Sonu Infratech Limited IPO Detail
Sonu Infratech Limited is engaged in the business of Civil Construction Services. The company's major business segments are Civil Construction Services, Building Construction, Mechanical Scaffolding, Plant Maintenance and Repairs and Maintenance and offer services such as piling, excavation, road preparation, land levelling, structural painting, building construction for commercial and industrial projects, mechanical scaffolding services including structuring and piping, Plant maintenance at various Reliance Plants and Farms, Nayara Maintenance, Repairs and Maintenance services such as plumbing, electrification, cleaning of vessels, etc.
Sonu Infratech Limited also owns and operates plants, machinery, and vehicles for all types of civil construction and infrastructure projects.
The company operates on a contract based model and is classified as a class "C" contract that allows them to bid on any type of military segment work in India. The company has successfully completed various contracts awarded by Military Engineering Services.
Competitive Strength:
- Established brand and image.
- Domain expertise and technical excellence.
- Impeccable Track Record.
Company Promoters
Mr. Ramji Shrinarayan Pandey and Mr. Ketan Vallabhdas ModiIPO Details
| IPO Opening Date | Apr 29, 2022 |
| IPO Closing Date | May 05, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹8.64 Cr |
| Fresh Issue | ₹8.64 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 13.43x | 19.60x | 16.52x |
IPO Tentative Timetable
The Sonu Infratech Limited IPO open date is Apr 29, 2022, and the close date is May 05, 2022. The issue may list on May 17, 2022.
| IPO Open Date | Apr 29, 2022 |
| IPO Close Date | May 05, 2022 |
| Basis of Allotment Date | May 10, 2022 |
| Initiation of Refunds | May 11, 2022 |
| Credit of Shares to Demat Account | May 12, 2022 |
| IPO Listing Date | May 17, 2022 |
IPO Lot Size
The Sonu Infratech Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹108000 |
| Maximum | 1 | 3000 | ₹108000 |
IPO Promoter Holding
| Pre Issue Share Holding | 94.28% |
| Post Issue Share Holding | 65.45% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Oct-21 | 5,503.07 | 3,239.50 | 104.27 |
| 31-Mar-21 | 4,319.18 | 4,076.69 | 139.80 |
| 31-Mar-20 | 2,902.96 | 4,114.07 | 66.01 |
| 31-Mar-19 | 2,696.21 | 3,412.77 | 64.47 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Incremental Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Issue Expenses.
Sonu Infratech Limited IPO Registrar:
Skyline Financial Services Private Ltd
Sonu Infratech Limited IPO Lead Manager(s):
Swastika Investmart Ltd
Company Contact Information:
Sonu Infratech Limited
Platinum 404,
4th Floor Park Colony,
Opp. Joggers Park Jamnagar -361008,
