Shreeshay Engineers IPO

Shreeshay Engineers IPO

Shreeshay Engineers IPOBusiness description - Shreeshay Engineers is a real estate construction and engineering focused solutions company. The company has developed around 90,000 sq. ft. of built up real estate vide project(s) named “Kailas Jyoti I” and “Kailas Jyoti II” at Ghatkopar, Mumbai. Over the last few years; the company has been realigning its business policies and has increased its focus towards becoming the EPC arm of the group; with a view to develop a strong execution track record and goodwill in this segment. The company intends to leverage its management capabilities as well as group goodwill and become a real estate focused EPC player who can become a strong financing as well as technical partner to real estate developers hence allowing them to concentrate on core capabilities such as sales, liasoning, land acquisitions etc.

Promoters of Shreeshay Engineers – Mr Bhogin D Patel and Mr Kishore D Patel
Shreeshay Engineers IPO details
Subscription Dates 9 - 13 March 2018
IPO Price band INR15 per share
Fresh issue 3,600,000 shares (INR5.40 crore)
Offer for sale Nil
Total IPO size 3,600,000 shares (INR5.40 crore)
Minimum bid (lot size) 8,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Working Capital Requirement - INR4.92 crore
  • General Corporate Purposes - INR0.05 crore
  • Issue Expenses - INR0.43 crore
Shreeshay Engineers' financial performance (in INR lakh)
FY2013 FY2014 FY2015 FY2016 FY2017 7M FY2018
Total revenue 9.8 10.8 10.2 9.9 22.2 29.0
Expenses 13.0 14.1 3.5 3.5 3.0 7.7
Profit after tax -3.8 -4.5 4.4 4.4 15.6 15.4
Shreeshay Engineers' Contact Details

Shreeshay Engineers Limited
501, Kailas Plaza, V.B. Lane
Ghatkopar East
Mumbai - 400077

Phone: +91 22 2508 2300
Email: [email protected]
Website: www.shreeshay.com

Shreeshay Engineers IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.13
Day 2 0.78
Day 3 1.04
Shreeshay Engineers Valuation (Latest FY)

Earnings Per Share (EPS): INR1.79

Price/Earnings (P/E) ratio: 8.38

Return on Net Worth (RONW): 11.90%

Net Asset Value (NAV): INR27.00 per share

Registrar of Shreeshay Engineers IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Shreeshay Engineers IPO Allotment Status

Shreeshay Engineers IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Shreeshay Engineers

IPO Opening Date: 9 March 2018

IPO Closing Date: 13 March 2018

Finalisation of Basis of Allotment: 16 March 2018

Initiation of refunds: 19 March 2018

Transfer of shares to demat accounts: 20 March 2018

Listing Date: 21 March 2018

Listing Price on BSE SME: INR15.25 per share (up 1.67% from IPO price)

Closing Price on BSE SME: INR15.23 per share (up 1.53% from IPO price)

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