About the Company:
Godha Cabon and Insulation is one of the leading manufacturer of ACSR (Aluminium Conductor Steel Reinforced), AAAC (All Aluminium Alloy Conductor)/AAC (All Aluminium Conductor).
Company is one of the leading company in the State of Madhya Pradesh and have latest machines having best technology.
Currently company is supplying to state electricity companies.They are also targeting Power Grid Corporation of India Limited to bring its products at national level.
Company offers a product range which includes:
- AAAC Conductor (All Aluminium Alloy Conductor)
- ACSR Conductor (Aluminium Conductor, Steel Reinforced)
- AAC Conductor (All Aluminium Conductor)
Lets take a look at Company’s History:
Late Shri Dilip Godha had set up an ACSR Conductor manufacturing unit at Dewas in the year 1987 in the name of “Dewas Conductor” and ran the same unit until year 2002. However, on account of ill health, he was not in a position to control and supervise the same and his son Mr. Dipesh Godha being a minor at that point of time, the production of the unit was discontinued.
Thereafter, the unit was re set-up at Indore in the year 2006 under a partnership firm “M/s Godha Cabcon & Insulation” with a installed capacity of 5800 MTPA to cater the needs of the private sector.
The unit started its production w.e.f. April 11, 2007. All activities were looked after by Mr. Dipesh Godha under the guidance of his father, Late Dilip Godha who was not able to look after day to day activity due to ill health.
The firm was dissolved on account of death of Mr. Dilip Godha on December 04, 2008 and the business was carried on in the name of Proprietorship Concern “Godha Cabcon & Insulation” and Mrs. Madhu Godha was the Sole Proprietor..
After securing ISI accreditation in the year 2011, the firm started taking participation in Government Tenders floated by the State Electricity Boards which has given tremendous growth performance.
In view of significant increase in demand for the products and the capacity constraint, it expanded its capacity by installing Wire Drawing Machine based on latest technology which can draw Two Wires at a time. This is first of its kind installation in the State of Madhya Pradesh. With this, the capacity of the Concern had increased to 15000 MTPA.
The Godha Cabcon & Insulation was taken over by the company w.e.f. July 16, 2017 on a total consideration of Rs.5.87 cr and company had issued its Equity Shares at Par against the said consideration to Mrs. Madhu Godha Sole Proprietor of Godha Cabcon & Insulation.
Company’s Top Customers:
- Madhya Pradesh Paschimkshetra Vidhyut Vitran Co. Ltd.
- Madhya Pradesh Madhyakshetra Vidhyut Vitran Co. Ltd.
- Madhya Pradesh Purvakshetra Vidhyut Vitran Co. Ltd.
Management Team:
- Mr. Dipesh Godha (Designation: Executive Director & CEO)
- Mrs. Rupali Godha (Designation: Executive Director)
- Mrs. Madhu Godha (Designation: Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Mr. Dipesh Godha | 2,36,500 | 29.58 |
| Ms. Rupali Godha | 5,000 | 10.00 |
| Ms. Madhu Godha | 78,58,460 | 15.05 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoters | ||
| Mrs. Madhu Godha | 97.018 | 70.797 |
| Mrs. Rupali Godha | 0.062 | 0.045 |
| Mr. Dipesh Godha | 2.919 | 2.131 |
| Promoter Group Entities | 0.001 | Negligible |
| Total | 100% | 72.9% |
Objectives of the Issue:
To meet the Working Capital Requirements.
To meet General Corporate Expenses.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 7.65 |
| General Corporate Expenses | 2.25 |
| Net Proceeds | 9.9cr |
Financials of the Company:
| (in Crores) | 31st Oct 17 |
|---|---|
| Revenue | 21.23 |
| Net Profit | 0.93 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 27th April 2018 |
| Issue Closes on:. | 3rd May 2018 |
| Issue Price | Rs.30 – 33 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 |
| Minimum Investment | Rs.1,32,000 |
| Issue Constitutes | 27.03% |
| Issue Size | Rs.9.9 cr cr |
| Market Cap | Rs.36.63 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 30,00,000 |
| Equity Shares Prior to the Issue | 81,00,000 |
| Equity Shares after the Issue | 1,11,00,000 |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 06:00 PM) | Shares Offered | 27/4 | 30/4 | 2/5 | 3/5 |
|---|---|---|---|---|---|
| HNI | 14,20,000 | 0.008 | 0.12 | 0.36 | 1.09 |
| Retail | 14,20,000 | 0.05 | 0.13 | 0.65 | 1.69 |
| Others | 1,60,000 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee | ——- | —- | —- | —- | — |
| TOTAL | 30,00,000 | 0.03 | 0.124 | 0.47 | 1.31 |
IPO Valuation Parameters: (Upto 31st Oct 2017)
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 3.17 | 10.41 | 8.15% | 15.42 |
| Check IPO Allotment Status: |
|---|
Karvy Website (Click on the below Link)http://kosmic.karvy.com:81/ipotrack/ |
Knowledge Corner: (Click on the Link)
| Company Contact Info: |
|---|
| GODHA CABCON & INSULATION LTD. 36-D, Sector B, Sanwer Road, Industrial Area, Indore-452006 Tel: 0731-4029509, +91-9425066533 E-mail: compliance.godhacabcon@gmail.com Website: www.godhacabcon.com |
| IPO Registrar Info: |
|---|
| KARVY COMPUTERSHARE PRIVATE LIMITED CIN: U72400TG2003PTC041636 Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad-500 032. Tel No.: +91 40 6716 2222 Investor E-Mail ID: godhacabcon.ipo@karvy.com Website: https://www.karvycomputershare.com/ |
| Lead Manager to the Issue: |
|---|
| MARK CORPORATE ADVISORS PRIVATE LIMITED 404/1, The Summit Business Bay, Sant Janabai Road (Service Lane), Off W. E Highway, Vile Parle (East), Mumbai-400 057. Tel. No.: +91 22 2612 3207/08 E-Mail ID: smeipo@markcorporateadvisors.com Website: www.markcorporateadvisors.com |
