SBL Infratech Limited IPO Detail
Incorporated in 2015, SBL Infratech is mainly engaged in the business of real estate brokerage, selling plots of land, and developing and selling affordable housing. The company has a vision to grow into one of the most trusted brand names in Real Estate sector.
SBL Infratech's business operations includes all activities related to real estate development, starting from identification and acquisition of land till through the planning, execution, and sales of their developed projects. The company has successfully launched & executed projects like Shubh Niwas and DayalVihar in Neemrana, Rajasthan.
Competitive strengths:
- Focus on developing and maintaining long-term relationships with clients, agricultural landowners, and real estate brokers.
- Good quality clientele attracted by strong marketing presence and close follow-up with prospective clients.
- Emphasis on quality design and construction.
- Experienced Promoter and Management Expertise.
- Good brand recognition and improved brand recall.
Company Promoters
Ankit Sharma and Shifali SharmaIPO Details
| IPO Opening Date | Sep 16, 2021 |
| IPO Closing Date | Sep 20, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹111 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹2.37 Cr |
| Fresh Issue | ₹2.37 Cr |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.40x | 0.36x | 0.38x | |
| Day 2 | - | - | 0.40x | 0.86x | 0.63x |
IPO Tentative Timetable
The SBL Infratech Limited IPO open date is Sep 16, 2021, and the close date is Sep 20, 2021. The issue may list on Sep 25, 2021.
| IPO Open Date | Sep 16, 2021 |
| IPO Close Date | Sep 20, 2021 |
| Basis of Allotment Date | TBA |
| Initiation of Refunds | TBA |
| Credit of Shares to Demat Account | TBA |
| IPO Listing Date | Sep 25, 2021 |
IPO Lot Size
The SBL Infratech Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹133200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹133200 |
| Maximum | 1 | 1200 | ₹133200 |
IPO Promoter Holding
| Pre Issue Share Holding | 90.01% |
| Post Issue Share Holding | 66.33% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2.81 | 0.40 | 0.02 |
| 31-Mar-20 | 0.69 | 1.49 | 0.11 |
| 31-Mar-19 | 0.68 | 0.20 | 0.004 |
Objects of the Issue:
- To Meet out the Working Capital requirements of the Company.
- To Meet out the General Corporate Purposes.
- To meet out the Issue Expenses.
