Sameera Agro And Infra Limited IPO 🌱🏗️
ISSUE DETAILS 📊
- IPO Size: Rs. 62.64 Cr (Fresh issue aggregating up to Rs. 62.64 Cr)
- Face Value: Rs. 10 Per Equity Share
- Price Band: Rs. 180 Per Share
- Min Investment: 1,44,000 (800 Shares)
- Listing At: NSE SME
- Registrar: Kfin Technologies Limited
Mr. Satya Murthy Sivalenka And Mrs. Kameswari Satya Murthy Sivalenka are the promoters of the company.
ABOUT THE COMPANY 🏡🌾
Incorporated in 2002, Sameera Agro And Infra Limited, previously known as Sameera Homes Private Limited is an infrastructure development and construction company.
The company plans, develops, and constructs Residential and commercial spaces, Apartments, Townships, Multistoried complexes, Gated communities, Landscapes, Bridges, Flyovers, Subways, Alleys, Industrial parks, Laying of Water pipelines, Gas pipelines, and other related works.
In 2021, the company further expanded its business activities and ventured into processing, drying, sale, purchase, marketing, and distribution of agricultural commodities of pulses, cereals, grains, such as urad dal, moong dal, toor dal, etc., peeled and unpeeled, mung dal, black grans, green gram, mung beans, red lentils, yellow dal, split yellow peas, etc.
The company has a leased manufacturing and processing unit near Hyderabad which is accessible for all three states viz., Telangana, Karnataka, and Maharashtra. The Company is also in the process of acquiring processing mills on a lease basis at Guntur and Rajahmundry in Andhra Pradesh.
OFFER BREAKUP 💼
| Category | Allocation | Issue Size (Rs in Cr) |
| Other | 50% | 31.32 |
| Retail | 50% | 31.32 |
| Total | 100% | 62.64 |
IPO OBJECTIVES 🎯
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Construction of Ongoing Project;
- Construction of new Multiplex;
- To meet the existing Working Capital requirement for the agro-business; and
- General Corporate Expenses.
IPO TIMELINE ⏰
| IPO Open Date | 21-Dec -2023 |
| IPO Close Date | 27-Dec -2023 |
| Basis of Allotment Date | 28-Dec -2023 |
| Initiation of Refunds | 29-Dec -2023 |
| Credit of Shares to Demat Account | 29-Dec -2023 |
| IPO Listing Date | 01-Jan -2023 |
IPO STRENGTHS ✔️
- Experienced Promoters and Management Expertise
- Ability to shape locations and redefine the surrounding real estate geography
- Established Brand
- Differentiated and diversified product offerings
- Cordial relations with our customers and contractors
- Growing demand for agri products
IPO RISKS ⚠️
- There are certain outstanding legal proceedings involving their Promoter and Promoter Entities which may adversely affect their business, financial condition and results of operations.
- They derive a significant portion of their revenue from their Agro business. Therefore, factors that adversely affect the demand for such Agro business or their position and reputation may adversely affect their business and results of operations.
- The production and supply of certain agricultural produce and commodities are subject to seasonal factors. Their inability to accurately forecast demand for the agro commodities that we trade may hurt their business, results of operations, cash flows and financial condition
- A substantial portion of their revenues has been dependent upon a limited number of customers.
FINANCIAL DATA 💰
| Assets | Revenue | PAT | |
| 2021 | 3630.77 | 8009.53 | 122.15 |
| 2022 | 4022.60 | 10533.36 | 274.17 |
| 2023 | 5808.94 | 13881.83 | 1003.73 |
