Share Samadhan Limited IPO

NiftyTrader • September 9, 2024

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Share Samadhan Limited IPO

Share Samadhan Limited IPO opens on September 9, 2024, and closes on September 11, 2024. The allotment for the Share Samadhan Limited IPO is anticipated to be completed on Thursday, September 12, 2024. The IPO will be tentatively listed on the BSE and SME on Monday, September 16, 2024.

Share Samadhan Limited IPO’s price band is Rs 70 to Rs 74 per share. The IPO is a book-built issue of Rs 24.06 crores. The issue is entirely a fresh issue of 32.51 lakh shares.

Share Samadhan IPO Details

IPO Date	September 9, 2024 to September 11, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹70 to ₹74 per share
Lot Size	1600 Shares
Total Issue Size	3,251,200 shares (aggregating up to ₹24.06 Cr)
Fresh Issue	3,251,200 shares (aggregating up to ₹24.06 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Shareholding pre-issue	9,018,903
Shareholding post-issue	12,270,103
Market Maker portion	163,200 shares

Share Samadhan IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹118,400
Retail (Max)	1	1600	₹118,400
S-HNI (Min)	2	3200	₹236,800

Share Samadhan IPO Objectives

The Company proposes to utilize the funds which are being raised towards funding the following objects and achieve the benefits of listing on the SME platform of BSE. The objects of the Issue are:

To Meet Working Capital Requirement.
To meet the expenses for Investment in Technology;
To meet the expenses for Unidentified Acquisition for Company (In India or Abroad);
To meet the General Corporate Purposes; and
To meet the Issue Expenses.

About Share Samadhan Limited

Share Samadhan Limited, formerly Tiger Island Hospitality Private Limited, was established in 2011 and specializes in investment recovery, wealth protection, and litigation funding. The company provides advisory services for retrieving and managing various financial assets and unclaimed dividends through Share Samadhan Limited. It also offers the Wealth Samadhan Card for comprehensive digital protection of investment data via Wealth Samadhan Pvt Limited. Additionally, Nyaya Mitra Limited, a subsidiary, delivers tailored litigation funding solutions. As of August 28, 2024, the company employs 48 people.

Share Samadhan Limited Financial Information

Share Samadhan Limited’s revenue increased by 261% and profit after tax (PAT) rose by 716% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,422.31	478.88	425.54
Revenue	996.13	276.14	242.14
Profit After Tax	391.01	47.92	60.7
Net Worth	1,128.79	359.27	313.84
Reserves and Surplus	226.9	248.15	202.73
Total Borrowing	87.09	61.85	60.38
			Amount in ₹ Lakhs

Share Samadhan IPO Reservation

Share Samadhan IPO offers 32,51,200 shares. 6,19,200 (19.05%) to QIB, 4,64,000 (14.27%) to NII, 10,81,600 (33.27%) to RII, and 9,23,200 (28.4%) to Anchor investors.

Investor Category	Shares Offered
Anchor Investor Shares Offered	9,23,200 (28.4%)
Market Maker Shares Offered	1,63,200 (5.02%)
QIB Shares Offered	6,19,200 (19.05%)
NII (HNI) Shares Offered	4,64,000 (14.27%)
Retail Shares Offered	10,81,600 (33.27%)
Total Shares Offered	32,51,200 (100%)

Share Samadhan IPO Timeline

Share Samadhan IPO opens on September 9, 2024, and closes on September 11, 2024.

IPO Open Date	Monday, September 9, 2024
IPO Close Date	Wednesday, September 11, 2024
Basis of Allotment	Thursday, September 12, 2024
Initiation of Refunds	Friday, September 13, 2024
A credit of Shares to Demat	Friday, September 13, 2024
Listing Date	Monday, September 16, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 11, 2024