Share Samadhan Limited, founded on November 11, 2011, stands as India’s largest organization dedicated to the recovery of unclaimed investments, money, and assets. Operating in the financial services sector, it is the only Public Limited company in this niche area, with a reputation for specialized services and a client-centric attitude. The company serves a diverse range of asset classes, including investments, financial services, and more.

The Share Samadhan IPO, a Book Built Issue valued at ₹24.05 Crores, opened for subscription from September 9 to September 11, 2024. With the IPO fully subscribed 13.63x by the closing date, the allotment of shares is set to be finalized on September 12, 2024. The IPO consists entirely of 32.51 Lakh fresh shares, with a price band set between ₹70 and ₹74 per share. Shares will be listed on the BSE SME platform, with the listing date anticipated for September 16, 2024.

Share Samadhan’s Business and USPs

Share Samadhan Limited is not just an IPO candidate; it is a leader in the field of reclaiming unclaimed financial assets in India. From unclaimed dividends to forgotten investments, Share Samadhan provides specialized services that help individuals and businesses recover their lost or unclaimed wealth. Their unique selling propositions (USPs) include significant industry experience, expertise in unclaimed asset recovery, and a client-first approach.

Their financial services encompass a broad array of asset recovery solutions, including litigation funding. The company’s robust growth strategy and its commitment to technology and strategic acquisitions make it a formidable player in this sector.

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IPO Pricing and Subscription Details

The price band for the Share Samadhan IPO is set between ₹70 and ₹74 per share, with a minimum lot size of 1,600 shares. Retail investors are required to invest a minimum of ₹118,400, while High-Net-Worth Individuals (HNIs) need to invest a minimum of ₹236,800 for 2 lots (3,200 shares). This makes it a viable investment for both small and large investors.

The lead manager for the issue is Narnolia Financial Services Limited, with Skyline Financial Services Private Limited serving as the registrar. Nikunj Stock Broker Limited is the market maker for the IPO, ensuring liquidity on the BSE SME platform.

Financial Performance and Grey Market Premium (GMP)

Share Samadhan's financials highlight a period of significant growth. The company's revenue jumped from ₹24,213.75 Thousands in FY22 to ₹99,612.57 Thousands in FY24, showcasing a sharp increase in its financial performance. Likewise, EBITDA saw a rise from ₹5,847.00 Thousands in FY22 to ₹52,372.03 Thousands in FY24, while PAT surged to ₹39,101.31 Thousands in FY24, reflecting the company’s growing profitability.

The Grey Market Premium (GMP) for the Share Samadhan IPO has been estimated between ₹20 and ₹26, hinting at potential listing gains of 15-20%. However, it is important to note that GMP is based on unregulated informal trading and should be viewed only as an indicative value for potential listing prices. Investors should refer to regulated sources for accurate financial assessments.

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IPO Subscription Status and Allotment

As of September 11, 2024, the Share Samadhan IPO was oversubscribed 13.63 times, highlighting the high level of investor interest. Investors can check the live subscription status on the BSE website or visit {Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi} for real-time updates.

The allotment of shares will be finalized on September 12, 2024. To check your IPO allotment status, follow these steps:

Visit the IPO allotment status page on the registrar’s website.

Select Share Samadhan Limited IPO from the dropdown.

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

Submit the details to view your allotment status.

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Company Leadership and Promoters

The company is co-led by Mr. Abhay Kumar Chandalia, a 26-year veteran in corporate finance and capital markets, who serves as Managing Director and Co-Founder. His experience spans sectors like investment banking, real estate, and financial services. Another key figure is Mr. Vikash Kumar Jain, who brings 22 years of experience in corporate finance and investment recovery.

Their leadership has been instrumental in driving Share Samadhan to its current position as the top company in unclaimed financial assets recovery.

Objectives of the IPO

The proceeds from the Share Samadhan IPO will be used for the following purposes:

₹41,000 thousand for technology investments to enhance services.

₹35,648 thousand for acquisitions, both in India and abroad.

₹79,000 thousand for the company’s working capital requirements.

General corporate purposes.

To cover the IPO issue expenses.

These objectives align with the company’s focus on expanding its technological capabilities and making strategic acquisitions to further consolidate its market position.

Conclusion

The Share Samadhan IPO offers a unique opportunity for investors to participate in the growth of a specialized leader in the unclaimed asset recovery sector. With solid financial performance, promising GMP trends, and a fair pricing strategy, this IPO is set to attract both short-term investors seeking listing gains and long-term investors looking for sustained growth.

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