- Janus Corporation Ltd Details
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Janus Corporation Ltd Details
|Issue Price||Rs. 50|
|Market Lot||3000 Shares|
|Shares on Offer||1,599,000|
|Subject to Sauda||N/A|
Janus Corporation an Indigenous organisation established in 1997 by few Technocrats to offer the best and renowned quality multi Freq/ GNSS products and best of the security to the Indian Defense and Aerospace.
Their mission is to understand the fundamental needs of our clients, propose and provide pre-tested optimized solutions thus assisting our clients to locate the shortest and surest path to success.
With above mission in mind Janus works closely with the customers understanding their Technical requirements and try to provide them the best of the products/ solutions.
Through these relationships, Janus has gained in-depth knowledge and insight into the customers’ working environments and an equally deep understanding of their challenges and needs.
Janus has its branches across the country in major cities/ metros like Gurgaon, Hyderabad, Bangalore, Ahmadabad, Bhubaneswar, Balasore etc. thus meeting the requirements of the following segments:
- Space & Aviation
- Research & Development Organizations
- Automotive Industry
- Telecom Industry
Janus also provides a complete range of services by leveraging expansion in core areas with strategic alliances with leading world’s technology providers.
Among other services, Janus offers project feasible reports, application services, systems integration, product engineering, maintenance, re-engineering, independent testing, validation services and executes Annual Maintenance Contracts for various mission critical products supplied & installed and projects executed in the past.
Janus network follows all over India through its valued customer’s network with over 100 satisfied customers in the Telecom, Indian Defence, DRDO, Aerospace, Nuclear and Research Industry.
Janus takes pride of having long-term customer relationships.
Janus believes in having the engineers’ factory trained as they want to give the best support to the customers to keep them satisfied. All our engineers are factory trained. We have separate groups for sales and support thus reducing the down time.
Public issue of 15,99,000 equity shares of face value of Rs.
10 each of Janus Corporation Limited (the company or the isssuer) for cash at a price of Rs. 50 per equity share (including a share premium of Rs.40 per equity share) (issue price) aggregating to Rs.
8 Crores (the issue). Of the issue, 81,000 equity shares aggregating to Rs. 0.41 Crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 15,18,000 equity shares of face value of Rs. 10 each at an issue price of Rs.50 per equity share aggregating to Rs.7.59 Crores is hereinafter referred to as the net issue. The issue and the net issue will Constitute 27.86% and 26.45%, respectively of the post issue paid up equity share capital of the company.
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The face value of the equity shares is Rs. 10 each and the issue price of Rs.50 is 5 times of the face value.
The Promoters of this company are Lemon Management Consultancy Private Limited and Sachin B. Puri. The lead manager to the issue are First Overseas Capital Limited and the Registrar to this issue is Bigshare Services Private Limited.
UTI Asset Management Company Ltd Details
|Issue Date||Feb, 2020 - Feb, 2020|
|Issue Price||Rs. 1040-1050 (Tentative)|
|Market Lot||14 (Tentative) Shares|
|Shares on Offer||38,987,081|
|GMP||Rs.115 - 120|
|Subject to Sauda||N/A|
They are the seventh largest asset management company in India in terms of mutual fund QAAUM as of September 30, 2019, according to CRISIL.
With more than 11 million Live Folios as of September 30, 2019, our client base accounts for 12.8% of the approximately 86 million folios that, according to CRISIL, are managed by the Indian mutual fund industry. Our history and track record in the mutual fund industry, strong brand recognition, distribution reach, performance and client relationships provide a platform for future growth.
They are a professionally managed company led by our Board of Directors and a dedicated and experienced management team.
For purposes of the SEBI Mutual Fund Regulations, our four sponsors are the State Bank of India (“SBI”), Life Insurance Corporation of India (“LIC”), Punjab National Bank (“PNB”) and Bank of Baroda (“BOB”) (collectively, the “Sponsors”), each of which has the Government of India as a majority shareholder. T. Rowe Price Group, Inc., a global asset management company, is our other major shareholder (through its subsidiary T. Rowe Price International Ltd.
They have a national footprint and offer our schemes through a diverse range of distribution channels. As of September 30, 2019, our distribution network includes 163 UTI Financial Centres (“UFCs”), 273 Business Development Associates (“BDAs”) and Chief Agents (“CAs”) (46 of whom operate Official Points of Acceptance (“OPAs”)) and 33 other OPAs, most of which are in each case located in B30 cities. Our IFAs channel includes approximately 51,000 Independent Financial Advisors (“IFAs”) as of September 30, 2019.
UTI Asset Management Company has filed draft red herring prospectus with markets regulator the Securities and Exchange Board of India (SEBI) to raise funds through initial public offer.
The public issue consists of an offer for sale by shareholders including State Bank of India, Bank of Baroda, LIC, Punjab National BankNSE -2.47 % and T Rowe Price.
The first three shareholders will sell 10,459,949 shares each, while the other two will offload 3,803,617 shares each.
Media reports peg the IPO size at around Rs 3,800-4,800 crore, which would value the asset manager at around Rs 12,000-15,000 crore.
UTI AMC is the seventh-largest asset management company in India in terms of mutual fund QAAUM (quarterly average assets under management) as of September 30, according to CrisilNSE -1.94 %.
SBI, LIC, PNB and BoB each hold 18.5 per cent stake in the asset manager, while the remaining stake is held by US-based T Rowe Price.
UTI AMC manages 178 domestic mutual fund schemes, comprising equity, hybrid, income, liquid and money market funds as of September 30.
It manages the domestic mutual funds of UTI Mutual Fund, provide portfolio management services (PMS) to institutional clients and high net worth individuals (HNIs), and manage retirement funds, offshore funds and alternative investment funds.
Kotak Mahindra Capital Company, Axis Capital, Citigroup Global Markets India, Bank of America Securities, ICICI Securities, JM Financial and SBI Capital Markets are the bankers to the issue.
The asset manager will be the third in the industry after Reliance Nippon Life Asset Management and HDFC Asset Management to go public.
CRISIL projects QAAUM of the Indian mutual funds industry to grow at a CAGR of 17-19% between September 30, 2019 and March 31, 2024, reaching a total of Rs 54-58 lakh crore.
The ratings agency expects the key drivers of that growth to include the anticipated pick-up in economic growth, growing investor bases across geographies, higher disposable income levels and investable household surplus, increases in aggregate household and financial savings, increases in geographical penetration as well as better awareness, ease of investing, digitalisation, and perception of mutual funds as long-term wealth creators, driven in part by government initiatives.
HindPrakash Industries Ltd Details
|Issue Date||15/01 - 17/01|
|Issue Price||Rs. 40|
|Market Lot||3000 Shares|
|Shares on Offer||2,880,000|
|Subject to Sauda||N/A|
Incorporated in 2008, Ahmedabad based Hindprakash Industries Limited manufactures Disperse Dyes, Reactive Dyes, Textile auxiliaries, Intermediates and Chemicals.
Along with production, the company is also engaged in the trading of its products to various industries. Some of the industries are Speciality Chemicals, Construction Chemicals, Dye intermediates, Textiles and Dyestuff.
The company is located at Vatva (Gujarat) which is known for blending, formulation, and manufacturing of auxiliaries, dyes and intermediaries.
Hindprakash has a manufacturing unit and a separate laboratory for operational efficiency.
Current/New IPOs - 2019
For business operations, the company has all the related types of machinery.
All the process starting from raw material procurement to inspection to synthesizing to drying to blending to packaging to delivery are carried out in-house by the company. HindPrakash Industries Ltd has two warehouses to store the raw material and finished goods.
HindPrakash uses a 3rd party transportation facility.
With a humble beginning Hindprakash is determined to reach & sustain a position of leadership. It will be a force to reckon with for setting trends with the values & principles of the group.
With emphasis on safety, harmony with confidenc, innovation & continuours improvement. Hindprakash will provide a fair oppoatunity to each one to beat their best, for growth through transparency, trust and honesty.
SANJAY PRAKASH MANGAL
OM PRAKASH MANGAL
- MR. SANTOSH NARAYAN NAMBIAR
HindPrakash IPO is a SME initial public offering of 2,880,000 equity shares of the face value of ₹10 aggregating up to ₹11.52 Crores.
The issue price of the IPO is ₹40 Per Equity Share.
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The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The issue opens on Jan 15, 2020 and closes for subscription on Jan 17, 2020. The equity shares of the company to be list at NSE SME.The price for the issue has been set at Rs 40 Per Equity Share.
The group business was started by late Shri Tejmalji Mangal at Beawar, in the province of Rajasthan, west part of India.
The main activities were trading and distribution of Paper and Chemicals in 1942.
Big expansions were carried out by forward integration i.e entering into manufacturing of exercise note books and allied products, in continuation of paper and chemical trading & distribution business in 1951.
A new branch office was opened in the major city of Rajasthan named Ajmer.
It was headed by a Shri Om Prakash Mangal in 1962.
Again a new branch officer was opened in the capital city of Rajasthan, named Jaipur. This was looking to the flourishing demand and need of the business in 1975.
Group opened its new office at Ahmedabad, in the province of Gujarat, which is called the Manchester of textile industry in India in 1984.
Group Started venturing out for manufacturing of dye Intermediates, as an locational advantage of Ahmedabad.
This was the point from where group also stated timing more and more professionals in its working and ownership in 1987.
Group started its first dye intermediates manufacturing plant, mainly producing Naphtelen and benezone derivatives 1991.
Group again carried out expansion in the field of manufacturing dyestuff at forward integration, in addition to manufacturing of dye intermediates in 1997.
Group stopped manufacturing of major dye intermediates and in turn started more focus on manufacturing of dyes and converting itself as a buying and selling house in 2001.
Group made major investments in the field of logistics to support its manufacturing and trading and distribution activities.
These expansion included building of own warehouse, etc. in 2005
Finally, on June 01, 2008, group shifted to a single point location at Vatva, Ahmedabad, i.e shifting its corporate head-quarters, labs, warehousing etc from different locations. Group also signed this year, a technied agreement with "LONSEN" Group China, to start manufacturing of different auxiliaries in India.
The company started manufacturing and marketing of Reactive Dyes under the brand name HINDACIVE IN 2011
Hindprakash enters into an agreement with France based SNF Group for distribution of its range of thickners and water treatment chemicals in 2012.
The group further expands and increases its infrastructure facility by acquiring ans SEZ unit in Kandla (KASEZ) to facilitate its international trade in 2014.
Hindprakash expanded its horizon by venturing into agri - commodities with export of Rice and Pulses to several countries with addition of other products in 2016.
HINDPRAKASH enters in its 75th year of business existence and incorporates a wholly owned subsidiary in UAE to support its global business.
Hindprakash continues to expand, innovate and strive to add values to its products and services in 2017.
Company developed the new identity in the name of HINDPRAKAS LONSEN INDUSTRIES PVT.
LTD. To HINDPRAKASH INDUSRIES LTD. in 2018.
Gian Life Care Limited Details
|Issue Date||31/12 - 03/01|
|Issue Price||Rs. 22|
|Market Lot||6000 Shares|
|Shares on Offer||1,416,000|
|Subject to Sauda||N/A|
The Company was incorporated on November 06, 2018, under the provisions of the Companies Act, 2013 by Registrar of Companies, Kanpur.
On March 01, 2019, the company took over the entire running business of M/s Gian Pathology and XRays, a proprietorship concern of the promoter Mr. Arun Kumar Gupta with a view to providing diagnostic and related healthcare tests and services.[ A firm, which was formed in 1995, converted into the company in 2018 to bring IPO ]
They are primarily engaged in the business of providing diagnostic and related healthcare tests and services in Kanpur and nearby areas.
They provide a broad range of diagnostic and related healthcare tests and services such as patient diagnosis services and prevention and wellness diagnosis services to its patients and healthcare providers. The customers include individual patients, hospitals, other healthcare providers and corporate customers.
They offer a broad range of approximately 1,344 tests as of March 31, 2019, it includes various tests ranging from biochemistry, clinical pathology, coagulation, cytogenetics, cytology, hematology, histopathology, immunoassay, microbiology, molecular biology and radiology services.They intend to utilize the proceeds of the Issue to meet the following objectives..
Incorporated in 2018, Kanpur (UP) based Gian Life Care Limited is engaged in the business of providing diagnostic and related healthcare services.
The company provides a wide range of diagnostic tests and services like patient diagnosis services, prevention, and wellness diagnosis services to patients and healthcare providers.
The company caters to individual patients, hospitals, corporates and other healthcare providers.
The company offers over 1,344 tests including biochemistry, clinical pathology, coagulation, cytogenetics, cytology, hematology, histopathology, immunoassay, microbiology, molecular biology, and radiology services.
Gian Life is NABL accredited and ISO 9001:2015 certified company.
It has 59 full-time employees.
Objective of the issue
The Issue includes a fresh Issue of up to 14,16,000 Equity Shares of the Company at an Issue Price of Rs.
22.00 per Equity Share.
- To open a processing center in nearby cites of Kanpur (Jhansi, Banda, Faizabad, Unnao).
- To purchase advanced machinery and equipment.
- Repayment/pre-payment, of certain borrowings availed by the Company.
- To meet issue expenses
Arun Kumar Gupta is the promoter of the company, and he has completed his degree in Pathology from G.S.V.M. Medical College in Kanpur. Under his guidance and efforts the laboratory has taken the shape of a big diagnostic center which has its 2 branches across Kanpur and collection centers in its adjoining districts. His knowledge and understanding have helped us foster a reputation among medical practitioners, patients and other healthcare providers as a timely, accurate, convenient and cost-effective laboratory testing services.
The Company was incorporated as a public limited company under the Companies Act, 2013 on November 06, 2018, and pursuant to incorporation have taken over the business of Gian Pathology and X Rays on March 01, 2019.
The major business transactions (revenue activities) have taken place post the acquisition of the business by the Company i.e. after March 01, 2019.
Comparision with the Peers
Thyrocare is the peer of the Gian Life. It is currently available at P/E of 25x. Gian Life Care SME IPO is issuing shares at P/E of 15x. The valuation is not cheap, considering the size and operation of both companies. The RONW of Gian LIfe care is only 9% and Thyrocare is having RONW of 20%, which shows the Thyrocare has super return on net-worth as compared to Gian Life.
The financial data given in the DRHP is not enough to gauze the performance of the company.
Therefore, nothing concrete can be concluded. If someone is really looking to invest in the diagnostic sector, then they can look for Dr. Lal Path and Thyrocare, which are available at good valuation and growing rapidly.
Vaxtex Cotfab Limited Details
|Issue Date||27/12 - 03/01|
|Issue Price||Rs. 24|
|Market Lot||6000 Shares|
|Shares on Offer||1,596,000|
|Subject to Sauda||N/A|
VAXTEX COTFAB LTD is one of theleading textile processing house located in ahmedabad with highly efficient machinary.we have instaled dyeing & printing capacity of more than 1 Million Meters monthly.we have been catering textile market since 2006 with high quality fabrics.
pramoters of the company have exeperience of more then 25 years in textiles industries.
To be a complete & most respected M an u fact u rerfor entire range of Fabrics & Garments in the textile industry.To trade products comparable to international standards, to be customer focused & globally competitive through better quality, latest technology & continuous innovation.
VAXTEX COTFAB are engaged in the business of Textile processing of fabric and trading. Our Company is engaged in the Processing (dyeing and finishing) of grey fabrics for shirting, suiting, and other accessories and also on outsourcing basis for other fabric / garment companies.
They have an installed capacity of 12,00,000 mtrs / month for processing of various fabrics from natural and man -made fibres specializing in 100% cotton, Giza & Supima cotton blended fabrics, polyester viscose and polyester cotton.
Our Company procures Grey fabrics and process it into Finish Fabric as per the client’s requirement.
Earlier, prior to 2017, our company was involved in trading business of fabric.
They were used to buy ready fabrics and sell into market. In the year 2017, our Company procured machines with latest technology for processing of fabrics and also consequently increased our installed capacity.
They process various fabrics like 100% Cotton – Lycra and Non-Lycra, Blended Cotton Suiting – Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen.
Our Company also undertakes corporate orders for Finished Fabrics for corporate brands. At our processing unit we do the process of Dyeing and finishing of fabrics which is termed as finished fabric and is ready to use for processing. Further finished fabrics are folded, checked and packed as per client’s requirement. Than the packed fabrics are directly sent to our Storage unit or are delivered to client’s go down.
Their processing unit is located at Narol, Ahmedabad in Gujarat and majority of the manufactured goods are dispatched from this unit itself.
They also have a Packing and Storage unit at nearby place to our unit, Narol, in Gujarat and they dispatch the Stocked goods and certain outsourced processed goods from this unit.
They have a dedicated in-house Testing and Quality Control Team which undertakes rigorous testing and quality management.
We have dedicated semi-automatic and manual testing machines. Our Testing and QC team coupled with our testing equipment’s ensure the quality of raw material dispensed in the production process and also the finished goods delivered to our customers. This helps in improving our procurement process thus reducing wastages, returns and other related costs.
Incorporated in 2005, Ahmedabad based Vaxtex Cotfab Limited is engaged in the business of Textile processing of fabric and trading.
The Company does Processing (dyeing and finishing) of grey fabrics for shirting, suiting, and other accessories. It also works on an outsourcing basis for other fabric/garment companies.
Vartex has a processing unit and a Packing and Storage unit located at Narol, Ahmedabad in Gujarat.
The installed capacity of the processing unit is 12,00,000 meters/month for processing of various fabrics from natural and man-made fibres specializing in 100% cotton, Giza & Supima cotton blended fabrics, polyester viscose and polyester cotton. The company undertakes corporate orders for Finished Fabrics from brands.
It also has a dedicated in-house Testing and Quality Control Team which undertakes testing and quality management.
Vaxtex Cotfab Limited is a Public incorporated on 26 December 2005.
It is classified as Non-govt company and is registered at Registrar of Companies, Ahmedabad. Its authorized share capital is Rs. 62,500,000 and its paid up capital is Rs. 44,275,000. It is inolved in Wholesale on a fee or contract basis.
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[Includes commission agents, commodity brokers and auctioneers and all other wholesalers who trade on behalf and on the account of others. Activities of self employed auctioneers are included in 74991.]
Vaxtex Cotfab Ltd. (VCL) that started a cotton fabrics trading business at Kolkata has shifted its operations to Gujarat and is now also engaged in processing of fabrics at the rented plant.
It currently does job work for third party products. It plans to gradually shift to own fabrics processing going forward based on growth in demand.
Revenue from job work has the lion share in its top line.
To part finance its needs for acquiring machinery (Rs. 0.59 cr.), working capital (Rs. 2.50 cr.) and general corpus fund (Rs. 0.44 cr.) VCL is coming out with a maiden IPO of 1596000 equity shares of Rs. 10 each at a fixed price of Rs. 24 per share to mobilize Rs. 3.83 cr.
The issue opens for subscription on 27.12.19 and will close on 03.01.20. The minimum application is to be made for 6000 shares and in multiples thereon, thereafter. Post allotment, shares will be listed on NSE SME Emerge. The issue constitutes 26.5% of the post issue paid-up capital of the company. VCL is spending Rs.
0.30 cr. for the entire proceeds of this IPO.
The issue is solely lead managed by Capitalsquare Advisors Pvt. Ltd. and Bigshare Services Pvt.
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Ltd. is the registrar to the issue. NNM Securities Pvt. Ltd.
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is the market maker for this issue.
Having issued initial equity at par value, VCL raised further equity for Rs. 100 per share in March 2006 and had issued bonus shares in the ratio of 10 shares for every 1 share held in April 2019.
The average cost of acquisition of shares by the promoters is Rs.
0.09 and Rs. 0.91 per share. Post issue, VCL's paid-up capital will stand enhanced from Rs. 4.43 cr. to Rs. 6.02 cr. Thus the company mulls market capitalization of Rs. 14.46 cr.
For the last three fiscals, VCL has posted turnover/net profits of Rs. 4.46 cr. / Rs.
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0.02 cr. (FY17), Rs. 18.47 cr. / Rs. 0.17 cr. (FY18) and Rs. 22.02 cr. / Rs. 0.60 cr. (FY19). For Q1 of FY20, it has clocked in the net profit of Rs. 0.34 cr. on a turnover of Rs. 4.54 cr. A sudden spurt in the bottom line for Q1 raises concern. For the last three fiscals, VCL has posted an average EPS of Rs. 0.78 and an average RoNW of 7.82%.
The issue is priced at a P/BV of 2.10 based on its NAV of Rs.
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11.44 as on 30.06.19 (as per restated financial data) and at a P/BV of 1.63 based on post-IPO NAV of Rs. 14.76. VCL has not paid any dividends so far.
If we annualize FY20 Q1 super earnings and attribute it to post issue paid-up equity capital then asking price is at a P/E of 10.6.
VCL's holding periods for inventors is expected to rise from the current 36 days to 54 days and trade receivables from 61 days to 98 days.
This is set to impact its working going forward.
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Company's current debt/equity ratio of 1.78 will decline to 1.01 post this issue.
As per offer documents, VCL has shown Kavita Fabrics, SKS Textiles and Jakharia Fabrics as its listed peers. They are currently trading at a P/E of 391, 5.64 and 21.15 (as on 23.12.19). However, they are not strictly comparable.
On merchant banker's front, this is the 2nd mandate from its stable in the current fiscal. The only listing that took place so far was opened at a discount (-1.16%) to offer price on the day of listing.
Currently, it trades at a discount of around 30%.
How can I discover new IPOs?
IPO Grey Market is a useful source for all investors – regardless of whether you’re starting out in the world of investing or if you have more experience.
You can find the latest financial results from listed companies, as well as which businesses are planning to float on the BSE/NSE stock market.
You can usually find a treasure trove of details in these announcements, including:
- An overview of what the company does;
- An ‘expected’ admission date;
- How much is expected to be raised on admission;
- Details of directors and major shareholders;
- Details of the broker and nominated advisor
You may find out the number of shares being sold and potential pricing, but this is more likely to be disclosed closer to the time.
There also may be speculation about IPOs in financial publications and mainstream newspapers, but you should note some of these may never materialise.