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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