IPO Issue Details
Issue Price / Price Band₹20 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size56,22,000 shares (aggregating up to ₹11.24 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 30 Dec 2022
Subscription CloseWed, 04 Jan 2023
Anchor AllotmentThu, 29 Dec 2022
Basis of AllotmentMon, 09 Jan 2023
Initiation of RefundsTue, 10 Jan 2023
Credit of Shares to DematWed, 11 Jan 2023
Listing DateThu, 12 Jan 2023
UPI Mandate Deadline2023-01-04
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 6,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 12,000 shares
P/E Ratio (Pre-IPO)75x
Net Offer to Public53,40,000 shares (aggregating up to ₹10.68 Cr)
Reserved for Market Maker2,82,000 shares (aggregating up to ₹0.5640 Cr)
Pre-IPO Promoter Holding1,57,27,619 shares
Post-IPO Promoter Holding2,13,49,619 shares
About SVS Ventures Ltd.
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.
Objects of the Issue
SVS Ventures Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet the Working Capital requirements
8.04
2
2 General Corporate Expenses
2.60
3
3 To meet the expenses of the Issue
0.55
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,57,27,619 shares
Post-IPO Promoter Holding
2,13,49,619 shares