Great Sports Infra IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Great Sports Infra Limited core business is to undertake sports infrastructure projects on turn-key basis across certain countries in South Asia. Great Sports Infra IPO comprises of 27,96,000 Equity shares, face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Great Sports Infra IPO release date, IPO offer price, subscription, Great Sports Infra IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Great Sports Infra IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Great Sports Infra Limited IPO
Great Sports Infra Limited core business is to undertake sports infrastructure projects on turn-key basis across certain countries in South Asia. The Company is specialized in sports flooring and have an established track record in installation of artificial grass/sports turf, synthetic athletic tracks, natural grass play surfaces, indoor and outdoor modular sports flooring, modular stadium seating, etc. In the year 2006, they commissioned their first installation of professional level synthetic turf system for Chowgule College, Goa, having contract value of Rs. 198.12 lakhs .The Issue comprises of a Public Issue of 27,96,000Equity shares of face value of Rs.10.00 each fully paid up.
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,
From fiscal 2016 to 2017, company’s revenue from operations has increased at a growth rate of 7.04% respectively.
For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs.6,788.86Lakhs, Rs. 6,162.85 Lakhs and Rs 5,757.95 Lakhs, respectively representing growth of 10.14% from the FY 2018-17 to FY 2017-16. For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 our net profit was Rs 788.36 Lakhs, Rs.665.62 Lakhs and Rs. 642.67 Lakhs, respectively, representing a profit of 18.45% from the FY 2018-17 to FY 2017-16.
- During the financial year 2017-18 the Other Income of our company increased to Rs.190.86 Lakhs as against Rs.31.67 Lakhs for the financial year 2016-17 .
- Company’s Net Profit after tax for the year 2016-17 is Rs.504.12 Lakhs from the year 2015-16 of Rs.425.15 Lakhs showing remarkable performance.
The Promoter of this company is Anil Kumar Suravaram. The lead manager to the issue is Pantomath Capital Advisors Private Limited and the Registrar to this issue is Link Intime India Private Limited.
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Great Sports Infra IPO Date
The opening and the closing date of Great Sports Infra Limited IPO is not known yet.
Great Sports Infra IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
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| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Great Sports Infra IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Great Sports Infra IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Great Sports Infra IPO Equity Share Offering
27,96,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .
Great Sports Infra Limited – Company Overview
Great Sports Infra Limited Our core business is to undertake sports infrastructure projects on turn-key basis across certain countries in South Asia. The Company is specialized in sports flooring and have an established track record in installation of artificial grass/sports turf, synthetic athletic tracks, natural grass play surfaces, indoor and outdoor modular sports flooring, modular stadium seating, etc. In the year 2006, they commissioned their first installation of professional level synthetic turf system for Chowgule College, Goa, having contract value of Rs. 198.12 lakhs .
The Company has various exclusive license/distribution rights from several global suppliers such as FieldTurf, USA; Porplastic, Germany; SnapSports, USA; SubAir Systems, USA; Terraplas, UK; Alcor Equipments, France; and Pacific Seating, Australia to market their sports products majorly in South Asia. Further on, they have exclusive worldwide rights to promote SubAir Cricket System for the cricket stadiums.
The Company is promoted by Mr. Anil Kumar Suravaram and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Great Sports Infra Limited :
- Significant business experience and track record
- Wide range of product offering spread across various sports and geography
- Strategic alliances and rights from renowned brands
- Projects are approved and accepted by global sports bodies
- Experienced management and workforce
Business strategies of Great Sports Infra Limited :
- Participate actively in sports infrastructure tenders
- Increased focus on their diverse product portfolio:
- Offer annual maintenance contracts
- Leverage private sectors’ corporate social responsibility (CSR) initiatives
- Increased sales & marketing reach
- Increase operational performance and execution capability
Great Sports Infra Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in Rs Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 6.801.59 | 5.923.42 | 4.461.33 | 2.531.86 | 1,660.29 |
| Total Revenue | 6,979.72 | 6,194.52 | 5,791.95 | 4,747.10 | 2,502.59 |
| Total Expense | 6,191.37 | 5,528.90 | 5,149.28 | 4,280.61 | 2,232.34 |
| Profit After Tax | 504.12 | 425.15 | 422.84 | 309.47 | 179.69 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted(Pre Bonus) | 38.56 | 32.52 | 32.34 |
| Basic & Diluted(Post Bonus) | 6.43 | 5.42 | 5.39 |
From the above statements, one could find that the Great Sports Infra Limited may perform well.
Great Sports Infra IPO – Promoters
The Promoter of this company are:
- Mr. Anil Kumar Suravaram
List of Related Parties (Key Managerial Personnel)
- Surendra Kamath Basavanagudi
- Shivangi Tibrewala
- John Kumblavelil John
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Great Sports Infra IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Offer of Up to 27,96,000* Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating Rs. [●] Lakhs(2) |
| Of which: | |
| Reserved for Market Makers | Up to [●]* Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●] /- per Equity share aggregating Rs. [●] Lakhsa |
| Net Issue to the Public | Up to [●]* Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at a price of Rs. [●] /- per share aggregating Rs. [●] Lakhs |
| Of which: | |
| Retail Investors Portion | Up to [●]* Equity Shares of face value of Rs. 10/- each fully paid of the Company at a cash price of Rs. [●]/- per Equity share aggregating Rs. [●] Lakhs will be available for allocation to Investors up to Rs. 2.00 Lakhs |
| Non-Retail Investors Portion | Up to [●]* Equity Share of face value of Rs. 10/- each fully paid of the Company for cash at price of [●]/- per Equity Share aggregating Rs. [●] lakhs will be available for allocation to investors above Rs. 2.00 Lakhs |
| Equity Shares outstanding prior to the Issue | 78,45,000 Equity Shares of face value of Rs.10/- each |
| Equity Shares outstanding after the Issue | [●]* Equity Shares of face value of Rs.10/- each |
Great Sports Infra IPO Issue Object
These are the IPO Issue Objects of the company
- To finance the purchase of plant & machinery and equipment;
- Funding the working capital requirements of our Company
- General corporate purposes.
Great Sports Infra IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Significant business experience and track record
- Wide range of product offering spread across various sports and geography
- Strategic alliances and rights from renowned brands;
- Projects are approved and accepted by global sports bodies;
- Experienced management and workforce.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 5.39 | 25.04 | – |
| 31-Mar-17 | 5.42 | 20.12 | – |
| 31-Mar-18 | 6.43 | 19.26 | 33.37 |
Great Sports Infra IPO Lead Managers
| Lead Managers |
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Website:www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Hardik Bhuta / Unmesh Zagade SEBI Registration No:INM000012110 |
Great Sports Infra IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra , India Tel: +91 22 4918 6200 Fax: +91 22 4918 6195 Website: www.linkintime.co.in Email: greatsports.ipo@linkintime.co.in Investor Grievance Id: greatsports.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
Other Details:
- Statutory Auditor – K Vijayaraghavan & Associates LLP, Chartered Accountants
- Peer Review Auditor – K Vijayaraghavan & Associates LLP, Chartered Accountants
- Bankers to the Company – HDFC Bank Limited and Standard Chartered Bank
Great Sports Infra IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Great Sports Infra IPO Grey Market Premium
The Great Sports Infra IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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