Category: IPO

Saketh Exim Limited IPO

Issue Analysis :

Issue opens	Aug 1, 2018
Issue Closes	Aug 3, 2018
Issue Price	Rs 69
Lot Size	2000
Issue Size	9.44 Cr
Lead Manager	ARYAMAN FINANCIAL SERVICES LIMITED
Registrar	BIGSHARE SERVICES PVT. LTD
Platform	NSE

Company’s Snapshot :

Incorporated in 2010, Mumbai based Saketh Exim Limited is a company engaged in the business of manufacturing and fabricating of a wide range of steel products used in Pipe Support Systems, HVAC Systems, Anti-vibration System and Equipment for Industrial, Commercial, Utility and OEM Installations.

The company manufactures engineering products, metal and base metal products like bolts, clamps, G. I. nuts and hangers etc. Its product portfolio also includes all types of bathroom accessories, bathroom pipes, fittings and sanitary wares.

The Company is also engaged in trading of textile products like fancy shirtings and finish fabrics.

Saketh Exim has 3 manufacturing units located at Vasai.

For six months period ending September 30, 2017, Manufacturing contributed 46.26% while Trading contributed 53.74% to the revenue of the company.

The revenue from operations for the financial year ending 2014-15, 2015-16 and 2016-17 are Rs 3,748.30 lakhs, Rs

4,668.77 lakhs and Rs 5,132.56 lakhs respectively.

The Net profit after tax for the company shows an increase of 91.07% and 24.06% respectively over the 3 years.

The company has 37 employees on its payroll.

 

Object of the Issue:

The Issue comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder.

The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholder.

The objects of the Fresh Issue are to raise funds for:

• Funding Long-Term Working Capital Requirements and
• Funding Expenditure for General Corporate Purposes

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	3,717.27	2,445.78	1,562.01	1,812.55	1,550.80	842.20
Total Revenue	6,199.76	5,140.47	4,672.11	3,749.45	3,321.15	1,930.61
Profit After Tax	107.12	95.55	77.02	40.31	13.31	13.87

 

Company Promoters:

The promoters of the company are:
1. Mr. Sanjay J Patel (Individual Promoter)
2. Mrs. Smita S Patel (Individual Promoter)
3. Mrs. Taruna P Patel(Individual Promoter)
4. Mrs. Fatema S Kachwala (Individual Promoter)

 

Contact Company Information:

Saketh Exim Limited

Plot No- PAP D-146/147
TTC MIDC, Turbhe,
Navi Mumbai – 400705
Phone: +91 22 2762 0641/42/43
Fax: : +91 22 2762 0623
Email: info@sakethexim.com
Website: http://www.sakethexim.com

For Beeline Assistance:  Contact Here

 

Salebhai Internet Limited IPO

Issue Analysis :

Issue opens	July 27, 2018
Issue Closes	August 02, 2018
Issue Price	Rs 105
Lot Size	1200
Issue Size	23.73 Cr
Lead Manager	MONARCH NETWORTH CAPITAL LIMITED
Registrar	Skyline Financial Services Private Ltd
Platform	BSE

Company’s Snapshot :

Incorporated in 2015, Ahmedabad based Salebhai Internet Limited is a company engaged in e-commerce. The company runs a portal, salebhai.com to offer people living abroad to order specialties from their hometowns.

The company offers a range of products including sweets, bakery, beverages, spices, dry fruits, namkeen, chocolates, and pickles. Customers can also purchase handicrafts, handloom goods, paintings, puja items, and herbal & wellness items on its website.

Salebhai plans to penetrate into smaller town to further deepen its offerings to customers and widen its offering by adding new product categories which are missed by people. It plans to add another 400 sellers by the end of 2018.

As of March 2017, the company has 22% of its buyers who have ordered at least twice from the website and 19% buyers with more than five orders.

The company has 31 permanent employees on its payroll.

 

Object of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects in the following manner:
1. Operating Expenditure- Rs 542.98 Lakhs
2. Customer Acquisition- Rs 750.00 Lakhs
3. IT Development- Rs 500.00 Lakhs
4. General Corporate Purpose- Rs 509.60 Lakhs
5. Brand Building & Promotion- Rs 20.00 Lakhs
6. Issue Expense- Rs 50.00 Lakhs

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Jan-18	31-Mar-17	31-Mar-16
Total Assets	664.03	97.05	10.57
Total Revenue	113.29	46.02	3.70
Profit After Tax	(159.87)	(288.11)	(111.19)

 

Company Promoters:

The promoters of the company are-

1. Vishwavijay Singh
   2. Anandprakash Varani
   3. Purba Kalita

The Promoters jointly hold 33,40,150 Equity Shares aggregating to 53.52 % of pre-issue Equity Share Capital
of the Company.

Contact Company Information:

Salebhai Internet Limited
307-A,C/o Safal Pegashis, Opp. Kiran Motors,
100ft Road, Opp: Rivera Bunglows, Prahalad Nagar
Vejalpur Ahmedabad Gujarat – 380015
Phone: 079 – 4899 9917
Email: compliance@salebhai.com
Website: http://www.salebhai.com/

For Beeline Assistance:  Contact Here

 

 

Ushanti Colour Chem Limited IPO

Issue Analysis :

Issue opens	July 23, 2018
Issue Closes	July 25, 2018
Issue Price	Rs 57-60
Lot Size	2000
Issue Size	11.56 Cr
Lead Manager	PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar	Bigshare Services Pvt. Ltd
Platform	NSE

Company’s Snapshot :

Incorporated in 1993, Gujarat based Ushanti Colour Chem Limited is a company engaged in the business of manufacturing and trading of Dyestuffs.

The Company manufactures Reactive and Direct Dyestuffs also known as Synthetic Organic Dyes. It also manufactures Copper Phthalocyanine, Blue Crude which is used for manufacturing of Dyestuffs. The pigment and dyestuffs cater to the raw material requirement of various industries including wool, ink, wood, leather, nylon, paper, textile, garment, cotton, plastic and paint etc.

The company has 3 manufacturing facilities, spread over 2,739 sq. meters, located at Vatva GIDC in Gujarat. It also has its own Ice generation machinery. It recovers Ammonium Carbonate which is reused in the plant as well as sold to the Soda Ash Industry reducing wastage providing the company with incremental revenue.

The Monthly Production capacity of the company increased from 5 MT in 1990 to 300 MT now. With the new capacity addition, production will be 1350MT.

With land of 3000sq. mt, at Vatwa & 75000sq. mt land at Saykha, the company’s enterprise value is around Rs 45-50 crore.

Ushanti generates around 41% of its revenue from the Domestic market while the rest 59% is generated from its export operations.

Ushanti offers its products through traders. The manufactured dyes are sold as per the orders received by parties either directly from manufacturers or traders.

New Project Features

Expansion Phase I & II : Turquoise Blue Dyestu, Pigments & Intermediates

1. Highly Profitable.
2. For Backward Integration Project, no pressure to sell & not much working capital

required.

3. China has almost stopped production of Intermediates and Dyestuffs
4. With production of Intermediates with Dyestus/Pigments, Ushanti will be extremely

competitive in “Turquoises”

 

Phase III : (other products)

1. Phase I & II projects’ production will stabilize by 2020-21. Phase III of the project, for other products, will be started thereafter.
2. Funding for Phase III will be through an FPO of Rs 100 crores approx. after migration to the main board.

Other Features

1. Vertical expansion: All plants will have Dyestu /Pigment units with their intermediates to ensure cost competitiveness.
2. Scale: Huge economies of scale with plant size 5-10 times the size of its Vatwa Plants

Strengths of the company-

1. Over 50 years of experience, manufacturing since 1979
2. Consistent profits with PAT of Rs. 2.38 Cr in 2017-18
3. Operates in a niche market for Turquoise Blue. There are very few plants worldwide producing Turquoise Blue. Even fewer plants with their own intermediates. The company’s expansion plan is focussed on Turquoise Blue Dyestu/Pigments with Backward Integration Plants.
4. Good cost reduction plans on Energy and Pollution treatment. Only CNG is allowed in Vatwa while all fuels allowed in Saykha would result in a 50% reduction in energy costs. The company plans to leverage its huge land available resources and enable conversion of waste to reusable products thus reducing costs on pollution treatment.
5. Part of Sunrise Industry. The shifting of production of dyestuff/pigment from China to India has had a huge bearing on turnover and profits for the industry.

 

Object of the Issue:

The objects of the Issue are:

 

1. Setting up of Dyestuff, Pigment, Intermediate Manufacturing facility at Saykha
2. Prepayment of installments on land taken at Saykha, GIDC & repayment of Secured

Bridge Loan taken from Banks for acquiring land for the new project

3. General Corporate Purpose

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Dec-17	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	2,702.27	2,273.94	2,238.70	2,022.31	1,889.78	1315.76
Total Revenue	2742.60	2,962.10	2,511.31	2,970.96	3,541.98	2,414.66
Profit After Tax	245.00	137.78	37.97	28.36	222.00	51.01

 

Company Promoters:

The Company is promoted by Maunal Gandhi and Minku Gandhi. The promoters hold, in aggregate 27,02,854 Equity Shares representing 50.28% of the pre-issue paid up Capital of the Company.

 

Contact Company Information:

Ushanti Colour Chem Limited

88/6, 88/7, 88/8,
Phase – 1, GIDC,
Vatwa, Ahmedabad – 382445
Phone: 079-25833315
Email: admin@ushanti.com
Website: http://ushanti.com/

For Beeline Assistance:  Contact Here

 

 Supershakti Metaliks Limited IPO

Issue Analysis :

Issue opens	July 17, 2018
Issue Closes	July 20, 2018
Issue Price	Rs 375
Lot Size	300
Issue Size	60.01 Cr
Lead Manager	Aryaman Financial Services limited
Registrar	Bigshare Services Pvt. Ltd
Platform	BSE

Company’s Snapshot :

Incorporated in 2012, Kolkata based Supershakti Metaliks Limited is a company engaged in the business of providing diversified products of steel. The company forms part of Sai Group which has carved itself into a well-known group and established it’s goodwill in the iron and steel manufacturing industry. The company’s manufacturing plant is located in Durgapur.

The Company enjoys a wide product range with diverse applications across downstream sectors. It possesses multiple manufacturing processes within the Plant with the ability to address customer orders with shrinking turnaround time. The Company has the widest range of products enabling it to cater to a wide spectrum of applications across the industries and balancing it out from market volatilities.

The company has 376 employees on its payroll.

Object of the Issue:

The Issue comprises of a Fresh Issue and an Offer for Sale by the Promoters.
The Company will not receive any proceeds of the Offer for Sale by the Promoters and Promoter Group Selling
Shareholders.
The objectives of the fresh issue are:
(a) Working Capital Requirements;
(b) Funding expenditure for General Corporate Purposes

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	11,902.75	16,699.84	16,699.84	0.68	0.80
Total Revenue	36,008.73	30,102.41	24,566.87	—	—
Profit After Tax	1,238.08	57.84	71.85	(0.12)	(0.12)

 

Company Promoters:

The promoters of the company are:
1. Mr. Dilipp Agarwal (Individual Promoter)
2. Mr. Deepak Agarwal (Individual Promoter)
3. Veerbhadra Sales Private Limited (Corporate Promoter)
4. Khandelwal Finance Private Limited (Corporate Promoter)

The Promoters hold (in aggregate) 12,54,536 Equity Shares, representing up to 25.28% of the issued, subscribed and paid-up Equity Share capital of the Company.

Contact Company Information:

Supershakti Metaliks Limited
39, Shakespeare Sarani,
3rd Floor, Kolkata
West Bengal – 700017
Phone: +91 33 2289 2734/35
Fax: +91 33 2289 2736
Email: info@ssml.in
Website: http://www.supershaktimetaliks.com/

For Beeline Assistance:  Contact Here

 

 Ganesh Films India Limited IPO

Issue Analysis :

Issue opens	July 16, 2018
Issue Closes	July 18, 2018
Issue Price	Rs 80
Lot Size	1600
Issue Size	8.42 Cr
Lead Manager	Fedex Securities Limited
Registrar	Bigshare Services Pvt. Ltd
Platform	BSE

Company’s Snapshot :

Incorporated in 2018, Mumbai based Ganesh Films India Limited is a company engaged in the business of acquiring distribution rights of south Indian movies from production or co-production houses and thereafter distribute the same to the cinema halls spread across the Distribution Territory. Since incorporation, the Company has entered into agreements for the acquisition of distribution rights of many films (“Library”). The Company currently has a Library of over 696 south Indian films (including Tamil, Telugu, Malayalam and other regional language films) in which the Company has sole, irrevocable and non-exclusive distribution right (including linear & non-linear internet rights / IPTV rights / digital rights under copyright to license, sub-license, distribute, advertise, market and otherwise exploit any platforms or internet or digital based medium) to use the contents / titles for a perpetual term for all the territories in the world including India. It sources or acquires distribution rights of the film by entering into assignment / licensing arrangements with film producers. All such films sourced or acquired will be exploited and distributed by the company end-to-end through multiple formats of film distribution.

M/s. Ganesh Films, a proprietary concern was formed by Nambirajan Ganapathi Yadav (“Ganesh Films”), the Promoter of Ganesh Films India Limited (“the Company” or “GFIL”) in the year 1985 with a view to increasing the popularity of south Indian language movies in northern and western regions of India commonly known in the film industry as the North Indian territory (“Distribution Territory”). The business includes theatrical distribution of south Indian films (including Tamil, Telugu, Kannada, Malayalam and other regional films) in the Distribution Territory through the media platforms like internet, mobile phone and other platforms (“Digital Platforms”). The Promoters have vast experience in the theatrical distribution of approx. 450 south Indian films (including Tamil, Telugu, Kannada, Malayalam and other regional films) in the Distribution Territory. Some of the popular blockbuster films distributed by Ganesh Films, the proprietary concern of the Promoter, (before its acquisition by Ganesh Films India Limited) includes Sivaji, Dasavathaaram, Endhiran, Thevar Magan, Captain Prabhakaran, Thaana Serndha Kootam, Roja, Oomai Vizhigal etc.

In the year 1991, Ganesh Films initiated for the first time simultaneous release of Tamil movies in the Distribution Territory and in the south Indian territory with the famous Tamil language crime drama film ‘Thalapathi’ starring Rajnikanth, Mammootty, Amrish Puri and other famous film stars directed by Mani Ratnam.

The company has 5 permanent employees on its payroll.

Object of the Issue :

The Objects Of The Issue are-

1. Acquiring distribution rights of south Indian films (including Tamil, Telugu, Malayalam and other regional language films) for the territories of India- Rs. 595.00 lakhs
   2. General corporate purposes- Rs. 193.74 lakhs

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	20-May-18
Total Assets	321.15
Total Revenue	9.18
Profit After Tax	0.54

 

Company Promoters:

The Promoters of the Company are Nambirajan Ganapathi Yadav and Natrajan Ganapathy. The Promoters holds 17,04,610 Equity Shares, representing 87.20% of the subscribed and paid-up Equity Share capital of the Company.

Contact Company Information:

Ganesh Films India Limited
#503, 5th Floor, Plot 461D,
A Wing, Parshvanath Gardens, Bhaudaji Road
d, Kings Circle, Matunga, Mumbai-400019
Phone: +91 810 444 9343
Email: info@ganeshfilms.com
Website: http://www.ganeshfilms.com/

For Beeline Assistance:  Contact Here

 

 

Avon Moldplast Limited IPO

Issue Analysis :

Issue opens	July 12, 2018
Issue Closes	July 18, 2018
Issue Price	Rs 51
Lot Size	2000
Issue Size	4.51 Cr
Lead Manager	TURNAROUND CORPORATE ADVISORS PRIVATE LIMITED
Registrar	MAS SERVICES LIMITED
Platform	NSE

Company’s Snapshot :

Incorporated in 1996, Uttar Pradesh based Avon Moldplast Limited is a company engaged in manufacturing of quality plastic molded furniture under the brand name of “AVON”.

The Company’s Product Portfolio includes Molded Chairs, Molded Stools, Molded Tables, Molded Baby Chairs and Baby Desks. It has a fully functional manufacturing facility located Ghaziabad, Uttar Pradesh.

The products manufactured by the company are supplied to its distributor network spread PAN India, from where it is sold into the retail market. It has a long-standing and established network of more than 100 distributors, who further have well established retail network which roughly works out to 10,000 direct selling agents.

 

Object of the Issue :

The objects of the Issue are:

 

1. To acquire additional molds of chair, cupboard, table etc., at the existing manufacturing facilities of our Company
2. To meet the incremental working capital requirements
3. General Corporate Purpose

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs.)
	31-Jan-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	120,301,979	101,884,836	80,429,705	67,795,401	47,997,018	45,409,170
Total Revenue	189,244,030	138,506,251	99,979,236	80,397,967	61,757,249	60,746,589
Profit After Tax	6,932,735	996,751	555,158	365,599	489,218	27,157

 

Company Promoters:

The Promoters of the Company are:

1. Mr. Sushil Kumar Aggarwal;
2. Mrs. Anita Aggarwal; and
3. Mr. Sahil Aggarwal

 

Contact Company Information:

Avon Moldplast Limited

A-7/36-39, South of G. T. Road Industrial Area,

Electrosteel Casting Compound

Ghaziabad 201009,

Phone: +91-120-4376091

Email: cs@avonmpl.com

Website: http://www.avonmpl.com/

For Beeline Assistance:  Contact Here

 

Ambani Organics Limited IPO

Issue Analysis :

Issue opens	July 06, 2018
Issue Closes	July 10, 2018
Issue Price	Rs 66
Lot Size	2000
Issue Size	9.03 Cr
Lead Manager	Aryaman Financial Services limited
Registrar	Universal Capital Securities Pvt. Ltd
Platform	NSE

Company’s Snapshot :

Incorporated in 1985, Thane, Maharashtra based Ambani Organics Limited is a company engaged in the business of specialty chemicals. The company is a manufacturer, processor, importer, supplier, and exporter of water-based specialty chemicals used in Paper Industry, Paint Industry, Textile Industry, Carpet Industry, Adhesive Industry, etc. Ambani Organics is an “ISO 9001:2015 – Quality Management System” certified company and has also obtained GOTS (Global Organic Textiles Standards) certification for some of its textile industries chemicals.

The Company has 2 (two) manufacturing facilities in Thane located adjacent to each other. It also has a dedicated in-house Research & Development and Quality Assurance/Quality Control Team which undertakes rigorous testing and quality management. The R&D Centre is located at MIDC Tarapur, Boisar, Thane.

The company has 80 permanent employees on its payroll.

Object of the Issue :

The Issue comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder. The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholder.

The Objects of the Fresh Issue is to raise funds for:

1. Funding Long-Term Working Capital Requirement; and
   2. Funding expenditure for General Corporate Purposes

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	4,777.78	3,830.50	3,004.24	1,902.19	2,531.88
Total Revenue	6,558.15	5,289.85	3,291.40	3,765. 77	3,419.69
Profit After Tax	182.30	83.17	(38.89)	(243.99)	32.35

 

Company Promoters:

The promoters of the company are Rakesh Shah Apooni Shah.

Contact Company Information:

Ambani Organics Limited
N-44 MIDC,
Tarapur Boisar,
Thane- 401 506,
Phone: +91 – 22 – 2683 3778
Fax: +91 – 22 – 2683 3778
Email: info@ambaniorganics.com
Website: http://www.ambaniorganics.com/

For Beeline Assistance:  Contact Here

 

Raw Edge Industrial Solutions Ltd IPO

Issue Analysis :

Issue opens	July 05, 2018
Issue Closes	July 10, 2018
Issue Price	Rs 72
Lot Size	1600
Issue Size	16.50 Cr
Lead Manager	Guiness Corporate Advisors Pvt Ltd
Registrar	Bigshare Services Pvt. Ltd
Platform	BSE

Company’s Snapshot :

Incorporated in 2005, Mumbai based Raw Edge Industrial Solutions Limited is a company engaged in the business of providing industrial minerals to manufacturing industries at competitive prices. The company is delivering fully integrated solutions of Raw Material supplies to large and medium industrial houses. It is one of the leading Manufacturers and Suppliers of a quality range of Calcined Lime, Dolomitic Lime, Hydrated Lime, AAC Lime, Calcined Magnesite, Clinker, Quartz, Gypsum, Imported Coal, etc.

In February 2018, the company has entered into an agreement for sale for acquiring agriculture land of `50.21
Lakhs at Surat for setting up a manufacturing unit of crushed Quick Lime and Hydrated Lime with an installed capacity of 1,20,000 MT/per annum located. In addition to its existing capacity of 60,000 ton/per annum capacity plant which is to be shifted at the aforesaid new premises will be making the total installed capacity of 1,80,000 ton/per annum.

Though the customers of Raw Edge are spread over 10 states, the major supply of its products are concentrated in the state of Gujarat and Rajasthan (contributing 91.37 % of total turnover).

The company has 33 permanent employees on its payroll.

Object of the Issue :

 

The present Public Issue of 22,91,200 Equity Shares includes a Fresh Issue of 16,81,200 Equity shares and an offer for sale of 6,10,000 equity shares by the Selling Shareholder at an issue price of ` 72 per Equity Share.

The Company will not receive any proceeds from the Offer for Sale of 6,10,000 equity shares.

The objects of the Fresh Issue are:
1. Expansion by setting up Manufacturing Unit
2. Working Capital Margin
3. General Corporate Purpose
4. Meeting Public Issue Expenses.

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Jan-18	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	2,912.26	2,718.57	2,305.11	1,488.56	1,377.22	774.00
Total Revenue	4,498.74	4,860.73	4,133.55	3,826.82	3,349.57	6,662.21
Profit After Tax	133.40	61.63	58.05	44.71	70.41	81.50

 

Company Promoters:

The Promoters of the company are Bimal Rajkumar Bansal, Sourabh Bimal Bansal, and Siddharth Bimal Bansal.

Contact Company Information:

Raw Edge Industrial Solutions Ltd
Shop No. 47, Ground Floor,
Citi Mall, New Link Road
Andheri (W), Mumbai -400053
Phone: 91-72269 96805
Email: info@rawedge.in
Website: http://www.rawedge.in/

For Beeline Assistance:  Contact Here

 

Jakharia Fabric Limited IPO

Issue Analysis :

Issue opens	June 29, 2018
Issue Closes	July 3, 2018
Issue Price	Rs 180
Lot Size	800
Issue Size	19.66 Cr
Lead Manager	ARYAMAN FINANCIAL SERVICES LIMITED
Registrar	BIGSHARE SERVICES PVT. LTD
Platform	NSE

Company’s Snapshot :

Incorporated in 2007, Maharashtra based Jakharia Fabric Limited is a company engaged in the business of dyeing and processing of fabrics on job work basis for other textile

companies as well as for own manufacturing product lines. The Company procures Grey Fabric from the market and further dyes and finishes the same as per the client’s requirements on the basis of the quality of the fabric, sizing requirements etc. It also outsources certain processes like the weaving of the fabric and printing as per the demand of the customers based on the quality required. The Company manufactures and processes the fabric especially suitable for Shirtings.

Jakharia Fabric is in process of setting up an additional processing facility at Plot No. J1/1, MIDC Tarapur Industrial Area, Boisar, Palghar – 401 506. This facility is being set up through M/s Jakharia Industries, which is a Partnership Firm, wherein the Company is a partner. The Partnership firm intends to carry on the business of preparing spinning doubling texturing weaving, winding, knitting, scouring, sizing, bleaching, coloring, dying, printing and finishing and processing working or manufacturing in any way whatsoever of cotton, linen, wool synthetics and various other textile products.

The Company has set-up two (2) processing units located at MIDC Area of Saravali, Bhiwandi in Maharashtra and MIDC Area of Tarapur, Bhiwandi in Maharashtra. The plant has the facilities for dyeing and processing wide range of fabrics.

As of March 31, 2018, the company has 319 employees on its payroll.

Object of the Issue :

 

The objectives of the Issue are:

 

1. Part finance the setting up of processing unit through M/s. Jakharia Industries at Tarapur, MIDC.
2. Funding Expenditure for General Corporate Purposes

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	5,843.80	5,954.17	5,044.23	4,468.05	3,884.99
Total Revenue	7,702.84	7,723.49	8,917.25	7,582.72	4,787.43
Profit After Tax	338.82	446.17	432.86	356.66	80.94

 

Company Promoters:

The promoters of the company are Jignesh Shah, Nitin Shah, and Dixit Shah. Some of the Promoter Group entities, as mentioned below, have been undertaking business similar to the company and this may result in potential conflicts of interest with the Company in the future-

• M/s. Dixit Processors
• M/s. Jakharia Industries
• Jakharia Synthetics Private Limited

Contact Company Information:

Jakharia Fabric Limited

Office No. 1224, Deoji Nagar

Narpoli Village, Bhiwandi,

Thane- 421 302

Phone: +91-25- 2227 8892

Fax:

Email: info@jakhariafabric.com

Website: http://www.jakhariafabric.com/

For Beeline Assistance:  Contact Here

 

Ganga Forging Limited IPO

Issue Analysis :

Issue opens	June 29, 2018
Issue Closes	July 3, 2018
Issue Price	Rs 21
Lot Size	6000
Issue Size	5.00 Cr
Lead Manager	PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar	LINK INTIME INDIA PRIVATE LTD
Platform	NSE

Company’s Snapshot :

Incorporated in 1988, Gujarat based “Ganga Forging Limited is a company engaged in manufacturing of closed die forged products catering to both automotive and non-automotive segment. The automotive segment includes manufacturing of products catering to the commercial vehicle, passenger car, three wheeler, two wheeler, and tractor. The non-automotive segment includes electric power transmission, dairy equipment manufacturing, agricultural, gear and gearbox, crankshafts, connecting road, heavy engineering industries, hubs, and flanges. With a presence in most of the allied products in this industry, the Company caters to wide range of customers.

The existing manufacturing facility of the company is equipped with 4 Drop Hammers, 2 automatic power press, 2 manual power press, 4 furnaces in the forge shop. The manufacturing facilities are well equipped with required facilities including machinery, other handling equipment to facilitate the smooth manufacturing process.

The company has 68 permanent employees on its payroll.

Object of the Issue :

 

The Objects Of The Issue are-

 

1. To finance setting up of Closed Die Forging manufacturing facility; and
2. General corporate purposes.

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	1,514.46	1,345.33	1,202.73	1,708.34	858.33
Total Revenue	1,779.17	1,769.45	1,557.19	1,695.99	1,556.93
Profit After Tax	48.49	25.26	46.58	60.74	32.12

 

Company Promoters:

The Promoters of the Company are Mr. Hiralal Mahidas Tilva and Mr. Rakesh Chaganlal Patel. The Promoters hold 18,48,715 Equity Shares in aggregate, which is equivalent to 33.22% of the pre-Issue paid-up Equity Share capital of the Company.

Contact Company Information:

Ganga Forging Limited

 

Plot No 1 SNO 298 & 30

Rajkot Gondal N H, Veraval (Shapar)

Rajkot, Gujarat, 360 024

Phone: +912827-252208 /252077

Fax: +91 2827-252208

Email: info@gangaforging.com

Website: http://www.gangaforging.com/

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