About the Company:
A and M Jumbo Bags Limited (Incorporated in 2011) is engaged in manufacturing and supply of High Density Polyethylene (HDPE) / Polypropylene (PP) Jumbo Bags, Flexible Intermediate Bulk Container (FIBC).
Company’s various range of products includes, Circular Type with Cross Corner / Corner Loops, Upanel / 4 Panel Bags, Baffle Bag, Conical Top / Bottom Bag, 4 loop bag, UN bags, Sift Proof bags.Company sell its products in its own name and on wholesale basis.
FIBC/ Jumbo bags are giant size bags in drum or box shape and are internationally used as bulk bags or big sized bags or Flexible Intermediate Bulk Containers. Thickness of bags manufactured by the company varies from as per the requirements of the customers.
On an average 500 to 800 bags are manufactured per day depending upon the size and specifications of the Bags.
Flexible intermediate bulk containers bags are used in packing of various materials for industries such as chemicals, fertilizers, pharmaceuticals, polymers, cement, minerals, food grains, human consumption items, etc. FIBC‘s are widely used for bulk transportation of industrial raw material, semi finished and finished product.
Company’s manufacturing facility is well equipped with required facilities including machinery, other handling equipment to facilitate smooth manufacturing process.
Capacity Utilization :
Management Team:
- Mr.Pratish Shah (Designation: Managing Director)
- Mrs.Gita Patel (Designation: Non-Executive Director)
- Mr.Nalin Shah (Designation: Independent Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Pratish Shah | 4,82,930 | 10.03 |
| Gita Patel | 2,27,250 | 9.90 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoters | ||
| Pratish Shah | 42.49% | 27.56% |
| Gita Patel | 20.00% | 12.97% |
| Promoter Group Entities | 37.51% | 24.33% |
| Total | 100% | 64.85% |
Objectives of the Issue:
- Working Capital requirements.
- General Corporate Purpose.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 2.73 |
| General Corporate Expenses | 0.77 |
| Issue Related Expenses | 0.50 |
| Net Proceeds | 4.0 crores |
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 31st Aug 17 |
|---|---|---|---|---|---|---|
| Revenue | 1.7 | 3.86 | 4.39 | 4.53 | 5.24 | 2.22 |
| Net Profit | 0.0018 | 0.0032 | (-0.001) | (-0.018) | 0.24 | 0.25 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| A And M Jumbo Bags Ltd | 10 | 6.53 | 9.95 | 61.37% | 10.65 |
| Commercial Syncbags Ltd | 10 | 4.87 | 9.24 | 12.84% | 35.05 |
| Flexituff International Ltd | 10 | 34.43 | 22.89 | 1.46% | 157.46 |
| Kanpur Plastipack Limited | 10 | 11.71 | 10.67 | 17.44% | 58.70 |
| EMMBI Industries Limited | 10 | 7.20 | 31.49 | 14.85% | 48.44 |
| Shree Tirupati Balajee FIBC Ltd | 10 | 3.86 | 12.46 | 16.45% | 27.89 |
| SMVD Poly Pack Ltd | 10 | 3.59 | 15.32 | 16.58% | 54.14 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 29th January 2018 |
| Issue Closes on:. | 2nd February 2018 |
| Issue Price | Rs.65 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 |
| Minimum Investment | Rs.1,30,000 |
| Issue Constitutes | 35.14% |
| Issue Size | Rs.4.0 cr |
| Market Cap | Rs.11.39 cr |
| Listing at | NSE SME |
| Total Equity Shares Offered (Fresh) | 6,16,000 |
| Equity Shares Prior to the issue | 11,36,500 |
| Equity Shares after the issue | 17,52,500 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 6.53 | 9.95 | 61.37% | 10.65 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Long Term | 20% |
Important Dates:
| Finalization of Basis of Allotment | on or Before 7th February 2018 |
| Initiation of Refunds | on or Before 8th February 2018 |
| Credit of Equity Shares: | on or Before 9th February 2018 |
| Listing Date: | on or Before 12th February 2018 |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the Below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| A and M Jumbo Bags Limited Block 100, Bhagwati Rice Mill, Opp. H.P. Petrol Pump, Jetalpur, Ahmedabad 382426, Gujarat Tel: +91 9173398575 Email: info@aandmjumbobags.com Website: www.aandmjumbobags.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st floor, Bharat Tin works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai 400059 Tel: +91 22 62638200 Fax: +91 22 62638299 Email: ipo@bigshareonline.com Grievance Email: investors@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshva Premises, Behind Family Court, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India Tel: +91-22 61946719 Fax: +91-22 2659 8690 Email: ipo@pantomathgroup.com Website: www.pantomathgroup.com |
