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- Sameera Agro and Infra Ltd
Sameera Agro and Infra Ltd IPO
Mr. S. S. Murthy started within a moderate way development of land into residential layouts and plots, catering to needs of small, medium income group of people with schemes and installment to provide to the land buyers installment-based payment towards purchase of plots of land by the people. Under his leadership, the Company developed number of residential layouts in and around Hyderabad and Secunderabad, the then undivided State of Andhra Pradesh. The Company is into the fields of real estate, construction of residential apartments, villas, commercial complexes, townships, and infrastructure works laying and erection of gas pipelines, slurry pipelines etc.., for public sector undertakings, private sector industries.
From incorporation till 2013-14, Company has developed several real estate projects in and around Hyderabad. From 2014-15 onwards, it shifted to Infrastructure activities, subcontracts of government and private bodies/persons for irrigation works, road works, construction and beautification of walk ways, toll plazas, construction of buildings for government and public sector undertakings, execution of contract works for public works departments of state governments, laying and construction of interior roads across many villages in Telangana and Andhra Pradesh states.
With a diversified portfolio of real estate projects, it has undertaken customised real estate projects, infrastructure projects, marketing and commercialisation of developed land parcels. Further, as a part of the other business activity from year 2021, Company expanded to 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 is planning an Initial Public Offer of 34,80,000 Fresh Issue Equity Shares aggregating Rs 62.64 Crores.
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Sameera Agro and Infra Ltd IPO Timeline
Sameera Agro and Infra Ltd IPO opens on 21-Dec-2023, and closes on 27-Dec-2023. The Sameera Agro and Infra Ltd IPO bid date is from 21-Dec-2023 to 27-Dec-2023. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Sameera Agro and Infra Ltd IPO Opening Date | 21-Dec-2023 |
| Sameera Agro and Infra Ltd IPO Closing Date | 27-Dec-2023 |
| Basis of Allotment | 28-Dec-2023 |
| Initiation of Refunds | 29-Dec-2023 |
| Credit of Shares to Demat | 29-Dec-2023 |
| Sameera Agro and Infra Ltd IPO Listing Date | 01-Jan-2024 |
Sameera Agro and Infra Ltd IPO Lot Size
Sameera Agro and Infra Ltd IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or 144000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 800 | ₹144000 |
| Maximum | 1 | 800 | ₹144000 |
Sameera Agro and Infra Ltd IPO Details
| Sameera Agro and Infra Ltd IPO Date | 21-Dec-2023 to 27-Dec-2023 |
| Sameera Agro and Infra Ltd IPO Face Value | Shares of ₹10 per share |
| Sameera Agro and Infra Ltd IPO Price | ₹180 per share |
| Sameera Agro and Infra Ltd IPO Lot Size | 800 |
| Issue Size | Shares of ₹10 (aggregating up to ₹62.64 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹62.64 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Satya Murthy Sivalenka, Kameshwari Satya Murthy Sivale. |
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- 1 Construction of ongoing projects
- 2 Construction of new Multiplex
- 3 To meet the existing working capital requirement of the agro business
- 4 General corporate expenses
Company Financials
Sameera Agro and Infra Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 111.52 | 182.14 | 10.72 |
| 03-2023 | 58.09 | 138.82 | 10.04 |
| 03-2022 | 40.23 | 105.34 | 2.74 |
| Amount in ₹ Crore | |||
- Established Brand.
- Experienced Promoters and Management Expertise.
- Ability to shape locations and redefine the surrounding real estate geography.
- Differentiated and diversified product offerings.
- Cordial relations with our customers and contractors.
- Growing demand for agri products.
- There are certain outstanding legal proceeding involving its Promoter and Promoter Entities which may adversely affect the company business, financial condition and results of operations.
- The company derives a significant portion of its revenue from its Agro business. Therefore, factors that adversely affect the demand for such Agro business or the company position and reputation may adversely affect its business and results of operations.
- Majority of its state wise revenues from Agro operations for the last 3 financial years i.e.; March 2023, 2022 and 2021 is dependent majorly on Telangana and Andhra Pradesh. Any loss of business from may adversely affect its revenues and profitability.
- Since company is engaged in business of agricultural pulses, especially Toor Daal, Urad Daal, Moong Daal, Corn / Maize and Paddy, our company is dependent on continued supply of agro produce and fluctuations in agro pricing including the taxes and levies, could have adverse impact on the Company's business, financial condition and profitability.
- The production and supply of certain agricultural produce and commodities are subject to seasonal factors. The company inability to accurately forecast demand for the agro commodities that its trade, may have an adverse effect on the company business, results of operations, cash flows and financial condition.
- The company is dependent on third party transportation service providers for delivery of agricultural produce and other raw material to it from the company suppliers and delivery of its products to its customers. The company have not entered into any formal contracts with its transport providers and any failure on part of such service providers to meet their obligations could adversely affect its business, financial condition and results of operation.
- The company has working capital requirements. If its experience insufficient cash flows to make required payments on its debt or fund working capital requirements, there may be an adverse effect on its results of operations.
- Substantial portion of its revenues has been dependent upon limited number of customers.
- The company is dependent upon few suppliers for procurement of materials. In an eventuality where its suppliers are unable to deliver it the required materials in a time-bound manner it may have a material adverse effect on its business operations and profitability.
- Some or all of its Ongoing Projects may be delayed or may not be completed by their expected completion dates or at all. Such delays may adversely affect its reputation, business, results of operations and financial condition.
- The company has entered into several contract agreements for the development of its various real estate projects which contain certain conditions that may adversely affect its business, financial condition and results of operations.
- Its business and future results of operations of the Company may be adversely affected if its incur any time or cost overruns.
- The company's business and growth plan could be adversely affected by the incidence and rate of taxes and stamp duties, which could adversely affect its financial condition and results of operations.
- The company busines's is subject to various operating risks at its project sites, the occurrence of which can affect its results of operations and consequently, financial condition of the Company.
- The company continued success depends upon availability of adequate labour on timely basis. Any work stoppages or other labour related problems could adversely affect its business.
- The company failure to accurately forecast and manage inventory could result in an unexpected shortfall and/or surplus of products, which could harm its business.
- Orders placed by customers may be delayed, modified or cancelled, which may have an adverse effect on its business, financial condition and results of operations.
- There have been several instances of delay/ default in payment of statutory dues and filing of statutory returns by the Company in the past.
- A failure to obtain, retain and renew approvals, permits and licenses or changes in applicable regulations or their implementation could have an adverse effect on its business.
- The company operate in a competitive environment and face fair competition in its business from organized and unorganized players, which may adversely affect its business operations and financial condition.
- Any employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- The company's inability to effectively implement its growth strategies or manage its growth could have an adverse effect on its business, results of operations and financial condition.
- If the company is unable to raise additional capital for its business, it may delay the Company's growth plan and have a material adverse effect on its business and financial condition.
- The Company has not taken any insurance coverage which may protect it against certain operating hazards and from all losses and this may have an adverse impact on the financial conditions of the business.
- The company does not own the premises in which its registered office, corporate office, warehouse and factory are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect its operations.
- The Company has not registered the trademark. Its ability to use the trademark may be impaired if the same is not registered under the company name.
- Infrastructure projects are typically awarded to it on satisfaction of prescribed pre-qualification criteria and on subcontract basis.
- The Company had negative cash flow from certain activity in recent fiscals, details of which are given below.
- The Company has several Contingent Liability and Commitments which if materialize could affect its financial position.
- The Company has unsecured loans that may be recalled by the lenders at any time.
- The Company in the past has entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.
- The Promoters have provided personal guarantees for a portion of borrowings taken by Company to secure such loans.
- The Company has allotted Equity Shares during the preceding one year from the date of the Draft Prospectus which are lower than the Issue Price.
- In addition to normal remuneration or benefits and reimbursement of expenses, some of its directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- The company is dependent on a number of Key Management Personnel, including its Promoters, Directors, senior management, and the loss of or its inability to attract or retain such persons could adversely affect its business, results of operations and financial condition.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Offer. Further the company have not identified any alternate source of financing the 'Objects of the Offer'.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. The deployment of funds is entirely at the discretion of its management and as per the details mentioned in the section titled "Objects of the Issue". Any revision in the estimates may require it to reschedule the company expenditure and may have a bearing on its expected revenues and earnings.
- Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- The requirements of being a public listed company may strain our resources and impose additional requirements.
- The continuing effect of the COVID-19 pandemic on its business and operations is highly uncertain and cannot be predicted.
- The company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available on the internet.
- Expand the Business in new location.
- Continue our Focus on a Diversified Business Model.
- Expansion of marketing and distribution network.
- Focus on Performance and Project Execution.
- Continue our Focus on a Diversified Business Model.
Sameera Agro and Infra Ltd IPO Promoter Holding
| Pre Issue Share Holding | 97.49% |
| Post Issue Share Holding | 69.00% |
Sameera Agro and Infra Ltd IPO Subscription Status (Bidding Detail)
The Sameera Agro and Infra Ltd IPO is subscribed 2.8175 times on Dec 27, 2023 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Subscription (times) | - | - | - | - | 2.8175 |
Sameera Agro and Infra Ltd IPO Prospectus
Sameera Agro and Infra Ltd IPO Listing Date
| Listing Date | 01 Jan 24 |
| BSE Script | 91892 |
| NSE Symbol | SAIFL |
| Listing In | NSE - SME |
| ISIN | INE0PZA01015 |
| IPO Price | ₹180 |
| Face Value | ₹10 |
Sameera Agro and Infra Ltd IPO Registrar
KFin Techologies Ltd
Phone: +91 40 6716 2222;
Email: sameerainfra.ipo@kfintech.com;
Website: www.kfintech.com
Sameera Agro and Infra Ltd IPO Lead Manager(s)
- First Overseas Capital Ltd
FAQs on Sameera Agro and Infra Ltd IPO
Sameera Agro and Infra Ltd IPO, which opens for subscription from 21-Dec-2023 to 27-Dec-2023 has an issue size of ₹62.64 crore. The issue type is book building issue.
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Sameera Agro and Infra Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.
Sameera Agro and Infra Ltd IPO Opens for subscription from 21-Dec-2023 to 27-Dec-2023.
The lot size of Sameera Agro and Infra Ltd is 800 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹144000 and ₹144000 respectively.
Allotment date for Sameera Agro and Infra Ltd is 28-Dec-2023 and refund of application amount (in case allotment is not received) will begin from 29-Dec-2023. If your allotment goes through, then shares will be credited in your Demat account by 29-Dec-2023.
The registrar for Sameera Agro and Infra Ltd IPO is KFin Techologies Ltd . You can check your IPO allotment status on the registrar's website.
The shares of Sameera Agro and Infra Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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