Ishan International Limited IPO
i. Ishan International is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydro power plants and pollution control systems. They also provide high end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals, Pollution Control Systems. The company provide customized heavy equipment’s including _the entire range of machinery for sugar, jaggery, pharmaceuticals, hydro power and pollution control.
ii. Established in 1995, the company’s initial business was of pharmaceutical machinery and raw materials for pharmaceuticals ingredients and the company later diversified into heavy engineering. Their business is largely focused in international markets. In 1999, Ishan International established its 1st overseas office in Vietnam. Between 1999 and 2021, They have set up their overseas offices in Philippines, Indonesia, Hanoi (Vietnam), Ho Chi Minh City (Vietnam) and Kenya (in process).
iii. Since 2004, the company has leveraged its track record internationally by providing a wide range of heavy engineering machineries on various overseas projects, particularly in the Philippines, Vietnam and Indonesia to esteemed clients like Busco Sugar Milling Co. Inc, Univarsal RRobina CorporationC Group, First Farmer Holding Corporation FFHC, Sonedco, Sunwest, Navetco-National Veterinary Joint Stock Company, Minh Dan Pharmaceutical Joint Stock Company, Thien Tan, Song Da Group, NCC, Kosy Group, Tra Linh, PBT PT. Purnama Bohler Technologi, GMMPT. Gendhis Multi Manis, PSMI, GMTPT. Garuda Mas Transindo, Biscom Inc , Lopez Sugar Corporation, Dynamic Technologist & Trading, Papiz Sugar, Central Inc, PT. PG Gorontalo, Bogo-Medellin milling Company Inc, Kibos Sugar And Allied Industries Limited etc.
iv. Products and Services – They sell heavy engineering machinery to EPC companies and various other industries like Hydro Power Plants, Sugar and Jaggery Plants, Pharmaceuticals Plants, and API Plants.
v. Competitive Strengths :
- Strong brand presence in South-East Asia.
- Diversification in various sectors ensures steady revenue.
- A combination of experience and expertise.
- Sustainable and Strong Order Book.
- Focus on quality, cost efficiencies and timely implementation.
- High Customer Satisfaction.
- Well Established Supply and Logistic Chain.
- Strong Risk Management.
Objects of the Ishan International Limited IPO:
Ishan International Limited IPO Details:
|Open Date:||Sep 09 2022|
|Close Date:||Sep 14 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue|
|Issue Size:||18.24 Cr.|
|Lot Size:||1600 Shares|
|Issue Price:||₹ 80 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Sep 22 2022|
Promoters And Management:
Financials of Ishan International Limited IPO:
|Particulars (in crores)||March 22||March 21||March 20|
|Revenue from operations||21||22||21|
|Cost of Materials Consumed||15||17||16|
|Employee Benefit Expense||1.19||2.39||2.69|
|Profit (Loss) before tax||2.10||0.20||0.38|
|Profit (Loss) for the period||1||0.15||0.28|
|Outstanding Share After Issue||0.72||0.72||0.72|
|Earnings per share||1.76||0.20||0.38|
Comparison With Peers:
|Name of the Company||CMP||FV||EPS||P/E|
|Lokesh Machines Ltd||131||10||3.85||34|
|Ador Fontech ltd||89.6||2||6.57||13.6|
|Anup Engineering Ltd||912||10||61.07||14.9|
|ISGEC Heavy Engineering Ltd||494||1||15.37||32.3|
|Ishan International Limited||80||10||1.76||45|