CRP Risk Management Ltd

CRP Risk Management Ltd

About the Company:

CRP Risk Management Ltd (Headquartered in Mumbai) a risk management and risk mitigation enterprise.They verify critical information for large and mid-sized corporate and provides services to multiple departments like Finance, Compliance, Operations etc.

Over the last one and half decade we have evolved from being an Employee Background check entrepreneurial start-up to an Integrated risk mitigation solutions company with professional management team and international best practices.

They had initially started as a Credit Verification agency for retail banking. Post that they reinvented themselves to use their strengths in the HR Services and Employee Background Check services.

Thereafter they again realigned the business model and had started reducing their HR Services and employee background check services business since FY 2015 and completely discontinued their HR Services and employee background check services during FY 2017 to focus on higher value addition and complex services of risk management and risk mitigation.

They have partnered with leading players in the Indian Insurance Industry to efficiently address their New Business Risk Mitigation, Claims investigation, Special Projects and Processing Outsourcing Solutions.

CRP is engaged with multiple clients in BFSI segment to conduct verification for their Home loans/ Mortgage loan customers.

They also have a Veterinary Division (started from FY 2015) wherein they deal in various types of veterinary products such as poultry feed enzymes; poultry feed toxin binders, aquaculture feeds and other products.

Company’s Products Services are as follows:

  • Insurance Services.
  • KYC Checks.
  • Verification.
  • NPA Investigation.
  • KYP [Know Your People]
  • Veterinary Division.

Company’s Business portfolio is segmented in the following verticals:

Segmentwise Revenue Breakup (FY 17):

Segment FY 17 (crores) % wise
Services 21.59 26.32%
CRP Veterinary Division (Trading) 59.42 73.68%
Total 82.11 cr 100%


Details About each Business Verticals:

Management Team:

  1. Mr.Hitesh Asrani (Designation: Executive Director and Chief Financial Officer)
  2. Mr.Mohammed Raza Sayyed (Designation: Managing Director)
  3. Mr.Nisha Asrani (Designation: Chairman and Non- Executive Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Hitesh Asrani 1,13,32,040 1.17


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake
Hitesh Asrani 84.04% 64.81%
Promoters Group Entities             2.03%           1.57%
Total 86.07% 66.38%


Objectives of the Issue:

Offer for Sale (OFS): (Around Rs. 6.81 crores)

  • Company will not receive any proceeds from the Offer for Sale.proceeds of the Offer for Sale will go to the Selling Shareholders.

Fresh Issue: (Around Rs.24 crores)

  • Prepayment or repayment of a portion of loan facilities availed by our Company
  • Purchase of Computer Hardware and Office Equipment
  • Meeting Additional Working Capital Requirements
  • Additional Infrastructure at our Registered Office and Corporate Office at Mumbai
  • Marketing and Brand Building
  • General Corporate Purposes


Peer Group Comparison:

  • There are no listed peer group companies which are engaged in the business similar to CRP Risk Management Ltd, hence we cannot make any comparison.


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 31st July 17
Revenue  76.79 98.75  92.30 74.71 82.11  24.58
Net Profit  4.45  5.12  4.20  1.77  5.05 1.64


IPO Details:

Details Info
Issue Opens on 18th January 2018
Issue Closes on:. 22nd January 2018
Issue Price Rs.60
Face Value Rs.10
Minimum Lot 2000
Minimum Investment Rs.1,20,000
Issue Constitutes 29.37%
Issue Size Rs.30.81 cr
Market Cap Rs.104.90 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 40,00,000
Equity Shares Offered (OFS) 11,36,000
Total Equity Shares Offered (Fresh + OFS) 51,36,000
Equity Shares Prior to the Issue 1,34,84,900
Equity Shares after the Issue 1,74,84,900


IPO Valuation parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
3.88 15.44 17.19% 22.60


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Subscribe Long Term 15%


Company Contact Info:
CRP Risk Managemnet Ltd
B – 208-209 Classique Centre, Off. Mahakali Caves,
Andheri (East), Mumbai – 400 093,
Maharashtra, India
Tel: +91 22 4211 6000
Fax: +91 22 4211 6040


IPO Registrar Info:
4A9, Gundecha Onclave,
Kherani Road, Sakinaka, Mumbai – 400 072
Tel No: +91 22 2851 1022 / 6221 5779
Grievance Email:;


Lead Manager to the Issue:
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End)
Western Express Highway, Andheri (East) Mumbai – 400 069,
Maharashtra, India
Tel No: +91 22 4075 1500;
Fax No: +91 22 4075 1511;
Grievance Email: