Today’s M & A Deals_August 02, 2018

Today’s M & A Deals :


  • How top NBFCs outpaced biggest banks by asset and profit growth
  • Top seven success factors for optimizing customer experience with a CXM platform
  • PE-backed CreditAccess eyes stellar returns from partial exit in microlender’s IPO
  • Financial, auto stocks drag Sensex lower after RBI raises repo rate
  • Venture Catalysts seed funds operating system startup PrimeOS
  • Flipkart’s Myntra buys Pretr to boost omnichannel biz
  • Children edutainment kits startup Flinto gets venture debt from Innoven
  • India’s factory growth eases in July on weaker demand

Morning Business News Round Up_ August 2, 2018

  •  RBI assures debt market of more liquidity
  •  No formal communication on NHPC stake sale: NTPC
  •  Image result for gst lawsCabinet clears changes to GST laws, to be placed soon
  •  Bank fraud: ED to request 6 countries for assistance
  •  ICICI Bank warns against increased regulatory scrutiny
  •  Unemployment to stay at 3.5% in India: ILO
  •  New proposal to clean up NPA mess may cost banks Rs 50,000 cr
  •  Piramal set to demerge pharma, finance arms, list them on stock exchange
  •  Possibility of currency wars risk to India’s growth: RBI Governor
  •  RBI hikes repo rate by 25 basis points to 6.50% amid inflation concerns
  •  Centre clears GST refund worth Rs 543.78 bn of exporters till July end
  •  China accounts for 89% of India’s total solar cells imports in 2017-18
  •  Sebi wins Australia court case against group accused of financial fraud
  •  UPI transactions decline 4.5% in July
  •  LIC takeover may see infusion of Rs.13,000 crore in IDBI Bank
  •  Elgi Equipments acquires Sydney-based Pulford Air & Gas
  •  Apollo Tyres net up three-fold at Rs 252 cr in Q1
  •  ArcelorMittal Q2 net income up at $1.9 bn
  •  MCX Clearing Corporation gets SEBI nod; may start operations soon
  •  NCLAT tells Bhushan Power lenders to submit revised plans by Monday
  •  ICICI Bank makes disclosures on Chanda Kochhar in US SEC filing
  •  Amrapali Group’s bank accounts, movable properties attached for defrauding homebuyers
  •  Hero MotoCorp sales up 9 pc at 6,79,862 units in July
  •  Tesla plans $5 billion investment in Chinese factory
  •  Bank ombudsman scheme to be strengthened: RBI
  •  RBI rate hike reflects uptick in credit demand: Industry
  •  TRAI recommends spectrum pricing changes for next auction
  •  FRDI Bill withdrawn on public concerns, says FM Piyush Goyal
  •  Indian consumer sentiment hits record high in July, says report
  •  SMEs want big firms sitting on payments removed from RoC
  •  Maruti sales decline, announces price hike
  •  Rural demand, farm income set to grow: RBI
  •  Skymet predicts below normal rains this monsoon

Ongoing SME IPO_Saketh Exim Limited IPO

Saketh Exim Limited IPO

Issue Analysis :

Issue opens Aug 1, 2018
Issue Closes Aug 3, 2018
Issue Price Rs 69
Lot Size 2000
Issue Size 9.44 Cr
Platform NSE

Company’s Snapshot :

Incorporated in 2010, Mumbai based Saketh Exim Limited is a company engaged in the business of manufacturing and fabricating of a wide range of steel products used in Pipe Support Systems, HVAC Systems, Anti-vibration System and Equipment for Industrial, Commercial, Utility and OEM Installations.

The company manufactures engineering products, metal and base metal products like bolts, clamps, G. I. nuts and hangers etc. Its product portfolio also includes all types of bathroom accessories, bathroom pipes, fittings and sanitary wares.

The Company is also engaged in trading of textile products like fancy shirtings and finish fabrics.

Saketh Exim has 3 manufacturing units located at Vasai.

For six months period ending September 30, 2017, Manufacturing contributed 46.26% while Trading contributed 53.74% to the revenue of the company.

The revenue from operations for the financial year ending 2014-15, 2015-16 and 2016-17 are Rs 3,748.30 lakhs, Rs

4,668.77 lakhs and Rs 5,132.56 lakhs respectively.

The Net profit after tax for the company shows an increase of 91.07% and 24.06% respectively over the 3 years.

The company has 37 employees on its payroll.


Object of the Issue:

The Issue comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder.

The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholder.

The objects of the Fresh Issue are to raise funds for:

  • Funding Long-Term Working Capital Requirements and
  • Funding Expenditure for General Corporate Purposes


Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,717.27 2,445.78 1,562.01 1,812.55 1,550.80 842.20
Total Revenue 6,199.76 5,140.47 4,672.11 3,749.45 3,321.15 1,930.61
Profit After Tax 107.12 95.55 77.02 40.31 13.31 13.87


Company Promoters:

The promoters of the company are:
1. Mr. Sanjay J Patel (Individual Promoter)
2. Mrs. Smita S Patel (Individual Promoter)
3. Mrs. Taruna P Patel(Individual Promoter)
4. Mrs. Fatema S Kachwala (Individual Promoter)


Contact Company Information:

Saketh Exim Limited

Plot No- PAP D-146/147
TTC MIDC, Turbhe,
Navi Mumbai – 400705
Phone: +91 22 2762 0641/42/43
Fax: : +91 22 2762 0623

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