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 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
| Sonu Infratech IPO Date | Apr 29, 2022 to May 5, 2022 |
| Sonu Infratech IPO Face Value | ₹10 per share |
| Sonu Infratech IPO Price | ₹36 per share |
| Sonu Infratech IPO Lot Size | 3000 Shares |
| Issue Size | 2,400,000 shares of ₹10 (aggregating up to ₹8.64 Cr) |
| Fresh Issue | 2,400,000 shares of ₹10 (aggregating up to ₹8.64 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Ramji Shrinarayan Pandey and Mr. Ketan Vallabhdas Modi are the company promoters. |
Sonu Infratech IPO Timeline
Sonu Infratech IPO opens on Apr 29, 2022, and closes on May 5, 2022. The Sonu Infratech IPO bid date is from Apr 29, 2022 10.00 A.M. to May 5, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Sonu Infratech IPO Opening Date | Apr 29, 2022 |
| Sonu Infratech 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 |
| Sonu Infratech IPO Listing Date | [.] |
Sonu Infratech IPO Lot Size
The Sonu Infratech IPO 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 |
|---|---|---|---|
| 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. Read detail review…
Sonu Infratech IPO Recommendation by Members
Sonu Infratech IPO Recommendations Details | Post Recommendation | Manage Recommendations
| Subscribe | Neutral | Avoid |
|---|---|---|
| 4 | 0 | 2 |
Sonu Infratech IPO Subscription Status (Bidding Detail)
The Sonu Infratech IPO is subscribed 16.52 times on May 5, 2022 7:00:00 PM. The public issue subscribed 19.60 times in the retail category, times in the QIB category, and 13.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 13.43 |
| Retail | 19.60 |
| Total | 16.52 |
Sonu Infratech IPO Prospectus
- › Sonu Infratech IPO DRHP
- › Sonu Infratech IPO RHP
- Sonu Infratech IPO Listing Date
| Listing Date | Friday, May 13, 2022 |
| BSE Script Code | |
| NSE Symbol | SONUINFRA |
| Listing In | ST Group of Securities |
| ISIN | INE0JZA01018 |
| IPO Price | ₹36 per share |
| Face Value | ₹10 per share |
Listing Day Trading Information
| .IPO PriceOpenLowHighLast Trade | NSE SMEIPO Price:₹36.00Open:₹36.00Low:₹36.00High:₹37.80Last Trade:₹37.60 |
Company Contact Information
Sonu Infratech Limited
Platinum 404,
4th Floor Park Colony,
Opp. Joggers Park Jamnagar -361008,
Phone: 0288 2555089
Email: info@sonuinfratech.com
Website: http://www.sonuinfratech.com/index.html
Sonu Infratech IPO Registrar
Skyline Financial Services Private Ltd