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
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
Bagad Ganj,
Nagpur 440008
Phone: +91 0712 2778824
Email: info@nakodas.com
Website: http://www.nakodas.com

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