Advitiya Trade India Limited IPO

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Overview of the Business
(i) Our company was incorporated as “Advitiya Trade India Limited”, a limited company under the provisions of Companies Act, 2013 on March 22, 2017. Subsequently, our Company has taken over the running concern in the name and style of “Goyal Sales” w.e.f April 01, 2017.
(ii) Our Company is a multi product trading organization operating in following verticals:
(a) ALLUMINIUM & OTHER METALS
(b) GLASS PRODUCTS
(c) TEXTILES (COTTON FABRICS)
(d) OFFSET PRINTING MACHINES AND ELECTRONICS.
(iii) Our Company is promoted by Sandeep Goyal and family who together have over two decades of experience in the trading circles of Delhi. They have been in this business through family proprietary concerns.
(iv) We operate from our registered office cum go-down located at Paharganj, Central Delhi as well as operate an additional godown space located nearby in the same area.

Advitiya Trade India Limited IPO Stock Quote & Charts

30.40

+8.57%

  • Open: 25.50
  • High - Low: 30.50 - 25.30
  • Previous Close: 28.00
  • Total Traded Volume: 128000
  • Updated On: 14-Nov-2018

Objects of the Advitiya Trade India Limited IPO:

The company is raising 4.308 cr from this IPO by issuing 28,72,000 Shares at a fixed price of 15. The activities for which funds are being raised by the Company through the Present Issue are: 1. Working Capital Requirements= 3.698 cr 2. Funding expenditure for General Corporate Purposes= 18 lakh 3. Issue Expense= 43 lakh

Advitiya Trade India Limited IPO Details:

Open Date: Mar 14 2018
Close Date: Mar 16 2018
Total Shares: 2,872,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 4.31 Cr.
Lot Size: 8000 Shares
Issue Price: ₹ 15 Per Equity Share
Listing At: BSE SME
Listing Date: Mar 26 2018

Promoters And Management:

(i) Mr. Sandeep Goyal (ii) Mr. Pradeep Goyal (iii) Mrs. Deepti Goyal

Capital Structure:

Authorized Share Capital (1,00,00,010 shares at FV@10) 10 cr
Issued, Subscribed,& Paid-up Share Capital Before Issue (70,40,000 Shares at FV@10) 7.04 cr
Present Issue (28,72,000 Shares at FV@10) 2.872 cr
Reservation for Market Maker (1,52,000 Shares at FV@10) 15.2 lakh
Net Issue to Public (28,72,000-1,52,000= 27,20,000Shares)  2.72 cr
Retail Quota(<2 Lkah)[13,60,000 Shares] 50%
HNI & QIB Quota(>2 Lakh)[13,60,000 Shares] 50%
Paid Up Capital after the issue 9.912 cr
*Note- In last 9 months company has raised their paid up capital 100 times which is matter of concern.
                     Average cost of Acquisition of promoters
Sr.no Name of the Promoter No. of shares Average cost of acquisition
1 Mr. Sandeep Goyal 50,80,000 11.02
2 Mr. Padeep Goyal 4,60,000 15
3 Mr. Deepti Goyal 5,00,000 15

Financials of Advitiya Trade India Limited IPO:

 1. Balance Sheet Snippet
       (i) Shareholders’ Fund[Equity] Value 631 lakh
      (ii) Asset 1507 lakh
      (iii) Liability 876 lakh
      (iv) Debt/Equity 1.38(high)
      (v)  Net Worth(Asset- Liability) 631 lakh
     (vi)  RONW(PAT/Net Worth) 9%
2. Profit n Loss Snippet
     (i) Revenue of last 8  months stand at 1971 lakh.
    (ii) PAT of last 8 months stand at 36.34 lakh
    (iii)Margins(PBT/Reveune):  2.4%( very low)
    (iv) EPS=  .54( post Issue)
    (v)  P/E(post issue)=28(highly priced)at the cutoff price of 15
   3. Cash Flow Statement The company is generating negative cash flow in last 8 months, which may adversely affect their business in future.

Comparison With Peers:

There is no other listed company which is specifically comparable to company business model.

Recommendation on Advitiya Trade India Limited IPO:

We are avoiding this issue as it is aggressively priced and only 8 months data is available from which nothing can be concluded.

Lead Manager of Advitiya Trade India Limited IPO:

  1. Aryaman Financial Services Limited

Registrar of Advitiya Trade India Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Advitiya Trade India Limited 2814/6 Ground Floor, Chuna Mandi, Paharganj, Central Delhi, New Delhi - 110055 Phone: +91 11 4953 6409 Fax: +91 11 2356 2386 Email: info@advitiyatradeindia.com Website: www.advitiyatrade.com

25th Sep 2018 - 27th Sep 2018 => Aavas Financiers IPO

Bid Details of Advitiya Trade India Limited IPO as on
16 Mar 2018 | 11:03:10 PM

Category No.of shares offered No. of shares bid
1,436,000 2,648,000
1,436,000 352,000
- -
2,872,000 3,000,000
QIBs No
QIBs+HNIs Subscription 1.84X
Retail Subscription 0.25X
Total Subscription 1.04X

Discussion on Advitiya Trade India Limited IPO: