Upcoming SME IPO_Add-Shop Promotions Limited

 

Add-Shop Promotions Limited IPO 

Issue Analysis :

Issue opens Aug 21, 2018
Issue Closes Aug 30, 2018
Issue Price Rs 26
Lot Size 4000
Issue Size 6.23 Cr
Lead Manager FEDEX SECURITIES LIMITED
Registrar CAMEO CORPORATE SERVICES LIMITED
Platform BSE

Company’s Snapshot :

Incorporated in 2013, Gujarat based Add-Shop Promotions Limited is a company engaged in the business engaged in the business of marketing and distribution of ayurvedic, food supplements, agricultural products, animal feed supplement and personal care products under the brand name “Add-Shop Promotions”.

 

The company supplies products manufactured by select manufacturers under its brand to retailers and wholesalers. It procures the finished products from certified manufacturers and markets it through various intermediaries and sales agents.

 

Add-shop has tied up with Marss Herbal (India), a manufacturer of herbal and natural use products. The company supplies the manufactured products under “ADD-Shop” brand.

 

To penetrate major markets, Add-shop has entered into an agreement with various collecting and forwarding agents (C&F’s) like Panchlingeshwara Enterprises, in Karnataka., Just Need United Trading, Maharashtra, and Good Life Enterprises Telangana.

 

The Company’s total revenue as restated for the three months ended June 2018 and for the Financial year 2018, 2017 and 2016 was Rs.381.41 lakhs, Rs.1254.90 lakhs, Rs. 455.41 lakhs and Rs.192.67 lakhs, respectively.

 

The profit/loss after tax as restated for the three months ended June 2018 and Financial Year 2018, 2017 and 2016 was Rs. 16.37 lakhs, Rs. 22.96 lakhs, 14.69 lakhs, and Rs. (0.38) lakhs, respectively.

 

The company has 16 permanent employees on its payroll.

Object of the Issue:

The objects of the issue are-

  1. Setting up of an herbal & ayurvedic processing unit for manufacturing of cosmetic & non-cosmetic products
  2. Brand Building and Advertisement
  3. Working Capital Requirements
  4. General Corporate Purposes

Financial Highlights :

 

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-June-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 806.69 757.72 83.85 41.58 1.00 1.00
Total Revenue 384.41 1,254.90 455.41 192.67
Profit After Tax 16.37 22.96 14.69 (0.38)

 

Company Promoters:

The Promoter of the Company is Dineshbhai Pandya. He holds 38,81,200 Equity Shares, representing 95.17% of the subscribed and paid-up Equity Share capital of the Company.

Contact Company Information:

Add-Shop Promotions Limited

 

B-304 Imperial Height

150ft Ring Road

Rajkot, Gujarat, India

Phone: 0281-2580499

Email: investor@addshop.co

Website: http://www.addshop.co/

For Beeline Assistance:  Contact Here

 

Ongoing SME IPO_Dangee Dums Limited IPO

 

Dangee Dums Limited IPO

Issue Analysis :

Issue opens Aug 20, 2018
Issue Closes Aug 24, 2018
Issue Price Rs 74
Lot Size 1600
Issue Size 20.07 Cr
Lead Manager MONARCH NETWORTH CAPITAL LIMITED
Registrar BIGSHARE SERVICES PVT. LTD
Platform NSE

Company’s Snapshot :

Incorporated in 2010, Ahmedabad based Dangee Dums Limited is a company engaged in the business of cakes, chocolates, and desserts.

The company manufactures the following products:

  1. Cakes and Pastries
  2. Designer Cake
  3. Chocolates
  4. Cupcakes and Ice creams
  5. Other Bakery Products

Dangee Dums has recently introduced ice cream which is receiving a very good response from the customers. The

other products are Artisan Breads, Candies, Cookies, Khari Toast, Thick shakes, Softies, Savouries, and beverages.

The company has a 25000 square feet manufacturing facility in Ahmedabad. It has 87 outlets across Gujarat with 46 outlets in Ahmedabad, 23 in Surat, 12 in Vadadora, 3 each in Gandhinagar and Surat.

Dangee Dums was awarded as the “best dessert place in Ahmedabad” in Times Food Award on February 12, 2012.

The company has 254 permanent employees on its payroll.

Strengths of the Company-

  1. Widespread footprint across Gujarat with 81 stores
  2. Sales growth of 60% CAGR on a YoY basis
  3. Established brand in Gujarat

Object of the Issue:

The objects of the issue are-

  1. Repayment of Existing Secured Loans
  2. Purchase of Fixed Assets
  3. General Corporate Expense
  4. Issue Expenses

Financial Highlights :

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 4,367.23 2,716.77 1,552.91 845.43 309.28
Total Revenue 3,657.86 1,996.12 1,153.12 598.39 295.34
Profit After Tax 154.77 90.52 (513.16) (288.03) (127.59)

 

Summary of financial Information (Restated Consolidated)  
Particulars For the year/period ended (in Rs. Lakhs)  
31-Mar-17  
Total Assets 2,716.49  
Total Revenue 1996.12  
Profit After Tax 90.50  

 

Company Promoters:

The promoters of the company are Mr. Nikul Jagdishchandra Patel, Mrs. Foram Nikul Patel, and Mr. Ravi Hemantkumar Patel. They together hold 70,35,500 Equity Shares constituting 93.18 % of the issued and paid-up Equity Share capital of the Company.

 

Contact Company Information:

Dangee Dums Limited

 

4/A, Ketan Society,

Nr. Sardar Patel Colony, Naranpura,

Ahmedabad – 380 014, Gujarat, India

Phone: 079-27681878

Email: cs@dangeedums.com

Website: http://www.dangeedums.com/

For Beeline Assistance:  Contact Here

 

Ongoing SME IPO_ Aaron Industries Limited IPO

 

Aaron Industries Limited IPO 

Issue Analysis :

Issue opens Aug 20, 2018
Issue Closes Aug 24, 2018
Issue Price Rs 38
Lot Size 3000
Issue Size 4.78 Cr
Lead Manager GRETEX CORPORATE SERVICES PVT LTD
Registrar BIGSHARE SERVICES PVT. LTD
Platform NSE

Company’s Snapshot :

Aaron Industries Limited is a company engaged in the business of manufacturing and trading of Elevator products and other elevator parts with the continuation of existing business also. Currently, the company provides

Elevator product and parts including Elevator cabins, Doors, Frem, Header, Traction Machine etc.

 

Aaron Industries also provides electronic equipment like Busbar chambers, Cable tray, Distribution boxes, Loom switch and building hardware material like Z perline and slotted channel etc.

 

The company’s total revenue increased to ` Rs 1,179.14 Lakh in 2018 from Rs 39.07 Lakh in 2014 at a CAGR of 97.67 %.

 

The EBIDTA increased to Rs 160.73 Lakh in 2018, from Rs 1.45 Lakh in 2014 at a CAGR of 156.42%.

Object of the Issue:

The Objects of the Issue are to:

  1. Set up a new line of business in the expansion plan
  2. Meet the working capital requirement; and
  3. Meet the Public Issue Expenses

Financial Highlights :

 

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 692.61 255.41 220.80 106.48 38.72
Total Revenue 1,179.14 480.31 331.89 237.81 39.07
Profit After Tax 107.03 4.94 3.86 3.66 0.84

 

Company Promoters:

The Promoters of the Company are:-

  1. Mr. Amar Chinubhai Doshi
  2. Mr. Karan Amar Doshi
  3. Mr. Monish Amarbhai Doshi
  4. Ms. Radhika Amar Doshi
  5. Ms. Toral Karan Doshi
  6. Ms. Bhoomi Monish Doshi

 

Contact Company Information:

Aaron Industries Limited

 

B-65 & 66,

Jawahar Road No. 4, Udhyog Nagar

Udhana, Surat-394210, Gujarat

Phone: +91-02612278410

Email: info1@aaronindustries.net

Website: http://www.aaronindustries.net/

For Beeline Assistance:  Contact Here

 

Upcoming SME IPO_Powerful Technologies Limited IPO

 

Powerful Technologies Limited IPO

Issue Analysis :

Issue opens Aug 9, 2018
Issue Closes Aug 14, 2018
Issue Price Rs 51
Lot Size 2000
Issue Size 13.55 Cr
Lead Manager FINSHORE MANAGEMENT SERVICES LIMITED
Registrar BIGSHARE SERVICES PVT. LTD
Platform NSE

Company’s Snapshot :

Incorporated in 2015, Delhi based Powerful Technologies Limited is a company engaged in the business of manufacturing/assembling LED TVs, LED monitors and Power Banks.

Powerful Technologies, initially sold its products under the brand names of “Powereye” and “Lappy Master”. The company also used to make power banks for other brands.

In the year 2016-17, it got approval from Kodak and Polaroid to manufacturer mobile power banks and LED TVs respectively. The company is an authorized licensee for Kodak Power banks and Polaroid LED TVs and LED

Monitors in India.

As part of its focus to sell its products online, the company has recently tied-up with Appraio Retail Pvt. Ltd, a JV of Amazon Asia and Patni group as also with Flipkart India Pvt. Ltd.

The company’s manufacturing unit is located at Noida. The company has recently delivered the first shipment of mobile adapters to its distributors under “Powereye” brand.

The company has 73 employees including contractual employees on its payroll.

Competitive strengths of the company-

  1. License rights with reputed global brands like Polaroid for India, Nepal, and Bangladesh and with Kodak for India.
  2. Ownership of brand names “Powereye” and “Lappy Master”
  3. Wide distribution network

 

Object of the Issue:

The objects of the Issue are:

  1. To meet the working capital requirements of the Company;
  2. Issue Expenses.

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 3,101.84 2,481.81 999.07 1.06
Total Revenue 6,262.12 3,561.26 2,497.25
Profit After Tax 450.25 40.65 18.48 (0.11)

 

Company Promoters:

The Promoters of the Company are Aditya Gupta, Nitin Chhabra, and Karuna Chhabra.

 

Contact Company Information:

Powerful Technologies Limited

 

G1 Prakash Chamber Ground Floor 6

Netaji Subash Marg, Darya Ganj

New Delhi- 110002

Phone: +91 11 40071894

Email: Nitin@pcpl.in

Website: http://www.powerfultech.in/

For Beeline Assistance:  Contact Here

 

Upcoming SME IPO_Sungold Media and Entertainment Limited IPO

 

Sungold Media and Entertainment Limited IPO

Issue Analysis :

Issue opens Aug 9, 2018
Issue Closes Aug 14, 2018
Issue Price Rs 10
Lot Size 10,000
Issue Size 1.35 Cr
Lead Manager FINSHORE MANAGEMENT SERVICES LIMITED
Registrar SATELLITE CORPORATE SERVICES PRIVATE LIMITED
Platform BSE

Company’s Snapshot :

Incorporated in 1995, Gujarat based Sungold Media and Entertainment Limited is a company engaged in the business of branding. The company offers services like Digital Marketing, Mobile App Development, Graphics Design, Website Design, Photography, Videography, Video Editing, Celebrity Management and distribution services.

Sungold designs and develops solutions to maximize brand image of its clients.

Some of the Ongoing projects of the company are:

  1. News portal- www.liveupdates.co.in
  2. Entertainment portal- www.entertainment365.in
  3. Portal on the state of Gujarat-www.gujaratdevelopment.com

 

The company has presently 10 permanent employees on its payroll.

 

Object of the Issue:

The objects of the Offer are to-

  1. Achieve the benefits of listing the Equity Shares on the SME Platform of BSE.
  2. Enhance the company’s visibility, brand name and provide liquidity to the existing shareholders.
  3. Provide a public market for the Equity Shares in India.

The Company will not receive any proceeds from the Offer. and all the proceeds from the Offer will go to the Promoter Selling Shareholder Mr. Rajiv Rameshchandra Kotia.

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
28-Feb-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 568.86 486.85 483.21 473.88 200.10 231.93
Total Revenue 44.74 59.85 56.34 34.96 14.93 10.80
Profit After Tax 2.67 5.32 8.81 6.31 0.91 0.26

 

Company Promoters:

The promoters of the company are Rajiv Rameshchandra Kotia and Raj Rajiv Kotia. Rajiv Rameshchandra Kotia holds 16,53,550 Equity Shares (being 33.07% of the Issued, Subscribed and Paid-up Equity Share capital) and Raj Rajiv Kotia hold 16,11,132 Equity Shares (being 32.22% of the Issued, Subscribed and Paid-up Equity Share capital) of the company.

 

Contact Company Information:

Sungold Media and Entertainment Limited

13, Radhakrushna Mandir Compound

Rajpipla, Nandod,

Narmada- 393145, Gujarat

Phone: +91 9099018633

Email: info@sungoldmediaent.com

Website: http://sungoldmediaent.com/

For Beeline Assistance:  Contact Here

 

Upcoming SME IPO_Deep Polymers Limited IPO

 

Deep Polymers Limited IPO

Issue Analysis :

Issue opens Aug 8, 2018
Issue Closes Aug 13, 2018
Issue Price Rs 40
Lot Size 3000
Issue Size 15.24 Cr
Lead Manager GRETEX CORPORATE SERVICES PVT LTD
Registrar BIGSHARE SERVICES PVT. LTD
Platform BSE

Company’s Snapshot :

Incorporated in 2005, Gujarat based Deep Polymers Limited is a company engaged in the business of manufacturing color and additive masterbatches including antifab fillers, transparent fillers and color fillers etc. The products are used in engineering plastics and compounds and are cost-effective replacements for polymers.

The company started its facility at Ahmedabad to manufacture plastic masterbatches with 600 MT productions per annum in the year 1992. Today, it has achieved production of color masterbatches and filler masterbatches of 12,000 MT and 25,000 MT respectively.

Deep Polymer’s total revenues, as restated for the year ended March 31, 2018, is Rs. 4,110.09 Lakh. The

The company’s restated net profit after tax for the year ending March 31, 2018, is Rs. 214.73 Lakh.

 

Object of the Issue:

 

The Offer includes a fresh Issue of 13,60,000 Equity Shares and an offer for sale of 24,50,000 Equity Shares. The Company proposes to utilize the funds raised through the fresh issue to meet-

  1. Working capital requirement;
  2. Issue Expenses; and
  3. General corporate purpose

 

Financial Highlights :

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2,904.30 3,009.04 2,539.78 2,637.90 2,321.31
Total Revenue 4,110.09 4,274.43 3,600.85 4,113.89 3,473.07
Profit After Tax 214.73 128.02 (35.41) 67.05 (36.06)

 

Company Promoters:

The promoter of the company is Rameshbhai Bhimjibhai Patel. He holds 33,00,000 Equity Shares constituting 31.39% of the Pre Offer Capital.

 

Contact Company Information:

Deep Polymers Limited

Block No. 727B/H, Bhavi Industries

Rakanpur (Santej), Tal Kalol,

D Gandhinagar- 380 060

Phone: +91-2764-286032

Email: info@deeppolymer.in

Website: http://www.deeppolymer.in/

For Beeline Assistance:  Contact Here

 

Ongoing SME IPO_Saketh Exim Limited IPO

Saketh Exim Limited IPO

Issue Analysis :

Issue opens Aug 1, 2018
Issue Closes Aug 3, 2018
Issue Price Rs 69
Lot Size 2000
Issue Size 9.44 Cr
Lead Manager ARYAMAN FINANCIAL SERVICES LIMITED
Registrar BIGSHARE SERVICES PVT. LTD
Platform NSE

Company’s Snapshot :

Incorporated in 2010, Mumbai based Saketh Exim Limited is a company engaged in the business of manufacturing and fabricating of a wide range of steel products used in Pipe Support Systems, HVAC Systems, Anti-vibration System and Equipment for Industrial, Commercial, Utility and OEM Installations.

The company manufactures engineering products, metal and base metal products like bolts, clamps, G. I. nuts and hangers etc. Its product portfolio also includes all types of bathroom accessories, bathroom pipes, fittings and sanitary wares.

The Company is also engaged in trading of textile products like fancy shirtings and finish fabrics.

Saketh Exim has 3 manufacturing units located at Vasai.

For six months period ending September 30, 2017, Manufacturing contributed 46.26% while Trading contributed 53.74% to the revenue of the company.

The revenue from operations for the financial year ending 2014-15, 2015-16 and 2016-17 are Rs 3,748.30 lakhs, Rs

4,668.77 lakhs and Rs 5,132.56 lakhs respectively.

The Net profit after tax for the company shows an increase of 91.07% and 24.06% respectively over the 3 years.

The company has 37 employees on its payroll.

 

Object of the Issue:

The Issue comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder.

The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholder.

The objects of the Fresh Issue are to raise funds for:

  • Funding Long-Term Working Capital Requirements and
  • Funding Expenditure for General Corporate Purposes

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,717.27 2,445.78 1,562.01 1,812.55 1,550.80 842.20
Total Revenue 6,199.76 5,140.47 4,672.11 3,749.45 3,321.15 1,930.61
Profit After Tax 107.12 95.55 77.02 40.31 13.31 13.87

 

Company Promoters:

The promoters of the company are:
1. Mr. Sanjay J Patel (Individual Promoter)
2. Mrs. Smita S Patel (Individual Promoter)
3. Mrs. Taruna P Patel(Individual Promoter)
4. Mrs. Fatema S Kachwala (Individual Promoter)

 

Contact Company Information:

Saketh Exim Limited

Plot No- PAP D-146/147
TTC MIDC, Turbhe,
Navi Mumbai – 400705
Phone: +91 22 2762 0641/42/43
Fax: : +91 22 2762 0623
Email: info@sakethexim.com
Website: http://www.sakethexim.com

For Beeline Assistance:  Contact Here

Upcoming SME IPO_Salebhai Internet Limited IPO

 

Salebhai Internet Limited IPO

Issue Analysis :

Issue opens July 27, 2018
Issue Closes August 02, 2018
Issue Price Rs 105
Lot Size 1200
Issue Size 23.73 Cr
Lead Manager MONARCH NETWORTH CAPITAL LIMITED
Registrar Skyline Financial Services Private Ltd
Platform BSE

Company’s Snapshot :

Incorporated in 2015, Ahmedabad based Salebhai Internet Limited is a company engaged in e-commerce. The company runs a portal, salebhai.com to offer people living abroad to order specialties from their hometowns.

The company offers a range of products including sweets, bakery, beverages, spices, dry fruits, namkeen, chocolates, and pickles. Customers can also purchase handicrafts, handloom goods, paintings, puja items, and herbal & wellness items on its website.

Salebhai plans to penetrate into smaller town to further deepen its offerings to customers and widen its offering by adding new product categories which are missed by people. It plans to add another 400 sellers by the end of 2018.

As of March 2017, the company has 22% of its buyers who have ordered at least twice from the website and 19% buyers with more than five orders.

The company has 31 permanent employees on its payroll.

 

Object of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects in the following manner:
1. Operating Expenditure- Rs 542.98 Lakhs
2. Customer Acquisition- Rs 750.00 Lakhs
3. IT Development- Rs 500.00 Lakhs
4. General Corporate Purpose- Rs 509.60 Lakhs
5. Brand Building & Promotion- Rs 20.00 Lakhs
6. Issue Expense- Rs 50.00 Lakhs

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Jan-18 31-Mar-17 31-Mar-16
Total Assets 664.03 97.05 10.57
Total Revenue 113.29 46.02 3.70
Profit After Tax (159.87) (288.11) (111.19)

 

Company Promoters:

The promoters of the company are-

  1. Vishwavijay Singh
    2. Anandprakash Varani
    3. Purba Kalita

The Promoters jointly hold 33,40,150 Equity Shares aggregating to 53.52 % of pre-issue Equity Share Capital
of the Company.

Contact Company Information:

Salebhai Internet Limited
307-A,C/o Safal Pegashis, Opp. Kiran Motors,
100ft Road, Opp: Rivera Bunglows, Prahalad Nagar
Vejalpur Ahmedabad Gujarat – 380015
Phone: 079 – 4899 9917
Email: compliance@salebhai.com
Website: http://www.salebhai.com/

For Beeline Assistance:  Contact Here

 

Upcoming SME IPO_Ushanti Colour Chem Limited

 

Ushanti Colour Chem Limited IPO

Issue Analysis :

Issue opens July 23, 2018
Issue Closes July 25, 2018
Issue Price Rs 57-60
Lot Size 2000
Issue Size 11.56 Cr
Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar Bigshare Services Pvt. Ltd
Platform NSE

Company’s Snapshot :

Incorporated in 1993, Gujarat based Ushanti Colour Chem Limited is a company engaged in the business of manufacturing and trading of Dyestuffs.

The Company manufactures Reactive and Direct Dyestuffs also known as Synthetic Organic Dyes. It also manufactures Copper Phthalocyanine, Blue Crude which is used for manufacturing of Dyestuffs. The pigment and dyestuffs cater to the raw material requirement of various industries including wool, ink, wood, leather, nylon, paper, textile, garment, cotton, plastic and paint etc.

The company has 3 manufacturing facilities, spread over 2,739 sq. meters, located at Vatva GIDC in Gujarat. It also has its own Ice generation machinery. It recovers Ammonium Carbonate which is reused in the plant as well as sold to the Soda Ash Industry reducing wastage providing the company with incremental revenue.

The Monthly Production capacity of the company increased from 5 MT in 1990 to 300 MT now. With the new capacity addition, production will be 1350MT.

With land of 3000sq. mt, at Vatwa & 75000sq. mt land at Saykha, the company’s enterprise value is around Rs 45-50 crore.

Ushanti generates around 41% of its revenue from the Domestic market while the rest 59% is generated from its export operations.

Ushanti offers its products through traders. The manufactured dyes are sold as per the orders received by parties either directly from manufacturers or traders.

New Project Features

Expansion Phase I & II : Turquoise Blue Dyestu, Pigments & Intermediates

  1. Highly Profitable.
  2. For Backward Integration Project, no pressure to sell & not much working capital

required.

  1. China has almost stopped production of Intermediates and Dyestuffs
  2. With production of Intermediates with Dyestus/Pigments, Ushanti will be extremely

competitive in “Turquoises”

 

Phase III : (other products)

  1. Phase I & II projects’ production will stabilize by 2020-21. Phase III of the project, for other products, will be started thereafter.
  2. Funding for Phase III will be through an FPO of Rs 100 crores approx. after migration to the main board.

Other Features

  1. Vertical expansion: All plants will have Dyestu /Pigment units with their intermediates to ensure cost competitiveness.
  2. Scale: Huge economies of scale with plant size 5-10 times the size of its Vatwa Plants

Strengths of the company-

  1. Over 50 years of experience, manufacturing since 1979
  2. Consistent profits with PAT of Rs. 2.38 Cr in 2017-18
  3. Operates in a niche market for Turquoise Blue. There are very few plants worldwide producing Turquoise Blue. Even fewer plants with their own intermediates. The company’s expansion plan is focussed on Turquoise Blue Dyestu/Pigments with Backward Integration Plants.
  4. Good cost reduction plans on Energy and Pollution treatment. Only CNG is allowed in Vatwa while all fuels allowed in Saykha would result in a 50% reduction in energy costs. The company plans to leverage its huge land available resources and enable conversion of waste to reusable products thus reducing costs on pollution treatment.
  5. Part of Sunrise Industry. The shifting of production of dyestuff/pigment from China to India has had a huge bearing on turnover and profits for the industry.

 

Object of the Issue:

The objects of the Issue are:

 

  1. Setting up of Dyestuff, Pigment, Intermediate Manufacturing facility at Saykha
  2. Prepayment of installments on land taken at Saykha, GIDC & repayment of Secured

Bridge Loan taken from Banks for acquiring land for the new project

  1. General Corporate Purpose

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 2,702.27 2,273.94 2,238.70 2,022.31 1,889.78 1315.76
Total Revenue 2742.60 2,962.10 2,511.31 2,970.96 3,541.98 2,414.66
Profit After Tax 245.00 137.78 37.97 28.36 222.00 51.01

 

Company Promoters:

The Company is promoted by Maunal Gandhi and Minku Gandhi. The promoters hold, in aggregate 27,02,854 Equity Shares representing 50.28% of the pre-issue paid up Capital of the Company.

 

Contact Company Information:

Ushanti Colour Chem Limited

88/6, 88/7, 88/8,
Phase – 1, GIDC,
Vatwa, Ahmedabad – 382445
Phone: 079-25833315
Email: admin@ushanti.com
Website: http://ushanti.com/

For Beeline Assistance:  Contact Here

 

Ongoing SME IPO_Supershakti Metaliks Limited IPO

 Supershakti Metaliks Limited IPO

Issue Analysis :

Issue opens July 17, 2018
Issue Closes July 20, 2018
Issue Price Rs 375
Lot Size 300
Issue Size 60.01 Cr
Lead Manager Aryaman Financial Services limited
Registrar Bigshare Services Pvt. Ltd
Platform BSE

Company’s Snapshot :

Incorporated in 2012, Kolkata based Supershakti Metaliks Limited is a company engaged in the business of providing diversified products of steel. The company forms part of Sai Group which has carved itself into a well-known group and established it’s goodwill in the iron and steel manufacturing industry. The company’s manufacturing plant is located in Durgapur.

The Company enjoys a wide product range with diverse applications across downstream sectors. It possesses multiple manufacturing processes within the Plant with the ability to address customer orders with shrinking turnaround time. The Company has the widest range of products enabling it to cater to a wide spectrum of applications across the industries and balancing it out from market volatilities.

The company has 376 employees on its payroll.

Object of the Issue:

The Issue comprises of a Fresh Issue and an Offer for Sale by the Promoters.
The Company will not receive any proceeds of the Offer for Sale by the Promoters and Promoter Group Selling
Shareholders.
The objectives of the fresh issue are:
(a) Working Capital Requirements;
(b) Funding expenditure for General Corporate Purposes

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 11,902.75 16,699.84 16,699.84 0.68 0.80
Total Revenue 36,008.73 30,102.41 24,566.87
Profit After Tax 1,238.08 57.84 71.85 (0.12) (0.12)

 

Company Promoters:

The promoters of the company are:
1. Mr. Dilipp Agarwal (Individual Promoter)
2. Mr. Deepak Agarwal (Individual Promoter)
3. Veerbhadra Sales Private Limited (Corporate Promoter)
4. Khandelwal Finance Private Limited (Corporate Promoter)

The Promoters hold (in aggregate) 12,54,536 Equity Shares, representing up to 25.28% of the issued, subscribed and paid-up Equity Share capital of the Company.

Contact Company Information:

Supershakti Metaliks Limited
39, Shakespeare Sarani,
3rd Floor, Kolkata
West Bengal – 700017
Phone: +91 33 2289 2734/35
Fax: +91 33 2289 2736
Email: info@ssml.in
Website: http://www.supershaktimetaliks.com/

For Beeline Assistance:  Contact Here