SVS Ventures Limited IPO : Financial Highlights and Key Dates

SVS Ventures Limited IPO : Financial Highlights and Key Dates

SVS Ventures Limited initiated its business operations in 2015. The company has its office in Ahmedabad at Mondeal heights. It is involved in the business of real estate development projects which are majorly referring to residential or commercial usage. Its projects were previously referred to as Vijay and Co. projects but after the proprietary takeover from Erstwhile Proprietary Firm it is now referred to as SVS Venture Project. 

IPO DETAILS

SVS Ventures Limited IPO is set to launch on 30 Dec., 2022. The subscription timeline extends till 4 Jan, 2023. The size for the IPO is 11.24 Crore Rs.. Shares issued through fresh issues are worth 11.24 Crore Rs. No Shares are issued through Offer For Sale mode. The lot size is 1200 shares and the price is 20 Rs per share. The company is going to get listed at NSE 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 REPRESENTATION OF IPO DETAILS

IPO OPENING DATE 30 Dec., 2022
CLOSING DATE FOR IPO 4 Jan, 2023
ISSUE TYPE Fixed Price Issue
Face Value per share 10 Rs. per share
IPO price band 20 Rs. per share
LOT SIZE 1200 shares
MINIMUM ORDER QUANTITY 1200 shares
ISSUE SIZE 11.24 Crore Rs.
OFFER FOR SALE No shares Issued
FRESH ISSUE 11.24 Crore Rs.
LISTING AT NSE SME
LISTING DATE 12 Jan, 2023

IMPORTANT DATES

IPO OPENING DATE 30 Dec., 2022
CLOSING DATE FOR IPO 4 Jan, 2023
IPO ALLOTMENT DATE 9 Jan, 2023
REFUNDS 10 Jan, 2023
DEMAT A/C CREDITED ON 11 Jan, 2023
IPO LISTING DATE 12 Jan, 2023

SVS Ventures Limited IPO begins for subscription from 30 Dec., 2022. The IPO subscription would continue till 4 Jan, 2023. The allotment status for the shareholders who applied would come on 9 Jan, 2023. The refunds for the ones who did not get allotment would be initiated on10 Jan, 2023. The DEMAT accounts of shareholders would be credited on 11 Jan, 2023. The listing of the company would be accompanied on 12 Jan, 2023.

Lead Managers

The lead managers are :

  • First Overseas Capital Limited

The minimum lot size for the company is decided at 6000 shares. This holding accounts to  120000 Rs.. The maximum lot size is decided at 12000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 6000 shares 120000 Rs.
Maximum 12000 shares 240000 Rs.

OBJECTIVES FOR THE IPO

  • For General corporate purposes.
  • The funds can be used for working capital requirements. 

COMPANY FINANCIALS

Particularly (in Lakh Rs.) 2021-22 2020-21 2019-20
ASSETS 1245 1165 845
Revenue 868 1355 1348
PAT 183 26 25

SVS Ventures Limited has an asset base of 845 Lakh Rs in 2020. The company has been increasing its asset base since then. It has achieved an increase of more than 300 Lakh Rs in 2021 which took its assets to 1165 Lakh Rs and the same was increased by 80 Lakh Rs to 1245 Lakh Rs in 2022. The company is witnessing a decreased or nearly stagnant revenue stream. Its revenue was close to 1348 Lakh Rs in 2020 which increased slightly to 1355 lakh Rs in 2021 and then decreased to 868 Lakh Rs in 2022. This means in 2022 itself the revenue took a hit of approx. 500 Lakh Rs.

Despite the decrease in revenue the company has somehow managed to keep the profitability in check. The company’s profits have been increasing every year. SVS Ventures Limited had a profit of 25 Lakh Rs in 2020 which increased to 26 Lakh Rs in 2021. However the major jump was witnessed in the year with the least revenue base. In 2022 the company’s profits went past 180 Lakh. This means the profits jumped by more than 150 Lakh Rs in 2022. In percentage terms the same increase would be more than 575%. Such an increase is amazing given the decreased revenue. 

PROS

  • The company has a profitable financial track record since the last 3 years.

CONS

  • The company works in a highly competitive segment.

SVS Ventures Limited 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 :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section.
  3. Click the SVS Ventures Limited IPO button and press the BID button.
  4. Entering the details asked for like UPI ID, Quantity and price.
  5. Submit the application form for the IPO.
  6. 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.

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