About the Company:
Company is engaged in the business of trading of various industrial, metals and alloy products including iron and steel.They are a multi-product trading company with a diverse product portfolio.
Company started the trading business from the last quarter of FY 2016.
They directly buy their required products from manufacturers. Hence they can get the products modified as per their customer’s specifications.
They look forward to every opportunity that exists in market and work to develop and enhance their current business and product portfolio.
They are currently serving the corporate and other clients from fabrication and manufacturing industry.
The portfolio of metal products currently being traded by our Company includes the following:
Industrial Products:
- GI Pipes
- Insulators
- Transmitter
- Heat Exchangers
- Conductors
- Water Pumps
Alloys & Metal Products:
-
- Graphite
- Cobalt
- Tungsten
- Aluminum & Aluminum Sections
- Iron & Steel
- Steel Products
Management Team:
- Mr.Kirit Kumar Shah (Designation: Managing Director Executive and Non-Independent Director)
- Mr.Chandu K. Jain (Designation: Director Non-Executive and Non-Independent Director)
- Mr.Nilamben Vijaykumar Mehra (Designation: Independent Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Kirit Kumar Shah | 1657000 | 9.77 |
| Chandu K. Jain | 522750 | 9.997 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake (%) |
|---|---|---|
| Promoters | ||
| Kirit Kumar Shah | 22.33 | 15.90 |
| Chandu K Jain | 7.04 | 5.02 |
| Promoter Group Entities | 15.37 | 10.94 |
| Total | 44.74% | 31.86% |
Objectives of the Issue:
- Augmenting additional working capital requirements.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 4.05 |
| Issue Expenses | 0.45 |
| Net Proceeds | 4.5 cr |
Financials of the Company:
| (in Crores) | FY 16 | FY 17 | 30th Sept 17 |
|---|---|---|---|
| Revenue | 4.09 | 16.69 | 9.07 |
| Net Profit | 0.012 | 0.12 | 0.046 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| MRC Exim Limited | 10 | 0.53 | 28.24 | 1.59 | 25.19 |
| Kothari Products | 10 | 16.6 | 11.7 | 8.1 | 276.2 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 6th December 2017 |
| Issue Closes on:. | 8th December 2017 |
| Issue Price | Rs.15 |
| Face Value | Rs.10 |
| Minimum Lot | 8000 |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 28.79% |
| Issue Size | Rs.4.5 cr |
| Market Cap | Rs.15.63 cr |
| Listing at | BSE SME |
| Total Equity Shares Offered (Fresh) | 30,00,000 |
| Equity Shares Prior | 74,20,900 |
| Equity Shares after the issue | 1,04,20,900 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.53 | 28.24 | 1.59% | 25.19 |
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Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Avoid | NA | NA |
| Company Contact Info: |
|---|
| MRC Exim Ltd 106, Siddhesh Apartment, 2nd Khattar gali, Thakurdwar Road, Charni Road East, Mumbai – 400 004, Maharashtra, India Tel: +91 22 2203 1638 Fax: +91 22 2203 1638 E-mail: info@mrcexim.co.in Website: www.mrcexim.co.in |
| IPO Registrar Info: |
|---|
| PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED No. 9, Shiv Shakti Ind. Estate, Gr. Floor, J. R. Boricha Marg Lower Parel, Mumbai-400 011 Tel: +91 22 2301 6761/8261 Fax: +91 22 2301 2517 Email: busicomp@vsnl.com Website: www.purvashare.com |
| Lead Manager to the Issue: |
|---|
| INVENTURE MERCHANT BANKER SERVICES PRIVATE Ltd 2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End) Western Express Highway, Andheri (East) Mumbai – 400 069 Tel No: +91 22 4075 1500; Fax No: +91 22 4075 1511; Email: sme.ipo@inventuremerchantbanker.com IGrievance Email: redressal@inventuremerchantbanker.com Website: www.inventuremerchantbanker.com |
