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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Morning Business News Round Up_ Sep 21, 2018

  •  Government appoints 14 executive directors in banks
  •  SBI hopes to resolve 7-8 stressed assets by Nov 11
  •  Emirates, Etihad airlines deny report they may merge
  •  Infosys launches next-gen learning solution Wingspan
  •  Tata Steel celebrates its 100 years in the Netherlands
  •  BRICS bank approves $525-mn for infra projects in MP
  •  India’s economy to double in size to $5 tn by 2022:PM Modi
  •  Sebi norms for corporate bonds could boost issuances by Rs 500 bn: Crisil
  •  Image result for TVS Logistics ServicesTVS Logistics Services buys 51% stake in Chola’s WDSI for Rs 422 mn
  •  India to settle payments for Iranian oil using rupees starting November
  •  Sebi announces changes to the composition of credit rating agencies
  • Govt hikes interest rate on small savings by up to 0.4%
  •  NITI Aayog to make recommendations on proposed agriculture
  •  USGC asks India to allow ethanol imports to lower crude oil
  •  Chennai Petroleum cancels Iran oil imports
  •  SBI gets tough with ArcelorMittal over Uttam Galva dues
  •  E-commerce cos to deduct 1 pc TCS under GST from Oct 1
  •  ‘SBI not the right candidate to take over more banks’
  •  PowerGrid gets shareholders’ nod to raise up to ₹20,000 crore via bonds in FY20
  •  Petroleum products may not be brought under GST soon
  •  India considers raising steel import duty to support rupee
  •  Airtel, Reliance Jio, Sterlite Tech among bidders for Aircel assets
  •  Preventive vigilance better governance tool for public institutions, says RBI Governor Urjit Patel
  •  NCLAT wrongly allowed ArcelorMittal to pay dues after bidding for Essar Steel, NuMetal tells SC
  •  Steel import duty hike may widen CAD, hit engineering exports: EEPC India
  •  India Post invites proposal for consultancy on setting up insurance arm
  •  Asian firms’ confidence sinks to near 3-year low: Poll
  •  Fitch revises Tata Motors outlook to negative
  •  Global meet on sustainable trade and standards
  •  ITC Hotels acquires Park Hyatt Goa Resort
  •  SEBI passes on economies of scale of increasing asset size to investors

Morning Business News Round Up_ Sep 19, 2018

  •  China sets retaliatory tariffs on $60bn in US goods
  •  Prove charges against ArcelorMittal: SC to Numetal
  •  Govt may decide on 4G spectrum allocation by dec
  •  Daiichi intervenes in HDFC’s insolvency case
  •  Image result for reliance capitalReliance Capital to exit all non-financial business
  •  No settlement plea from ICICI Bank: Sebi
  •  LIC yet to seek open offer exemption for IDBI takeover: Sebi
  •  Sebi pares IPO listing time to 3 days from 6, clears UPI as payment option
  •  Cabinet to mull Rs 45-bn package for cash-starved sugar industry on Wed
  •  Huge debt in corporate balance sheets reason for stunted job growth: Birla
  •  Investment, not subsidies, will make farming self-sufficient: FM Jaitley
  •  Govt sees rupee at 72-73 against dollar as ‘fair value’: FinMin source
  •  PNB shareholders approve ESPS scheme; Rs 28 bn capital infusion by govt
  •  India delays retaliatory tariffs on US goods till Nov 2
  •  Lowering inflation is a major structural reform in India: IMF official
  •  SEBI shelves plan to extend equity trading hours
  •  HPCL on expansion drive with ₹60,000-cr capex
  •  5 firms interested in steel business of Usha Martin
  •  Govt plans hike in gold import duty to check rising CAD
  •  Sebi cuts mutual fund expenses, reduces listing time
  •  Sebi approves KYC norms for FPIs, new settlement mechanism
  •  Rupee closes at all-time low of 72.97 a dollar
  •  RCom to exit telecom fully to focus on realty: Anil Ambani
  •  Nestle, Unilever, Coke make bids in $4 billion-plus GSK India sale: report
  •  Tesla facing US criminal probe over Elon Musk statements
  •  Sebi mulls reaching govt for powers to intercept calls, messages of economic offenders
  •  Insurance companies to pay 12% interest to farmers in case of delay in settlement claims
  •  Crisis-ridden IL&FS under regulatory scanner for alleged corporate governance, disclosure lapses
  •  Low procurement: Early kharif crop prices below support price levels
  •  CCI imposes Rs 38cr penalty on 18 sugar mills, 2 industry bodies
  •  NSE files consent application in co-location case
  •  Trai consultation paper on fiberisation soon
  •  PFC files insolvency plea against ex-Indiabulls
  •  Petrol, diesel rates scale new highs after a day’s break

Morning Business News Round Up_ Sep 17, 2018

  •  Sebi to seek powers to intercept phone calls & msgs
  •  Govt may auction power contracts with coal supplies
  •  NCLT/NCLAT should refrain from insolvency matters: SC
  •  Indian PSUs scouting for oilfields in Russia: Pradhan
  •  IL&FS puts corporate headquarters on the block
  •  Dairy action plan requires Rs 51,077 cr, says minister
  •  Fear of telecom cartelisation ‘unfounded’: COAI
  •  Image result for E-commerceE-commerce players to pay up to 2% TDS from October
  •  Managerial positions remuneration fixation freed from govt approval
  •  New standing committee of secretaries on e-commerce starts deliberations
  •  Hindustan Power looking to acquire stressed thermal power plants
  •  NCLAT order slipped up on clearance of dues, says ArcelorMittal
  • EIL to bid to buy out govt stake in PDIL
  •  Centre provides ₹ 440 cr to NDDB
  •  Zydus Cadila gets USFDA nod to market osteoporosis drug
  •  Pawan Hans stake sale: Govt extends deadline for initial bids
  •  Voltas forays into home appliances segment
  •  SEBI may consider proposal to allow foreign entities in commodity markets
  •  Trai decides to reduce scope of regulation for WhatsApp, Skype
  •  PE investments in August at lowest in 6 months, buyouts on rise: report
  •  Producers plan legal battle after GST rate for solar power projects fixed at 18%
  •  Diageo looks at small towns to grow premium scotch portfolio
  •  Railways eyes ₹15,000 crore in 10 years from non-fare revenue
  •  SC observation: ‘NCLT must not step in at every stage
  •  PNB branch issued unauthorised LoUs worth Rs 6,498 cr to three Nirav Modi firms, finds SFIO
  •  Atlas Copco India to focus on industrial business
  •  Four states show interest in buying power sans PPAs
  •  Ben Bernanke admits Fed made mistakes combating financial crisis 10 years ago
  •  Bank credit rose by 13.49%; deposits by 8.9%
  •  CIL may shut 53 mines on safety grounds
  •  Jivi Mobiles to make smartphones, to invest Rs 100 cr on facility
  •  Sebi seeks power to intercept calls of economic offenders
  •  111 more brokers under Sebi lens for role in NSEL scam

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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Today’s M & A Deals_Sep 14, 2018

M & A Deals :

 

  • Tata Communications looks to expand private cloud services portfolio
  • Online microlending platform Upwards bags $5 mn in Series A investment
  • Edelweiss raising second fund to bet on IPO-bound companies
  • New mid-market PE fund in talks with Coverfox for maiden deal
  • State-run warship maker Garden Reach ups IPO size
  • India’s retail inflation eases to 3.69% in Aug; industrial output up 6.6% in July
  • Jain Irrigation to acquire US-based farm technology firm ETwater
  • Mumbai Angels Network backs Pune-based fruit snack brand Frubites
  • Sensex back in the green as rupee stages recovery
  • NIIF eyes IDFC Infrastructure Finance; PNB Housing gets seven suitors

Today’s M & A Deals_Sep 12, 2018

M & A Deals :

  • Exclusive: Rakesh Jhunjhunwala-backed Metro Shoes picks merchant bankers for IPO.
  • CLP India to buy 49% stake each in two Suzlon solar projects.
  • Sensex slides more than 2% in two days; rupee at new low vs dollar.
  • Unlisted public firms will soon have to issue new shares in demat form.
  • Greenko’s $300-mn deal to buy AT Capital-backed Orange Renewable falls through.
  • Emso, Eight Capital eye stressed assets; Apollo Global buys JP Morgan realty platform.
  • Sales force turns to SMEs in smaller cities to boost growth in India.
  • Alipay gains voting-rights edge in Zomato matters.

Morning Business News Round Up_ Sep 12, 2018

  •  RBI nominee should not be on PSU boards: Rajan
  •  Choksi diverted over Rs 3,250-cr to foreign shores: ED
  •  RBI gave a list of big fraud cases to PMO: Rajan
  •  US to probe M&M over Fiat Chrysler Jeep complaint
  •  Image result for ibbiIBBI working on group insolvency norms: MS Sahoo
  •  Doubling limit for DRT may expedite loan recovery
  •  National Fund set to buy IDFC infra debt fund
  •  Regulatory policies pose top risk to India Inc: Study
  •  Power NPAs: SC transfers all pleas challenging RBI notification to itself
  •  Suzlon to offload 49% stake in two solar projects in Maharashtra to CLP
  •  Reliance Capital posts Rs 2.72 bn profit in Q1, total income at Rs 46.41 bn
  •  I-T dept sells more shares of Cairn Energy to recover Rs 102 bn retro tax
  •  ArcelorMittal’s raised offer for Essar Steel plunges shares by 2.6%
  •  Centre to invite proposals to set up NBFC for food processing sector
  •  Panel of secretaries reviewing e-commerce draft to focus on FDI
  •  Real Effective Exchange Rate slips to 114.5 in August on falling rupee
  •  Goodricke in talks to buy two tea estates from McLeod
  •  HCL Tech’s buyback offer to start on Sep 18
  •  BPCL to skip Iran oil purchases in October
  •  Tata Power to offer suite of services in rooftop solar drive
  •  RBI nominee on PSU boards create illusion of regulatory control: Raghuram Rajan
  •  Distancing govt from PSBs will help avert NPAs: Rajan
  •  Reliance Jio to use Hughes satellite to provide 4G services in remote, rural areas
  •  Vijay Mallya to return to UK court for extradition hearing
  •  Ind-Ra downgrades IL&FS Financial Services on liquidity pressures
  •  Yes Bank raises USD 400 million through syndicated loan facility
  •  Blaupunkt to invest USD 300 million in India on TV business
  •  Corruption costs $2.6 trillion or 5 per cent of global GDP, says UN chief Antonio Guterres
  •  SC to hear ArcelorMittal plea against NCLAT order today
  •  Passenger vehicles sales skid 2.46% in August
  •  PSBs asked to set up one platform for sale of defaulters’ assets
  •  Rs 4L cr investor wealth wiped off in two days

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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