latest ipo

Advanced Enzyme

Posted on by Hiren Kamani

Advanced Enzyme IPO

Advanced Enzyme Incorporated in 1989, Advanced Enzyme Technologies Ltd is an India based company engaged in research, development, manufacturing and marketing of Healthcare, Nutrition and Bio-Processing products.

Advanced Enzyme produces over 400 proprietary products developed from 60 enzymes. Advanced Enzyme operates in two primary business verticals namely Healthcare & Nutrition (human and animal) and Bio-Processing (food and non-food).

Advanced Enzyme has 13 patents registered in its name and applications for registration of 4 patents are pending.

Advanced Enzyme is among top 15 companies in enzyme sales in the world and 2nd largest in India. Company has over 20 years of fermentation experience in the production of enzymes. Companies offer these products to its more than 700 global customers across 50 countries around the world.


Advanced Enzyme's R&D team consists of over 55 scientists, microbiologists, engineers, food technologists and biotechnologists. Company has four R&D facilities, of which two are located at Thane, and one each at Sinner and Chino, California.

Competitive strengths of the company:

1. Integrated Company with presence across the Enzyme Value Chain
2. Strong R&D, enzyme development and manufacturing capabilities
3. Specialized Business Model with high entry barriers
4. Diversified Product Portfolio and Wide Customer Base, served by a Strong Sales, Marketing and Distribution network
5. Experienced Promoters and Strong Management Team
6. Financial stability and stable cash flows

Company Promoters:

The promoters of the company are:
1. Mr. Chandrakant Laxminarayan Rathi
2. Mr. Vasant Laxminarayan Rathi

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
  31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 4,516.50 4,180.92 4,082.76 3,963.47 3,490.09
Total Revenue 2,946.37 2,242.69 2,404.81 2,241.15 1,748.78
Profit After Tax (PAT) 784.35 501.02 200.86 492.19 333.36

Objects of the Issue:

The Offer consists of a Fresh Issue by the company and an Offer for Sale by the Selling Shareholders.

1. Offer for Sale
Company will not receive any proceeds from the Offer for Sale.

2. The Fresh Issue
The object of the fresh issue is to invest in Advanced Enzymes USA, the wholly owned subsidiary for repayment / pre-payment of certain loans availed by Advanced Enzymes USA; and general corporate purposes.

Issue Detail:

  »» Issue Open: Jul 20, 2016 – Jul 22, 2016
  »» Issue Type: Book Built Issue IPO
  »» Issue Size:
    › Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 50.00 Cr
    ›  Offer for Sale of 4,034,470 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »» Face Value: Rs 10 Per Equity Share
  »» Issue Price: Rs. 880 – Rs. 896 Per Equity Share
  »» Market Lot: 16 Shares
  »» Minimum Order Quantity: 16 Shares
  »» Listing At: BSE, NSE

L&T Infotech Ltd IPO (L&T Infotech IPO) Detail

Posted on by Hiren Kamani

lt infotech ipo

L&T infotech (Larsen & Toubro InfoTech) Incorporated in 1997, L&T infotech (Larsen & Toubro InfoTech), a subsidiary of Larsen & Toubro is one of the global IT solutions & services company based in Mumbai. L&T infotech (Larsen & Toubro InfoTech) offers their IT services in diverse industries such as banking and financial services, insurance, energy and process, consumer packaged goods, retail and pharmaceuticals, media and entertainment, hi-tech and consumer electronics and automotive and aerospace.

L&T infotech (Larsen & Toubro InfoTech) provides range of services includes application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions and platform-based solutions.

L&T infotech (Larsen & Toubro InfoTech) is amongst the top 20 IT service providers globally in 2015 according to the Everest Group's PEAK Matrix for IT service providers. Their clients comprise some of the world's largest and well-known organizations, including 43 of the Fortune Global 500 companies.

Company Promoters:

The promoters of the company are:

1. Larsen & Toubro Ltd

Objects of the Issue:

The objects of the offer are:

1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
2. To carry out the sale of up to 17,500,000 Equity Shares by the Selling Shareholder.

Issue Detail:

  »» Issue Open: Jul 11, 2016 – Jul 13, 2016
  »» Issue Type: Book Built Issue IPO
  »» Issue Size: [.] Equity Shares of Rs 1 aggregating up to Rs 1,400.00 Cr
  »» Face Value: Rs 1 per Equity Share
  »» Issue Price: Rs. 778 – Rs. 800 per Equity Share
  »» Market Lot: 18 Shares
  »» Minimum Order Quantity: 18 Shares
  »» Listing At: BSE, NSE

Note : Discount for Retail Investor is 10 RS.

Quess Corp Ltd IPO (Quess Corp IPO) Detail

Posted on by Hiren Kamani

Quess corp ipo

Quess Corp Incorporated in 2007, Quess Corp Limited (formerly known as IKYA HUMAN CAPITAL SOLUTIONS LIMITED), is integrated business services provider in India mainly focused on emerging as the preferred partner for handling end-to-end business functions of their clients. Quess Corp offers services across many sectors like IT and ITES staffing, managing facilities, F&B sector, skill development training, general staffing, HR solutions, engineering services, etc.

Quess Corp Headquarter is in Bangalore, the Company has pan-India presence with 47 offices across 26 cities, as well as operations in North America, the Middle East and South East Asia. Quess Corp serves over 1300+ customers across 4 segments namely, Global Technology Solutions, People & Services, Integrated Facility Management and Industrial Asset Management.

Company Promoters:

The promoters of the company are:

1. Ajit Isaac
2. Thomas Cook (India) Ltd ('TCIL')

Objects of the Issue:

The objects of the issue are:

1. Repayment of debt availed by the Company;
2. Funding capital expenditure requirements of the Company and their Subsidiary, MFX US;
3. Funding incremental working capital requirement;
4. Acquisitions and other strategic initiatives; and
5. General corporate purposes.

Issue Detail:

  »» Issue Open: Jun 29, 2016 – Jul 1, 2016
  »» Issue Type: Book Built Issue IPO
  »» Issue Size: [.] Equity Shares of Rs 10 aggregating up to Rs 400.00 Cr
  »» Face Value: Rs 10 per Equity Share
  »» Issue Price: Rs. 310 – Rs. 317 per Equity Share
  »» Market Lot: 45 Shares
  »» Minimum Order Quantity: 45 Shares
  »» Listing At: BSE, NSE

Mahanagar Gas Limited IPO (Mahanagar Gas IPO) Detail

Posted on by Hiren Kamani

Mahanagar gas

Mahanagar Gas Incorporated in 1995, Mahanagar Gas Limited is a city gas distribution company. Mahanagar Gas supply natural gas in Mumbai and its surrounding areas. Mahanagar Gas is sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai. CNG is used in motor vehicles and PNG for domestic household use as well as for commercial and industrial use.

Mahanagar Gas supply CNG though its network of 180 CNG filling stations which includes stations owned and operated by the company, oil marketing companies and private parties. CNG and PNG businesses accounted for 65.10% and 34.90%, respectively, of total gas sales revenue.

Mahanagar Gas distribute natural gas through an extensive CGD network of pipelines, for which Mahanagar Gas have the exclusive authorization to lay, build, expand and operate the city gas distribution network. Company has a supply network of over 4,464 kms of pipelines.

Competitive Strengths:

1. Well positioned in Mumbai, one of the most populous cities in the world and second largest metropolitan city in India
2. Cost effective availability of domestic natural gas
3. Infrastructure exclusivity and established infrastructure network
4. Experience in successful development and operation of city gas distribution business.
5. Promoters with strong national and multinational experience
6. Strong financial performance with consistent growth and profitability

Company Promoters:

The promoters of the company are:
1. GAIL (India) Limited; and
2. BG Asia Pacific Holdings Pvt. Limited

Objects of the Issue:

The objects of the Offer are:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. To carry out the Offer for Sale

Note: Company will not receive any proceeds from the Offer and all proceeds from the Offer shall go to the Selling Shareholders.

Issue Detail:

  »» Issue Open: 20 – 22 June (Tentative)
  »» Issue Type: Book Built Issue IPO
  »» Issue Size: 24,694,500 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »» Face Value: Rs 10 Per Equity Share
  »» Issue Price: Rs. 455 – Rs. 485 Per Equity Share
  »» Market Lot:  30
  »» Issue size: Rs 1198 Cr
  »» Listing At: BSE, NSE

Parag Milk Foods Ltd IPO (Parag Milk IPO)

Posted on by Hiren Kamani

Parag Milk Foods Ltd

Parag Milk Foods Ltd Incorporated in 1992, Parag Milk Foods Ltd is Pune based dairy-based branded food producer. Parag Milk Foods Ltd is involve in collection, distribution of milk and producing dairy-based branded consumer products including cheese, ghee, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages. All products of the company are made from cow milk.

Company's manufacturing facilities are located at Manchar in the Pune district of Maharashtra and Palamaner in the Chittoor district of Andhra Pradesh. Company's supply chain network includes procurement from 29 districts across Maharashtra, Andhra Pradesh, Karnataka and Tamil Nadu, through over 3,400 village level milk collection centres. Parag Milk Foods Brand and product lineup under them:

1. Gowardhan
Gowardhan brand is targeted at house-hold consumption and to be used as cooking ingredients. The products under this brand includes fresh milk, curd products (curd, trim curd and buttermilk), ghee, paneer, butter, milk powders, whey proteins, gulab jamun mix and shrikhand.

2. Go
Targeted at children and the youth generation, primarily for direct consumption. The products under this brand includes cheese products, UHT milk (go milk, go slim milk and go supremo milk), fresh milk: go kidz, fruit yoghurts in six flavours, fresh cream and beverages (lassi and buttermilk in two flavours).

3. Pride of Cows
Farm-to-home concept of milk, directly delivered from the farm to a consumer's door-step, through a subscription model. Targeted at household consumers seeking premium quality cow's milk. The product include under this brand is cow milk.

4. Topp Up
Targeted at the youth generation and travellers as a source of instant nourishment. The products under this brand includes flavoured milk in six flavours.

Competitive Strengths:
1. Well Established Brands Targeting a Range of Consumer Groups
2. Integrated Business Model
3. Diversified Product Portfolio and Customer Base
4. Growing Pan-India Distribution Network
5. Established Track Record of Growth and Financial Performance
6. Experienced Senior Management

Company Promoters:

The Promoters of the company are:

1. Mr Devendra Shah
2. Mr Pritam Shah and
3. Parag Shah

Company Financials:

Particulars

For the year/period ended (in Rs. Million)
  31-Dec-15 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Assets 9,701.09 9,229.82 8,228.84 6,914.37 6,049.71 4,733.14
Total Revenue 12,311.88 14,405.19 10,895.00 9,271.49 9,005.40 6,585.03
Profit After Tax (PAT) 319.23 259.66 159.68 207.74 188.97 (4.14)

Objects of the Issue:

The object of the issue are:

1. To meet the capital expenditure requirements for expansion and modernisation of existing manufacturing facilities at Manchar and Palamaner;
2. Investment in Subsidiary for financing the capital expenditure requirements in relation to the expansion and modernisation of the Bhagyalaxmi Dairy Farm;
3. Partial repayment of the Working Capital Consortium Loan; and
4. General corporate purposes.

Issue Detail:

  »»  Issue Open: May 4, 2016 – May 6, 2016
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size:
    ›  Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 325.00 Cr
    ›  Offer for Sale of 19,850,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs. 220 – Rs. 227 Per Equity Share
  »»  Market Lot: 65 Shares
  »»  Minimum Order Quantity: 65 Shares
  »»  Listing At: BSE, NSE

Discount Retail Individual Bidders and Eligible Employees

Parag Milk Foods offers discount of up to Rs 12 on Issue Price (per Equity Share) to all eligible Retail Individual Bidders and Eligible Employees.

Issue Subscription Detail / Current Bidding Status

  Number of Times Issue is Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Total
Shares Offered / Reserved 10,388,303 5,098,447 3,398,964 300,000 19,185,714
Day 1 – May 4, 2016 17:00 IST 0.1300 0.0300 0.1500 0.0300 0.1000

 

Ujjivan Financial Services Ltd

Posted on by Hiren Kamani

Ujjivan Financial Services LtdUjjivan Financial Services Ltd  Incorporated in 2005, Ujjivan Financial Services Ltd is an Indian microfinance services company primarily based on the joint liability group lending model for providing collateral free, small ticket-size loans to economically active poor women. They also offer individual loans to Micro & Small Enterprises ("MSEs").

Ujjivan Financial Services Ltd  offer group loans and individual loan as per their customer requirements. That includes agricultural, education, home improvement, and home purchase and livestock loans. In addition to loan products, they also provide non-credit offerings comprising of life insurance products, in partnership with insurance providers such as Baja Allianz Life Insurance, Kotak Mahindra Life Insurance, and HDFC Life Insurance Company Ltd.

Ujjivan Financial Services Ltd operations are spread across 24 states and union territories, and 209 districts across India. Serve over 2.77 million active customers through our 469 branches and 7,786 employees.

Company Promoters:

Ujjivan Financial Services Ltd is a professionally managed company and does not have an identifiable promoter either in terms of the SEBI ICDR Regulations or the Companies Act, 2013. Consequently, it has no 'promoter group' in terms of the SEBI ICDR Regulations.

Objects of the Issue:

The object of the issue is to:

1. Augmenting capital base to meet future capital requirements;
2. General corporate purpose.

Issue Detail:

  »»  Issue Open: Apr 28, 2016 – May 2, 2016
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 42,270,760 Equity Shares of Rs 10 aggregating up to Rs 887.69 Cr
    ›  Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 358.16 Cr
    ›  Offer for Sale of 24,968,332 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs. 207 – Rs. 210 Per Equity Share
  »»  Market Lot: 70 Shares
  »»  Minimum Order Quantity: 70 Shares
  »»  Listing At: BSE, NSE

The Initial Public Offer of Ujjivan Financial comprise of:

  1. A fresh issue of up to (*) equity shares aggregating up to Rs. 358.16 Crores and
  2. An offer for sale up to 24,968,332 equity shares aggregating up to Rs. [*] Crores

 

Thyrocare Technologies Ltd IPO

Posted on by Hiren Kamani

Thyrocare Technologies Ltd

Thyrocare Technologies Ltd Incorporated in 2000, Thyrocare Technologies Ltd is one of the leading pan-India diagnostic chains and conducts an array of medical diagnostic tests and profiles of tests that helps in early detection and management of disorders and diseases.

They are India's first fully automated diagnostic laboratory having its strong presence in more than 2000 cities / towns in India and internationally. As of November 30, 2015, they offered 192 tests and 54 profiles of tests to detect a number of disorders, including thyroid disorders, growth disorders, metabolism disorders, auto-immunity, diabetes, anemia, cardiovascular disorders, infertility and various infectious diseases.

Their laboratory process over 30,000 sample and above 1 lakh investigations every day. Their profiles of tests include 17 profiles of tests administered under their 'Aarogyam' brand. Through wholly owned subsidiary, NHL, they operate a network of molecular imaging centers in New Delhi, Navi Mumbai and Hyderabad, focused on early and effective cancer monitoring.

Company Promoters:

The promoters of the company are:

1. Dr A. Velumani
2. Mr A. Sundararaju

Objects of the Issue:

The object of the issue is to:

1. Achieve the benefits of listing the Equity Shares on the BSE and the NSE; and
2. Carry out the sale of up to 10,744,708 Equity Shares by the Selling Shareholders.

Issue Detail:

  »» Issue Open: Apr 27, 2016 – Apr 29, 2016
  »» Issue Type: 100% Book Built Issue IPO
  »» Issue Size: 10,744,708 Equity Shares of Rs. 10
  »» Issue Size: Rs. [.] Crore
  »» Face Value: Rs. 10 Per Equity Share
  »» Issue Price: Rs. – Rs. Per Equity Share
  »» Market Lot:
  »» Minimum Order Quantity:
  »» Listing At: BSE, NSE