About the Company:
Pooja Western Metaliks Ltd (Headquartered in Jamnagar, Gujarat) is engaged in the business of producing Brass materials out of scrap.
They had initially started the business of brass manufacturing by forming a partnership under the name of “Pooja Precision Products” in the year 1993.
Gradually as the business grew, the promoters formed another partnership in the name of Pooja Metal Industries for manufacturing of brass equipment to specifically to cater international clients.
Company is registered as 100% Export Oriented Unit.
They currently have two Units both situated at GIDC,Unit I is spread over 1,800 square meters, our factory is equipped with machinery and equipment for induction furnaces, extrusion press, machining, platting, extrusion, etc. Unit II is spread across over 700 square meters.
Currently they have an installed capacity of 350 Metric Ton per annum for Brass Alloys while around 150 Metric Ton for single mould.
Company uses brass scrap as raw material which is imported from United Kingdom, United States of America and Gulf Countries for conversion of scrap into finished goods.
They mainly export brass products to Arab and Gulf countries.They have a proven track record of more than 14 years in export of Brass Products.
Management Team:
- Mr.Sunil Panchmatiya (Designation: Chairman and Managing Director)
- Mr.Anil Panchmatiya (Designation: Whole Time Director)
- Mr.Vivek Panchmatiya (Designation: Executive Director)
Objectives of the Issue:
- Working Capital Requirements.
- General Corporate Purpose.
- Listing Benefits.
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Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 |
|---|---|---|---|---|---|
| Revenue | 3.91 | 4.49 | 15.17 | 14.92 | 2.70 |
| Net Profit | 0.09 | (-0.008) | 0.098 | 0.11 | 0.12 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 22nd September 2017 |
| Issue Closes on:. | 26th September 2017 |
| Issue Price | Rs.36 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 |
| Minimum Investment | Rs.1,08,000 |
| Issue Constitutes | 29.99% |
| Issue Size | Rs.5.47 cr |
| Market Cap | Rs.18.25 cr |
| Listing at | BSE SME |
| Equity Shares Offered | 15,21,000 |
| Equity Shares Prior | 35,20,000 |
| Equity Shares after the issue | 50,71,000 |
IPO Valuation parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.38 | 42.23 | 8.14 | 10.47 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Avoid | NA | NA |
