Ajooni Biotech Ltd

ajooni biotech

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:

Management Team:

  1. Mr. Jasjot Singh (Designation: Managing Director)
  2. Mr. Partek Singh (Designation: Executive and Non Independent Director)
  3. 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%
Total 100% 62.49%


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
Total 3659024 100%


Segment wise Revenue Break-up:

Segment FY 17 % Revenue FY 16 % Revenue
Cattle Feed 97.31% 93.87%
Feed Supplements 2.43% 2.95%
Other Revenue 0.26% 3.18%
Total 100% 100%


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%


Group Company:


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 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
Revenue  0.57 7.21  13.23  28.58 13.93
Net Profit  0.0077  0.073 0.096  0.27  0.16


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


IPO Details:

Details Info
Issue Opens on 20th December 2017
Issue Closes on:. 22nd December 2017
Issue Price Rs.30
Face Value Rs.10
Minimum Lot 4000
Minimum Investment Rs.1,20,000
Issue Constitutes 37.51%
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)
2.89 10.38 28.76% 10.05


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Subscribe Long Term 20%

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Company Contact Info:
Ajooni Biotech Ltd
D-118, Industrial Area,
Phase-7, Mohali
Punjab – 160055
Tel:+ 0172-5020761
Email: cs@ajoonibiotech.com
Website: www.ajoonibiotech.com


IPO Registrar Info:
Submaramanian Building,
1 Club House Road,
Chennai 600 002.
Tel No.: +91-44-2846 0390/1989
Fax No.: +91-44-2846 0129
E-mail ID: cameo@cameoindia.com
Website: www.cameoindia.com


Lead Manager to the Issue:
423, A Wing, Bonanza,
Sahar Plaza Complex,
J B Nagar, AndheriKurla Road,
Andheri East,
Mumbai-400 059
Tel No. +91-22-6560 5550
Email Id- navigant@navigantcorp.com
Investor Grievance Email: info@navigantcorp.com
Website: www.navigantcorp.com