IPO Issue Details
Issue Price / Price Band₹70 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size27,04,000 shares (aggregating up to ₹18.93 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 27 Nov 2017
Subscription CloseThu, 30 Nov 2017
Anchor AllotmentSun, 26 Nov 2017
Basis of AllotmentWed, 06 Dec 2017
Initiation of RefundsThu, 07 Dec 2017
Credit of Shares to DematFri, 08 Dec 2017
Listing DateMon, 11 Dec 2017
UPI Mandate Deadline2017-11-30
Application & Investment Details
Retail — Min (1 Lots)140000 — 2000 shares
Retail — Max (13 Lots)₹1,820,000 (13 Lots)
HNI — Min (2 Lots)280000 — 4000 shares
Net Offer to Public25,60,000 shares (aggregating up to ₹17.92 Cr)
Reserved for Market Maker1,44,000 shares (aggregating up to ₹1.01 Cr)
Pre-IPO Promoter Holding75,10,568 shares
Post-IPO Promoter Holding96,42,568 shares
About Shradha Infraprojects (Nagpur) Ltd
Incorporated in 1997, Shardha Infraprojects (Nagpur) Private Limited is a Nagpur based real estate development company, engaged in the business of development and sale of residential as well as commercial properties and the development and leasing of commercial properties. Company is primarily operating in Nagpur focused on premium developments with presence in residential, Commercial and hospitality in mixed-use and single-segment developments. Shardha Infra is primarily engaged in 2 business segments: 1. Development BusinessThe Development Business includes activities related to residential real estate development, from the identification and acquisition of land through to the planning, execution and sales of the development projects. The residential properties include plotted developments, houses and apartments of varying sizes. The Development Business also consists of the development and sale of certain commercial properties. 2. Lease BusinessThe Lease Business involves leasing of the commercial properties. The commercial properties include corporate offices and educational institutions.
Objects of the Issue
Shradha Infraprojects (Nagpur) Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Investment in Suntech Infraestate Nagpur Private Limitedto part finance the construction and development of Residential and Commercial Project “Victoria II”
10
2
Acquisition of Land or Land Development Rights
1.5
3
General Corporate Purposes
3.1
Shareholding & Lock-in
Pre-IPO Promoter Holding
75,10,568 shares
Post-IPO Promoter Holding
96,42,568 shares