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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Spectrum Electrical Ltd

Issue Analysis :

Issue opens	Sept.17, 2018
Issue Closes	Sept. 21, 2018
Issue Price	Rs 65
Lot Size	2000
Issue Size	25.87 Cr
Lead Manager	Arihant Capital Market Ltd
Registrar	Bigshare Services Pvt. Ltd
Platform	NSE

Company’s Snapshot :

Spectrum Electrical Industries is engaged in the business of designing and manufacturing of electrical, automobile and irrigation components as contract manufacturers and as component suppliers to leading industry players on Business-to-Business (B2B) model. The company offers integrated design and manufacturing solutions for local and internationally recognised brands in the electrical products industry. It has developed ability to manufacture most of these products from the concept and design stage up to the final delivery to the customer’s distribution network thereby covering the entire value chain.

It undertakes production and supply of finished products and intermediate-stage products for its customers on contract basis depending upon the demand from them. Spectrum Electrical’s manufacturing units are located at Jalgaon & Nashik in Maharashtra. It also has a commercial tool room with modern infrastructure backed by an experienced team. The company offers comprehensive design services, ranging from product conceptualisation, designing, technical detailing, tooling and productivity improvement services.

Object of the Issue:

The objects of the Issue are to:

• Setting up a Zinc Plating plant at Umale
• Working Capital Requirement
• General Corporate Purpose
• Issue Expenses

 

Financial Highlights:

Spectrum Electrical Industries’ financial performance (in INR crore)
		FY2014	FY2015	FY2016	FY2017	FY2018
Total revenue		0.00	0.14	2.16	6.60	119.83
Total expenses		0.05	0.11	1.78	5.93	111.73
Profit after tax		-0.05	0.02	0.30	0.53	5.90

 

Company Promoters:

The Promoters of the Company is:

1. Deepak Chaudhari

Contact Company Information:

Spectrum Electrical Industries Limited
Plot No. V -195, MIDC Area
Ajanta Road
Jalgaon- 425 003

 

Phone: +91 0257 2210 192
Email: sarita.zamwar@spectrum-india.com
Website: www.spectrum-india.com

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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

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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

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