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SVS Ventures IPO is a fixed price issue of Rs 11.24 crores. The issue is entirely a fresh issue of 56.22 lakh shares.
SVS Ventures IPO bidding started from December 30, 2022 and ended on January 4, 2023. The allotment for SVS Ventures IPO was finalized on Monday, January 9, 2023. The shares got listed on BSE SME on January 12, 2023.
SVS Ventures IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹240,000.
First Overseas Capital Limited is the book running lead manager of the SVS Ventures IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for SVS Ventures IPO is Svcm Securities.
Refer to SVS Ventures IPO RHP for detailed information.
| IPO Date | December 30, 2022 to January 4, 2023 |
| Listing Date | January 12, 2023 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 5,622,000 shares (aggregating up to ₹11.24 Cr) |
| Fresh Issue | 5,622,000 shares (aggregating up to ₹11.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 282,000 shares Svcm Securities |
SVS Ventures IPO offers 5,622,000 shares. 2,670,000 (47.49%) to NII, 2,670,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 282,000 (5.02%) |
| Other Shares Offered | 2,670,000 (47.49%) |
| Retail Shares Offered | 2,670,000 (47.49%) |
| Total Shares Offered | 5,622,000 (100%) |
SVS Ventures IPO opens on December 30, 2022, and closes on January 4, 2023.
| IPO Open Date | Friday, December 30, 2022 |
| IPO Close Date | Wednesday, January 4, 2023 |
| Basis of Allotment | Monday, January 9, 2023 |
| Initiation of Refunds | Tuesday, January 10, 2023 |
| Credit of Shares to Demat | Wednesday, January 11, 2023 |
| Listing Date | Thursday, January 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 4, 2023 |
Investors can bid for a minimum of 6000 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 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| HNI (Min) | 2 | 12,000 | ₹240,000 |
| Lot Size Calculator | |||
Mr. Shashikant Vedprakash Sharma is the promoter of the company.
| Share Holding Pre Issue | 90.49% |
| Share Holding Post Issue | 66.66% |
Incorporated in 2015, SVS Ventures Limited is engaged in the real estate business. The entity undertakes construction and real estate development projects, focused primarily on the construction and development of residential and commercial projects.
SVS Ventures primarily operates in and around Ahmedabad, Gujarat. In 2021, the company entered into a business takeover agreement in April with Erstwhile Proprietary Firm M/s Vijay & Co. of Mr Shashikant Vedprakash Sharma.
The company's business model is customer-centric, and requires optimum utilization of our existing resources, assuring quality supply and achieving consequent economies of scale.
The business operations include the development of real estate projects in the residential segment comprising apartment-type complexes, and villas, largely catering to the middle-income and high-income groups.
The company's below mentioned projects are marketed and sold under the brand name of "SVS Ventures (formerly known as Vijay & co.)".
1) Residential Projects: These projects cover Bungalows and Villas.
2) Commercial Projects: These projects include the construction of commercial offices and shops.
SVS Ventures' financials reflect a positive financial standing in the market where its revenues and profits have grown vastly. As of March 2022, the company's total revenue stood at Rs. 868.27 lakhs with a profit of Rs. 183.37 lakhs.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 845.12 | 1348.6 | 25 | 54.53 | 641.79 |
| 31-Mar-21 | 1165.01 | 1355 | 26.61 | 81.14 | 646.36 |
| 31-Mar-22 | 1245.68 | 868.27 | 183.37 | 264.51 | 700.95 |
| 30-Jun-22 | 2501.07 | 129.99 | 14.34 | 2125.33 | 267.49 |
| Amount in ₹ Lakhs | |||||
The market capitalization of SVS Ventures IPO is Rs 42.7 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 75 |
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
[Dilip Davda] Though the company was in the real estate segment, it was incorporated with disguising banners that included software solutions, and life care solutions in its name. It has posted inconsistency in its performances so far. Based on its annualized FY23 earnings, the issue is exorbitantly priced. There is no harm in ignoring this pricy IPO. Read detail review...
The SVS Ventures IPO is subscribed 1.27 times on January 4, 2023 6:57:00 PM. The public issue subscribed 2.01 times in the retail category, times in the QIB category, and 0.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.53 |
| Retail | 2.01 |
| Total | 1.27 |
| Listing Date | January 12, 2023 |
| BSE Script Code | 543745 |
| NSE Symbol | |
| ISIN | INE0MID01012 |
| Final Issue Price | ₹20 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹20.00 |
| ₹20.50 |
| ₹20.50 |
| ₹21.50 |
| ₹21.50 |
SVS Ventures Limited
Block A, Office No. 1009, Mondeal Heights
Near Panchratna Party Plot, S. G. Highway,
Ahmedabad 380 051
Phone: +91 79 40397191
Email: svsventure87@gmail.com
Website: http://www.svsventures.co.in/
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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SVS Ventures IPO is a SME IPO of 5,622,000 equity shares of the face value of ₹10 aggregating up to ₹11.24 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.
The IPO opens on December 30, 2022, and closes on January 4, 2023.
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 SVS Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in SVS Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SVS Ventures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SVS Ventures IPO opens on December 30, 2022 and closes on January 4, 2023.
SVS Ventures IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.
You can apply in SVS Ventures 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 SVS Ventures IPO will be done on Monday, January 9, 2023, and the allotted shares will be credited to your demat account by Wednesday, January 11, 2023. Check the SVS Ventures IPO allotment status.
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RHP
IPO Guru (1000+ Posts, 500+ Likes)
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I have not seen an SME Co bringing the IPO to mainly sell off their shares.
Seems Scary to me. What do you say?