About the Company:
Ajooni Biotech is engaged in manufacturing, producing, processing and supplying of Cattle feed, Nutrients related to cattle feed and manufacturing & production of Animal health care suppliments.
Company is registered with Department of Industries, Govt. of Punjab as Small Scale Industry (SSI) and also registered with Department of Dairy Development, Govt of Punjab.
Company’s principal component of revenue from operations is from income from manufacturing and trading of Cattle feed and animal suppliments.
They have entered into an Agreement with Patanjali Gramudyog Nyas, Haridwar (PATANJALI) (a unit of Yog Guru Baba Ramdev) for manufacturing of Cattle feed and Distribution of Cattle feed and feed supplements in their brand of Patanjali with 100% buy back arrangement for supplies in the states of Punjab, Himachal Pradesh,some
parts of Jammu & Kashmir, Haryana and Rajasthan.
They are a paramount manufacture and supplier of superior quality of PATANJALI SAMVRIDDHI, PATANJALI GARBHANJALI, PATANJALI BATISA-PRO etc.
Company’s manufactured veterinary products find use in the treatment and cure of many diseases in animals. Besides,they also undertake contracts for analytical method developments and stability studies.
They also manufacturecattle feed & supplement under own brand name of “AUTUS ANIMAL HEALTHCARE” .For Marketing of their own brand in the Market they have a strong Proffession team which covers the area of Punjab, Haryana, Uttar Pradesh, Rajasthan and Jammu and Kashmir.Company has a strong Dealer & Distribution Network across these states.
Company’s Product Portfolio:
- Mr. Jasjot Singh (Designation: Managing Director)
- Mr. Partek Singh (Designation: Executive and Non Independent Director)
- Mr. Imteshwar Singh Bhatia (Designation: Non Executive and Independent Director)
Promoters Average Acquisition Cost:
|Name of the Promoter||No. of Shares held||Average Acquisition Cost (in Rs.)|
|Mr. Jasjot Singh||2,83,050||12.34|
|M/s. Healthy Biosciences (P) Limited||12,44,067||12.36|
Promoters Stake Pre & Post Issue:
|Shareholder Name||Pre Issue Stake (%)||Post Issue Stake|
|Mr. Jasjot Singh||7.74%||4.83%|
|M/s. Healthy Biosciences (P) Limited||34.00%||21.25%|
|Promoter Group Entities:||58.26%||36.41%|
TOP 10 Shareholders:
|Sr.No.||Shareholder Name||Number of Equity Shares held||Percentage of Equity Share Capital %|
|1.||Ms. Upneet Kaur||5,47,247||14.96|
|2.||Ms. Ishneet Kaur||4,38,777||11.98|
|3.||M/s. Prism Medico and Pharmacy Ltd.||11,45,829||31.32|
|4.||M/s. Healthy Biosciences (P) Limited||12,44,067||34.00|
|5.||Mr. Jasjot Singh||2,83,050||7.74|
|6.||Ms. Paramjit Kaur||27||Negligible|
|7.||Ms. Ashmeet Kaur||27||Negligible|
Segment wise Revenue Break-up:
|Segment||FY 17 % Revenue||FY 16 % Revenue|
TOP 5 Customers :
|Name of Customer||Revenue in Crores||% of total
|Patanjali Gramoudyog Nyas||7.09||50.93%|
|M/s Krishna Gardens Private Limited||3.11||22.35%|
|Shree Krishna Trading Co.||1.10||7.95%|
|Prism Medico & Pharmacy||1.00||7.19%|
|Zerox Care Systems||0.71||5.10%|
PRISM MEDICO AND PHARMACY LTD
M/s. Prism Medico and Pharmacy Ltd (Listed on BSE) is the promoter group Company of Ajooni Biotech Ltd and holds 11,45,829 Equity Shares of Rs. 10 each constitute 25.51% of the Pre issue capital.
The Company is dealing in the business of animal feed, pultry feed, cattle feed, live stock or human, cattle feed and agriculture, soil conditioners, animal breeds.
Listed on: Bombay Stock Exchange (BSE)
Scrip ID : PRISMMEDI
Scrip Code : 512217
Objectives of the Issue:
- To part finance working capital requirements of the Company;
- To meet General corporate purposes;
- To meet the expenses of the Issue.
Positives for the Company:
- Company’s main customer is Patanjali group and the revenue contribution from patanjali is around 82%.(Last year it was around 70%)
- Since Patanjali’s business is growing very fast, So naturally Ajooni Biotech is also expected to grow very fast in the coming years.
- Company is planning to expand their marketing network across the country.
- The Animal feed business has a huge potential in india and the companies which are already listed on the stock exchanges (Avanti feeds) have given multibagger returns.
- Ajooni Biotech is reasonably valued & coupled with the potential of its business, it is expected to give very good returns in the coming years.
Financials of the Company:
|(in Crores)||FY 14||FY 15||FY 16||FY 17||31st Aug 17|
Valuation of Peer Group Companies:
|Company Name||Face Value||EPS||PE Ratio||RoNW||NAV|
|Ajooni Biotech Limited||10||2.89||10.38||28.76%||10.05|
|Avanti Feeds Limited||2||43.01||17.23||34.07%||126.23|
|Hatsun Agro Product Ltd.||1||8.80||58.30||38.60%||22.81|
|Issue Opens on||20th December 2017|
|Issue Closes on:.||22nd December 2017|
|Issue Size||Rs.6.58 cr|
|Market Cap||Rs.17.56 cr|
|Listing at||NSE SME|
|Total Equity Shares Offered (Fresh)||21,96,000|
|Equity Shares Prior||36,59,024|
|Equity Shares after the issue||58,55,024|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
Markets Guruji Opinion:
|IPO View||Apply For:||Expected listing Gain:|
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|Company Contact Info:|
|Ajooni Biotech Ltd
D-118, Industrial Area,
Punjab – 160055
|IPO Registrar Info:|
|CAMEO CORPORATE SERVICES LTD.
1 Club House Road,
Chennai 600 002.
Tel No.: +91-44-2846 0390/1989
Fax No.: +91-44-2846 0129
E-mail ID: firstname.lastname@example.org
|Lead Manager to the Issue:|
|NAVIGANT CORPORATE ADVISORS LIMITED
423, A Wing, Bonanza,
Sahar Plaza Complex,
J B Nagar, AndheriKurla Road,
Tel No. +91-22-6560 5550
Email Id- email@example.com
Investor Grievance Email: firstname.lastname@example.org