Shantidoot Infra Services SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 06 Sep 2022 – 09 Sep 2022
- Listing date
- 19 Sep 2022
- Face value
- ₹10 per share
- Issue price
- ₹81 per share
- Lot size
- 1,600 shares
- Total issue size
- ₹4.02 Cr
- Market cap at offer price
- ₹14.56 Cr
- Promoter holding
- 99.60% → 72.07% pre-issue → post-issue
- ISIN
- INE0LU301014
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Gretex Corporate Services Ltd.
- Registered office
- House No.221, 2nd floor, Patliputra Colony, Bihar
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 0 | — | — |
| Market maker | 25,600 | — | — |
Application size
Minimum 1,600 shares per lot, in multiples, at ₹81
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,29,600 |
| S-HNI (min) | 2 | 3,200 | ₹2,59,200 |
| S-HNI (max) | 7 | 11,200 | ₹9,07,200 |
| B-HNI (min) | 8 | 12,800 | ₹10,36,800 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 9.06 | — |
| P/E (×) | 8.94 | — |
| Market cap | — | ₹14.56 Cr |
Key performance indicators
- Return on net worth
- 89.57%
- ROCE
- 93.00%
- Debt / equity
- 0.42
- PAT margin
- 18.00%
- NAV per share
- ₹313.47
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Shantidoot Infra Services SME
Shantidoot Infra Services Limited was originally incorporated on March 11, 2019 as a private limited company ('Shantidoot Infra Services Private Limited') and was converted into a public limited company on July 01, 2022. Headquartered in Patna, Bihar, the company operates in the Indian states of Bihar and Jharkhand and is mainly engaged in the construction of institutional buildings like schools, colleges, hospitals, offices and hotels; apart from new projects it also carries out re-designing, re-modelling and renovation of institutions. Its projects are categorized into two segments — Government sector (three State Government pond renovation/digging-and-construction projects under the JAL-JEEVAN-HARIYALI Mission) and Private sector (ongoing building construction for nursing, pharmacy, teacher-training and technical education institutes and a hospital). The company earns money from construction and works contracts: private contracts are secured through one-to-one negotiation with pricing set by direct negotiation with the client, while government contracts are secured through bids against public notices; services are generally provided on credit with receivables settled periodically. Revenues grew from ₹219.33 lakhs in fiscal 2020 to ₹761.25 lakhs in fiscal 2022 (a CAGR of 86.30%), and profit after tax rose from ₹2.81 lakhs in fiscal 2020 to ₹140.39 lakhs in fiscal 2022.
Company Analysis
from RHPShantidoot Infra Services Limited is a Patna (Bihar)-based construction company mainly engaged in the construction of institutional buildings such as schools, colleges, hospitals, offices and hotels, serving Government and Private sector clients in Bihar and Jharkhand.
Shantidoot Infra Services Limited was originally incorporated on March 11, 2019 as a private limited company ('Shantidoot Infra Services Private Limited') and was converted into a public limited company on July 01, 2022. Headquartered in Patna, Bihar, the company operates in the Indian states of Bihar and Jharkhand and is mainly engaged in the construction of institutional buildings like schools, colleges, hospitals, offices and hotels; apart from new projects it also carries out re-designing, re-modelling and renovation of institutions. Its projects are categorized into two segments — Government sector (three State Government pond renovation/digging-and-construction projects under the JAL-JEEVAN-HARIYALI Mission) and Private sector (ongoing building construction for nursing, pharmacy, teacher-training and technical education institutes and a hospital). The company earns money from construction and works contracts: private contracts are secured through one-to-one negotiation with pricing set by direct negotiation with the client, while government contracts are secured through bids against public notices; services are generally provided on credit with receivables settled periodically. Revenues grew from ₹219.33 lakhs in fiscal 2020 to ₹761.25 lakhs in fiscal 2022 (a CAGR of 86.30%), and profit after tax rose from ₹2.81 lakhs in fiscal 2020 to ₹140.39 lakhs in fiscal 2022.
Objects of the Issue
- Working Capital Requirements ₹ 132.00 Lakhs p.77
- General Corporate Purposes ₹ 42.23 Lakhs p.78
Issue Structure
- Total Issue
- ₹ 401.76 Lakhs (4,96,000 Equity Shares)
- Fresh Issue
- ₹ 200.88 Lakhs (2,48,000 Equity Shares)
- Offer for Sale
- ₹ 200.88 Lakhs (2,48,000 Equity Shares by Selling Shareholder Mr. Avijeet Kumar)
- Price Band
- Fixed Price Issue at ₹ 81.00 per Equity Share (no price band)
- Lot Size
- 1,600 Equity Shares and in multiples of 1,600 thereafter
- Face Value
- ₹ 10.00
Business Model
Revenue is earned from construction contract work and works contract work. Private sector contracts are secured through one-to-one negotiation, with pricing determined through direct negotiation with the client based on the type of construction, estimated project period and the raw materials, equipment and skilled manpower required; government contracts are secured through bids pursuant to public notices issued by government departments, corporations or undertakings. Services are generally provided to customers on credit, with an ongoing account of receivables that customers settle on a periodic basis.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Avijeet Kumar | Promoter | 89.70% | 63.53% |
| Ms. Rajani Kumar Singh | Promoter Group | 5.00% | 4.31% |
| Mr. Sanidhya Gautam | Promoter Group | 4.90% | 4.22% |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.