About the Company:
Diggi Multitrade was initially engaged in the business of carrying on trading activities by dealing in stock market in all kinds of securities and other financial products.
During the initial years they were investing and trading in equity shares (quoted and non-quoted), derivatives and other financial products.
In the year 2013-2014, Company forayed in the business of trading in fabrics, real estate and allied activities and construction material.
Company is currently engaged in trading in real estate by way of acquiring interests in various real estate projects such as flats and land where they typically purchase the flat from the builders and is sold to a third party at a price higher than the price originally paid by them to the builder.
Company has recently ventured into the trading in construction material.They procure material locally as well as inter states at the prevailing market prices and sell the same at a profit margin in the range of 5% to 10%.
A substantial amount of company’s business activities are concentrated in certain areas of Mumbai suburbs such as Mira Road and Naigaon. They are also in process of establishing their presence in other areas of Mumbai suburbs.
Management Team:
- Mr. Anil Kumar Patni (Designation: Managing Director)
- Mr.Varun Dhandh (Designation: Executive Director and Chief financial officer)
- Mr.Satyaprakash Singh (Designation: Independent Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Varun Dhandh | 5,77,000 | 10 |
| Girdhari Lal Sharma | 5,22,000 | 10 |
| Anil Kumar Patni | 6,75,000 | 10 |
| GirdhariLal Sharma (HUF) | 2,01,000 | 10 |
Objectives of the Issue:
- To meet the Incremental working capital requirements;
- To meet the Issue Expenses.
Peer Group Comparison:
Diggi Multitrade is engaged in the business of trading in real estate by way of acquiring interests in various real estate projects such as flats, land and dealing in construction material.
Currently there are no listed companies in the peer group company which are strictly comparable to them with respect to the industry in which they operate and the size of the Company, So we will not make any comparison.
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 30th Sept 17 |
|---|---|---|---|---|---|---|
| Revenue | 0.01 | 0.60 | 2.06 | 1.0 | 1.87 | 1.83 |
| Net Profit | 0.008 | 0.017 | 0.034 | (-0.025) | 0.06 | 0.24 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 11th December 2017 |
| Issue Closes on:. | 14th December 2017 |
| Issue Price | Rs.13 |
| Face Value | Rs.10 |
| Minimum Lot | 10,000 |
| Minimum Investment | Rs.1,30,000 |
| Issue Constitutes | 27.07% |
| Issue Size | Rs.3.38 cr |
| Market Cap | Rs.12.58 cr |
| Listing at | BSE SME |
| total Equity Shares Offered (fresh) | 26,00,000 |
| Equity Shares Prior | 70,77,500 |
| Equity Shares after the issue | 96,77,500 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.09 | 144.44 | 0.86% | 10.12 |
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Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Avoid | NA | NA |
| Company Contact Info: |
|---|
| Diggi multitrade Ltd D-106, Crystal Plaza, Opposite Infiniti Mall, Link Road,Andheri (West), Mumbai – 400 053, Maharashtra, India Email : info@diggimultitrade.com Website: www.diggimultitrade.com |
| IPO Registrar Info: |
|---|
| PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED 9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower Parel (East), Mumbai- 400 011, Maharashtra, India. Tel: +91-22-2301 8261 Fax: +91-22-2301 6761 Email: busicomp@vsnl.com Website: www.purvashare.com |
| Lead Manager to the Issue: |
|---|
| GRETEX CORPORATE SERVICES PRIVATE LTD 102, 1st Floor, Atrium-2, Behind Coutyard Marriott Hotel, Andheri Kurla Road, Hanuman Nagar, Andheri- East, Mumbai-400093, Maharashtra Tel. No.: +91-22 -4002 5273/9836822199 Fax No.: +91-22-4002 5273 SEBI Registration No: INM000012177 Email:info@gretexgroup.com Website: www.gretexcorporate.com |
