Incorporated in 2015, SVS Ventures Limited is engaged in the real estate business. The entity undertakes construction and real estate development projects, focused primarily on the construction and development of residential and commercial projects.
SVS Ventures primarily operates in and around Ahmedabad, Gujarat. In 2021, the company entered into a business takeover agreement in April with Erstwhile Proprietary Firm M/s Vijay & Co. of Mr Shashikant Vedprakash Sharma.
The company’s business model is customer-centric, and requires optimum utilization of our existing resources, assuring quality supply and achieving consequent economies of scale.
The business operations include the development of real estate projects in the residential segment comprising apartment-type complexes, and villas, largely catering to the middle-income and high-income groups.
The company’s below mentioned projects are marketed and sold under the brand name of “SVS Ventures (formerly known as Vijay & co.)”.
1) Residential Projects: These projects cover Bungalows and Villas.
2) Commercial Projects: These projects include the construction of commercial offices and shops.
SVS Ventures’ financials reflect a positive financial standing in the market where its revenues and profits have grown vastly. As of March 2022, the company’s total revenue stood at Rs. 868.27 lakhs with a profit of Rs. 183.37 lakhs.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 845.12 | 1348.6 | 25 | 54.53 | 641.79 |
| 31-Mar-21 | 1165.01 | 1355 | 26.61 | 81.14 | 646.36 |
| 31-Mar-22 | 1245.68 | 868.27 | 183.37 | 264.51 | 700.95 |
| 30-Jun-22 | 2501.07 | 129.99 | 14.34 | 2125.33 | 267.49 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
- To meet the Working Capital requirements;
- General Corporate Expenses.
SVS Ventures IPO Details
| IPO Date | Dec 30, 2022 to Jan 4, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Issue Size | 5,622,000 shares of ₹10 (aggregating up to ₹11.24 Cr) |
| Fresh Issue | 5,622,000 shares of ₹10 (aggregating up to ₹11.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Market Maker | SVCM SECURITIES PRIVATE LIMITED |
| Company Promoters | Mr. Shashikant Vedprakash Sharma is the promoter of the company. |
SVS Ventures IPO Tentative Timetable
SVS Ventures IPO opens on Dec 30, 2022, and closes on Jan 4, 2023. The SVS Ventures IPO bid date is from Dec 30, 2022 10.00 A.M. to Jan 4, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 30, 2022 |
| Closing Date | Jan 4, 2023 |
| Basis of Allotment | Jan 9, 2023 |
| Initiation of Refunds | Jan 10, 2023 |
| Credit of Shares to Demat | Jan 11, 2023 |
| Listing Date | Jan 12, 2023 |
SVS Ventures IPO Lot Size
The SVS Ventures IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| HNI (Min) | 2 | 12,000 | ₹240,000 |
SVS Ventures IPO Promoter Holding
| Pre Issue Share Holding | 90.49% |
| Post Issue Share Holding | 66.66% |
SVS Ventures IPO Review
Though the company was in the real estate segment, it was incorporated with disguising banners that included software solutions, and life care solutions in its name. It has posted inconsistency in its performances so far. Based on its annualized FY23 earnings, the issue is exorbitantly priced. There is no harm in ignoring this pricy IPO. Read detail review…
SVS Ventures IPO Prospectus
Company Contact Information
SVS Ventures Limited
Block A, Office No. 1009, Mondeal Heights
Near Panchratna Party Plot, S. G. Highway,
Ahmedabad 380 051
Phone: +91 79 40397191
Email: svsventure87@gmail.com
Website: http://www.svsventures.co.in/
SVS Ventures IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com