SREI Equipment Finance IPO – Review, Allotment Status, Subscription, Price, Date & more

SREI Equipment Finance Ltd is a Kolkata based company and is a part of SREI Infrastructure Finance Limited. The company provides loans for buying equipment that are used in construction industry, Irrigation and Water Supply, Civil Aviation, mining, IT infrastructure development, healthcare industry, farming, etc. This article provides the details about the SREI Equipment Finance IPO size, SREI Equipment Finance IPO object, background of the company, the investors and the financial performance of the company.


SREI Equipment Finance IPO Review & Ratings

SREI Equipment Finance IPO Ratings & Review
Criteria Ratings
Industry Sentiments 7.5/10
Industry Ranking 7.4/10
Company Background 7.8/10
Company Reputation 7.9/10
Competitive Edge 7.4/10
Financial Statements 7.7/10
Popularity Index 7.8/10
Promoters Reputation 7.4/10
Retail Appetite 7.8/10
Top Brokers Review 7.8/10
Overall Ratings 7.7/10
Star Ratings ★★★★☆

Summary of SREI Equipment Finance IPO

SREI EQUIPMENT FINANCE IPOThe company has filed the draft with SEBI for initial public offering. SREI Equipment Finance Ltd is willing to raise Rs 2000 crore through its IPO. The IPO consists of fresh issue equity shares of rupees 1100 crores, also it will sell up to 4,386,765 equity shares. The company is also considering a private placement of up to 2,500,000 equity shares, in consultation with book running lead managers.

Srei Equipment Finance Limited is the only promoter for this IPO. Company has got the approvals for listing is equity shares at BSE and NSE. The lead managers to this company are CLSA India Private Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited, Srei Capital Markets Limited, IIFL Holdings Limited, Motilal Oswal Investment Advisors Limited, Nomura Financial Advisory and Securities (India) Private Limited and Haitong Securities India Private Limited. The registrar to the offer is Karvy Computershare Private Limited.


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SREI Equipment Finance IPO Date

The SREI Equipment Finance IPO is expected to be in market before the end of this calendar year. The company initiated the talks and the process of draft red herring prospectus in the year 2017, so the IPO is expected to be out soon.

SREI Equipment Finance IPO Subscription

  Subscription
Day 1  X
Day 2  X
Day 3  X
Day 4  X
Day 5  X

The details of shares being subscribed would be updated on a daily basis upon release of the IPO.

SREI Equipment Finance IPO – Allotment Status

The details of shares allotted against the subscription would be updated once the allotment process is completed. The details would be accordingly updated.

SREI Equipment Finance IPO – Price Band

The price offered under the IPO is generally decided during the book building process. The IPO price has not been released yet. The details would be shortly updated in this section.

SREI Equipment Finance IPO – Issue Size

The SREI Equipment Finance IPO size is expected to be close to Rs. 2,000 crores. However, this is just an indicative number and the actual number would be updated once the IPO details are finalized by the Company. Please revisit us for the latest updates.

SREI Equipment Finance IPO Equity Share Offerings

The number of shares being sold off by the existing investors is not disclosed yet.


SREI Equipment Finance IPO Ltd – Company Overview

SREI Equipment Finance Ltd is a Kolkata based company and is a part of SREI Infrastructure Finance Limited. This company is a non banking financial unit that does not accept any public deposits that is the company is an Asset Finance sector with no deposits. The company provides non banking financial help to their clients by providing them loans for buying equipment that are used in construction industry, mining, IT infrastructure development, healthcare industry, farming, etc.

Registered Office:
‘Vishwakarma’, 86C, Topsia Road (South), Kolkata – 700 046, West Bengal, India; Te l: +91 33 6160 7734; Fax: +91 33 228 57542;Corporate Office: Room no. 12 & 13, 2nd Floor, 6A, Kiran Shankar Roy Road, Kolkata – 700 001, West Bengal, India; Te l: +91 33 6499 0230;Head Office: Plot No. Y-10, Block EP, Sector V, Salt lake City, Kolkata – 700 091, West Bengal, India; Te l: +91 33 6639 4700; Fax: +91 33 6602 2600

Compliance Officer: Ms. Ritu Bhojak, Company Secretary and Compliance Officer, Phone: +91 33 6160 7734; Toll Free No.:1800 4197 734; Fax: +91 33 2285 7542;Email-id: [email protected]; Website: www.sreiequipment.com; Corporate Identification No: U70101WB2006PLC109898

Key members of SREI Equipment Finance IPO:

Hemant Kanoria Chairman and Managing Director
Sunil Kanoria Vice Chairman
Suresh Kumar Jain Independent Director
Shyamalendu Chatterjee Independent Director
Supriya Prakash Sen Independent Director

Competitive Strengths of SREI Equipment Finance IPO

Business strategy of SREI Equipment Finance IPO


SREI Equipment Finance Ltd – Financial Statements

The IPO consists of fresh issue equity shares of rupees 1100 crores, also it will sell up to 4,386,765 equity shares. The company is also considering a private placement of up to 2,500,000 equity shares, in consultation with book running lead managers.

A summary of the financial position of the company is presented below:

Assets of the Company

Assets (in INR & Millions)
  Mar’17 Mar’16 Mar’15 Mar’14 Mar’13
Non-Current Asset  111,331.40 94,404.80 93,097.70 92,211.20 99,052.10
Current Asset  60,970.40 62,213.50 69,846.60 69,078.50 64,693.30
Total Asset  172,301.80  156,618.30 162,944.30  161,289.70  163,745.40

The details would be updated shortly.

Revenue & PAT of the Company

Revenue & Profits (in INR & Millions)
  Mar’17 Mar’16 Mar’15 Mar’14 Mar’13
Total Revenue 24,953.30  26,150.90 26,097.80  26,193.30  23,737.70 
Profit after Tax (PAT)  1,488.40 1,203.80   1,540.00 2,334.70  2,654.60 

The details would be updated shortly.

Earnings per Equity Share

Earning per Equity Share (in INR)
  Mar’17 Mar’16 Mar’15 Mar’14 Mar’13
Basic  24.95  20.18  25.81  39.13  46.81
Diluted  24.95 20.18   25.81  39.13 46.81 

The details would be shortly updated herein and an analysis of the same would also be presented.


SREI Equipment Finance IPO Promoters

The details of the promoters would be shortly updated.

Promoter Interest in the company.

The details of the interest held by the promoters in the company would be updated in a few days.

Promoter Interest in property of the company

These details would be updated shortly.


SREI Equipment Finance IPO Offer Details or Issue Details

Offer The offer is expected to be close to Rs 1100 crores.
   
Of which  
Issue reserved for the Market Makers
Net Issue to the public
Of which  
Allotment to retail investors
Allotment to other investors
Equity Shares outstanding prior to the offer
Equity Shares outstanding after the Offer

 


SREI Equipment Finance IPO Issue Object

Will be declared and updated soon.


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SREI Equipment Finance IPO – Basis of the Offer Price

The IPO offer price is determined by the company and the lead managers by market evaluation and book building process. The price is also influenced by various qualitative and quantitative factors. Some such factors are discussed below.

The qualitative factors relevant to decide the issue price:

  • Market leading Indian CME financier with a strong brand name;
  • Asset-centric robust and disciplined business model; \
  • Strong partnerships with OEMs and SEPs making us well-positioned to access customers in the growing construction equipment financing sector;
  • Effective risk management and credit appraisal framework;
  • Strong parentage aided by an experienced Board and management team;

The quantitative factors relevant for the issue price are:

  • Earning per share
  • Price/earning ratio
  • Return on Net Worth
  • Weighted average EPS
  • Price / Book (P/B) Ratio
  • Net Asset Value – NAV per Equity Share

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SREI Equipment Finance IPO Lead Managers

  • CLSA India Private Limited,
  • Credit Suisse Securities (India) Private Limited,
  • ICICI Securities Limited,
  • Srei Capital Markets Limited,
  • IIFL Holdings Limited,
  • Motilal Oswal Investment Advisors Limited,
  • Nomura Financial Advisory and Securities (India) Private Limited and
  • Haitong Securities India Private Limited.

SREI Equipment Finance IPO Registrar to offer

Registrar to offer
Karvy Computershare Private Limited

SREI Equipment Finance IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking          
Sharekhan          
Kotak Securities          
ICICI Direct          
IIFL          
Edelweiss          
Zerodha          
5Paisa          
Karvy          
Motilal Oswal          

The ratings would be updated once the financials and the other details of the IPO are released.


SREI Equipment Finance IPO Grey Market Premium

Grey market for SREI Equipment Finance IPO would open 15 days before the release of the IPO.


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SREI Equipment Finance IPO News

News 1 : SREI Equipment Finance Limited – Draft Prospectus filed with SEBI


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