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Sadbhav Infrastructure Project Ltd IPO - To Invest or Avoid

We present below an update for Sadbhav Infrastructure Project Ltd IPO  and you will be able to get all the requisite updates about this IPO to arrive at a logical decision for investment or avoidance. Have a look at below image to get the correct information on this IPO.


Sadbhav Infrastructure Project Limited is leading road BOT companies in India that specialises in the development, operation and maintenance of highways, roads and related projects. It has 10 build, operate and than transfer (BOT) projects and out of it 9 BOT projects are toll projects. Sadbhav Infra generate revenues primarily from toll collection, service fee and annuity receipts.

State of its projects is as following:-
  • 6 road projects are fully operational.
  • 1 road project is partially operational.
  • 3 projects are in various stages of development. 

Sadbhav Infrastructure Project has raised Rs 210 crore from anchor investors, ahead of its initial public offering (IPO) starting tomorrow.  The company alloted 2.04 crore equity shares at a price of Rs 103 aggregating Rs 210 crore, the company said in a statement.  The anchor investors are HDFC Mutual Fund, Tata MF, Nomura MF, Morgan Stanley, Amansa, Tata AIA Life and SBI MF.

Sadbhav plans to raise Rs 425 crore through fresh issue of equity shares and an offer for sale. The price band has been fixed at Rs 100-103 a share. The IPO, which opens on August 31, would close on September 2.

Verdict

Sadbhav Infrastructure Project revenues has been growing exponentially for past 3 years but it is for the time being not generating any profits as it has long gestation period in the recovery of money from the users. Thus the premium they are asking is probably on the higher side and thus we will suggest to avoid this new issue as established companies are already available in this segment.

Invest only after referring to the Red Herring Prospectus dated 21 August 2015. Remember to get free stock market tips at our financial platform by filling your email in the subscription box provided below or in the sidebar.

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