About the Company:
Headquartered in the Mumbai, Aarvi Encon Ltd delivers unparalleled level of world-class Engineering and Manpower Outsourcing Services.
For more than a three decades, India’s leading companies have turned to Aarvi Encon for their outsourcing needs for Engineering and Technical Manpower.Company is providing services to corporates in Oil & Gas, Power, Refinery / Petrochemical, Pipeline, Infrastructure sectors in India and Abroad.
They have been creating value for our clients in India and Overseas by delivering world-class Engineering and Manpower Outsourcing Services.
They also offer various project services like Project Management, Construction Supervision, As Built Drawing Preparation, CAD conversion, Inspection Services, Procurement Assistance, Expediting, Pre-commissioning & Commissioning Assistance, Shut Down / Turn Around Assistance, Operation and Maintenance, etc.
Today they are serving for 135 clients and around 3000 plus employees are on company’s payroll.
Company had established foreign subsidiary in October 2015 at Sharjah Airport International (Free Zone Est.) to provide technical manpower to oil & gas and other sectors. The subsidiary is fully established and has secured various contracts in the gulf region.
The company targets sectors like Oil & Gas, Power, LNG, PNG, refinery, Petrochemical, Pipeline, Wind power, Solar Power, Offshore, E&P, Infrastructure, Ports & Terminals, Telecom, Fertilizers, Cement, Automobile, Metro & Mono Rail, Railway, Metals and Minerals, Information Technology.
They target companies that are from various sector ranging operating oil company, EPC, Engineering design, Field design, O&M, Operations, maintenance, contracting, inspection from fortune 500 oil and gas companies to smaller ones, situated in Saudi Arabia, UAE, Qatar, Europe, India, Russia, Africa, Australia, Kuwait, USA, UK, etc
Many of company’s clients have retained them as their preferred service provider and are associated with them for years.They are working with most of their clients for over decades.
Company’s key clients are Reliance Industries, HPCL, Cairn India, Becthel India,Fluor, IOCL, CCC, Saipem, Technip, Worley Parsons, Kentz, Tasnee, Engineers India, L&T, Petrofac etc.
Services Provided by the Company:
- IT Staffing.
- Manpower Outsourcing / Technical Staffing / Manpower Deputation.
- Project Management.
- Construction Supervision.
- Procurement Assistance / Expediting.
- Inspection Services.
- Pre-Commissioning & Commissioning Services.
- Operation & Maintenance.
- Shutdown.
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Objectives of the issue:
- Working capital requirements of the Company.
- Acquisitions and Other Strategic Initiatives.
- General Corporate Purposes.
- Issue Expenses.
- Listing Benefits.
Management Team:
- Mr. Virendra Dalpatram Sanghavi (Designation: Managing Director)
- Mr. Jaydev Virendra Sanghavi (Designation: Executive Director& Chief Financial Officer)
- Mrs. Niranjana Virendra Sanghavi (Designation: Non-Executive Director)
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 |
|---|---|---|---|---|---|
| Revenue | 78.5 | 96.73 | 114.63 | 109.86 | 146.52 |
| Net Profit | 4.31 | 4.59 | 6.42 | 2.73 | 3.50 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 21st September 2017 |
| Issue Closes on: | 26th September 2017 |
| Issue Price | Rs.54 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 |
| Minimum Investment | Rs.1,08,000 |
| Issue Constitutes | 26.61% |
| Issue Size | Rs.21.24 cr |
| Market Cap | Rs.79.83 cr |
| Listing at | NSE SME |
| Equity Shares Offered | 39,34,000 |
| Equity Shares Prior | 1,08,50,000 |
| Equity Shares after the issue | 1,47,84,000 |
IPO Valuation parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 4.92 | 10.98 | 15.23% | 32.30 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Listing Gain | 20% |
