About the Company:
Giriraj Civil Delevopers (Incorporated in 2005) is a civil works contracting and engineering company.
Company is currently concentrating on the Railway sector projects, where they undertake a wide scope of work which includes construction of foot over bridges, platform extensions; sick line sheds, stabling lines etc.
Company has also ventured into other infrastructural projects for government / semi-government bodies like MCGM (Municipal Corporation of Greater Mumbai) and MRVC (Mumbai Railway Vikas Corporation) and for various private players.Most of the projects undertaken are in the states of Maharashtra and Gujarat.
Company has successfully completed several projects since inception in 2005 and currently has 21 ongoing projects.
They have executed projects for Western Railway at Borivali, Bhayender, Virar-Dahanu, Goregaon, Lower Parel, Bandra, Dadar, Virar – Surat, etc. and at various western and eastern suburbs for the MCGM.
They have recently successfully completed the project for finalisation of the construction of Ram Mandir station in Mumbai.
Company’s revenue model includes projects undertaken as direct Contract from various government, semi-government and private parties, sub-contracting for other infrastructure companies and also trading of certain construction material.
Company’s Main Clients:
- Indian Railways.
- Western Railway.
- Mumbai Railway Vikas Corporation Limited.
- Central Railway.
Company’s Revenue Model:
- Mr. Mahesh Shah (Designation: Chairman & Managing Director)
- Mr. Krushang Shah (Designation: Whole-Time Director)
- Mrs. Mamta Shah (Designation: Non-executive Non – Independent Director)
Promoters Average Acquisition Cost:
|Name of the Promoter||No. of Shares held||Average Acquisition Cost (in Rs.)|
|Mr. Mahesh Shah||13,27,800||3.89|
|Mrs. Mamta Shah||2,92,000||3.29|
Promoters Stake Pre & Post Issue:
|Shareholder Name||Pre Issue Stake (%)||Post Issue Stake|
|Mr. Mahesh Shah||45.10%||33.20%|
|Mrs. Mamta Shah||9.91%||5.93%|
|Promoter Group Entities||31.01%||20.43%|
Objectives of the Issue:
Offer for Sale (OFS): (Around Rs. 6 crores)
- Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders.
Fresh Issue: (Around Rs.3 crores)
- Repayment of Unsecured Loans.
- Funding expenditure for General Corporate Purposes.
|Particulars||Amount (Rs. in Crores)|
|Repayment Of Unsecured Loans||2.48|
|General Corporate Expenses||0.37|
|Issue Related Expenses||0.15|
|Net Proceeds||3 crores|
Financials of the Company:
|(in Crores)||FY 13||FY 14||FY 15||FY 16||FY 17||31st Dec 17|
Valuation of Peer Group Companies:
|Company Name||Face Value||EPS||PE Ratio||RoNW||NAV|
|Giriraj Civil Delevopers Ltd||10||6.07||16.47||10.14%||119.80|
|CMM Infraprojects Limited||10||21.13||4.52||21.18%||99.79|
|Issue Opens on||19th March 2018|
|Issue Closes on:.||21st March 2018|
|Issue Size||Rs.9 cr|
|Market Cap||Rs.32.44 cr|
|Listing at||NSE SME|
|Equity Shares Offered (Fresh)||3,00,000|
|Equity Shares Offered (OFS)||6,00,000|
|Total Equity Shares Offered (Fresh + OFS)||9,00,000|
|Equity Shares Prior to the Issue||29,44,100|
|Equity Shares after the Issue||3244,100|
|Finalization of Basis of Allotment||on or Before 26th March 2018|
|Initiation of Refunds||on or Before 27th March 2018|
|Credit of Equity Shares:||on or Before 28th March 2018|
|Listing Date:||on or Before 2nd April 2018|
|(Subscription-Category-Wise (no. of times) Till time : 06:00 PM)||Shares Offered||Day-1||Day-2||Day-3|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
Markets Guruji Opinion:
|IPO View||Apply For:||Expected listing Gain:|
|Company Contact Info:|
|Giriraj Civil Delevopers Ltd
Co-operative Housing Society Daulat Nagar,
Road No.10, Borivali (East)
Mumbai – 400066
Tel No: +91 –22– 28906356
|IPO Registrar Info:|
|CAMEO CORPORATE SERVICES LIMITED
Subramanian Building No. 1,
Club House Road
Chennai – 600 002
Tel No.: +91 – 44- 2846 0390/ 1989
Fax No.: +91- 44 – 2846 0129
|Lead Manager to the Issue:|
|ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Tel No.: +91 – 22 – 6216 6999
Fax No.: +91 – 22 – 2263 0434
Investor Email: firstname.lastname@example.org