Schedule of Share Samadhan
| Issue open date | 09 Sep 2024 |
| Issue close date | 11 Sep 2024 |
| UPI mandate deadline | 11 Sep 2024 (5 PM) |
| Allotment finalization | 12 Sep 2024 |
| Refund initiation | 13 Sep 2024 |
| Share credit | 13 Sep 2024 |
| Listing date | 16 Sep 2024 |
| Mandate end date | 26 Sep 2024 |
| Lock-in end date for anchor investors (50%) | 12 Oct 2024 |
| Lock-in end date for anchor investors (remaining) | 11 Dec 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Share Samadhan
Incorporated in 2011, Share Samadhan is in the business of Investment retrieval services related to various financial assets such as equity shares, preference shares, mutual funds, debentures, bonds, insurance, provident funds, deposits, bank accounts, debts, and other asset classes. The company also assists in the retrieval of unclaimed and unpaid dividends, and interests, as well as addressing issues like old, lost, forgotten, or damaged financial instruments such as physical shares, old mutual fund papers, old insurance / PF papers, etc. and facilitating transfer and transmission processes and other allied services.
It also offers wealth protection services through the Wealth Samadhan Card, which is a comprehensive digital investment repository solution designed to safeguard and streamline the protection of investment information. This service offers clients a secure and straightforward way to record and store all their investment details in one place in an encrypted way. Further, It also offers a spectrum of litigation funding solutions tailored to address the multifaceted nature of legal disputes through its subsidiary, Nyaya Mitra Limited.
Financials of Share Samadhan
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹24.06 crores |
| Fresh Issue | ₹24.06 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 7.9 (32.83%) |
| Investment in technology | 4.1 (17.04%) |
| Acquisition for Company (In India or Abroad) | 3.56 (14.8%) |
| General corporate purposes | 6.02 (25%) |
| Others | 2.49 (10.33%) |
Strengths
- The company has the first-mover advantage in unclaimed investment recovery with a decade of leadership.
- The company has well-established partnerships with major business associates. Its extensive network of business associates significantly extends its reach, enhancing the effectiveness of the recovery efforts.
- The company aims to pioneer the industry in reclaiming unclaimed investments and all other asset classes and to offer comprehensive solutions for safeguarding wealth.
Risks
- The business heavily relies on the expertise and guidance of its directors and Key managerial personnel to ensure sustained success. The loss of any of them could have a significant impact on the company.
- The business model runs largely on a success-based fee structure, in case of any wrong outcomes or non-recovery of an investment, the business operations will be affected.
- The company had negative cash flows from its operating, investing, and financing activities in the previous years.
- The company requires a significant amount of working capital for continuing growth. Any inability to meet its working capital requirements may adversely affect the results of operations.
- Inadequate management of technical glitches may compromise user satisfaction, engagement, and subscriber retention, posing a threat to the website’s seamless operation and user experience.