The Sameera Agro and Infra IPO has garnered positive attention, with a noteworthy overall subscription figure of 0.95 times on Day 2. Its IPO has become a favorite as its HNI Portion was fully booked on Day 2. The Non-Institutional Investors (NII) category exhibited a robust oversubscription of 1.08 times. The Retail category reported a subscription figure of 0.83 times.
The IPO is still open, and is scheduled to close on December 27, 2023, at a fixed price of Rs 180 per share, with a face value of Rs 10 per share. The total issue size is 3,480,000 shares, aggregating up to Rs 62.64 Crores. Investors can bid for a minimum of 800 shares, and the listing will be on NSE SME.
- Issue Closes on: December 27, 2023
- Fixed Price: Rs 180 per share
- Face Value: Rs 10 per share
- Total Issue Size: 3,480,000 shares
- Minimum Bid: 800 shares
- Listing on: NSE SME
Financials
Sameera Agro And Infra Limited saw a revenue surge of 31.79 per cent and an impressive 266.1 per cent growth in Profit After Tax (PAT) between March 31, 2022, and March 31, 2023.
The Company
Sameera Agro And Infra Limited stands out due to its consistent growth trajectory and financial prowess. The company’s ability to outperform is attributed to its effective cost management, innovative strategies, and diversification across multiple business segments. The company has an impressive clientele, including Gas Authority of India (GAIL), Naolin Infrastructure Pvt. Ltd., Rasha Infrastructure, and Arrow Constructions Ltd. Its order book comprises ongoing projects like Residential Project-I and Residential Project-II, each contributing significantly to the total order value.
Upcoming projects
Upcoming projects, such as the Commercial and Multiplex Project, present lucrative opportunities for investors. The project’s parameters, including construction area, floors, and estimated cost, signify growth avenues.
Sameera Agro And Infra Limited’s growth aligns with the upward trajectory of the real estate and agribusiness sectors. Its differentiated and diversified product offerings, coupled with a customer-centric approach, have allowed the company to capitalize on growing demand in these sectors. The proposed Commercial and Multiplex Project reflects the company’s strategic vision to cater to diverse consumer segments.
