Share Samadhan Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 70 to ₹ 74 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 32,51,200 shares (aggregating up to ₹ 24.06 Cr) |
| Fresh Issue | 32,51,200 shares (aggregating up to ₹ 24.06 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 90,18,903 |
| Share holding post issue | 1,22,70,103 |
| Market Maker portion | ₹ 1,63,200 shares Nikunj Stock Broke |
About Share Samadhan Limited IPO And Its GMP
Share Samadhan Limited is a one-stop solution, providing a wide range of services aimed at helping clients efficiently protect and retrieve their investments/money. These services include Investment retrieval through their company, Wealth Protection through Wealth Samadhan Private Limited and litigation funding solutions through Nyaya Mitra Limited, thereby assisting in resolving various disputes regarding blocked investments in any asset class largely on a success fees model.
They also offer wealth protection services through the Wealth Samadhan Card. Wealth Samadhan Card is a comprehensive digital investment repository solution designed to safeguard and streamline the protection of investment information.
- IPO OVERVIEW
- Issue Size:₹24.06 crores.
- Number of Shares:32.51 lakh shares (entirely a fresh issue).
- Price Band:₹70 to ₹74 per share.
- Application Lot Size:Minimum of 1600 shares.
- Subscription Period:Opens on September 9, 2024, and closes on September 11, 2024.
Managing Entities:
- Book Running Lead Manager:Narnolia Financial Services Ltd.
- Registrar:Skyline Financial Services Private Ltd.
- Market Maker:Nikunj Stock Brokers.
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.03% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
EnNutrica IPO Anchor Investors Details
| Bid Date | September 6, 2024 |
| Shares Offered | 923,200 |
| Anchor Portion Size (In Cr.) | 6.83 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 11, 2024 |
Company & Financials
Share Samadhan Limited, previously known as Tiger Island Hospitality Private Limited, was incorporated in 2011 and offers a wide range of services aimed at helping clients protect and recover their investments/money efficiently.
-
The company has three main business lines:
- 1. Investment Retrieval Services through Share Samadhan Limited: Investment Retrieval Services, which provides advisory services to unlock value and resolve investor issues related to various financial assets such as equities, preference shares, mutual funds, debentures, bonds, insurance, provident funds, deposits, bank accounts, debt and other asset classes. In addition, the company assists in the recovery of unclaimed and unpaid dividends and interest, as well as problems with old, lost, forgotten, or damaged financial instruments such as physical shares, old mutual fund securities, old insurance/PF securities, etc. and facilitates transfer and transmission procedures and other related services.
- 2. Wealth Protection services through Wealth Samadhan Pvt Limited: The Company also offers wealth protection services through the Wealth Samadhan Card. Wealth Samadhan Card is a comprehensive digital solution to protect and optimize the protection of investment data.
- 3. Litigation funding solutions through Nyaya Mitra Limited: The company also offers a range of litigation funding solutions tailored to the multi-faceted nature of litigation through its subsidiary Nyaya Mitra Limited.
Objectives of Share Samadhan IPO
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The Company proposes to utilize the funds that are being raised towards funding the following objectives and achieve the benefits of listing on the SME platform of BSE. The objectives of the Issue are:
- 1. To meet the expenses for Investment in Technology.
- 2. To meet the expenses for Unidentified Acquisition for Company (In India or Abroad).
- 3. To meet the Working Capital requirements of the Company.
- 4. To meet the General Corporate Purposes.
- 5. To meet the Issue Expenses.
Share Samadhan IPO Review
The company is engaged in the business of manufacturing and marketing cotton yarns of various counts. It posted growth in the top lines for the reported periods but marked inconsistency in its bottom lines. Based on FY24 super earnings, the issue appears to be aggressively priced. The offer document has many anomalies and missing information. There is no harm in skipping this “High Risk/Low Return” bet.
Share Samadhan Limited IPO And Its GMP Financial Information
Latest Revenue
996.13
₹ Crore
Profit After Tax
391.01
₹ Crore
Net Worth
1,128.79
₹ Crore
Total Borrowing
87.09
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 1,422.31 | 996.13 | 391.01 | 1,128.79 | 87.09 | ||||
| 31 Mar 2023 | 478.88 | 276.14 | 47.92 | 359.27 | 61.85 | ||||
| 31 Mar 2022 | 425.54 | 242.14 | 60.7 | 313.84 | 60.38 | ||||
| Amount in ₹ Crore | |||||||||
Share Samadhan Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| - |
Frequently Asked Questions
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Competitive Strengths
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Share Samadhan Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Monday, September 9, 2024 |
| IPO Close Date | Wednesday, September 11, 2024 |
| Basis of Allotment | Thursday, September 12, 2024 |
| Initiation of Refunds | Friday, September 13, 2024 |
| Credit of Shares to Demat | Friday, September 13, 2024 |
| Listing Date | Monday, September 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 11, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹118,400 |
| Retail (Max) | 1 | 1600 | ₹118,400 |
| HNI (Min) | 2 | 3,200 | ₹236,800 |