Share Samadhan Limited IPO Opens On 9th September 2024

Fresh Issue Size – 32,51,200 Equity Shares of ₹ 10 each

Issue Size – ₹ 24.06 Crores (At Upper Price Band)

Price Band – ₹ 70 - ₹ 74 Per Equity Share 

Lot Size – 1,600 Equity Shares

Mumbai, September 04, 2024 –Share Samadhan Limited offers a one-stop solution for investment retrieval, wealth protection, and litigation funding solutions, has announced its plan to go public with an IPO on September 9, 2024, aiming to raise ₹ 24.06 Crores, with shares to be listed on the BSE SME platform.

The issue size is Up To 32,51,200 equity shares at a face value of ₹ 10 each.

Equity Share Allocation

QIB Anchor Portion – Up to 9,23,200 Equity Shares

Qualified Institutional Buyers (QIB) – Up to 6,19,200 Equity Shares

Non-Institutional Investors (NII) – Not less than 4,64,000 Equity Shares

Retail Individual Investors (RII) – Not less than 10,81,600 Equity Shares

Market Maker – Up to 1,63,200 Equity Shares

The net proceeds from the Issue will be utilized primarily for Investment in Technology, Unidentified Acquisition for Company (In India or Abroad), Working Capital Requirement, General Corporate Purposes and to meet out the Issue Expenses. The issue will open for subscription on September 9, 2024 and closes on September 11, 2024.                                                                                                            

The Lead Manager to the Issue is Narnolia Financial Services Limited, The Registrar to the Issue is Skyline Financial Services Private Limited.

Mr. Abhay Kumar Chandalia, Managing Director, of Share Samadhan Limited expressed, "This milestone marks a significant achievement for Share Samadhan, highlighting our progress and advancements in investment retrieval, wealth protection, and litigation funding solutions since our inception. Our journey has been dedicated to providing investors with comprehensive solutions to reclaim their lost, blocked, or forgotten investments. 

From physical shares to mutual funds, provident funds, fixed deposits, insurance, bank deposits, debts, and other asset classes, we've made it our mission to help investors recover their rightful assets and secure their financial futures. The IPO will expand our operations, enhance market presence, fuel growth opportunities, and bolster our corporate image and brand, while establishing a public market for our company.”

Mr. Vipin Aggarwal, Chairman and Managing Director of Narnolia Financial Services Limited said, "As we prepare to launch the Share Samadhan IPO, we are excited about the opportunities in the rapidly expanding financial sector. This IPO presents investors with an excellent opportunity to engage with a company leading the way in investment retrieval, wealth protection, and litigation funding solutions.

Share Samadhan excels in reclaiming lost, blocked, or forgotten investments across a wide array of financial assets. With a focus on delivering comprehensive, hassle-free solutions, Share Samadhan is poised to lead the industry ensuring that investors can recover their wealth efficiently and securely.

This IPO is set to fuel our growth and generate significant value for our investors."

About Share Samadhan Limited:

Share Samadhan Limited known for one of the Largest Platform for Unclaimed Investments Retrieval Advisory in India. The Company offers a one-stop solution for investment retrieval, wealth protection, and litigation funding solutions, helping clients resolve disputes and protect their investments, primarily on a success-fees model. The company specializes in providing investors with comprehensive services to help them recover lost, blocked, or forgotten investments across a wide range of financial assets, including physical shares, mutual funds, provident funds, fixed deposits, insurance, bank deposits, debts, and other asset classes.

In FY24, The Company Achieved a Consolidated Revenue of ₹ 996.13 Lakhs, Consolidated EBITDA of ₹ 563.15 Lakhs, & Consolidated PAT of ₹ 391.01 Lakhs.

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.