Share Samadhan Limited is launching an IPO with a total issue size of ₹24.06 crores through a book-built issue. The offering consists of a fresh issue of 32.51 lakh shares. The IPO will open for subscription on September 9, 2024, and will close on September 11, 2024.
The allotment of shares is expected to be finalised on Thursday, September 12, 2024, with the company’s shares set to list on the BSE SME platform on Monday, September 16, 2024. The price band for the Share Samadhan IPO is set between ₹70 and ₹74 per share. Investors can apply with a minimum lot size of 1,600 shares, requiring a minimum investment of ₹118,400 for retail investors.
High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (3,200 shares), amounting to ₹236,800. Narnolia Financial Services Ltd is the book-running lead manager, with Skyline Financial Services Private Ltd acting as the registrar. Nikunj Stock Brokers will serve as the market maker for the IPO.
Industry Outlook:
- The global litigation funding market is projected to reach $57.2 billion by 2035, growing at a CAGR of 13.14%, highlighting significant investment opportunities.
- In India, ₹3,78,000 crores worth of physical shares and ₹35,770 crores in unclaimed mutual funds represent vast untapped assets, emphasising the need for regulatory intervention.
Share Samadhan IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- To meet the expenses for Investment in Technology.
- To meet the expenses for Unidentified Acquisition for Company (In India or Abroad).
- To meet the Working Capital requirements of the Company.
- To meet the General Corporate Purposes; and
- To meet the Issue Expenses.
About Share Samadhan Limited
Share Samadhan Limited, formerly known as Tiger Island Hospitality Private Limited, was established in 2011 and has since evolved into a company specialising in diverse services to protect and recover clients' investments. The company’s operations are divided into three main business segments.
First, through Share Samadhan Limited, the company provides investment retrieval services, offering advisory solutions to unlock value and resolve investor issues across various financial assets, including equities, mutual funds, insurance, and provident funds. They also assist in recovering unclaimed dividends and interest and in resolving issues related to lost or damaged financial instruments.
Secondly, Wealth Samadhan Pvt Limited offers comprehensive wealth protection services via the Wealth Samadhan Card, a digital solution designed to optimise and secure investment data.
Lastly, Nyaya Mitra Limited, a subsidiary of Share Samadhan, specialises in providing litigation funding solutions tailored to the multifaceted nature of legal disputes. As of August 28, 2024, the company employed 48 individuals, all dedicated to delivering effective solutions across its varied service offerings.
Peer Details
Share Samadhan Limited operates in a unique business segment with no directly comparable listed companies in India.
How to Check the Allotment Status of the Share Samadhan IPO?
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Contact Details of Share Samadhan IPO
- Registered office: B-35, Lower Ground Floor, South Extension Part-II, New Delhi- 110049
- Phone: 011- 49084044
- E-mail: nfo@sharesamadhan.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue from Operations (in ₹ lakh) | 92.82 | 27.57 |
| Profit After Tax (PAT) (in ₹ lakh) | 39.10 | 4.79 |
| Current Ratio (x) | 5.99 | 1.62 |
| Net Worth (in ₹ lakh) | 112.87 | 35.92 |
| Total Borrowings (in ₹ lakh) | 87.09 | 61.84 |
| Return on Equity (%) | 0.35 | 0.13 |
| Return on Capital Employed (RoCE) (%) | 0.48 | 0.19 |
| Earnings Per Share (in ₹) | 4.63 | 0.58 |
Know before investing
Strengths
6First mover in unclaimed investment recovery with a decade's experience.
Client-centric approach ensures tailored solutions and high client satisfaction.
An extensive business associate network amplifies recovery reach and effectiveness.
Proven track record with ₹40.47 lakh PAT in FY2024.
Established operations since 2011, consistently scaling up profitability.
Strong B2B relationships and strategic partnerships drive lead generation.
Risks
6Technical glitches risk user satisfaction, engagement, and retention.
Dependence on key personnel; loss could impact operations significantly.
Success relies heavily on business associates; loss affects operations.
Outstanding litigation against promoters could impact financial condition.
Success-based fee model; wrong outcomes may hurt operations.
Negative cash flows in past years; improved but still a concern.
