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.
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 |
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Revenue from Operations | Rs 13881.83 lakhs |
Total Expenses | Rs 12516.84 lakhs |
Profit After Tax | Rs 1003.73 lakhs |
Earnings Per Share | 11.91 |
Return on Equity | 53.46 |
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 |
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Issue Size | Rs 62.64 crore |
Issue Price | Rs 180 each |
Offer for Sale | Nil |
Lot Size | 800 |
Total Shares Offered | 3,480,000 |
Listing Date | 1 January, 2024 |
Lising on | NSE |
With the proceeds received, the company plans to achieve the following objectives:
With Kotak Securities, you can easily apply for this IPO. All you need to do is:
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.