Shradha Infraprojects Ltd IPO

Closed

Subscription Details

  • Open Date 27 Nov
  • Close Date 30 Nov
  • Lot Size 2000
  • IPO Size ₹ 18.93 Cr
  • IPO Price Range ₹ 70
  • Min Investment ₹ 140000

Shradha Infraprojects Ltd IPO Timeline

Open Date
27 Nov
Close Date
30 Nov
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 27,04,000 equity shares of Rs. 10 each (equity shares) of Shradha Infraprojects (Nagpur) Limited (SINL or the company) for cash at a price of Rs. 70 per share (the issue price), aggregating to Rs. 18.93 Crores (the issue), Consisting of fresh issue of 21,32,000 equity shares aggregating to Rs. 14.92 Crores and an offer for sale of 5,72,000 equity shares by the selling shareholder aggregating to Rs. 4.01 Crores (offer for sale), of which 1,44,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 25,60,000 equity shares of Rs.10 each is hereinafter referred to as the net issue. The issue and the net issue will constitute 28.04% and 26.55%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is Rs. 70 The issue price is 7.0 times of the face value.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Shradha Infraprojects Ltd IPO

Contact Information

Address

Shradha House Kingsway BlockNo,
F/8 Near Shri Mohini Complex,
Nagpur, Maharashtra 440001

Shradha Infraprojects Ltd IPO Lead Manager

Aryaman Financial Services Ltd
Open Demat Account