About the Company:
Shreeshay Engineers Limited (SEL) is a real estate construction and engineering focused solutions company.In the past company has developed around 90,000 sq. ft. of built up real estate vide project(s) named “Kailas Jyoti I” and “Kailas Jyoti II” at Ghatkopar, Mumbai.
Over the last few years company has been realigning its business policies and recently they have increased their focus towards becoming the “EPC” arm of the group with a view to develop a strong execution track record.
About the DKP Group: DKP Group (Prompter Group Company) is a real estate & infrastructure focused Mumbai based 3rd generation business group operating since over 8 decades. It is currently promoted by Mr. Bhogin D Patel and Mr. Kishore D Patel. The group has a strong presence in real estate development. The group has been involved in real estate and construction activities since over 3 decades and has developed number of plots and buildings in and around the state of Maharashtra and Gujarat.
Further since company is part of the DKP Group which has large presence in the real estate market in and around Mumbai, Company believes that being an “EPC” focused business line will help garner sustainable business due to group synergy and going forward they will be able to leverage this experience to take EPC orders from other players in the Industry.
Company has recently entered into a works contracts with M/s. DKP Designers and Creators Pvt. Ltd. to develop and build 71,105 sq ft of carpet area and Company believe that going forward they can expect further such “arms length” business opportunities from the group.
Company been a real estate development company earlier and have developed and sold around 90,000 sq. ft. of built up real estate vide project(s) named “Kailas Jyoti I” and “Kailas Jyoti II” at Ghatkopar, Mumbai. However going forward they intend to become a “EPC” focused real estate contracting player.
Management Team:
- Mr. Kishore D Patel (Designation: Managing Director)
- Mr. Bhogin D Patel (Designation: Chairman & Non-Executive Non Independent Director)
- Mrs. Nisha B Patel (Designation: Non-Executive Non Independent Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Kishore D Patel | 24,43,160 | 12.96 |
| Bhogin D Patel | 20,40,218 | 13.94 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoters | ||
| Mr. Bhogin D Patel | 25.44% | 18.50% |
| Mr. Kishore D Patel | 21.24% | 15.45% |
| Promoter Group Entities | 53.32% | 38.78% |
| Total | 100% | 72.73% |
Objectives of the Issue:
- Funding Working Capital Requirement.
- Funding expenditure for General Corporate Purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 4.92 |
| General Corporate Expenses | 0.048 |
| Net Proceeds | 4.68 cr |
Financials of the Company:
| (in Lakhs) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 31st Oct 17 |
|---|---|---|---|---|---|---|
| Revenue | 9.79 | 10.78 | 10.19 | 9.90 | 22.17 | 28.96 |
| Net Profit | (-3.83) | (-4.54) | 4.44 | 4.43 | 15.58 | 15.35 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 9th March 2018 |
| Issue Closes on:. | 13th March 2018 |
| Issue Price | Rs.15 |
| Face Value | Rs.10 |
| Minimum Lot | 8000 |
| Minimum Investment | Rs.1,04,000 |
| Issue Constitutes | 27.27% |
| Issue Size | Rs.4.68 cr |
| Market Cap | Rs.17.16 cr |
| Listing at | BSE SME |
| Total Equity Shares Offered (Fresh) | 36,00,000 |
| Equity Shares Prior to the issue | 96,03,396 |
| Equity Shares after the issue | 1,32,03,396 |
Subscription Details:
| (Subscription-Category-Wise (no. of times) Till time : 06:00 PM) | Shares Offered | Day-1 | Day-2 | Day-3 |
|---|---|---|---|---|
| HNI | 17,04,000 | 0.12 | 1.22 | 1.22 |
| Retail | 17,04,000 | 0.15 | 0.43 | 0.99 |
| Others | 1,92,000 | 0.00 | 0.00 | 0.00 |
| Employee | ——— | —– | —– | —- |
| TOTAL | 36,00,000 | 0.13 | 0.78 | 1.05 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.79 | 8.38 | 11.90% | 27.00 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Avoid | NA | NA |
Grey Market Premium :
| Date | IPO | Price Band | Grey Market premium |
|---|---|---|---|
| 06/03/18 | Shreeshay Engineers Ltd | 15 | NA |
| Check IPO Allotment Status: |
|---|
Bigshare Website (click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| Shreeshay Engineers Ltd Address: 501, Kailas Plaza, V.B. Lane, Ghatkopar East, Mumbai – 400077 Tel No: +91 22 2508 2300/2400 Fax No: +91 22 2508 2400 Email: info@shreeshay.com Website: www.shreeshay.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel. No.: +91 22 6263 8200 Fax No.: +91 22 6263 8299 Email: ipo@bigshareonline.com Investor Email: investor@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 Tel No.: +91 22 6216 6999 Fax No.: +91 22 2263 0434 Email: info@afsl.co.in Investor Email: feedback@afsl.co.in Website: www.afsl.co.in |
