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

For Beeline Assistance:  Contact Here

 

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

For Beeline Assistance:  Contact Here

 

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

For Beeline Assistance:  Contact Here

 

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

For Beeline Assistance:  Contact Here

 

Upcoming SME IPO_ Suumaya Lifestyle Limited IPO

Suumaya Lifestyle Limited IPO

 

Issue Analysis :

Issue opens May 22, 2018
Issue Closes May 25, 2018
Issue Price 18
Lot Size 8000
Issue Size 3.40 Cr
Lead Manager Gretex Corporate Services Pvt Ltd
Registrar Bigshare Services Pvt. Ltd
Platform NSE

Company’s Snapshot :

Incorporated in the year 2011, Suumaya Lifestyle Limited is a company engaged in the manufacturing of designer wear of women like Kurtis, ethnic tops, salwar suits etc.

The company has its own design and production house with expertise and dedicated team. It markets products under the brand name “ekka”, “ira” and “tag 9”. Suumaya serves its customers through retail as well as wholesale. The company has 18 employees on its payroll.

Object of the Issue :

The Offer consists of a fresh issue of 18,88,000 Equity Shares and an offer for sale of up to 58,00,000 Equity Shares of the Company aggregating to `1383.84 Lakh by the Selling Shareholder. The Company will not receive any proceeds from the Offer for Sale. The Selling Shareholder will be entitled to the proceeds of the Offer for Sale of their respective portions of the Offered Shares, respectively net of their proportion of Offer related expenses.

The Objects of the Fresh Issue is funding working capital requirements.

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 3,319.14 2,716.2 3,107.12 2,201.07 1,155.37
Total Revenue 21,205.77 9,053.11 3,715.78 1,547.08 0.65
Profit After Tax 44.91 31.77 4.98 11.87 (1.41)

 

Company Promoters :

The promoters of the Company are Ms. Ishita Mahesh Gala and Indiacredit Risk Management LLP. Indiacredit Risk Management LLP is engaged in activities auxiliary to financial intermediation. The designated Partners of Indiacredit Risk Management LLP are-

  1. Amisha Sanjay Shah
  2. Ushik Mahesh Gala

 

Contact Company Information :

Suumaya Lifestyle Limited
Gala No.5F/D, Malad Industrial Units
Coop Soc Ltd, Kachpada, Ramchandra Lane Extension
Malad (W), Mumbai – 400 064
Phone: 022-49712096
Email: info@suumayalifestyle.com
Website: http://www.suumayalifestyle.com/

For Beeline Assistance:  Contact Here

 

Morning Business News Round Up_May 21, 2018

  •   Ultra Tech to acquire Century Textiles’ cement business
  •   Sebi to consider penal action against PNB, Gitanjali
  •   US, China putting trade war on hold: Mnuchin
  •   Independent director quits Fortis board
  •   Jaiprakash Associates to appeal against NCLT order
  •  Related image Petrol, diesel prices hit new lifetime highs
  •   Adani set to make big-ticket entry into e-bus production, eyes tie-up with Taiwan firm
  •   Problem in bond market is root cause of banking sector crisis: CAG
  •   Talks with Putin will strengthen India’s strategic plan with Russia: Modi
  •   Govt expects banks to get back over Rs 1 trn with resolution of 12 big NPAs
  •   Wilful defaults by PNB’s big borrowers slip further to Rs 152 bn by Apr-end
  •   Growth road map clear for Ashok Ley as Q4 profit rises 40%
  •   L&T to make rocket engines at its Coimbatore facility
  •   Climate change cutting of 1.5% of GDP, says Vice-President
  •   Navy gets fuel barge from Titagarh ahead of time
  •   HCC venture set to bag part of Mumbai coastal road project
  •   Tariff battle: India may target US apples, almonds and bikes
  •   China’s Mobike to foray into India in next few weeks
  •   Balrampur Chini posts Rs 42 cr loss in Q4
  •   MTNL may be allocated 4G spectrum: Telecom minister
  •   RIL gets green nod for expansion of petrochemical complex in Maharashtra
  •   Govt may allow data resale in boost to public WiFi plan
  •   Tata Steel-Bhushan Steel deal a sound start to the new bankruptcy framework
  •   Biocon bets on R&D, biosimilars business to boost growth in FY19
  •   Steel, aluminium duties row: India plans to hit back with hike on 20 US products
  •   Walmart, Flipkart deal signals churn in e-grocery
  •   BoI to get Rs 1993 cr from Tata Steel-Bhushan Steel deal
  •   DoT seeks reply from Airtel on Apple Watch eSIM service by May 24
  •   India sixth richest nation with $8,230 billion wealth
  •   GST council asks Centre, states to set up appellate authorities
  •   FinMin begins work on merging insurers, but listing unlikely this FY
  •   Natural rubber prices set to go northward
  •   New and innovative products to conquer F&B sector

Morning Business News Round Up_May 16, 2018

  •   India’s April trade deficit widens to $13.7 billion
  •   Niti Aayog governing council to discuss ‘New India 2022’
  •   Gold imports decline 33%, exports rise 5.2% in April
  •   Request from Indian govt highest after the US: Facebook
  •   NCLT admits Ericsson’s bankruptcy plea against RCom
  •   Aditya Birla Capital’s 2 cos apply to NCLT for merger
  •   Crude oil nears $80 a barrel on Iran sanctions
  •   Bonds, rupee lose big as RBI decides to stay clear
  •   Fraud-hit PNB posts biggest ever quarterly loss of Rs 134.17 billion in Q4
  •   Lupin Q4 net loss at Rs 7.83 bn due to one time write-off
  •   Related imageVodafone India’s FY18 operating profit at Rs 98 bn, data traffic up 4 times
  •   Two independent directors quit IDBI days after FIR in Aircel loan case
  •   Uzbekistan keen to collaborate with Indian textiles, IT firms
  •   Nalco sets revenue from operations target at Rs 9,350 cr
  •   Soaking seeds in selenium reduces arsenic content in rice
  •   Suven Life Q4 net up 56% at Rs 62.5 cr
  •   Resistance caps the upside in MCX Zinc
  •   Monsanto India Q4 profit up 66%
  •   Despite Brexit uncertainties, India-UK trade up 15%
  •   RBI imposes penalty on Cooperative bank
  •   Britannia Industries Q4 profit rises 25% to Rs263 crore
  •   Blackstone unit sells 8% stake in Mphasis for about Rs1,440 crore
  •   Ascendas to buy two office buildings in Navi Mumbai for Rs930 crore
  •   First oil cargo for India’s strategic reserve in Mangaluru sails from UAE
  •   Motorcycle sales outpace scooters’ for third straight month
  •   Forbes honours 100 Gulf-based Indian businessmen; their collective net worth is whopping $26.4 billion
  •   RBI may hike interest rate in next monetary policy meet as inflation rears its ‘ugly’ head
  •   Pay Rs 5 cr more to refund home buyers: SC tells Supertech
  •   India 3rd largest solar market in world behind China and US, says Mercom report
  •   NCLT okays Tata Steel bid for Bhushan Steel
  •    Arcelor parks `7Kcr with SBI for Galva
  •   Google asked to pay tax on advt revenue sent to parent firm
  •   India 3rd largest solar market
  •   Four companies added to MSCI Global Index

Morning Business News Round Up_May 14, 2018

  •   Jio’s latest accusation could land Airtel in a Rs 1,100 crore soup
  •   FPIs pull out $2 bn from mkts in 8 trading sessions
  •   Taxing farm income under consideration of all govts: Niti
  •   Too much trade deficit with US not good: Chinese envoy
  •   RBI may put restrictions on 2 more lenders under PCA
  • Air India, Tel Aviv, Dreamliner aircraft, Benjamin Netanyahu  Air India records 20% growth in revenue
  •   Post QIP, ABG needs to buy 4.9% from Vodafone
  •   Rs 150-bn mega deal inked to enable Indian Army to fight a 30-day war
  •   E-rickshaw tyres to attract 28% GST under Motor Vehicle Act, rules AAR
  •   Equity mutual funds garner Rs 124 bn in April; drive AUM to record Rs 8 trn
  •   India needs 3 million cyber security professionals right now: IBM
  •   Reliance Jio files complaint against Airtel over Apple Watch eSim service
  •   ‘SoS’ sugar cess to fetch Rs.6,700 cr a year
  •   Commerce Min starts work to further revise WPI base year to 2017-18
  •   Govt ‘to link 200 more mandis to eNAM platform this fiscal’
  •   Vijaya Bank tags Reliance Naval as NPA from March quarter
  •   Harley-Davidson’s 3-pronged plan to drive growth
  •   Fortis deal: PEs East Bridge and Jupiter favour bid by Malaysia’s IHH
  •   FBB COO Rajesh Seth says Future Group aims to double its turnover in the next two years
  •   JK Cement Q4 profit more than doubles to Rs96.45 crore
  •   PNB scam: RBI declines to share inspection reports
  •   Oriental Bank of Commerce Q4 loss widens to Rs1,650 crore on rising bad loans
  •   New direct tax code to benefit corporates, IT payers
  •  China’s plans to import Indian drugs fail to enthuse Indian pharmaceutical firms
  •   Artificial Intelligence facing large skills shortage, says Microsoft
  •   CCI approves JSW-led consortium bid to acquire Monnet Ispat
  •   Power Struggle: NTPC’s legacy PPAs keep tariffs high
  •   RBI printing more notes to build cash reserves
  •   New definition, tough steps to tackle shell companies on cards
  •   BSNL ready to compete in market: CMD
  •   Tea planters, firms want rise in farm-gate prices
  •   Castor prices may see recovery on export demand

Morning Business News Round Up_May 11, 2018

  •   Falling Re to take FY19 trade deficit to 4-yr high
  •   Decide on banning import of pet coke: SC to Govt
  •  Image result for PCJ logo PCJ announces share buyback worth Rs 424 cr
  •   Rel Infratel flags desperate need to sale its assets
  •   Jaypee moves SC seeking approval of its resolution plan
  •   York Capital Management ups stake in Fortis to 6.25%
  •   Freeze on fuel prices hike coincidental: IOC chief
  •   RBI adds 3.1 tons of gold to forex reserves in Q4
  •   Walmart-Flipkart deal to hit Indian retail, needs govt scrutiny, says CAIT
  •   Captive coal to cut Nalco’s aluminium cost by 25%
  •   Nestle India Q1 profit rises 36% at Rs 4.24 billion
  •   Indian Bank Q4 profit drops 59% to Rs 1.3 bn on higher NPA      provisioning
  •   RBI could turn to NRI bonds to stifle the crude blow: Report
  •   ‘US sanctions on Iran will not dent India’s exports’
  •   SEBI splits CMD post, raises minimum board strength to 6
  •   IRB Infra arm bags Rs 2,043-cr road project
  •   Titan Q4 net jumps 71% to Rs 304 cr
  •   Zydus Cadila gets USFDA nod for Carbidopa tablets
  •   KKR India to infuse Rs 1,250 cr in Sintex arm
  •   Adani Enterprises Q4 profit declines 17% to Rs181 crore
  •   ABB India’s profit margins, order book betray expectations
  •   Indostar Capital Finance IPO subscribed 69% on Day 2
  •   Union Bank posts Q4 loss of Rs2,583 crore
  •   Ujjivan Financial Q4 profit jumps over 3-fold to Rs65 crore
  •   After Flipkart deal, Walmart to open 50 new stores in India in 4-5 years
  •   Supreme Court spots fund diversion by Amrapali Group, seeks financial details
  •   Jaypee group offers 2,000 shares to home buyers
  •   Apple scraps $1 billion Irish data centre over planning delays
  •   GST, RERA have changed contours of business in real estate, says report
  •   Currency futures trading could be extended to 8 PM
  •  Commercial vehicles take lead over others
  •   NRI Bonds of $30-35B on the way: report
  •   Jignesh Shah moves HC for quashing of CBI probes
  •   Offshoring budgets of US companies down to 5%

Morning Business News Round Up_May 8, 2018

  • US move may spiral into trade war, India tells WTO
  • SBI threatens to pull the plug on insolvent firms
  • ICICI Bank Q4 net halves, provisions more than double
  • Govt mulls time limit for withdrawal of cases under IBC
  • Binani CoC likely to discuss UltraTech bid on May 9
  • Trai issued 26 orders for fines on pesky calls in 2017
  • Latest bid for India’s Fortis more risky: Manipal CEO
  • Related imageCognizant guides for $4-4.04 billion Q2 revenues
  • Insolvency: Promoters submit Rs 10 bn revival plan for Jaypee Infratech
  • Sebi writes to govt urging tax parity between cash and derivatives
  • Nestle to pay Starbucks $7.15 bn for rights to sell its products worldwide
  • Crude oil breaches $70 as markets await Trump call on Iran sanction
  • Reliance to invest Rs 600 bn in Jio this year, may borrow Rs 1 trn more
  • Brokers urge Sebi to review ‘harsh’ 100% penalty on margin reporting
  • BSE to launch commodity derivatives trading from Oct 1
  • GM cotton patents: SC refuses to stay order against Monsanto
  • Fee regulations for insolvency professionals soon
  • Oilmeal export earnings up 48% in 2017-18
  • RInfra-Astaldi JV bags Rs 7,000-cr Versova-Bandra sea link project in Mumbai
  • Suven’s Pashamylaram unit completes USFDA inspection
  • HC rejects plea to stay Vodafone?s UK arbitration in tax dispute case
  • Bharti Infratel, Indus likely to invest Rs3,500 crore capex for FY?19 ahead of merger
  • Niti Aayog partners with Google to grow India?s artificial intelligence ecosystem
  • BlackRock exits India mutual fund business
  • Aurobindo launches $1.6 billion bid to buy Novartis generics unit
  • Mukesh Ambani’s EWPL seeks tripling of KG gas transportation tariff
  • SC issues notice to Unitech on contempt plea of Home buyers
  • Lemon Tree’s big expansion plan! To invest Rs 850 crore on capex in 3 years
  • Infibeam to buy Snapdeal?s Unicommerce in Rs 120 crore deal
  • 11 more PSUs identified for disinvestment
  • Valuations of retail banks, NBFCs are stretched
  • Chana prices set to recover from 4-year lows
  • IBA to measure reforms implementation by PSBs
  • MFs lifting cap on small and mid-cap schemes
  • BlackRock blinks, DSP gets 100% in Investment Managers