A company in the real estate sector has given tremendous returns on the day of listing. This company is Shantidoot Infra Services Limited. Shares of Shantidoot Infra Services are listed at Rs 105 with a premium of around 30% on the BSE SME exchange. The shares of the company have been allotted to the public at the issue price of Rs 81. Shortly after the listing, the company’s shares reached the level of Rs 110.25 with the upper circuit on the BSE SME exchange.
Retail quota of IPO was subscribed more than 3 times
The public issue of Rs 4.02 crore was open for subscription on 6 September 2022. The company’s IPO was open for subscription till 9 September 2022. The company’s IPO got 2.85 times subscription in 4 days. The retail portion of the IPO was subscribed 3.33 times. Bigshare Services Private Limited was the official registrar of this IPO. This Bihar-based company had made a public issue offer at Rs 81 per share.
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Promoter’s shareholding increased to 72.07% after IPO
This initial public offering is a combination of fresh issue and offer for sale (OFS), as the company wanted to raise Rs 2.01 crore through fresh issue and Rs 2.01 crore through OFS route. Avijit Kumar is the promoter of the company. Post listing, the promoter’s shareholding in the company has come down from 99.60 per cent to 72.07%. The company’s financials have been strong in the last 3 financial years as the company’s total assets have increased from Rs 66.08 lakh in FY20 to Rs 3.52 crore in FY22.
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