Sameera Agro plans to raise a total of 62.64 crore through an initial public offering (IPO), which will involve the sale of 34.80 lakh equity shares. These shares will be listed on the NSE’s emerge platform on January 1, 2024.
OVERVIEW
- The Sameera Agro initial public offering (IPO) is open from December 21 to December 27.
On Thursday, December 21, 2023, the bidding for Sameera Agro and Infra’s initial public offering (IPO) will begin. With an 800 equity share lot size, the company will sell its shares for Rs 180 apiece. The issue will be put to bid on Wednesday, December 27, 2023.
Founded in 2002, Sameera Agro And Infra previously known as Sameera Homes is a construction and infrastructure development company. It designs, develops, and builds residential and business areas, townships, apartments, skyscraper complexes, gated communities, landscapes, flyovers, bridges, alleys, subways, industrial parks, and more.
The company intends to sell 34.80 lakh equity shares as part of its IPO in order to raise a total of 62.64 crore. It is a fixed price band issue that will go live on the National Stock Exchange’s (NSE) Emerge platform on January 1, 2024.
Investors may place a bid for up to 800 equity shares, or multiples of that number, for a total of Rs 1,44,000.
While non-retail investors must bid for a minimum of two lots or 1,600 equity shares, totaling at least Rs 2,88,000 equity shares, retail investors may bid for a single lot or 800 equity shares. Kfin Technologies is the IPO registrar, and First Overseas Capital is the issue’s sole manager.
Expanding its business operations, Sameera Agro And Infra began processing, drying, selling, buying, marketing, and distributing agricultural commodities comprising pulses, cereals, and grains, including split yellow peas, urad dal, moong dal, toor dal, peeled and unpeeled, mung dal, black grans, green gram, mung beans, red lentils, yellow dal, and more.
It has a leased production and processing facility close to Hyderabad that is reachable from Telangana, Karnataka, and Maharashtra. Additionally, the company is in the process of leasing processing mills in the Andhra Pradesh cities of Guntur and Rajahmundry. For SVCM Securities, the market maker for Sameera Agro, it has set aside 184,000 equity shares.
Year over year (YoY), Sameera Agro And Infra’s revenue climbed by 31.79% to Rs 138.82 crore, and its profit after tax (PAT) increased by 266.1% to Rs 10.04 crore for the FY23. For the quarter that ended on September 30, 2023, the company recorded revenue of Rs 94.37 crore and a net profit of Rs 6.92 crore.
