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 control gates, flap valves, knife gates valves, energy dissipating valves and coarse screens,  screening conveying equipment, hydro 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 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 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 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 Top Counter at Banks & Other Places.  They are also producing different Textures for Vertical 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 Limited
Registrar Skyline Financial  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 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 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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Ongoing SME IPO_ ANG Lifesciences India Limited

SME IPO : ANG Lifesciences India Limited

Issue Opens 29-Aug-17
Issue Closes 31-Aug-17
Issue Price 80
Lot Size 1600
Issue Size 12.01 cr
Lead Manager Guiness Corporate Advisors Pvt Ltd
Registrar Bigshare Services Pvt Ltd
Platform BSE SME

Promoters of the Company :

  • Mr. Rajesh Gupta
  • Mrs. Saruchi Gupta

Registered Office: Darbara Complex, SCO 113, First Floor, District Shopping Centre B Block, Ranjit Avenue, Amritsar – 143 001

Object of the Company:

Our company is ISO-9001:2008 certified and has the modern & sophisticated plant, equipments, technique and
manpower. The planning and construction of plant has been done to conform to the regulatory requirements as per
the norms of WHO G.M.P. and G.L.P. as per schedule-M (revised). We manufacture our products in compliance
with GMP requirements. We have dedicated area, machinery, facilities and advanced equipments for manufacturing
of B-Lactum & Non-B Lactum products as per GMP Norms. The production block provides appropriate personnel
and material flow. As per GMP norms, all the production processes are documented and validated to establish the
accuracy of the procedures and the control measures. Our production capacity is 700 Lakhs Pcs per annum on per
shift basis.

Our products include sterile dry powder vials for Anti Biotics, Anti Ulcerant, Gluco corticoid and Anti
inflammatory, Anti malarial and Anesthetic.

Financials :

16-17 15-16 14-15 13-14 12-13
total Assets 4686.16 3549.33 2584.4 2517.82 2137.52
tottal reveue 6791.82 5513.32 3693.63 3461.89 1628.64
PAT 292 165.48 40.4 19.29 -6.21
DEBT 1157.65 1177 1014.3 1102.91 1270.55

EPS : 7.93

P/E @ share Issued : 10.09

RoNW : 38.47%

Net Asset value of share : 20.62

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Forth Coming SME IPO_Pushpati Cotspin Limited

SME IPO : Pushpati Cotspin Limited

Issue Opens 28-Aug-17
Issue Closes 31-Aug-17
Issue Price 75
Lot Size 1600
Issue Size 20.88 cr
Lead Manager Hem Securities Ltd
Registrar Sharex Dynamic (India) Pvt  Ltd
Platform NSE Emerge

Promoters:

  • MR. SAURIN JAGDISH BHAI PARIKH
  • MR. TRIVEDI TUSHAR R
  • MR. DAKSHESH JAYANTILAL PATEL

Profile:

We are engaged in the business of processing of Kapas (raw cotton) by way of Ginning of cotton, spinning of cotton yarn and delineating Process. The products manufactured at our Company include Cotton bales, Cotton yarn and Black Cotton seeds (Delineate Seeds). By setting up of the Ginning and Spinning unit our Company has entered into a forward integration of the Textile industry by manufacturing of cotton yarn to cope up with the changes in the fashion consciousness, development in the cotton textile sector and synchronizing with the initiatives provided by the Central and the state Government.

The manufacturing facility of our Company is situated at Kadi of Mahesana District in Gujarat state which is close to the rich cotton growing areas of Maharashtra and Saurashtra (region) of Gujarat. The company has established a capacity of the spindlage of total 25536 spindle, and 56 ginning units. Our plant is equipped with modern and automatic plant and machinery. The level of advancement determines the productivity of machines and labor, which in turn, determines the production and profitability of our Company. Our technical team in spinning is well equipped with modern spinning technology and processing techniques by virtue of which we are able to ensure quality yarn. Technology is a crucial aspect of the cotton yarn industry. Our Company is also using the storage space available with us for the purpose of letting it out to customers and thereby earning lease rentals as consideration.

Object of The Issue:

  1. To Meet Working Capital Requirement
  2. General Corporate Purpose
  3. To Meet the Issue Expenses

Financials:

 (Rs. in Lacs) 16-17 15-16 14-15 13-14 12-13
total Assets 18561.66 14893.36 15171.02 12412.92 826.59
tottal reveue 22775.14 20982.83 22059.43 8557.55 0
PAT 1348.2 843.01 808.28 31.79 -11.29
DEBT 12630.73 10100.71 11133.56 9669.2 0

EPS : 11.41

P/E @ share issued : 6.57

Return on Net Worth : 22.71%

Net Asset Value per Share : 50.27

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Forthcoming SME IPO_Shish Industries Limited

SME IPO : Shish Industries Limited

Issue Opens 23-Aug-17
Issue Closes 28-Aug-17
Issue Price 30
Lot Size 4000
Issue Size 4.05 cr
Lead Manager Corporate Capital  Ventures Pvt Ltd
Registrar Bigshare Services Pvt Ltd
Platform BSE SME

Promoters :

  • Mr. Satish Kumar Maniya
  • Mr. Rameshbhai Kakadiya

Profile :

The Company was originally a partnership replica cartier firm Shish Industries which cartierbracelets.co is engaged in manufacturing of Plastic sheets corrugated box manufacturing. The company also exports its various products to UAE, Oman, Myanmar cartier nail bracelet replica
etc.

Object of the Issue:

  • Capital Expenditure
  • Working Capital requirement
  • General Corporate www.cartierlovebracelet.co Purpose
  • Meeting Public Isssue Expense

Financials:

16-17 15-16 14-15 13-14 12-13
total Assets 514.47 473.68 427.7 127.68 25.2
tottal reveue 536.73 387.83 97.55 0.46 0
PAT 5.49 3.25 -26.59 -1.73 -1.18

 

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