About the Company:
Shradha Infra Projects is a real estate development company, engaged in the business of development and sale of residential as well as commercial properties.
They are primarily operating in Nagpur focused on premium developments with presence in residential, Commercial and hospitality in mixed-use and single-segment developments.
Company’s Development Business spans all activities related to residential real estate development, from the identification and acquisition of land through to the planning, execution and sales of our development projects.
Company’s Lease Business involves leasing of their commercial properties.Company’s commercial properties include corporate offices and educational institutions.
Company is a cash rich company i.e. zero-debt company with Rs. 18 crores as liquid cash reserves ready to be deployed to leverage emerging opportunities.Financial strength and strong project pipeline makes them well positioned for changes in market conditions.
In future Company intends to focus on identifying and acquiring real estate assets in Pune, Nagpur and rest of the Vidarbha.
At the end of the FY 2016-17,Company has acquired 51.00% stake in Mrugnayani Infrastructures Private Limited, making it as their Subsidiary Company.Subsidiary Company has completed a project “Shradha Busiplex” at Hinganghat, Wardha-442301, Maharashtra.
Shardha Infra Projects primarily operates in 2 Business segments:
Development Business:
- The 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.
Lease Business:
- The Lease Business involves leasing of the commercial properties. The commercial properties include corporate offices and educational institutions.
Management Team:
- Mr. Sunil Raisoni (Designation: Managing Director)
- Mrs. Mragna Anunay Gupta (Designation: Non-Executive Non-Independent Director)
- Mr. Ravindra Singh Sighvi (Designation: Non-Executive Independent Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Mr. Sunil Raisoni | 9,93,200 | 4.07 |
| Riaan Diagonistic Private Limited | 19,50,000 | 0.38 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake (%) |
|---|---|---|
| Promoters | ||
| Mr. Sunil Raisoni | 13.22 | 10.30 |
| Riaan Diagonistic Private Limited | 25.96 | 14.29 |
| Promoters Group Entities | 60.82 | 47.37 |
| Total | 100% | 71.96% |
Objectives of the Issue:
- Investment in Suntech Infraestate Nagpur Private Limited to part finance the construction and development of Residential and Commercial Project “Victoria II”.
- Acquisition of Land or Land Development Rights
- General Corporate Purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Investment in Suntech Infraestate Nagpur Private Ltd | 10.00 |
| Acquisition of Land or Land Development Rights | 1.50 |
| General Corporate Purposes | 3.08 |
| Net Proceeds | 14.58 cr |
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 30th June 17 |
|---|---|---|---|---|---|---|
| Revenue | 2.02 | 2.45 | 1.62 | 27.86 | 40.66 | 5.70 |
| Net Profit | 1.17 | 1.00 | 0.90 | 8.71 | 4.66 | 1.47 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Shradha Infraprojects (Nagpur) Ltd | 10 | 6.22 | 11.25 | 15.29% | 105.75 |
| Arihant Superstructures Ltd | 10 | 6.47 | 18.38 | 29.01% | 222.95 |
| Emami Infrastructure Ltd | 2 | 6.36 | 13.30 | 59.26% | 10.73 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 27th November 2017 |
| Issue Closes on:. | 30th November 2017 |
| Issue Price | Rs.70 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 |
| Minimum Investment | Rs.1,40,000 |
| Issue Constitutes | 28.04% |
| Issue Size | Rs.18.92 cr |
| Market Cap | Rs.67.59 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 21,32,000 |
| Equity Shares Offered (OFS) | 5,72,000 |
| Total Equity Shares Offered (Fresh + OFS) | 27,04,000 |
| Equity Shares Prior to the issue | 75,10,568 |
| Equity Shares after the issue | 96,42,568 |
Important Dates:
| Finalization of Basis of Alottment | on or Before 6th December 2017 |
| Initiation of Refunds | on or Before 7th December 2017 |
| Credit of Equity Shares: | on or Before 8th December 2017 |
| Listing Date: | on or Before 11th December 2017 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 6.22 | 11.25 | 15.30 | 105.75 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Neutral | NA | NA |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the Below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| Shradha InfraProjects (Nagpur) Ltd Shradha House, Near Shri Mohini Complex, Kingsway, Block No. F/8, Nagpur- 440001, Maharashtra, India. Tel No.: +91- 712 – 6617181 Email: investorinfo@shradhainfra.in Website: www.shradhainfra.in |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st floor, Bharat Tin works Building, Opposite Vasant Oasis, Marol Maroshi Road, Marol, Andheri (East), Mumbai – 400059, Maharashtra, India Tel. No.: +91 – 22 – 6263 8200 Fax No.: +91 – 22 – 6263 8299 E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001, Maharashtra, India Tel No.: +91 – 22 – 6216 6999 Fax No.: +91 – 22 – 2263 0434 Email: ipo@afsl.co.in Website: www.afsl.co.in |
