San Trica Realtors Ltd IPO is set to launch on Feb, 2023. The company initiated its business operations in the year 2007. It is engaged in the hotel services and restaurant services business. Its asset management tactics closely monitor the hotels run by third parties and hence looking over the performance of the same. It is also involved in developing or finishing the projects of residential and commercial projects. Some of its projects are Akasnsha Elite (Palghar), Akansha Prima (Pune), Akansha Rashmi Evershine Garden (Palghar) and Akansha Laxman Arcade (Mumbai).
San Trica Realtors Ltd IPO DETAILS
San Trica Realtors Ltd IPO is set to launch on Feb., 2023. The subscription timeline extends till Feb, 2023. The size for the IPO is 40 Crore Rs. Shares issued through fresh issues are worth 40 Crore Rs. No Shares are issued through Offer For Sale mode. The lot size is 1000 shares and the price is 125 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of San Trica Realtors Ltd IPO
| IPO OPENING DATE | Feb., 2023 |
| CLOSING DATE FOR IPO | Feb, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 125 Rs. per share |
| LOT SIZE | 1000 shares |
| MINIMUM ORDER QUANTITY | 1000 shares |
| ISSUE SIZE | 40 Crore Rs. |
| OFFER FOR SALE | No shares are issued through Offer for Sale mode. |
| FRESH ISSUE | 40 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | March, 2023 |
San Trica Realtors Ltd IPO : IMPORTANT DATES
| IPO OPENING DATE | Feb., 2023 |
| CLOSING DATE FOR IPO | Feb, 2023 |
| IPO ALLOTMENT DATE | March, 2023 |
| REFUNDS | March, 2023 |
| DEMAT A/C CREDITED ON | March, 2023 |
| IPO LISTING DATE | March, 2023 |
San Trica Realtors Ltd IPO begins for subscription from Feb., 2023. The IPO subscription would continue till Feb, 2023. The allotment status for the shareholders who applied would come on March, 2023. The refunds for the ones who did not get allotment would be initiated on March, 2023. The DEMAT accounts of shareholders would be credited on March, 2023. The listing of the company would be completed in March 2023.
San Trica Realtors Ltd IPO : Lead Managers
The lead managers are :
- First Overseas Capital Limited
The minimum lot size for the company is decided at 1000 shares. This holding accounts to 125000 Rs.. The maximum lot size is decided at 2000 shares (HNI). This amounts to 250000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1000 shares | 125000 Rs. |
| Maximum | 2000 shares | 250000 Rs. |
OBJECTIVES FOR THE IPO
- For General corporate purposes.
- The funds can be used for working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2020-21 | 2021-22 |
| ASSETS | 1498 | 1412 | 1561 |
| Revenue | 214 | 137 | 521 |
| PAT | (-105) | (-190) | 155 |
San Trica Realtors Limited has an asset base of 1498 Lakh RS in 2020. This decreased to 1412 Lakh Rs in 2021. However in 2022 the asset base increased to 1561 Lakh Rs. This is almost 150 Lakh Rs more than 2021 and 63 Lakh Rs more than 2020 numbers. The revenue of the firm was 214 Lakh Rs in 2020 which decreased to 137 Lakh Rs in 2021. However in 2022 the revenue was 521 Lakh Rs. The revenue is very low in comparison to the asset base held by the company.
The company was running into losses for 2020 and 2021. The loss recorded for the year 2020 was 105 Lakh Rs and 190 Lakh Rs for 2021. However in 2022 the company made a profit of 155 Lakh Rs. Also the revenue for 2022 is the highest for the last 3 years in the financial performance data. Hence 2022 was a great year financially for the company.
PROS
- The company is involved in multiple businesses. It runs and manages hotels and restaurants and also undertakes the finishing or completion of commercial and residential projects. SOme of its recent projects are Akasnsha Elite (Palghar), Akansha Prima (Pune), Akansha Rashmi Evershine Garden (Palghar) and Akansha Laxman Arcade (Mumbai).
CONS
- The company works in a highly competitive segment.
San Trica Realtors Ltd IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the San Trica Realtors Ltd IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
