Sonu Infratech IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Sonu Infratech IPO release date, IPO offer price, subscription, Sonu Infratech 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 26 |
| Listing At | NSE, SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | May 17, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 864 Lakhs |
| IPO Size | Rs 864 Lakhs |
| Tick Size | 1 |
Sonu Infratech IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Sonu Infratech IPO – Summary
Their Company was originally formed and registered as a partnership firm under the Partnership Act, 1932 (“Partnership Act”) in the name and style of “M/s Sonu Enterprises”, pursuant to a deed of partnership dated September 01, 2001.
The constitution of the partnership firm was changed on November 14th, 2014. Thereafter the constitution of the partnership firm was changed on July 6, 2017 by the admission of partners.
Subsequently, “M/s. Sonu Enterprises” was converted from a partnership firm to a public limited company under Part I chapter XXI of the Companies Act, 2013 in the name of “Sonu Infratech Limited” and received a certificate of incorporation dated September 29, 2017, from the Central Registration Center, Registrar of Companies.
Sonu Infratech IPO Date
The opening and the closing date of Sonu Infratech IPO are Apr 29, 2022, and May 5, 2022, Respectively.
Sonu Infratech IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 29th April | 0.03x | 1.64x | 0.84x |
| 2nd Day – 2nd May | 0.25x | 4.01x | 2.13x |
| 3rd Day – 4th May | 0.48x | 8.91x | 4.70x |
| 4th Day – 5th May | 13.43x | 19.60x | 16.52x |
| Shares Offered or Net Issue | 1,140,000 | 1,140,000 | 2,280,000 |
The shares subscribed by the public will be updated here.
Check Sonu Infratech IPO LIVE Subscription
- Sonu Infratech IPO LIVE Bid details on NSE
- Sonu Infratech IPO LIVE Bid details on SME
For the Latest Bid details click on the above links.
Sonu Infratech IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares under the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders under the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Sonu Infratech Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | May 10, 2022 |
| Refunds Initiation | May 11, 2022 |
| Credit of Shares to Demat Account | May 12, 2022 |
| Share Listing Date | May 17, 2022 |
Sonu Infratech IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.26
Sonu Infratech IPO Equity Size
This Initial Public Issue of 24,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.26 per equity share aggregating to Rs.864 Lakhs.
Sonu Infratech IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,400,000 Equity Shares of Rs.10/ each.
Issue Size: 2,400,000 Equity Shares of Rs.10 each, aggregating to Rs.864 Lakhs
Open Free Demat Account Now!
Sonu Infratech IPO – Live Performance
The listing date of this IPO is May 17, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Sonu Infratech Share Price |
Sonu Infratech IPO Grey Market Premium
The Sonu Infratech Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Sonu Infratech IPO – Company Overview
Their Company is engaged in the business of civil construction services, such as piling, excavation, road preparation, land leveling, structural painting, and building construction in nature of the commercial and industrial projects.
Also, mechanical scaffolding services including structuring and piping, Plant maintenance at Reliance DTA (Domestic Territory Area), Reliance SEZ (Special Economic Zone), Reliance MTF (Marine Time Farm including DTA and SEZ), Reliance J3 (C2 Complex, PCG DTA, PCG SEZ, Rubber Plant), Nayara Maintenance, Repairs and Maintenance services such as plumbing, electrification, cleaning of vessels, plant and machinery, tanks during shut down period of the company who had awarded them contract etc.
They also have their plant and machinery and vehicle which enables them to provide a complete range of civil construction services for the majority of all types of civil construction and infrastructure-related work.
Sonu Infratech 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 & Million) | ||||
| 31-Oct-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 5,503.07 | 4,319.18 | 2,902.96 | 2,696.21 |
| Total Revenue | 3,239.50 | 4,076.69 | 4,114.07 | 3,412.77 |
| Total Expense | 3,094.89 | 3,883.88 | 4,024.85 | 3,327.29 |
| Profit After Tax | 104.27 | 139.80 | 66.01 | 64.47 |
Earnings per Equity Share (in Million)
| 31-Oct-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 1.91 | 2.57 | 1.21 | 1.18 |
Further, their PAT for the period ended on Oct 31, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs.104.27 Lakhs, Rs.139.80 Lakhs, Rs.66.01 Lakhs and Rs.64.47 Lakhs respectively.
Sonu Infratech IPO – Promoters
The Promoter of this company is:
- MR. RAMJI SHRINARAYAN PANDEY
- MR. KETAN VALLABHDAS MODI
List of Related Parties (Key Managerial Personnel)
- Mr Shrinarayan Rajkumar Pandey, Chairman and Managing Director
- Mr Vallabhdas Kalyanji Modi, Whole-Time Director
- Ramji Shrinarayan Pandey, Whole-Time Director
- Mr Ketan Vallabhdas Modi, Non-Executive Director
- Mr Sureshchandra Acharya, Independent Director
- Ashokbhai Harilal Mehta, Independent Director
Sonu Infratech IPO – Promoters Holding
- Pre Issue Share Holding – 94.28%
- Pos Issue Share Holding – 65.45%
Sonu Infratech IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 24,00,000 Equity Shares aggregating up to Rs.864.00 Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,20,000 Equity Shares aggregating up to Rs.43.20 Lakhs |
| Net Issue to the Public | Up to 22,80,000 Equity Shares aggregating up to Rs. 820.80 Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than 11,40,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 11,40,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 54,50,000 Equity Shares |
| Equity Shares outstanding after the Issue | 78,50,000 Equity Shares |
Sonu Infratech IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet Incremental Working Capital Requirements
2. General Corporate Purpose
3. To meet Public Issue Expenses
Sonu Infra IPO – Business Strategy
- Continue to enhance their project execution capabilities
- Diversify their business by bidding and winning Government projects
- Building their execution capabilities
- Capture the high growth opportunities in the India Infrastructure sector
- Owned fleet of construction Equipment
Sonu Infratech IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager based on the following qualitative and quantitative factors.
Qualitative factors are:
- Established brand and image
- Domain expertise and technical excellence
- Impeccable Track Record
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.57 | 15.14 | 16.95 |
| 31-Mar-20 | 1.21 | 8.42 | – |
| Mar-19 | 1.18 | 8.98 | – |
Sonu Infratech IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Sonu Infratech Limited | 10 | 14.03 | 2.57 | 15.14 | 4,051.04 |
| Listed Peers | |||||
| RPP Infra Projects Limited | 10 | 8.26 | 6.55 | 2.94 | 51311.00 |
| Shashijit Infraprojects Limited | 10 | -257 | -0.12 | -1.10 | 1681.73 |
Sonu Infratech IPO Lead Managers
| Lead Managers |
| SWASTIKA INVESTMART LIMITED SEBI Registration Number: INM000012102 Merchant Banking Division Address: Flat No18, Floor 2, North Wing, Madhaveshwar Coop Hsg Society Ltd, Madhav Nagar, 11/12, S V Road, Andheri (W), Mumbai – 400058 (Maharashtra). Telephone Number: +91-22-26254568-69 Email Id: merchantbanking@swastika.co.in Investors Grievance Id: investorgreivance@swastika.co.in Website: www.swastika.co.in Contact Person: Mr. Mohit R. Goyal CIN: L65910MH1992PLC067052 |
Sonu Infratech IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED SEBI Registration Number: INR000003241 Address: D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India. Tel. Number: 011-40450193-197 Fax- 011-26812683 Email Id: compliences@skylinerta.com Investors Grievance Id: grievances@skylinerta.com Website: www.skylinerta.com Contact Person: Mr. Alok Gautam CIN: U74899DL1995PTC071324 |
Sonu Infratech IPO – Other Details
- Statutory Auditor – Raichura & Co Chartered Accountant
- Legal Counsel to the Company – Name: Asha Agarwal & Associates
- Bankers to the Company – ICICI BANK LIMITED
Sonu Infra IPO Review by 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 |
Subscribe to Sonu Infratech IPO
Sonu Infratech Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Sonu Infratech IPO Review FAQs
Check out various FAQs related to Sonu Infratech IPO:
What is the Issue Size of Sonu Infratech IPO?
The Company is making an initial public offer of 2,400,000 equity shares. They 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 Sonu Infra IPO?
The price band for this particular IPO ranges between Rs.26. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Sonu Infratech IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Apr 29, 2022, while the closing date is set at May 5, 2022.
What is the Sonu Infratech IPO Allotment Date?
They also have the news regarding the respective allotment dates of Sonu Infratech IPO. Basis of Allotment finalization is on May 10, 2022, refund initiation is on May 11, 2022, credit of shares is on May 12, 2022, and share listing date is on May 17, 2022.
What is the Sonu Infra IPO Listing Date?
Shares of this company shall be listed in the exchanges May 17, 2022. The date, when the listing would be done, is stagnant on May 17, 2022.
Who is the Registrar of Sonu Infratech IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Sonu Infra IPO?
Here are the promoters of this IPO – MR. RAMJI SHRINARAYAN PANDEY AND MR. KETAN VALLABHDAS MODI. 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 Sonu Infratech IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of the Kostak rate and subject to sauda or SS are as well included in this report.
Is Sonu Infratech IPO good for Investment?
They 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 Sonu Infra Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 139.80, 2020 is 66.01, 2019 is 64.47. PAT from Oct 2021 is 104.27.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics