SSSE IPO / SSS Engineers IPO Dates, Allotment, Size, Live Bid Details, GMP & more
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Shri Swami Samarth Engineers Limited IPO release date, IPO offer price, subscription, SSSE IPO / SSS Engineers IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
SSS Engineers IPO / SSSE IPO Review & Ratings
| SSSE IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.4/10 |
| Industry Ranking | 7.1/10 |
| Company Background | 8.2/10 |
| Company Reputation | 7.7/10 |
| Competitive Edge | 7.2/10 |
| Financial Statements | 8.0/10 |
| Popularity Index | 7.6/10 |
| Promoters Reputation | 8.0/10 |
| Retail Appetite | 7.5/10 |
| Top Brokers Review | 8.1/10 |
| Overall Ratings | 7.5/10 |
| Star Ratings | ★★★★☆ |
Summary of Shri Swami Samarth Engineers IPO
Their Company, Shri Swami Samarth Engineers Limited was incorporated on May 10, 2019 by conversion of a partnership firm “M/s. Shri Swami Samarth Engineers” under the provisions of Companies Act, 2013.
They are Government Contractors engaged in the business of Construction of Roads, Barrages, Dams and Allied Works based in Maharashtra and Karnataka. They have been executing various Irrigation Projects viz; Dams, Barrages, Irrigation Tunnels, Weirs and Canals etc. developed for Govt. of Maharashtra and Karnataka.
From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements
- As per the restated standalone financial statements for stub period/ fiscal year ended on September 30, 2019, March 31, 2019, March 2018 and March 31, 2017, the total revenue of their Company stood at Rs. 8456.71 lakhs, Rs. 12383.31 lakhs, Rs. 8355.79 lakhs and Rs.9705.84 lakhs respectively.
- Further, their PAT for the stub period/ fiscal year ended on September 30, 2019, March 31, 2019, March 31, 2018 and March 31, 2017 stood at Rs. 466.76 lakhs, Rs. 890.59 lakhs, Rs. 498.34 lakhs and Rs. 305.55 lakhs respectively.
The Promoter of this company is Mrs. Ranjana Bhaskar Mane. The lead manager to the issue is HEM SECURITIES LIMITED. The Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Shri Swami Samarth Engineers IPO Dates / Launch Date
The opening and the closing date of Shri Swami Samarth Engineers IPO is not known yet.
Shri Swami Samarth Engineers IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| 4th Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Shri Swami Samarth Engineers 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.
Shri Swami Samarth Engineers IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Shri Swami Samarth Engineers IPO Price Band / Cash Price
The face value of each share is Rs.10, and the cash price of the IPO is [●].
Shri Swami Samarth Engineers IPO Size
This Initial Public Issue of 43,68,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakhs.
Shri Swami Samarth Engineers IPO Share Offering
Fresh Issue: The Fresh Issue of 43,68,000 Equity Shares by their Company of Rs.10 each at a price of [●] per equity share aggregating to Rs.[●] lakh,
Net Offer: The Net Offer of up to [●] Equity Shares of Rs.10 each at price of Rs.[●] per Equity Shares aggregating to Rs.[●] lakhs
Shri Swami Samarth Engineers Limited – Company Overview
They are Government Contractors engaged in the business of Construction of Roads, Barrages, Dams and Allied Works based in Maharashtra and Karnataka. They have been executing various Irrigation Projects viz; Dams, Barrages, Irrigation Tunnels, Weirs and Canals etc. developed for Govt. of Maharashtra and Karnataka.
They currently derive majority of their revenues from contracts with government entities, including State of Maharashtra – Public Works Department (PWD), Maharashtra State Road Development Corporation (MSRDC).
Other local bodies in Maharashtra like Washim Irrigation Division, Amravati Irrigation Division, Akola Irrigation Division, National Highway Division, Solapur, National Highway Division, Akola, Chandrapur Medium Project, Division and from the Karnataka Urban Water Supply and Drainage Board, Dharwad.
Shri Swami Samarth Engineers Major Projects
Their Company also derives nominal revenue from its Wind Power Generation Project situated at Beladadi Village, Gadag District in the state of Karnataka. The Company was granted 0.225 MW capacity Wind Power Project from the Government of Karnataka vide order dated September 25, 2009 pursuant to recommendation from Karnataka Renewable Energy Development Limited.
The 0.225 MW capacity was granted under the transfer mode from out of 10MW capacity processed by Tejasri Developers Private Limited for sale of power entirely to Karnataka Power Transmission Corporation Limited.
SSS Engineers – Area of Business
Their Company was also engaged in the business of Hydro Power Generation in the past. However the same business is now transferred to their group company, Shree Swami Samarth Projects Private Limited vide agreement dated October 01, 2018.
Their Company was in the past awarded tender for collection of Vehicle Entry Tax within the limits of Pune Cantonment Board.
SSS Engineers – Bidding of Projects
They bid for the projects offered by government departments independently based on their technical and financial capacity. While they independently execute projects where they are pre-qualified to bid on an independent basis.
They also form joint ventures from time to time with other infrastructure and construction companies, where a project requires them to meet specific eligibility requirements to be met through the joint venture.
Shri Swami Samarth Engineers Successfully Executed Projects
Their Company has successfully completed many projects, which includes construction of Barrage, Road and Construction of Dam and Allied works. Their Company has 6 ongoing projects which include 3 Dam and Allied Works Project and 3 National Highway Projects with an aggregate Contract Value of Rs 68169.02 lakhs and 3 upcoming projects which include 1 Irrigation project and 2 Barrage Construction project with Contract Value of Rs 19266 lakhs.
Shri Swami Samarth Engineers Limited: Business strategies
- System Driven And Technology Savvy
- Expansion of Domestic Market actively bid for new projects-
- Strengthen Internal Systems and focus on Information Technology
- Attract, Train And Retain Qualified Personnel
SSSE IPO / SSS Engineers – Financial Statements
On the basis of Standalone statement:
| Amount (in INR & Lakhs) | ||||
| 30-Sep-19 | 31-Mar-19 | Mar-18 | 31-Mar-17 | |
| Total Assets | 10,299.59 | 10,293.32 | 7,994.19 | 8,465.91 |
| Total Revenue | 8,570.21 | 12,568.05 | 8,378.16 | 9,747.17 |
| Total Expense | 7,881.27 | 11,355.82 | 7,612.15 | 9,279.47 |
| Profit After Tax | 466.76 | 890.59 | 498.34 | 305.55 |
Earnings per Equity Share (in Lakhs)
| Amount (in INR & Lakhs) | ||||
| 30-Sep-19 | Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Basic & Diluted | 3.86 | 7.36 | 4.12 | 2.52 |
Shri Swami Samarth Engineers IPO – Promoters
The Promoter of this company is:
- Mrs. Ranjana Bhaskar Mane
List of Related Parties (Key Managerial Personnel)
- Mr. Krishandeo Chandrakant Tambile, Whole time Director & CFO
- Mr. Vikramsingh Vijaykumar Khatke, Chairman & Managing Director
- Mrs. Saranya N Murukesan, Company Secretary and Compliance Officer
Interest in promotion of the Company
Their Promoter is interested in the promotion of their Company and also to the extent of their shareholding and shareholding of their relatives, from time to time, for which they are entitled to receive dividend payable, if any, and other distribution in respect of the Equity Shares held by them and their relatives.
Interests of Promoter in property of their Company
Their Promoter do not have any other interest in any property acquired/rented by their Company in a period of two years before filing of this Draft Prospectus or proposed to be acquired by them as on date of Draft Prospectus
SSS Engineers IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 43,68,000 Equity Shares, aggregating up to Rs.[●] lakhs |
| Of which: | |
| Issue Reserved for the Market Makers | [●]Equity Shares aggregating up to Rs. [●] lakhs |
| Net Issue to the Public | [●]Equity Shares aggregating up to Rs. [●] lakhs |
| Of which: | |
| Retail Individual Investors | At least [●]Equity Shares aggregating up to Rs. [●] lakhs |
| Other than Retail Individual Investors | Not more than [●] Equity Shares aggregating up to Rs. [●] lakhs |
| Equity Shares outstanding prior to the Issue | 1,21,01,146 Equity Shares |
| Equity Shares outstanding after the Issue | 1,64,69,146 Equity Shares |
SSS Engineers IPO / SSSE IPO Issue Object
The Issue includes a fresh Issue of 43,68,000 Equity Shares of their Company at an Issue Price of Rs. [●] per Equity Share. They intend to utilize the proceeds of the Issue to meet the following objects:-
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Shri Swami Samarth Engineers Limited: Competitive Strength
- Government Contractor
- Quality Assurance.
- Timely completion of projects
- Healthy order book
- Efficient Business Model and Focus on equipments
- Leveraging the expertise of their Promoter and Senior Management.
SSS Engineers IPO / SSSE IPO – Basis of Offer Price
The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.
Qualitative factors are:
- Government Contractor
- Quality Assurance.
- Timely completion of projects
- Healthy order book
- Efficient Business Model and Focus on equipments
- Leveraging the expertise of their Promoter and Senior Management.
Shri Swami Samarth Engineers IPO – Quantitative Factors
| Basic & Diluted EPS | RONW in % | NAV (Rs.) | |
| 31-Mar-17 | 2.52 | 11.36% | – |
| 31-Mar-18 | 4.15 | 19.19% | – |
| *31-Mar-19 | 7.36 | 129.87% | 5.67 |
- Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.10 per each
| Particulars | P/E ratio |
| Highest | 8.05 |
| Average | 4.90 |
| Lowest | 3.21 |
Shri Swami Samarth Engineers Limited: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Book Value (Rs.) | |
| Shri Swami Samarth Engineers Limited | 10 | [●] | 7.36 | 129.87 | 5.67 |
| Listed Peers | |||||
| RKEC Projects Ltd. | 10 | 3.21 | 9.35 | 23.80 | 39.30 |
| J Kumar Infraproject Ltd. | 5 | 3.43 | 23.40 | 16.09 | 220.38 |
| HG Infra Engineering Ltd. | 10 | 8.05 | 19.54 | 19.21 | 101.73 |
SSSE IPO / SSS Engineers IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904,A Wing, Naman Midtown, SenapatiBapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000 Fax No.: +91- 022- 22625991 Website: www.hemsecurities.com Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Contact Person :Mr. Anil Bhargava SEBI Regn. No. INM000010981 |
SSSE IPO / SSS Engineers IPO Registrar to Offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address:-1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059, Maharashtra, India Tel No.:+91-022-62638200 Fax No.: +91-022-62638299 Website:www.bigshareonline.com Email:ipo@bigshareonline.com Contact Person: Mr. Arvind Tandel SEBI Regn. No.: INR000001385 |
Other Details:
- Statutory Auditor – M/s R K Jagetiya & Co
- Legal Counsel to the Company – SINGHI & SINGHI LAW CHAMBERS LLP
- Bankers to the Company – The COSMOS Co-Operative Bank Ltd
SSSE / SSS Engineers 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 |
SSS Engineers IPO / SSSE IPO Grey Market Premium
The Shri Swami Samarth Engineers 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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