| The initial public offer (IPO) of Share Samadhan received bids for 25,55,200 shares as against 32,51,200 shares on offer, as per BSE data as of 17:00 hours on Monday (09 September 2024). The issue was subscribed 0.78 times.
The issue opened for bidding on Monday (09 September 2024) and it will close on Wednesday (11 September 2024). The price band of the IPO is fixed between at Rs 70 to Rs 74 per share. The minimum order quantity is 1,600 equity shares. The equity shares will list on BSE’s SME platform.
The IPO comprises fresh issue of 32,51,200 equity shares. The promoter and promoter group shareholding will dilute to 62.52% from 85.05% pre-issue.
About 1,63,200 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 30,88,000 equity shares. The issue and the net issue will constitute 26.50% and 25.17% respectively of the post offer paid up equity share capital of the company.
The company intends to utilize the net proceeds to meet working capital requirement, investment in technology, unidentified acquisition for company (in India or abroad), issue expenses and general corporate purpose.
Ahead of the Share Samadhan on Friday, 06 September 2024, raised Rs 6.83 crore from anchor investors. The board allotted 9.23 lakh shares at Rs 74 per share to 4 anchor investors.
Share Samadhan is a one-stop solution, providing a wide range of services aimed at helping clients efficiently to protect and retrieve their investments / money. These services include Investment retrieval through the company, Wealth Protection through Wealth Samadhan Private, and litigation funding solutions through Nyaya Mitra, thereby assistance in resolving various disputes regarding blocked investments in any asset class largely on a success fees model. The company has 48 employees n payroll across all departments.
The company recorded revenue from operations of Rs 983.28 crore and net profit of Rs 391.01 crore for the period as on 31 March 2024. |