About the Company:
Priti International Ltd is engaged in manufacturing and exporting of Handicraft Products.
Company is strategically located in Jodhpur, Rajasthan which is amongst the top exporters of handicrafts in India. Company’s manufacturing facilities are located in prominent industrial areas in Jodhpur which are known for handicrafts products.
They also deal in manufacturing of wooden, metal and textile based furniture and handicrafts products, upcycling and recycling of various kinds of raw, unusable and waste metal and wooden articles.
The products range from solid wooden and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, pet products, etc.
Company majorly cater their products in the international market. They export their products to wholesalers and retailers from countries such as Spain, Belgium, Holland, Netherlands, Turkey, England, China, Greece, Germany etc.
Company also export their products to customers working on some specific projects e.g. newly constructed hotels, restaurants, bars & pubs, etc.
Company’s Product portfolio can be categorized into following broad classes:
Company’s History:
Company’s promoter, Priti Lohiya commenced the business of handicraft products in the name and style M/s. Priti International, a proprietary concern in year 2002 at facilities located at Basni and Boranada in Jodhpur, Rajasthan. The running business of M/s. Priti International was acquired by Priti International Limited on November 11, 2017 vide Business Succession Agreement.
Country Wise Revenue Details.
Management Team:
- Mr. Goverdhan Das Lohiya (Designation: Chairman & Director)
- Ms. Leela Lohiya (Designation: Non-Executive Director)
- Mr. Ritesh Lohiya (Designation: Director and CFO)
Objectives of the Issue:
- Purchase of Plant & Machinery and related civil work.
- Funding the working capital requirements of the Company.
- General Corporate Purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Purchase of Plant & Machinery and related civil work | 0.70 |
| Working capital requirements of the Company | 2.85 |
| General Corporate Expenses | 0.90 |
| Net Proceeds | 5.25 cr |
Peer group Comparison:
Company is into the business of manufacturing of furniture, wooden, metal and textile based handicrafts, and currently there are no listed peers in India engaged in this particular business segment and therefore, a strict comparison of Priti International Ltd with any listed company is not possible.
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 10th Nov 17 |
|---|---|---|---|---|---|---|
| Revenue | 19.15 | 20.03 | 20.55 | 21.91 | 20.33 | 10.93 |
| Net Profit | 0.64 | 0.75 | 3.39 | 0.94 | 1.11 | 0.63 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 11th June 2018 |
| Issue Closes on:. | 13th June 2018 |
| Issue Price | Rs.75 |
| Face Value | Rs.10 |
| Minimum Lot | 1600 |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 27.01% |
| Issue Size | Rs.5.25 cr |
| Market Cap | Rs.19.45 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 7,00,800 |
| Equity Shares Prior to the Issue | 18,93,532 |
| Equity Shares after the Issue | 25,94,332 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 18th June 2018 |
| Initiation of Refunds | on or Before 19th June 2018 |
| Credit of Equity Shares: | on or Before 20th June 2018 |
| Listing Date: | on or Before 21st June 2018 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 3.47 | 21.61 | 3.99% | 21.13 |
Knowledge Corner: (Click on the Link)
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| Priti International Limited Plot No. F-43, Basni, 1st Phase, Jodhpur – 342 001, Rajasthan, India. Tel: 0291- 2431367 Email: info@pritiinternationallimited.com Website: www.pritiinternationallimited.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai 400059, Maharashtra, India Tel: +91 22 6263 8200 Fax: +91 22 6263 8299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshva Premises, Behind Family Court, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Email: ipo@pantomathgroup.com Website: www.pantomathgroup.com |
