Sonu Infratech Limited IPO (Sonu Infratech IPO) Details
Sonu Infratech Limited is engaged in the business of Civil Construction Services. The company’s major business segments are Civil Construction Services, Building Construction, Mechanical Scaffolding, Plant Maintenance and Repairs and Maintenance and offer services such as piling, excavation, road preparation, land levelling, structural painting, building construction for commercial and industrial projects, mechanical scaffolding services including structuring and piping, Plant maintenance at various Reliance Plants and Farms, Nayara Maintenance, Repairs and Maintenance services such as plumbing, electrification, cleaning of vessels, etc.
Sonu Infratech Limited also owns and operates plants, machinery, and vehicles for all types of civil construction and infrastructure projects.
The company operates on a contract based model and is classified as a class “C” contract that allows them to bid on any type of military segment work in India. The company has successfully completed various contracts awarded by Military Engineering Services.
Competitive Strength:
- Established brand and image.
- Domain expertise and technical excellence.
- Impeccable Track Record.
Company Promoters:
Mr. Ramji Shrinarayan Pandey and Mr. Ketan Vallabhdas Modi are the company promoters.
Company Financials:
| Particulars | For the year/period ended (Rs in Lakhs) | |||
|---|---|---|---|---|
| 31-Oct-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 5,503.07 | 4,319.18 | 2,902.96 | 2,696.21 |
| Total Revenue | 3,239.50 | 4,076.69 | 4,114.07 | 3,412.77 |
| Profit After Tax | 104.27 | 139.80 | 66.01 | 64.47 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Incremental Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Issue Expenses.
Sonu Infratech IPO Details
| IPO Opening Date | Apr 29, 2022 |
| IPO Closing Date | May 5, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | 2,400,000 Eq Shares of ₹10 (aggregating up to ₹8.64 Cr) |
| Fresh Issue | 2,400,000 Eq Shares of ₹10 (aggregating up to ₹8.64 Cr) |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Sonu Infratech IPO Tentative Timetable
The Sonu Infratech IPO date is from Apr 29, 2022, to May 5, 2022. The bidding time is 10.00 A.M. to 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| IPO Opening Date | Apr 29, 2022 |
| IPO Closing Date | May 5, 2022 |
| Basis of Allotment | May 10, 2022 |
| Initiation of Refunds | May 11, 2022 |
| Credit of Shares to Demat | May 12, 2022 |
| IPO Listing Date | May 17, 2022 |
Sonu Infratech IPO Lot Size
The Sonu Infratech IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹108,000 |
| Maximum | 1 | 3000 | ₹108,000 |
Sonu Infratech IPO Promoter Holding
| Pre Issue Share Holding | 94.28% |
| Post Issue Share Holding | 65.45% |
Sonu Infratech IPO Review
Based on its improved financial data, the issue is fully priced. It is also in the highly competitive and fragmented segment. Cash surplus/risk seeker may consider parking of funds with a long term perspective.
