Sameera Agro and Infra IPO opens for bidding - Everything you need to know

Sameera Agro and Infra IPO: The initial public offering (IPO) of Sameera Agro and Infra is now open for subscription. The bidding, which openend today, will conclude on Wednesday, December 27.

According to information available on the NSE, the company will be listed on the NSE Emerge platform on January 1, 2024.

Sameera Agro and Infra IPO - Key things to know

- Company to issue 34.80 lakh Equity shares of Rs. 10 face value at a price of Rs. 180 per share; To list NSE EMERGE Platform of NSE.

- The minimum lot size for application is 800 shares; the Minimum IPO application amount is Rs. 1.44 lakh.

- Funds raised through the issue will be used to fund its expansion plans including ongoing construction projects, build a new multiplex in Medchal-Malkajgiri District in Telangana, and meeting working capital requirements for agro-business and General Corporate Purpose.

- For FY22-23 company reported revenues of Rs 138.8 crore and Net Profit of Rs 10.04 crore.

- First Overseas Capital Ltd the lead manager of the issue.

- Sameera Agro & Infra Ltd. has an outstanding orderbook worth over Rs 100 crores which will be completed in the current financial year, this order book includes massive private and government Infra Projects.