Shantidoot Infra Services Limited IPO

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i. Since incorporation Shantidoot Infra has gained respect as a specialized provider of construction services to education, healthcare and hospitality sectors. Headquartered at Patna and currently operating business in the Indian states of Bihar and Jharkhand.

ii. The company operate from the state of Bihar which is developing state on various parameters of development indicators like health, education, basic infrastructure, etc. Considering, slow growth of all these developmental inputs retarded private sector players, from both in and outside, to invest their resources in Bihar. In such developmental milieu, our Promoter Mr. Avijeet Kumar a visionary with foresight and ground level experience of executing a wide array of social developmental & welfare projects conceptualized, to establish a Company mainly engaged in construction of institutional buildings like schools, colleges, hospitals, offices, hotels, etc.

iii. In a short span of three years, the company has evolved and grown exponentially into an initiative with a progressive outlook and technically sound professional approach. The company strive to provide innovative, integrated and satisfactory customized solutions to our clients as per their specific needs. We are positioned as a highly professional, reliable, safe, prompt & quality service provider in infrastructure service arena.

iv. Shantidoot Infra secure private sector contracts, in general, through one-to-one negotiation. The pricing of their services is determined through direct negotiation with the client on the basis of the type of construction, estimated project period and type of raw material, equipments & skilled manpower required for executing the project. In general, the services are provided to the customers on credit and they maintain an ongoing account of receivables from customers. The customers generally settle the account on periodic basis. Government contracts are secured through bids as per the public notice issued by government departments, corporations or undertakings.

v. Competitive Strengths :

  1. Experienced Management team and skilled manpower.
  2. Direct Relationship with Suppliers.
  3. Quality Assurance and Standards.
  4. Established relationship with Subcontractors.

Objects of the Shantidoot Infra Services Limited IPO:

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects : 1. Working Capital Requirements. 2. General Corporate Purposes
DRHP of Shantidoot Infra Services Limited IPO
RHP of Shantidoot Infra Services Limited IPO

Shantidoot Infra Services Limited IPO Details:

Open Date: Sep 06 2022
Close Date: Sep 09 2022
Total Shares: 496,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Issue
Issue Size: 4.02 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 81 Per Equity Share
Listing At: BSE SME
Listing Date: Sep 19 2022

Promoters And Management:

i. Mr. Avijeet Kumar, aged 50 years, is the Promoter, Managing Director and Chief Financial Officer of the Company. He was appointed as Managing Director with effect from March 23, 2022. Later, he was also designated as Chief Financial Officer of the Company with effect from March 21, 2022. A Doctorate (Ph. D.) in Social Science and was admitted as an Advocate on the Roll by Bihar State Bar Council, Patna in the year 2010. He is a dynamic leader with over 27 years in social service, technical and professional education sector. To propel technical and professional education & training, he worked with his colleagues to form Right Path Foundation, a Trust registered under Indian Trust Act 1882. The Trust has established Gautam Group under which employment oriented professional institutions with courses like nursing education & training, pharmacy, teacher training, ayurvedic medicine, etc. are conducted. ii. Mr. Tripurari Lal, aged 56 years, is the Executive Director of the Company since incorporation, later the designation was changed to Non-Executive Director w.e.f. July 09, 2022. He has completed Masters in History in the year 2004 and a Graduate in History (Hons.) from Magadh University, Bodh Gaya in the year 1997. He is an innovative thinker with Broad Based Expertise of more than 25 years across sectors in Social Service, Skill Development and Professional Education. His sphere of knowledge is in Policy Development, Management & Administration. He is a high integrity energetic leader known for Network development and organization of social service activities for slum children, women empowerment and environment protection. In a Company he is responsible for Policy development, Formulation of Rules & Regulations and Guidance to key functionaries, Purchase and Over all supervision. iii. Mr. Navin Kumar, aged 53 years, is the Non-Executive Director of the Company. He was appointed as Non-Executive Director w.e.f. March 23, 2022. He has completed his Degree in Bachelor in Science (Zoology Hons.) from Patna University, Patna in the year 1991. He has over all 7 years of experience in various sectors such as social development and welfare programmes and then shifted his career to medicine and health care marketing. He gained pan India experience in pharma marketing career. He acquired good knowledge in Planning, Administration, Monitoring, Coordination & Team Management, Marketing and Advocacy. His role in the company includes overseeing whether company’s programmes and projects are being executed in right direction as per its aim and objectives His ground-level marketing and face-to-face interaction experience with different types of stakeholders would be able to positively contribute to the growth & independent perspective of this infrastructure company.

Financials of Shantidoot Infra Services Limited IPO:

Particulars (in Cr) March 22 March 21 March 20
Revenue from operations 7.61 4.15 2.19
Cost of Materials Consumed 4.77 3.7 2.01
Employee Benefit Expense 0.13 0.09 0.04
Other Expense 0.38 0.23 0.10
Operating Profit 2.31 0.13 0.03
OPM% 30.46% 3.29% 1.80%
Finance Cost 0.04 0 0
Depreciation 0.37 0.02 0
Other Income 0.01 0 0
Profit (Loss) before tax 1.91 0.12 0.04
Profit (Loss) for the period 1.40 0.09 0.02
Earnings per share 6.82 0.45 0
 

Comparison With Peers:

Name of the Company P/E EPS RONW % Revenue (In Lakhs)
Shantidoot Infra Services Limited 8.94 9.06 89.57% 761
Samor Reality Limited 298 0.31 1 173
B-Right Real Estate Limited 19.67 7.78 0.80% 40
Jaiprakash Associates Limited -1.48 -6.37 NA -505.95
Ashoka Buildcon Limited -6.94 4.52 NA 187.98

Lead Manager of Shantidoot Infra Services Limited IPO:

  1. Gretex Corporate Services Private Limited

Registrar of Shantidoot Infra Services Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Shantidoot Infra Services Limited House No. 221, 2nd floor, Patliputra Colony, Patna- 800013 Phone: 0612-2271960 Email: info@shantidootinfra.com Website: https://shantidootinfra.com/

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