The Shradha Infra IPO date has been confirmed to have started on November 27, 2017 and ended on November 30, 2017.
Using an IPO, Shradha Infra is seeking to raise Rs 18.93 crores. Its price is ₹70 per share.
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Bidding Dates
November 27-30
Price Range
₹70 per share
Face Value
₹10 per share
GMP
₹72.15
Shradha Infra IPO GMP
The Shradha Infra Limited IPO GMP is ₹72.15.
IPO Overview
The Shradha Infra IPO is a fixed-price offering worth Rs 18.93 crores. Bidding for the Shradha Infra IPO began on November 27, 2017 and closed on November 30, 2017. On December 11, 2017, the shares were listed on the NSE SME. The IPO price for Shradha Infra is Rs. 70 per share.
Shardha Infra is primarily engaged in 2 business segments:
- Development Business : The Development Business 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. The 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 involves leasing of the commercial properties. The commercial properties include corporate offices and educational institutions.
Shradha Infra IPO Details
IPO Date | November 27, 2017 to November 30, 2017 |
Listing Date | December 11, 2017 |
Face Value | ₹10 per share |
Price | ₹70 per share |
Lot Size | |
Total Issue Size | 2,704,000 shares (aggregating up to ₹18.93 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Shradha Infra IPO Reservation
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | – |
Market Maker Shares Offered | – |
Other Shares Offered | 1,352,000 (50.00%) |
Retail Shares Offered | 1,352,000 (50.00%) |
Total Shares Offered | 2,704,000 (100%) |
Company Profile

Shardha Infraprojects (Nagpur) Private Limited, founded in 1997, is a Nagpur-based real estate development firm that specialises in the development and sale of residential and commercial properties, as well as the development and leasing of commercial assets. The company is largely focused on premium developments in Nagpur, with a presence in residential, commercial, and hotel in mixed-use and single-segment complexes.
Registrar Info
Name | Bigshare Services Pvt Ltd |
Phone number | +91-22-6263 8200 |
Email ID | ipo@bigshareonline.com |
Website | ipo.bigshareonline.com |
Contact Details
Name | Shradha Infraprojects (Nagpur) Limited |
Phone number | +91 712 6617181 |
Email ID | investorinfo@shradhainfra.in |
Website | shradhainfra.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.