About the Company:
Omnipotent Industries Ltd is engaged in the business of supplying bulk and packed bitumen as well as other bituminous products.
Company source the products either through direct imports or buy from third party importers and sell it to our various distributors as well as corporates.
Company is an ISO 9001:2015 and ISO 14001:2015 certified for import, trading and processing of petroleum & petrochemical products.
Company’s products include bitumen 60/70 & 80/100, bitumen VG10, VG30, VG 40; bitumen emulsion, blown bitumen, micro surfacing bitumen and modified bitumen CRMB, PMB, NRMB. Bitumen is most commonly used in construction of roads and highways.
Company is also engaged in the consultancy of setting up of plants for Bitumen & Bituminous products.
consultancy include end to end solutions from identification of land, plant & machinery to imparting training & making policy with staff on marketing & quality testing.
Plant Shifting to Gujarat:
Company have also set up a bitumen decanter plant for melting of bitumen purchased in drums. Road contractors prefer the melted bitumen. It also solve availability and logistics issue with bitumen.
Earlier company’s plant was located in Panvel and we had given it to a third party on contractual basis for operating and managing the plant.
However company is in the process of shifting of this plant at Gandhidham, Kutch, Gujarat. This plant will also be managed by third party operator. This help company in focusing on core strength of procurement and marketing.
Off season for Bitumen supply in India.
Rainy season from June to September is counted as off season for Bitumen supply in India, as all roads and highways construction are stop during the period and hence demand for the bitumen goes down.
Company plan for the same according to month wise and state-wise rainfall scenario to push the sale in a particular state as per the timing of rainfall.
Company has also entered into trading of plastic polymers in July 2021.
Company’s business associations with various importers.
Company also has business associations with various importers, manufacturers, transporters, warehousing & bulk storage entities. This gives us cost advantage due to bulk purchase as well as sharing of logistics cost.
These collaborations also helps in ensuring supply of materials in case of an urgent order from customers.
Company’s Bulk Bitumen Import and Supply Locations:
Competition in the Business:
Bitumen being a vast and global industry, we face competition from various domestic and international players. Though being dominated by the large corporates, the industry is also unorganized and fragmented with many small and medium sized companies and entities.
- Mr. Punit K. Popat (Designation: Non Executive Chairman)
- Mr. Prince P. Shah (Designation: Managing Director)
Objectives of the Issue:
Fresh Issue: (Rs. 18.9 cr)
- Repayment of Loans.
- Augmenting additional working capital requirements
- General Corporate Purposes
Positives for the Company:
Expanding the Geographical network.
- Company has a prominent presence in Mumbai, Gujarat and some parts in West India and nearby markets.
- Company intends to continue developing and nurturing existing market, and create new distribution channels in under and non-penetrated geographies.
- Company aims to further develop the domestic sales networks in those territories where there are lower transportation costs and those which have a significant demand of our products, where company can sell at price-points that can effectively offset higher transportation costs.
Financials of the Company:
|(in Crores)||FY 19||FY 20||FY 21|
Valuation of Peer Group Companies:
|Company Name||Face Value||EPS||PE Ratio||RoNW||NAV|
|Omnipotent Industries Ltd||10||7.97||7.90||76.59%||10.41|
|GBL Industries Ltd||10||0.12||33.77||(-2.52%)||10.84|
|Issue Opens on||16th November 2021|
|Issue Closes on:.||22nd November 2021|
|Minimum Lot||2000 Shares|
|Issue Size||Rs.18.9 cr|
|Market Cap||Rs.38.11 cr|
|Listing at||BSE SME|
|Equity Shares Offered (Fresh)||30,00,000|
|Equity Shares Prior to the Issue||30,50,000|
|Equity Shares after the issue||60,50,000|
Also Read : List of Upcoming IPO’s in India.
|Finalization of Basis of Allotment||on or Before 25th November 2021|
|Initiation of Refunds||on or Before 26th November 2021|
|Credit of Equity Shares:||on or Before 29th November 2021|
|Listing Date:||on or Before 30th November 2021|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Check IPO Allotment Status:|
BSE IPO Website: https://www.bseindia.com/IPO/Allotment
|Company Contact Info:|
|Omnipotent Industries Ltd
1/11, Damji Nenshi Wadi,
Station Road, Bhandup West,
Mumbai – 400078, Maharashtra, India
Tel: +91 22 +91 22 2167 0184
Fax: Not Available
|IPO Registrar Info:|
|BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road, Marol, Andheri East, Mumbai – 400 059
Tel. No.: +91 22 6263 8200
|Lead Manager to the Issue:|
|INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069, Maharashtra
Tel No: +91 22 4075 1500
Fax No: +91 22 4075 1511