IPO Details
Bidding Dates
21 Dec '23 - 27 Dec '23
Minimum Investment
₹144,000 / 1 Lots ( 800 Shares )
Price Range
To be announced
Maximum Investment
₹144,000 / 1 Lots ( 800 Shares )
Retail Discount
Not Applicable
Issue Size
₹62.64 Cr
Investor category and sub category
Retail Individual Investors | Non-Institutional Investors | Qualified Institutional Buyers (QIB) |IPO Dates
Important dates with respect to IPO allotment and listing
Anchor Date
Dec 20, 2023
Opening Date
Dec 21, 2023
Closing Date
Dec 27, 2023
Basis of Allotment
Dec 28, 2023
Initiation of Refunds
Dec 29, 2023
Credit of Shares to Demat
Dec 29, 2023
Listing Date
Dec 1, 2024
Cut-off time for UPI mandate confirmation
Dec 27, 2023
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Dec 21, 2023 |
0.26x | 0.27x | |
Day 2Dec 22, 2023 |
0.83x | 0.90x | |
Day 3Dec 26, 2023 |
2.38x | 1.83x | |
Day 4Dec 27, 2023 |
4.14x | 2.92x |
IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Retail Investors | 4.14 |
| Others | 1.70 |
| Total | 2.92 |
About Sameera Agro and Infra Limited
On March 8, 2002, Sameera Agro and Infra Limited was established under the name of Sameera Homes Private Limited. It was renamed "Sameera Infra Projects Private Limited" in 2020 and later changed to "Sameera Agro and Infra Private Limited" in 2023. Subsequently, it transitioned into a public limited company, becoming "Sameera Agro And Infra Limited" on April 28, 2023.
Sameera Agro and Infra Limited specialise in infrastructure development and construction. Their portfolio includes residential and commercial spaces, apartments, townships, multi-storied complexes, gated communities, landscapes, bridges, flyovers, subways, alleys, industrial parks, and the laying of water and gas pipelines.
In 2021, Sameera Agro and Infra Limited diversified into the agricultural sector. They now engage in processing, drying, selling, purchasing, marketing, and distributing agricultural commodities like various pulses and grains, including urad dal, moong dal, toor dal, black grams, green grams, mung beans, red lentils, and split yellow peas. Over two years, the company has built a robust network of customers, suppliers, and storage warehouses.
They operate manufacturing and processing units near Hyderabad, strategically located for access from Telangana, Karnataka, and Maharashtra. Additionally, they are expanding by acquiring processing mills on lease in Guntur and Rajahmundry, Andhra Pradesh.
Industry Outlook
- The agricultural sector in India is anticipated to reach ₹24 billion by 2025, making it a significant growth area. India's food and grocery market, one of the largest globally, predominantly thrives on retail, contributing to 70% of its sales. Based on the First Advance Estimates, the forecast for FY 2023's total foodgrain production is approximately 149.92 million tonnes.
- For the fiscal year 2023-24, the Indian government has significantly increased its infrastructure investment by 33%, allocating ₹10 lakh crore (about ₹122 billion), equivalent to 3.3% of the GDP. The National Infrastructure Pipeline (NIP) has expanded from its initial 6,835 projects to 9,142 projects across 34 sub-sectors.
- Within this initiative, there are 2,476 projects in development, requiring an investment of around ₹1.9 trillion. Transportation takes up nearly half of these projects, with 3,906 dedicated to roads and bridges.
Sameera Agro and Infra Limited IPO Details
Sameera Agro and Infra Limited IPO Dates
The IPO of Sameera Agro and Infra Limited is open for subscription from December 21, 2023 to December 27, 2023.
Sameera Agro and Infra Limited IPO's Price Band
Sameera Agro and Infra Limited’s IPO is a fresh issue IPO of up to ₹62.64 crore. It is a fixed price issue. The issue price is set to ₹180 per share.
Sameera Agro and Infra Limited IPO's Lot Size
The lot size for Sameera Agro and Infra Limited’s IPO is 800 shares with a minimum investment of ₹1,44,000.
Sameera Agro and Infra Limited IPO's Objectives
Sameera Agro and Infra Limited plans to allocate the net earnings from its recent issue for several key projects:
- Ongoing Construction Projects: The company is actively engaged in the development of two residential and one commercial project in Dharmavaram Village, Keesara Mandal, Medchal-Malkajgiri District, Hyderabad. An additional investment of ₹661.85 lakh is earmarked for these projects.
- New Multiplex Development: An allocation of ₹4969.05 lakh is set aside for establishing a multiplex in Dharmaram Village, Keesara Mandal, Medchal-Malkajgiri District. This facility is expected to be operational by Fiscal 2025.
- Working Capital for Agribusiness: To support its agro-business, Sameera Agro and Infra Limited intends to use ₹383.10 lakh of the net proceeds. This fund will bolster the working capital requirements during the Fiscal Year 2024.
- General Corporate Purposes: A sum of ₹100 lakh from the net proceeds is designated for general corporate expenses.
How To Check the Allotment Status of Sameera Agro and Infra Limited’s IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- As such, Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Sameera Agro and Infra Limited
Registered office: S 1, Plot No. 54 & 55, A. G. Arcade, Balaji Cooperative Housing Society, CK, Secunderabad - 500009, Telangana, India
Contact Person: Ms. Pratibha Shivprasad Kumrawat
Phone: +91 40 40123364
E-mail: info@synoptics.co.in
Company Financials
| Particulars | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Income | 13,881.83 | 10,533.56 | 8,009.53 |
| EBITDA Margin (%) | 9.87% | 3.58% | 2.16% |
| Profit After Tax (PAT) | 1,003.73 | 274.17 | 122.15 |
| PAT Margin (%) | 7.23% | 2.60% | 1.53% |
| Total Borrowings | 323.12 | 323.12 | 75.45 |
| Cash & Cash Equivalents | 2.16 | 0.75 | 16.31 |
| Return on Equity (%) | 53.46% | 31.38% | 20.37% |
| Return on Capital Employed (RoCE) (%) | 64.17% | 33.22% | 28.12% |
| Earning Per Share (EPS) in absolute ₹ | 11.91 | 6.50 | 2.90 |
Know before investing
Strengths
3-
Sameera Agro and Infra Limited attributes its growth to strong brand recognition and customer goodwill, fostered by a customer-centric approach, post-sale engagement, and effective grievance resolution, enhancing brand strength and sales in the Hyderabad and Secunderabad region.
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The rising consumption in various dining establishments, from street-side eateries to 5-star restaurants, presents significant growth opportunities and increased demand, potentially boosting the company's expansion.
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The National Infrastructure Pipeline (NIP) has grown from 6,835 to 9,142 projects across 34 sub-sectors. Currently, 2,476 projects are in development, with an investment of $1.9 trillion, nearly half in transportation, especially roads and bridges.
Risks
5-
A significant portion of the company's revenue comes from its agro-business. Adverse impacts on demand or the company's reputation in this sector could negatively affect its business operations and financial outcomes.
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The company's revenue from agro operations in the last three financial years primarily comes from Telangana and Andhra Pradesh. Any business loss in these regions could harm its revenue and profitability.
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The company relies on the consistent supply of these products by trading agricultural pulses like Toor Dal, Urad Dal, Moong Dal, Corn/Maize, and Paddy. Fluctuations in agro pricing, taxes, and levies could adversely impact its business, financial health, and profitability.
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The production and supply of certain agricultural commodities are subject to seasonal variations. Inaccurate demand forecasting for these commodities could negatively affect the company's business, operational results, cash flows, and financial condition.
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The company depends on external transportation services for delivering agricultural produce and raw materials. The lack of formal contracts with these providers poses a risk, as any failure to fulfil their obligations could adversely affect the company's business, financial condition, and operational results.
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Sameera Agro and Infra IPO FAQs
Sameera Agro and Infra Limited IPO is a fresh issue of up to ₹62.64 crore. It is a fixed price issue.
The Sameera Agro and Infra Limited’s shares will be allotted on December 28, 2023.
The IPO subscription window for Sameera Agro and Infra Limited will open on December 21, 2023.
Retail investors can apply for at least one lot, which is a size of 800 shares, with a sum of ₹1,44,000.
Sameera Agro and Infra Limited will be listed on NSE Emerge. The stock will be listed on January 1, 2024.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- As such, Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
