Sameera Agro and Infra IPO - Key Details You Need to Know

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  • 27 Dec 2023
Sameera Agro and Infra IPO - Key Details You Need to Know

About Sameera Agro and Infra

Sameera Agro and Infra deals in multi-faceted infrastructure development of residential and commercial spaces, gated communities, and landscapes. As a part of other business activity from 2021, it has expanded its wings and is into processing, selling, purchasing, marketing, and distributing agricultural commodities of pulses and grains. It has its processing and manufacturing unit on lease near Hyderabad and is also in the process of acquiring mills on lease in Rajahmundry and Guntur in Andhra Pradesh.

Financial Snapshot

While the company's revenues have steadily grown, profit growth momentum is visible in the last two years. The company's asset turnover ratio is above 2, which is quite impressive considering the fact that the company has a capital-heavy business. Here are some of its key financials for FY 23:

Total Assets Rs 5808.94 lakhs
Revenue from OperationsRs 13881.83 lakhs
Total ExpensesRs 12516.84 lakhs
Profit After TaxRs 1003.73 lakhs
Earnings Per Share11.91
Return on Equity53.46

IPO Details

Sameera Agro and Infra's IPO opens on 21 December and closes on December 27, 2023. Here are some other key details of the IPO.

IPO Type Fresh Issue
Issue SizeRs 62.64 crore
Issue PriceRs 180 each
Offer for SaleNil
Lot Size800
Total Shares Offered3,480,000
Listing Date1 January, 2024
Lising onNSE

With the proceeds received, the company plans to achieve the following objectives:

  • Construction of a new multiplex and an ongoing project
  • Meet working capital requirements for agro-business
  • Use for general corporate expenses

How to Apply for Sameera Agro and Infra IPO?

With Kotak Securities, you can easily apply for this IPO. All you need to do is:

  • Log into the Demat account you have with Kotak Securities and visit the current IPO section
  • Provide the necessary information, such as the number of lots and preferred price
  • Enter your UPI ID and submit your bid to the exchange
  • Upon receiving the notification to block funds on your UPI app, do so for successful blocking

In Conclusion

Sameera Agro and Infra is on the list of companies going for IPO in December. Before investing in it, you need to be aware of the risk factors - external and internal - for informed decision-making. Go through the company's draft red herring prospectus to know the risks and other essential details of the offer.

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