Ongoing SME IPO_B&B Triplewall Ltd

 

B&B Triplewall Ltd

Issue Analysis :

Issue opens Sept.28, 2018
Issue Closes Oct. 05, 2018
Issue Price Rs 36
Lot Size 3000
Issue Size 19.99 Cr
Lead Manager Gretex Corporate Services Private Limited
Registrar Purva Sharegistry India Pvt  Ltd
Platform NSE

Company’s Snapshot :

B&B Triplewall is engaged in manufacturing of corrugated boxes and corrugated sheets. It has manufacturing facilities situated at Bangalore and Tamilnadu. The manufacturing facility is divided into two units, both the units are engaged in manufacturing of corrugated sheets and boxes. The company mainly caters to packaging industry and has been able to develop a loyal clientele network consisting of various packaging companies and MNC’s. Majority of its revenues are from the state of Karnataka.

The manufacturing facilities are divided into two units. Unit I is located at Bangalore, Karnataka and Unit III is situated at Shoolagiri (Krishnagiri), Tamilnadu. Whereas, Unit II was given on Lease. The company commenced its business operations in the year 2011 in Unit I. Subsequently, business operations were commenced in the year 2015 in Unit III. Its manufacturing facilities are well equipped with required facilities including machinery, conveyor belt, other handling equipments to facilitate smooth manufacturing process. The company endeavours to maintain safety in its premises by adhering to key safety norms.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements – INR6 crore
  • Repayment of Intercorporate Loans – INR8.3 crore
  • General Corporate Purpose – INR4 crore
  • Issue Expenses – INR1.69 crore

 

Financial Highlights :

 

B&B Triplewall’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 31.62 45.04 101.76 101.95 166.97
Total expenses 30.73 42.99 97.40 100.36 161.22
Profit after tax 0.67 1.28 1.93 1.66 4.57

 

 

Company Promoters:

The Promoters of the Company is:

  1. Mr Manish Kumar Gupta
  2. Mr Ravi Agarwal
  3. Mr Alok Agarwal
  4. Mr Manish Bothra
  5. Mr Amit Agarwal
  6. Mr Sidharth Agarwal
  7. Mr Nishant Bothra

Contact Company Information:

B&B Triplewall Containers Limited
Sy. No. 263/2/3, Marsur Madivala
Kasaba Hobli Anekal Taluk
Bangalore – 562106

 

Phone: +91 80 27827028
Email: cs@boxandboard.in
Website: www.boxandboard.in

 

Today’s M & A Deals_Sep 29, 2018

M & A Deals :

  • Zebpay shuts downs crypto currency exchange in face of RBI ban.
  • arlyle-backed pathology firm Metropolis files for IPO.
  • RBI restricts GIC-backed Bandhan Bank from opening new branches, caps CEO pay.
  • OYO, Pharm Easy among top tech firms to get VC funding this week.
  • I Squared-IFC platform to acquire road asset from HCC.
  • Global M&A volume flattens in July-Sept on trade tensions.
  • Garden Reach IPO sails through; retail investors, HNIs stay away.
  • Sensex, Nifty mark worst month since early 2016.
  • PEs, VCs must seek inflection point in agri supply chains to invest meaningfully.
  • Mumbai Angels invests more in parody video app Spoofin.
  • Zebpay shuts downs crypto currency exchange in face of RBI ban.

Ongoing SME IPO_Shubham Polyspin Ltd

 

Shubham Polyspin Ltd

Issue Analysis :

Issue opens Sept.28, 2018
Issue Closes Oct. 04, 2018
Issue Price Rs 40
Lot Size 3000
Issue Size 6 Cr
Lead Manager Beeline Broking Limited
Registrar Link Intime India Pvt  Ltd
Platform BSE

Company’s Snapshot :

Shubham Polyspin is into the production of polypropylene multifilament yarn. In 2013, the company installed Spin Draw Wind Line Machinery from Lohia Corp having monthly capacity of 50 MT. Spin-Draw-Wind Lines for polypropylene multifilament yarn offer compact and flexible solutions for varied applications. The company had taken premises admeasuring approx 4800 Square feet area at Block no. 95/3, Shed No. C2 & C3, Trimul Industrial Estate, Vadsar Village, Gandhinagar, on rental basis.

Following strong demand of its products in the market, the company added one more plant in the month of May 2014 of similar capacity of 50 MT/ per month thus aggregating to 100 MT/ per month. Backed with increased production capacity and an experienced marketing team, the company expanded its sales to nearby states like Rajasthan, Madhya Pradesh & Maharashtra and also ventured in Export Markets.

In May 2015, the company acquired land for an integrated production facility at Village Borisana (Taluka-Kadi) admeasuring area of 5009 sq. mtrs. The land purchased was later developed by constructing a Factory Shed admeasuring approximated 2800.00 sq.mtrs. along with Staff Quarters and Administrative Building. The company further added two more Spin Draw Line Machines from Lohia Corp Ltd, hence increasing the total capacity of the company to 200 MT per month. Old plants from rented premises were shifted to the new production site and all the 4 plants were fully operational by August 2016.

Object of the Issue:

The objects of the Issue are to:

 

  • Modernization of Plant and Machineries, Building and Electrification – INR1.72 crore
  • Working Capital Requirements – INR2.70 crore
  • General Corporate Purpose – INR0.70 crore
  • Developing New Products – INR0.07 crore
  • Issue Expenses – INR0.80 crore

 

Financial Highlights :

 

Shubham Polyspin’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 6.26 13.55 15.40 17.71 28.27
Total expenses 6.23 13.25 15.04 17.38 26.50
Profit after tax 0.02 0.20 0.25 0.22 1.48

 

 

Company Promoters:

The Promoters of the Company is:

  1. Mr Anil Somani
  2. Mr Ankit Somani
  3. Mr Akshay Somani

Contact Company Information:

Shubham Polyspin Limited
Block No. 748, Saket Industrial Estate, Nr. Kaneria Oil Mill, Jetpura- Basantpura Road
Village Borisana, Taluka Kadi
Mahesana, Gujarat – 382 728

 

Phone: +91 70431 24999
Email: compliance@shubhamgrp.co
Website: www.shubhamgrp.co

 

Ongoing SME IPO_Vinny Overseas Ltd

 

Vinny Overseas Ltd

Issue Analysis :

Issue opens Sept.28, 2018
Issue Closes Oct. 03, 2018
Issue Price Rs 40
Lot Size 3000
Issue Size 10.38 Cr
Lead Manager Pantomath Capital Advisors Private Limited
Registrar Bigshare Services Pvt  Ltd
Platform NSE

Company’s Snapshot :

Vinny Overseas is engaged in the processing of fabrics for shirting, suiting and dress materials through manufacturing process of weaving, dyeing, printing and finishing. The company procures Grey Fabric from the domestic market and further dyes the same as per the client’s requirements on the basis of quality of the fabric, sizing requirements etc. The company is also engaged in Job-Work for wholesale cloth merchants and also trades in grey cloth as per the order received from the customer.

Its products offering can be largely classified into Shirting Fabrics, Shooting Fabrics, Polyester Fabrics, Dress Materials and Cotton Fabrics. Established in 1992, the company caters both domestic and international clients. Vinny Overseas has also been recognized by Director General of Foreign Trade, Ministry of Commerce and Industry as a “One Star Export House” and holds a valid certificate upto 2020. Its processing unit is located at Isanpur Road, Narol, Ahmedabad in the state of Gujarat, on approximately 27000 square yard of land which comprises of dyeing, printing and finishing processing with a capacity of processing of approx. 4,00,00,000 meter per annum. For the financial year 2017-18, the company processed 3,82,87,548 meters of fabrics.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

 

Financial Highlights :

 

Vinny Overseas’ financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 80.59 87.35 98.30 98.34 130.54
Total expenses 79.61 85.87 96.58 95.63 126.58
Profit after tax 0.68 0.98 1.11 1.70 3.08

 

Company Promoters:

The Promoters of the Company is:

  1. Hiralal Parekh

Contact Company Information:

Vinny Overseas Limited
B/H International Hotel
Narol-Isanpur Road, Narol
Ahmedabad Gujarat 382405

 

Phone: +91 79 2573 1900
Email: cs@vinnyoverseas.in
Website: www.vinnyoverseas.in

 

Ongoing SME IPO_Marine Electricals Ltd

 

Marine Electricals Ltd

Issue Analysis :

Issue opens Sept.28, 2018
Issue Closes Oct. 03, 2018
Issue Price Rs 66
Lot Size 2000
Issue Size 42.87 Cr
Lead Manager Aryaman Financial Services Limited
Registrar Bigshare Services Pvt  Ltd
Platform NSE

Company’s Snapshot :

Marine Electricals is an integrated electrical and automation solution provider dealing in comprehensive electrical solution across industries with significant presence in Marine sector (Indian Navy, Commercial Shipbuilding) and Non Marine sector (Data Centre, Building Management Systems, Industrial etc). The company provides solution in Low Voltage, Medium Voltage and Industrial Automation backed by In-house Product Design & Development, Manufacturing, Installations and after sale service. The company has business relationships with global electrical players like Schneider Electric, Siemens, GE. Further, it has entered into an agreement with NLC India Limited to provide Solar Power Evacuation system, thus venturing into the renewable energy segment.

The company’s manufacturing facilities are certified as per ISO 9001, ISO 14001, and OHSAS 18001 for the Quality Management system, Environmental Management System and Occupation Health & Safety Management System respectively. Its manufacturing facilities have all the latest CNC bending and turret punching machines to deliver equipment within the demanding tolerances to meet the requirements of latest globally offered panels, this is also supported by its pre-treatment and painting facilities.Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

 

Financial Highlights :

 

Marine Electricals’ financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 214.86 238.39 251.69 273.65 383.46
Total expenses 197.37 226.36 237.49 256.16 360.80
Profit after tax 13.43 7.87 9.21 10.22 15.27

 

 

Company Promoters:

The Promoters of the Company is:

  1. Vinay Uchil
  2. Venkatesh Uchil
  3. KDU Enterprises Private Limited

Contact Company Information:

Marine Electricals India Limited
B/1, Udyog Sadan No.3,
MIDC, Andheri (E),
Mumbai – 400 093

 

Phone: +91 22 4033 4300
Email: info@marineelectricals.com
Website: www.marineelectricals.com

 

Morning Business News Round Up_ Sep 28, 2018

  •   Sebi asks MFs for details on exposure to NBFCs
  •   India will continue to buy Iran’s oil: Iranian minister
  •   IL&FS Finserv misses loan repayments due this month
  •   Image result for PNBPNB approves proposal to raise Rs 5,431 cr from govt
  •   Commerce min forms panel on new foreign trade policy
  •   UCBs converting to SFBs must set up a public co: RBI
  •   Thyssenkrupp mulls separation of major biz
  •   Govt fights rupee drop as RBI takes steps to ease liquidity for banks
  •   Linking Aadhaar becomes mandatory for subscribers availing EPS benefits
  •   Govt may announce steps to boost exports, further curbs on imports: FinMin
  •   SBI to issue and encash electoral bonds from Oct 1 to 10, says FinMin
  •   RBI to meet large shareholders of IL&FS on Friday, discuss turnaround plan
  •  NCDEX starts clearing operations via subsidiary
  •   Centre to relax FDI regulations in food processing sector
  •   L&T’s power arm bags orders worth Rs 1,400 cr
  •   WTO slashes global trade growth forecast to 3.9%
  •   NMDC to commission Nagarnar coke oven unit, also steel plant
  •   UST Global acquires Bengaluru-based SeviTech Systems
  •  Bitcoin mining giant Bitmain reveals IPO plan
  •  Yes Bank erodes nearly half of its market value in five weeks
  •  Anil Ambani seeks to sell control of Reliance Communications
  •   Aavas Financiers share sale subscribed 97% on last day
  •   Spot power tariff climbs to 9-year high of ₹15.37 at IEX
  •   RBI eases cash reserve rules to ease liquidity
  •   Competition Commission penalises Esaote for unfair business ways
  •   French government rules out selling Air France-KLM stake
  •   DoT defers mandatory security testing of telecom gears till January 1
  •   DPE to issue advisories to PSUs to implement strategic HR practices
  •   RBI relaxes SLR norms to ease liquidity crunch
  •   5th tranche of electoral bonds sale from Oct 1
  •   Indian realty market set to touch $1 trillion by 2030
  •   Import duty on ATF not to make big impact on airlines

Today’s M & A Deals_Sep 28, 2018

M & A Deals :

  • PE-backed Aavas Financiers’ IPO falls short of full subscription on market jitters
  • SAR Group’s VC arm bets on dosa machine maker Mukunda Foods as IAN exits
  • Company watch: Carzonrent bets on B2B, self-drive biz to come out of growth jam
  • Atlantia eyes road projects of IL&FS; R-Com in talks to sell assets
  • NSE ties up with VC-backed Elemential to set up blockchain for e-voting
  • Nifty closes below 11,000 as financial, auto stocks weigh

Ongoing SME IPO_Sun Retail Ltd

 

Sun Retail Ltd

Issue Analysis :

Issue opens Sept.27, 2018
Issue Closes Oct. 03, 2018
Issue Price Rs 23
Lot Size 6000
Issue Size 10.12 Cr
Lead Manager Fedex Securities Limited
Registrar Bigshare Services Pvt  Ltd
Platform BSE

Company’s Snapshot :

Sun Retail is engaged in the business of trading into refined/filtered edible oils. The company’s major products include cottonseed oil, groundnut oil, sunflower oil. The Company also performs activity of bulk trading of palmolein oil and soyabean oil. Its products are sold under the brand name of “Dharti” and “Dharti SingTel”. The company’s operations are divided in these two major categories:

Wholesale trading

It purchases refined/filtered oils from the local oil refineries as per needed specification and requirements and subsequently, it is sold to Kanel Industries Limited as a bulk trading.

Retail trading

The company purchases refined/filtered oils from the local oil refineries as per needed specification and requirements and subsequently, it is sold to Kanel Industries Limited for re-filtration and thereafter the final product is packed into tin containers, jars, bottles or pouches of different sizes as per requirements. Thereafter, the company re-purchases refined/filtered packed edible oil from Kanel Industries Limited for retail selling in the market. Sun Retail offers refined/filtered edible oil in different packing size ranging from 15kg tin containers, 15 Litre jars, 5 Litre jars, 2 Litre jars, 1 Litre bottle, 1 Litre pouch, 500 ml bottle and 500 ml pouch.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements- INR7.09 crore
  • General Corporate Purpose – INR2.43 crore
  • Issue Expenses – INR0.60 crore

Financial Highlights :

Sun Retail’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 16.44 23.10 25.63 68.06 65.32
Total expenses 16.44 23.09 25.70 67.79 64.97
Profit after tax 0.00 0.01 0.04 0.19 0.23

 

 

Company Promoters:

The Promoters of the Company is:

  1. TJR Agrocom Private Limited

Contact Company Information:

Sun Retail Limited
213/214, Phase-II GIDC
Naroda
Ahmedabad – 382330

 

Phone: +91 079- 22843366
Email: sun_retail@yahoo.com
Website: www.dhartisingtel.com

 

Ongoing SME IPO_Silgo Retail Ltd

 

Silgo Retail Ltd

Issue Analysis :

Issue opens Sept.27, 2018
Issue Closes Oct. 03, 2018
Issue Price Rs 36
Lot Size 3000
Issue Size 4.88 Cr
Lead Manager Aryaman Financial Services Limited
Registrar Bigshare Services Pvt  Ltd
Platform NSE

Company’s Snapshot :

Silgo Retail is engaged in the business of designing, manufacturing, retailing and wholesaling of silver jewellery. The company deals in silver jewellery and offers a wide variety of designs to suit the preferences of the end customers. With regional diversity of tastes and preferences, it has diverse portfolio of ornaments and jewellery to suit the taste and preferences.

Its products include silver jewellery with varied range of designs and the product portfolio includes rings, earrings, bracelets, necklaces, jhumki, bangles and customized jewellery based on customer demand. Its online products are hallmarked jewellery certified by BIS and every product is cast in 925 sterling sliver. The company offers a wide range of products in silver jewellery for special occasions such as weddings and festivals to daily wear jewellery for all ages, genders and across various price points. It has a dedicated and efficient design team, focused on developing new products and designs that meet customers’ requirements using the latest 3D Computer-Aided Designing (CAD) Software.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

FY2017 FY2018
Total revenue 4.98 16.47
Total expenses 4.71 15.15
Profit after tax 0.18 0.95

 

Company Promoters:

The Promoters of the Company is:

  1. Mr Nitin Jain
  2. Mrs Bela Agrawal

Contact Company Information:

Silgo Retail Limited
B–11, Mahalaxmi Nagar
Jawahar Lal Nehru Marg
Jaipur, Rajasthan– 302 017

 

Phone: +91 0141 4919655
Email: info@silgo.in
Website: www.silgo.in

 

Ongoing SME IPO_Dolfin Rubbers Ltd

 

Dolfin Rubbers Ltd

Issue Analysis :

Issue opens Sept.27, 2018
Issue Closes Oct. 01, 2018
Issue Price Rs 26
Lot Size 4000
Issue Size 5.20 Cr
Lead Manager Guiness Corporate Advisors Private Limited
Registrar Bigshare Services Pvt  Ltd
Platform BSE

Company’s Snapshot :

Dolfin Rubbers is engaged in manufacturing of Auto and Animal Driven Vehicle (ADV) tubes supporting the tyre industry near Ludhiana (Punjab). Its range of rubber tubes, suitable for tyres of various types of vehicles viz., Mopeds, Scooters, Motorcycles, Cars, Jeeps, Buses, Trucks and Tractors with the use of Butyl rubber.

The company was incorporated on 12 October 1995 and it started manufacturing tubes in the year 1997. Its registered office is located at 79/l, Block-H, Sarabha Nagar, Ludhiana- 141001, Punjab and it carries out production through its manufacturing unit situated at Village Gaunspur, Humbran-·141102, Ludhiana, Punjab. The company has established distribution network across India. It has presence in 27 states and union territories in India through distributors who assist it in supplying its products to a wide network of retail suppliers.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Dolfin Rubbers’ financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 10M FY2018
Total revenue 25.0 28.6 32.6 40.9 43.1 42.2
Total expenses 24.3 27.7 31.7 39.8 41.9 40.9
Profit after tax 0.50 0.57 0.67 0.53 0.70 1.03

 

 

Company Promoters:

The Promoters of the Company is:

  1. Kawaljit Singh
  2. Ratinder Kaur

Contact Company Information:

Dolfin Rubbers Limited
79/1, Block-H
Sarabha Nagar
Ludhiana Punjab 141002

 

Phone: +91 0161 5031030
Email: dolfintube@gmail.com
Website: www.dolfin.co.in