SSSE IPO / SSS Engineers IPO Dates, Allotment, Size, Live Bid Details, GMP & more

Let’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.Stock Broker Complaints


SSS Engineers IPO / SSSE IPO Review & Ratings

SSSE IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.4/10
Industry Ranking7.1/10
Company Background8.2/10
Company Reputation7.7/10
Competitive Edge7.2/10
Financial Statements8.0/10
Popularity Index7.6/10
Promoters Reputation8.0/10
Retail Appetite7.5/10
Top Brokers Review8.1/10
Overall Ratings7.5/10
Star Ratings★★★★☆

Summary of Shri Swami Samarth Engineers IPO

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 / DateQIBNIIRIITotal 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-1931-Mar-19Mar-1831-Mar-17
Total Assets10,299.5910,293.327,994.198,465.91
Total Revenue8,570.2112,568.058,378.169,747.17
Total Expense7,881.2711,355.827,612.159,279.47
Profit After Tax466.76890.59498.34305.55

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
30-Sep-19Mar-1931-Mar-1831-Mar-17
Basic & Diluted3.867.364.122.52

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 OfferedUp 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 InvestorsAt least [●]Equity Shares aggregating up to Rs. [●] lakhs
Other than Retail Individual InvestorsNot more than [●] Equity Shares aggregating up to Rs. [●] lakhs
 Equity Shares outstanding prior to the Issue1,21,01,146 Equity Shares
 Equity Shares outstanding after the Issue1,64,69,146 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 EPSRONW in %NAV (Rs.)
31-Mar-172.5211.36%
31-Mar-184.1519.19%
*31-Mar-197.36129.87%5.67
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.10 per each
ParticularsP/E ratio
Highest8.05
Average4.90
Lowest3.21

Shri Swami Samarth Engineers Limited: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Book Value (Rs.)
Shri Swami Samarth Engineers Limited10[●]7.36129.875.67
Listed Peers
RKEC Projects Ltd.103.219.3523.8039.30
J Kumar Infraproject Ltd.53.4323.4016.09220.38
HG Infra Engineering Ltd.108.0519.5419.21101.73

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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

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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