About the Company:
Shree Ram Proteins Ltd is engaged in the business of de-linting and de-hulling of cotton seeds by mechanical process, oil extraction from cotton seeds and solvent extraction from cotton seeds oil cake and ground nuts.
Company’s Manufacturing Facility is strategically located (Gondal, Gujarat.) near the source of raw materials to ensure cost savings and optimum logistic benefits.
The manufacturing process is in three stages (I) De-linting and de-hulling of Cotton seeds, this process result in manufacture of shot fiber (linter), and De-linted cotton Seeds (II) Cotton seeds oil extraction process result in pre refine cotton seeds oil and cotton seeds oil cake and (III) Solvent extraction process, result in pre refine wash oil and de-oil cotton seeds cake.
Cotton linter can be use in manufacturing of papers and as raw materials for manufacture of cellulose, this can be further process for medical and cosmetic purpose, linter can be broadly classified as a industrial raw materials.
Company manufactures following Products:
- Cotton seeds deoil cake.
- Cotton seeds husk/hulls.
- Cotton seeds oilcake.
- Ground nuts oil cake.
Business Overview:
Segmentwise Revenue Breakup: (in Lakhs)
*Animal meals comprise of cotton seeds oil cake, cotton seeds de-oilcake, cotton seeds hulls, ground nuts de oilcake
Management Team:
- Mr.Lavjibhai Valjibhai Savaliya (Designation: Whole-time Director)
- Mr.Lalitkumar Chandulal Vasoya (Designation: Managing Director)
- Mr.Piyush Chandubhai Vasoya (Designation: Non Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Lavjibhai Savaliya | 35,84,200 | 9.24 |
| Lalitkumar Vasoya | 74,24,300 | 9.81 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoter | ||
| Lavjibhai Savaliya | 23.89 | 16.73% |
| Lalitkumar Vasoya | 49.50 | 34.66% |
| Promoter Group Entities | 6.02 | 4.21% |
| Total | 79.41 | 55.6% |
Objectives of the Issue:
- Funding the working capital requirements of the Company.
- General corporate purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Funding the working capital requirements of the Company. | 15.00 |
| General Corporate Expenses | 4.9 |
| Net Proceeds | 19.9 crores |
Peer Group Comparison:
- We believe that there are no listed companies in India whch are purely engaged in the business of de-linting and de-hulling of cotton seeds by mechanical process, oil extraction from cotton seeds and solvent extraction from cotton seeds oil cake and ground nuts.
- Further there are no listed entities which are focused exclusively on the segment in which they operate.
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 30th Sept 17 |
|---|---|---|---|---|---|---|
| Revenue | 116.12 | 157.54 | 174.66 | 183.57 | 157.80 | 48.71 |
| Net Profit | (-0.63) | 1.29 | 1.36 | 0.50 | 0.67 | 0.39 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 23rd January 2018 |
| Issue Closes on:. | 25th January 2018 |
| Issue Price | Rs.27 – 31 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 |
| Minimum Investment | Rs.1,24,000 |
| Issue Constitutes | 29.97% |
| Issue Size | Rs.19.90 cr |
| Market Cap | Rs.66.40 cr |
| Listing at | NSE SME |
| Total Equity Shares Offered (Fresh) | 64,20,000 |
| Equity Shares Prior to the Issue | 1,50,00,000 |
| Equity Shares after the Issue | 2,14,20,000 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.44 | 70.45 | 3.43% | 12.96 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Neutral | NA | NA |
| Check IPO Allotment Status: |
|---|
Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssues/ |
| Company Contact Info: |
|---|
| Shree Ram Proteins Limited Imperial Heights Tower-B, Second Floor, Office No. B-206, 150 Ft Ring Road, Opp Big Bazar Rajkot Gujarat 360005 India Tel: 0281-2581152 Fax:Not Available Email: info@shreeramproteins.com Website: www.shreeramproteins.com |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai- 400 083 India Tel: 022-49186200; Fax: 022-49186195 Email: srpl.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra East, Mumbai – 400 051 Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Email: ipo@pantomathgroup.com Website: www.pantomathgroup.com |
