Share Samadhan IPO Listing: Share Samadhan, which provides investment services, made a weak entry on BSE's SME platform today. Its IPO received more than 14 times the overall bids. Shares were issued for Rs 74 under the IPO. Today, it entered BSE SME at Rs 73.05, which means that IPO investors did not get any listing gain, rather their capital decreased by 1.28 percent on listing. After listing, the shares slipped further and fell to Rs 70.81 (Share Samadhan Share Price), which means that IPO investors are now at a loss of 4.31 percent.

Share Samadhan IPO got a great response.

Share Samadhan's Rs 24.06 crore IPO was open for subscription from 9-11 September. This IPO received a good response from investors and overall it was subscribed 14.59 times. In this, the portion reserved for qualified institutional buyers (QIB) was filled 2.66 times, the portion of non-institutional investors (NII) was filled 22.44 times and the portion of retail investors was filled 18.04 times. Under this IPO, 32,51,200 new shares with a face value of Rs 10 have been issued. The company will use the money raised through these shares to invest in technology, acquisitions in India and abroad, meet working capital requirements, general corporate purposes, and issue related expenses.

About Share Samadhan

Share Samadhan (formerly Tiger Island Hospitality Pvt Ltd), formed in 2011, provides investment-related services. It has 48 employees as of August 28, 2024. Talking about the financial health of the company, it had a net profit of Rs 60.7 lakh in the financial year 2022, which came down to Rs 47.92 lakh in the next financial year 2023. However, in the very next financial year 2024, the net profit jumped sharply to Rs 3.91 crore. During this period, the company's revenue grew at a compound growth rate (CAGR) of more than 102 percent annually to Rs 9.96 crore.