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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.
| 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 Size | 496,000 shares (aggregating up to ₹4.02 Cr) |
| Fresh Issue | 248,000 shares (aggregating up to ₹2.01 Cr) |
| Offer for Sale | 248,000 shares of ₹10 (aggregating up to ₹2.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 25,600 shares |
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 Offered | 25,600 (5.16%) |
| Other Shares Offered | 235,200 (47.42%) |
| Retail Shares Offered | 235,200 (47.42%) |
| Total Shares Offered | 496,000 (100%) |
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 |
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 | |||
Mr. Avijeet Kumar is the company promoter.
| Share Holding Pre Issue | 99.60% |
| Share Holding Post Issue | 72.07% |
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 :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 66.08 | 219.33 | 2.81 | 7.81 | 2.81 |
| 31-Mar-21 | 186 | 415.81 | 8.53 | 16.34 | 11.34 |
| 31-Mar-22 | 352.65 | 762.13 | 140.39 | 156.73 | 151.73 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Shantidoot Infra Services IPO is Rs 14.56 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 10.37 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects :
1. Working Capital Requirements.
2. General Corporate Purposes
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 2.36 |
| Retail | 3.33 |
| Total | 2.85 |
| Listing Date | September 19, 2022 |
| BSE Script Code | 543598 |
| NSE Symbol | |
| ISIN | INE0LU301014 |
| Final Issue Price | ₹81 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹81.00 |
| ₹105.00 |
| ₹105.00 |
| ₹110.25 |
| ₹110.25 |
Shantidoot Infra Services Limited
House No. 221,
2nd floor, Patliputra Colony,
Patna- 800013
Phone: 0612-2271960
Email: info@shantidootinfra.com
Website: https://shantidootinfra.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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
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.
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