About the Company:
ColdEx Ltd is India’s largest organized integrated food supply chain and distribution company
Company caters to a wide range of industry sectors and business segments including food service market, FMCG, confectionary, dairy, retail, etc.
Company is one of the few companies engaged in integrated temperature-controlled food supply chain and distribution.
They operate the business through 12 operating locations including their registered office, corporate office, branch offices and warehouses spread across 10 cities in India to manage our operations effectively.
Company has received various industry accolades, awards and recognition’s over the years as well as recognition from our customers, including Partner of the Year Award from Burger King (2018)
Company operates more than 800 reefer trucks including 594 owned reefer trucks (operated by the company or franchisee partners) and have been catering to more than 40 clients.
Company’s History:
Coldex Ltd had commenced the business in 1999 with the incorporation of Company in Gwalior, Madhya Pradesh. In 2005, company launched their brand ColdEX, to provide temperature-controlled logistics services to various industries.
In 2014, Company further expanded into becoming an integrated temperature-controlled food supply chain and distribution Company by acquiring their flagship built-to- suit temperature-controlled warehouse which is leased but dedicated, with a capacity of 3,500 pallets at Kundli (Delhi NCR).
Company’s Business Segments:
- Integrated Distribution (outsourced end to end supply chain management)
- Fulfilment Services (elements of supply chain)
Company’s Business Infrastructure comprises of:
Five (5) temperature-controlled warehouses located at Kundli I, Navi Mumbai, Bengaluru, Hyderabad and Kundli-II capable of warehousing more than 7,000 pallets.
Further company has entered into a long term lease agreement for built-to-suit temperature-controlled warehouse at Bengaluru which can accommodate upto additional 5,000 pallets.
Company has more than 800 reefer trucks which included 594 owned reefer trucks (operated by the company or franchisee partners).
Company’s Clients operate in various sectors across India, including:
- Food Service Market.
- Fast-moving consumer goods (FMCG)
- Dairy.
- Ice-cream and frozen dessert.
- Confectionaries including chocolates and baked products.
- Frozen food.
Company’s key Clientele in the Integrated segment includes:
- Burger King
- Sapphire Foods (franchisee of Yum Restaurants of KFC)
- Connaught Plaza Restaurants
- Yum Restaurants (Taco Bell)
- Wendy’s
Investors in the Company:
Company has been able to attract investments from reputable domestic and international private equity investors such as Sabr India Investment Pvt Ltd and Feedbridge Equity Holdings Limited, reflecting confidence of such investors in their business model.
Competitors for the Company:
There are several hundred players in the Logistics industry, small and large, organized and unorganized. Amongst the organized players, there are a few large players focused on traditional logistics services as well as temperature-controlled services.
Major players include Snowman Logistics, Kelvin Cold Chain Logistics Pvt Ltd and Coldstar Logistics Pvt Ltd provide temperature-controlled transportation & Mahindra Logistics , Future Supply Chain Solutions (warehousing & Logistics Services)
Management Team:
- Mr. Gaurav Jain (Designation: Managing Director)
- Ms. Tanu Jain (Designation: Executive Director)
Promoter Background:
Company’s Promoter, Gaurav Jain, a first-generation entrepreneur has experience of more than two decades in logistics industry.
He has been recognized by various prestigious forums including the Forbes India Leadership Awards for his contributions to India’s logistics industry.
He has also been chosen as an Extraordinaire Brand by Consumers and Industry in Brand vision Sumit 2017-2018.
Objectives of the Issue:
- Investment in IT Infrastructure.
- Funding the working capital requirements of their subsidiary Coldex Logistics Private Ltd
- Acquisitions and other strategic initiatives.
- General Corporate Purposes.
Financials of the Company: (Consolidated)
| (in Crores) | FY 16 | FY 17 | FY 18 | 30th June 18 |
|---|---|---|---|---|
| Revenue | 159.33 | 229.72 | 264.24 | 84.07 |
| Net Profit | (-9.2) | (-16.2) | 3.14 | 1.3 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Coldex Ltd | 10 | 3.52 | TBA | 5.14% | 68.46 |
| Gati Ltd | 2 | 3.33 | 27.24 | 4.70% | 67.24 |
| Mahindra Logistics Ltd | 10 | 9.04 | 58.12 | 15.26% | 58.98 |
| Snowman Logistics Ltd | 10 | (0.21) | N.A. | (0.84)% | 25.45 |
| Future Supply Chain Solutions Ltd | 10 | 14.77 | 44.29 | 13.72% | 106.18 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | Will be Updated |
| Issue Closes on:. | Will be Updated |
| Issue Price | Will be Updated |
| Face Value | Rs.10 |
| Minimum Lot | Will be Updated |
| Minimum Investment | Will be Updated |
| Issue Constitutes | Will be Updated |
| Issue Size | Will be Updated |
| Market Cap | Will be Updated |
| Listing at | NSE & BSE |
| Equity Shares Offered (Fresh) | 10,10,000 |
| Equity Shares Offered (OFS) | 16,56,408 |
| Total Equity Shares Offered (Fresh+OFS) | 26,66,408 |
| Equity Shares Prior to the Issue | 90,00,005 |
| Equity Shares after the Issue | 1,00,10,005 |
Important Dates:
| Finalization of Basis of Allotment | Will be Updated |
| Initiation of Refunds | Will be Updated |
| Credit of Equity Shares: | Will be Updated |
| Listing Date: | Will be Updated |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 00:00) | Shares Offered | Day-1 | Day-2 | Day-3 |
|---|---|---|---|---|
| QIB | ||||
| NII | ||||
| Retail | ||||
| Employee | ||||
| TOTAL |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 3.52 | Will be Updated | 5.14% | 68.46 |
| Check IPO Allotment Status: |
|---|
Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssue/ |
| Company Contact Info: |
|---|
| Coldex Limited 404, 4th Floor, Vishal Tower, District Centre, Janakpuri, New Delhi, West Delhi – 110058. Tel No: + 91-11- 25532119 Fax No: + 91-11-25532119 Email: cs@coldex.in Website: www.coldex.in |
| IPO Registrar Info: |
|---|
| Link Intime India Private Limited C-101, 1st Floor, 247 Park, L.B.S Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India. Tel: +91 22 49186200 Email: coldex.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| Pantomath Capital Advisors Private Limited 406-408, Keshava Premises Bandra Kurla Complex, Bandra East Mumbai – 400 051 Tel: +91 22 6194 6700 Email: ipo@pantomathgroup.com Website: www.pantomathgroup.com |
