Shantidoot Infra Services IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHPLast Updated Date: Nov 24, 2022
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 Value||Rs 10|
|Price Band||Rs. 81|
|Listing At||BSE SME|
|Min. Order Quantity||1600 shares|
|Listing Date||Sep 19, 2022|
|Offer for Sale||Rs. 200.88 lakh|
|Fresh Issue||Rs. 200.88 Lakh|
|IPO Size||Rs. 401.76 Lakh|
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 / Date||NII||RII||Total Subscription|
|1st Day – 6th Sept||0.12x||0.25x||0.19x|
|2nd Day – 7th Sept||0.20x||0.42x||0.31x|
|3rd Day – 8th Sept|
|4th Day – 9th Sept|
|Shares Offered or Net Issue||235,200||235,200||470,400|
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 Finalization||Sep 14, 2022|
|Refunds Initiation||Sep 15, 2022|
|Credit of Shares to Demat Account||Sep 16, 2022|
|Share Listing Date||Sep 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:
|Amount (in INR & Lakh)|
|Profit After Tax||140.39||8.53||2.81|
Earnings per Equity Share (in Lakh)
|Basic & Diluted||9.06||280.78||280.78|
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:
- 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|
|Issue Reserved for the Market Makers||Up to 25,600 Equity Shares aggregating up to Rs. 20.74|
|Net Issue to the Public||Up to 4,70,400 Equity Shares aggregating up to Rs. 381.02|
|Retail Investors Portion||Not less than 50%|
|Other than Retail Individual Investors||Not more than 50%|
|Equity Shares outstanding prior to the Issue||15,50,000 Equity Shares|
|Equity Shares outstanding after the Issue||17,98,000 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 EPS||RONW (%)||NAV (Rs.)|
Shantidoot Infra Services IPO: Competitive Peers
|Face Value (Rs.)||P/E||EPS (Rs.)||Return on Net Worth (%)||Total Income (Rs. in Lakhs)|
|Shantidoot Infra Services Limited||10||8.94||9.06||89.57||761.25|
|Samor Reality Limited||10||–||0.31||1.00||173.20|
|B-Right Real Estate Limited||10||19.67||7.78||0.80||40.00|
Shantidoot Infra Services IPO 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
Contact Person: Ms. Dimple Magharam Slun
SEBI Registration No: INM000012177
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
Investor Grievance Email:firstname.lastname@example.org
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 Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
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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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