About the company.
Continental Seeds and Chemicals is engaged in the business of developing, processing, grading and supplying of all kind of agricultural foundation and certified seeds and trading of Mentha Oil.
Company was originally incorporated as “Terai Beej Private Ltd” in 1983 and Lateron the name was changed to Continental Seeds and Chemicals Ltd.
Company is registered with Uttrakhand Seeds certification agency and having total production capacity of company is 7080 MT per annum
Company is engaged in the whole process of processing in varieties of seeds, foundation seed and processing of the same into certified seeds.
Processing unit is having total production capacity of company is 7080 MT per annum out of which around 45% are currently used.
Product Wise Revenue Breakup for last 5 Years: (in Lakhs)
State Wise Revenue Breakup for Last 2 years: (in Lakhs)
Management Team:
- Mr. Praveen Rastogi (Designation: Managing Director)
- Mrs. Jaishree Rastogi (Designation: Executive and Non Independent Director)
- Mr. Sachin Rastogi (Designation: Non Executive and Non Independent Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Mr. Praveen Rastogi | 16,65,475 | 2.86 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake (%) |
|---|---|---|
| Promoters | ||
| Mr. Praveen Rastogi | 38.01% | 27.75% |
| Promoter Group Entities | 61.99% | 25.26% |
| Total | 100% | 73.01% |
Objectives of the Issue:
- Working capital requirements of the Company.
- General Corporate Purposes.
- Issue Expenses.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 3.02 |
| General Corporate Expenses | 0.74 |
| Net Proceeds | 3.76 cr |
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 31st Dec 17 |
|---|---|---|---|---|---|---|
| Revenue | 0.96 | 54.93 | 57.90 | 58.44 | 58.24 | 57.64 |
| Net Profit | 0.15 | 0.22 | 0.27 | 0.16 | 0.49 | 0.66 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Continental Seeds and Chemicals Ltd | 10 | 1.11 | 23.42 | 8.60 | 12.92 |
| Mangalam Seeds Limited | 10 | 5.98 | 25.50 | 13.18 | 42.86 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 21st March 2018 |
| Issue Closes on:. | 23rd March 2018 |
| Issue Price | Rs.26 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 |
| Minimum Investment | Rs.1,04,000 |
| Issue Constitutes | 26.99% |
| Issue Size | Rs.4.21 cr |
| Market Cap | Rs.15.60 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 16,20,000 |
| Equity Shares Prior to the Issue | 43,81,685 |
| Equity Shares after the issue | 60,01,685 |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 06:00 PM) | Shares Offered | Day-1 | Day-2 | Day-3 |
|---|---|---|---|---|
| HNI | 7,68,000 | 0.125 | 0.15 | 0.56 |
| Retail | 7,68,000 | 0.156 | 0.92 | 0.42 |
| Others | 84,000 | 0.00 | 0.00 | 0.00 |
| Employee | ——– | —- | —– | —- |
| TOTAL | 16,20,000 | 0.133 | 0.50 | 1.38 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.11 | 23.42 | 8.60% | 12.92 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Neutral | NA | NA |
| Company Contact Info: |
|---|
| CONTINENTAL SEEDS AND CHEMICALS Ltd Lower Ground Floor, Plot No. 38 Okhla Phase 3, South Delhi, New Delhi 110020 Tel:+ 011-40523652 Email: info@continentalseeds.co.in Website: www.continentalseeds.co.in |
| IPO Registrar Info: |
|---|
| MAS SERVICES LTD. T-34, 2nd Floor, Okhla Industrial Area, Phase – II, New Delhi – 110020, Tel No.: +91-11-26387281/82/83 Fax No.: +91-11-26387384 E-mail ID: info@masserv.com Website: www.masserv.com |
| Lead Manager to the Issue: |
|---|
| NAVIGANT CORPORATE ADVISORS LIMITED 423, A Wing, Bonanza, Sahar Plaza Complex, J B Nagar, Andheri Kurla Road, Andheri East, Mumbai-400 059 Tel No. +91-22-41204837 Email Id- navigant@navigantcorp.com Investor Email: info@navigantcorp.com Website: www.navigantcorp.com |
