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Issue Open Date
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27-Nov-17
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Issue Closing Date
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30-Nov-17
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Application Money
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100
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Allotment Money
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Price Band
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70
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Minimium Application No.
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2000
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Issue Size (Shares)
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2704000
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Market Lot
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1
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Objective
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Our Company intends to utilise the Net Proceeds for the following objects:(a) Investment in Suntech Infraestate Nagpur Private Limited to part finance the construction and development of Residential and Commercial Project “Victoria II”;(b) Acquisition of Land or Land Development Rights; and(c) General Corporate Purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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3336000
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Qualified Institutional Buyers
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90000
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Retail Individual Investors
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90000
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Business Description:
Our Company was incorporated as “Shradha Realty Private Limited” on September 29, 1997 under the Companies Act, 1956 with the Registrar of Companies, Mumbai at Maharashtra. The name of our Company was changed to “Shardha Infraprojects (Nagpur) Private Limited” and a fresh certificate of incorporation was issued on July 18, 2005. Further the status of our company was changed to a public limited company by a special resolution passed on August 21, 2017. A fresh Certificate of Incorporation consequent upon conversion of Company to public limited Company and , was issued on September 08, 2017 by the Registrar of Companies, Mumbai at Maharashtra and consequently name of our Company was changed to “Shradha Infraprojects (Nagpur) Limited”. Our Company’s Corporate Identification Number is U45200MH1997PLC110971. We are a real estate development company, engaged in the business of development and sale of residential as well as commercial properties (the “Development Business”) and the development and leasing of commercial properties (the “Lease Business”) as we believe this provides us with stable cash flows. We are primarily operating in Nagpur focused on premium developments with presence in residential, Commercial and hospitality in mixed-use and single-segment developments. Our Development Business spans all activities related to residential real estate development, from the identification and acquisition of land through to the planning, execution and sales of our development projects. Our residential properties include plotted developments, houses and apartments of varying sizes. Our Development Business also consists of the development and sale of certain commercial properties including those that are integral to the residential developments they are attached to. Our Lease Business involves leasing of our commercial properties. Our commercial properties include corporate offices and educational institutions. We use a knowledge-based approach from internal and external sources in making land acquisition, development and lease/sales decisions. We utilise an outsourcing model that emphasises quality design and construction. We work with reputable domestic architects and contractors. We believe that this outsourcing model provides us with the scalability required to undertake large developments and this joint venture model enables us to focus on the core area of operations. At the end of the FY 2016-17, we have acquired 51.00% stake in Mrugnayani Infrastructures Private Limited, making it as our Subsidiary Company. Our Subsidiary Company was incorporated on April 03, 2008 and is involved in the business of complete construction and parts thereof. Our Subsidiary Company has completed a project “Shradha Busiplex” at Hinganghat, Wardha-442301, Maharashtra. We expect to achieve benefits in form of capital appreciation from these investments, improvement in our financial results (as per “Subsidiary Accounting”) as well as future synergies if any. Further by making an additional investment in Suntech Infraestate Nagpur Private Limited through our object of the issue, it will become a Subsidiary Company and hence we would be able to consolidate its financial statements as per applicable accounting standards. We operate from our Registered Office located at Shradha House, Near Shri Mohini Complex, Kingsway, Block No F/8, Nagpur,- 440001, Maharashtra. Our revenue from operations, on a consolidated basis was M 561.98, M 4,041.19 and M 2,716.42 lakhs for Quater Ended June 30,2017, FY 2016-17and FY 2015-16, respectively. Our EBITDA, on a consolidated basis was M 204.81, M 542.47 lakhs and M 1,219.22 lakhs for Quater Ended June 30,2017, FY 2016-17 and FY 2015-16, respectively. Our profit for the period, on a consolidated basis, was M 148.06, M 467.16 lakhs and M 870.80 lakhs for Quater Ended June 30,2017, FY 2016-17 and FY 2015-16, respectively.
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Promoter's Holding
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Total Share Capital
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7510568
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Offered to Public
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2704000
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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100
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Address |
Shradha House
Near Shri Mohini Complex
Kingsway
Block No. F/8
Nagpur
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Maharashtra
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440001
Phone :
0712 – 6617181
Email :
investorinfo@shradhainfra.in
Website :
www.shradhainfra.in
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Registrar |
Bigshare Services Pvt Ltd
G 10 Left Wing Amruta Village
Opp: Yashoda Hospital
Raj Bhavan Road
Somajiguda
Hyderabad
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Listed at |
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NSE
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Lead Manager |
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Aryaman Financial Services Ltd.
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Promoters |
Riaan Diagonistic Pvt Ltd.
Sunil Raisoni
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