Shradha Infra projects (Nagpur) Private Limited is a real estate development company based in Nagpur, incorporated in 1997. The company focuses on the development and sale of residential and commercial properties, as well as the leasing of commercial properties.
The company’s development business involves acquiring land, planning, executing, and selling residential and certain commercial properties. The lease business involves leasing commercial properties such as corporate offices and educational institutions. Shardha Infra primarily operates in Nagpur, focusing on premium developments in mixed-use and single-segment developments.
Shradha Infra IPO Details
| IPO Date | Nov 27, 2017 to Nov 30, 2017 |
| Listing Date | Dec 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 Listing Details
| Listing Date | Dec 11, 2017 |
| BSE Script Code | |
| NSE Symbol | SHRADHA |
| ISIN | INE715Y01015 |
| Final Issue Price | ₹70 per share |
Industry Overview
According to industry reports, the Indian real estate sector is expected to grow at a compound annual growth rate (CAGR) of 7% from 2021 to 2026. The growth is primarily driven by factors such as increased urbanization, rising income levels, and favorable government policies such as tax incentives and relaxed regulations.
However, the industry has faced challenges in recent years such as the COVID-19 pandemic, liquidity crunch, and regulatory changes. The pandemic has led to a decline in demand for commercial properties, while the liquidity crunch has affected the availability of funds for developers. The regulatory changes have included reforms aimed at increasing transparency and protecting the interests of buyers and investors.
Company financials
| Company financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Total revenue | 2.0 | 2.5 | 1.6 | 27.9 | 40.7 | 5.7 |
| Total expenses | 0.5 | 1.1 | 0.5 | 16.0 | 35.5 | 3.7 |
| Profit after tax | 1.2 | 1.0 | 0.9 | 8.7 | 4.7 | 1.5 |
Objects of the Issue
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.
(b) Acquisition of Land or Land Development Rights; and
(c) General Corporate Purposes.
Shradha Infra IPO Prospectus
Company Contact Information
Shradha Infraprojects (Nagpur) Limited
Shradha House,
Near Shri Mohini Complex, Kingsway,
Block No. F/8, Nagpur – 440 001
Phone: +91 712 6617181
Email: investorinfo@shradhainfra.in
Website: https://shradhainfra.in/
Shradha Infra IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Shradha Infra IPO Lead Manager(s)
- Aryaman Financial Services Limited (Past IPO Performance)
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