About the Company:
Company was originally incorporated as “Zodiac Genset Private Limited” at Ahmedabad on May 22, 1992,Subsequently on April 30, 2007 name of the company was changed to “Zodiac Energy Private Limited”.
Zodiac Energy Ltd Energy Solution Provider is having experience of more than two decades in majority of verticals of power generations spectrum.
Company’s spectrum of services include Design, supply, installation, Testing and Commissioning (EPC) and Operation and Maintenance (O&M) in short they provide turnkey solutions from concept to commissioning of power plants.
Company has installed solar power plants for many prominent clients like Sun-Edison India Limited, Adani Group,Torrent Power Limited, Gujarat Energy development Agency, Reserve Bank of India, Directorate of Lighthouse and Lightships Government of India (GoI), Indian Oil Corporation Limited to name a few.
Company has installed more than 6,000 KW of Rooftop solar power plants till now and it envisages to reach at 10,000 KW by end of 2017-18.
Various Products provided by the Company are as follows:
- SOLAR PHOTOVOLTAIC ROOF TOP SOLUTION.
- SOLAR PHOTOVOLTAIC GROUND MOUNTED SOLUTION.
- SOLAR PHOTOVOLTAIC GROUND MOUNTED SOLUTION.
- SOLAR THERMAL SOLAR WATER HEATER SOLUTION.
- EPC OF DIESEL/GAS GENERATORS.
Various Services provided by the Company are as follows:
- Electrical design engineering
- Mechanical (Design & Engineering)
- Piping Design Solution & Analysis
Significant Projects Completed by the Company across Various Segments (Year 2017):
| Client Name | Location | Capacity |
|---|---|---|
| District Court | Vadodara | 337 KW |
| Mr. Gautam Adani | Ahmedabad | 53.5 KW |
| Torrent Power Limited | Ahmedabad | 110 KW |
| Rajpath Club Limited | Ahmedabad | 150 KW |
| Adani Transmission Limited | Gujarat | 1000 KW |
Ongoing Projects of the Company across Various Segments :
| Client Name | Location | Capacity |
|---|---|---|
| Shantivan Colony, (Adani Group Township) |
Mundra | 350 KW |
| J.B. Packaging | Ahmedabad | 250 KW |
| Charusat University | Changa, Anand | 200 KW |
| Karnavati Club Limited | Ahmedabad | 200 KW |
| Sandipani Gurukul | Porbandar | 198 KW |
| City Civil & Session Court | Ahmedabad | 150 KW |
| Serve Shanti Properties Private Ltd | Gujarat | 2300 KW |
Management Team:
- Mr. Kunjbihari Shah (Designation: Managing Director)
- Ms. Parul Shah (Designation: Whole-Time Director)
- Mr. Bhargav Mehta (Designation: Whole-Time Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Mr. Kunjbihari Shah | 43,91,520 | 9.40 |
| Mr. Jugal Kishor Shah | 6,92,000 | 2.50 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoters | ||
| Mr. Kunjbihari Shah | 81.829 | 60.020 |
| Mr. Jugalkishor Shah | 12.894 | 9.458 |
| Promoter Group Entities | 4.031 | 2.958 |
| Total | 98.75% | 72.43% |
Objectives of the Issue:
- Working Capital Requirement.
- General Corporate Purpose.
- Meeting Public Issue Expenses
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Net Incremental Working Capital requirements | 7.95 |
| General Corporate Expenses | 1.69 |
| Public Issue Expenses | 0.50 |
| Net Proceeds | 10.14 cr |
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 30th June 17 |
|---|---|---|---|---|---|---|
| Revenue | 8.85 | 9.52 | 8.70 | 9.20 | 16.74 | 8.24 |
| Net Profit | 0.09 | 0.11 | 0.046 | 0.10 | 0.23 | 0.49 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Zodiac Energy Limited | 10 | 0.67 | 77.61 | 15.62 | 4.27 |
| Ujaas Energy Limited | 10 | 1.82 | 12.86 | 15.88 | 11.43 |
| KP Energy Limited | 10 | 2.46 | 138.30 | 6.40 | 38.44 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 23rd November 2017 |
| Issue Closes on:. | 27th November 2017 |
| Issue Price | Rs.52 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 |
| Minimum Investment | Rs.1,04,000 |
| Issue Constitutes | 26.65% |
| Issue Size | Rs.10.14 cr |
| Market Cap | Rs.38.04 cr |
| Listing at | NSE SME |
| Total Equity Shares Offered (Fresh) | 19,50,000 |
| Equity Shares Prior | 53,66,720 |
| Equity Shares after the issue | 73,16,720 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.67 | 77.61 | 15.62% | 4.27 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Neutral | NA | NA |
Important Dates to Remember:
| Finalization of Basis of Alottment | on or Before 30th November 2017 |
| Initiation of Refunds | on or Before 1st December 2017 |
| Credit of Equity Shares: | on or Before 4th December 2017 |
| Listing Date: | on or Before 5th December 2017 |
| Check IPO Allotment Status: |
|---|
Link InTime Websitehttps://linkintime.co.in/PublicIssues/ |
| Company Contact Info: |
|---|
| Zodiac Energy Limited A-1204, Siddhi Vinayak Towers, Off S G Highway, Makarba, Vejalpur, Ahmedabad – 380051, Gujarat Contact Person: Ms. Niyati Parikh; Tel No.: +91 – 79 – 2970 4116 Email: compliance@zodiacenergy.com; Web: www.zodiacenergy.com |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED SEBI Registration Number: INR000004058 C – 101, 1st Floor, 247 Park, Lal Bhadur Shastri Marg, Vikhroli (West), Mumbai – 400 083 Tel: +91 – 22 – 4918 6200; Fax: +91 – 22 – 4918 6195 Email: zodiacenergy.ipo@linkintime.co.in Investor E-mail: zodiacenergy.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| SWASTIKA INVESTMART LIMITED SEBI Registration Number: INM000012102 Address: 305, Madhuban Building, Cochin Street, S.B.S. Road, Fort, Mumbai, Maharashtra – 400 001. Tel No.: +91 – 22 – 2265 5565; Email Id: merchantbanking@swastika.co.in Investors Email: investorgreivance@swastika.co.in Website: www.swastika.co.in |
