Share Samadhan Limited IPO

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The company is a comprehensive solution provider focused on helping clients efficiently protect and retrieve their investments. We offer a range of services, including:

i. Investment Retrieval Services: They specialize in resolving investor grievances and unlocking the value of various financial assets such as equity shares, mutual funds, debentures, bonds, insurance, and more. Their services also extend to retrieving unclaimed dividends, interests, and addressing issues with old, lost, or damaged financial instruments.

ii. Wealth Protection: Through their subsidiary, Wealth Samadhan Private Limited, they offer the Wealth Samadhan Card, a digital investment repository solution. This service provides clients with a secure platform to record and store all their investment details in one place, ensuring the protection of their wealth.

iii. Litigation Funding Solutions: Through their subsidiary, Nyaya Mitra Limited, they provide litigation funding tailored to support legal disputes, including property matters, commercial disputes, shareholder disputes, and more. Their mission is to ensure that every litigant can pursue their legal rights without financial constraints.

At Share Samadhan, their dual objective is to lead the industry in reclaiming unclaimed investments and to offer comprehensive solutions for wealth protection. They are committed to empowering investors globally by continually refining their processes and expanding their reach.

Objects of the Share Samadhan Limited IPO:

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: i. To meet the expenses for Investment in Technology; ii. To meet the expenses for Unidentified Acquisition for Company (In India or Abroad); iii. To meet the Working Capital requirements of the Company; iv. To meet the General Corporate Purposes; and v. To meet the Issue Expenses.

Share Samadhan Limited IPO Details:

Open Date: Sep 09 2024
Close Date: Sep 11 2024
Total Shares: 3,251,200
Face Value: ₹ 10 Per Equity Share
Issue Size: 24.06 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 70 - 74 Per Equity Share
Listing At: BSE SME
Listing Date: Sep 16 2024

Promoters And Management:

Mr. Abhay Kumar Chandalia, 51, is the Promoter and Managing Director of the company with 27 years of experience, including 14 years in finance and management. He is a Chartered Accountant, Company Secretary, holds an LLB from the University of Rajasthan, and an MBA from the National Institute of Business Management. In 2015, he acquired Share Samadhan Private Limited. He is actively involved with NIRC-ICAI, CII Delhi, PHD Chamber of Commerce, and was previously a member of the Registered Valuer Organisation, ICSI. He has held key managerial positions at LNM Institute of Information Technology, Elin Group, Zuari Industries Ltd, and Intec Holdings Pvt Ltd, and served as Company Secretary at SKJL Himachal Infrastructure and Tourism Ltd for over 4 years. Mr. Vikash Kumar Jain, 46, is the Executive Director and Promoter of the company, with 22 years of experience in Investment and Money Retrieval Advisory services. A Chartered Accountant and Company Secretary, he currently assists investors in recovering lost or forgotten investments. He previously served as Manager at CEAT, Team Lead at Evalueserve, and Deputy General Manager of Finance at Carnation Auto India Pvt. Ltd. In 2015, he acquired Share Samadhan Private Limited. Mr. Shrey Ghosal, 38, is the Executive Director of the company, appointed on March 2, 2022. He is a qualified Company Secretary (CS) and holds an MBA in finance from IIPM, Ahmedabad. With over 12 years of experience, including more than 8 years in investment recovery and business development, he has been with the company since August 2014. Previously, he served as an Assistant Manager at ICICI Securities.

Financials of Share Samadhan Limited IPO:

Particulars ( In Lakhs )
2022
2023
2024
Revenue from Operations 242 276 983
Other Income 0.4 0.4 13
Total Revenue 242 276 996
Cost of Shares purchase 0 10 0
Changes in inventories 0 -10 4
Employees Benefit Expenses 114 135 234
Other Expenses 70 62 195
EBITDA 59 79 563
OPM (%) 24.40% 28.57% 56.53%
Depreciation & Amortisation 9 11 11
EBIT 50 68 553
Finance Cost 6 7 6
PBT 45 61 546
Tax 11 15 142
PAT 34 46 405
NPM (%) 14.06% 16.60% 40.63%
No.of Shares 122.70 122.70 122.70
EPS 0.27 0.37 3.29

Comparison With Peers:

Note :- There are no listed companies in India that are engaged in a business similar to this company

Recommendation on Share Samadhan Limited IPO:

1. Share Samadhan Limited operates as a one-stop solution for investment retrieval and wealth protection services. The company specializes in assisting clients with the recovery and protection of their financial investments across various asset classes. 2. These services are provided through three main verticals: i. Investment Retrieval Services ii. Wealth Protection Services iii. Litigation Funding Solutions 3. Mission and Vision Share Samadhan's mission is to lead the industry in reclaiming unclaimed investments and providing comprehensive solutions for wealth protection. The company aspires to empower investors globally by helping them efficiently retrieve their assets and secure their investments. To achieve this, Share Samadhan is committed to continually refining its processes, expanding its reach, and staying updated with industry trends and advancements. 4. Competition In a rapidly changing business environment characterized by evolving government policies and increasing competition, Share Samadhan faces the challenge of sustaining its market position. The company recognizes that its competition depends on various factors, including the dynamic business framework and the difficulty of retaining skilled staff. 5. The Revenue has Increased from Rs.2 Crores in FY22 to Rs.10 Crores in FY24. 6. The EBITDA has Increased from 59 Lakhs in FY22 to 5.6 Crores in FY24. 7. The PAT has Increased from 34 Lakhs in FY22 to 4 Crores in FY24. 8. As per FY24, CFO/EBITDA is 0.99, and EPS is 3.29, 9. Market Capitalization is 91 Crores and P/E is 22.43x based on FY24.

Lead Manager of Share Samadhan Limited IPO:

  1. Narnolia Financial Services Ltd

Registrar of Share Samadhan Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Share Samadhan Limited B-35, Lower Ground Floor, South Extension Part-II, New Delhi - 110049 Phone: 011- 49084044 Email: nfo@sharesamadhan.com Website: http://www.sharesamadhan.com/

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