Shradha Infraprojects (Nagpur) Limited IPO Review

Shardha Infraprojects (Nagpur) Private Limited is engaged in the business of development and sale of residential and commercial properties. It is a Nagpur based real estate development company. This company is primarily operating in Nagpur focused on premium developments with a presence in residential, commercial and hospitality in mixed-use and single-segment developments. Their new public issue will be open for subscription since coming Monday. So let us check the Shradha Infraprojects (Nagpur) Limited IPO review through this post.

About Shradha Infraprojects (Nagpur) Limited IPO :

  • IPO Opens on – November 27, 2017.
  • IPO Closes on – November 30, 2017.
  • Face Value – Rs 10 Per Equity Share.
  • Issue Price – Rs 70 Per Equity Share.
  • Issue Type – Fixed Price Issue IPO.
  • Minimum Lot – 2,000 shares.
  • Offer for sale – 572,000 shares of Rs 10 aggregating up to Rs 4 Cr.
  • Fresh issue – 2,132,000 shares of Rs 10 aggregating up to Rs 14.92 Cr.
  • Retail Allocation – 50%
  • Issue Size – 2,704,000 Equity Shares of Rs 10 aggregating up to Rs 18.93 Cr .
  • Listing Exchange – NSE SME exchange.
  • Draft Prospectus – Download.

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.

About The Company –

  • Shardha Infraprojects (Nagpur) Private Limited is incorporated in 1997.
  • This company mainly involved in development and leasing of commercial properties.
  • Shardha Infraprojects have 2 business segments:1. Development Business – 

    The Development Business of this company 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. In 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 of this company involves leasing of the commercial properties which is include corporate offices and educational institutions.

  • Shardha Infraprojects (Nagpur) Private Limited also leases commercial and retail properties, including corporate offices and educational institutions.

Shradha Infraprojects (Nagpur) Limited

Shradha Infraprojects (Nagpur) Limited

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Promoters of the company :

  • Shri Sunil Raisoni.
  • Riaan Diagonistic Private Limited.

Company Financials:

Shradha Infraprojects (Nagpur) Limited IPO

Shradha Infraprojects (Nagpur) Limited IPO Review: The financial data reveals that the total revenue has a steady growth over the years apart from a dip in FY 2015. The profitability may not be consistent over the years but that may be due to the debts of the company. After the launch of this issue, the company will have adequate cash to invest in their construction and development business and that can improve the profitability. Hence, our Shradha Infraprojects (Nagpur) Limited IPO review has a NEUTRAL view on this issue. Only risk savvy investors can apply for a medium to long-term view.

Ankita has done her Diploma Engineering in Computer Science & Technology. She is pursuing her degree in Engineering and also well experienced in the equity market and real estate related content writing. She is the one who has developed the technical indicators section of our site.

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