About The Company:
Kaarya Facilities and Services is a integrated Facilities and Property Management company. They are offering their expertise to corporate, SME, Government institutions and Residential Segments.
Initially, they had begun with the most basic of skills such as cleaning, kitchen, hospitality and over the period they have added layers to the teams‘ skill sets to successfully bid for high skilled contracts such as Housekeeping, Maintenance, Office Administration, Help Desk & more.
Company’s strength lies in Housekeeping, Integrated Facilities Management and Premium Housing societies management.
As on June 30, 2017 company had 297 personnel deployed across various client Locations.
They operate on an asset-light model with low capital expenditure requirements and high working capital requirements.
Currently majority of their revenues is from deployment of personnel for soft services comprising of housekeeping services, help desk management, office administration executives, and pantry & steward services.
They are also venturing into various aspects of building maintenance and operations services including technical services & other hard services such as tank cleaning, pest control, contracts management etc.
Future growth Strategies to be implemented by the Company:
- Growing presence in Education, Corporate Parks, Commercial Buildings.
- Invest in technology (ERP System).
- Continue to develop Client and Vendor relationships.
Management Team:
- Mr.Vineet Pandey (Designation: Joint Managing Director)
- Mr.Vishal Panchal (Designation: Joint Managing Director)
- Mr.Ganesh Vanmali (Designation: Independent Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Vineet Pandey | 12,95,815 | 5.05 |
| Vishal Panchal | 12,95,815 | 5.05 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake(%) |
|---|---|---|
| Promoters | ||
| Vineet Pandey | 42.12 | 27.72 |
| Vishal Panchal | 42.12 | 27.72 |
| Promoter Group Entities | Nil | Nil |
| Total | 84.24 | 55.44% |
Objectives of the Issue:
- Meeting Additional Working Capital Requirements
- Purchase of Equipment
- Purchase of ERP Software
- Purchase of Employee Uniforms
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 3.76 |
| Purchase of Equipment | 0.63 |
| Purchase ERP Software | 0.98 |
| Purchase of Employee Uniforms | 0.30 |
| Net Proceeds | 5.67 |
| Company Contact Info: |
|---|
| Kaarya Facilities & Services Ltd 217, Gemstar Commercial Complex, Ramchandra Lane Extn., Malad (West), Mumbai – 400 064 Phone: +91 22 4003 0768 Fax: NA Email: info@kaarya.co.in Website: http://www.kaarya.co.in |
| IPO Registrar Info: |
|---|
| KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500 032, India Tel No.: +91 40 6716 2222 Fax No.: +91 40 2343 1551 Email: einward.ris@karvy.com Investor Grievance Email: kaarya.ipo@karvy.com Website: www.karvycomputershare.com |
| Lead Manager to the Issue: |
|---|
| First Overseas Capital Limited 1-2 Bhupen Chambers, Dalal Street, Fountain, Mumbai – 400 001, Maharashtra, India. Tel No.: +91 22 4050 9999 Fax No: +91 22 4050 9900 Email: satish@focl.in / mala@focl.in Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in |
| Check IPO Allotment Status: |
|---|
Karvy Websitehttp://kosmic.karvy.com:81/ipotrack/ |
Peer Group Comparison:
There is no comparable listed peer, whose business is similar to Company’s business, hence we cannot make Peer group comparison.
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 31st July 17 |
|---|---|---|---|---|---|---|
| Revenue | 4.92 | 8.48 | 8.07 | 8.41 | 10.67 | 2.87 |
| Net Profit | 0.049 | 0.011 | 0.14 | 0.18 | 0.57 | 0.26 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 12th October 2017 |
| Issue Closes on:. | 17th October 2017 |
| Issue Price | Rs.40 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 34.20% |
| Issue Size | Rs.6.39 cr |
| Market Cap | Rs.18.70 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh Issue) | 15,99,000 |
| Equity Shares Prior | 30,76129 |
| Equity Shares after the issue | 46,75,129 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 2.73 | 14.67 | 28.54% | 17.26 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Neutral | NA | NA |
