MRC Exim Ltd

mrc exim

About the Company:

Company is engaged in the business of trading of various industrial, metals and alloy products including iron and steel.They are a multi-product trading company with a diverse product portfolio.

Company started the trading business from the last quarter of FY 2016.

They directly buy their required products from manufacturers. Hence they can get the products modified as per their customer’s specifications.

They look forward to every opportunity that exists in market and work to develop and enhance their current business and product portfolio.

They are currently serving the corporate and other clients from fabrication and manufacturing industry.

The portfolio of metal products currently being traded by our Company includes the following:

Industrial Products:

  • GI Pipes
  • Insulators
  • Transmitter
  • Heat Exchangers
  • Conductors
  • Water Pumps

Alloys & Metal Products:

    • Graphite
    • Cobalt
    • Tungsten
    • Aluminum & Aluminum Sections
    • Iron & Steel
    • Steel Products


Management Team:

  • Mr.Kirit Kumar Shah (Designation: Managing Director Executive and Non-Independent Director)
  • Mr.Chandu K. Jain (Designation: Director Non-Executive and Non-Independent Director)
  • Mr.Nilamben Vijaykumar Mehra (Designation: Independent Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Kirit Kumar Shah  1657000 9.77
Chandu K. Jain  522750 9.997


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake (%)
Kirit Kumar Shah 22.33 15.90
Chandu K Jain 7.04 5.02
Promoter Group Entities             15.37              10.94
Total 44.74% 31.86%


Objectives of the Issue:

  • Augmenting additional working capital requirements.


Fund Utilization:

Particulars Amount (Rs. in Crores)
Working Capital requirements 4.05
Issue Expenses 0.45
Net Proceeds 4.5 cr


Financials of the Company:

(in Crores) FY 16 FY 17 30th Sept 17
Revenue  4.09 16.69  9.07
Net Profit  0.012 0.12  0.046


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
MRC Exim Limited 10 0.53 28.24 1.59 25.19
Kothari Products 10 16.6 11.7 8.1 276.2


IPO Details:

Details Info
Issue Opens on 6th December 2017
Issue Closes on:. 8th December 2017
Issue Price Rs.15
Face Value Rs.10
Minimum Lot 8000
Minimum Investment Rs.1,20,000
Issue Constitutes 28.79%
Issue Size Rs.4.5 cr
Market Cap Rs.15.63 cr
Listing at BSE SME
Total Equity Shares Offered (Fresh) 30,00,000
Equity Shares Prior 74,20,900
Equity Shares after the issue 1,04,20,900


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
0.53 28.24 1.59% 25.19

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Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Avoid NA NA


Company Contact Info:
MRC Exim Ltd
106, Siddhesh Apartment, 2nd Khattar gali, Thakurdwar Road,
Charni Road East, Mumbai – 400 004, Maharashtra, India
Tel: +91 22 2203 1638
Fax: +91 22 2203 1638


IPO Registrar Info:
No. 9, Shiv Shakti Ind. Estate,
Gr. Floor, J. R. Boricha Marg
Lower Parel, Mumbai-400 011
Tel: +91 22 2301 6761/8261
Fax: +91 22 2301 2517


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