San Trica Realtors SME IPO subscription is opening up soon in February 2023. According to the prospectus, the IPO consists of a fresh issue of 32,00,000 Equity Shares at the Issue Price of Rs. 125 each aggregating up to Rs. 4,000 Lakhs. There is no offer for sales in the IPO issue. With a face value of Rs 10, each issue price is 12.5 times the face value of the Equity Shares. The retail allocation is 50% of the total size.
San Trica Realtors SME IPO – Business Description
San Trica Realtors is one of the unique Real Estate Developers in Pune with a conscience. San Trica Realtors Limited service provider in the hospitality and real estate sector. The services of the company are in restaurant and hotel services in Maharastra. The company has a competitive advantage in the cities of Pune and Mumbai.
Akanksha Rashmi Evershine Garden is a residential and commercial project that the company recently built. The project is located at a prime location near Thane. The company is a part of the Nidaan Group which has strong experience in developing large-scale real estate, hospitality, and commercial projects.
San Trica Realtors is into two segments the real estate Hotel Business and Real Estate Business.
San Trica Realtors Limited Founders and Leadership team
Dr. Nitin Vithalrao Thorave is the promoter of the company. He is a BHMS, Post Graduate course in modern pharmacology from MUHS. He is presently perusing healthcare management studies at the Indian institute of management (IIM) Calcutta. He has strong experience in real estate as well as hospitality.
Promoters hold 49,10,343 equity shares aggregating to 50.25% of pre-issue equity share capital.
San Trica Realtors Limited Revenue and Profit
The total income of the company doubled from INR 214.29 lakh in 2020 to INR 521.76 lakhs in the fiscal year 2022. The EBITDA has gone up from INR 100.84 lakhs in FY2020 to INR 325.79 in FY2022. The EBITDA reached INR 296.10 lakh by the period ended 30th, Sep 2022. However, net profit after tax is negative for last two years for FY2020 and FY 2021.
San Trica Realtors Limited Financial Snapshot
| All amounts in INR Lakhs (Year ended March 31) | 2020 | 2021 | 2022 |
| Revenue Operation | 213.66 | 137.14 | 521.76 |
| Total Income | 214.29 | 137.22 | 521.76 |
| EBITDA | 100.84 | (7.33) | 325.79 |
| Net Profit After Tax | -105.76 | -190.24 | 155.02 |
| Earnings per Share (EPS) | -769.16 | -1383.56 | 529.89 |
| Net Cash from Operating Activities | 106.85 | 19.74 | 347.82 |
| Return on Net Worth (% | 0.13 | 0.19 | -0.55 |
| Net Assets Value per Share | -5918.69 | -7302.25 | -4.99 |
| Total borrowings | 37.12 | 41.21 | 45.74 |
Objective Behind the San Trica Realtors Limited IPO
- Out of the net proceeds of this IPO, the company is planning to spend INR 3071.91 lakhs to meet the working capital requirements.
- The company would utilize INR 863 lakhs to meet general corporate purposes.
San Trica Realtors Limited IPO : Do you invest?
- San Trica Realtors registered a revenue growth of over 100% from FY2020 to FY2021. However, the revenue was down to half in FY 2021 as against FY 2020. This reflects the instability of the revenue.
- The net profit after tax of the company has been negative for the year FY 2020 and FY 2021.
- The EPS has also been negative in FY 2020 and FY 2021.
- Global growth is forecast slow during 2023 and 2024, with a slowdown in construction Industries.
- Looking at the financials and factors mentioned above, I would prefer to avoid this San Trica Realtors SME IPO at the moment.
San Trica Realtors IPO Details
| San Trica Realtors IPO Details | San Trica Realtors IPO Date, Price and other details |
| Opening Date | Coming |
| Closing Date | Coming |
| IPO Price | ₹125 per share |
| Allotment date | Coming |
| Refunds Initiation date | Coming |
| Credit of Shares to Demat Account | Coming |
| Listing Date | Coming |
| Offer for Sale | Nil |
| Issue Size (Fresh Issue) | 3,200,000 shares of ₹10 (aggregating up to ₹40.00 Cr) |
| Minimum bid (lot size) For retail investor | 1000 Shares (₹125,000) |
| Retail Shares Offered | 50% of the Net Issue |
| HNI (Min) | 2000 Shares (₹250,000) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Face Value | INR 10 per share |
| Listing on | BSE SME |
San Trica Realtors Limited IPO: Lead Managers and Contact
| Contact Details | Lead Managers |
| Swapnshilp Bunglow, Behind Aarti Apartment Vartak Road, Virar (West), Palghar- 401303, Maharashtra, India Email:cs@santrica.com; info@santrica.com Tel No.: +91 7770011015 www.santrica.com | 1. FIRST OVERSEAS CAPITAL LIMITED |
San Trica Realtors Limited IPO Allotment Status
San Trica Realtors SME IPO Allotment status will be available on BIGSHARE SERVICES PRIVATE LIMITED website. To know your allotment status, get ready with your PAN number and click on this link. You may also reach out to Tel. No.: +91 22 62638200, E-mail: ipo@bigshareonline.com
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