SR
UpcomingSMEReal Estate · Real Estate Development
Shaival Reality Limited
SHAIVAL
★★☆☆☆2/5
🔗 Official WebsitePrice Band: —
Issue Size: 5.28
About the Company
What does this company do?
Shaival Reality Limited is engaged in real estate development and construction business. The company was incorporated as Shaival Reality Private Limited on April 10, 1996, and was converted to a public limited company on February 4, 2015.
IPO Details
Issue parameters, key dates and structure.
Total Issue Size
5.28
528000
Fresh Issue
5.28
528000
Proceeds go to company
Reservation Structure
RII (Retail Individual Investors)
50
250800
For investors up to Rs. 2.00 Lakhs; minimum 50% of Net Issue available on proportionate basis
Financial Performance
P&L, Balance Sheet and Cash Flow — all figures in ₹ Crores.
| Particulars (₹ Cr) | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|---|---|---|---|---|
| Revenue from Operations | 5.16 | 4.93 | 11.57 | 9.72 | 14.60 |
| Other Income | 0.57 | 1.42 | 0.98 | 1.45 | 2.62 |
| EBITDA | 1.08 | 3.18 | 2.24 | 2.13 | 4.05 |
| EBITDA Margin | 20.9% | 64.5% | 19.4% | 21.9% | 27.7% |
| Depreciation & Amortisation | 0.70 | 0.90 | 1.13 | 1.62 | 4.41 |
| EBIT | 0.38 | 2.28 | 1.11 | 0.51 | -0.36 |
| Finance Costs (Interest) | 0.11 | 0.29 | 1.31 | 2.04 | 2.84 |
| PBT (Profit Before Tax) | 0.27 | 1.19 | -0.19 | -1.53 | -3.20 |
| Tax | 0.08 | 0.34 | -0.04 | 0.07 | -0.63 |
| PAT (Net Profit) | 0.19 | 0.85 | -0.15 | -1.60 | -2.57 |
| PAT Margin | 3.7% | 17.2% | -1.3% | -16.5% | -17.6% |
| EPS — Basic (₹) | 1.37 | 6.05 | -1.08 | -11.43 | -18.37 |
| EPS — Diluted (₹) | 1.37 | 6.05 | -1.08 | -11.43 | -18.37 |
All figures in ₹ Crores (INR). Data sourced from DRHP/RHP.
Key Financial Ratios
Valuation and profitability metrics at the IPO price.
EPS — Basic (₹)
-18.37
FY2015
EPS — Diluted (₹)
-18.37
FY2015
P/E Ratio
—
Not meaningful — loss-making
RoNW (%)
-27.35%
FY2015 (PAT/Avg NetWorth)
NAV per Share (₹)
67.17
Pre-issue (₹9.41 Cr / 14.01 lakh shares)
Debt/Equity
3.54
FY2015
EBITDA Margin (%)
23.56%
FY2015 (EBITDA on total revenue)
PAT Margin (%)
-14.93%
FY2015 (PAT/total revenue)
Revenue CAGR
12.35%
FY2013–FY2015 (2-yr, on ops revenue)
Objectives of the Issue
How the company intends to use the IPO proceeds.
⚠
Funding of capital expenditure for ongoing and future projects
1
General corporate purposes and working capital requirements
SWOT Analysis
Internal strengths & weaknesses; external opportunities & threats.
💪Strengths
⚠️Weaknesses
High debt to equity ratio of 1.90 as of FY2015
Negative earnings in FY2014 and FY2015
Declining net worth from Rs. 14.28 Cr in FY2013 to Rs. 9.41 Cr in FY2015
🚀Opportunities
Growing Indian real estate sector
Positive GDP growth expected in India
Rising FDI inflows into India
🔥Threats
Volatility in real estate market
Economic and policy changes affecting real estate sector
Interest rate fluctuations
Competition from larger real estate developers
Promoters & Shareholding
Pre & post-IPO shareholding pattern. Click a promoter card to learn more.
Promoters
Shareholding Pattern
49.8936.35
50.1163.65
PrePost
Key Risks
Material risk factors to consider before applying.
⚠
First issue of equity shares with no formal market history
⚠
Issue price is 10 times face value - risk of price volatility post-listing
⚠
No assurance of active trading post-listing
⚠
Circuit breaker restrictions may limit trading ability
⚠
Dependence on real estate market conditions
⚠
Interest rate risks and economic policy changes
◆ Neutral
Should You Apply?
Shaival Reality Limited is a real estate development company incorporated in 1996 and converted to public limited company in 2015. The company is making its maiden IPO on NSE Emerge platform. The issue comprises 5,28,000 equity shares at a fixed price of Rs. 100 per share (10x face value), aggregating Rs. 5.28 crores. The company has reported negative earnings in the last two fiscal years (FY2014 and FY2015) with declining net worth and high debt-to-equity ratios. The issue aims to raise capital for ongoing and future real estate projects and working capital requirements.
⚠️ This is not investment advice. CheckIPO provides information for educational purposes only. Always consult a SEBI-registered financial advisor before investing.
Lead Managers & Registrar
Institutions managing the issue and handling allotment.
Book Running Lead Managers (1)
SARTHI CAPITAL ADVISORS
Registrar to the Issue
📋
BIGSHARE SERVICES PRIVATE LIMITED
Registrar to the Issue
Company Details
Registered information and contact details.
Company Name
Shaival Reality Limited
CIN
U45201GJ1996PLC029311
Registered Office
A/1, Maharaja Palace, Near Vijay Cross Road, Navrangpura, Ahmedabad-380009, Gujarat, India
Contact Person
Mr. Jagdish Nagindas Limbachiya
Designation
Chief Financial Officer
Phone
+91 79 26407802
Website
www.shaivalgroup.ooo