Ongoing SME IPO_ Rajnandini Metal Ltd

 

Rajnandini Metal Ltd

Issue Analysis :

Issue opens Sept.24, 2018
Issue Closes Sept. 27, 2018
Issue Price Rs 26
Lot Size 4000
Issue Size 4.27 Cr
Lead Manager Corporate Capital Ventures Private Limited
Registrar Bigshare Services Private Ltd
Platform NSE

Company’s Snapshot :

Rajnandini Metal is in the business of trading of scrap of all types of ferrous and Non ferrous Metals such as Copper Wires, ingot scrap, and other related items used in various electrical and industrial applications. The company works as a crucial business interface, networking between manufacturers / processors / yards and consumers / traders across the country. Its product portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards of all types of ferrous and Non ferrous Metals according to customer specifications.

The company operates as an important intermediary in the Metals Supply Chain whereby it purchases materials such as Annealed/Un-Annealed Copper Wires, Copper Wires, Brass Scrap, Aluminium ingot, Zinc ingot etc. from various suppliers and supplies the same to customers in the Metal Business. The company’s business model is based on B2B model wherein the company sells the scrap to the business enterprises who further transform the scrap in to finished product as per their requirements. The company operates three warehouses in Daulatpur, New Delhi; NIT Faridabad; and LIbaspur, New Delhi.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Rajnandini Metal’s  financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 90.1 104.4 109.8 136.5 127.3 141.2
Total expenses 89.5 103.8 109.2 135.9 126.5 139.7
Profit after tax 0.39 0.41 0.55 0.32 0.55 0.94

 

 

Company Promoters:

The Promoters of the Company is:

  1. Het Ram
  2. Mithlesh Sharma

Contact Company Information:

Rajnandini Metal Limited
3E/17 B.P. N.I.T
Faridabad
Haryana-121001

Phone: +91 0129-4074043
Email: info@rajnandinimetal.com
Website: www.rajnandinimetal.com

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Ongoing SME IPO_Innovative Ideals Ltd

 

Innovative Ideals Ltd

Issue Analysis :

Issue opens Sept.24, 2018
Issue Closes Sept. 26, 2018
Issue Price Rs 40
Lot Size 3000
Issue Size 12.26 Cr
Lead Manager Pantomath Capital Advisors Private Limited
Registrar Bigshare Services Private Ltd
Platform BSE

Company’s Snapshot :

Innovative Ideals started as a proprietorship concern for trading of varieties of security equipment by importing from Korea. It has gradually evolved from a trading company to a security solution provider. The company provides System Integration for security, safety and building automation and installation of various electronics systems. It provides a wide range of services with respect to security and electronic systems, such as, Video Door Phone, Audio Door Phone, Access Controls, Home Automation Systems, Intrusion Alarm System, CCTV Systems, Fire Alarm Systems and Telecom Products.

The company provides Video Door Phones under its own brand names, namely, Onyx and Inok. Further, home automation solutions are provided under the brand name of eHomes. Strengthening its service to B2B segment, the company introduced Fibre to the Home (FTTH) solutions in the residential projects which is a single line connection for Voice, Direct To Home and Broadband internet services. This fibre allows multiple Internet Service Providers (ISPs) to use the single fibre cable to provide their services.

In order to reach B2C segment, it has developed two products, Savior and ArmHer, addressing the need of safety of the citizens in the country, primarily, children, women and senior citizens. Apart from this, the company has also launched basi feature mobile phones which are sold under own brand name, Inoyo. Innovative Ideals has entered into an agreement with Tata Sky Broadband and Tata Sky Limited for providing broadband and Direct to Home (DTH) services to the residents / subscribers in Amanora Park Town, Pune for the period of five years commencing from March 15, 2018 to March 14, 2023.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Innovative Ideals’  financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 12.8 12.4 12.2 10.7 20.3
Total expenses 12.1 12.2 12.2 9.3 16.0
Profit after tax 0.50 0.16 0.01 0.98 3.09

 

Company Promoters:

The Promoters of the Company is:

  1. Maqsood Shaikh
  2. Tazyeen Shaikh

Contact Company Information:

Innovative Ideals and Services (India) Limited
E- 202, 2nd floor, Skypark
Off Ajit Glass Road, Oshiwara
Goregoan (W), Mumbai-400104

Phone: +91 022-6739 2121
Email: investors@innovative.in
Website: www.innovative.in

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Morning Business News Round Up_ Sep 24, 2018

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  •  Govt mulls law to settle commercial disputes fast
  •  Image result for il&fsIL&FS crises not a Lehman moment for India: SBI Chief
  •  Over 40% cos surveyed expect RBI to hike rates: CII
  •  Oil India gets nod to raise up to Rs 7,000 crore
  •  China’s debt rises to USD 2.58 trillion
  •  Shadow banker in India rushes to sell assets
  •  Spectrum auction for 5G likely in later half of 2019: Telecom Secretary
  •  Sebi disposes ICICI’s submissions for overhauling its settlement rules
  •  BSE to move eight companies out of ASM framework from September 24
  •  McLeod sells 6 more gardens; courting Alibaba, others to sell tea online
  •  I-T department slaps ONGC Videsh with Rs 76.66-billion service tax demand
  •  Assets of nine CPSEs to be hived off before stake sale
  •  Commerce Ministry rues steep decline in export credit
  •  Tata Steel to pay at least ₹4,300 cr for Usha Martin steel arm
  •  PM unveils Ayushman Bharat; 50 cr to get health cover of ₹5 lakh
  •  Most companies upbeat about growth, business prospects in Q2, says CII report
  •  FPIs turn net sellers in September, pull out ₹15,365 crore so far
  •  Seven of top 10 Indian firms lose ₹89,779 crore in m-cap, RIL worst hit
  •  Over 40% firms feel RBI may further hike rates: CII survey
  •  Taiwan takes India to WTO’s safeguard committee on solar duty
  •  RBI shortlists Infosys, TCS, 3 other IT firms to implement CIMS
  •  Dutch firm Flytxt to invest Rs 250 cr in Kerala’s Technopark
  •  BSNL inks deal with Softbank, NTT to roll out 5G, IoT service
  •  Finance ministry officials to brief parliamentary panel on ponzi scheme bill
  •  Government to ‘soon’ curb on imports to bring rupee to 68-70 level against US dollar
  •  PNB, OBC, Andhra Bank next in line for merger
  •  Higher MSP to push up gold demand 25%
  •  RRBs’ number to be brought down to 36
  •  Trai rules out interference in telecom tariffs
  •  Broadband subscriber base widens 52%