Category: IPO

Upcoming SME IPO_ Nakoda Group of Industries Limited

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 Nakoda Group of Industries Limited

IPO Issue Analysis :

Issue opens May 23, 2018
Issue Closes May 29, 2018
Issue Price 35
Lot Size 4000
Issue Size 6.48 Cr
Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar Bigshare Services Pvt. Ltd
Platform BSE

Company’s Snapshot :

Incorporated in the year 2013, Nagpur, Maharastra based Nakoda Group of Industries Limited is engaged in manufacturing of tutti fruity (Diced Chelory) also called as ―Papaya Preserve and canned fruit cubes which comes under the category of bakery products. The company is also engaged in the processing of almonds and trading of sesame seeds, clove, cut peel murabba, karonda, daalchini and toor daal.

As on March 2017, the company’s revenue from almond processing consists of 45.93%, manufacturing of tutti fruity consists of 23.92% and from trading consist of 30.14%. Out of the total revenue generated from manufacturing of Tutti Fruity i.e. 553.58 lakhs, 61.36% is generated from Exporting to London, Malaysia, Dubai, Saudi Arab and 38.64% is from the domestic sale.

On 18 July 2016, Nakoda Group of Industries Limited took over the running business of M/s. Navkar Processors the sole proprietorship concern of the promoter Pravin Choudhary and subsequently the business of this proprietorship concern was merged into the Company. The manufacturing units of the company is located in Nagpur.

The company has 16 employees at the Registered Office and Manufacturing Unit.

Object of the Issue :

The objects of the issue are-

  1. Purchase of Plant and Machinery
    2. Working Capital Requirement
    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
Total Assets 3,415.44 2,784.96 57.95 1.60 1.70
Total Revenue 4,394.75 2,378.62 — — —
Profit After Tax 99.48 48.24 — (0.12) —

Company Promoters:

The promoters of the Company are Pravin Chaudary and Jayesh Chaudary. They hold, in aggregate 42,99,500 Equity Shares representing 85.99% of the pre-issue paid up Capital of the Company.

Contact Company Information:

Nakoda Group of Industries Limited
239,
Bagad Ganj,
Nagpur 440008
Phone: +91 0712 2778824
Fax:
Email: info@nakodas.com
Website: http://www.nakodas.com

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Upcoming SME IPO_ Shree Vasu Logistics Limited IPO

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Shree Vasu Logistics Limited IPO

Issue Analysis :

Issue opens May 23, 2018
Issue Closes May 25, 2018
Issue Price 45
Lot Size 3000
Issue Size 9.29 Cr
Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar Bigshare Services Pvt. Ltd
Platform NSE

Company’s Snapshot :

Incorporated in 2007, Chattisgarh based Shree Vasu Logistics Limited is a company engaged in providing various logistic services such as acting as Carrying and Forwarding Agent, Warehousing and Inventory Management and Distribution Management through Secondary Transportation.

Shree Vasu has positioned itself as a third party Logistics Services Provider (LSP). It operates the business mainly through carrying and forwarding agent model in the domestic market. At present, it is serving diverse industries like FMCG, Automotives, food, Electronics, Industrial Equipments and Electricals, Lifestyle Products etc.

The company has 366 employees on its payroll.

Object of the Issue :

The Objects of the Issue are-

  1. Funding the working capital requirements of the Company
    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 2729.54 2549.22 2335.31 1932.10 1746.98
Total Revenue 2769.19 2302.46 2178.03 1806.21 1642.76
Profit After Tax 78.69 75.62 66.18 52.66 39.72

 

Company Promoters:

The promoters of the Company are Atul Garg and Shree Bhushan Garg. They hold, in aggregate, 50,04,000 Equity Shares representing 89.68% of the pre-issue paid up Capital of the Company.

Contact Company Information:

Shree Vasu Logistics Limited
Logistics Park
Opp. Jaika Automobiles
Ring Road No. 1 Raipur 492001
Phone: 0771-6614848
Fax:
Email: cs@logisticpark.biz
Website: http://www.shreevasulogistics.com

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Upcoming SME IPO_ Latteys Industries Limited IPO

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Latteys Industries Limited IPO

Issue Analysis : 

Issue opens May 23, 2018
Issue Closes May 28, 2018
Issue Price 66
Lot Size 2000
Issue Size 8.06 Cr
Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar Link Intime India Private Ltd
Platform NSE

Company’s Snapshot :

Incorporated in 2013, Gujarat based Latteys Industries Limited is a company engaged in the business of manufacturing of pumping solutions for homes, agriculture & industrial sectors. Pumps include Submersible, Self-Priming, Centrifugal, Shallow and Horizontal Pumps. The Company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by Domestic and Industrial sectors.

Latteys Industries started manufacturing in the year 2004 in Chatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in the year 2011. The Company currently has an installed production capacity of 1,59,500 pumps p.a. It has 76 employees at its manufacturing facility and registered office.

Object of the Issue :

The Objects of the Issue are-

  1. Funding the working capital requirements of the Company
  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
Total Assets 2611.95 2014.35 1466.07 1255.35
Total Revenue 3577.44 2605.11 2153.37 1855.66
Profit After Tax 55.62 31.09 13.98 14.09

Company Promoters:

The promoters of the Company are Kapoor Chand Garg and Pawan Garg. The promoter holds, in aggregate 31,03,760 Equity Shares representing 91.89 % of the pre-issue paid up Capital of the Company.

Contact Company Information:

Latteys Industries Limited
Plot No. 16
Phase- 1/2, GIDC Estate
Naroda Ahmadabad Gujarat 382330
Phone: 079-22823354
Fax:
Email: info@latteysindustries.com
Website: http://www.latteysindustries.com

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Upcoming SME IPO_ Suumaya Lifestyle Limited IPO

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Suumaya Lifestyle Limited IPO

 

Issue Analysis :

Issue opens May 22, 2018
Issue Closes May 25, 2018
Issue Price 18
Lot Size 8000
Issue Size 3.40 Cr
Lead Manager Gretex Corporate Services Pvt Ltd
Registrar Bigshare Services Pvt. Ltd
Platform NSE

Company’s Snapshot :

Incorporated in the year 2011, Suumaya Lifestyle Limited is a company engaged in the manufacturing of designer wear of women like Kurtis, ethnic tops, salwar suits etc.

The company has its own design and production house with expertise and dedicated team. It markets products under the brand name “ekka”, “ira” and “tag 9”. Suumaya serves its customers through retail as well as wholesale. The company has 18 employees on its payroll.

Object of the Issue :

The Offer consists of a fresh issue of 18,88,000 Equity Shares and an offer for sale of up to 58,00,000 Equity Shares of the Company aggregating to `1383.84 Lakh by the Selling Shareholder. The Company will not receive any proceeds from the Offer for Sale. The Selling Shareholder will be entitled to the proceeds of the Offer for Sale of their respective portions of the Offered Shares, respectively net of their proportion of Offer related expenses.

The Objects of the Fresh Issue is funding working capital requirements.

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 3,319.14 2,716.2 3,107.12 2,201.07 1,155.37
Total Revenue 21,205.77 9,053.11 3,715.78 1,547.08 0.65
Profit After Tax 44.91 31.77 4.98 11.87 (1.41)

 

Company Promoters :

The promoters of the Company are Ms. Ishita Mahesh Gala and Indiacredit Risk Management LLP. Indiacredit Risk Management LLP is engaged in activities auxiliary to financial intermediation. The designated Partners of Indiacredit Risk Management LLP are-

  1. Amisha Sanjay Shah
  2. Ushik Mahesh Gala

 

Contact Company Information :

Suumaya Lifestyle Limited
Gala No.5F/D, Malad Industrial Units
Coop Soc Ltd, Kachpada, Ramchandra Lane Extension
Malad (W), Mumbai – 400 064
Phone: 022-49712096
Email: info@suumayalifestyle.com
Website: http://www.suumayalifestyle.com/

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Ongoing SME IPO_ Inflame Appliances Limited

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SME IPO_INFLAME APPLIANCES LIMITED

Issue Details

Issue opens 6th March 2018
Issue Closes 8th March 2018
Issue Price 54
Lot Size 2000
Issue Size 6.48 Cr
Lead Manager Swastika Investmart Limited
Registrar Skyline Financial Services Private Limited
Platform BSE

Promoters of the Company

  1. Mr. Aditya Kaushik ( Chairman & Managing Director)
  2. Mr. Dinesh Kaushik ( Whole Time Director)
  3. Mr. Amit Kaushik ( CEO & Chief Financial Officer)

Overview of Business

Company is engaged in manufacturing of LPG Gas Stove/cooktops and Sheet Metal Components. Inflame Appliances Limited is an IS 4246:2002 certified company and engaged in manufacturing of LPG Gas Stove/ Cooktops in various range like Gas Stove in Sheet Metal, Gas Stove with Toughed Glass (Optional Auto Ignition) with range of 4 Burners/ 3 Burners/ 2 Burners and Sheet Metal Components for captive consumption in the state of Himachal Pradesh.

The company has also been part of PRIME MINISTER UJJWALA YOJANA (PMUY) launched by the Central Govt. of India for providing 5 Crore new gas connection to the people below poverty line in the country. This PMUY has created a huge demand for LPG gas stoves which helped the company to achieve higher growth.

Object of the Issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Capital Expenditure for Business Expansion 300.00
2 Working Capital 250.00
3 General Corporate Expenses 28.00
4 Issue Expenses 70.00
Total 648.00

Financial Performance

Particulars Jan-18 2016-17 2015-16
Total Revenue 2542.44 1806.13 391.56
PBT 104.79 61.19 8.4
Total Assets 1069.32 576.31 170.01

Financial Indicators

EPS : 3.43 ( for period ended Jan 20, 2018)

P/E : 27.43 ( Restated 2016-17)

RoNW : 25.22% ( for period ended Jan 20, 2018)

NAV/share : 13.59

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Upcoming SME IPO_ Solex Energy limited

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SOLEX ENERGY LIMITED

Issue Analysis

Issue opens 22nd January 2018
Issue Closes 25th January 2018
Issue Price 52
Lot Size 2000
Issue Size 7.18 Crore
Lead Manager Swastika Investmart
Registrar Skyline Financial Services Private Limited
Platform NSE

Company’s Snapshot

Company is engaged providing renewable energy solutions, specialized in the manufacturing of Solar photovoltaic module, solar home light, solar street light, solar lantern, solar power plant, solar invertors, solar water heating systems and wood fired water heater etc. They manufacture the offered products using optimum grade components and advanced technology in compliance with the set norms of the industry. They also provide the offered appliances in numerous specifications and customization in accordance with the demands of our customers. Company’s manufacturing facilities is situated in Anand, Gujarat.

Solex Energy Limited is an ISO 14001:2015 Certification, ISO 9001:2015 Certification, OHSAS 18001:2007 and CE MARK CERTIFIED offering systems of high quality and reliability. Solex modules are TUV certified & tested by the UL India Pvt. Ltd and comply in accordance with the standards.

Object of the Issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
2 Working Capital 575.00
3 General Corporate Expenses 97.60
4 Issue Expenses 45.00
Total 717.60

Financial Highlights

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15
Total Revenue 3449.6 4662.14 637.46
PBT 138.08 57.42 13.74
Total Assets 2495.58 1478.3 858.52

Financial Indicaters

EPS : 3.46 ( for 2016-17)

P/E : 15.04 ( for 2016-17)

RoNW : 25.29%

NAV/share : 13.67

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Ongoing SME IPO_SMVD Ploy Pack Limited

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SMVD PLOY PACK LIMITED

ISSUE Details

Issue opens 13th December 2017
Issue Closes 15th December 2017
Issue Price 55
Lot Size 2000
Issue Size 9.02 Cr
Lead Manager Corporate Capital Venture Pvt. Ltd
Registrar Skyline Financial Services Private Limited
Platform NSE

Company Promoters

  1. Mr. Pramod Kumar Agarwal
  2.  Ms. Sangita Agarwal
  3.  Aashakiran Commodeal Private Limited

Overview about the company

Company is engaged in the business of manufacturing of PP (Polypropylene)/HDPE (High Density Polyethylene) woven sacks bags & Sacks, Leno Bags, Jumbo (Flexible Intermediate Bulk Container) FIBC Bags & HDPE Tarpaulin. The Company started its Operations with initial capacity of 1200 MT per annum and at present has the installed capacity of 4420 MT per annum.  The manufacturing unit of Company is constructed on well developed land having area of about 73843.2 Sq. Ft. and equipped with the latest technology. With the help of advanced infrastructure, experienced & well trained professional personnel, quality control & labs supports,  policy and commitment to produce the best quality products, they have been able to establish themselves as one of the leading manufacturer of PP/HDPE Woven Sack Bags, FIBC and HDPE Tarpaulin.

Object of the ISSUE

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Capital Expenditure for Business Expansion 651.30
2 Working Capital 95.50
3 General Corporate Expenses 100.00
4 Issue Expenses 55.20
Total 902.00

Financial Performance

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 3612.54 2982.4 2938.72 2380.44 625.53
PBT 170.82 30.58 38.03 10.76 4.07
Total Assets 2143.46 2243.48 2413.3 2609.22 2815.45

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Upcoming SME IPO_ Ice Make Refrigeration Limited

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SME IPO_ ICE MAKE REFRIGERATION LIMITED

Issue Details

Issue opens 28th November 2017
Issue Closes 4th December 2017
Issue Price 55-57
Lot Size 2000
Issue Size 23.71 Crore
Lead Manager Vivro Financial Services Private limited
Registrar Link Intime India Private Limited
Platform NSE

Promoter & Promoter Group

  1. Mr. Chandrakant P. Patel
  2. Mr. Rajendra P. Patel
  3. Mr. Vipul I. Patel

Business Description

The company is a  refrigeration equipment manufacturer, engaged in providing cooling solutions. They  provide cooling solutions for cooling systems and accessories used in industries such as dairy, ice-cream, food processing, agriculture, pharmaceuticals, cold chains, logistics, hospital, hospitality and retail, among others. They classify the business into the following 4 verticals: (i) Cold Room (ii) Commercial Refrigeration (iii) Industrial Refrigeration and (iv) Transport Refrigeration. They operate their business verticals under the brand of “Ice Make”.

Object of the ISSUE

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Capital Expenditure 1456.68
2 Working Capital Requirements 500.00
3 Enhancement of Brand 150.00
4 Investment in Subsidiary 110.13
5 General Corporate Purpose 154.39
Total 2371.20

Overview of Financials

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 8788.28 7182.07 5061.82 3925.93 4048.26
Total Asset 5487.87 3867.39 3340.2 2835.57 2094.29
 Net Profits 510.89 264.34 93.41 89.05 82.96

Financial Ratios

EPS: 7.10

P/E Ratio : 8 times

RONW : 32.98%

NAV : 21.53

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Upcoming SME IPO_Zodiac Energy Limited

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SME IPO_ZODIAC ENERGY LIMITED

 

Issue Details

Issue opens 23rd November 2017
Issue Closes 27th November 2017
Issue Price 52
Lot Size 2000
Issue Size 10.14 Crore
Lead Manager Swastika Investmart ltd
Registrar Link Intime India Private Limited
Market Makers Beeline broking Ltd
Platform NSE

Promoter & Promoter Group

1. Mr. Kunjbihari Shah ( He is having more than 25 years of experience in field of energy with specialization in captive and co-generation power plants)

2. Mr. Jugalkishor Shah ( He has joined our Company as Non-Executive Promoter Director and will continue to guide the company by his valuable experience.)

Business Description

It is a  Energy Solution Provider company having experience of more than two decades in majority of verticals of power generations spectrum. Their spectrum of services are including Design, supply, installation, Testing and Commissioning (EPC) and Operation and Maintenance (O&M) in short we provide turnkey solutions from concept to commissioning of power plants.

Our company has installed solar power plants for many prominent clients like Sun-Edison India Limited, Adani Group, Torrent Power Limited, Gujarat Energy development Agency, Reserve Bank of India, Directorate of Lighthouse and Lightships Government of India (GoI), Indian Oil Corporation Limited to name a few. The company has installed more than 6,000 KW of Rooftop solar power plants till now and it envisages to reach at 10,000 KW by end of 2017-18.

Companies Competitive Strength

  1. Timely Completion of Projects
  2.  Experienced Management and promoters
  3. Long term relationship with clients

Object of the Issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Working Capital Requirements 795.00
2 General Corporate Purpose 169.00
3 Issue Expenses 50.00
Total 1014.00

Overview of Financials

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 1669.83 918.57 867.36 951.44 885.03
Total Asset 786.57 573.69 668.49 726.85 333.59
 Net Profits 23.81 10.95 4.58 11.08 9.40

Financial Indicators 

EPS: 0.67

P/E Ratio : 77 times

RONW : 15.62

NAV post Issue : 4.27

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Forthcoming SME IPO_VERTOZ ADVERTISING LIMITED

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SME IPO: VERTOZ ADVERTISING LIMITED

Issue Opens 14-Nov-17
Issue Closes 16-Nov-17
Issue Price 108/-
Lot Size 1200
Issue Size 17.11 cr
Lead Manager Guiness Corporate Advisors Private Limited
Registrar Bigshare Services Pvt Ltd
Platform NSE Emerge

Registered Office:

602, Avior, Nirmal Galaxy L.B.S. Marg, opp. Johnson & Johnson, Mulund (west) Mumbai- 400080

Promoters of the Company:

  • HIRENKUMAR SHAH
  • ASHISH SHAH

Profile of the Company :

We are a programmatic advertising Company that offers engaging and innovative advertising and monetization solutions which replaces the traditional methods of media buying and selling of advertisement. Our Company’s proprietary technology, advanced capabilities and programmatic platform is a highly scalable software platform that powers and optimizes the marketplace for the real-time trading of digital advertising inventory between advertisers and publishers. We call our platform as a “Ingenious Plex – The Complete Advertising and Monetization Suite”.

Our Ingenious Plex incorporates proprietary algorithms, sophisticated big-data storage and processing systems, detailed real-time analytics capability and a geographically distributed infrastructure. We analyze hundreds of data points in real time and execute over 10,00,000 (10 Lakh /1 Million) queries per second.

Object of the ISSUE :

1. Funding of working capital requirements of the Company.
2. Funding of working capital requirements of our Subsidiaries Vertoz Inc. and Vertoz Limited.
3. General Corporate Expenses
4. Issue Expenses

Financials:

(Consolidated)

16-17 15-16
total Assets 1,637.80 494.9
tottal reveue 2,048.38 1,195.65
PAT 306.29 36.15
DEBT 406.34 30.66

EPS:

Standalone: 558.18

Consolidated: 1081.21

P/E@ Standalone basis : 0.19

Consolidated : 0.07

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