Share Samadhan Limited, founded on 11.11.11, has emerged as India's leading organization for the recovery of unclaimed investments, money, and assets. Operating in the financial services sector, Share Samadhan is the only Public Limited company dedicated to this niche market, and its unique services have positioned it as a leader. The company's expertise, client-centric approach, and specialized services make it stand out in the competitive landscape.

The company’s IPO is a Book Built Issue amounting to ₹24.05 Crores, entirely consisting of fresh issue shares. The IPO subscription period runs from September 9, 2024, to September 11, 2024, with shares priced between ₹70 and ₹74 per equity share. The minimum lot size is 1,600 shares, requiring a retail investment of ₹118,400. High-Net-Worth Individuals (HNIs) must invest a minimum of ₹236,800 for 2 lots (3,200 shares). The shares are expected to list on the BSE SME platform on September 16, 2024.

Narnolia Financial Services Limited is the book-running lead manager, while Skyline Financial Services Private Limited serves as the registrar. Nikunj Stock Broker Limited is the sole market maker.

Financial Growth and Performance:

Over the years, Share Samadhan Limited has demonstrated significant growth, supported by its pioneering services in asset recovery. Financially, the company’s revenue has skyrocketed from ₹24,213.75 Thousands in FY22 to ₹99,612.57 Thousands in FY24, representing a remarkable growth trajectory. Additionally, EBITDA has grown from ₹5,847 Thousands in FY22 to ₹52,372.03 Thousands in FY24.

The Profit After Tax (PAT) reflects strong financial health, climbing from ₹6,069.86 Thousands in FY22 to ₹39,101.31 Thousands in FY24. These metrics highlight the company's solid financial footing, backed by an increasing demand for unclaimed investment recovery services.

For detailed financial analysis, visit Finance Saathi to access the latest IPO reviews and financial reports.

Grey Market Premium (GMP) and IPO Subscription Status:

As of September 10, 2024, the Grey Market Premium (GMP) for Share Samadhan Limited IPO is estimated at ₹20 to ₹26, pointing to potential 30%-35% listing gains. While the Grey Market provides an unofficial glimpse into demand, it reflects strong investor interest and optimism about the company’s performance post-listing.

At 12:15 PM on September 10, 2024, the live subscription status for Share Samadhan IPO shows it has been subscribed 2.13 times on the second day of the subscription period, underscoring significant participation from retail and institutional investors.

Objectives of the Share Samadhan Limited IPO:

The proceeds from the Share Samadhan Limited IPO will be utilized for several key objectives:

₹41,000 Thousands will be used for investment in technology, ensuring that the company continues to innovate and offer top-tier asset recovery services.

₹35,648 Thousands will be allocated for an unidentified acquisition (in India or abroad), to expand its market presence.

₹79,000 Thousands will cover the working capital requirements, supporting the company's growth and operational needs.

A portion of the funds will also be directed toward general corporate purposes and issue-related expenses.

For comprehensive details on the objectives, check out IPO insights to understand how these strategic moves align with the company’s long-term goals.

Leadership and Expertise:

The company's leadership is a key factor behind its success. Mr. Abhay Kumar Chandalia, the Managing Director and Co-Founder, has over 26 years of experience in corporate finance, capital markets, and investment banking, making him a driving force in the company's journey. His expertise in reclaiming unclaimed financial assets has propelled Share Samadhan to the top of its industry. Mr. Vikash Kumar Jain, with 22 years of experience, plays a pivotal role in investment recovery advisory, further strengthening the company’s capabilities.

For insights into the leadership team's vision and how it influences the company's growth strategy, explore our in-depth leadership analysis.

Allotment and Listing Details:

The IPO allotment date for Share Samadhan Limited is expected to be September 12, 2024. Investors can check their IPO allotment status by visiting the registrar's website and following these steps:

Navigate to the IPO allotment status page.

Select Share Samadhan Limited IPO from the dropdown menu.

Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

Stay updated on the IPO allotment status and confirm your shares in real time.

Conclusion:

The Share Samadhan Limited IPO offers a unique opportunity to invest in a company that has consistently grown in the unclaimed investments recovery sector. With impressive financial growth, a dedicated leadership team, and a strong Grey Market Premium, this IPO shows potential for listing gains in the 30%-35% range.

However, investors should consider the post-issue P/E ratio of 19.42x, which is fairly priced but may pose some risks in a competitive market. For long-term investors, the company’s growth trajectory looks promising, while short-term investors seeking listing gains might also find value.

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