Forthcoming IPO_Advanced Enzyme Technologies Limited

Advanced Enzyme Technologies Ltd.
Issue Open Date 20-Jul-16
Issue Closing Date 22-Jul-16
Application Money 100
Allotment Money
Price Band (Rs.) 880 – 896
Minimum Bid Quantity. 16
Issue Size (Shares) 4602651
Market Lot 1
Objective :
Advanced-Enzyme-Technologies-238x178

1. Investment in Advanced Enzymes USA, our wholly owned subsidiary for repayment / pre-payment of certain loans availed by Advanced Enzymes USA; and2. General Corporate Purposes.

Business Description :

We are the largest Indian enzyme company, engaged in the research and development, manufacturing and marketing of 400+ proprietary products developed from 60 indigenous enzymes. Having more than two decades of fermentation experience in the production of enzymes, we rank among the top 15 global companies in terms of enzyme sales, and have the second highest market share domestically, next only to the world‘s largest enzyme company Novozymes. We operate in two primary business verticals namely Healthcare & Nutrition (human and animal) and Bio-Processing (food and non-food). By following critical industry trends, we focus on ensuring that our enzyme products are relevant, helping customers to meet the evolving market demands. We are a fully integrated enzyme manufacturing company driven by extensive focus on research and development (?R&D?) of various enzymes, enzyme blends, enzyme products and customized enzyme solutions. Our experienced and qualified R&D team strives to develop creative, cost-effective unique and innovative solutions, thereby enabling our customers to develop superior products and processes. We believe that our products assist our customers in making most of their resources, optimizing their processes, improving their product quality, saving their time and money while also mitigating the impact on the environment. We offer these products to our global clientele of more than 700 customers spanning presence across 50 countries worldwide. We supply these value-added and eco-safe enzyme products to diverse end-user industries like human healthcare and nutrition, animal nutrition, food processing, baking, dairy and cheese processing, fruit and vegetable processing, cereal extraction, brewing, grain processing, protein processing, oil and fat processing, biomass processing, textile processing, leather processing, paper & pulp processing, bio-fuels, bio-catalysis etc. Although we have the capability to manufacture enzymes using all the four natural origins viz. plant, animal, bacterial and fungal, our major focus is on developing enzymes through microbialfermentation. Our Promoters Mr. Chandrakant Laxminarayan Rathi and Mr. Vasant Laxminarayan Rathi have a cumulative experience of more than seven decades in the global enzyme industry and have contributed widely in our Company‘s success and growth. Under their leadership and guidance, we have been successful in creating a strong footing in the existing markets as well as expanding our presence in new and unexplored markets. Our Promoters‘ knowledge and understanding of the industry has led us to win several awards and recognitions. We were recipients of the ?Fastest Growing mid-sized companies‘‘ award organized by Inc. India in the year 2012 and 2013. In 2014, our Company was awarded the Bio-excellence award for =Best Industrial Biotech Company‘ by the department of Information Technology, Biotechnology and Science & Technology, Government of Karnataka. We were also awarded the =Most Innovative Exporter‘ award organized by Dun and Bradstreet in the year 2012, =Bio-Excellence‘ award instituted by the Department of Information Technology, Biotechnology and Science and Technology, Government of Karnataka in the Industrial Biotech Sector in the year 2010, and the =Emerging India Awards 2010‘ for Life science-Pharmaceuticals and Chemicals segment organized by ICICI Bank – Business Banking and CNBC TV18. Further, we have been recognized as a ?Star Export House? by Director General of Foreign Trade.

Lead Managers :

Axis Capital Ltd.
ICICI Securities Ltd

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Forthcoming IPO_L&T Infotech Limited

Larsen & Toubro Infotech Ltd.

Issue Open Date 11-Jul-16 Price Band (Rs.) 705 – 710
Issue Closing Date 13-Jul-16 Minimum Bid Quantity. 20
Application Money 100 Issue Size (Shares) 17500000
Allotment Money Market Lot 1

Objective :
The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and to carry out the sale of up to 17,500,000 Equity Shares by the Selling Shareholder. The listing of the Equity Shares will enhance our brand name and provide liquidity to the existing shareholders.

Business Description :

We are one of India’s global IT services and solutions companies. In 2014, NASSCOM ranked us as the sixth largest Indian IT services company in terms of export revenues. Our clients comprise some of the world’s largest and well-known organisations, including 41 of the Fortune Global 500 companies. We offer an extensive range of IT services to our clients in diverse industries such as banking and financial services, insurance, energy and process, consumer packaged goods, retail and pharmaceuticals, media and entertainment, hi-tech and consumer electronics and automotive and aerospace. Our range of services include application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions and platform-based solutions. We serve our clients across these industries, leveraging our domain expertise, diverse technological capabilities, wide geographical reach, an efficient global delivery model, thought partnership and “new age” digital offerings. We were incorporated in 1996 and are headquartered in Mumbai, India. We leverage the strengths and heritage of our Promoter, Larsen & Toubro Limited, a leading Indian conglomerate in engineering, construction ,manufacturing, finance and technology. The L&T group provides us with access to professionals with deep industry knowledge in the sectors in which we do business. We have also inherited from the L&T group it’s corporate and business culture and corporate governance practices, which in our view places us in good stead in relation to our business. In addition, we benefit from our “Business-to-IT Connect” model, which we derive from the commonality of business verticals with our Promoter. Our growth has been marked by significant expansion of business verticals and geographies in which we do business. Besides India, we provide services globally and the percentage of our revenue from continuing operations from North America, Europe, Asia Pacific and the rest of the world amounted to to 68.6%, 17.9%,2.4% and 6.9%, respectively. As of June 30, 2015, we had 22 Delivery Centers and 42 sales offices globally .As part of a business restructuring exercise conducted by our Promoter, all engineering services businesses of our Promoter have been consolidated under a separate subsidiary of our Promoter, LTTSL. As part of this restructuring, on January 1, 2014, we sold and transferred the assets and liabilities of our PES Business to LTTSL. Our PES Business was responsible for the operations of our telecom cluster, providing IT services and solutions to our clients in the telecommunication sector.

Lead Managers :

Barclays Bank PLC
Citigroup Global Markets India Pvt Ltd.
ICICI Securities Ltd
Kotak Mahindra Capital Co Ltd

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Forthcoming IPO_Parag Milk Foods Ltd

Parag Milk Foods Ltd
Issue Open Date 04-May-16
Issue Closing Date 06-May-16
Application Money  
Allotment Money  
 
Price Band (Rs.) Rs.220-Rs.227
Minimum Bid Quantity. 65
Issue Size (Shares) 19,850,000 Equity Shares
Market Lot 65

Objectives :

1. To meet the capital expenditure requirements for expansion and modernisation of existing manufacturing facilities at Manchar and Palamaner;
2. Investment in Subsidiary for financing the capital expenditure requirements in relation to the expansion and modernisation of the Bhagyalaxmi Dairy Farm;
3. Partial repayment of the Working Capital Consortium Loan; and
4. General corporate purposes.

Business Description :

Incorporated in 1992, Parag Milk Foods Ltd is Pune based dairy-based branded food producer. Company is involve in collection, distribution of milk and producing dairy-based branded consumer products including cheese, ghee, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages. All products of the company are made from cow milk.

Company’s manufacturing facilities are located at Manchar in the Pune district of Maharashtra and Palamaner in the Chittoor district of Andhra Pradesh. Company’s supply chain network includes procurement from 29 districts across Maharashtra, Andhra Pradesh, Karnataka and Tamil Nadu, through over 3,400 village level milk collection centres. Parag Milk Foods Brand and product lineup under them:

1. Gowardhan
Gowardhan brand is targeted at house-hold consumption and to be used as cooking ingredients. The products under this brand includes fresh milk, curd products (curd, trim curd and buttermilk), ghee, paneer, butter, milk powders, whey proteins, gulab jamun mix and shrikhand.

2. Go
Targeted at children and the youth generation, primarily for direct consumption. The products under this brand includes cheese products, UHT milk (go milk, go slim milk and go supremo milk), fresh milk: go kidz, fruit yoghurts in six flavours, fresh cream and beverages (lassi and buttermilk in two flavours).

3. Pride of Cows
Farm-to-home concept of milk, directly delivered from the farm to a consumer’s door-step, through a subscription model. Targeted at household consumers seeking premium quality cow’s milk. The product include under this brand is cow milk.

4. Topp Up
Targeted at the youth generation and travellers as a source of instant nourishment. The products under this brand includes flavoured milk in six flavours.

Competitive Strengths:

1. Well Established Brands Targeting a Range of Consumer Groups
2. Integrated Business Model
3. Diversified Product Portfolio and Customer Base
4. Growing Pan-India Distribution Network
5. Established Track Record of Growth and Financial Performance
6. Experienced Senior Management

Parag Milk IPO Lead Manager(s)