Shantidoot Infra Services Limited IPO Detail
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 :
- Experienced Management team and skilled manpower.
- Direct Relationship with Suppliers.
- Quality Assurance and Standards.
- Established relationship with Subcontractors.
Company Promoters
Mr. Avijeet Kumar is the company promoter.IPO Details
| IPO Opening Date | Sep 06, 2022 |
| IPO Closing Date | Sep 09, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹81 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹4.02 Cr |
| Fresh Issue | 248,000 shares of ₹10 (aggregating up to ₹2.01 Cr) |
| Offer for Sale | 248,000 shares of ₹10 (aggregating up to ₹2.01 Cr) |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.12x | 0.25x | 0.19x | |
| Day 2 | - | - | 0.43x | 0.63x | 0.53x | |
| Day 3 | - | - | 0.63x | 0.94x | 0.79x | |
| Day 4 | - | - | 2.36x | 3.33x | 2.85x |
IPO Tentative Timetable
The Shantidoot Infra Services Limited IPO open date is Sep 06, 2022, and the close date is Sep 09, 2022. The issue may list on Sep 19, 2022.
| IPO Open Date | Sep 06, 2022 |
| IPO Close Date | Sep 09, 2022 |
| Basis of Allotment Date | Sep 14, 2022 |
| Initiation of Refunds | Sep 15, 2022 |
| Credit of Shares to Demat Account | Sep 16, 2022 |
| IPO Listing Date | Sep 19, 2022 |
IPO Lot Size
The Shantidoot Infra Services Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹129600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹129600 |
| Maximum | 1 | 1600 | ₹129600 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.60% |
| Post Issue Share Holding | 72.07% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 66.08 | 219.33 | 2.81 |
| 31-Mar-21 | 186 | 415.81 | 8.53 |
| 31-Mar-22 | 352.65 | 762.13 | 140.39 |
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 Limited IPO Registrar:
Bigshare Services Pvt Ltd
Shantidoot Infra Services Limited IPO Lead Manager(s):
Gretex Corporate Services Pvt Ltd (Past IPO Performance)
Company Contact Information:
Shantidoot Infra Services Limited
House No. 221, 2nd floor, Patliputra Colony, Patna- 800013
Patna
Bihar
