Listing tomorrow. I am expecting anything between 10-15%..
Dhruv Consultancy Services Limited IPO
Dhruv Consultancy Services Limited IPO
(i) Dhruv Consultancy Services Limited ,was incorporated in 2003 and have over the years developed a track record of working majority of projects with government bodies and public sector undertakings. As of December 31, 2017, we have provided a range of consultancy services on 41 projects in the area of Highways, Bridges, Tunnels, Architectural, Environmental Engineering, and Ports. Being a consultancy organization, we believe that human capital is one of our most valuable assets. We have a qualified and professional employee base of over 313 employees, including 240 Engineers as on December 31, 2017. Our technical and engineering know-how coupled with the experience of our management has helped us to create a niche for our Company. Depending on our business needs, from time to time we also outsource certain of our contracts to the third party services providers.
(ii) Company services include Preparation of DPR and feasibility studies for infrastructure projects, Operations & Maintenance Works, Project Management Consultancy Services, Independent Consultancy, Project Planning, Designing, Estimation, Traffic and Transportation Engineering, Financial Analysis, Technical audits, Structural Audit, Inspection of bridges and Techno-Legal Services.
(iii) We have provided our services to clientele such as Ministry of Road Transport and Highways, National Highways Authority of India, The City and Industrial Development Corporation of Maharashtra Ltd., Jawaharlal Nehru Port Trust, Maharashtra State Road Development Corporation, Mumbai Metropolitan Region Development Authority, Public Works Department, Maharashtra Tourism etc.
(iv) Quality Policy
Dhruv Consultancy Services Limited provides complete solution of Civil Engineering and Infrastructure works to clients in the public and private sectors with special emphasis on PPP Projects. Quality is an integral part of our commitment to customer services. For its fulfillment we,
• Manage our company with the utmost professionalism
• Update our services with latest technologies
• Maintain the highest degree of professional and personal ethics
• Conduct internal quality audits
• Offer competitive rates and true value for money to our clients.
Objects of the Dhruv Consultancy Services Limited IPO:
Dhruv Consultancy Services Limited IPOare: 1. Repayment/ prepayment of certain indebtedness. 2. To Meet Working Capital requirements. 3. General Corporate Expenses. 4. Issue Expenses.
Dhruv Consultancy Services Limited IPO Details:
|Open Date:||Apr 27 2018|
|Close Date:||May 02 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||23.19 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 54 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||May 10 2018|
Promoters And Management:
|(i) Authorized Share Capital ( 1,50,00,000 shares at FV@10)||15 Cr|
|(ii) Issued, Subscribed,& Paid-up Share Capital Before Issue (1,00,00,000 Shares at FV@10)||10 Cr|
|(iii) Present Issue ( 43,00,000 Shares at FV@10)||4.3 Cr|
|(iv) Reservation for Market Maker (2,25,000 Shares at FV@10)||22.5 Lacs|
|(v) Net Issue to Public (43,00,000-2,25,000= 40,75,000Shares)||4.075 Cr|
|(vi) QIB & HNI Quota-20,37,500||50%|
|(vii) Retail Quota- 20,37,500||50%|
|(viii) Paid Up Share Capital after the issue||14.3 Cr|
Financials of Dhruv Consultancy Services Limited IPO:
|1. Balance Sheet Snippet[ Financials as of Dec 2017]|
|(i) Shareholders’ Fund[Equity] Value||1408.57 Lacs|
|(ii) Asset||4229.75 Lacs|
|(iii) Liability||2821.18 Lacs|
|(iv) Debt/Equity[<1 ideal]||2(reasonable)|
|(v) Current Ratio[>1.5 ideal]||1.58|
|(v) Net Worth[Asset- Liability]||1408.57 Lacs|
|(vi) RONW[PAT/Net Worth] or ROE||38%(Excellent)|
|(vii) Book Value or NAV[ Net Worth/No.of Shares]||141|
|(viii) P/B [<5 ideal]||.38( highly under valued)|
|3. Cash Flow Statement(all figures in lacs)|
|(i) Net Cash Generated from Operation||162.36||24.15||-192.43||77.78||-107.27|
|(ii) Net Cash Generated from Investment||-310.53||-217.84||-11.29||-50.66||17.72|
|(iii) Net Cash Generated from Financing Activity||148.79||147.8||153.23||102.2||113.9|
|(iv) Total[ (i)+(ii)+(iii) ]||0.62||-45.89||-50.49||129.32||24.35|
|(v) Cash and Cash Equivalents at the Beginning of the Year||134.76||180.66||230.94||101.62||75.64|
|(vi) Cash and Cash Equivalents at the end of the Year||135.38||134.77||180.45||230.94||99.99|
Comparison With Peers:
|Sr.No||Name of the Company||FV||EPS||PE||RONW(%)|
|1||Dhruv Consultancy Services Limited||10||5||10||38%|
|2||Artefact Projects ltd||10||0.35||135.71||0.54%|
|3||MITCON Consultancy & Engineering Services Limited||10||3.66||19.81||4.80%|
Recommendation on Dhruv Consultancy Services Limited IPO:
Dhruv Consultancy Services Limited IPOfrom our side is: The issue is reasonably priced at PE of 10 and company has excellent ROE of 38%. Rating: 7/10. 1-5: Fair 5-7: Good 7-10: Excellent .
Lead Manager of Dhruv Consultancy Services Limited IPO:
Registrar of Dhruv Consultancy Services Limited IPO:
Bid Details of Dhruv Consultancy Services Limited IPO as on
02 May 2018 | 11:58:06 PM
|Category||No.of shares offered||No. of shares bid|
Discussion on Dhruv Consultancy Services Limited IPO:
Same here!! All the best!
Allotment is out!!!!1
I have applied two lots.
Seems a good company but HEM seems an issue.
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