Upcoming SME IPO_Ranjeet Mechatronics Ltd

 

Ranjeet Mechatronics Ltd

Issue Analysis :

Issue opens Sept.12, 2018
Issue Closes Sept. 17, 2018
Issue Price Rs 25
Lot Size 6000
Issue Size 04.05 Cr
Lead Manager Beeline Broking Ltd
Registrar Alankit Assignments Ltd
Platform BSE

Company’s Snapshot :

Incorporated in 1993, Ranjeet Electric Private Limited’s main object was to carry on the business of electrical and electrical mechanical engineers and sell supply, establish, fix and carry out and deal in industrial pumps, diesel engines, electrical motors and equipments etc. In 2009, the company took distributorship of fire pumps and fire engines of Kirloskar. In subsequent years, the firm – through its subsidiaries – has been awarded a work contract of sewage treatment plant, pumping system including water softening and water distribution system at Nashik Airport. In 2013-14, another group firm was awarded a contract of approximately INR10 crores from NCC Limited at Vardhaman Institute of Medical Science for Design, Supply, Transportation, Installation, Testing, Commissioning related to fire hydrant system, sprinkler system, fire Extinguishers, fire pumps, gas based fire Suppression system. The company’s name was changed to Ranjeet Mechatronics Limited in May 2018.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

 

Financial Highlights :

Ranjeet Mechatronics’ financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 10.9 24.0 25.3 17.6 18.0
Total expenses 10.8 23.9 25.0 16.9 16.7
Profit after tax 0.03 0.05 0.16 0.51 0.91

 

Company Promoters:

The Promoters of the Company is:

  1. Mr Rakesh Vallabhbhai Swadia
  2. Mr Devarshi Rakesh Swadia

Contact Company Information:

Ranjeet Mechatronics Limited
Block A, Office No: 407, Dev Aurum
Anand Nagar Char Rasta, Prahlad Nagar Road
Ahmedabad – 380 015

 

Phone: +91 79 4000 9390
Email: cs.compliance@ranjeet.co.in
Website: www.ranjeet.co.in

 For Beeline Assistance:  Contact Here

Ongoing SME IPO_Ahlada Engineers Ltd

 

Ahlada Engineers Ltd

Issue Analysis :

Issue opens Sept.11, 2018
Issue Closes Sept. 18, 2018
Issue Price Rs 150
Lot Size 1000
Issue Size 51.08 Cr
Lead Manager Saffron Capital Advisors Private Ltd
Registrar Bigshare Services Pvt. Ltd.
Platform NSE

Company’s Snapshot :

Ahlada Engineers is in the business of manufacturing steel doors and windows (steel-frame) and caters to customers across various segments and industries. It currently has facilities spread across 3 manufacturing units in addition to one assembling unit and stock yard, with an area admeasuring 34,211 square yards on the outskirts of Hyderabad. Additionally, the company is also in the business of manufacturing cleanroom equipment for customers in the pharmaceutical, biotechnology and food industries.

Established in 2005, it started commercial operations in February 2006 with manufacturing of cleanroom equipment and furniture. Further in the year 2008, the company started manufacturing steel doors which catered to the then existing customers of cleanroom equipment and furniture. The company gradually expanded its manufacturing facilities and has over the past decade, expanded the facilities to its current form and capacity. Presently, Ahlada Engineers has an installed capacity to manufacture 11,000 doors per month.

Object of the Issue:

The objects of the Issue are to:

  • Repayment of certain identified loans availed from lenders and directors
  • Purchase of Machinery/Equipment
  • Funding of Working Capital Gap
  • General Corporate Purposes
  • Issue Expenses

 

Financial Highlights :

Ahlada Engineers’ financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 79.1 96.3 111.5 118.6 127.9
Total expenses 75.0 92.2 106.6 113.3 115.6
Profit after tax 2.6 2.6 3.1 3.3 8.1

 

Company Promoters:

The Promoters of the Company is:

Chedepudi Suresh Mohan Reddy

Contact Company Information:

Ahlada Engineers Limited
Survey No. 62/1/A & 67, Tech Mahindra Road
Bahadurpally, Qutbullapur Mandal
Hyderabad 500 043

 

Phone: +91 98 6650 0811
Email: kodanda.cs@ahlada.com
Website: www.ahlada.com

 For Beeline Assistance:  Contact Here

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