Shree Krishna Infrastructure (IPO) is all about to make its debut on 15 Nov 2018, with an issue size of 1.17CR.
Shree Krishna Infrastructure (IPO), situated in Gujarat, was founded in 1990 and is involved in the marketing, development, and maintenance of housing societies and organic farms, as well as the leasing of agricultural land for crop production.
Recently, the company began the following business activities:
1. The exchange of fragrant incense sticks.
2. Contract Farming- Amritanjali Ayurved (OPC) Private Limited has contracted the firm to grow Tulsi and Nepali Satavari.
3. Project- Agency (Sale, Marketing,) of Navigation Equipment and Maritime Consultancy for Navigation Aids in Gujarat
4. E-Vehicle Distribution Project- The firm is the “Exclusive Distributor” for M/s. Marine Navaids And Solar Auto Private Limited (MNSAPL), is a producer of solar-powered auto vehicles, is in the state of Gujarat.
Industry Overview
India is the fastest-growing G20 economy, with an annual growth rate of roughly 72%. The acceleration of structural changes, the transition to a rule-based policy framework, and low commodity prices have given a significant stimulus for development. Recent deregulation initiatives and attempts to make conducting business easier have increased international investment. The relatively high corporate income tax rates, a protracted land acquisition procedure, rules that remain severe in some places, poor company balance sheets, significant non-performing loans that impact on bank lending, and infrastructural bottlenecks continue to stymie investment. Quality job development has been limited, hampered by cumbersome labor rules.
A substantial tax overhaul would encourage inclusive growth. The proper and timely implementation of the Goods and Services Tax would benefit competitiveness, investment, and economic development. The government’s measures to lower the corporate income tax rate and widen the base will achieve the same results. These two ongoing changes are intended to be revenue-neutral, despite the fact that India need greater tax income to satisfy social and physical infrastructure demands. Property and personal taxation, which are paid by a small percentage of the population, should be modified to generate more money, promote social fairness, and allow sub-national governments to react to local needs more effectively. Increasing the clarity and predictability of tax legislation, as well as hiring more qualified tax officers, will boost tax administration and make the system more equitable.
Shree Krishna Infrastructure IPO Details
| IPO Date | Nov 15, 2018 to Nov 22, 2018 |
| Listing Date | Dec 3, 2018 |
| Face Value | ₹10 per share |
| Price | ₹13 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 900,000 shares(aggregating up to ₹1.17 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Jun-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 414.06 | 391.91 | 262.87 | 246.36 | 228.67 | 220.53 |
| Total Revenue | 33.36 | 76.50 | 61.49 | 58.11 | 21.49 | 12.43 |
| Profit After Tax | 1.24 | 3.53 | 1.48 | 2.53 | 3.29 | 0.74 |
Objects of the Issue
The objects of the Offer are-
1. To carry out the sale of 9,00,000 Equity Shares by the Selling Shareholders.
2. To achieve the benefits of listing the Equity Shares on the SME Platform of BSE.
The Company will not receive any proceeds from the Offer.
All the proceeds will go to the Promoter Selling Shareholders in their proportionate share contribution for the offer for sale.
Shree Krishna Infrastructure IPO Prospectus
Company Contact Information
Shree Krishna Infrastructure Limited
Bungalow No.36
Rang Residency,
Vadia, Rajpipla, Narmada- 393145,
Phone: +918849865932
Email: info@skifl.com
Website: http://www.skifl.com/
Shree Krishna Infrastructure IPO Registrar
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: http://www.satellitecorporate.com
Shree Krishna Infrastructure IPO Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
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