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Sonu Infratech IPO is a fixed price issue of Rs 8.64 crores. The issue is entirely a fresh issue of 24 lakh shares.
Sonu Infratech IPO bidding started from April 29, 2022 and ended on May 5, 2022. The allotment for Sonu Infratech IPO was finalized on Tuesday, May 10, 2022. The shares got listed on NSE SME on May 13, 2022.
Sonu Infratech IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
Swastika Investmart Ltd is the book running lead manager of the Sonu Infratech IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Sonu Infratech IPO RHP for detailed information.
| IPO Date | April 29, 2022 to May 5, 2022 |
| Listing Date | May 13, 2022 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,400,000 shares (aggregating up to ₹8.64 Cr) |
| Fresh Issue | 2,400,000 shares (aggregating up to ₹8.64 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,450,000 |
| Share holding post issue | 7,850,000 |
| Market Maker portion | 120,000 shares |
Sonu Infratech IPO offers 2,400,000 shares. 1,140,000 (47.50%) to NII, 1,140,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 120,000 (5.00%) |
| Other Shares Offered | 1,140,000 (47.50%) |
| Retail Shares Offered | 1,140,000 (47.50%) |
| Total Shares Offered | 2,400,000 (100%) |
Sonu Infratech IPO opens on April 29, 2022, and closes on May 5, 2022.
| IPO Open Date | Friday, April 29, 2022 |
| IPO Close Date | Thursday, May 5, 2022 |
| Basis of Allotment | Tuesday, May 10, 2022 |
| Initiation of Refunds | Wednesday, May 11, 2022 |
| Credit of Shares to Demat | Thursday, May 12, 2022 |
| Listing Date | [.] |
| Cut-off time for UPI mandate confirmation | 5 PM on May 5, 2022 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| Lot Size Calculator | |||
Mr. Ramji Shrinarayan Pandey and Mr. Ketan Vallabhdas Modi are the company promoters.
| Share Holding Pre Issue | 94.28% |
| Share Holding Post Issue | 65.45% |
Sonu Infratech Limited is engaged in the business of Civil Construction Services. The company's major business segments are Civil Construction Services, Building Construction, Mechanical Scaffolding, Plant Maintenance and Repairs and Maintenance and offer services such as piling, excavation, road preparation, land levelling, structural painting, building construction for commercial and industrial projects, mechanical scaffolding services including structuring and piping, Plant maintenance at various Reliance Plants and Farms, Nayara Maintenance, Repairs and Maintenance services such as plumbing, electrification, cleaning of vessels, etc.
Sonu Infratech Limited also owns and operates plants, machinery, and vehicles for all types of civil construction and infrastructure projects.
The company operates on a contract based model and is classified as a class "C" contract that allows them to bid on any type of military segment work in India. The company has successfully completed various contracts awarded by Military Engineering Services.
Competitive Strength:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Oct-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 5,503.07 | 4,319.18 | 2,902.96 | 2,696.21 | |
| Total Revenue | 3,239.50 | 4,076.69 | 4,114.07 | 3,412.77 | |
| Profit After Tax | 104.27 | 139.80 | 66.01 | 64.47 | |
The market capitalization of Sonu Infratech IPO is Rs 28.26 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 15.79 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] Based on its improved financial data, the issue is fully priced. It is also in the highly competitive and fragmented segment. Cash surplus/risk seeker may consider parking of funds with a long term perspective. Read detail review...
The Sonu Infratech IPO is subscribed 16.52 times on May 5, 2022 7:00:00 PM. The public issue subscribed 19.60 times in the retail category, times in the QIB category, and 13.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 13.43 |
| Retail | 19.60 |
| Total | 16.52 |
| Listing Date | May 13, 2022 |
| BSE Script Code | |
| NSE Symbol | SONUINFRA |
| ISIN | INE0JZA01018 |
| Final Issue Price | ₹36 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹36.00 |
| ₹36.00 |
| ₹36.00 |
| ₹37.80 |
| ₹37.60 |
Sonu Infratech Limited
Platinum 404,
4th Floor Park Colony,
Opp. Joggers Park Jamnagar -361008,
Phone: 0288 2555089
Email: info@sonuinfratech.com
Website: http://www.sonuinfratech.com/index.html
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliences@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Sonu Infratech IPO is a SME IPO of 2,400,000 equity shares of the face value of ₹10 aggregating up to ₹8.64 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.
The IPO opens on April 29, 2022, and closes on May 5, 2022.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sonu Infratech IPO using UPI as a payment gateway. Zerodha customers can apply in Sonu Infratech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sonu Infratech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sonu Infratech IPO opens on April 29, 2022 and closes on May 5, 2022.
Sonu Infratech IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
You can apply in Sonu Infratech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sonu Infratech IPO will be done on Tuesday, May 10, 2022, and the allotted shares will be credited to your demat account by Thursday, May 12, 2022. Check the Sonu Infratech IPO allotment status.
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