Janus IPO

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(i) They are a diversified business company with Construction, Media, Consulting, and Trading as its primary segments based in Mumbai.

(ii) They are engaged in the business of Civil Construction, land and site development, landfilling, fencing walls, erection of hoardings etc.

(iii) The Company is also engaged in the business of trading of various construction related materials such as blocks of cement, iron & steel, sand, soil, aluminum, etc. They have undertaken supplies of material for various projects by known developers.

(iv) They also provide construction and projects related consulting to various clients. The Construction Management Consultancy includes Site Management, Construction Supervision & Management, Safety Management, Safety audits, safety systems & processes, Safety documentation amongst others.

They have registered office in Mumbai.

Objects of the Janus IPO:

The objects of the Net Proceeds (as defined below) of the Issue are: 1. Augmenting additional working capital requirements 2. General Corporate Purposes

Janus IPO Details:

Open Date: Jan 27 2020
Close Date: Jan 30 2020
Total Shares: 1599000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Issue
Issue Size: 8 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 50 Per Equity Share
Listing At: BSE SME
Listing Date: Feb 07 2020

Promoters And Management:

Individual Promoter:  Sachin B. Puri Corporate Promoters:  Lemon Management Consultancy Private Limited

Financials of Janus IPO:

figure in lakhs
Year Revenue EBITDA  OPM PAT NPM Shares F.V. EPS NW RONW
2014 166.21 6.96 4% 4.79 3% 0.5 10 9.58 12.87 37%
2015 629.09 51.11 8% 28.7 5% 0.5 10 57.40 41.57 69%
2016 672.78 44.91 7% 19.21 3% 31.4 10 0.61 339.78 6%
2017 1281.98 77.21 6% 42.94 3% 41.4 10 1.04 482.72 9%
2018 2515.6 89.49 4% 22.05 1% 41.4 10 0.53 504.76 4%
Post IPO 2515.6 89.49 4% 22.05 1% 57.39 10 0.38 504.76 4%

Comparison With Peers:

As per DRHP, Janus has shown Bharat Road, Shristi Infra and Shervani Indl as its listed peers. They are currently trading at a P/E of 30.82, 213.64 and 2.99 (as on 21.01.20).

Recommendation on Janus IPO:

Review and Recommendation of InvestorZone is: 3/10 [ The financial performance is weak. The company has poor ROE and negative cash flows. The asking price at P/E of 57 is very high, considering the kind of sector company is doing business. ]

Lead Manager of Janus IPO:

  1. First Overseas Capital Limited

Registrar of Janus IPO:

  1. Bigshare Services Private Limited

Bid Details of Janus IPO as on
30 Jan 2020 | 11:57:03 PM

Category No.of shares offered No. of shares bid
759,000 783,000
759,000 1,125,000
81,000 81,000
1,599,000 1,989,000
QIBs No
QIBs+HNIs Subscription 1.03X
Retail Subscription 1.48X
Total Subscription 1.26X

Discussion on Janus IPO: