Looks a good company….
Bombay Metrics Supply Chain Limited IPO
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.
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:
Bombay Metrics Supply Chain Limited IPO Details:
|Open Date:||Sep 30 2021|
|Close Date:||Oct 04 2021|
|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:
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|
|Depreciation and amortization||8.33||10|
|Profit before tax||191.93||191.26|
|Profit for the year||130.2||139.45|
Comparison With Peers:
Recommendation on Bombay Metrics Supply Chain Limited IPO:
Lead Manager of Bombay Metrics Supply Chain Limited IPO:
Registrar of Bombay Metrics Supply Chain Limited IPO:
Discussion on Bombay Metrics Supply Chain Limited IPO:
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%
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)
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