Deccan Health Care Limited IPO
(i) Deccan Healthcare has a diversified product portfolio with product basket consisting of more than 1,500 products used for various purposes such as hair care, skin care, heart care, immunity building, etc.
(ii) The company supplies products in various forms such as tablets, capsules, gel, liquids, ointments, powder, pastes, etc. It mainly develops and markets differentiated healthcare products specializing in nutraceutical and cosmeceutical products, which it commercializes through different revenue channels.
(iii) As on the date of the Draft Red Herring Prospectus, it has more than 140 distributors and around 5,000 marketing agents. To expand its reach, it has also entered into two distributorship agreements with foreign distributors situated in Kenya and Tanzania respectively.
(iv) In 2010, it set up its manufacturing facility at SIDCUL Pantnagar Rudrapur, Uttarakhand. The facility complies with GMP and WHO GMP for its health/diet supplements and ayurvedic products. It has also obtained FSSAI license for its products. The company is also an ISO 9001:2008 certified for Quality Management System for manufacturing and supply of Nutraceutical & Pharmaceutical Products. It Spread over 3,536 Sq. mts., the manufacturing facility is equipped with the requisite plant and machinery including Effluent Treatment Plant and other resources required for a manufacturing process.
(v) The Company sells products via Online mode and Offline Mode. 72% of the sales come from Offline and 28% comes from Online. For online they have an e-commerce platform. In FY18, their sales were close to 39 Cr, out of which 29 Cr comes from Offline and 10.50 Cr from Online. The company is targeting e-commerce revenues of Rs. 100 crore in 5 years from Rs. 10.50 crore in FY18.
Objects of the Deccan Health Care Limited IPO:
Deccan Health Care Limited IPOare: 1. Repayment/Prepayment of certain Secured Borrowings availed by the Company. 2. Purchase of Plant & Machinery and related civil work. 3. General Corporate Purposes.
Deccan Health Care Limited IPO Details:
|Open Date:||Dec 18 2018|
|Close Date:||Dec 20 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Build Issue IPO|
|Issue Size:||42.12 Cr.|
|Lot Size:||1200 Shares|
|Issue Price:||₹ 95-100 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Dec 28 2018|
Promoters And Management:
Financials of Deccan Health Care Limited IPO:
Comparison With Peers: