Sameera Agro and Infra was incorporated on 8 March 2002. The company is engaged in multifaceted infrastructure development and construction, including 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, among other related works. Additionally, from 2021, the company expanded its operations to include processing, drying, sale, purchase, marketing, and distribution of agricultural commodities such as pulses and cereals. These include urad dal, moong dal, toor dal – both peeled and unpeeled – mung dal, black grams, green gram, mung beans, red lentils, yellow dal, split yellow peas, and more.
| Bidding Dates |
|---|
| 21 Dec 2023 - 27 Dec 2023 |
| Subscription |
|---|
| 2.82x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,44,000 | 1 | 1 | 800 | 3.5 M | ₹180 | 69 % | ₹626.4 M | RHP DOC |
Sameera Agro IPO SUBSCRIPTION STATUS
27 Dec '23Sameera Agro IPO overall subscription rate was 2.82 times the total available shares
Sameera Agro IPO retail subscription rate was 3.92 times in the retail segment
Sameera Agro IPO non-institutional investor subscription rate was 1.72 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
27 Dec 2023 (Day 4) | 3.92x | 1.72x | - |
26 Dec 2023 (Day 3) | 2.2x | 1.32x | - |
22 Dec 2023 (Day 2) | 0.77x | 1.03x | - |
21 Dec 2023 (Day 1) | 0.22x | 0.27x | - |
Sameera Agro 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) | Margins |
| Q2FY24 | 69.2 | 943.7 | 1.0 | 1.0 | 10.0% |
| FY23 | 100.4 | 1,388.2 | 0.1 | 0.1 | 9.9% |
| FY22 | 27.4 | 1,053.4 | -1.6 | -1.6 | 3.6% |
| FY21 | 12.2 | 800.9 | 52.6 | 52.6 | 2.2% |
Sameera Agro IPO SUBSCRIPTION STATUS DETAILS
Sameera Agro had 3.5 M shares on offer
Sameera Agro IPO offer price was ₹180
Sameera Agro IPO minimum Investment was ₹144000
Sameera Agro IPO issue size was ₹ 626.4 M
Sameera Agro had a minimum lot size of 800 Shares per application
Sameera Agro NUMBER OF SHARES ON OFFER
Sameera Agro IPO IMPORTANT DATES
| Issue Open Date | 21 Dec 2023 |
| Issue close Date | 27 Dec 2023 |
| Allotment Date | 28 Dec 2023 |
| Refund Date | 29 Dec 2023 |
| Demat Account Credit Date | 29 Dec 2023 |
| Listing Date | 01 Jan 2024 |
| Listing on Exchange(s) | NSE |
| Sameera Agro Allotment Status | Exchange |
Sameera Agro IPO subscription opened on 21 Dec 2023, and closed on 27 Dec 2023
IPO allotment for Sameera Agro was finalized on Thursday, 28 Dec 2023
IPO listing for Sameera Agro was on NSE on Monday, 01 Jan 2024
Sameera Agro IPO LISTING GAINS
| Issue Price (adjusted) | 36.0 |
| Listing Open Price | 180.0 |
| Listing Close Price | 171.0 |
| Listing Gain% | 0.0% |
| Current Gain% | -86.1% |
Sameera Agro 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sameera Agro And Infra Ltd. | 5 | 6 | 2.1 | 0.1 | 0.1 | 10.8 | 7.7 | 274 | 15.9 | 14.5 | 17.3 | 2.4 | 17.2 |
| LT Foods Ltd. | 427.6 | 14846.8 | 23.2 | 7.3 | 1.3 | 13.8 | 6.9 | 11023.1 | 25.7 | 625.4 | 3.3 | 18.4 | 3.2 |
| Godrej Agrovet Ltd. | 542.8 | 10442.3 | 23.4 | -12.8 | 1 | 23.3 | 7.7 | 10338.5 | 9.7 | 472.8 | 10 | 23.2 | -1.8 |
| KRBL Ltd. | 378.6 | 8666.9 | 13.4 | 0.4 | 1.4 | 11.2 | 9.8 | 6168.2 | 9.1 | 648 | 36.1 | 28.3 | 36.1 |
| Gujarat Ambuja Exports Ltd. | 169.2 | 7761.6 | 18.7 | 0.2 | 1.3 | 9.2 | 7.3 | 5835.8 | 24.3 | 304.3 | 22 | 9.1 | 75.1 |
| Kaveri Seed Company Ltd. | 764.4 | 3932.3 | 13.3 | 2.6 | 2.8 | 16.8 | 10.7 | 1424.1 | 13.8 | 295.8 | 5.2 | 57.5 | 5.2 |
Sameera Agro INFORMATION ON IPO ISSUE
About Sameera Agro
Sameera Agro and Infra was incorporated on 8 March 2002. The company is engaged in multifaceted infrastructure development and construction, including 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, among other related works. Additionally, from 2021, the company expanded its operations to include processing, drying, sale, purchase, marketing, and distribution of agricultural commodities such as pulses and cereals. These include urad dal, moong dal, toor dal – both peeled and unpeeled – mung dal, black grams, green gram, mung beans, red lentils, yellow dal, split yellow peas, and more.
Object of the Issue
- Construction of ongoing project
- Construction of a new multiplex
- To meet the existing working capital requirements for the agro-business
- General corporate expenses
Sameera Agro - PROMOTERS
| Name |
|---|
| Satya Murthy Sivalenka |
| Kameswari Satya Murthy Sivalenka |
Sameera Agro Lead Manager of the Issue
First Overseas Capital Limited
mb@focl.in
Sameera Agro Registrar to the issue
Kfin Technologies Private Limited
sameerainfra.ipo@kfintech.com
Sameera Agro Strengths
Established Brand
The company's customer-centric approach involves comprehensive support to customers from enquiry to delivery of possession of units, as well as measures implemented to address any customer grievances
Experienced promoters
The Promoters and senior management team have significant experience in the Indian real estate industry, enabling them to identify suitable projects for development
Sameera Agro Risks
Revenue from agro business
The company derives a significant portion of its revenue from its Agro business. Therefore, factors that adversely affect the demand for such business, or our position and reputation, may adversely impact our business and results of operations
Dependent on supply of agro produce
Since the company is engaged in the business of agricultural pulses, particularly Toor Dal, Urad Dal, Moong Dal, Corn/Maize, and Paddy, it is dependent on the continued supply of agro-produce. Fluctuations in agro pricing, including taxes and levies, could adversely impact the company's business, financial condition, and profitability
IPO FAQs
The promoters of the company are Satya Murthy Sivalenka and Kameswari Satya Murthy Sivalenka.
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 180.0 - 180.0.
The IPO application opens on Dec 21, 2023 and closes on Dec 27, 2023.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 144,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Dec 28, 2023.
The refund will be credited to your account on Dec 29, 2023.
The allotted shares will be credited to your demat on Dec 29, 2023.
Sameera Agro and Infra Ltd.’s shares listed on the stock exchanges on Jan 01, 2024.