Samor Reality, incorporated in 2014, is engaged in the construction and development of residential and commercial projects, in and around Ahmedabad, Gujarat.
| Bidding Dates |
|---|
| 30 Sep 2021 - 05 Oct 2021 |
| Subscription |
|---|
| 1.74x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,000 | 1 | 1 | 2000 | 1.3 M | ₹62 | 69.77 % | ₹80.6 M | RHP DOC |
Samor Reality IPO SUBSCRIPTION STATUS
05 Oct '21Samor Reality IPO overall subscription rate was 1.74 times the total available shares
Samor Reality IPO retail subscription rate was 0.94 times in the retail segment
Samor Reality IPO non-institutional investor subscription rate was 2.55 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
04 Oct 2021 (Day 4) | 0.51x | 2.23x | - |
05 Oct 2021 (Day 5) | 0.94x | 2.55x | - |
30 Sep 2021 (Day 1) | 0.06x | 2.1x | - |
01 Oct 2021 (Day 2) | 0.22x | 2.18x | - |
02 Oct 2021 (Day 3) | 0.22x | 2.18x | - |
Samor Reality 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) |
| FY21 | 1.0 | 96.4 | -22.6 | -22.6 |
| 8MFY21 | 0.1 | 2.4 | -0.8 | -0.8 |
| FY20 | -0.9 | 10.6 | 9.2 | 9.5 |
| FY19 | 1.1 | 83.0 | 53.5 | 53.4 |
Samor Reality IPO SUBSCRIPTION STATUS DETAILS
Samor Reality had 1.3 M shares on offer
Samor Reality IPO offer price was ₹62
Samor Reality IPO minimum Investment was ₹124000
Samor Reality IPO issue size was ₹ 80.6 M
Samor Reality had a minimum lot size of 2000 Shares per application
Samor Reality NUMBER OF SHARES ON OFFER
Samor Reality IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2021 |
| Issue close Date | 05 Oct 2021 |
| Allotment Date | 08 Oct 2021 |
| Refund Date | 11 Oct 2021 |
| Demat Account Credit Date | 12 Oct 2021 |
| Listing Date | 13 Oct 2021 |
| Listing on Exchange(s) | BSE |
| Samor Reality Allotment Status | Exchange |
Samor Reality IPO subscription opened on 30 Sep 2021, and closed on 05 Oct 2021
IPO allotment for Samor Reality was finalized on Friday, 08 Oct 2021
IPO listing for Samor Reality was on BSE on Wednesday, 13 Oct 2021
Samor Reality IPO LISTING GAINS
| Issue Price (adjusted) | 62.0 |
| Listing Open Price | 62.6 |
| Listing Close Price | 62.5 |
| Listing Gain% | 1.0% |
| Current Gain% | 52.3% |
Samor Reality 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Samor Reality Ltd. | 94.4 | 40.6 | -31.3 | 0 | 173.8 | -10.8 | -5.1 | 0.2 | -6.8 | -987.3 | -3 | -989 | |
| DLF Ltd. | 642 | 158915 | 35.7 | -41.3 | 23.5 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1218.7 | 121763.9 | 29.5 | 0.8 | 6.7 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Prestige Estates Projects Ltd. | 1584.8 | 68262.1 | 59.9 | 0.5 | 5.2 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Phoenix Mills Ltd. | 1895.5 | 67795.2 | 53 | 1.8 | 14.9 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Oberoi Realty Ltd. | 1775 | 64539.4 | 24.5 | 0.9 | 10.2 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
Samor Reality INFORMATION ON IPO ISSUE
About Samor Reality
Samor Reality, incorporated in 2014, is engaged in the construction and development of residential and commercial projects, in and around Ahmedabad, Gujarat.
Object of the Issue
1.Investment into their subsidiary M/s Samor & Motherland LLP (“SML”).
2.General corporate purpose.
3.To Meet the Issue Expenses.
Samor Reality - PROMOTERS
| Name |
|---|
| Birjukumar Ajitbhai Shah |
| Jagrutiben |
Samor Reality Lead Manager to The Issue
Beeline Broking Limited
mb@beelinemb.com
Samor Reality Registrar to the Issue
Kfin Technologies Private Limited
samor.ipo@kfintech.com
Samor Reality Strengths
Experienced Management Team
The management team is experienced in the industry in which we are operating and has been responsible for the growth of operations and financial performance
Established brand and reputation
The Group brand ‘Samor’ is a recognizable brand in Ahmedabad region and is a differentiating factor for the customers, which helps establish customer confidence
Operation methodology
The company focuses on the overall management of projects, including land acquisition, project conceptualization and marketing
Samor Reality Risks
Certain approvals and licenses required
The Company and its subsidiary require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate business
Negative net cash flows
The company has reported negative net cash flows in the past
IPO FAQs
Samor Reality Ltd. IPO listing opened at Rs 62.60 while the issue price was Rs 62.00 giving 0.97% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 62.00 giving 52.34% gains since its IPO listing.
The promoters of the company are Birjukumar Ajitbhai Shah and Jagrutiben.
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 62.0 - 62.0.
The IPO application opens on Sep 30, 2021 and closes on Oct 05, 2021.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 124,000.0, the maximum value for this IPO is Rs 124,000.0.
This IPO will be allotted on Oct 08, 2021.
The refund will be credited to your account on Oct 11, 2021.
The allotted shares will be credited to your demat on Oct 12, 2021.
Samor Reality Ltd.’s shares listed on the stock exchanges on Oct 13, 2021.