Sameera Agro IPO: Sameera Agro and Infra Initial Public Offering (IPO) is now open for subscription. The issue will close on December 27. The IPO is entirely a fresh equity issue of up to 34.8 lakh equity shares. The company looks to raise Rs 62.64 crore from the issue.
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Sameera Agro IPO Price
It is offering its equity shares at Rs 180 apiece. Investors can bid for 800 shares in 1 lot. While 50 per cent of the offer is reserved for retail investors, the remaining 50 per cent is for others.
Sameera Agro IPO Allotment Date
According to the DRHP, First Overseas Capital is the lead manager to the issue. The official registrar to the issue is Kfin Technologies.
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Bidders can check the IPO allotment status on https://ris.kfintech.com. The allotment will likely be declared on December 28.
The company’s shares will get listed on the NSE SME platform. The listing will likely be done on January 1.
The company is a multi-faceted infrastructure development and construction of residential, commercial spaces, apartments, townships, multi-storied complexes, gated communities, landscapes and other related works. For the period ended September 2023, the firm reported revenues of Rs 94.36 crore and net profit of Rs 6.92 crore. It has an outstanding orderbook worth over Rs 100 crore which will be completed in the current financial year.
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The net proceeds will be used for construction of ongoing projects, new multiplex, working capital requirements and general corporate purposes.
