About the Company:
Ambition Mica (Incorporated in Ahmedabad, in the year 2010,) is an ISI certified Company primarily engaged in manufacturing of mid segment decorative laminates and door skins.
Company markets Laminates under brands like Velson, Antique, Art Lam, Antique Aurum, Antique colour core and Antique Natural Wood.
Company also markets Door skins under brands like Beautique, Texas, Micro Touch, Antique Natural Wood and Door Touch.
With approximately 1571 designs in laminates and 452 designs in door skins,they have a very diverse design portfolio in the Industry with specialisation in textured laminates.
Has strong network of about 26 distributors and 4799 dealers and they serve both industrial and consumer industry and have been able to establish a presence in west and south India.
Company generates majority of the sales in Madhya Pradesh, Maharashtra, Gujarat,Delhi, Karnataka, Andhra Pradesh and Rajasthan.
Company is already listed on SME platform of BSE Ltd. through (IPO) Initial public offer on July 14, 2015.(Note: This is a FPO- Follow On Public Offer)
In order to leverage the power of technology in effectively reaching out to their consumers,Company has developed a website www.doorskinworld.com where customers can see their range of designs online.
Company’s Product Range include:
Decorative Laminates:
Decorative Laminates are laminated products primarily used as furniture surface materials or wall paneling. They are usually used for furniture tops especially on flat surfaces,including cabinets and tables.
Door Skin:
Door skin is a cost effective alternative for artistically covering the doors while minimizing wastage. It is primarily a laminate which comes in standard door sizes and vide variety of designs which can be easily used to cover doors.
Colour Core Laminate:
Colour Core Laminates are used in high visibility areas like sales counters, reception desks and furniture and offer enormous possibilities for innovative and trendy interiors.
Electrical Insulation Board:
Electrical Insulation Board is basically laminate sheet which is used for manufacture of switch boards.
Management Team:
- Mr.Govindbhai Patel (Designation: Managing Director)
- Mr.Rameshkumar Patel (Designation: Whole-time Director)
- Ms.Monghiben Patel (Designation: Non Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
|
Veljibhai Patel
|
18,74,700 | 3.33 |
| Govindbhai Patel | 21,43,500 | 3.33 |
Objectives of the Issue:
- Funding the working capital requirements of the Company
- General Corporate Purpose.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 9.00 |
| General Corporate Expenses | 3.6 |
| Net Proceeds | 12.6 |
Positives for the Company:
- Experienced Management Team.
- Strong Distribution and Marketing Network.
- Adding new designs to the Portfolio.
- Plans to invest in Brand building exercise.
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 |
|---|---|---|---|---|---|
| Revenue | 20.48 | 35.57 | 38.17 | 49.17 | 51.54 |
| Net Profit | 0.83 | 0.91 | 1.73 | 1.71 | 1.99 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Ambition Mica Ltd | 10 | 1.67 | 37.72 | 13.94 | 12.00 |
| Rushil Decor Ltd. | 10 | 17.04 | 46.74 | 23.37 | 72.90 |
| Archidply Industries Ltd. | 10 | 3.03 | 32.85 | 5.14 | 58.95 |
| Deco Mica Ltd. | 10 | 2.41 | 8.90 | 7.63 | 31.61 |
| Stylam Laminates Ltd. | 10 | 25.08 | 31.10 | 24.60 | 101.92 |
| Alfa Ica (India) Limited | 10 | 2.39 | 24.06 | 7.50 | 31.84 |
FPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 16th November 2017 |
| Issue Closes on:. | 21st November 2017 |
| Issue Price | Rs.40 – Rs.42 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 |
| Minimum Investment | Rs.1,26,000 |
| Issue Constitutes | 20.10% |
| Issue Size | Rs.12.60 cr |
| Market Cap | Rs.62.67 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 30,00,000 |
| Equity Shares Prior | 1,19,22,000 |
| Equity Shares after the issue | 1,49,22,000 |
Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.67 | 25.14 | 13.94% | 12.00 |
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Markets Guruji Opinion:
| View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Long Term | 20% |
| Check IPO Allotment Status: |
|---|
Link InTime Websitehttps://linkintime.co.in/PublicIssues/ |
| Company Contact Info: |
|---|
| Ambition Mica Limited Shop No.10, Ground Floor, Raghav Residency Opp. Naroda G.E.B., Dehgam Road, Naroda Ahmedabad –382330, Gujarat. Tel: +91 7929292629 Email:investors@ambitionmica.com Website: www.ambitionmica.com |
| Registrar Info: |
|---|
| KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500 032 India Toll free No.: 1800 3454 001 Tel: 040 6716 2222; Fax: 040 2343 1551 Email: einward.ris@karvy.com Investor Grievance Id: ambitionmica.fpo@karvy.com Website: www.karisma.karvy.com |
| Lead Manager to the Issue: |
|---|
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India Te l: +91-22 61946719; Fax: +91-22 2659 8690 Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Website: www.pantomathgroup.com |
