Month: May 2018

Waa Solar Limited IPO

Issue Analysis

Issue opens	May 31, 2018
Issue Closes	June 4, 2018
Issue Price	161
Lot Size	800
Issue Size	28.18 Cr
Lead Manager	Guiness Corporate Advisors Pvt Ltd
Registrar	Bigshare Services Pvt. Ltd
Platform	BSE

Company’s Snapshot

Incorporated in 2009, Gujarat based Waa Solar Limited is a company engaged in solar power generation by setting up Solar Power Project and by investing in Special Purpose Vehicle (“SPV”) associate and subsidiaries companies which are engaged in solar power generation activities.

In 2010, Gujarat Urja Vikas Nigam Limited (“GUVNL”) has awarded the company the work of setting up of Solar Photovoltaic Grid Interactive Power Plant of 10MW capacity at village Nayka, Taluka-Sami, District Patan, to produce the Electric Energy and for sale of entire electrical energy, so produced, for commercial purpose from such project to GUVNL for a tenure of 25 years. GUVNL has entered into Power Purchase Agreement (“PPA”) and agreed to purchase such power through distribution companies (“Discom”).

In 2013, Airport Authority of India, has entered into PPA with the company for setting up a solar power plant of 100 KWP at Raja Bhoj Airport, Bhopal on Built, Own and Operate (“BOO”) basis for a tenure of 25 years.

 

Object of the Issue

The present Public Issue of 20,00,000 Equity Shares includes a Fresh Issue of 17,50,000 Equity shares and an offer for sale by the Selling Shareholder of 2,50,000 equity shares at an issue price of ` 161 per Equity Share.

The Offer for Sale: The Company will not receive any proceeds from the Offer for Sale.
Fresh Issue: The objects of the Issue are:

1. Investment in Subsidiary Companies
2. General Corporate Purpose,
3. Meeting Public Issue Expenses.

 

Financial Highlights

 

Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	20,018.99	19,806.98	21,882.07	18,113.28	15,908.92
Total Revenue	2,607.24	4,689.97	5,426.30	2,900.85	2,773.49
Profit After Tax	427.50	633.98	1,152.70	538.07	828.28

 

 

Company Promoters:

The promoter of the company is Madhav Power Private Limited. Madhav Power Private Limited (“MPPL”) holds 34,19,982 Equity Shares of our Company constituting 70.03% and 51.56 % of pre-issue paid-up capital and post issue paid-up capital respectively.

 

Contact Company Information:

Waa Solar Limited
Madhav House,
Nr. Panchratna Building,
Subhanpura, Vadodara, Gujarat -390023
Phone: 0265 -2290722
Fax:
Email: info@waasolar.org
Website: http://www.waasolar.org/

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Palm Jewels Limited IPO

 

Issue Analysis :

Issue opens	May 25, 2018
Issue Closes	Jun 4, 2018
Issue Price	Rs 30
Lot Size	4000
Issue Size	8.90 Cr
Lead Manager	FIRST OVERSEAS CAPITAL LIMITED
Registrar	KARVY COMPUTERSHARE PRIVATE LIMITED
Platform	BSE

 

Company’s Snapshot :

Incorporated in 2005, Gujarat based Palm Jewels Limited is a company engaged in the wholesale business of gold jewelry. The company sells gold based chains, bracelets, and necklaces. It outsources the manufacturing of the jewelry through job workers based in Ahmedabad and Mumbai. The major raw material used for making the products is gold & silver. Gold bars and other necessary material are provided to the job workers who are based either in Ahmedabad and Mumbai.

The finished jewelry is sold by the company’s marketing and sales team directly to other jewelry stores. The jewelry is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy. Some of the major customers include M/s. Zaverat, Mehta Ornaments Private Limited, Shah Chinubhai Ramniklal Co., and Shubhlaxmi Jewellers, etc.

Palm Jewels currently has 11 employees on its payroll.

 

Object of the Issue :

The Objects of the Issue are-

1. To meet the working capital requirement; and
2. To meet the expenses of the Issue

 

Financial Highlights :

 

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	163.08	36.62	35.93	34.87	33.54
Total Revenue	552.38	157.48	97.91	41.63	118.89
Profit After Tax	1.54	0.53	(0.35)	0.19	0.14

 

Company Promoters:

The Promoters of the Company are Mr. Rohit D. Shah and Mr. Chetna R. Shah. They together hold 42,00,767 Equity Shares having a face value of Rs. 10 per share and representing 95.15% of the pre-issue Paid-up Capital of the Company.

 

Contact Company Information:

Palm Jewels Limited
G.F-37, Super Mall
Nr. Diamond, C. O. Hou. Soc. Ltd, Nr. Lal Bunglow
C. G. Road, Ahmedabad – 380001, Gujarat, India
Phone: +91 79 40052056
Email: compliance.pjl@gmail.com
Website: http://www.palmjewels.com

 

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Sorich Foils Limited IPO

Issue Analysis :

Issue opens	May 24, 2018
Issue Closes	May 28, 2018
Issue Price	Rs 16
Lot Size	8000
Issue Size	4.00 Cr
Lead Manager	SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
Registrar	LINK INTIME INDIA PRIVATE LTD
Platform	NSE

Company’s Snapshot :

Incorporated in 2011, Gujarat based Sorich Foils Private Limited is a company engaged in manufacturing and supplying a varied range of Aluminium Foils for Blister, Strip Foils, Cold Forming Foil, Coated Glassine Paper for Blister, Laminated Glassine Paper for Strip Pack, Child Resistant (CR) Foils, Aluminium Lid Foils, Triple Laminates, Flexible Packaging for Pharma & Food Industries, also FMCG packaging materials. These products are widely applicable in different industries such as Pharmaceutical Industries, FMCG packaging, Food and dairy industries, Confectionery / Chocolate industries & Personal Care Packaging.

The manufacturing facilities of the Company is currently located in Valsad, Gujrat. The company has 38 employees on its payroll.

Object of the Issue :

The Object of the Issue is

1. Part Repayment/prepayment of Unsecured Loans availed by the Company; and
2. General corporate purposes.

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	1,599.39	1,663.38	1,528.47	959.68	956.16
Total Revenue	2,659.08	2,689.88	2,506.66	2,285.93	1,963.30
Profit After Tax	32.85	18.86	22.48	20.37	23.96

 

Company Promoters:

The company is promoted by Chandrahas Kotian. He currently holds 27,48,024 Equity Shares, constituting 47.11% of the pre – Issue issued, subscribed and paid-up equity share capital of the Company.

 

Contact Company Information:

Sorich Foils Limited
Plot No. 4802/1, Plastic Zone
GIDC, Sarigam, Tal: Umbergaon,
Dist: Valsad, Gujrat-396155
Phone: +91 260 2780670
Email: cs@sorichfoils.in
Website: http://www.sorichfoils.in

 

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Debock Sales and Marketing Ltd IPO

Issue Analysis :

Issue opens	May 24, 2018
Issue Closes	May 28, 2018
Issue Price	Rs 20
Lot Size	6000
Issue Size	4.44 Cr
Lead Manager	GRETEX CORPORATE SERVICES PVT LTD
Registrar	CAMEO CORPORATE SERVICES LTD.
Platform	NSE

Company’s Snapshot :

Incorporated in 2008, Debock Sales and Marketing Limited is engaged in manufacturing and trading of large range of agricultural equipment and in hospitality services. Company’s product range includes Tractor Trolley, Agricultural Thresher, Mould Board Ploughs, Mounted Disc Ploughs, Tillers, Tanker, Combine Machine, Seed Drill Machine, Mounted Disc Harrows, Tractor Cultivators, Chaff Cutters etc.

Company commenced its business in hospitality services by opening a class hotel (Hotel Debock Inn) in July 2015 at Deoli in Tonk District on NH -12 in July 2015. In this regard the Company entered into a MOU with Rajasthan Government.

 

Object of the Issue :

The Object of the Issue is

1. To Meet the working capital requirement

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	3,007.36	2,096.70	1,082.99	418.02	40.68
Total Revenue	1,614.76	1,026.68	408.98	10.08	3.30
Profit After Tax	51.05	(2.23)	2.46	2.31	1.97

 

Company Promoters:

Company is promoted by Mukesh Manveer Singh.

 

Contact Company Information:

Debock Sales and Marketing Ltd
51, Lohiya Colony,
200 ft Bye Pass,
Vaishali Nagar, Jaipur – 302021
Phone: +0141-2358654
Email: cs@debockgroup.com
Website: http://www.debockgroup.com

 

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Affordable Robotic & Automation Limited IPO

Issue Analysis :

 

Issue opens	May 24, 2018
Issue Closes	May 28, 2018
Issue Price	Rs 83 – Rs 85
Lot Size	1600
Issue Size	31.17 Cr
Lead Manager	PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar	LINK INTIME INDIA PRIVATE LTD
Platform	BSE

Company’s Snapshot :

Incorporated in 2010, Pune based Affordable Robotic & Automation Limited is a company engaged in the business of providing turnkey automation solution to automotive, semi-automotive and manufacturing industries.

The Company programs and automates the functions of machines used in manufacturing process of the automobile industry. The Assembly facility of the Company is situated at Pune, Maharashtra along with the Head office, covering an area of 8,442 sq. meters.

The Company is also in the business of assembling and installing automatic multilevel car parking system. This system is preferred by residential complexes, shopping malls, and commercial buildings. It has a presence in Mumbai and Pune in automated car-parking business. Further, in FY 2017-18, the Company has set-up a new line of business, Secondary Packaging, which is aimed at FMCG industries by way of providing automation service in container packaging of the final packed product.

Object of the Issue :

The Objects of the Issue are-

1. Purchase of New Plant and Machinery;
2. Repayment of certain Long-Term Borrowings availed by the Company;
3. Funding the Working Capital requirements of the Company; and
4. General Corporate Purposes

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	5,390.96	3,239.97	2,285.85	1,670.49	916.22
Total Revenue	4,039.43	4,709.13	2,595.45	2,423.29	1,727.28
Profit After Tax	395.63	122.04	14.07	81.20	43.35

 

Company Promoters:

The Promoters of the Company are Milind Padole and Manohar Padole. The Promoters hold 62,49,500 Equity Shares representing 96.18% of the pre-issue Paid-up Capital of the Company.

 

Contact Company Information:

Affordable Robotic & Automation Limited
Village Wadki
Gat No. 1209
Taluka Haveli, Dist. Pune – 412308
Phone: +91-7720018914
Email: info@arapl.co.in
Website: http://www.arapl.co.in

 

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