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

September 6, 2022 - September 9, 2022

Shantidoot Infra Services IPO is a fixed price issue of Rs 4.02 crores. The issue is a combination of fresh issue of 2.48 lakh shares aggregating to Rs 2.01 crores and offer for sale of 2.48 lakh shares aggregating to Rs 2.01 crores.

Shantidoot Infra Services IPO bidding started from September 6, 2022 and ended on September 9, 2022. The allotment for Shantidoot Infra Services IPO was finalized on Wednesday, September 14, 2022. The shares got listed on BSE SME on September 19, 2022.

Shantidoot Infra Services IPO price is ₹81 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹259,200.

Gretex Corporate Services Limited is the book running lead manager of the Shantidoot Infra Services IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Shantidoot Infra Services IPO RHP for detailed information.

Shantidoot Infra Services IPO Details

IPO Date September 6, 2022 to September 9, 2022
Listing Date September 19, 2022
Face Value ₹10 per share
Price ₹81 per share
Lot Size 1600 Shares
Total Issue Size496,000 shares
(aggregating up to ₹4.02 Cr)
Fresh Issue248,000 shares
(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
Market Maker portion25,600 shares

Shantidoot Infra Services IPO Reservation

Shantidoot Infra Services IPO offers 496,000 shares. 235,200 (47.42%) to NII, 235,200 (47.42%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered25,600 (5.16%)
Other Shares Offered235,200 (47.42%)
Retail Shares Offered235,200 (47.42%)
Total Shares Offered496,000 (100%)

Shantidoot Infra Services IPO Timeline (Tentative Schedule)

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

IPO Open Date Tuesday, September 6, 2022
IPO Close Date Friday, September 9, 2022
Basis of Allotment Wednesday, September 14, 2022
Initiation of Refunds Thursday, September 15, 2022
Credit of Shares to Demat Friday, September 16, 2022
Listing Date Monday, September 19, 2022
Cut-off time for UPI mandate confirmation 5 PM on September 9, 2022

Shantidoot Infra Services IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹129,600
Retail (Max) 1 1600 ₹129,600
HNI (Min) 2 3,200 ₹259,200
Lot Size Calculator

Shantidoot Infra Services IPO Promoter Holding

Mr. Avijeet Kumar is the company promoter.

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

About Shantidoot Infra Services Limited

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

Key Performance Indicator

Shantidoot Infra Services IPO Market Cap is Rs 14.56 Cr and P/E (x) is 10.37.

KPI Values
P/E (x)10.37
Market Cap (₹ Cr.)14.56

Objects of the Issue (Shantidoot Infra Services IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  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 September 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)
Other2.36
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 Details

Listing Date September 19, 2022
BSE Script Code 543598
NSE Symbol
ISIN INE0LU301014
Final Issue Price ₹81 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹81.00
₹105.00
₹105.00
₹110.25
₹110.25

Check IPO Performance…

Shantidoot Infra Services Limited Contact Details

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: https://ipo.bigshareonline.com/ipo_status.html

Shantidoot Infra Services IPO - Buy or Not

Shantidoot Infra Services IPO Recommendation Summary

Review By Subscribe Neutral Avoid
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 September 6, 2022, and closes on September 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 September 6, 2022 and closes on September 9, 2022.

Shantidoot Infra Services IPO lot size is 1600 Shares, and the minimum amount required is ₹129,600.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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60 Comments

27. IpoRetailer |   Link |September 20, 2022 5:32:15 PM (200+ Posts)
This listing proves (again) that SME market has no ethics...
I am applying all SME IPOs from now on, irrespective of reviews. Period!! :D
26. Abhii VPG |   Link |September 19, 2022 11:35:55 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Many congratulations @MRavi sir & all other allottees too for bumper listing 🎉🎉
26.2. Anil Mwt |   Link |September 19, 2022 1:36:34 PM (200+ Posts)
Thank you bro..!!
26.3. Sawant |   Link |September 19, 2022 4:17:45 PM
Congratulations @MRavi sir
25. Amit Surana |   Link |September 19, 2022 1:45:13 PM (400+ Posts)
great listing compared to the subscription figure...

congrats to all the allottees....
24. IPOGUY |   Link |September 19, 2022 10:54:56 AM
Why this ipo listed at huge gain(30 percent)? Can anyone help me understand logic, subscription figure was worst.
Thanks
24.1. Takamichi |   Link |September 19, 2022 11:12:21 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
See last ipo of the LM.... And see the size....
23. Abhii VPG |   Link |September 14, 2022 8:15:48 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Bigshare always completes the job on time..
Allotment out on time always 👍🏻
22. MRavichandran |   Link |September 14, 2022 7:52:57 PM
IPO Guru IPO Guru (2000+ Posts, 2600+ Likes)
Allotment out:
5/16, 0/1,0/1 Allotted
I expected around 8 lots but got only 5

Thanks
22.1. Anil Mwt |   Link |September 14, 2022 7:54:07 PM (200+ Posts)
I applied 2 retail & got alloted 1
21. Nilaykumar |   Link |September 12, 2022 8:48:22 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Don't want to demotivate but this was big no IPO , still it's subscribed more than 1x.

#
Any promoter doesn't have any kind of experience in civil construction field.

#
The promoter built hospitals and institute for self or known one by making another company name this.
So their is no customer base , he done for self by creating a new company.

They already planned to make this company to list and get IPO money , and financial cooked to show it profitable other no intention is seen , so how can this company grow without any vision.

Fundamentals are too weak Still pump and dump could make it good listing as SME is highly oprator game.


20. Amit Jaipur |   Link |September 8, 2022 6:21:01 PM
IPO Guru IPO Guru (1300+ Posts, 1400+ Likes)
Lokes sir are u thinking of applying in this sme taking in consideration the good track record of LM gretex. Such as Last hit was Jayant.
20.3. Trueinfo |   Link |September 9, 2022 2:06:38 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Risky hai @ Amit bhai. Rest as you decide. I know, it's sometimes tempting to apply lower subscription IPOs.
20.4. lokes |   Link |September 10, 2022 4:37:07 PM
IPO Guru IPO Guru (4200+ Posts, 4900+ Likes)
@amit: i didn't applied...i even forgot actually about this....last 2-3 days was too busy in office work....
19. ultrasnow |   Link |September 9, 2022 3:47:26 PM
Applied one retail lot
19.13. CB🤗 |   Link |September 20, 2022 12:55:52 AM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
Congrats @MRavi... Your risk taking capability is paying well. I could not muster courage to apply here. What do you feel about Varanium? Can apply retail?
19.14. MRavichandran |   Link |September 20, 2022 9:05:15 AM
IPO Guru IPO Guru (2000+ Posts, 2600+ Likes)
Thank you all for your wishes.

@CB,
I will apply varanium (you may apply in retail to avoid high risk HNI)

Thanks
18. Manipo |   Link |September 9, 2022 10:00:58 PM (200+ Posts)
I have applied retail Apps
17. Bhav |   Link |September 9, 2022 5:31:05 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Not applied
16. Amit Jaipur |   Link |September 9, 2022 4:35:35 PM
IPO Guru IPO Guru (1300+ Posts, 1400+ Likes)
Chalo jab log risk khel rahe hai phir to thodi se risk hum bhi khel lete hai
16.1. Amit Jaipur |   Link |September 9, 2022 4:42:54 PM
IPO Guru IPO Guru (1300+ Posts, 1400+ Likes)
My bad luck not able to apply as the issue was shown closed.
15. Rajggggg |   Link |September 9, 2022 4:40:56 PM
Will list down confirm
14. slothBabyInvestor |   Link |September 8, 2022 2:26:15 PM
A BIG NOOOOOOO!!!!!!!!!!!!!!
My findings :
1. They have total 4 completed projects that too of pond renovation(3 out of 4), rest one project is "Gautam Institute of Nursing And Paramedics" and interesting point is this institute is under a trust and that trust if founded by Dr. Avijeet (Founder and MD of Shatidoot Infra), in his own words " To propel technical and professional education & training, I worked with my colleagues to form Right Path Foundation, a Trust registered under Indian Trust Act 1882. The Trust has established Gautam Group under which employment oriented professional institutions with courses like nursing education & training, pharmacy, teacher training, ayurvedic medicine, etc. are conducted."
2. No list provided for ongoing projects - only picture provided , Out of those one is a Farmhouse project of Dr. Avijeet only, other one is Shantidoot Hospital, rest you can draw :P
13. Eren |   Link |September 7, 2022 1:45:20 PM
At the bottom of Shantidoot Infra website, there is a section "What our client says". All of these reviews are posted on 5th Sept. Lol
13.1. Kami |   Link |September 7, 2022 9:34:35 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Yaegarrrrrrrrrrrr
13.2. Eren |   Link |September 8, 2022 12:32:46 PM
It's rumbling time!!
12. Asoke sarkar |   Link |September 7, 2022 9:06:15 PM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
Not worthy for a second glance.
11. PKRAJ |   Link |September 5, 2022 6:32:39 PM
IPO Guru IPO Guru (1700+ Posts, 1200+ Likes)
The name itself saying "Shantidoot", Shanti rakkho.
Itni jaldi kya hai. Wait and watch. Not to rush for all.
Will get better opportunities.
11.1. IPOGUY |   Link |September 19, 2022 11:06:20 AM
Kya bola tha last time🤣
10. Dare |   Link |September 5, 2022 4:57:19 AM
1
dr. sahab ne khud apne hospital , buildings banvai aur vaha se is company me profit kiya.
does this make sense?
customer base kaha he bhai?
ye business he ya paisa ghuane ki trick

2
dr. shahb khud 24 Lac rs yealy salary uthate he
.
kis liye bhai? kis baat ka?

3
doctor field me pura jivan gujara he to construction kaha se sikha?
is line me kaha aa gaye bhai?

koi bhi promoter ke pass construction ka experience nahi he!

why sebi could not see such clear flaws in compnay?
retail ke 4 cr free me aate he kya jo permission dedi!!!!!
9. Takamichi |   Link |September 1, 2022 6:21:54 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
If there is demand I can go and see the company office..... I am on leave and currently in patna which is my hometown....
9.1. Nilaykumar |   Link |September 5, 2022 4:31:09 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
plz bhai survey kar aao , in real work kar he kya achha check karna chahiye.
8. mohammad sarzil |   Link |September 2, 2022 12:34:28 PM
jis company ki WEB SITE tak thikse optimise nahi uss company mai invest koi kaise karega... and look at the FY22 profit Really?? so suspicious
8.1. Takamichi |   Link |September 2, 2022 2:59:59 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Everyone has started trading now a days.....
People r investing in very few stocks ....