Ongoing SME IPO_Parin Furniture Ltd

 

Parin Furniture Ltd

Issue Analysis :

Issue opens Sept.26, 2018
Issue Closes Sept.28, 2018
Issue Price Rs 63
Lot Size 2000
Issue Size 18.90 Cr
Lead Manager Hem Securities Limited
Registrar Karvy Computershare Pvt Ltd
Platform NSE

Company’s Snapshot :

Parin Furniture provides a wide range of furniture and lifestyle products including home furniture, office furniture, hospital furniture, institutional furniture and education furniture. Its subsidiary Pearl Furniture Private Limited has well established manufacturing unit located at Survey No. 26, Shapar Main Road, Village, Shapar, Taluka – Kotada Sangani, Dist – Rajkot-360024, having high tech equipments and design facility to manufacture various combination and size of products as per specification and needs of the customers. The factory is equipped with all facilities to execute all types of manufacturing activities such as panel cutting, edge bidding, post forming, painting line, fabrication, moulding, cutting and polishing & packaging, etc.

The company’s business network is spread in 18 States. It has COCO Flagship Retail Stores and around 900 dealers associated with itself.

Object of the Issue:

The objects of the Issue are to:

 

  • Repayment of Certain Secured Borrowing
  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Parin Furniture’s  financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 30.0 28.8 61.8 59.9 64.6
Total expenses 27.6 26.2 56.9 54.1 57.4
Profit after tax 0.61 0.28 1.02 1.36 2.62

 

Company Promoters:

The Promoters of the Company is:

  1. Mr Umesh Dhirajlal Nandani
  2. Mr Deven Dipesh Nandani
  3. Mr Parin Umeshbhai Nandani

Contact Company Information:

Parin Furniture Limited
Plot No. 6, Revenue Survey No. 149
National Highway,at Vavdi, Gondal Road
Rajkot, Gujarat – 360 004

 

Phone: +91 281 3300777
Email: cs@parinfurniture.com
Website: www.parinfurniture.com

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Ongoing SME IPO_A1 Acid Ltd

 

A1 Acid Ltd

Issue Analysis :

Issue opens Sept.25, 2018
Issue Closes Oct. 01, 2018
Issue Price Rs 60
Lot Size 2000
Issue Size 18 Cr
Lead Manager Guiness Corporate Advisors Private Limited
Registrar Cameo Corporate Services Ltd
Platform BSE

Company’s Snapshot :

A1 Acid is engaged in the business of trading of high quality industrial acid and Chemicals. The company offers a wide range of chemical products which find variety of applications in the industrial sector like chemical, textile, steel, aluminium, pesticides, fertilizers, intermediates, defence, metals and petro refineries. The company also provides transportation facilities to its customers through owned fleet of tankers. Currently, the registered and correspondence offices of the company are situated at Gujarat. It has two godowns/warehouses both are located at Gujarat and one branch office located at Rajasthan.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

A1 Acid’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 101.1 97.0 85.4 105.8 96.2
Total expenses 100.5 96.9 84.1 101.3 92.3
Profit after tax -0.12 0.13 0.92 3.00 2.48

 

Company Promoters:

The Promoters of the Company is:

  1. Harshadkumar Patel
  2. Jitendra Patel

 

Contact Company Information:

A1 Acid Limited
Corporate House No. A-1, Shivalik Business Centre
B/h. Rajpath Club, S. G. Highway
Bodakdev, Ahmedabad -380059

 

Phone: +91 79-40091111
Email: cs@a1acid.com
Website: www.a1acid.com

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Ongoing SME IPO_Kshitij Polyline Ltd

 

Kshitij Polyline Ltd

Issue Analysis :

Issue opens Sept.21, 2018
Issue Closes Sept. 27, 2018
Issue Price Rs 35
Lot Size 4000
Issue Size 8.75 Cr
Lead Manager Monarch Networth Capital Limited
Registrar Karvy Computer share Private Ltd
Platform NSE

Company’s Snapshot :

Kshitij Polyline is involved in manufacturing, marketing, sourcing of Plastic Sheet, lamination sheet, folders, I card and files having wide application in printing and stationery. The company has developed the skill and expertise in designing and innovation in office stationery, calendar, dairy and student study materials of different variety colours, design and application. It has also developed the In-house technical & Design team to provide stationery solution and implementation for calendar, diary, books as replacement of traditional material with new and innovative PP material.

The company has regular business from existing clients such as Navneet Publication, Anupam Stationery, Events and Media Organisers of conference and Exhibition. The company has developed the regular whole sellers and distributors for supply of laminated sheet, PP sheet, office stationery and allied products. KPL has established own distribution and marketing network in Pan India Basis. The company is now planning for business expansion through state of art manufacturing facility. It has plan to develop logistic & warehousing facility in Delhi, Jaipur, Culcutta, Hydrabad, Banglore, Chennai and Pune.

Object of the Issue:

The objects of the Issue are to:

  • Purchase of Machinery and Equipment to manufacture the Laminated sheet, Wiro and PP Sheet suitable for stationery and office products
  • Working Capital Requirements
  • General Corporate Purposes
  • Issue Expenses

Financial Highlights :

Kshitij Polyline’s financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 9M FY2018
Total revenue 13.3 12.7 12.4 15.6 17.0 17.0
Total expenses 13.2 12.5 12.1 15.3 16.6 15.9
Profit after tax 0.08 0.11 0.16 0.20 0.28 0.85

 

Company Promoters:

The Promoters of the Company is:

  1. Bharat Hemraj Gala
  2. Hemraj Bhimshi Gala
  3. Rita Bharat Gala

Contact Company Information:

Kshitij Polyline Limited
8, Sona Udyog, Parsi Panchayat Road,
Andheri East
Mumbai – 400069

Phone: +91 022 42234107
Email: : kshitij123@hotmail.com
Website: www.kshitijpolyline.co.in

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Ongoing SME IPO_Manorama Industries Ltd

 

Manorama Industries Ltd

Issue Analysis :

Issue opens Sept.21, 2018
Issue Closes Sept. 25, 2018
Issue Price Rs 188
Lot Size 600
Issue Size 64 Cr
Lead Manager Pantomath Capital Advisors Pvt Ltd
Registrar Link Intime India Private Ltd
Platform BSE

Company’s Snapshot :

Manorama Industries is engaged in manufacturing, processing and supply of exotic and specialty fats & oils like Sal butter, Sal fat, Sal oil, Sal Stearine, Sal olein, Mango butter, Mango fat, Mango oil, Mango Stearine, Kokum butter, Kokum oil, Mowrah fat, and several value added tailor made products. Currently, it is among the leading manufacturers of Sal Oils and Stearine globally with an annual production of 3,000-4,000 tonnes. Last year, the company produced 908 tonnes of Stearine resulting into approximately 1% global market share. Globally, it is amongst the top 10 manufacturers of Stearine.

The company caters to chocolate and cosmetic industry. Its product stearine which is made out of sal or mango seeds is one of the key ingredients in the manufacturing of Cocoa Butter Equivalents (CBE), which has a demand in the Chocolate Industry. Further its product olein is generally demanded in cosmetic industry. Its products also serve as a non-palm oil ingredient as there is movement against usage of palm oil in many western countries.

Manorama Industries has also entered into an agreement with one of the leading chocolate manufacturers for supply of CBE for a period of two year from 2018. As on date of the DRHP, it has an order book to supply CBE worth INR7680.00 lakhs over a period of two years from April 2018.

Object of the Issue:

The objects of the Issue are to:

  • Establishing an integrated greenfield project for manufacturing of CBE / specialty fats and tailormade products at Birkoni, near Raipur
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Manorama Industries’ financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 105.3 133.4 131.7 146.4 221.9
Total expenses 104.1 132.0 130.0 144.3 206.0
Profit after tax 0.90 0.94 1.08 1.38 10.36

 

Company Promoters:

The Promoters of the Company is:

  1. Vinita Saraf

Contact Company Information:

Manorama Industries Limited

F-6, Anupam Nagar
Behind Ganesh Mandir, Raipur
Chhattisgarh- 492001

Phone: +91 022 67088148
Email: investors@manoramagroup.co.in
Website: www.manoramagroup.co.in

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Upcoming SME IPO_Spectrum Electrical Ltd

 

Spectrum Electrical Ltd

Issue Analysis :

Issue opens Sept.17, 2018
Issue Closes Sept. 21, 2018
Issue Price Rs 65
Lot Size 2000
Issue Size 25.87 Cr
Lead Manager Arihant Capital Market Ltd
Registrar Bigshare Services Pvt. Ltd
Platform NSE

Company’s Snapshot :

Spectrum Electrical Industries is engaged in the business of designing and manufacturing of electrical, automobile and irrigation components as contract manufacturers and as component suppliers to leading industry players on Business-to-Business (B2B) model. The company offers integrated design and manufacturing solutions for local and internationally recognised brands in the electrical products industry. It has developed ability to manufacture most of these products from the concept and design stage up to the final delivery to the customer’s distribution network thereby covering the entire value chain.

It undertakes production and supply of finished products and intermediate-stage products for its customers on contract basis depending upon the demand from them. Spectrum Electrical’s manufacturing units are located at Jalgaon & Nashik in Maharashtra. It also has a commercial tool room with modern infrastructure backed by an experienced team. The company offers comprehensive design services, ranging from product conceptualisation, designing, technical detailing, tooling and productivity improvement services.

Object of the Issue:

The objects of the Issue are to:

  • Setting up a Zinc Plating plant at Umale
  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

 

Financial Highlights:

Spectrum Electrical Industries’ financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 0.00 0.14 2.16 6.60 119.83
Total expenses 0.05 0.11 1.78 5.93 111.73
Profit after tax -0.05 0.02 0.30 0.53 5.90

 

Company Promoters:

The Promoters of the Company is:

  1. Deepak Chaudhari

Contact Company Information:

Spectrum Electrical Industries Limited
Plot No. V -195, MIDC Area
Ajanta Road
Jalgaon- 425 003

 

Phone: +91 0257 2210 192
Email: sarita.zamwar@spectrum-india.com
Website: www.spectrum-india.com

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Upcoming SME IPO_Ranjeet Mechatronics Ltd

 

Ranjeet Mechatronics Ltd

Issue Analysis :

Issue opens Sept.12, 2018
Issue Closes Sept. 17, 2018
Issue Price Rs 25
Lot Size 6000
Issue Size 04.05 Cr
Lead Manager Beeline Broking Ltd
Registrar Alankit Assignments Ltd
Platform BSE

Company’s Snapshot :

Incorporated in 1993, Ranjeet Electric Private Limited’s main object was to carry on the business of electrical and electrical mechanical engineers and sell supply, establish, fix and carry out and deal in industrial pumps, diesel engines, electrical motors and equipments etc. In 2009, the company took distributorship of fire pumps and fire engines of Kirloskar. In subsequent years, the firm – through its subsidiaries – has been awarded a work contract of sewage treatment plant, pumping system including water softening and water distribution system at Nashik Airport. In 2013-14, another group firm was awarded a contract of approximately INR10 crores from NCC Limited at Vardhaman Institute of Medical Science for Design, Supply, Transportation, Installation, Testing, Commissioning related to fire hydrant system, sprinkler system, fire Extinguishers, fire pumps, gas based fire Suppression system. The company’s name was changed to Ranjeet Mechatronics Limited in May 2018.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

 

Financial Highlights :

Ranjeet Mechatronics’ financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 10.9 24.0 25.3 17.6 18.0
Total expenses 10.8 23.9 25.0 16.9 16.7
Profit after tax 0.03 0.05 0.16 0.51 0.91

 

Company Promoters:

The Promoters of the Company is:

  1. Mr Rakesh Vallabhbhai Swadia
  2. Mr Devarshi Rakesh Swadia

Contact Company Information:

Ranjeet Mechatronics Limited
Block A, Office No: 407, Dev Aurum
Anand Nagar Char Rasta, Prahlad Nagar Road
Ahmedabad – 380 015

 

Phone: +91 79 4000 9390
Email: cs.compliance@ranjeet.co.in
Website: www.ranjeet.co.in

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Ongoing SME IPO_Ahlada Engineers Ltd

 

Ahlada Engineers Ltd

Issue Analysis :

Issue opens Sept.11, 2018
Issue Closes Sept. 18, 2018
Issue Price Rs 150
Lot Size 1000
Issue Size 51.08 Cr
Lead Manager Saffron Capital Advisors Private Ltd
Registrar Bigshare Services Pvt. Ltd.
Platform NSE

Company’s Snapshot :

Ahlada Engineers is in the business of manufacturing steel doors and windows (steel-frame) and caters to customers across various segments and industries. It currently has facilities spread across 3 manufacturing units in addition to one assembling unit and stock yard, with an area admeasuring 34,211 square yards on the outskirts of Hyderabad. Additionally, the company is also in the business of manufacturing cleanroom equipment for customers in the pharmaceutical, biotechnology and food industries.

Established in 2005, it started commercial operations in February 2006 with manufacturing of cleanroom equipment and furniture. Further in the year 2008, the company started manufacturing steel doors which catered to the then existing customers of cleanroom equipment and furniture. The company gradually expanded its manufacturing facilities and has over the past decade, expanded the facilities to its current form and capacity. Presently, Ahlada Engineers has an installed capacity to manufacture 11,000 doors per month.

Object of the Issue:

The objects of the Issue are to:

  • Repayment of certain identified loans availed from lenders and directors
  • Purchase of Machinery/Equipment
  • Funding of Working Capital Gap
  • General Corporate Purposes
  • Issue Expenses

 

Financial Highlights :

Ahlada Engineers’ financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 79.1 96.3 111.5 118.6 127.9
Total expenses 75.0 92.2 106.6 113.3 115.6
Profit after tax 2.6 2.6 3.1 3.3 8.1

 

Company Promoters:

The Promoters of the Company is:

Chedepudi Suresh Mohan Reddy

Contact Company Information:

Ahlada Engineers Limited
Survey No. 62/1/A & 67, Tech Mahindra Road
Bahadurpally, Qutbullapur Mandal
Hyderabad 500 043

 

Phone: +91 98 6650 0811
Email: kodanda.cs@ahlada.com
Website: www.ahlada.com

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Upcoming SME IPO_AKG Exim Ltd

 

AKG Exim Ltd

Issue Analysis :

Issue opens Sept.10, 2018
Issue Closes Sept. 14, 2018
Issue Price Rs 31
Lot Size 4000
Issue Size 5.52 Cr
Lead Manager Navigant Corporate Advisors Ltd
Registrar MAS Services Limited
Platform NSE

Company’s Snapshot :

AKG Exim is a diversified & leading merchant trading company in vast range of products & commodities. The company is a global merchandiser, distributor of variety of products including Non Basmati Rice, Metal Scrap, Aluminium scrap, Iron Scrap, Spices and Dry Fruits, etc. The company connects the seller and the markets, while ensuring lasting prosperity and sustainable supply at both ends. The company is catering to a large number of customers around the globe with concentration on Indian and overseas subcontinent.

Metal Scrap etc. is being imported from USA & West African Countries and sold in Far East Countries & in Domestic markets; and Non Basmati Rice is being purchased in the domestic Market and Exported in markets of African Countries. For export business of Non Basmati, AKG Exim has established relationships with the processors of foodgrains, and supplies the same to processors, wholesalers, food companies, etc. and ensures for them regular and assured supplies to match their requirements.

Object of the Issue:

The objects of the Issue are to:

 

  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

 

Financial Highlights :

AKG Exim’s financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 8M FY2018
Total revenue 108.26 70.45 74.82 98.59 105.55 81.98
Total expenses 105.97 68.55 72.95 96.14 103.10 81.34
Profit after tax 0.69 0.54 0.41 0.41 0.49 0.63

 

Company Promoters:

The Promoters of the Company are:

  1. Apple Overseas Pte Limited
  2. Rajeev Goel HUF

Contact Company Information:

AKG Exim Limited
408-411, Pearls Corporate, Sector – 3
Rohini, Behind Kali Mata Temple
Delhi 110085

Phone: +91 11 40015500
Email: info@akg-global.com
Website: www.akg-global.com

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Upcoming SME IPO_Rajshree Polypack Ltd IPO

 

Rajshree Polypack Ltd

Issue Analysis :

Issue opens Sept.10, 2018
Issue Closes Sept. 12, 2018
Issue Price Rs 121
Lot Size 1000
Issue Size 35.82 Cr
Lead Manager PL Capital Market Private Limited
Registrar Link Intime India Private Ltd.
Platform NSE

Company’s Snapshot :

Rajshree Polypack is one of the leaders in manufacturing of rigid plastic sheets and thermoformed packaging products. The company manufactures customized plastic thermoformed packaging products which are tailored to the client’s requirements. Its product portfolio ranges from yoghurt & ice cream containers, food packing, QSRs, coffee cups, bakery products and confectioneries, beverage cups & containers, generic bowls, punnets & trays for fruits and vegetable packing, lids etc. Rajshree Polypack also has a wide range of sizes and designs to meet the customers’ need.

The company has an annual capacity of over 10,000 MT and produces more than 100 products at its three manufacturing facilities which have been equipped with the state of the art machinery. In 2004-05, Rajshree Polypack was one of the early ones to introduce 6-colour printing in dry offset technology in the Indian market. In 2008-09, it introduced alternate decoration technology of shrink sleeving on cups and containers which has grown extensively since then.

Object of the Issue:

The objects of the Issue are to:

 

  • Setting up of Factory Unit IV at Daman
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Rajshree Polypack’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 39.01 65.06 95.66 96.43 112.50
Total expenses 39.27 63.96 83.48 82.65 99.41
Profit after tax -0.04 0.72 7.83 8.87 9.31

 

Company Promoters:

The Promoters of the Company are:

  1. Ramswaroop Radheshyam Thard
  2. Naresh Radheshyam Thard
  3. Sajjan N Rungta HUF

Contact Company Information:

Rajshree Polypack Limited
#212, 2nd Floor, Lodha Supremus
Road No. 22, Kishan Nagar
Wagle Estate, Thane (W) – 400604

 

Phone: +91 22 25818200
Email: cosec@rajshreepolypack.com
Website: www.rajshreepolypack.com

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Ongoing SME IPO_ Lagnam Spintex Limited ipo

 

Lagnam Spintex Limited

Issue Analysis :

Issue opens Sept. 04, 2018
Issue Closes Sept. 09, 2018
Issue Price Rs 41
Lot Size 3000
Issue Size 24.60 Cr
Lead Manager BOI Merchant Bankers Ltd

Holani Consultants Private Limited

Registrar BIGSHARE SERVICES PVT. LTD
Platform NSE

Company’s Snapshot :

Lagnam Spintex is an ISO 9001:2015 certified company engaged in the business of manufacture of high quality yarn for domestic and export market ranging from count Ne 4 to Ne 20 which is used in Denim, Terry Towels, Bottom Wears, Home Textiles and Industrial Fabrics etc. The manufacturing facility of the company is situated at A- 53, RIICO Growth Centre, Hamirgarh of Bhilwara District in Rajasthan State and spreads over 10,000 square meters. The company has at present an installed capacity of 1,920 rotors for cotton yarn having capacity to produce16.5 tonnes per day of high quality yarn. The company has been recognised as “One Star Export House” by the Director General of Foreign Trade with a certificate valid from 2017 to 2022. Lagnam Spintex is presently exporting cotton yarns to countries like Portugal, Italy, Germany, Belgium, South Africa, Slovenia, Columbia, China, Pakistan, Bangladesh and others. It supplies to customers, who are in fields like apparel and garment industry, industrial fabrics, towels, Denims etc.

Object of the Issue:

The objects of the Issue are to:

  1. Part Finance the setting up of additional cotton yarn manufacturing facility.
  2. Issue Expenses.

 

Financial Highlights :

Lagnam Spintex’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 42.06 49.83 56.56 75.38 84.54
Total expenses 40.30 47.97 53.38 69.87 78.82
Profit after tax 1.45 1.58 2.08 3.67 4.68

 

Company Promoters:

The Promoters of the Company are:

  1. Dwarka Prasad Mangal
  2. Anand Mangal
  3. Lagnam Infotech Solutions Private Limited

Contact Company Information:

Lagnam Spintex Limited
A-51-53, RIICO Growth Centre
Hamirgarh
Bhilwara – 311001

Phone: +91 014 82 289210
Email: rparashar@lagnam.com
Website: www.lagnamspintex.com

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