Upcoming SME IPO_ Ice Make Refrigeration Limited

SME IPO_ ICE MAKE REFRIGERATION LIMITED

Issue Details

Issue opens 28th November 2017
Issue Closes 4th December 2017
Issue Price 55-57
Lot Size 2000
Issue Size 23.71 Crore
Lead Manager Vivro Financial Services Private limited
Registrar Link Intime India Private Limited
Platform NSE

Promoter & Promoter Group

  1. Mr. Chandrakant P. Patel
  2. Mr. Rajendra P. Patel
  3. Mr. Vipul I. Patel

Business Description

The company is a  refrigeration equipment manufacturer, engaged in providing cooling solutions. They  provide cooling solutions for cooling systems and accessories used in industries such as dairy, ice-cream, food processing, agriculture, pharmaceuticals, cold chains, logistics, hospital, hospitality and retail, among others. They classify the business into the following 4 verticals: (i) Cold Room (ii) Commercial Refrigeration (iii) Industrial Refrigeration and (iv) Transport Refrigeration. They operate their business verticals under the brand of “Ice Make”.

Object of the ISSUE

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Capital Expenditure 1456.68
2 Working Capital Requirements 500.00
3 Enhancement of Brand 150.00
4 Investment in Subsidiary 110.13
5 General Corporate Purpose 154.39
Total 2371.20

Overview of Financials

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 8788.28 7182.07 5061.82 3925.93 4048.26
Total Asset 5487.87 3867.39 3340.2 2835.57 2094.29
 Net Profits 510.89 264.34 93.41 89.05 82.96

Financial Ratios

EPS: 7.10

P/E Ratio : 8 times

RONW : 32.98%

NAV : 21.53

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Upcoming SME IPO_Zodiac Energy Limited

SME IPO_ZODIAC ENERGY LIMITED

 

Issue Details

Issue opens 23rd November 2017
Issue Closes 27th November 2017
Issue Price 52
Lot Size 2000
Issue Size 10.14 Crore
Lead Manager Swastika Investmart ltd
Registrar Link Intime India Private Limited
Market Makers Beeline broking Ltd
Platform NSE

Promoter & Promoter Group

1. Mr. Kunjbihari Shah ( He is having more than 25 years of experience in field of energy with specialization in captive and co-generation power plants)

2. Mr. Jugalkishor Shah ( He has joined our Company as Non-Executive Promoter Director and will continue to guide the company by his valuable experience.)

Business Description

It is a  Energy Solution Provider company having experience of more than two decades in majority of verticals of power generations spectrum. Their spectrum of services are including Design, supply, installation, Testing and Commissioning (EPC) and Operation and Maintenance (O&M) in short we provide turnkey solutions from concept to commissioning of power plants.

Our company has installed solar power plants for many prominent clients like Sun-Edison India Limited, Adani Group, Torrent Power Limited, Gujarat Energy development Agency, Reserve Bank of India, Directorate of Lighthouse and Lightships Government of India (GoI), Indian Oil Corporation Limited to name a few. The company has installed more than 6,000 KW of Rooftop solar power plants till now and it envisages to reach at 10,000 KW by end of 2017-18.

Companies Competitive Strength

  1. Timely Completion of Projects
  2.  Experienced Management and promoters
  3. Long term relationship with clients

Object of the Issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Working Capital Requirements 795.00
2 General Corporate Purpose 169.00
3 Issue Expenses 50.00
Total 1014.00

Overview of Financials

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 1669.83 918.57 867.36 951.44 885.03
Total Asset 786.57 573.69 668.49 726.85 333.59
 Net Profits 23.81 10.95 4.58 11.08 9.40

Financial Indicators 

EPS: 0.67

P/E Ratio : 77 times

RONW : 15.62

NAV post Issue : 4.27

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Upcoming SME IPO_Silver Touch Technologies Limited

SME IPO_ SILVER TOUCH TECHNOLOGIES LIMITED

Issue Details

Issue opens 20th November 2017
Issue Closes 24th November 2017
Issue Price 121
Lot Size 1000
Issue Size 40.22 Crore
Lead Manager Chartered Capital And Investment Limited
Registrar Link Intime India Private Limited
Platform NSE

Promoters & Promoter Group

The Promoters group comprises of Mr. Vipul H Thakkar, Mr. Jignesh A Patel, Mr. Manish V Doshi and Mr. Palak V Shah.

Overview of Business

Company was founded in 1995 with a view to deliver our clients with the information technology solutions in the fields of System Integration and Software Services. It has grown with its global clientele and now it is into multiple areas like System Integration & Software Development. Company is providing all end to end information and communication technology solution to its clients under a single umbrella.

Object of the ISSUE

The company will not receive any proceeds from the offer and all proceeds from the offer shall go to the selling Share holders . The total expenses of the offer are estimated to be approx 51 Lakh.

Overview of Financials

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 11987.35 13905.03 11585.17 10869.57 8086.28
Total Asset 7488.17 10598.91 8434.14 7680.3 5450.07
 Net Profits 420.89 300.1 211.32 602.99 461.4

Financial Ratios 

  1. EPS : 3.76 ( Standalone Basis) , 3.62 ( Consolidated basis)
  2. PE Ratio: 32.18
  3. RONW: 11.07%( Standalone Basis) , 10.86%( Consolidated basis)
  4. NAV per Share: 32.02 ( Standalone Basis) , 31.98 ( Consolidated basis)

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Upcoming SME IPO_Jash Engineering Limited

SME IPO_JASH ENGINEERING LIMITED

Issue Details

Issue opens 28th September 2017
Issue Closes 3rd October 2017
Issue Price 115-120
Lot Size 1200
Issue Size 48 Crore
Lead Manager Systematix Corporate Services Limited
Registrar Linkintime India Private Limited
Platform NSE

Promoters Group

The promoters of our company are Mr. Laxminandan Amin, Mr. Pratik Patel, Mrs Bharafi Patel and Mr. Harsh Patel which holds aggregate of 30.09% of pre offer issued, Subscribed and paid up equity capital of the Company.

Overview of Business

The Company is engaged in manufacturing of water hermes h belt control gates, flap valves, knife gates valves, energy click here dissipating valves and coarse screens,  screening conveying equipment, hydro hermes h belts power screw generator, screw pump and process equipment. The company offers a single stop solution undeer one roof including Design, casting, Fabrication, Assembly & testing and provides the most varied range of these products in largest possible sizes.

Object of the ISSUE

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Working Capital Requirements 900
2 Expansion of Manufacturing Facilities 193.48
3 Acquasition of Land and Set up of New Plant 859.14
4 General Corporate Purpose 359.45
Total 2312.07

Overview of Consolidated Financials

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 1225.08 882.72 576.73 737.86 544.38
Total Asset 640.72 734.05 541.24 402.84 340.53
Groups Share ebay hermes h bracelet unboxing nerf
of Net Profit
117.65 97.68 45.16 63.48 66.82

List of Wholly Owned Subsidiaries

  1. Shivpad Engineers Private Limited, India
  2. Jash USA Inc, USA
  3. Mahr Maschinenbau Gambh, Austria
  4. Engineering and Manufacturing Jash Limited, Hong Kong

Financial Ratios

  1. EPS : 10.98 ( Standalone Basis) , 10.72 ( Consolidated basis)
  2. PE Ratio: 11
  3. RONW: 11.77%( Standalone Basis) , 12.26%( Consolidated basis)
  4. NAV per Share: 93.30 ( Standalone Basis) , 87.44 ( Consolidated basis)

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Upcoming SME IPO_Milton Industries Limited

SME IPO_MILTON INDUSTRIES LIMITED

Issue Details

Issue opens 29th September 2017
Issue Closes 6th October 2017
Issue Price 34
Lot Size 4000
Issue Size 14.28 Crore
Lead Manager Swastika Investmart Limited
Registrar Big Share Services Private Limited
Platform NSE

Promoters Group

Mr. Vijay Pal Jain, Mr. Ajay Mahipal SinghJain, Mr. Abhaykumar Mahipalsingh Jain, Mr. Vikas Jain and Mr. Saket Jain are the Promoters replica hermes belt of the Company. Promoter and Promoter Group will continue to hold the majority of post- Issue paid-up equity share capital of the Company

Business Overview 

The Company, Milton Industries Limited is engaged in manufacturing of Laminates, Artificial poloponynetwork.com Leather cloth and Glass Fibre Reinforced Epoxy (GFRE) Sheets in the state of Gujarat. They are manufacturer and exporter of premium quality high-pressure laminates, industrial Laminates, laminated board, flooring laminates, artificial Leather cloth, GFRE Sheets and other allied products. The superior quality laminates can be used on walls, doors, windows, cupboards, tabletops, hotels, cash counters, home kitchen, etc. Initially our Company was engaged in manufacturing of laminates and further diversified in manufacturing and exports of Artificial Leather cloth, GFRE Sheets,DGFRP, CCL and NAFTC.

Company is producing Decorative & Industrial Laminates so called High Pressure Laminates from the year 1986. This Laminates are used for Flooring, for Door, Windows, Cupboards in Hotels, for Site Panels, for Table hermes replica belt
Top Counter at Banks & Other Places.  They are also producing different Textures for Vertical ebay hermes h bracelet unboxing nerf
Decorative Thermosating Synthetic Resin Bonded Laminate Sheets which are basically supplied to Railways Departments.  Their product is also used by other Industries such as real estate and decorative Industry. Company was awarded by export award for three consecutive years 1994-1997 and also holding export status certificate

Object of the Issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Working Capital Requirements 1300
2 Public Issue Expenses 37.45
3 General Corporate Purpose 90.55
Total 1428.00

Overview of Financial Indicators

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 4363.17 4203.04 4228.35 4546.17 4655.06
Total Asset 5592.52 4851.89 4766.95 4127.73 3830.07
PAT 115.43 22.1 62.98 74.31 86.26

Financial Ratios

EPS: 1.03

PE Ratio : 33.14

RONW: 8.65%

NAV after Issue: 17.88

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Upcoming SME IPO_ Reliable Data Services Limited

SME IPO_ RELIABLE DATA SERVICES LIMITED

Issue Details

Issue opens 27th September 2017
Issue Closes 3rd October 2017
Issue Price 57
Lot Size 2000
Issue Size  14.82 Crore
Lead Manager Swastika Investmart hermes belts replica Limited
Registrar Skyline Financial hermes outlet  Services Private Limited
Platform NSE

Promoters Group

Mr Sanjay Kumar Pathak, Mr. Rakesh Jha, Mr. Sandeep Kumar Jha, Mr, Sunil Kumar Rai and Mr. Anil Kumar Jha are the promoters of the Company.

Overview of the Business

The company is primarily engaged in providing customized services to various Banks, financial institution and other manufacturing industries in the field of management Services, transaction processing services, human resource services and other allied services.

The company has entered into agreement with poloponynetwork.com various lending MNC and private sector banks for providing various support services.The company is engaged in collection services with mobile based application developed by banks, image based data processing on behalf of banks.

Object of the issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Working Capital Requirements 500
2 Repayment of Long term Borrowing 596.07
3 Capital Expenditure 248.48
4 General Corporate Purpose 97.45
5 Issue Expenses 40
Total 1482.00

Overview of Consolidated Financial Parameters(Restated)

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 3429.33 2619.09 2428.04 2013.85 1399.72
Total Asset 2756.67 2420.09 2136.94 1828.61 1245.56
PAT 162.32 129.29 172.49 148.14 102.56

Financial Ratios

  1. EPS: 2.71
  2. P/E Ratio : 21.07
  3. RONW: 15.16%
  4. Consolidated NAV after ebay hermes h bracelet unboxing nerf
    Issue : 29.68

 

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Ongoing SME IPO_ CADSYS ( INDIA) LIMITED

SME IPO_ CADSYS ( INDIA) LIMITED

Issue Details

Issue opens 21th September 2017
Issue Closes 25th September 2017
Issue Price 70
Lot Size 2000
Issue Size 14.70 Crore
Lead Manager Saffron Capital Advisors Pvt. Ltd.
Registrar Big Share Services Pvt. Ltd.
Platform NSE

Promotors Group

  1. N.C.V Rangacharya ( Managing Director) is the single promoter of the Company.

Business Description

The company is domain focused GIS and engineering business technology service provider headquartered in Hyderabad, with presence in United States. They are primarily engaged in providing IT enabled services foe geospatial, field engineering survey,software development and engineering design services in the domains like telecom, electricity and other utilities.

They have expanded their portfolio with strategic acquisition to emerge as a well balanced player in the IT  Service Segment. The company is certified by ISO 9001:2015 for design development and production of Geographical IS and engineering services . Their clientele include govt departments and companies in telecom power and other utility sectors.

Overview of Consolidated Financials (Restated)

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 4363.6 2984.15 2354.37 2000.46 1369.18
Total Asset 5466.21 2864.34 2337.87 1677.27 1303.04
PAT 1094.79 551.74 468.4 296.99 218.57

Object of the Issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Repayment of Long term Borrowing 1100.00
2 General Corporate Purpose 275
3 Issue Expenses 95
Total 1470.00

Financial Ratios ( Consolidated Basis) :

  1. EPS : 20.26
  2.  PE Ratio : 3.53
  3.  RONW : 37.97%
  4.  NAV per share : 53.63

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UPCOMING SME IPO : DP WIRES LIMITED

SME IPO: DP Wires Limited

Issue Details

Issue opens 21th September 2017
Issue Closes 27th September 2017
Issue Price 75
Lot Size 1600
Issue Size 26.88 Crore
Lead Manager Sarthi Capital Advisors Pvt. Ltd.
Registrar Big Share Services Pvt. Ltd.
Platform NSE

Promoters Group:

  1. Mr. Praveen Kataria
  2. Mr. Hemant Kataria
  3. Mrs. Asha Devi Kataria

Object of the Issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Working Capital Requirements 2078.00
2 General Corporate Purpose 550
3 Issue Expenses 60
Total 2688.00

Business Description

The group was started in 1970 and production of steel wires by 1971. The group is engaged in manufacturing and supply of steel wires , Plastic pipes and plastic films which find its application in industries like oil & gas, power, environment, steel, energy etc. all of them located in a single premise at industrial estate, Ratlam.

It is also engaged in power generation through 2 wind farms of 0.8 MW each in village of Madhi and Jodhpur in District Jamnagar. Their Plastic products have been used in lining of canals , landfills, Highways and Road Construction, ponds, tanks etc

Company Financials

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 19683.21 16005.7 13913.28 9361.6 9782.58
Total Asset 8135.94 6847.91 5026.72 3072.83 4498.78
PAT 499.79 218.57 167.37 124.55 144.27

 

Financial Ratios

EPS: 5.03

PE Ratio : 14.91

NAV after issue: 40.33

Weighted RONW: 13.23

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UPCOMING SME IPO : R M DRIP AND SPRINKLERS SYSTEMS LIMITED

SME IPO: R M Drip & Sprinklers Systems Limited

Issue Details

Issue opens 19th September 2017
Issue Closes 26th September 2017
Issue Price 53-57
Lot Size 2000
Issue Size 11.46 Crore
Lead Manager Pantomath Capital Advisors Pvt. Ltd.
Registrar Big Share Services Pvt. Ltd.
Platform NSE

Promoters Group

  1. Vijaykumar Kshirsagar
  2. Nivrutti Kedar
  3. Arjun Makani
  4. Shubhangi Kshirsagar
  5. Surekha Kedar
  6. Lilaben Makani

Objects of the Issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Working Capital Requirements 750.00
2 General Corporate Purpose 396
Total 1146.00

Business Description

The Company is ISI certified engaged in manufacture and sale  of Micro Irrigation System(MIS) consisting of Drip Irrigation System and Sprinkler irrigation system, its components irrigation accessories and allied products. They operate under the project market model in the states of Maharashtra, Gujarat, Karnataka and Madhya Pradesh.  Their product ranges include wide variety of Products HDPE Pipes , Pipes Fitting and Irrigation Equipment including Drip Irrigation System etc. As a part of project market sales they undertake supply , installation and provision of agronomical sales to farmers.

Company Financials

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 2872.57 1176.29 539.82 308.45 255.63
Total Asset 2373.23 1029.87 519.36 228.12 224.16
PAT 136.08 32.3 24.1 2.7 7.92

Financial Ratios

EPS: 4.13

PE Ratio : 12.8 – 13.8

RONW: 35.38

NAV : 16.16

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Upcoming SME IPO : Worth Peripherals Limited

SME IPO: Worth Peripherals Limited

Issue Details

Issue opens 15th September 2017
Issue Closes 19th September 2017
Issue Price 40-43
Lot Size 3000
Issue Size 18.27 Crore
Lead Manager Pantometh Capital Advisors Pvt. Ltd.
Registrar Big Share Services Pvt. Ltd.
Platform NSE

Promoters of the Company

  1. Mr. Raminder Singh Chadda
  2. Ms. Amarveer Kaur Chadda

Object of the Issue: 

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Working Capital Requirements 610.42
2 Purchase of plant & Machinery 475.00
3 Repayment of Borrowing 300.00
4 General Corporate Purpose 441.58
Total 1827.00

Business Description

The company is engaged in the manufacturing of Corrugated Boxes having registered office situated at Indore, Madhya Pradesh. The company is adhere to Sedex Members Ethical Trade Audit( SMETA) best practice guidance guidelines which include adhering to labour standards, health standards and  safety ethics audit norms for SEDEX.

The company is well equipped with in house testing laboratories to test the products. It has fully automated plant managed through Programmable Logic Controller.

Company Financials

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 13214.73 12740 10778.41 8423.23 5935.17
Total Asset 8124.79 8571.2 6154.24 5449.23 4477.35
PAT 731.65 646.62 601.63 515.04 345.76

Companies Contact Information

Worth Peripherals Limited

102, Sanskriti Apartment, 44 Saket Nagar

Indore 452018

Email: investors@worthindia.com

Financial Ratios

EPS: 5.93

P/E Ratio :  6.75 – 7.25

Weighted RONW : 19.19%

NAV per Equity Share  : 35.36

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