About the Company:
Company was incorporated in 2013 and in 2014, they commenced manufacturing of LED Bulbs and Fixtures.
In 2015 company had commenced manufacturing of Moon Light Bulbs and tube lights. Subsequently, in 2015 they progressed into assembling of Pen drive and Power Bank.
Company’s product range includes LED Bulbs,Night Lamp,Mood Light,Tube light,Power Banks & Pen Drive.
Company is continuously diversifying their product portfolio to keep pace with changing consumer trends and development in technology.
Currently they are selling through a set of dealers / distributors who place their order and after receipt of order they cater to their markets. Company majorly sell through online portals viz Flipkart, eBay, Amazon, Shopclues, PayTM etc.
Currently they are also engaged in Trading / Assembly of USB Pen drives,Company is also in process of manufacturing USB pen drives by themselves. The core design including PCB and components is in almost final stages of finalisation with an anticipation to start in house manufacturing of USB pen drives.
Management Team:
- Mr. Sudhir Ostwal (Designation: Managing Director)
- Ms. Shalini Jain (Designation: Non-Executive Director)
- Mr. Piyush Kanwarlal Kansal (Designation: Non-Executive and Independent)
Objectives of the Issue:
- Working capital requirements of the Company.
- General Corporate Purposes.
- Issue Expenses.
- Listing Benefits
Fund Utilisation:
| Particulars | Amount (Rs. in Lakhs) |
|---|---|
| Working Capital Requirements | 468.00 |
| General Corporate Purposes | 90.00 |
| Issue Expenses | 42.00 |
| Net Proceeds | 600.00 |
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Sudhir Ostwal | 23,85,000 | 15.41 |
| Shalini Jain | 7,48,050 | 16.17 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake(%) |
|---|---|---|
| Promoters | ||
| Sudhir Ostwal | 61.87 | 44.54 |
| Shalini Jain | 19.40 | 13.97 |
| Promoter Group | ||
| Sudhir Ostwal and Sons HUF | 18.68 | 13.44 |
| Total | 99.95% | 71.95% |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 25th September 2017 |
| Issue Closes on:. | 28th September 2017 |
| Issue Price | Rs.40 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 28.01% |
| Issue Size | Rs.6 cr |
| Market Cap | Rs.21.42 cr |
| Listing at | BSE SME |
| Equity Shares Offered | 15,00,000 |
| Equity Shares Prior | 38,55,000 |
| Equity Shares after the issue | 53,55,000 |
IPO Valuation parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.11 | 36.03 | 73.58% | 49.02 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Avoid | NA | NA |
