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 |
