Ongoing SME IPO_Kshitij Polyline Ltd

 

Kshitij Polyline Ltd

Issue Analysis :

Issue opens Sept.21, 2018
Issue Closes Sept. 27, 2018
Issue Price Rs 35
Lot Size 4000
Issue Size 8.75 Cr
Lead Manager Monarch Networth Capital Limited
Registrar Karvy Computer share Private Ltd
Platform NSE

Company’s Snapshot :

Kshitij Polyline is involved in manufacturing, marketing, sourcing of Plastic Sheet, lamination sheet, folders, I card and files having wide application in printing and stationery. The company has developed the skill and expertise in designing and innovation in office stationery, calendar, dairy and student study materials of different variety colours, design and application. It has also developed the In-house technical & Design team to provide stationery solution and implementation for calendar, diary, books as replacement of traditional material with new and innovative PP material.

The company has regular business from existing clients such as Navneet Publication, Anupam Stationery, Events and Media Organisers of conference and Exhibition. The company has developed the regular whole sellers and distributors for supply of laminated sheet, PP sheet, office stationery and allied products. KPL has established own distribution and marketing network in Pan India Basis. The company is now planning for business expansion through state of art manufacturing facility. It has plan to develop logistic & warehousing facility in Delhi, Jaipur, Culcutta, Hydrabad, Banglore, Chennai and Pune.

Object of the Issue:

The objects of the Issue are to:

  • Purchase of Machinery and Equipment to manufacture the Laminated sheet, Wiro and PP Sheet suitable for stationery and office products
  • Working Capital Requirements
  • General Corporate Purposes
  • Issue Expenses

Financial Highlights :

Kshitij Polyline’s financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 9M FY2018
Total revenue 13.3 12.7 12.4 15.6 17.0 17.0
Total expenses 13.2 12.5 12.1 15.3 16.6 15.9
Profit after tax 0.08 0.11 0.16 0.20 0.28 0.85

 

Company Promoters:

The Promoters of the Company is:

  1. Bharat Hemraj Gala
  2. Hemraj Bhimshi Gala
  3. Rita Bharat Gala

Contact Company Information:

Kshitij Polyline Limited
8, Sona Udyog, Parsi Panchayat Road,
Andheri East
Mumbai – 400069

Phone: +91 022 42234107
Email: : kshitij123@hotmail.com
Website: www.kshitijpolyline.co.in

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Ongoing SME IPO_Manorama Industries Ltd

 

Manorama Industries Ltd

Issue Analysis :

Issue opens Sept.21, 2018
Issue Closes Sept. 25, 2018
Issue Price Rs 188
Lot Size 600
Issue Size 64 Cr
Lead Manager Pantomath Capital Advisors Pvt Ltd
Registrar Link Intime India Private Ltd
Platform BSE

Company’s Snapshot :

Manorama Industries is engaged in manufacturing, processing and supply of exotic and specialty fats & oils like Sal butter, Sal fat, Sal oil, Sal Stearine, Sal olein, Mango butter, Mango fat, Mango oil, Mango Stearine, Kokum butter, Kokum oil, Mowrah fat, and several value added tailor made products. Currently, it is among the leading manufacturers of Sal Oils and Stearine globally with an annual production of 3,000-4,000 tonnes. Last year, the company produced 908 tonnes of Stearine resulting into approximately 1% global market share. Globally, it is amongst the top 10 manufacturers of Stearine.

The company caters to chocolate and cosmetic industry. Its product stearine which is made out of sal or mango seeds is one of the key ingredients in the manufacturing of Cocoa Butter Equivalents (CBE), which has a demand in the Chocolate Industry. Further its product olein is generally demanded in cosmetic industry. Its products also serve as a non-palm oil ingredient as there is movement against usage of palm oil in many western countries.

Manorama Industries has also entered into an agreement with one of the leading chocolate manufacturers for supply of CBE for a period of two year from 2018. As on date of the DRHP, it has an order book to supply CBE worth INR7680.00 lakhs over a period of two years from April 2018.

Object of the Issue:

The objects of the Issue are to:

  • Establishing an integrated greenfield project for manufacturing of CBE / specialty fats and tailormade products at Birkoni, near Raipur
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Manorama Industries’ financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 105.3 133.4 131.7 146.4 221.9
Total expenses 104.1 132.0 130.0 144.3 206.0
Profit after tax 0.90 0.94 1.08 1.38 10.36

 

Company Promoters:

The Promoters of the Company is:

  1. Vinita Saraf

Contact Company Information:

Manorama Industries Limited

F-6, Anupam Nagar
Behind Ganesh Mandir, Raipur
Chhattisgarh- 492001

Phone: +91 022 67088148
Email: investors@manoramagroup.co.in
Website: www.manoramagroup.co.in

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Morning Business News Round Up_ Sep 21, 2018

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  •  India’s economy to double in size to $5 tn by 2022:PM Modi
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  •  Image result for TVS Logistics ServicesTVS Logistics Services buys 51% stake in Chola’s WDSI for Rs 422 mn
  •  India to settle payments for Iranian oil using rupees starting November
  •  Sebi announces changes to the composition of credit rating agencies
  • Govt hikes interest rate on small savings by up to 0.4%
  •  NITI Aayog to make recommendations on proposed agriculture
  •  USGC asks India to allow ethanol imports to lower crude oil
  •  Chennai Petroleum cancels Iran oil imports
  •  SBI gets tough with ArcelorMittal over Uttam Galva dues
  •  E-commerce cos to deduct 1 pc TCS under GST from Oct 1
  •  ‘SBI not the right candidate to take over more banks’
  •  PowerGrid gets shareholders’ nod to raise up to ₹20,000 crore via bonds in FY20
  •  Petroleum products may not be brought under GST soon
  •  India considers raising steel import duty to support rupee
  •  Airtel, Reliance Jio, Sterlite Tech among bidders for Aircel assets
  •  Preventive vigilance better governance tool for public institutions, says RBI Governor Urjit Patel
  •  NCLAT wrongly allowed ArcelorMittal to pay dues after bidding for Essar Steel, NuMetal tells SC
  •  Steel import duty hike may widen CAD, hit engineering exports: EEPC India
  •  India Post invites proposal for consultancy on setting up insurance arm
  •  Asian firms’ confidence sinks to near 3-year low: Poll
  •  Fitch revises Tata Motors outlook to negative
  •  Global meet on sustainable trade and standards
  •  ITC Hotels acquires Park Hyatt Goa Resort
  •  SEBI passes on economies of scale of increasing asset size to investors