About the Company:
Felix Industries Limited is engaged in waste water treatment solution, Water recycling plants, Industrial RO manufacturing, Sea water RO, Effluent water recycle and Effluent treatment plant.
Felix through its water treatment division provides its services to industries such as steel, chemical,pharmaceutical, plastic, paper & pulp, leather, automotive, textile & dyes, food and dairy etc.
Felix is a government approved e-waste recycling company with a processing capacity of 6000 MT per year and it also has one of the largest recycling capacities in India.
The E-Waste collected from pan India is processed at the company‘s plant located at Electronic Estate, Gandhinagar where activities like e-waste collection, storage, dismantling and segregation takes place.
Company also provides complete water and waste water solutions using Membrane Separation Technology including pre-treatmentand post-treatment.
company during FY12, was appointed as an authorized distributor and marketing associate of Astral Poly Technik Ltd for its industrial piping sales.
Further during same year it also entered into a tie-up with an MNC name The Aliaxis Group to market and distributes their Thermoplastic products with the exclusivity of distributing the products in entire state of Gujarat.
Through this division,Company provides a range of thermo-plastic pipes, fittings & valves and also provides end-to-end service right from selection of pipes to design, supply and installation.
Company various Business segments are as follows:
- Water and Waste Water Recycling
- Industrial Piping
- Nano Products (Membrane Technologies)
- E-waste Recycling.
Segment wise Revenue Breakup:
| Segment | % o the Total |
|---|---|
| Water Division | 58.95 |
| Piping Division | 9.92 |
| E-Waste Divison | 24.16 |
| Consultancy Services | 6.8 |
Major Clients for which Company has Executed Projects (Last 5 Years) include:
- Hero Steels Limited.(Ludhiana,Punjab)
- Astral house (Ahmedabad,Gujarat)
- Zydus Infrastructure Limited (Ahmedabad,Gujarat)
- Astral Polytechnic Limited (Dholka, Gujarat)
- United Phosphorous Limited (Halol, Gujarat)
- Huebach Colors Pvt. Ltd.(Ankleshwar,Gujarat)
- Bodal Chemical Ltd (Vadodara,Gujarat)
Currently Company is working on Following Projects:
- Hindustan Zinc Limited (Chittorgarh, Rajasthan)
- United Phosphorus Ltd (Tarapur)
- Gujarat Borosil Ltd (Bharuch Gujarat)
- Astral Polytechnic Limited (Ghiloth, Rajasthan)
- Cheminova India Ltd (Panoli, Gujarat)
Management Team:
- Mr.Ritesh Vinay Patel (Designation: Managing director)
- Mr.Sagar Samir Shah (Designation: Executive Director)
- Mrs. Shweta Samir Shah (Designation: Non-Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Ritesh V. Patel | 17,38,000 | 9.19 |
| Sagar S. Shah | 18,98,000 | 10.00 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake(%) |
|---|---|---|
| Promoters | ||
| Mr. Ritesh Vinay Patel | 46.65% | 34.13% |
| Mr. Sagar Samir Shah | 50.95% | 37.26% |
| Promoter Group Entities | 2.4% | 1.75% |
| Total | 100% | 73.14 |
Objectives of the Issue:
- Building &Construction Cost
- Procurement of Machineries
- Furniture and Fixtures
- Working Capital Requirement
- General Corporate Purpose
- Issue Expense
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | 31st Oct 17 |
|---|---|---|---|---|---|
| Revenue | 4.12 | 2.92 | 3.28 | 5.19 | 3.45 |
| Net Profit | 0.05 | 0.04 | 0.11 | 0.17 | 0.23 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Felix Industries Ltd | 10 | 1.18 | 29.67 | 4.39 | 10.51 |
| Va Tech Wabag | 2 | 18.03 | 30.79 | 10.31 | 182.06 |
| Thermax Ltd | 2 | 19.80 | 50.51 | 8.79 | 225.37 |
| ION Exchange (India) | 10 | 19.94 | 22.04 | 14.32 | 139.09 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 23rd November 2017 |
| Issue Closes on:. | 27th November 2017 |
| Issue Price | Rs.35 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 |
| Minimum Investment | Rs.1,40,000 |
| Issue Constitutes | 26.86% |
| Issue Size | Rs.4.78cr |
| Market Cap | Rs.17.82 cr |
| Listing at | NSE SME |
| Total Equity Shares Offered (Fresh) | 13,68,000 |
| Equity Shares Prior | 37,25,000 |
| Equity Shares after the issue | 50,93,000 |
Important Dates:
| Finalization of Basis of Alottment | on or Before 30th November 2017 |
| Initiation of Refunds | on or Before 1st December 2017 |
| Credit of Equity Shares: | on or Before 1st December 2017 |
| Listing Date: | on or Before 5th December 2017 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.18 | 29.67 | 4.46% | 10.35 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Avoid | NA | NA |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| MONARCH NETWORTH CAPITAL LIMITED, Address – Monarch House, Opp., Ishwar Bhuvan, Commerce Six Road, Navrangpura, Ahmedabad – 380014. Tel. No. – 079 – 6600 0500/ 700 Investor Grievance Email: mbd@mnclgroup.com Website: www.mnclgroup.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED, Address – E-2/3, Ansa Industrial Estate, Sakivihar Road, Saki Naka, Andheri (E), Mumbai – 400072. India. Tel. No. – 022 – 62638200 Email: ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| MONARCH NETWORTH CAPITAL LIMITED MONARCH HOUSE, Opp. Ishwar Bhuwan, Commerce Six Roads, Navrangpura, Ahmedabad- 380014, India, Ph : 79 26666500, 66000500 Email :shivam.patel@mnclgroup.com Investor Grievance:cs@mnclgroup.com Website: www.mnclgroup.com |
