SVS Ventures, incorporated on December 21, 2015, as Hetarth Software Solutions, is in the business of construction and real estate development. It is focused primarily on constructing and developing residential and commercial projects in and around Ahmedabad, Gujarat.
| Bidding Dates |
|---|
| 30 Dec 2022 - 04 Jan 2023 |
| Subscription |
|---|
| 1.27x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 6000 | 5.6 M | ₹20 | 73.67 % | ₹112.4 M | RHP DOC |
SVS Ventures IPO SUBSCRIPTION STATUS
04 Jan '23SVS Ventures IPO overall subscription rate was 1.27 times the total available shares
SVS Ventures IPO retail subscription rate was 2.01 times in the retail segment
SVS Ventures IPO non-institutional investor subscription rate was 0.53 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
04 Jan 2023 (Day 4) | 2.01x | 0.53x | - |
03 Jan 2023 (Day 3) | 1.22x | 0.38x | - |
02 Jan 2023 (Day 2) | 0.87x | 0.26x | - |
30 Dec 2022 (Day 1) | 0.29x | 0.01x | - |
SVS Ventures FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| Q1FY23 | 1.4 | 13.0 | -25.3 | -25.3 |
| FY22 | 18.3 | 67.5 | 10.8 | -1.7 |
| FY21 | 2.7 | 135.5 | -1.4 | -1.5 |
| FY20 | 2.5 | 134.8 | -1.5 | -1.5 |
SVS Ventures IPO SUBSCRIPTION STATUS DETAILS
SVS Ventures had 5.6 M shares on offer
SVS Ventures IPO offer price was ₹20
SVS Ventures IPO minimum Investment was ₹120000
SVS Ventures IPO issue size was ₹ 112.4 M
SVS Ventures had a minimum lot size of 6000 Shares per application
SVS Ventures NUMBER OF SHARES ON OFFER
SVS Ventures IPO IMPORTANT DATES
| Issue Open Date | 30 Dec 2022 |
| Issue close Date | 04 Jan 2023 |
| Allotment Date | 09 Jan 2023 |
| Refund Date | 10 Jan 2023 |
| Demat Account Credit Date | 11 Jan 2023 |
| Listing Date | 12 Jan 2023 |
| Listing on Exchange(s) | BSE |
| SVS Ventures Allotment Status | Exchange |
SVS Ventures IPO subscription opened on 30 Dec 2022, and closed on 04 Jan 2023
IPO allotment for SVS Ventures was finalized on Monday, 09 Jan 2023
IPO listing for SVS Ventures was on BSE on Thursday, 12 Jan 2023
SVS Ventures IPO LISTING GAINS
| Issue Price (adjusted) | 20.0 |
| Listing Open Price | 20.5 |
| Listing Close Price | 21.5 |
| Listing Gain% | 2.5% |
| Current Gain% | -69.8% |
SVS Ventures Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SVS Ventures Ltd. | 6 | 12.9 | 12.6 | 0 | 0.7 | 3 | 2.4 | 17.3 | 19574.1 | 1 | 1250.1 | 0.5 | 1250.1 |
| DLF Ltd. | 650.1 | 160920 | 36.2 | -41.9 | 23.8 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1212 | 121094.4 | 29.4 | 0.7 | 6.7 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Prestige Estates Projects Ltd. | 1585.9 | 68309.5 | 60 | 0.5 | 5.2 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Phoenix Mills Ltd. | 1908.7 | 68267.3 | 53.3 | 1.8 | 15 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Oberoi Realty Ltd. | 1793.6 | 65215.7 | 24.8 | 0.9 | 10.3 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
SVS Ventures INFORMATION ON IPO ISSUE
About SVS Ventures
SVS Ventures, incorporated on December 21, 2015, as Hetarth Software Solutions, is in the business of construction and real estate development. It is focused primarily on constructing and developing residential and commercial projects in and around Ahmedabad, Gujarat.
Object of the Issue
- To meet the working capital requirements
- General corporate expenses
SVS Ventures - PROMOTERS
| Name |
|---|
| Shashikant Vedprakash Sharma |
SVS Ventures Lead Manager of the Issue
First Overseas Capital Limited
satish@focl.in
SVS Ventures Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
SVS Ventures Strengths
Scalable business model
The company's business model is customer-centric, and requires optimum utilisation of the existing resources, assuring quality supply and achieving consequent economies of scale
Quality assurance and standards
The company follows quality standards and is stringent about them. They are adhered to during the construction of projects
Cordial relations with customers and contractors
The management focuses on building strong relationships with customers and contractors. With this policy, the company gets repeat orders from customers
SVS Ventures Risks
Outstanding legal proceedings
There are certain outstanding legal proceedings involving the promoter and directors which may have an adverse decision. It could have a material effect on the business, results of operations and financial condition
Dependent on real estate market in Ahmedabad
The business is heavily dependent on the performance of, and the prevailing conditions affecting, the real estate market in Ahmedabad and in India generally
High working capital requirements
The company's operations are subject to high working capital requirements and its inability to maintain an optimal level of working capital required for business may impact the operations adversely
IPO FAQs
The promoter of the company is Shashikant Vedprakash Sharma.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 20.0 - 20.0.
The IPO application opens on Dec 30, 2022 and closes on Jan 04, 2023.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jan 09, 2023.
The refund will be credited to your account on Jan 10, 2023.
The allotted shares will be credited to your demat on Jan 11, 2023.
SVS Ventures Ltd.’s shares listed on the stock exchanges on Jan 12, 2023.