About the Company:
Cool Caps Industries Ltd is mainly engaged in the business of manufacturing of a wide range of Plastic Bottle Caps and closures which includes plastic soda bottle caps, plastic soft drink bottle caps, plastic mineral water bottle caps and plastic juice bottle caps from units situated in Howrah, West Bengal and Kotdwar, Uttarakhand.
Apart from plain closures, company also manufacture embossed, debossed and printed closures as per client specifications.
Company is also in the business of manufacturing face masks and the products include Mask on Plus N95 FFP2 Mask, Mask on N95 FFP2 Mask and N95 FFP2 Mask from unit situated in Howrah, West Bengal.
Over the past couple of years, company has outgrown itself into a distinguished large-scale organization specializing in pet bottle caps of various shapes, sizes and colours along with cap handles having plentiful applications.
Products Manufactured by the Company:
- Plastic Soda Bottle Cap.
- Plastic Mineral Water Bottle Cap.
- Embossed Plastic Bottle Cap.
- Printed Plastic Bottle Cap.
- Plastic Juice Bottle Cap.
- PET Bottle Cap.
- N95 FFP2 Mask.
Company’s Shrink Film Business:
In addition to the supply of pet bottle caps, Company also trades in Shrink film as an additional service to its existing customers.
This product has a demand within the existing customer base and therefore, to provide one-stop solution to their needs, company started started selling this product.
Shrink films are manufactured by our associate concern, M/s Airborne Technologies Private Limited.
Shrink film is a shrink wrap made of LDPE (Low Density Polyethylene) material used for secondary and tertiary packaging due to its advantages and specific properties.
Potential applications for collation shrink film mainly include bundle-packaging of beverages such as water, soft drinks, energy drinks, etc. and is a cost-effective substitute of formerly used corrugated boxes.
The market for shrink film demand is growing and a lot of bottling / beverages companies are shifting from corrugated boxes on account of its own benefits.
Expansion plans:
In order to augment the increasing demand of the products manufactured, Company has commenced setting up a new unit of caps and closures in Kotdwar, Uttarakhand, an extension to the existing unit.
Installed capacity and Capacity Utilization for PET Bottle Cap:
Company has acquired three companies.
Company has acquired three companies namely, Purv Technoplast Private limited , Purv Ecoplast Private Limited and Purv Packaging Private Limited in FY 2020-21 and made them wholly owned subsidiaries by acquiring 99.90%, 99.99% and 99.99% respectively.
Purv Ecoplast Private Limited:
Purv Ecoplast Private Limited was incorporated on June 29, 2020 with an object of setting up multilayer flexible film line to produce multilayer flexible film, Zip lock and Zip lock bags with proposed annual installed capacity of 2304 MT of Multilayer Flexible Film, 180 MT of Zip Lock and 2160 lakhs Zip Lock bags.
Purv Ecoplast Pvt. Ltd. was acquired by our Company on March 30, 2021 and has incurred capital expenditure to the tune of Rs. 203.50 Lakhs towards acquiring plant & machineries, setting up factory shed and other installations.
The manufacturing unit is setup on a lease land situated in Howrah, Kolkata. The commercial production has commenced on February 2022.
Purv Packaging Private Limited:
Purv Packaging Private Limited was incorporated on October 17, 2020 with an object of setting up sterilized / antimicrobial film line for all kinds of films with proposed annual installed capacity of 1728 lakh meters.
Purv Packaging Pvt. Ltd. was acquired by our Company on March 27, 2021 and has incurred capital expenditure to the tune of Rs. 46.72 Lakhs towards acquiring plant & machineries, setting up factory shed and other installations.
The manufacturing unit is setup on a lease land situated in Howrah, Kolkata. The commercial production has commenced on December 2021.
Company’s Revenue Breakup: (in Lakhs)
Management Team:
- Mr. Rajeev Goenka (Designation: Chairman and Managing Director)
- Mr. Arun Gourisaria (Designation: Whole – Time Director)
Objectives of the Issue:
Fresh Issue: (Rs. 11.62 cr )
- Funding the Working capital requirements of the Company.
- General corporate purposes.
Peer Group Comparison:
We believe that there no listed peer group comparable companies in India which are purely in the business of manufacturing of a wide range of Plastic Bottle Caps and closures.
In addition to the supply of pet bottle caps, Company also trades in Shrink film as an additional service to its existing customers. Further we believe that there no listed entities which are having comparable turnovers and are focused exclusively in the segment in which company operates.
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | FY 21 | 30th Sept 21 |
|---|---|---|---|---|
| Revenue | 19.20 | 25.75 | 31.29 | 19.10 |
| Net Profit | 1.37 | 3.20 | 2.91 | 1.34 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 10th March 2022 |
| Issue Closes on:. | 15th March 2022 |
| Issue Price | Rs.36 – 38 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 |
| Minimum Investment | Rs.1,14,000 |
| Issue Constitutes | 26.47% |
| Issue Size | Rs.11.62 cr |
| Market Cap | Rs.43.92 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 30,60,000 |
| Equity Shares Prior to the Issue | 85,00,000 |
| Equity Shares after the issue | 1,15,60,000 |
Also Read : List of Upcoming IPO’s in India.
Also Read : List of Upcoming SME IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 21st March 2022 |
| Initiation of Refunds | on or Before 22nd March 2022 |
| Credit of Equity Shares: | on or Before 23rd March 2022 |
| Listing Date: | on or Before 24th March 2022 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 3.43 | 11.07 | 17.90% | 19.18 |
| Check IPO Allotment Status: |
|---|
Link InTime Website: https://linkintime.co.in/PublicIssue/BSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| Cool Caps Industries Limited 23 Sarat Bose Road, Flat No. 1C, 1st Floor, Kolkata 700020 West Bengal Tel: 033 – 24854567 Email: cs@coolcapsindustries.in Website: www.coolcapsindustries.in |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED C – 101, 247 Park, L.B.Ss. Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India Tel: +91 022 – 49186200 Fax: +91 022 – 49186195 Email: coolcaps.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| HOLANI CONSULTANTS PRIVATE LIMITED 401 – 405 & 416 – 418, 4th Floor, Soni Paris Point, Jai Singh Highway, Bani Park, Jaipur – 302016 Tel.: +91 0141 – 2203996 Fax: +91 0141 – 2201259 Email: ipo@holaniconsultants.co.in Website: www.holaniconsultants.co.in |
