Shreeshay Engineers Ltd

Shreeshay Engineers

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:

  1. Mr. Kishore D Patel (Designation: Managing Director)
  2. Mr. Bhogin D Patel (Designation: Chairman & Non-Executive Non Independent Director)
  3. 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
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)


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


IPO Registrar Info:
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
Investor Email:


Lead Manager to the Issue:
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
Investor Email: