Ongoing SME IPO_Sonam Clock Limited IPO

Sonam Clock Limited IPO

Issue Analysis

Issue opens June 1, 2018
Issue Closes June 6, 2018
Issue Price 36
Lot Size 3000
Issue Size 10.11 Cr
Lead Manager Hem Securities Limited
Registrar Bigshare Services Pvt. Ltd
Platform NSE

Company’s Snapshot

Incorporated in 2001, Gujarat based Sonam Clock Limited is a company engaged in clock manufacturing. The company offers a wide range of table and wall clocks at various price points across the budget, mid-level and premium styles. As on February’18, it is offering LED digital clocks, LCD clocks, light sensor clocks, pendulum clocks, musical clocks, rotating pendulum musical clocks, sweep clocks, office clocks, designer clocks, alarm clocks, table clocks and regular clocks.

Sonam also offers customized corporate clocks in bulk quantities for corporate gifting purpose. The products are sold mainly to clock dealers, retailers, corporates, gifts and novelties stores, through which it reaches to the end-consumers. The products are sold under the brand name of Sonam, ampm, and Lotus. In F.Y. 2016-17, the net revenue from operations comprised of Rs. 3792.85 lakhs of with approximately 40% comprised of export sales to Middle – East countries such as Dubai and Iraq. The company’s Manufacturing facility is located in Morbi, Gujarat and has at present installed production capacity of approximately 72 lakhs p.a. for clocks and 240 lakhs p.a. for clock movements. It is also engaged in the sale of clock parts which includes clock movements, clock cases etc.

The Company has employed 304 permanent full-time employees (including senior Management) at various levels of the Organization.

Object of the Issue

The objects of the Issue are-

  1. Funding the Working Capital Requirements of the Company
    2. Repayment of Unsecured Loan availed by the Company
    3. General Corporate Expenses
    4. Issue Expenses

Financial Highlights

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,493.92 3,416.94 2,852.49 3,007.50 2,713.59
Total Revenue 3,903.16 3,682.35 3,405.67 3,355.35 3,371.47
Profit After Tax 80.70 268.11 40.99 57.52 45.53

 

Company Promoters:

The Promoters of the Company are Mr. Jayeshbhai Chhabildas Shah and Mrs. Deepaben Jayeshbhai Shah. Mr. Jayeshbhai Chhabildas Shah holds 62,39,200 Equity Shares and Mrs. Deepaben Jayeshbhai Shah holds 4,80,000 Equity Shares of the Company. They will continue to hold the majority of the post-issue paid-up equity share capital of the Company.

 

Contact Company Information:

Sonam Clock Limited
: Survey No. 337/p, Morbi Rajkot Highway
Village Lajai, Taluka Tankara,
District Morbi – Gujarat – 363641, India
Phone: +91-2822-285017
Fax: +91 2822 285987
Email: info@sonamquartz.com
Website: http://www.sonamquartz.com/

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Ongoing SME IPO_Waa Solar Limited IPO

Waa Solar Limited IPO

Issue Analysis

Issue opens May 31, 2018
Issue Closes June 4, 2018
Issue Price 161
Lot Size 800
Issue Size 28.18 Cr
Lead Manager Guiness Corporate Advisors Pvt Ltd
Registrar Bigshare Services Pvt. Ltd
Platform BSE

Company’s Snapshot

Incorporated in 2009, Gujarat based Waa Solar Limited is a company engaged in solar power generation by setting up Solar Power Project and by investing in Special Purpose Vehicle (“SPV”) associate and subsidiaries companies which are engaged in solar power generation activities.

In 2010, Gujarat Urja Vikas Nigam Limited (“GUVNL”) has awarded the company the work of setting up of Solar Photovoltaic Grid Interactive Power Plant of 10MW capacity at village Nayka, Taluka-Sami, District Patan, to produce the Electric Energy and for sale of entire electrical energy, so produced, for commercial purpose from such project to GUVNL for a tenure of 25 years. GUVNL has entered into Power Purchase Agreement (“PPA”) and agreed to purchase such power through distribution companies (“Discom”).

In 2013, Airport Authority of India, has entered into PPA with the company for setting up a solar power plant of 100 KWP at Raja Bhoj Airport, Bhopal on Built, Own and Operate (“BOO”) basis for a tenure of 25 years.

 

Object of the Issue

The present Public Issue of 20,00,000 Equity Shares includes a Fresh Issue of 17,50,000 Equity shares and an offer for sale by the Selling Shareholder of 2,50,000 equity shares at an issue price of ` 161 per Equity Share.

The Offer for Sale: The Company will not receive any proceeds from the Offer for Sale.
Fresh Issue: The objects of the Issue are:

  1. Investment in Subsidiary Companies
  2. General Corporate Purpose,
  3. Meeting Public Issue Expenses.

 

Financial Highlights

 

Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 20,018.99 19,806.98 21,882.07 18,113.28 15,908.92
Total Revenue 2,607.24 4,689.97 5,426.30 2,900.85 2,773.49
Profit After Tax 427.50 633.98 1,152.70 538.07 828.28

 

 

Company Promoters:

The promoter of the company is Madhav Power Private Limited. Madhav Power Private Limited (“MPPL”) holds 34,19,982 Equity Shares of our Company constituting 70.03% and 51.56 % of pre-issue paid-up capital and post issue paid-up capital respectively.

 

Contact Company Information:

Waa Solar Limited
Madhav House,
Nr. Panchratna Building,
Subhanpura, Vadodara, Gujarat -390023
Phone: 0265 -2290722
Fax:
Email: info@waasolar.org
Website: http://www.waasolar.org/

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Ongoing SME IPO_ Palm Jewels Limited IPO

Palm Jewels Limited IPO

 

Issue Analysis :

Issue opens May 25, 2018
Issue Closes Jun 4, 2018
Issue Price Rs 30
Lot Size 4000
Issue Size 8.90 Cr
Lead Manager FIRST OVERSEAS CAPITAL LIMITED
Registrar KARVY COMPUTERSHARE PRIVATE LIMITED
Platform BSE

 

Company’s Snapshot :

Incorporated in 2005, Gujarat based Palm Jewels Limited is a company engaged in the wholesale business of gold jewelry. The company sells gold based chains, bracelets, and necklaces. It outsources the manufacturing of the jewelry through job workers based in Ahmedabad and Mumbai. The major raw material used for making the products is gold & silver. Gold bars and other necessary material are provided to the job workers who are based either in Ahmedabad and Mumbai.

The finished jewelry is sold by the company’s marketing and sales team directly to other jewelry stores. The jewelry is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy. Some of the major customers include M/s. Zaverat, Mehta Ornaments Private Limited, Shah Chinubhai Ramniklal Co., and Shubhlaxmi Jewellers, etc.

Palm Jewels currently has 11 employees on its payroll.

 

Object of the Issue :

The Objects of the Issue are-

  1. To meet the working capital requirement; and
  2. To meet the expenses of the Issue

 

Financial Highlights :

 

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 163.08 36.62 35.93 34.87 33.54
Total Revenue 552.38 157.48 97.91 41.63 118.89
Profit After Tax 1.54 0.53 (0.35) 0.19 0.14

 

Company Promoters:

The Promoters of the Company are Mr. Rohit D. Shah and Mr. Chetna R. Shah. They together hold 42,00,767 Equity Shares having a face value of Rs. 10 per share and representing 95.15% of the pre-issue Paid-up Capital of the Company.

 

Contact Company Information:

Palm Jewels Limited
G.F-37, Super Mall
Nr. Diamond, C. O. Hou. Soc. Ltd, Nr. Lal Bunglow
C. G. Road, Ahmedabad – 380001, Gujarat, India
Phone: +91 79 40052056
Email: compliance.pjl@gmail.com
Website: http://www.palmjewels.com

 

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Ongoing SME IPO_Sorich Foils Limited IPO

Sorich Foils Limited IPO

Issue Analysis :

Issue opens May 24, 2018
Issue Closes May 28, 2018
Issue Price Rs 16
Lot Size 8000
Issue Size 4.00 Cr
Lead Manager SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
Registrar LINK INTIME INDIA PRIVATE LTD
Platform NSE

Company’s Snapshot :

Incorporated in 2011, Gujarat based Sorich Foils Private Limited is a company engaged in manufacturing and supplying a varied range of Aluminium Foils for Blister, Strip Foils, Cold Forming Foil, Coated Glassine Paper for Blister, Laminated Glassine Paper for Strip Pack, Child Resistant (CR) Foils, Aluminium Lid Foils, Triple Laminates, Flexible Packaging for Pharma & Food Industries, also FMCG packaging materials. These products are widely applicable in different industries such as Pharmaceutical Industries, FMCG packaging, Food and dairy industries, Confectionery / Chocolate industries & Personal Care Packaging.

The manufacturing facilities of the Company is currently located in Valsad, Gujrat. The company has 38 employees on its payroll.

Object of the Issue :

The Object of the Issue is

  1. Part Repayment/prepayment of Unsecured Loans availed by the Company; and
  2. General corporate purposes.

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 1,599.39 1,663.38 1,528.47 959.68 956.16
Total Revenue 2,659.08 2,689.88 2,506.66 2,285.93 1,963.30
Profit After Tax 32.85 18.86 22.48 20.37 23.96

 

Company Promoters:

The company is promoted by Chandrahas Kotian. He currently holds 27,48,024 Equity Shares, constituting 47.11% of the pre – Issue issued, subscribed and paid-up equity share capital of the Company.

 

Contact Company Information:

Sorich Foils Limited
Plot No. 4802/1, Plastic Zone
GIDC, Sarigam, Tal: Umbergaon,
Dist: Valsad, Gujrat-396155
Phone: +91 260 2780670
Email: cs@sorichfoils.in
Website: http://www.sorichfoils.in

 

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Ongoing SME IPO_Debock Sales and Marketing Ltd IPO

Debock Sales and Marketing Ltd IPO

Issue Analysis :

Issue opens May 24, 2018
Issue Closes May 28, 2018
Issue Price Rs 20
Lot Size 6000
Issue Size 4.44 Cr
Lead Manager GRETEX CORPORATE SERVICES PVT LTD
Registrar CAMEO CORPORATE SERVICES LTD.
Platform NSE

Company’s Snapshot :

Incorporated in 2008, Debock Sales and Marketing Limited is engaged in manufacturing and trading of large range of agricultural equipment and in hospitality services. Company’s product range includes Tractor Trolley, Agricultural Thresher, Mould Board Ploughs, Mounted Disc Ploughs, Tillers, Tanker, Combine Machine, Seed Drill Machine, Mounted Disc Harrows, Tractor Cultivators, Chaff Cutters etc.

Company commenced its business in hospitality services by opening a class hotel (Hotel Debock Inn) in July 2015 at Deoli in Tonk District on NH -12 in July 2015. In this regard the Company entered into a MOU with Rajasthan Government.

 

Object of the Issue :

The Object of the Issue is

  1. To Meet the working capital requirement

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,007.36 2,096.70 1,082.99 418.02 40.68
Total Revenue 1,614.76 1,026.68 408.98 10.08 3.30
Profit After Tax 51.05 (2.23) 2.46 2.31 1.97

 

Company Promoters:

Company is promoted by Mukesh Manveer Singh.

 

Contact Company Information:

Debock Sales and Marketing Ltd
51, Lohiya Colony,
200 ft Bye Pass,
Vaishali Nagar, Jaipur – 302021
Phone: +0141-2358654
Email: cs@debockgroup.com
Website: http://www.debockgroup.com

 

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Ongoing SME IPO_Affordable Robotic & Automation Limited IPO

Affordable Robotic & Automation Limited IPO

Issue Analysis :

 

Issue opens May 24, 2018
Issue Closes May 28, 2018
Issue Price Rs 83 – Rs 85
Lot Size 1600
Issue Size 31.17 Cr
Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar LINK INTIME INDIA PRIVATE LTD
Platform BSE

Company’s Snapshot :

Incorporated in 2010, Pune based Affordable Robotic & Automation Limited is a company engaged in the business of providing turnkey automation solution to automotive, semi-automotive and manufacturing industries.

The Company programs and automates the functions of machines used in manufacturing process of the automobile industry. The Assembly facility of the Company is situated at Pune, Maharashtra along with the Head office, covering an area of 8,442 sq. meters.

The Company is also in the business of assembling and installing automatic multilevel car parking system. This system is preferred by residential complexes, shopping malls, and commercial buildings. It has a presence in Mumbai and Pune in automated car-parking business. Further, in FY 2017-18, the Company has set-up a new line of business, Secondary Packaging, which is aimed at FMCG industries by way of providing automation service in container packaging of the final packed product.

Object of the Issue :

The Objects of the Issue are-

  1. Purchase of New Plant and Machinery;
  2. Repayment of certain Long-Term Borrowings availed by the Company;
  3. Funding the Working Capital requirements of the Company; and
  4. General Corporate Purposes

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 5,390.96 3,239.97 2,285.85 1,670.49 916.22
Total Revenue 4,039.43 4,709.13 2,595.45 2,423.29 1,727.28
Profit After Tax 395.63 122.04 14.07 81.20 43.35

 

Company Promoters:

The Promoters of the Company are Milind Padole and Manohar Padole. The Promoters hold 62,49,500 Equity Shares representing 96.18% of the pre-issue Paid-up Capital of the Company.

 

Contact Company Information:

Affordable Robotic & Automation Limited
Village Wadki
Gat No. 1209
Taluka Haveli, Dist. Pune – 412308
Phone: +91-7720018914
Email: info@arapl.co.in
Website: http://www.arapl.co.in

 

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Upcoming SME IPO_ Arihant Institute Limited IPO

Arihant Institute Limited IPO

Issue Analysis :

Issue opens May 23, 2018
Issue Closes May 28, 2018
Issue Price 30
Lot Size 4000
Issue Size 7.50 Cr
Lead Manager MONARCH NETWORTH CAPITAL LIMITED
Registrar Karvy Computershare Private Limited
Platform BSE

Company’s Snapshot :

Incorporated in the year 2007, Gujarat based Arihant Institute Limited is a company engaged in providing coaching & educational guidance for students appearing for professional courses – Chartered Accountant, Company Secretary, and CMA. It provides the coaching and guidance from Entry level test exam till final exam and covers all the subjects in depth with test series to improve their confidence and overall result.

The Company operates the educational program and coaching under the Brand Name ―Arihant Institute since inception. With dedicated professors and trained staff, it has given education to more than 10000 students appeared for professional & Graduates exam. The company’s student strength has improved and with dedicated efforts of the promoters, from the institute, there were 205 National Rankers in CA Inters and Final Courses, 2000+ Chartered Accountant and 175+ Company Secretary.

Arihant premises spread over 9,500 sq. feet which include 8 air-conditioned classrooms, well-equipped library, canteen, staff room, 2 studios, backup lab, conference room and large administrative blocks. The company has 23 employees on its payroll.

Object of the Issue :

The Objects of the Issue are-

1.Training Centre Expansion
2.Technical Infrastructure -Servers & Studio, Portal and Content Development
4.Branding and Marketing
5.Corporate Office Restructuring
6.General corporate purpose
7.IPO related expense

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 586.93 575.03 729.55 666.60 597.24
Total Revenue 169.20 864.20 385.50 609.96 864.20
Profit After Tax 112.74 (14.45) 3.79 (146.26) 16.48

 

Company Promoters:

The Promoter of the Company are Mr. Sandip Vinodray Kamdar, Mr. Vinodray Keshavlal Kamdar, Mrs. Maduben Vinodray Kamdar, and Mrs. Anjali Sandipbhai Kamdar.

 

Contact Company Information:

Arihant Institute Limited
2, Navinpark Society
Sardar Patel Colony Road
Naranpura, Ahmedabad – 380 013
Phone: 079- 27683113
Email: cs@arihantinstitute.com
Website: http://www.arihantinstitute.com

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Upcoming SME IPO_ Nakoda Group of Industries Limited

 Nakoda Group of Industries Limited

IPO Issue Analysis :

Issue opens May 23, 2018
Issue Closes May 29, 2018
Issue Price 35
Lot Size 4000
Issue Size 6.48 Cr
Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar Bigshare Services Pvt. Ltd
Platform BSE

Company’s Snapshot :

Incorporated in the year 2013, Nagpur, Maharastra based Nakoda Group of Industries Limited is engaged in manufacturing of tutti fruity (Diced Chelory) also called as ―Papaya Preserve and canned fruit cubes which comes under the category of bakery products. The company is also engaged in the processing of almonds and trading of sesame seeds, clove, cut peel murabba, karonda, daalchini and toor daal.

As on March 2017, the company’s revenue from almond processing consists of 45.93%, manufacturing of tutti fruity consists of 23.92% and from trading consist of 30.14%. Out of the total revenue generated from manufacturing of Tutti Fruity i.e. 553.58 lakhs, 61.36% is generated from Exporting to London, Malaysia, Dubai, Saudi Arab and 38.64% is from the domestic sale.

On 18 July 2016, Nakoda Group of Industries Limited took over the running business of M/s. Navkar Processors the sole proprietorship concern of the promoter Pravin Choudhary and subsequently the business of this proprietorship concern was merged into the Company. The manufacturing units of the company is located in Nagpur.

The company has 16 employees at the Registered Office and Manufacturing Unit.

Object of the Issue :

The objects of the issue are-

  1. Purchase of Plant and Machinery
    2. Working Capital Requirement
    3. 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
Total Assets 3,415.44 2,784.96 57.95 1.60 1.70
Total Revenue 4,394.75 2,378.62
Profit After Tax 99.48 48.24 (0.12)

Company Promoters:

The promoters of the Company are Pravin Chaudary and Jayesh Chaudary. They hold, in aggregate 42,99,500 Equity Shares representing 85.99% of the pre-issue paid up Capital of the Company.

Contact Company Information:

Nakoda Group of Industries Limited
239,
Bagad Ganj,
Nagpur 440008
Phone: +91 0712 2778824
Fax:
Email: info@nakodas.com
Website: http://www.nakodas.com

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Upcoming SME IPO_ Shree Vasu Logistics Limited IPO

Shree Vasu Logistics Limited IPO

Issue Analysis :

Issue opens May 23, 2018
Issue Closes May 25, 2018
Issue Price 45
Lot Size 3000
Issue Size 9.29 Cr
Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar Bigshare Services Pvt. Ltd
Platform NSE

Company’s Snapshot :

Incorporated in 2007, Chattisgarh based Shree Vasu Logistics Limited is a company engaged in providing various logistic services such as acting as Carrying and Forwarding Agent, Warehousing and Inventory Management and Distribution Management through Secondary Transportation.

Shree Vasu has positioned itself as a third party Logistics Services Provider (LSP). It operates the business mainly through carrying and forwarding agent model in the domestic market. At present, it is serving diverse industries like FMCG, Automotives, food, Electronics, Industrial Equipments and Electricals, Lifestyle Products etc.

The company has 366 employees on its payroll.

Object of the Issue :

The Objects of the Issue are-

  1. Funding the working capital requirements of the Company
    2. General corporate purposes.

Financial Highlights :

Summary of financial Information (Restated)  
Particulars For the year/period ended (in Rs. Lakhs)  
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 2729.54 2549.22 2335.31 1932.10 1746.98
Total Revenue 2769.19 2302.46 2178.03 1806.21 1642.76
Profit After Tax 78.69 75.62 66.18 52.66 39.72

 

Company Promoters:

The promoters of the Company are Atul Garg and Shree Bhushan Garg. They hold, in aggregate, 50,04,000 Equity Shares representing 89.68% of the pre-issue paid up Capital of the Company.

Contact Company Information:

Shree Vasu Logistics Limited
Logistics Park
Opp. Jaika Automobiles
Ring Road No. 1 Raipur 492001
Phone: 0771-6614848
Fax:
Email: cs@logisticpark.biz
Website: http://www.shreevasulogistics.com

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Upcoming SME IPO_ Latteys Industries Limited IPO

Latteys Industries Limited IPO

Issue Analysis : 

Issue opens May 23, 2018
Issue Closes May 28, 2018
Issue Price 66
Lot Size 2000
Issue Size 8.06 Cr
Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar Link Intime India Private Ltd
Platform NSE

Company’s Snapshot :

Incorporated in 2013, Gujarat based Latteys Industries Limited is a company engaged in the business of manufacturing of pumping solutions for homes, agriculture & industrial sectors. Pumps include Submersible, Self-Priming, Centrifugal, Shallow and Horizontal Pumps. The Company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by Domestic and Industrial sectors.

Latteys Industries started manufacturing in the year 2004 in Chatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in the year 2011. The Company currently has an installed production capacity of 1,59,500 pumps p.a. It has 76 employees at its manufacturing facility and registered office.

Object of the Issue :

The Objects of the Issue are-

  1. Funding the working capital requirements of the Company
  2. General corporate purposes.

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2611.95 2014.35 1466.07 1255.35
Total Revenue 3577.44 2605.11 2153.37 1855.66
Profit After Tax 55.62 31.09 13.98 14.09

Company Promoters:

The promoters of the Company are Kapoor Chand Garg and Pawan Garg. The promoter holds, in aggregate 31,03,760 Equity Shares representing 91.89 % of the pre-issue paid up Capital of the Company.

Contact Company Information:

Latteys Industries Limited
Plot No. 16
Phase- 1/2, GIDC Estate
Naroda Ahmadabad Gujarat 382330
Phone: 079-22823354
Fax:
Email: info@latteysindustries.com
Website: http://www.latteysindustries.com

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