Shree Krishna Infrastructure IPO – Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 19, 2022Shree Krishna Infrastructure Limited is working as Transport agent and Tours & Travelling agent. This company started the business activity of marketing, development and maintenance of Housing Society and organic farms, leasing of agriculture land for cultivation of crops etc.
Let’s have a detailed review of the company and analytics of the Shree Krishna Infrastructure IPO release date, IPO offer price, subscription, Shree Krishna Infrastructure IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is Rs 13. Check the Live Share Price here Shree Krishna Infra Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Shree Krishna Infrastructure 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 Shree Krishna Infrastructure Limited IPO
Shree Krishna Infrastructure Limited is working as Transport agent and Tours & Travelling agent. This company started the business activity of marketing, development and maintenance of Housing Society and organic farms, leasing of agriculture land for cultivation of crops etc. Upto 9,00,000 equity shares of face value of Rs.10/- each fully paid of the Company for cash at price of Rs.13/- per equity share aggregating Rs. 117.00 Lakhs. Issue of Equity Shares will constitute 30.00% of the fully diluted Post-Issue paid up capital of the Company. The face value of the Equity Shares is Rs. 10/-.
From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements,
- The operating income of the Company for the year ending March 31, 2018 is Rs. 75.84 Lakhs as compared to Rs. 61.45 Lakhs for the year ending March 31, 2017, showing an increase of 23.41 %, and such increase was due to rise in volume of the operations.The operating income of the Company for the year ending March 31, 2017 is Rs. 61.45 Lakhs as compared to Rs. 58.06 Lakhs for the year ending March 31, 2016, showing an increase of 5.84 %, and such increase was due to rise in volume of the operations.
- The Net worth of the company as on March 31, 2018 was Rs. 383.72 Lakh as per Restated Financial Statements.
- The other income mainly consist of interest income has been increased from Rs. 0.04 Lakhs to Rs. 0.67 Lakhs from the FY 2016-17 to FY 2017-18.
- The profit after tax has been increased by 138.38% from Rs. 1.48 Lakhs in Financial Year 2016-17 to Rs. 3.53 Lakhs
in financial year 2017-18. The profit after tax decreased by 41.48% from Rs. 2.53 Lakhs in Financial Year 2015-16 to Rs. 1.48 Lakhs in financial year 2016-17 mainly due to increase in other expenses.
The Promoters of this company are Mr. Ravi Rajiv Kotia and Mr. Amit Rameshbhai Kotia . The lead manager to the issue is Finshore Management Services Limited and the Registrar to this issue is Satellite Corporate Services Private Limited
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Shree Krishna Infrastructure IPO Date
The opening and the closing date of Shree Krishna Infrastructure Limited IPO is not known yet.
Shree Krishna Infrastructure 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.
Shree Krishna Infrastructure IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Shree Krishna Infrastructure IPO Price Band
The face value of each share is Rs 10, but the price band is Rs 13.
Shree Krishna Infrastructure IPO Equity Share Offering
Upto 9,00,000 equity shares of face value of Rs.10/- each fully paid of the Company for cash at price of Rs.13/- per equity share aggregating Rs. 117.00 Lakhs
Shree Krishna Infrastructure Limited – Company Overview
Shree Krishna Infrastructure Limited was originally incorporated as Shree Krishna Tour and Travels Private Limited on July 03, 1990 under the provisions of Companies Act, 1956. Subsequently, the name of the Company was changed to Shree Krishna Infrastructure Private Limited by passing necessary resolution on November 13, 1995.
Shree Krishna Infrastructure Limited is working as Transport agent and Tours & Travelling agent. This company started the business activity of marketing, development and maintenance of Housing Society and organic farms, leasing of agriculture land for cultivation of crops etc.
Currently we have also started the following business activities:
- Trading of perfumed incense sticks
- Contract Farming
- Project- Agency (Sale, Marketing,) of Navigation Equipment and Maritime consultancy for aids to navigation in the state of Gujarat.
- Distribution Project of E-Vehicles
- Marketing arrangement for Terra Technologies and services
The Company is promoted by Mr. Ravi Rajiv Kotia and Mr. Amit Rameshbhai Kotia and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Shree Krishna Infrastructure Limited:
- Established marketing set-up
- Tremendous Goodwill and Trust of the Company amongst investors
- Scalable business model
- Management expertise
Business strategies of Shree Krishna Infrastructure Limited:
- Focus on Enhancing the Project Execution Capabilities
- Continue to Build-Up a Professional Organization
- Enhancing Operating Effectiveness and Efficiency
- Capture the High Growth Opportunities in the Agriculture and Contract Farming etc
- Continue to develop client relationships
- Pursue strategic acquisitions
- Penetration into global markets
- Strengthening the brand
- Marketing
- Competition
Shree Krishna Infrastructure Limited – Financial Statements
A quick look into the past financial performance of the company is to understand its performance of business and evaluate the growth prospectus.
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 391.91 | 262.87 | 246.36 | 228.67 | 220.53 |
| Total Revenue | 76.50 | 61.49 | 58.11 | 21.49 | 12.43 |
| Total Expense | 71.74 | 59.37 | 54.44 | 16.72 | 11.36 |
| Profit After Tax | 3.53 | 1.48 | 2.53 | 3.29 | 0.74 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Basic & Diluted | 0.13 | 0.08 | 0.15 | 0.19 | 0.13 |
From the above statements, one could find that the Shree Krishna Infrastructure Limited may perform well.
Shree Krishna Infrastructure IPO – Promoters
The Promoter of this company is:
- Mr. Ravi Rajiv Kotia
- Mr. Amit Rameshbhai Kotia
List of Related Parties (Key Managerial Personnel)
- Ms. Resham Ajit Maniyar
- Mr. Ravi Rajiv Kotia
- Mr. Amit Rameshbhai Kotia
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.
Shree Krishna Infrastructure IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto 9,00,000 equity shares of face value of Rs.10/- each fully paid of the Company for cash at price of Rs.13/- per equity share aggregating Rs. 117.00 Lakhs |
| Of which: | |
| Offer to Sale | 9,00,000 equity shares of face value of Rs.10/- each fully paid of the Company for cash at price of Rs.13/-per Equity share aggregating Rs. 117.00 Lakhs |
| Reserved for Market Makers | 50,000 equity shares of face value of Rs.10/- each fully paid of the Company for cash at price of Rs.13/- per equity share aggregating Rs. 6.50 Lakhs |
| Net Issue to the Public | 8,50,000 equity shares of face value of Rs.10/- each fully paid of the Company for cash at price of Rs.13/- per equity share aggregating to Rs. 110.50 Lakhs |
| Of which: | |
| Retail Investors Portion | 4,30,000 equity shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 13/- per equity share aggregating to Rs. 55.90 Lakhs will be available for allocation for allotment to Retail Individual Investors of up to Rs. 2 Lakhs |
| Non-Retail Investors Portion | 74,20,000 equity shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 13/- per equity share aggregating to Rs. 54.60 Lakhs will be available for allocation for allotment to other Investors of above Rs. 2 Lakhs . |
| Equity Shares outstanding prior to the Issue | 30,00,000 Equity Shares of face value of Rs.10 each |
| Equity Shares outstanding after the Issue | 30,00,000 Equity Shares of face value of Rs.10 each |
Shree Krishna Infrastructure IPO Issue Object
These are the IPO Issue Objects of the company
- Funding the Working Capital requirements of the Company.
- Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company.
- General Corporate Purposes.
Shree Krishna Infrastructure 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:
- Established marketing set-up
- Tremendous Goodwill and Trust of the Company amongst investors
- Scalable business model
- Management expertise
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 0.15 | 1.12 | 12.97 |
| 31-Mar-17 | 0.08 | 0.57 | 13.29 |
| 31-Mar-18 | 0.13 | 0.92 | 12.79 |
- Price to Earnings (P/E) ratio in relation to Issue Price of Rs. 13/- per Equity Share of face value of Rs. 10/- each:
| Particulars | P/E ratio |
| P/E ratio based on Basic EPS for FY 2017-18 | 100.00 |
| P/E ratio based on Weighted Average EPS | 111.43 |
- Competitive Peers:
They believe that there are no listed companies in India which are solely engaged in same type of business like theirs. Hence a strict comparision is not possible.
Shree Krishna Infrastructure IPO Lead Managers
| Lead Managers |
| Finshore Management Services Limited Anandlok, Block-A, 2nd Floor, Room No. 207, 227 A.J.C. Bose Road,Kolkata-700020, India Telephone: +91-33-22895101 Facsimile: +91-33-22895101 Email: ramakrishna@finshoregroup.com Investor grievance email:info@finshoregroup.com Contact Person:Mr. S. Ramakrishna Iyengar Website:www.finshoregroup.com SEBI Registration Number: INM000012185 |
Shree Krishna Infrastructure IPO Registrar to offer
| Registrar to the Offer |
| Satellite Corporate Services Private Limited Unit. No 49, Building No. 13 AB, 2nd Floor, Samhita Commercial Co-Op Society Ltd, Off Andheri Kurla Road, MTNL Lane, Saki naka, Mumbai – 400 072. Tel. : +91-22- 28520461/462, Fax:+91-22- 28511809 SEBI Registration No: INR000003639 Email Id: service@satellitecorporate.com Website: www.satellitecorporate.com Contact Person: Mr. Michael Montenegro |
Other Details:
- Statutory Auditor – Bhatter & Company, Chartered Accountants
- Peer Review Auditor – Bhatter & Company, Chartered Accountants
- Bankers to the Company – ICICI Bank Limited
Shree Krishna Infrastructure 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 |
Shree Krishna Infrastructure IPO Grey Market Premium
The Shree Krishna Infrastructure 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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Shree Krishna Infrastructure IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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