus

Shantidoot Infra Services IPO Rating

83
2.3
Rating:Rated 2.3 stars
Vote Here ...

Shantidoot Infra Services IPO Listing Date

Listing Date Monday, September 19, 2022
BSE Script Code 543598
NSE Symbol
Listing In MT Group of Securities
ISIN INE0LU301014
IPO Price ₹81 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹81.00
₹105.00
₹105.00
₹110.25
₹110.25

Company Contact Information

Shantidoot Infra Services Limited
House No. 221,
2nd floor, Patliputra Colony,
Patna- 800013
Phone: 0612-2271960
Email: info@shantidootinfra.com
Website: https://shantidootinfra.com/

Shantidoot Infra Services IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Shantidoot Infra Services IPO Review

Shantidoot Infra Services IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 4

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Shantidoot Infra Services IPO FAQs

Shantidoot Infra Services IPO is a SME IPO of 496,000 equity shares of the face value of ₹10 aggregating up to ₹4.02 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600 Shares.

The IPO opens on Sep 6, 2022, and closes on Sep 9, 2022.

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 Shantidoot Infra Services IPO using UPI as a payment gateway. Zerodha customers can apply in Shantidoot Infra Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Shantidoot Infra Services IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Shantidoot Infra Services IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Shantidoot Infra Services IPO opens on Sep 6, 2022 and closes on Sep 9, 2022.

Shantidoot Infra Services IPO lot size is 1600 Shares and the minimum order quantity is .

You can apply in Shantidoot Infra Services IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Shantidoot Infra Services IPO will be done on Sep 14, 2022, and the allotted shares will be credited to your demat account by Sep 16, 2022. Check the Shantidoot Infra Services IPO allotment status.

The Shantidoot Infra Services IPO listing date is on Monday, September 19, 2022.
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