Nakoda Group of Industries Ltd

Nakoda Group of Industries

About the Company:

Nakodas (Incorporated in 2013) is engaged in manufacturing of tutti fruity (Diced Chelory) also called as “Papaya Preserve” and canned fruit cubes which comes under the category of bakery products.

Company is also engaged in processing of almonds which are imported from California and other Middel east countries by the traders in Maharashtra. They are also engaged in trading of sesame seeds, clove, cutpeel murabba, karonda, daalchini and toor daal.

As on March 2017, Company’s revenue from almond processing consists of 45.93%, manufacturing of tutti fruity consists of 23.92% and from trading consist of 30.14%.

Out of the total revenue generated from manufacturing of tutti Fruity i.e. 5.53 crores, 61.36% is generated from Exporting to London, Malaysia, Dubai, Saudi Arab and 38.64% is from the domestic sale.


Some Background about the Nakoda Group.

Since 1998, Navkar Processors the sole proprietorship of Pravinkumar Choudhary exports its products to Middle East & European Countries. Subsequently Nakoda group took over the business of Navkar Processors from July 18, 2016.

From 18 July 2016, Nakoda Group of Industries Ltd started running business of M/s. Navkar Processors the sole proprietorship concern of the promoter Pravin Choudhary  and subsequently business of this proprietorship concern was merged into the Company.


Who are Company’s Customers?

They supply their canned fruit cubes to Industrial users, bakeries and confectionery units. Company’s customers include food manufacturers and food and flavour

Company’s Clients are Ice-Cream Factories, Bakeries, Sweets & Namkeens Factories, Airline Companies & Railway Catering.They sell their products to brands like Mapels, Havmor, Haldiram and Vadilal etc.


Company’s Business Activity:

business activity


Management Team:

  1. Mr. Pravin Choudhary (Designation: Managing Director)
  2. Mr. Jayesh Choudhary (Designation: Whole time Director)
  3. Ms. Manju Choudhary (Designation: Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Pravin Choudhary 33,94,800 10
Jayesh Choudhary 9,04,700 10


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake (%)
Pravin Choudhary 67.90% 49.54%
Jayesh Choudhary 18.09% 13.20%
Promoter Group Entities            14.01%            10.22%
Total 100% 72.97%


Objectives of the Issue:

  • Working Capital Requirement.
  • General Corporate Purpose.


Fund Utilization:

Particulars Amount (Rs. in Crores)
Working Capital requirements 5.48
General Corporate Expenses 0.50
Net Proceeds 6.48 cr


Peer group Comparison:

We believe that there are no listed Companies in India which are engaged in manufacturing of tutti fruity and processing of almonds. Further there are no listed entities which are focused exclusively on the segment in which Nakoda Group of Industries Ltd operate. Hence we cannot make any Comparison.


Financials of the Company:

(in Crores) FY 17 31st Dec 17
Revenue 23.78 43.94
Net Profit 0.48 0.99


IPO Details:

Details Info
Issue Opens on 23rd May 2018
Issue Closes on:. 28th May 2018
Issue Price Rs.35
Face Value Rs.10
Minimum Lot 4000 shares
Minimum Investment Rs.1,40,000
Issue Constitutes 27.03%
Issue Size Rs.6.48 cr
Market Cap Rs.23.98 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 18,52,000
Equity Shares Prior to the Issue 50,00,000
Equity Shares after the Issue 68,52,000


Subscription Details: (will be Updated)

(Subscription-Category-Wise (no. of times) Till time : 06:00 PM) Shares Offered 23/5 24/5 Day-3 Day-4
HNI 8,76,000 1.72 1.72
Retail 8,76,000 0.10 0.16
Others 1,00,000 0.00 0.00
Employee ———– —– —–
TOTAL 18,52,000 0.86 0.88


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV) Debt equity Ratio
2.87 12.20 8.81% 10.78 3.46



Check IPO Allotment Status:

Bigshare Website (Click on the below Link)


Company Contact Info:
239, Bagad Ganj,
Nagpur- 440008,
Maharashtra India
Tel: +91 0712 2778824


IPO Registrar Info:
Bharat Tin Works Building, 1st Floor, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri East, Mumbai 400059,
Tel: +91 22 62638200
Investor Grievance Id:


Lead Manager to the Issue:
406-408, Keshava Premises, Behind Family Court,
Bandra Kurla Complex, Bandra (East),
Mumbai – 400051, Maharashtra, India
Tel: +91-22 61946700
Investor Grievance Id: