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
processors.
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:
Management Team:
- Mr. Pravin Choudhary (Designation: Managing Director)
- Mr. Jayesh Choudhary (Designation: Whole time Director)
- 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 (%) |
|---|---|---|
| Promoters | ||
| 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)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| NAKODA GROUP OF INDUSTRIES LIMITED 239, Bagad Ganj, Nagpur- 440008, Maharashtra India Tel: +91 0712 2778824 Email: info@nakodas.com Website: www.nakodas.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED Bharat Tin Works Building, 1st Floor, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai 400059, Maharashtra Tel: +91 22 62638200 Investor Grievance Id: investor@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India Tel: +91-22 61946700 Investor Grievance Id: ipo@pantomathgroup.com Website: www.pantomathgroup.com |
