LIsted at Discount at 12.35 against the issue price of 13.
Shree Krishna Infrastructure Limited IPO
Shree Krishna Infrastructure Limited was incorporated as on 3rd Day of July 1990.
The Company is engaged in Buying, taking on lease, large size of plots to provide roads, drains, water supply, electricity and lights and within such land(s), and plot(s) to build residential houses and business premises and colonies; to carry on the business of financier and the hire purchase and hire sales and of commission agents to acquire, purchase, hire or lease agricultural lands and to cultivate any crop or crops for the benefit of the company.
Foray into the new Business
1. Trading of perfumed incense sticks: Shree Krishna Infrastructure Limited has recently started trading of perfumed incense sticks. In the month of August 2018, the company has exported one container of incense sticks to TOGO, a country in West Africa and expecting more order to be executed in the future.
2. Contract Farming: Shree Krishna Infrastructure Limited has planned to do contract farming at Nikoli, Taluka- Nandod, DistrictNarmada, Rajpipla-393145 Gujarat on a total land area of around 7.40 acres and intends to cultivate Tulsi and Nepali Satavari for Amritanjali Ayurved (OPC) Private Limited. To execute the same the company has already signed a business agreement dated May 30, 2017 with 3 land owners who will provide their land on the long term basis (10 Years) for the said purpose. The land owner will actively participate in cultivation, harvesting, fertilization, and production etc of said products. The plantation work is already completed.
3. Distribution Project of E-Vehicles: M/s. Marine Navaids And Solar Auto Private Limited (MNSAPL) is carrying on the business of manufacturing of solar operated Auto Vehicles and has agreed to designate Shree Krishna Infrastructure Limited as their “Exclusive Distributor” for the state of Gujarat vide their agreement dated March 31, 2018. The said agreement shall remain valid for 10 (Ten) years and further extendable with mutual consent of both the parties. The Distributor shall procure the orders based on the MNSAPL’s offers and act as the Distributor for supplying the said Products sourced from the MNSAPLas per the terms and conditions mentioned in the agreement. The Distributor can appoint sub-Dealers to market the products in the state.
Objects of the Shree Krishna Infrastructure Limited IPO:
Shree Krishna Infrastructure Limited IPO Details:
|Open Date:||Nov 15 2018|
|Close Date:||Nov 22 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||1.17 Cr.|
|Lot Size:||10,000 Shares|
|Issue Price:||₹ 13 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Dec 03 2018|
Promoters And Management:
Financials of Shree Krishna Infrastructure Limited IPO:
|Year||Revenue(lakh)||PAT(lakh)||EBITDA Margins||Profit Margins||EPS|
Recommendation on Shree Krishna Infrastructure Limited IPO:
Lead Manager of Shree Krishna Infrastructure Limited IPO:
Registrar of Shree Krishna Infrastructure Limited IPO:
Bid Details of Shree Krishna Infrastructure Limited IPO as on
22 Nov 2018 | 11:58:03 PM
|Category||No.of shares offered||No. of shares bid|
Discussion on Shree Krishna Infrastructure Limited IPO:
Finshore lead manager have come with all pathetic issues .
i am not sure why there is no monitoring for such issues where in retailer have almost 50 % holding
please save yourself and not worth looking at this issue
Being a small issue finshore will put in half the money and rest 50% will go to public (bakras)
this company is not worth even to comment
Thanks for your valuable comments tarun bhai.
The company has only 9 employees on the payroll. The link to check the name and the designation is available here. https://d2un9pqbzgw43g.cloudfront.net/main/employee.pdf
Certain of their Promoter Group and the Promoter, Directors, are involved in certain legal proceedings.
Market Regulator SEBI has imposed a penalty on their our Promoter, promoter group and directors for wrongful disclosure of shareholding, nondisclosure as per SEBI (Prohibition of Insider Trading) Regulation 1992, non disclosure as per SEBI (SAST) 1997 and violation of Section 11 C (3) read with Section 11(2) (I) of SEBI Act 1992
Last Three Years Average EPS is 0.261
PAT(2017-18)= 3.53 lakh
Price = 13
P/E= 50( Very High).
SME Platform was primarily formed by Govt to help small companies to raise money for business as getting credit from Banks , NBFCs etc were difficult. The SME sector is the backbone of the economy for jobs creations, growth point of view. However, lately, some companies are using this platform to raise money for themselves which is not at all acceptable.
This company with no vision of Business is coming up with an OFS. On prima facie it looks an avoid to me.
Leave a Reply
You must be logged in to post a comment.