About the Company:
Company is engaged in manufacturing of water control gates, flap valves, knife gates valves, energy dissipating valves, water hammer control valves, fine and coarse screens, screening conveying equipment, screening washing, compaction equipment &industrial valves etc.
Company offers a single stop solution under one roof including Design, Casting, Fabrication, and Assembly & Testing and provides the most varied range of these products in largest possible sizes.
Products of the Company find application in water intake systems, water and waste water pumping stations and treatment plants, storm water pumping stations, water transmission lines, power, steel, cement, paper & pulp, petrochemicals & chemical, fertilizers companies.
Company’s manufacturing facilities are equipped with pattern making, foundry, machining, fabrication, inspection and in-house testing.
Company caters to the domestic as well as international markets. Presently, it primarily derives its revenue from the domestic market which contributed more than 70% of the total revenue in FY 2017.
Management Team:
- Mr. Laxminandan Amin (Designation: Chairman and Managing Director)
- Mr. Navin Chandra Patel(Designation: Managing Director)
- Mr. Axel Schutte (Designation: Non-Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Mr. Laxminandan Amin | 2,67,385 | 15.39 |
| Mr. Pratik Patel | 19,11,465 | 18.06 |
| Mrs. Bhairavi Patel | 2,52,308 | 19.73 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoters | ||
| Mr. Pratik Patel | 19.96% | 16.15% |
| Mrs. Bhairavi Patel | 2.63% | 2.13% |
| Mr. Harsh Patel | 4.70% | 3.80% |
| Mr. Laxminandan Amin | 2.79% | 2.26% |
| Promoter Group Entities | 31.00% | 29.26% |
| Total | 61.08% | 53.60% |
Strengths of the Company:
- Established brand in water control & waste management.
- Comprehensive Product Portfolio.
- Diversified Customers Base.
- Global Presence: over 45 countries.
- In-house Research & Development.
- Technical Collaborations with global players.
Objectives of the offer:
- Working capital requirement of the Company.
- Expansion of Manufacturing facilities at Unit III.
- To acquire leased land and to set- up new manufacturing plant at SEZ Pithampur.
- General Corporate Purposes.
Fund Utilisation:
| Particulars | Amount (Rs. in Lakhs) |
|---|---|
| Working capital requirements | 900.00 |
| Expansion of Manufacturing facilities | 193.48 |
| To acquire leased land and to set- up new manufacturing plant. | 859.14 |
| General Corporate Purposes | 359.45 |
| Net Proceeds | 2312.07 |
| Check IPO Allotment Status: |
|---|
Link InTime Websitehttps://linkintime.co.in/PublicIssues/ |
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 |
|---|---|---|---|---|---|
| Revenue | 76.97 | 105.81 | 112.01 | 113.05 | 147.82 |
| Net Profit | 2.48 | 8.06 | 7.83 | 8.74 | 10.51 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 28th September 2017 |
| Issue Closes on:. | 3rd october 2017 |
| Issue Price | Rs.115 – 120 |
| Face Value | Rs.10 |
| Minimum Lot | 1200 |
| Minimum Investment | Rs.1,44,000 |
| Issue Constitutes | 33.80% |
| Issue Size | Rs.48 cr |
| Market Cap | Rs.142.03 cr |
| Listing at | NSE SME |
| Equity Shares Offered(Fresh + OFS) | 40,00,800 |
| Equity Shares Prior | 95,75,400 |
| Equity Shares after the issue | 1,18,36,598 |
Important Dates:
| Finalization of Basis of Alottment | on or Before 6th October 2017 |
| Initiation of Refunds | on or Before 9th October 2017 |
| Credit of Equity Shares: | on or Before 10th October 2017 |
| Listing Date: | on or Before 11th October 2017 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 10.72 | 11.19 | 12.26% | 87.44 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Long Term | 20% |
