Bombay Metrics Supply Chain Limited IPO

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i. The company is a full-service provider of the manufacturing of engineered goods and supply chain management services. It also offers efficient services in advanced engineering, 3D scanning, rapid prototyping, flow simulation, project management, and quality management. Their primary focus remains to focus on and benefit from the “Make in India” initiative by the GoI by aiding in developing supplier capabilities in India.

ii. It helps customers understand the benefits and savings of global manufacturing by helping many OEMs and Tier 1 customers manage their entire manufacturing and supply chain processes.

iii. The company has recently been awarded “Best Exporter of the Year” in the Small Business Awards 2021, “Most Trusted Exporter in Western India” by Topgallant Media for International Service Pride Awards 2021, and declared “Winner” at the India 5000 BEST MSME Awards 2021.

Competitive strengths
i. Wide product and services portfolio
ii. Experienced management
iii. Asset light business model and competitive products

Objects of the Bombay Metrics Supply Chain Limited IPO:

Net proceeds from the issue will be used in : 1. To part finance the Working Capital Requirements 2. General Corporate Purposes 3. To meet Issue Expenses
DRHP of Bombay Metrics Supply Chain Limited IPO
RHP of Bombay Metrics Supply Chain Limited IPO

Bombay Metrics Supply Chain Limited IPO Details:

Open Date: Sep 30 2021
Close Date: Oct 04 2021
Total Shares: 460,800
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 4.29 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 93 Per Equity Share
Listing At: NSE Emerge
Listing Date: Oct 12 2021

Promoters And Management:

i. Mr. Nipul Hirji Keniya, is the Chairman, Managing Director and has been associated with the Company since Inception i.e March 28, 2015. He has been awarded as a mark of esteem, Doctor of Business Administration (Honoris Causa) by the National American University in 2021. He has vast experience in the field of Supply chain and logistics. Earlier He had worked with Arihant Textile as a Marketing Executive and Manager till 2010. ii. Mr. Hiten Talakchand Shah, is a Non-Executive Director of the Company and has been associated with the Company since February 18, 2016. He holds a Masters’ degree in Plastic Engineering from the University of Massachusetts Lowell and a Master's degree in Business Administration in International Business from Franklin University. He is having more than 30 years of experience in the field of engineering and sales. Earlier he had worked with Par Industries as a process engineer and Acoust-A-Fiber a variety of engineering and sales positions. iii. Mrs. Heena Hiten Shah, is the Non-Executive Director of the Company and has been associated with the Company since February 18, 2016. She holds a Bachelor’s degree of Science in Economics and Finance from the University of Mumbai.

Financials of Bombay Metrics Supply Chain Limited IPO:

Particulars (in Lakhs) Mar 21 Mar 20
Revenue from operations 3,230.13 2,971.69
Purchase of stock 2,740.65 2,465.34
Change in Inventories -39.56 9.71
Employee Benefit Expense 199.22 160.14
Other expenses 140.23 157.06
Operating Profit 189.59 179.44
OPM% 5.87% 6.04%
Other Income 11 21
Finance costs 0.41 0.39
Depreciation and amortization 8.33 10
Profit before tax 191.93 191.26
Profit for the year 130.2 139.45

Comparison With Peers:

As on the date of this Prospectus, there are no comparable peer which is listed companies in India and which are engaged in the same line of business as the Company, hence comparison with industry peers are not applicable

Recommendation on Bombay Metrics Supply Chain Limited IPO:

Review and Recommendation of Bombay Metrics Supply Chains IPO by InvestorZone is 5/10 1. Wide product and services portfolio with focus on quality. 2. Existing well established relationship with the well-connected customer. 3. Experienced management and asset light business model and competitive products. 4. Company has shown excellent growth in Revenue and PAT in the last 4 years. 5. P/E at 11x is a reasonable valuation.

Lead Manager of Bombay Metrics Supply Chain Limited IPO:

  1. Unistone Capital

Registrar of Bombay Metrics Supply Chain Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Bombay Metrics Supply Chain Limited 201/Quantum Towers, Ram Baug lane, Near Chincholi Petrol Pump, S.V.Road, Malad (West), Mumbai-400064. Phone: +(91)-(22)- 40120561 Email: cs@bombaymetrics.com Website: https://bombaymetrics.com/

Discussion on Bombay Metrics Supply Chain Limited IPO:

3 Comments

    Company’s Financial Performance:

    1. Revenue has gone up from 7.76 Crores in Fy18 to 32 Crores in Fy21. Excellent CAGR Growth of 60% in revenue.
    2. PAT has grown from 40 Lac in Fy18 to 130 lac in Fy21.
    3. ROE = 15.4%

    Reply

    Total Shares Outstanding Before IPO = 10,78,440
    New Shares in IPO = 4,60,800
    Total Shares after IPO = 15,39,240

    PAT = 130,00,000
    EPS = 8.44

    Issue Price =. 11x (reasonably priced)

    Reply

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