Double Thumbs Up: Sameera Agro And Infra IPO Gets 'Subscribe' Call From Leading Investment Advisers

Sameera Agro And Infra Limited, a dynamic player in the real estate and agro industry, is gearing up for its Initial Public Offering (IPO) set to hit the market from December 21, 2023, to December 27, 2023. This IPO is generating significant buzz, and investors are eagerly awaiting an opportunity to be part of this growth journey.

The IPO comprises a fixed price issue with a price band set at Rs 180 per share. The issue size stands at 3,480,000 shares, aggregating up to Rs 62.64 Crores. The lot size for this IPO is 800 shares, making it accessible to a wide range of investors. The listing will be on the NSE SME platform, and the dates for the same are yet to be disclosed.
The Grey Market Premium (GMP) for Sameera Agro And Infra Limited is currently at Rs. 35 per share, indicating a positive sentiment in the market. This suggests potential listing gains for investors who secure shares during the IPO.

The IPO's total size is 3,480,000 shares, reflecting the company's intent to raise Rs 62.64 Crores for further expansion and strategic initiatives. The funds raised through the fresh issue will be utilized to enhance existing projects and embark on new ventures, aligning with the company's growth objectives.

Sameera Agro And Infra Limited have showcased robust financial performance over the past three years. Between the financial years ending March 31, 2022, and March 31, 2023, the company witnessed a substantial 31.79% increase in revenue and an impressive surge of 266.1% in Profit After Tax (PAT). This underscores the company's financial stability and growth trajectory.

Key performance indicators reveal a Price to Earnings (P/E) ratio of 15.11, Return on Equity (ROE) at 53.46%, Return on Capital Employed (ROCE) standing at 64.17%, Debt/Equity ratio of 0.29, Earnings Per Share (EPS) of Rs. 11.91, and Return on Net Worth (RoNW) matching the ROE at 53.46%. These metrics collectively paint a picture of a fundamentally strong and well-managed company.

Sameera Agro And Infra Limited have successfully completed various infrastructure projects, establishing a strong track record. Some notable completed projects includeMUltiple gas pipelines for GAIL (Gas Authority of India), excavation and earth bund formation for Sri Komaravelli Mallanna Sagar Reservoir and construction of walkways, RCC slabs, and model markets at strategic locations. The company's ongoing and upcoming projects, such as residential and commercial developments, showcase its commitment to innovation and quality in the real estate sector.

Diversification into agro-processing has been a strategic move for Sameera Agro And Infra Limited. Over the past two years, the company has built a robust network in the agro sector, involving the processing, drying, sale, purchase, marketing, and distribution of agricultural commodities. Revenue breakup product-wise includes categories like Toor Dal, Urad Dal, Moong Dal, Corn/Maize, and Paddy, reflecting the company's significant presence in the agro-processing domain.

Experts from reputed financial institutions have provided positive ratings and advice for Sameera Agro And Infra Limited's IPO. ProfitMart Securities has bestowed a "Subscribe for Long Term Gains" rating, emphasizing the company's potential for sustained growth. Equity99, a SEBI Registered Investment Adviser, also recommends subscribing to the IPO, reinforcing investor confidence.

In conclusion, Sameera Agro And Infra Limited's IPO presents a compelling opportunity for investors seeking exposure to a company with a diversified business model, strong financial performance, and a promising future. With positive GMP, sound fundamentals, and favorable expert reviews, the IPO offers a potential avenue for significant returns. Investors are advised to carefully consider the company's prospectus, conduct due diligence, and, if aligned with their investment strategy, explore participation in this exciting IPO.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.