SMVD Poly Pack Ltd

smvd poly pack

About the Company:

Company is engaged in the business of manufacturing of PP (Polypropylene)/HDPE (High Density Polyethylene) woven sacks bags & Sacks, Leno Bags, Jumbo (Flexible Intermediate Bulk Container) FIBC Bags & HDPE Tarpaulin.

Company started its Operations with initial capacity of 1200 MT per annum and at present has the installed capacity of 4420 MT per annum.

The manufacturing facility of the Company is situated at the prime location in Parganas District of West Bengal which close to and well connected with Kolkata Port and Airport, Haldia Port.

Company’s manufacturing unit is constructed on well developed land having area of about 73843.2 Sq. Ft. and equipped with the latest technology.

With the help of advanced infrastructure, experienced & well trained professional personnel, quality control & labs supports and commitment to produce the best quality products, they have been able to establish ourselves as one of the leading manufacturer of PP/HDPE Woven Sack Bags, FIBC and HDPE Tarpaulin.

Company at present serve both B2B and B2C sectors.Company’s customers segment include from fertilizer plants, Food Corporation of India, Mining & chemical industries, flour mills, ceramic industries, Steel Industries, Plastic compounds, Rice Plants, Poultry Farms etc.

Company has its presence in the following state of the Domestic Market: Rajasthan,Gujarat,Bihar,Odisha,Jammu & Kashmir,Chattisgarh,Uttar Pradesh & Andhra Pradesh.

Apart from above Company also has the presence in the the Federal Democratic Republic of Nepal.

Company’s Product range includes:

  • PP/HDPE Fabric.
  • HDPE Tarpaulin
  • PP/HDPE Bags
  • Scrap
  • Granules (trading item)
  • Plastic coated jute bags


Management Team:

  1. Mr. Pramod Kumar Agarwal (Designation: Managing Director, Chairman)
  2. Ms. Sangita Agarwal (Designation: Non Independent Director)
  3. Mr. Pawan Kumar Agarwal (Designation: Non Independent Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Mr.Pramod Kumar Agarwal 2,68,385 15.89
Ms. Sangita Agarwal 3,68,000 13.26
Aashakiran Commodeal Pvt. Ltd. 10,00,000 26.00


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake (%)
Pramod Kumar Agarwal 8.07% 5.41%
Sangita Agarwal 11.07% 7.41%
Aashakiran Commodeal Private Ltd 30.07% 20.14%
Promoter Group Entities            48.64%              32.58%
Total 97.85% 65.53%


Objectives of the Issue:

  • Capital Expenditure for Business Expansion
  • Additional Working Capital Requirement
  • General Corporate Purposes


Fund Utilization:

Particulars Amount (Rs. in Crores)
Capital Expenditure for Business
Working Capital Loan requirement 0.95
General Corporate Purposes 1.00
Issue Expenses 0.56
Net Proceeds 9.02 crores


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 31st July 17
Revenue  6.26  23.80  29.38  29.82  36.12  17.17
Net Profit  (-0.34)  (-0.19) 0.067  0.06  1.19  0.60


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
SMVD Poly Pack Ltd 10 3.59 15.32 16.58 54.14
Commercial Syn bags Ltd 10 4.87 9.24 12.84 33.05
Flexituff International Ltd 10 3.46 21.58 2.23 155.41
Kanpur Plastipack Ltd 10 11.71 10.16 17.44 58.7
EMMBI Industries Ltd 10 7.20 30.57 14.85 48.44
RDB Rasayan Ltd 10 2.35 23.09 8.17 38.97
Shree Tirupati Balajee FIBC Ltd 10 3.86 11.15 16.45 23.49


IPO Details:

Details Info
Issue Opens on 13th December 2017
Issue Closes on:. 15th December 2017
Issue Price Rs.55
Face Value Rs.10
Minimum Lot 2000
Minimum Investment Rs.1,10,000
Issue Constitutes 33.03%
Issue Size Rs.9.02 cr
Market Cap Rs.27.30 cr
Listing at NSE SME
Total Equity Shares Offered (Fresh) 16,40,000
Equity Shares Prior 33,25,400
Equity Shares after the issue 49,65,400


Important Dates:

Finalization of Basis of Alottment on or Before 20th December 2017
Initiation of Refunds on or Before 21th December 2017
Credit of Equity Shares: on or Before 22th December 2017
Listing Date: on or Before 26th December 2017

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IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
3.59 15.32 16.59% 21.66


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Neutral NA NA


Company Contact Info:
SMVD Poly Pack Ltd
71, BRB Basu Road, Block-A,
Room No. 513, Kolkata, West Bengal-700001
Contact Person: Mr. Prateek Agarwal
Tel No.: 033-22350460


IPO Registrar Info:
SEBI Regn. No.: INR000003241
Regd. Off.: D-153 A, 1st Floor,
Okhla Industrial Area, Phase-I, New Delhi-110020.
Tel No.: +91-11-26812682, 64732681-88
Fax No.: +91-11-26812683
Contact Person: Mr. Virender Rana
Email id.:


Lead Manager to the Issue:
SEBI Regn. No.: MB/INM000012276
Regd. Off.:160 (Basement),
Vinoba Puri, Lajpat Nagar –II, New Delhi- 110024
Tel No.: +91-11-41704066
Contact Person: Mr. Kulbhushan Parashar