ANI Integrated Services Ltd

ani integrated services

About the Company:

ANI Integrated Services Ltd an ISO 9001 certified company engaged in the business of Engineering services such as Erection and Installation of Electrical /Instrumentation/Mechanical Turnkey Projects‘.

Company provides services for Operations and Maintenance, Commissioning Assistance, Shutdown services and Technical Manpower solution and deputation.

Till Date ANI Integrated Services has provided a wide range of engineering services on various international projects, particularly in the UAE, Thailand and Kingdom of Saudi Arabia to esteemed clients like, Larsen & Turbo Industries, Tata Consultancy Engineers Limited, Reliance Industries Limited, Nestle India Limited,Engineering India Limited, Mondelez India Foods Limited, GAIL (India) Limited, etc.

Company provides its services to various industries like Power Plants, Oil & Gas, Refineries, Chemicals & Petrochemicals, Pharmaceuticals, Cement, FMCG, Breweries, Fertilizers,Hospitality, Construction, Infrastructure Projects and F & B sectors, Metals, Airports etc.

Company is backed by a team of more than 1200+ skilled professionals, along with large team of Technicians.

Company has a long list of prestigious clients both Indian and MNC Companies.

Company’s Clients in EPC (Engineering Procurement & Construction) Segment are:

  • Aker Solutions ASA, Norway
  • Burns McDonnell India.
  • Engineers India Limited
  • Jacobs Engineering Group Inc.
  • The Linde Group, Germany.
  • TechnipFMC Ltd.
  • Toyo Engineering India Private Limited
  • Petrofac Engineering India Private Limited.
  • Uhde(ThyssenKrupp) Industries Solutions (India)
  • Larsen & Turbo Industries.
  • Tata Consulting Engineers Limited.
  • Mott Mac Donald Private.


Company’s Clients in Construction and Infrastructure Segment are:

  • Hyundai Motor Company
  • Border Roads Organization
  • Dodsal Group, Dubai
  • Tata Projects Limited


Company’s Clients in Oil&Gas/Refinery Segment are:

  • Reliance Industries Limited
  • Oil and Natural Gas Corporation
  • Cairn India Limited
  • Indian Oil Corporation
  • Hindustan Petroleum Limited
  • Bharat Petroleum Corporation Limited
  • HPCL-mittal Energy Limited


Company’s Clients in Power Segment are:

  • The Tata Power Company Limited
  • Adan Group
  • Reliance Infrastructure Limited
  • JSW Group
  • L&T Power Limited
  • Vedanta Limited


Company’s Clients in Pharmaceuticals Segment are:

  • Novartis India Limited
  • Sandoz International GMBH
  • Cipla Limited
  • Glaxo Smith Kline Plc
  • Pfizer Limited


Company’s Management Team:

  1. Mr.Navin Nandkumar Korpe (Designation: Managing Director)
  2. Mrs. Anita Navin Korpe (Designation: Non-Executive Director)
  3. Mr. Akshay Korpe (Designation: Director)
  4. Mr. Kedar Korpe (Designation: Director and CFO)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Navin Nandkumar Korpe 31,99,700 0.01563


TOP 10 Shareholders:

Sr.No. Shareholder Name Number of Equity Shares held Percentage of Equity Share Capital %
1. Mr. Navin Nandkumar Korpe 31,99,700 39.99
2. Mrs. Anita Navin Korpe 16,00,000 20
3. Mr. Akshay Korpe 16,00,000 20
4. Mr. Kedar Korpe 16,00,000 20
5. Mr. Nandkumar D. Korpe 100 0.001
6. Dharshana 100 0.001
7. Mrs. Shruti Akshay Korpe 100 0.001
Total 80,00,000 100%


Objectives of the Issue:

OFS (Offer for Sale): (Around Rs. 9.8 cr)

  • Company will not receive any proceeds from the Offer for Sale.


Fresh Issue: (Around Rs. 18.2 cr)

  • Repayment of Borrowings
  • To Meet Working Capital Requirement
  • General Corporate purpose and
  • To Meet the Issue Expenses.


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17
Revenue  12.95  19.81  23.62  39.95  63.61
Net Profit  0.89  1.05 1.16  1.81  7.87


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW(%) NAV
ANI Integrated Services 10 7.88 12.69 55.59 141.74
Quess Corp Ltd. 10 7.34 112.2 19.11 62.43
TeamLease Services Ltd. 10 33.13 50.15 19.15 216.41


IPO Details:

Details Info
Issue Opens on 8th November 2017
Issue Closes on:. 10th November 2017
Issue Price Rs.100
Face Value Rs.10
Minimum Lot 1200
Minimum Investment Rs.1,20,000
Issue Constitutes 28.51%
Issue Size Rs.28 cr
Market Cap Rs.98.20 cr
Listing at NSE SME
Equity Shares Offered (OFS) 9,80,000
Equity Shares Offered (Fresh) 18,20,000
Total Equity Shares Offered (OFS + Fresh) 28,00,000
Equity Shares Prior 80,00,000
Equity Shares after the issue 98,20,000


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
7.88 12.69 55.59% 141.74


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Subscribe Long Term 20%


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Company Contact Info:
6, Ashirwad, G.V. Scheme Road No.1,
Mulund (East), Mumbai,
Maharashtra – 400081, India
Registration Number: 184326


IPO Registrar Info:
E2 Ansa Industrial Estate, Sakivihar Road Sakinaka,
Andheri East Mumbai- 400072
Tel: (022) 40430200;
Fax: (022) 28475207;


Lead Manager to the Issue:
A/904, Naman Midtown, Elphinstone Road, Senapati Bapat Marg
Lower Parel, Mumbai 400013, India.
Tel: +91 22 4906 0000;
Fax: +91 22 2262 5991;