S S Infrastructure Development Consultants Limited) As on 05-Apr-2018 13:30:00 IST Total Issue Size 4278000 Total Bids Received 7377000 Total Bids Received at Cut-off Price 975000 No. of times issue is subscribed in retail category 1.26 No. of times issue is subscribed 1.72
c. For QIBs For the Basis of Allotment to Anchor Investors, Bidders/Applicants may refer to the SEBI ICDR Regulations 2009 or RHP/Prospectus. Bids received from the QIB Category (net of Anchor Portion) at or above the Issue Price shall be grouped together to determine the total demand under this portion. The Issue size less Allotment to Non Institutional Bidders and Retail shall be available for Allotment to Non- QIB Bidders who have Bid in the Issue at a price that is equal to or greater than the Issue Price. The Allotment to all the QIB Bidders will be made at the Issue Price. The QIB Portion shall be available for Allotment to QIB Bidders who have Bid in the Issue at a price that is equal to or greater than the Issue Price. Allotment shall be undertaken in the following manner: (a) In the first instance allocation to Mutual Funds for 5 % of the QIB Portion shall be determined as follows: In the event that Bids by Mutual Fund exceeds 5 % of the QIB Portion, allocation to Mutual Funds shall be done on a proportionate basis for 5 % of the QIB Portion. In the event that the aggregate demand from Mutual Funds is less than 5 % of the QIB Portion then all Mutual Funds shall get full Allotment to the extent of valid Bids received above the Issue Price. Equity Shares remaining unsubscribed, if any, not allocated to Mutual Funds shall be available for Allotment to all QIB Bidders as set out in (b) below; (b) In the second instance Allotment to all QIBs shall be determined as follows: In the event that the oversubscription in the QIB Portion, all QIB Bidders who have submitted Bids above the Issue Price shall be allotted Equity Shares on a proportionate basis, upto a minimum of 3000 Equity Shares and in multiples of 3000 Equity Shares thereafter for 35.06% of the QIB Portion. Mutual Funds, who have received allocation as per (a) above, for less than the number of Equity Shares Bid for by them, are eligible to receive Equity Shares on a proportionate basis, upto a minimum of 3000 Equity Shares and in multiples of 3000 Equity Shares thereafter, along with other QIB Bidders. Under-subscription below 4.85 % of the QIB Portion, if any, from Mutual Funds, would be included for allocation to the remaining QIB Bidders on a proportionate basis. The aggregate Allotment to QIB Bidders (including Mutual Funds) shall not be more than 14,22,000 Equity Shares.
7.1 BASIS OF ALLOTMENT a. For Retail Individual Bidders Bids received from the Retail Individual Bidders at or above the Issue Price shall be grouped together to determine the total demand under this category. The Allotment to all the successful Retail Individual Bidders will be made at the Issue Price. The Issue size less Allotment to Non-Institutional and QIB Bidders shall be available for Allotment to Retail Individual Bidders who have Bid in the Issue at a price that is equal to or greater than the Issue Price. If the aggregate demand in this category is less than or equal to 14,40,000 Equity Shares at or above the Issue Price, full Allotment shall be made to the Retail Individual Bidders to the extent of their valid Bids. If the aggregate demand in this category is greater than 14,40,000 Equity Shares at or above the Issue Price, the Allotment shall be made on a proportionate basis up to a minimum of 3000 Equity Shares and in multiples of 3000 Equity Shares thereafter.
b. For Non-Institutional Bidders Bids received from Non-Institutional Bidders at or above the Issue Price shall be grouped together to determine the total demand under this category. The Allotment to all successful Non- Institutional Bidders will be made at the Issue Price. The Issue size less Allotment to QIBs and Retail shall be available for Allotment to Non- Institutional Bidders who have Bid in the Issue at a price that is equal to or greater than the Issue Price. If the aggregate demand in this category is less than or equal to 11,94,000 Equity Shares at or above the Issue Price, full Allotment shall be made to Non-Institutional Bidders to the extent of their demand. In case the aggregate demand in this category is greater than 11,94,000 Equity Shares at or above the Issue Price, Allotment shall be made on a proportionate basis up to a minimum of 3000 Equity Shares and in multiples of 3000 Equity Shares thereafter.
*Details of SS infrastructure IPO and company* The Company incorporated in 2007, by two engineers with a zeal to offer structural engineering consultancy services for various types of buildings. It offers Architectural Planning, Civil/Structural designs, Project Management, Repair & Rehabilitation for different types of projects with expertise and specialization in strategic projects for *defence sector*. The Company has completed about 260+ projects since its inception and has about 20 projects in hand of around 11,000 crs in which order book for consultancy service allotted is 141.77 crs (115cr to materialize in the next 3 years) The Company generates about 75% of revenue from Government Sector, specially *Defence, Aviation* and *Administrative Offices* Around 45 projects are open for them to acquire, which will be bid for after IPO to achieve target ratio of revenue from private and public sector of 60:40.
*List of major clients* 1. Department of Tourism, Government of AP 2. Osmania University, Hyderabad 3. Airport Authority of India, New Delhi 4. Mahindra & Mahindra Ltd, Zaheerabad, AP 5. Cyient 6. Dr. Reddy's Laboratory 7. Hyderabad Cricket Association 8. UTC Ltd Granules Ltd 9. Alpha Design Technologies Pvt. Ltd.
*Popular projects* 1. Missile and explosive Storage & Maintenance Facilities 2. Hyderabad International Cricket Stadium 3. Cyient Enterprise Campus 4. Various projects cannot be mentioned because they are highly strategic to national security
*Facts about the company* 21 years of experience 120 Employees 28 Unique Customers Company
260+ Completed Projects 115+ Cr Order Book (against annual revenue of 24-28cr) 05 Locations
H1FY18 *Fee Receipt* 14.6cr *PAT* 2.8cr (Margin 19.17%) Annualized PAT 5.5cr(approx) Mcap at upper band ~56cr post issue proceeds of ~17cr PE ~10
Major strengths of issue *Long Association with the defense and scientific organisations of India* *Monopolistic market* *High value order book* *Attractive Valuation*
*Purpose of issue* Renovation of existing offices Opening of new branch office Purchasing of software Repayment of Secured & Unsecured loans availed by Company Funding the working capital requirements of Company (company has to put Bank Guarantees with the Govt)