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Let’s have a detailed review of the company and analytics of the Shantidoot Infra Services IPO release date, IPO offer price, subscription, Shantidoot Infra Services Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs. 81
Listing AtBSE SME
Min. Order Quantity1600 shares
Listing DateSep 19, 2022
Offer for SaleRs. 200.88 lakh
Fresh IssueRs. 200.88 Lakh
IPO SizeRs. 401.76 Lakh
Tick Size1

Shantidoot Infra Services IPO is listed at a Rs. 71 premium. Check out the live share price by clicking on the below link.


Shantidoot Infra Services IPO – Summary

Their Company was incorporated on March 11, 2019, as a private limited company by the name of Shantidoot Infra Services Private Limited, and subsequently converted into public limited Company on July 01, 2022 and the name of the Company changed to Shantidoot Infra Services Limited.

Since incorporation our Company has gained respect as a specialized provider of construction services to education, healthcare and hospitality sectors.

The operate from the state of Bihar which is developing state on various parameters of development indicators like health, education, basic infrastructure, etc. Considering, slow growth of all these developmental inputs retarded private sector players, from both in and outside, to invest their resources in Bihar.

The Promoter of this company is MR. AVIJEET KUMAR. The lead manager to the issue is GRETEX CORPORATE SERVICES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


Shantidoot Infra Services IPO Date

The opening of Shantidoot Infra Services IPO will be on Sep 6, 2022 and the closing date Sep 9, 2022.


Shantidoot Infra Services IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 6th Sept0.12x0.25x0.19x
2nd Day – 7th Sept0.20x0.42x0.31x
3rd Day – 8th Sept
4th Day – 9th Sept
Shares Offered or Net Issue235,200235,200470,400

The shares subscribed by the public will be updated here.


Shantidoot Infra Services IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Shantidoot Infra Services Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationSep 14, 2022
Refunds InitiationSep 15, 2022
Credit of Shares to Demat AccountSep 16, 2022
Share Listing DateSep 19, 2022

Shantidoot Infra Services IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.81.


Shantidoot Infra Services IPO Equity Size

This Initial Public Issue of 4,96,000 Equity Shares of Rs.10 each for cash at a price of Rs.81 per equity share aggregating to Rs.401.76 Lakh.


Shantidoot Infra Services IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,70,400 Equity Shares of Rs.10/ each.

Issue Size: Rs. 4,96,000 Equity Shares of Rs.10 each, aggregating to Rs.401.76 Lakh.


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    Shantidoot Infra Services IPO – Live Performance

    The listing date of this IPO is Sep 19, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Shantidoot Infra Services Share Price

    Shantidoot Infra Services IPO Grey Market Premium

    The Shantidoot Infra Services Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Shantidoot Infra Services IPO – Company Overview

    Apart from undertaking new projects they also carry out projects of re-designing, re-modeling and renovating institutions as per the need of our clients.

    They categorize our projects mainly into two segments viz., Government sector and Private sector.

    Also, they believe that each project is unique hence they have developed an established project management approach to accommodate and manage the unique requirements of every project which are not only flexible but, at the same time, adhere to the standard national / international building norms.

    They emphasize on core strength and policies with focus on assimilating ever developing technology and deliverance to the satisfaction of our clients. With a passion to set high standards of services, the management always takes measures to scale up as and when required only to deliver the best.

    They work diligently and have a wide range of skill sets to cater to required needs and to reach the client sensitivity and centricity.


    Shantidoot Infra Services IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-Mar-2231-Mar-2131-Mar-20
    Total Assets352.6518666.08
    *Total Revenue762.13415.81                219.33
    Total Expense570.66404.23215.48
    Profit After Tax140.398.53                  2.81

    Earnings per Equity Share (in Lakh)

    31-Mar-2231-Mar-2131-Mar-20
    Basic & Diluted9.06280.78280.78

     

    Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.140.39 Lakh, Rs.8.53 Lakh, and Rs. 2.81 Lakh, respectively.


    Shantidoot Infra Services IPO – Promoters

    The Promoter of this company is:

    1. MR. AVIJEET KUMAR

    List of Related Parties (Key Managerial Personnel)

    • Mr. Avijeet Kumar, Managing Director & Chief Financial Officer
    • Mr. Tripurari Lal, Non- Executive Director
    • Mr. Navin Kumar, Non-Executive Director
    • Ms. Hiramani Kumari, Independent Director
    • Mr. Naveen Mani Tiwari, Independent Director
    • Ms. Anshu Anshuman, Company Secretary & Compliance Officer

    Shantidoot Infra Services IPO – Promoters Holding

    • Pre Issue Share Holding – 99.60%
    • Pos Issue Share Holding -72.07%

    Shantidoot Infra Services IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 4,96,000 Equity Shares aggregating up to Rs. 401.76 Lakh
    of which:
    Issue Reserved for the Market MakersUp to 25,600 Equity Shares aggregating up to Rs. 20.74
    Lakh
    Net Issue to the PublicUp to 4,70,400 Equity Shares aggregating up to Rs. 381.02
    Lakh
    Of which:
    Retail Investors Portion Not less than 50%
    Other than Retail Individual InvestorsNot more than 50%
     Equity Shares outstanding prior to the Issue15,50,000 Equity Shares
     Equity Shares outstanding after the Issue17,98,000 Equity Shares

    Shantidoot Infra Services IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Working Capital Requirements

    2. General Corporate Purposes

    Shantidoot Infra Services IPO – Business Strategy

    • Performance of the infrastructure market in India;
    • Impact of the COVID-19 pandemic on our business and operations;
    • Geographical concentration of business to key cities;
    • Completion of our ongoing and forthcoming projects in a timely manner;
    • Significant increases in prices of, or shortages of, or disruption in supply of labour;
    • Availability of financing in India;
    • Regulation in the Indian infrastructure sector;
    • General economic and business conditions in India and other countries;
    • Our ability to successfully implement our growth strategy and expansion plans, technological changes;
    • Changes in fiscal, economic or political conditions in India;
    • Inflation, deflation, unanticipated turbulence in interest rates, equity prices or other rates or prices;
    • Any adverse outcome in the legal proceedings in which they are involved;

    Shantidoot Infra Services IPO – Basis of 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:

    • Experienced Management team and skilled manpower
    • Direct Relationship with Suppliers
    • Quality Assurance and Standards
    • Established relationship with Subcontractors

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar -229.0689.57313.47
    31-Mar-21280.7852.22
    31-Mar-20280.7835.97

    Shantidoot Infra Services IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    Shantidoot Infra Services Limited108.949.0689.57761.25
    Listed Peers
    Samor Reality Limited100.311.00173.20
    B-Right Real Estate Limited1019.677.780.8040.00

    Shantidoot Infra Services IPO Lead Managers

    Lead Managers
    GRETEX CORPORATE SERVICES LIMITED
    Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15,
    Homi Modi Street, Fort, Mumbai – 400001, Maharashtra, India.
    Tel No.: +91 – 22 – 4002 5273 / 96532 49863
    Email: info@gretexgroup.com
    Website: www.gretexcorporate.com
    Contact Person: Ms. Dimple Magharam Slun
    SEBI Registration No: INM000012177
    CIN: L74999MH2008PLC288128

    Shantidoot Infra Services IPO Registrar to offer

    Registrar to the Offer
    BIGSHARE SERVICES PRIVATE LIMITED
    Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves
    Road, Next to Ahura Centre. Andheri (East), Mumbai – 400 093Tel. No.: +91 22
    6263 8200
    Email:ipo@bigshareonline.com
    Website:www.bigshareonline.com
    Investor Grievance Email:investor@bigshareonline.com
    Contact Person: Babu Rapheal
    SEBI Registration No.: INR000001385

    Shantidoot Infra Services IPO – Other Details

    • Statutory Auditor – GUPTA AGARWAL & ASSOCIATES,
    • Legal Counsel to the Company – ADV SHAIILESH L DALVI
    • Bankers to the Company – PNB Bank


    Shantidoot Infra Services IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Shantidoot Infra Services Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Shantidoot Infra Services IPO Review FAQs

      Check out various FAQs related to Shantidoot Infra Services IPO:

      What is the Issue Size of Shantidoot Infra Services IPO?

      The Company is making an initial public offer of 4,96,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

      What is the Price band of Shantidoot Infra Services IPO?

      The price band for this particular IPO ranges between Rs. 81. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Shantidoot Infra Services IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 6, 2022, while the closing date is set at Sep 9, 2022.

      What is the Shantidoot Infra Services IPO Allotment Date?

      We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 14, 2022, refund initiation is on Sep 15, 2022, credit of shares is on Sep 16, 2022, and share listing date is on Sep 19, 2022.

      What is the Shantidoot Infra Services IPO Listing Date?

      Shares of this company shall be listed in the exchanges Sep 19, 2022. The date, when the listing would be done, is stagnant on Sep 19, 2022.

      Who is the Registrar of Shantidoot Infra Services IPO?

      One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Shantidoot Infra Services IPO?

      Here are the promoters of this IPO – MR. AVIJEET KUMAR. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is GMP of Shantidoot Infra Services IPO?

      We have obtained the GMP of this IPO and it is Rs. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Shantidoot Infra Services IPO good for Investment?

      We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Shantidoot Infra Services Company?

      We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.140.39 Lakh, Rs.8.53 Lakh, and Rs. 2.81 Lakh, respectively.


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