Upcoming SME IPO_Jash Engineering Limited

SME IPO_JASH ENGINEERING LIMITED

Issue Details

Issue opens 28th September 2017
Issue Closes 3rd October 2017
Issue Price 115-120
Lot Size 1200
Issue Size 48 Crore
Lead Manager Systematix Corporate Services Limited
Registrar Linkintime India Private Limited
Platform NSE

Promoters Group

The promoters of our company are Mr. Laxminandan Amin, Mr. Pratik Patel, Mrs Bharafi Patel and Mr. Harsh Patel which holds aggregate of 30.09% of pre offer issued, Subscribed and paid up equity capital of the Company.

Overview of Business

The Company is engaged in manufacturing of water control gates, flap valves, knife gates valves, energy dissipating valves and coarse screens,  screening conveying equipment, hydro power screw generator, screw pump and process equipment. The company offers a single stop solution undeer one roof including Design, casting, Fabrication, Assembly & testing and provides the most varied range of these products in largest possible sizes.

Object of the ISSUE

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Working Capital Requirements 900
2 Expansion of Manufacturing Facilities 193.48
3 Acquasition of Land and Set up of New Plant 859.14
4 General Corporate Purpose 359.45
Total 2312.07

Overview of Consolidated Financials

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 1225.08 882.72 576.73 737.86 544.38
Total Asset 640.72 734.05 541.24 402.84 340.53
Groups Share of Net Profit 117.65 97.68 45.16 63.48 66.82

List of Wholly Owned Subsidiaries

  1. Shivpad Engineers Private Limited, India
  2. Jash USA Inc, USA
  3. Mahr Maschinenbau Gambh, Austria
  4. Engineering and Manufacturing Jash Limited, Hong Kong

Financial Ratios

  1. EPS : 10.98 ( Standalone Basis) , 10.72 ( Consolidated basis)
  2. PE Ratio: 11
  3. RONW: 11.77%( Standalone Basis) , 12.26%( Consolidated basis)
  4. NAV per Share: 93.30 ( Standalone Basis) , 87.44 ( Consolidated basis)

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Upcoming SME IPO_Milton Industries Limited

SME IPO_MILTON INDUSTRIES LIMITED

Issue Details

Issue opens 29th September 2017
Issue Closes 6th October 2017
Issue Price 34
Lot Size 4000
Issue Size 14.28 Crore
Lead Manager Swastika Investmart Limited
Registrar Big Share Services Private Limited
Platform NSE

Promoters Group

Mr. Vijay Pal Jain, Mr. Ajay Mahipal SinghJain, Mr. Abhaykumar Mahipalsingh Jain, Mr. Vikas Jain and Mr. Saket Jain are the Promoters of the Company. Promoter and Promoter Group will continue to hold the majority of post- Issue paid-up equity share capital of the Company

Business Overview 

The Company, Milton Industries Limited is engaged in manufacturing of Laminates, Artificial Leather cloth and Glass Fibre Reinforced Epoxy (GFRE) Sheets in the state of Gujarat. They are manufacturer and exporter of premium quality high-pressure laminates, industrial Laminates, laminated board, flooring laminates, artificial Leather cloth, GFRE Sheets and other allied products. The superior quality laminates can be used on walls, doors, windows, cupboards, tabletops, hotels, cash counters, home kitchen, etc. Initially our Company was engaged in manufacturing of laminates and further diversified in manufacturing and exports of Artificial Leather cloth, GFRE Sheets,DGFRP, CCL and NAFTC.

Company is producing Decorative & Industrial Laminates so called High Pressure Laminates from the year 1986. This Laminates are used for Flooring, for Door, Windows, Cupboards in Hotels, for Site Panels, for Table Top Counter at Banks & Other Places.  They are also producing different Textures for Vertical Decorative Thermosating Synthetic Resin Bonded Laminate Sheets which are basically supplied to Railways Departments.  Their product is also used by other Industries such as real estate and decorative Industry. Company was awarded by export award for three consecutive years 1994-1997 and also holding export status certificate

Object of the Issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Working Capital Requirements 1300
2 Public Issue Expenses 37.45
3 General Corporate Purpose 90.55
Total 1428.00

Overview of Financial Indicators

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 4363.17 4203.04 4228.35 4546.17 4655.06
Total Asset 5592.52 4851.89 4766.95 4127.73 3830.07
PAT 115.43 22.1 62.98 74.31 86.26

Financial Ratios

EPS: 1.03

PE Ratio : 33.14

RONW: 8.65%

NAV after Issue: 17.88

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Morning Business News Round Up_Sep 27,2017

Morning Business News :

  • GST mop up for August dips to Rs 90,669 crore
  • IDFC and Shriram to redraw new merger formula
  • Indian telecom undergoing tech disruption phase’
  • NCLT to hear Ericsson-RCom insolvency plea on Oct 6
  • Facebook to localise user data or be blocked: Russia
  • NeSL to be the first IU under the new recovery law
  • Reliance Infra to raise stake in Reliance Naval
  • Sebi stiffens rule on unauthorised trades
  • Govt considers fund to help exporters under GST regime
  • TN to procure 1500 MW of solar power at Rs 3.47 per unit
  • ICICI Lombard to make market debut today
  • Sebi to allow mutual funds, PMS to participate in commodity futures market
  • ArcelorMittal’s focus on other assets may hit $1-bn JV with SAIL
  • SEBI allows guarseed options on NCDEX

Image result for •	Sebi

  • Parliamentarians, experts for early passage of Motor Bill
  • UP sugar mills demand status quo on cane prices
  • JM Baxi Group opens India’s first ICD-based cold store in Haryana
  • Godrej Agrovet eyes raising ₹1,160 cr via IPO
  • ‘RCom has backup plans in place for the delayed Sistema merger’
  • GE warns India about risks to altering $2.5 billion diesel locomotives deal
  • Dabur ties up with Amazon to boost global sales
  • Shell companies: Disqualified directors under banks’ scrutiny
  • Lloyds Bank to transfer 1,000 staff to TCS subsidiary
  • Hong Kong, Malaysia looking better as India slows: ADB
  • Technology billionaires lose $16 billion as sector stocks sink
  • Rupee closes at 65.45; weakest in 6 months
  • India raises market access, barriers issue with Indonesia
  • Airtel deploys 5G capable tech; promises faster data speeds
  • Anil Ambani says telecom sector in ICCU, warns of monopoly
  • Letters from a whistle-blower to SEBI on NSE rot
  • Tech, infra upgradation vital for agri-business
  • Rising oil prices to further hurt bleeding economy
  • RJio foots chunk of bill for cut-price phone, bets on data
  • ADB lowers India growth outlook

Upcoming SME IPO_ Reliable Data Services Limited

SME IPO_ RELIABLE DATA SERVICES LIMITED

Issue Details

Issue opens 27th September 2017
Issue Closes 3rd October 2017
Issue Price 57
Lot Size 2000
Issue Size  14.82 Crore
Lead Manager Swastika Investmart Limited
Registrar Skyline Financial  Services Private Limited
Platform NSE

Promoters Group

Mr Sanjay Kumar Pathak, Mr. Rakesh Jha, Mr. Sandeep Kumar Jha, Mr, Sunil Kumar Rai and Mr. Anil Kumar Jha are the promoters of the Company.

Overview of the Business

The company is primarily engaged in providing customized services to various Banks, financial institution and other manufacturing industries in the field of management Services, transaction processing services, human resource services and other allied services.

The company has entered into agreement with various lending MNC and private sector banks for providing various support services.The company is engaged in collection services with mobile based application developed by banks, image based data processing on behalf of banks.

Object of the issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Working Capital Requirements 500
2 Repayment of Long term Borrowing 596.07
3 Capital Expenditure 248.48
4 General Corporate Purpose 97.45
5 Issue Expenses 40
Total 1482.00

Overview of Consolidated Financial Parameters(Restated)

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 3429.33 2619.09 2428.04 2013.85 1399.72
Total Asset 2756.67 2420.09 2136.94 1828.61 1245.56
PAT 162.32 129.29 172.49 148.14 102.56

Financial Ratios

  1. EPS: 2.71
  2. P/E Ratio : 21.07
  3. RONW: 15.16%
  4. Consolidated NAV after Issue : 29.68

 

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Morning Business News Round Up_Sep 25,2017

Morning Business News :

  • Donald Trump slaps travel restrictions on North Korea
  • Foreign funds head for Dalal Street exit
  • Amazon India calls up Ashok Patni group for JV
  • 200,000 more directors disqualified
  • Essar to Set Up 4 Small & Medium LNG Terminals
  • Mallya diverted most of Rs 6kcr loan to shell cos
  • UK negotiator dismisses reports of 40 bn-pound Brexit bill
  • Crackdown on shell firms: India Inc may have to go on restructuring drive
  • Insurance sector undergoing disruptions, trend to accelerate: Assocham
  • India in talks with Uzbekistan, other countries to create uranium reserve
  • Decision on PEs investing in insurance firms in a month: Irdai chief
  • Modi likely to respond to economy concerns at BJP executive meet on Monday
  • Amazon picks up 5% stake in Shoppers Stop

Image result for Shoppers Stop

  • FinMin wants RBI to lower rates, boost domestic demand
  • India, Indonesia trade ministers to meet on Monday
  • FinMin plans Mudra promotion camps from Sept 27
  • Supertech raises Rs350 crore from L&T Finance for housing project
  • Sebi to hire agency to strengthen IT infrastructure
  • Govt to set up 5 scrap-based steel plants with Rs500 crore investment
  • Insurance sector undergoing disruptions, says report
  • Aditya Birla’s acquisition bid may value Aleris Corp at $2.5 billion
  • Economic stimulus to influence equity indices’ movement, says report
  • 95 mobile companies have set up plants in India, says IT Minister Ravi Shankar Prasad
  • DGCA invites bids from consulting firms for its eGCA project
  • Mark Zuckerberg wants to sell 35-75 million Facebook shares
  • Govt favours bank recapitalisation
  • Telcos owe Rs 3.08L cr in spectrum dues
  • FC Exclusive: NCLT notice to SpiceJet in insolvency plea
  • Oil sector mergers may be advanced to boost economy

Weekly Markets Sentiment_23.09.2017

Markets had a rough week. Sentiment changed for the worse. Nifty, from all time new closing highs fell right below 10k. Friday’s fall was particularly steep and worrisome. Weekly cut on the Nifty was of more than 100 points. Sentiment turned for the worse and participants see deeper cut on the index. Fall across the market was deep. Mid-caps and Small-caps were butchered and badgered out of shape. Cuts across some of the counters were as deep as 7-10%.

Technically Nifty is below support of 10k. 9950 can break easily if the fall is not restricted. 9900 is the 50-D EMA. That should provide intermediate support. Sentiment is bearish no doubt as last highs were not taken out. Early days for a double top, but Nifty sure is not sustaining at high levels. Next week it is crucial that Nifty hovers or settles near the 9950 level. Should this break you are likely to test 9700.

Fundamentally markets are at 26x P/E. The valuations continue to remain elevated and above historical levels. Domestic flows continue to barge in. FIIs continue to sell heavily. They have sold about 15k crores this month and sell every day. The quantum of FII selling is more than matched by domestic MF flows. SIPs continue to flow and support the markets.

Globally, DOW is above 22k. Fed stayed put with rates however have indicated an imminent hike in December. North Korea continues to threaten world safety and give bears new hopes and reasons to fall. US retaliated with some actions of its own. Situation remains skeptical.

For the week Metals look like to continue its correction. Having said that they will be a good buying opportunity. Some of the indexes are showing signs of reversal however confirmations are far off as of now. One has to wait and watch for indices to breach key support zones. Pharma and IT continue to be safe bets. Banks are weakest.

Ongoing SME IPO_ CADSYS ( INDIA) LIMITED

SME IPO_ CADSYS ( INDIA) LIMITED

Issue Details

Issue opens 21th September 2017
Issue Closes 25th September 2017
Issue Price 70
Lot Size 2000
Issue Size 14.70 Crore
Lead Manager Saffron Capital Advisors Pvt. Ltd.
Registrar Big Share Services Pvt. Ltd.
Platform NSE

Promotors Group

  1. N.C.V Rangacharya ( Managing Director) is the single promoter of the Company.

Business Description

The company is domain focused GIS and engineering business technology service provider headquartered in Hyderabad, with presence in United States. They are primarily engaged in providing IT enabled services foe geospatial, field engineering survey,software development and engineering design services in the domains like telecom, electricity and other utilities.

They have expanded their portfolio with strategic acquisition to emerge as a well balanced player in the IT  Service Segment. The company is certified by ISO 9001:2015 for design development and production of Geographical IS and engineering services . Their clientele include govt departments and companies in telecom power and other utility sectors.

Overview of Consolidated Financials (Restated)

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 4363.6 2984.15 2354.37 2000.46 1369.18
Total Asset 5466.21 2864.34 2337.87 1677.27 1303.04
PAT 1094.79 551.74 468.4 296.99 218.57

Object of the Issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Repayment of Long term Borrowing 1100.00
2 General Corporate Purpose 275
3 Issue Expenses 95
Total 1470.00

Financial Ratios ( Consolidated Basis) :

  1. EPS : 20.26
  2.  PE Ratio : 3.53
  3.  RONW : 37.97%
  4.  NAV per share : 53.63

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Forthcoming_IPO_Prataap Snacks Limited IPO

Prataap Snacks Limited IPO

Issue Detail:

Issue Open Date Sept 22th , 2017 Price Band : Rs 930 – Rs 938  
Issue Open Date Sept 26th , 2017 Minimum Bid Qty : 15  


Objects Of The Issue :

The Issue comprises the Fresh Issue and the Offer for Sale.

  1. Offer for Sale
    Each of the Selling Shareholders will be entitled to their respective portion of the proceeds from the Offer for Sale. Company will not receive any proceeds from the Offer for Sale.
  2. Fresh Issue
    Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
  3. Repayment/pre-payment, in full or part, of certain borrowings availed by the Company;
    B. Funding capital expenditure requirements in relation to expansion and modernisation at certain of our existing manufacturing facilities;
    C. Investment in its Subsidiary, Pure N Sure, towards enabling the repayment/pre-payment of certain borrowings availed of by our Subsidiary;
    D. Marketing and brand-building activities; and
    E. General corporate purposes.

Business Description :

Incorporated in 2009, Prataap Snacks is Indore, MP based Indian Snack Food Company. Prataap Snacks sell products under the brand name “Yellow Diamond”. Company is among the top 6 Indian organized snack market.

Prataap Snacks has a diversified product portfolio including traditional and western snacks. Company manufacture and sell it’s snacks under three major savory snack food categories:

  1. Extruded Snacks: Processed, reconstituted and shaped potato or cereal based snacks. This includes Puffs, Rings, Pellets and Chulbule products.
    2. Chips: Fried, sliced chips or crisps made from potatoes, hummus, lentils.
    3. Namkeen: Traditional savoury Indian snack which includes products such as moong dal, masala or fried nuts, sev and bhujia.

In Fiscal 2017, revenue from Extruded Snacks, Chips and Namkeen represented 62.99%, 23.85%, and 12.23%, respectively

Company has pan-India distribution network supported by strategically located manufacturing facilities. Company’s distribution network included 205 super stockists and over 3,400 distributors.

Prataap Snacks own and operate three manufacturing facilities, one located at Indore and the other two located at Guwahati, Assam.

Company Promoters:

The Promoters of the Company are Arvind Mehta, Amit Kumat, Apoorva Kumat, Rajesh Mehta, Naveen Mehta, Arun Mehta, Kanta Mehta, Rita Mehta, Premlata Kumat, Swati Bapna, Rakhi Kumat, Sandhya Kumat and SCI Growth Investments II.

Company Financials:

Particulars

For the year/period ended (in Rs. million)

31-Mar-17

31-Mar-16 31-Mar-15 31-Mar-14

31-Mar-13

Total Assets

4,271.75 3,414.01 2,991.31 2,798.79

2,220.65

Total Revenue

9,054.57 7,579.01 5,605.71 4,468.45

3,444.84

Profit After Tax

98.93 273.73 99.02 53.79

148.72


Company Contact Information :

Prataap Snacks Limited
Khasra No 378/2, Nemawar Road,
Near Makrand House,
Indore 452 020
Phone: (91 731) 243 7621
Fax: (91 731) 243 7605
Email: complianceofficer@yellowdiamond.in
Website: http://www.yellowdiamond.in

IPO Registrar :

Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

IPO Lead Manager(s) :

  1. Edelweiss Capital Limited
  2. JM Financial Consultants Private Limited
  3. Spark Capital Advisors (India) Private Limited

Ongoing_IPO_SBI Life Insurance Company Ltd

SBI Life Insurance Company Ltd IPO Detail

Issue Detail:

Issue Open Date Sept 20th , 2017 Price Band : Rs 685 – Rs 700  
Issue Open Date Sept 22th , 2017 Minimum Bid Qty : 21  


Objects Of The Issue :

The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 120,000,000 Equity Shares by the Selling Shareholders.

 

Business Description :

Incorporated in 2000, SBI Life Insurance Company Limited is India based private life insurer. SBI Life Insurance is a joint venture between the State Bank and BNPPC. State Bank is India’s largest commercial bank. BNPPC, an insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally, is among the leading credit life insurance businesses globally. BNP Paribas is in top 10 global financial institution in terms of revenue.
SBI Life has product a portfolio of 37 individual and group products, including a range of protection and savings products to address the insurance needs of diverse customer segments.

Company has developed a multi-channel distribution network comprising bank branches of SBI and its associated banks, individual agent network (93,849 agents) and other distribution channels including direct sales and sales through corporate agents, brokers, insurance marketing firms and other intermediaries.

SBI Life turned profitable within the first five years of our operations, and have declared dividends every year since 2012.

Competitive Strengths

  1. Largest private life insurer in India since 2010.
    2. Backed by SBI and BNPPC
    3. Vast multi-channel distribution with pan-India presence (Branches, Agents and Online)
    4. Strong capital base. Company has not required additional capital infusion since 2008.
    5. Diversified product portfolio

Company Promoters:

The Promoters of the Company are State Bank and BNPPC.

Company Financials:

Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 26,782.89 23,110.62 25,516.19 24,341.77 19,756.78
Total Revenue 3,02,775.13 1,91,197.24 2,31,864.86 1,73,694.22 1,49,755.25
Profit After Tax 9,546.53 8,441.03 8,148.67 7,277.53 6,301.12


Company Contact Information :-

SBI Life Insurance Company Ltd
NATRAJ,
M. V. Road and Western Express Highway Junction,
Andheri (East), Mumbai 400 069
Phone: +91 22 6191 1000
Fax: +91 22 6191 0338
Email: investor@sbilife.co.in
Website: https://www.sbilife.co.in/

 

IPO Registrar :

Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

IPO Lead Manager(s) :

1. Axis Capital Limited
2. BNP Paribas
3. Citigroup Global Markets India Private Limited
4. Deutsche Equities India Private Limited
5. ICICI Securities Limited
6. JM Financial Consultants Private Limited
7. Kotak Mahindra Capital Company

Morning Business News Round Up_Sep 20,2017

Morning Business News :

  • Banks can classify priority loans as standard debt: RBI
  • Korea objects to curbs on gold imports
  • TRAI recommendations to promote ease of telecom biz
  • Trump warns US may have to ‘totally destroy’ N Korea
  • US concerned over Sri Lanka’s debt burdens
  • India to supply over half of Asia’s workforce: Report
  • Govt makes public names of debarred directors
  • Trai slashes call connect charge to 6 paise/minute
  • US defence firms want control over tech in Modi’s Make-in-India plan
  • Tata Sons consolidates holdings in three group companies
  • JSW Steel in talks with investors for Bhushan Steel bid
  • Zydus and Pharm Aid tie up for vaccine technology for Russia
  • Tata Motors steps on the accelerator, JLR adds pace
  • Economic slowdown is real, not just technical: SBI Research
  • Companies may face additional tax compliance burden
  • Jaitley holds meeting to take stock of economic issues
  • MCX Zinc reverses higher from a key support level
  • Anti-dumping duty on bus radial tyres from China
  • New York hotels sale may leave Sahara with $200-250 mn
  • Trai lowers IUC, Reliance Jio prevails over Airtel, Idea

Image result for Reliance Jio

  • Ford, Mahindra examine strategic alliance, 22 years after first partnership
  • Switzerland shuts down ‘fake’ E-Coin in latest cryptocurrency crackdown
  • India to reach 20 GW of installed solar capacity by FY18-end: report
  • Nifty hits another all-time high for 2nd day in a row; tops 10,175 points for the first time ever
  • Singapore business community to hold conference on Indian market
  • India needs Rs 3-4 lakh cr investment in aviation: Jayant Sinha
  • NPA-laden state-run banks crimp advance tax mop-up at 10.6 per cent
  • The world’s biggest wealth fund hits $1 trillion
  • Dependence of Indian IT cos on visas reducing: Nasscom
  • Sebi takes guard against security threats, to hire agencies
  • Modi’s meeting with FM, Finmin officials postponed
  • Mahindra showcases driverless tractors
  • GoM on AI may suggest 51% FDI in aviation