About the Company:
CRP Risk Management Ltd (Headquartered in Mumbai) a risk management and risk mitigation enterprise.They verify critical information for large and mid-sized corporate and provides services to multiple departments like Finance, Compliance, Operations etc.
Over the last one and half decade we have evolved from being an Employee Background check entrepreneurial start-up to an Integrated risk mitigation solutions company with professional management team and international best practices.
They had initially started as a Credit Verification agency for retail banking. Post that they reinvented themselves to use their strengths in the HR Services and Employee Background Check services.
Thereafter they again realigned the business model and had started reducing their HR Services and employee background check services business since FY 2015 and completely discontinued their HR Services and employee background check services during FY 2017 to focus on higher value addition and complex services of risk management and risk mitigation.
They have partnered with leading players in the Indian Insurance Industry to efficiently address their New Business Risk Mitigation, Claims investigation, Special Projects and Processing Outsourcing Solutions.
CRP is engaged with multiple clients in BFSI segment to conduct verification for their Home loans/ Mortgage loan customers.
They also have a Veterinary Division (started from FY 2015) wherein they deal in various types of veterinary products such as poultry feed enzymes; poultry feed toxin binders, aquaculture feeds and other products.
Company’s Products Services are as follows:
- Insurance Services.
- KYC Checks.
- Verification.
- NPA Investigation.
- KYP [Know Your People]
- Veterinary Division.
Company’s Business portfolio is segmented in the following verticals:
Segmentwise Revenue Breakup (FY 17):
| Segment | FY 17 (crores) | % wise |
|---|---|---|
| Services | 21.59 | 26.32% |
| CRP Veterinary Division (Trading) | 59.42 | 73.68% |
| Total | 82.11 cr | 100% |
Details About each Business Verticals:
Management Team:
- Mr.Hitesh Asrani (Designation: Executive Director and Chief Financial Officer)
- Mr.Mohammed Raza Sayyed (Designation: Managing Director)
- Mr.Nisha Asrani (Designation: Chairman and Non- Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Hitesh Asrani | 1,13,32,040 | 1.17 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoter | ||
| Hitesh Asrani | 84.04% | 64.81% |
| Promoters Group Entities | 2.03% | 1.57% |
| Total | 86.07% | 66.38% |
Objectives of the Issue:
Offer for Sale (OFS): (Around Rs. 6.81 crores)
- Company will not receive any proceeds from the Offer for Sale.proceeds of the Offer for Sale will go to the Selling Shareholders.
Fresh Issue: (Around Rs.24 crores)
- Prepayment or repayment of a portion of loan facilities availed by our Company
- Purchase of Computer Hardware and Office Equipment
- Meeting Additional Working Capital Requirements
- Additional Infrastructure at our Registered Office and Corporate Office at Mumbai
- Marketing and Brand Building
- General Corporate Purposes
Peer Group Comparison:
- There are no listed peer group companies which are engaged in the business similar to CRP Risk Management Ltd, hence we cannot make any comparison.
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 31st July 17 |
|---|---|---|---|---|---|---|
| Revenue | 76.79 | 98.75 | 92.30 | 74.71 | 82.11 | 24.58 |
| Net Profit | 4.45 | 5.12 | 4.20 | 1.77 | 5.05 | 1.64 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 18th January 2018 |
| Issue Closes on:. | 22nd January 2018 |
| Issue Price | Rs.60 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 29.37% |
| Issue Size | Rs.30.81 cr |
| Market Cap | Rs.104.90 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 40,00,000 |
| Equity Shares Offered (OFS) | 11,36,000 |
| Total Equity Shares Offered (Fresh + OFS) | 51,36,000 |
| Equity Shares Prior to the Issue | 1,34,84,900 |
| Equity Shares after the Issue | 1,74,84,900 |
IPO Valuation parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 3.88 | 15.44 | 17.19% | 22.60 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Long Term | 15% |
| Company Contact Info: |
|---|
| CRP Risk Managemnet Ltd B – 208-209 Classique Centre, Off. Mahakali Caves, Andheri (East), Mumbai – 400 093, Maharashtra, India Tel: +91 22 4211 6000 Fax: +91 22 4211 6040 E-mail: compliance@crp.co.in Website: www.crp.co.in |
| IPO Registrar Info: |
|---|
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED 4A9, Gundecha Onclave, Kherani Road, Sakinaka, Mumbai – 400 072 Tel No: +91 22 2851 1022 / 6221 5779 Email: Mumbai@skylinerta.com; Grievance Email: grievances@skylinerta.com; Website: www.skylinerta.com |
| 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, India Tel No: +91 22 4075 1500; Fax No: +91 22 4075 1511; Email: sme.ipo@inventuremerchantbanker.com Grievance Email: redressal@inventuremerchantbanker.com Website: www.inventuremerchantbanker.com |
