About the Company:
Nupur Recyclers is growing in the field of import of non-ferrous metal scrap such as shredded Zinc Scrap, Zinc die cast scrap, Zurik SS scrap and Aluminium zorba grades. It is also involved in trading of these metal.
Company develops efficient recycled products and work with the customers to give them quality products. It processes a different range of materials with the pieces of equipment and work with the customers to give them quality products.
Company’s promoter’s have experience of over three decades in the sphere of trading of Scrap of non ferrous metal, Copper, Zinc, Zuric, Aluminium, lead, magnesium Brass, zinc ingot and various other metals.
Company operates as an important intermediary in the Metals scrap Supply Chain whereby company imports scrap metals such as zinc, zurik (shredded nonferrous metals predominantly comprising stainless steel, plus insulated copper wire (ICW), aluminium, copper, lead, magnesium and other metals) from various suppliers and supply the same to customers in the Metal Business.
Company’s B2B model:
Company’s business model is based on B2B model wherein the Company sells the scrap to the business enterprises who further transform the scrap into finished product as per their requirements.
Company also process and segregate the scrap metals and sell them as per the customers’ requirements as per their quality by assigning specific grades.
New Business Verticals:
Company has also added two new verticals of Installation of Charging stations in Delhi NCR Region in collaboration with EVi Tech. Additionally Extraction of Lithium Ion, Cobalt and Black Mass from the used Mobile Phone batteries and processing to enable it for Refurbishment.
Company’s Capacity Utilization:
The Company is engaged in the business of trading, import of ferrous and non-ferrous metal scrap.
The Company has started manufacturing of ingots from July 01, 2021. Presently, there are two furnaces, the capacity utilisation of one more furnace while working from 13 to 14 hours is 3.5 tonnes per day.
Management Team:
- Mr. Rajesh Gupta (Designation: Managing Director)
- Mr. Devender Kumar Poter (Designation: Director)
Objectives of the Issue:
Fresh Issue: (Rs.34.2 cr)
- To meet out the Working Capital requirements of the Company.
- To meet out the General Corporate Purposes.
- To meet out the Issue Expenses.
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | FY 21 | 30th June 21 |
|---|---|---|---|---|
| Revenue | 0.90 | 13.21 | 104.97 | 39.34 |
| Net Profit | 0.01 | 0.03 | 10.00 | 6.64 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Nupur Recyclers Ltd | 10 | 4.40 | 13.64 | 0.40% | 6.66 |
| Rajnandini Metal Ltd | 10 | 3.97 | 38.84 | 25.88% | 10.62 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 13th December 2021 |
| Issue Closes on:. | 15th December 2021 |
| Issue Price | Rs.60 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 Shares |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 27.40% |
| Issue Size | Rs.34.2 cr |
| Market Cap | Rs.124.8 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 57,00,000 |
| Equity Shares Prior to the Issue | 1,51,00,000 |
| Equity Shares after the issue | 2,08,00,000 |
Also Read : List of Upcoming IPO’s in India.
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 6.63 | 13.64 | 0.99% | 6.66 |
| Company Contact Info: |
|---|
| Nupur Recyclers Ltd Plot No. 5, G/F, Kh No. 12/8 & 12/9 Kh-12, Arjun Gali New Mandoli Industrial Area, Near Shri Ram Bal Bharti Public School, North East Delhi-110093, India Tel: +91-7503697299; Fax: N.A. E-mail: compliance@nupurrecyclers.com Website: www.nupurrecyclers.com |
| IPO Registrar Info: |
|---|
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153 A, 1st Floor, Okhla Industrial Area, Phase – I , New Delhi-110020 Tel No: +91- 11-40450193-97; Email: compliances@skylinerta.com Website: www.skylinerta.com |
| Lead Manager to the Issue: |
|---|
| CORPORATE CAPITAL VENTURES PRIVATE LIMITED B-1/E-13, Mohan Cooperative Industrial, Estate Mathura Road, New Delhi 110044 Tel: +91 11 – 41824066; Email: kp@ccvindia.com Website: www.ccvindia.com |
