Sameera Agro And Infra Limited IPO

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  1. Business Activities:
    • The company is engaged in infrastructure development and construction projects, covering a wide range of sectors, including residential, commercial, industrial, and civic infrastructure such as bridges, flyovers, and subways.
  2. History and Growth:
    • The company’s founder, Mr. S. S. Murthy, initiated land development projects, including residential layouts and plots, catering to the needs of small and medium-income groups. The company has experienced significant growth and diversification in its portfolio.
  3. Real Estate Development:
    • The company has a history of developing residential layouts and plots in and around Hyderabad and Secunderabad.
    • The real estate portfolio includes a diverse range of projects, including custom real estate projects, infrastructure projects, and the marketing and commercialization of developed land parcels.
  4. Expansion into Agriculture Industry:
    • In 2021, the company expanded its business into the agriculture industry, involving the processing, drying, sale, purchase, marketing, and distribution of agricultural commodities such as pulses, cereals, and grains.
  5. Processing Units and Warehouses:
    • The company has established manufacturing and processing units on a lease basis near Hyderabad, accessible to Telangana, Karnataka, and Maharashtra.
    • Plans are underway to acquire processing mills on a lease basis at Guntur and Rajahmundry in Andhra Pradesh.
  6. Revenue Breakdown:
    • Over the past three financial years, the company’s total revenues were distributed between the infrastructure industry (37.17%) and the agriculture industry (62.83%).
    • 100% of revenues were accounted for by the agriculture industry in the financial years 2021-22 and 2022-23.
  7. Real Estate Project Types:
    • The company’s business operations include the development of real estate projects in the residential, commercial, and plotting residential segments.
    • Project types include apartment-type complexes, villas, commercial complexes, and plotting schemes catering to small and medium-sized customers.
  8. Infrastructure Projects Executed:
    • The company highlights its involvement in infrastructure projects awarded by the governments of Telangana and Andhra Pradesh. These projects are typically awarded to registered and empaneled contractors.
    • The company also engages with private contractors who further subcontract infrastructure and construction projects.
  9. Revenue Sources and Contracts:
    • Revenue sources include both government contracts and private contractors for infrastructure projects.
    • The company emphasizes its eligibility for government contracts by being registered and empaneled with the governments of Telangana and Andhra Pradesh.

Objects of the Sameera Agro And Infra Limited IPO:

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.
RHP of Sameera Agro And Infra Limited IPO

Sameera Agro And Infra Limited IPO Details:

Open Date: Dec 21 2023
Close Date: Dec 27 2023
Total Shares: 3,480,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 62.64 Cr.
Lot Size: 800 Shares
Issue Price: ₹ 180 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jan 01 2024

Promoters And Management:

Mr. Satya Murthy Sivalenka, aged 58 years, is Promoter and Managing Director & CEO. is B. A Maths (Honors) from Osmania University, MBA from Institute of Public Enterprises. He has worked for about 11 years in Senior Positions in Large Corporates, such as Supreme Industries, Dynora Television, Nagarjuna Cements, Sujana Group of Industries etc., During the tenure of service he handled commercial operations, marketing, products penetration and promotions etc. He was Branch head in Supreme Industries Ltd - a 65 years old Giant in plastics and petro chemical industry and contributed to the top lines of the company to the tune of 25-30 Crores per Anum. For the past 24 years he is into Real Estate, Construction, Infrastructure, imports and exports, manufacturing of power saving equipment’s and solar energy lights. Distributors for Fiber Glass Wool used for insulation for the principals-Isover Saint Gobain of France and for Mudra Ceramics of Gaziabad for Bone China Crockery ware. Distributor for edible oil company Good Health Agrotech Limited, dealing in Sunflower oil, Groundnut oil, Soyabean Oil etc. Exported Basmathi rice of 5 kg pouches to Singapore, Indonesia, Malaysia etc, in the brand name of Anjali for about 2-3 years prior to Venturing into Infrastructure activities. Since, 6-8 years he has been mainly into infrastructure activities. Mrs. Kameswari Satya Murthy Sivalenka, aged 57 years, is a Promoter and Non-Executive Director of the Company. She has passed Secondary Education Hyderabad University. She has experience in the field of administration, business development and planning the growth of the organization. Before she joined Sameera Infra Projects Pvt. Ltd as Director, she worked in medium and small sized Corporates in various departments namely HR and administration, Relationship Management, Marketng etc. She also has experience in formulation of business strategies, growth plans, organizational structuring etc. She is assisting the Board of Directors in formulation of strategies and policies etc. Mr. Devanand Subba Rao Challagulla, aged 60 years, is a Non-Executive Independent Director of the Company. He is unschooled and hails from agriculture family and has got vast experience in forming and growing of commercial crops, in particular specialized in pulses, cereals and grains. For the past 25 years, he has been in the field and associated with various marketing yards in Telangana and Andhra Pradesh. He has been into farming, marketing and distribution of traditional and commercial crops.

Financials of Sameera Agro And Infra Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
6M-FY24
Revenue from Operations 8,009 10,534 13,882 9,437
Other Income 1 0 0 0
Total Revenue 8,010 10,534 13,882 9,437
Cost of Materials Consumed 7,442 10,175 12,334 8,409
Changes in Inventories 0 -196 -12 -18
Employee benefits expenses 37 63 92 47
Other Expenses 357 115 98 56
EBITDA 173 377 1,370 943
Depreciation & Amortisation 4 4 5 2
Finance Cost 0.1 0.2 0.2 0.1
EBIT 169 373 1,365 942
OPM (%) 2.16% 3.58% 9.87% 9.99%
PBT 169 373 1365 941
Tax 47 99 361 249
PAT 122 274 1004 692
NPM (%) 1.53% 2.60% 7.23% 7.34%
No.of Shares 119.09 119.09 119.09 119.09
EPS 1.02 2.30 8.42 5.81

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Sameera Agro And Infra Limited 139 10 8.42 21.4 180 214
JK Agri Genetics Ltd 201 -11 -23.29 N/A 410 190
* All the data is as per FY23.

Recommendation on Sameera Agro And Infra Limited IPO:

To be updated shortly

Lead Manager of Sameera Agro And Infra Limited IPO:

  1. First Overseas Capital Limited

Registrar of Sameera Agro And Infra Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

Sameera Agro And Infra Limited S 1, Plot No. 54 & 55, A. G. Arcade, Balaji Cooperative Housing Society, CK, Secunderabad - 500009 Phone: +91 40 40123364 Email: info@sameeraagroandinfra.com Website: https://www.sameeraagroandinfra.com/index.html

Discussion on Sameera Agro And Infra Limited IPO:

1 Comment

    Do not subscribe Sameera agro & infra ltd. This issue is already open and will close on 27th December. Income tax & GST not paid. How can stock exchange allow this company to come in the stock market & clear this issue is a big question mark. Don’t subscribe the issue its risky.

    Reply

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