About the Company:
Narmada Agrobase Limited is an ISO 9001:2015 certified company and engaged in manufacturing & processing of cotton seed meal cake, cattle feeds and soya bean meal.
Company is a manufacturer and exporter of cotton seed meal, guar meal, delinted cotton seed, organic fertilizers and cattle feed under own brand name of “Churma”and “Gaay Chhaap Narmada Pashu Aahar”.
Company has a flagship brand which commands a high reputation for quality products, efficient services and level of reliability as a stable supplier of quality products in cattle feed Industries.
Products manufactured by the company are used for feeding of cattle which provides high amount of proteins and other nutrients required by them. Also the by-products are used in textiles Industry, Consumer Goods Industry and Paper Industry.
Products manufactured by the Company are as Follows:
- Cattle Feeds.
- Cotton Seeds Meal Cake.
- Cotton Seeds Meal Grinder.
- Delinted Cotton Seeds.
- Guar Meal.
- Cotton Linter.
- Neem Cake Fertilizers.
- Soyabean Meal.
- Cotton Seeds Hulls.
Products Revenue Breakup: (in Lakhs)
Geographical Revenue Breakup: (in Lakhs)
Capacity Utilization:
Management Team:
- Mr. Neerajkumar Sureshchandra Agrawal (Designation: Chairman and Managing Director)
- Mr. Suresh Chandra Gupta (Designation: Whole Time Director)
- Mr. Manishkumar Suresh Kumar Tibrewal (Designation: Non Executive Independent Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Mr. Suresh Chandra Gupta | 10,78,350 | 6.21 |
| Mr. Neerajkumar Suresh chandra Agrawal | 18,86,900 | 8.81 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake (%) |
|---|---|---|
| Promoters | ||
| Mr. Suresh Chandra Gupta | 20.79% | 14.33% |
| Mr. Neerajkumar Sureshchandra Agrawal | 36.38% | 25.07% |
| Promoter Group Entities | 42.83% | 29.52% |
| Total | 100% | 68.92% |
Objectives of the Issue:
- To Meet Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 6.0 |
| General Corporate Expenses | 1.18 |
| Issue Related Expenses | 0.30 |
| Net Proceeds | 7.48 cr |
Peer Group Comparison:
Narmada Agrobase Ltd is Currently engaged in the business of manufacturing of cattle feeds, cotton seeds and Pallets and there is no listed peer group company which are strictly comparable to them with respect to the industry and business segment in which they operate and the size of the company.
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | 30th Sept 17 |
|---|---|---|---|---|---|
| Revenue | 2.09 | 22.03 | 30.70 | 34.44 | 17.40 |
| Net Profit | (-0.024) | 0.14 | 0.19 | 0.30 | 0.21 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 28th April 2018 |
| Issue Closes on:. | 11th April 2018 |
| Issue Price | Rs.32 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 |
| Minimum Investment | Rs.1,28,000 |
| Issue Constitutes | 31.09% |
| Issue Size | Rs.7.48 cr |
| Market Cap | Rs.24.08 cr |
| Listing at | NSE SME |
| Equity Shares Offered | 23,40,000 |
| Equity Shares Prior to the Issue | 51,87,063 |
| Equity Shares after the Issue | 75,27,063 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.85 | 37.65 | 12.48% | 6.81 |
| Check IPO Allotment Status: |
|---|
Karvy Website (Click on the below Link)http://kosmic.karvy.com:81/ipotrack/ |
| Company Contact Info: |
|---|
| Narmada Agrobase Limited 613/P-1 IJ Pura (Jethaji) Dhanpura Road, Tal. Jotana, Mahesana -384421, Gujarat, India Tel. No. +91-2762-265165 E-mail:info@narmadaagrobase.com Website: www.narmadaagrobase.com |
| IPO Registrar Info: |
|---|
| KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad-500 032, India Tel No.:+91-040-6716 2222 Fax No.: +91-040-2343 1551 Email: einward.ris@karvy.com Investor e-mail: narmadaagrobase.ipo@karvy.com Website: www.karisma.karvy.com |
| Lead Manager to the Issue: |
|---|
| CORPORATE CAPITALVENTURES PRIVATE LIMITED 160, Lower Ground Floor, Vinoba Puri, Lajpat Nagar – II, New Delhi – 110 024, India Tel No.: +91–11–4170 4066; Fax No.: +91–11–2983 2706 Email: investors@ccvindia.com Website: www.ccvindia.com |
