Day: September 27, 2017

Upcoming SME IPO_Jash Engineering Limited

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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 hermes h belt control gates, flap valves, knife gates valves, energy click here dissipating valves and coarse screens,  screening conveying equipment, hydro hermes h belts 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 ebay hermes h bracelet unboxing nerf
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

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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 replica hermes belt 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 poloponynetwork.com 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 hermes replica belt
 Top Counter at Banks & Other Places.  They are also producing different Textures for Vertical ebay hermes h bracelet unboxing nerf
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

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Morning Business News :

  • GST mop up for August dips to Rs 90,669 crore
  • IDFC and Shriram to redraw new merger formula
  • Indian telecom ebay hermes h bracelet unboxing nerf
    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

<img class="alignleft" src="https://i2.wp.com/media2.intoday.in/btmt/images/stories/sebioffice_660_080917123219.jpg?resize=295%2C201" alt="Image result poloponynetwork.com for • Sebi” data-recalc-dims=”1″ />

  • 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 hermes belt for cut-price phone, bets hermes belts on data
  • ADB lowers India growth outlook