Share Samadhan will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

Nyaya Mitra, a subsidiary of Share Samadhan, has secured a contract for litigation funding consulting on emerging claims, including damages valued at Rs 1,240 crore. Operated on a success-fee basis, the final fees for this claim engagement will be linked to the amount successfully recovered or the settlement ratio. This contract underscores Nyaya Mitra's commitment to facilitating corporate claims and supporting clients in complex cases to assert their legal rights, said Vikash Jain, co-founder and CEO of Share Samadhan. Share Samadhan is India's leading platform for unclaimed investment and money retrieval advisory. Through Nyaya Mitra's specialized litigation funding consulting services, Share Samadhan and its subsidiaries provide comprehensive support for investment recovery and strategic legal assistance, empowering clients with tailored solutions to protect and assert their interests in claims. The company recorded revenue from operations of Rs 983.28 crore and net profit of Rs 391.01 crore for the period as on 31 March 2024. Share Samadhan's shares entered the stock exchanges on 16 September 2024. The scrip was listed at Rs 73.05, a discount of 1.28% over the initial public offer (IPO) price of Rs 74. Its IPO was subscribed 13.63 times. The issue opened for bidding between 9 September and 11 September 2024. The price band of the IPO was set at Rs 70 to Rs 74 per share. Powered by Capital Market - Live

The scrip was listed at Rs 73.05, a discount of 1.28% over the initial public offer (IPO) price. The stock was currently up 1% over its listing price. The counter hit a high of Rs 74.75 and a low of Rs 69.40. About 4.86 lakh shares of the company changed hands at the counter. Share Samadhan's IPO was subscribed 13.63 times. The issue opened for bidding on 9 September 2024 and it closed on 11 September 2024. The price band of the IPO was set at Rs 70 to Rs 74 per share. The IPO comprised fresh issue of 32,51,200 equity shares. The promoter and promoter group shareholding diluted to 62.52% from 85.05% pre-issue. The company intends to utilize the net proceeds to meet working capital requirement, investment in technology, unidentified acquisition for company (in India or abroad), issue expenses and general corporate purpose. Ahead of the Share Samadhan on 6 September 2024, raised Rs 6.83 crore from anchor investors. The board allotted 9.23 lakh shares at Rs 74 per share to 4 anchor investors. Share Samadhan is a one-stop solution, providing a wide range of services aimed at helping clients efficiently to protect and retrieve their investments / money. These services include Investment retrieval through the company, Wealth Protection through Wealth Samadhan, and litigation funding solutions through Nyaya Mitra, thereby assistance in resolving various disputes regarding blocked investments in any asset class largely on a success fees model. The company has 48 employees on payroll across all departments. The company recorded revenue from operations of Rs 983.28 crore and net profit of Rs 391.01 crore for the period as on 31 March 2024. Powered by Capital Market - Live

The equity shares of Share Samadhan (Scrip Code: 544251) are listed effective 16 September 2024 and admitted to dealings on the Exchange in the list of ''MT'' Group Securities. Powered by Capital Market - Live