The Shreeshay Engineers date has been confirmed from March 9, 2018 and ended on March 13, 2018.
Shreeshay Engineers Developers IPO is a fixed price issue of Rs 5.40 crores. The price is ₹13 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹104,000.
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Bidding Dates
March 9-13
Price Range
₹13 per share
Face Value
₹10 per share
GMP
₹29.05
Shreeshay Engineers IPO GMP
The Shreeshay Engineers IPO GMP is ₹29.05.
IPO Overview
Shreeshay Engineers’ initial public offering (IPO) has a set price of Rs 5.40 crores. Shreeshay Engineers initial public offering (IPO) bidding began on March 9, 2018 and completed on March 13, 2018. On March 21, 2018, the shares were listed on the BSE SME. The IPO price for Shreeshay Engineers is 13 per share.
Thave just signed a deal for the construction of the real estate project Kailas Nagar. An application requires a minimum lot size of 8000 Shares. Retail investors must make a minimum commitment of ₹100,000.
Shreeshay Engineers IPO Details
| IPO Date | March 9, 2018 to March 13, 2018 |
| Listing Date | March 21, 2018 |
| Face Value | ₹10 per share |
| Price | ₹13 per share |
| Lot Size | 8000 Shares |
| Total Issue Size | 3,600,000 shares (aggregating up to ₹5.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 192,000 shares |
Shreeshay Engineers Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 140.46 | 128.36 | 124.85 | 124.40 | 137.41 | |
| Total Revenue | 22.17 | 9.90 | 10.19 | 10.78 | 9.79 | |
| Profit After Tax | 15.58 | 4.43 | 4.44 | (4.54) | (3.83) | |
Shreeshay Engineers IPO Listing Details
| Listing Date | March 21, 2018 |
| BSE Script Code | 541112 |
| NSE Symbol | |
| ISIN | INE452Z01012 |
| Final Issue Price | ₹13 per share |
Company Profile
Shreeshay Engineers Limited (SEL), founded in 2006, is a real estate construction and engineering firm specialising in material supply, design and contracting, and construction project management. The company is a subsidiary of the DKP Group, which has a significant position in the Mumbai real estate industry. At Ghatkopar, Mumbai, the company has developed around 90,000 square feet of built-up real estate via project(s) titled Kailas Jyoti I and Kailas Jyoti II.
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 | Shreeshay Engineers Ltd |
| Phone number | + 91-22-25082300/2400 |
| Email ID | info@shreeshay.com |
| Website | shreeshay.com |
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.
