Sameera Agro and Infra Ltd Share Price – NSE

FMCG, Small Cap

Sameera Agro & Infra announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 20 May 2024 .

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Sameera Agro & Infra will hold a meeting of the Board of Directors of the Company on 17 April 2024.

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The scrip was listed at Rs 180, at par with the initial public offer (IPO) price. The stock was currently frozen in a lower limit of 5% over its listing price.

The counter hit a high of Rs 185 and a low of Rs 171. About 4.97 lakh shares of the company changed hands at the counter.

Sameera Agro and Infra's IPO was subscribed 2.81 times. The issue opened for bidding on 21 December 2023 and it closed on 27 December 2023. The price of the IPO was fixed at Rs 180 per share.

The IPO comprised fresh issue of 34,80,000 shares. The promoter and promoter shareholding diluted to 69% from 97.49% pre-IPO.

The company intends to utilise the net proceeds for construction of ongoing project, construction of new multiplex, to meet the existing working capital requirement for the agro-business and general corporate expenses.

Sameera Agro and Infra is a multi-faceted infrastructure development and construction of residential, commercial spaces, apartments, townships, multi storied complexes, gated communities, landscapes, bridges, flyovers, subways, alleys, industrial parks, laying of water pipelines, gas pipelines and other related works with the primary objective of delivering quality and value to our clients. As on 30 September 2023, the company has 48 employees on payroll.

The company recorded revenue from operations of Rs 94.36 crore and net profit of Rs 6.92 crore for the period as on 30 September 2023.

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