Nakoda Group of Industries Limited IPO

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Nakoda Group of Industries Limited IPO

Nakoda Group of Industries Limited is Incorporated in the year 2013, Nakodas is engaged in manufacturing of tutti fruity (Diced Chelory) also called as ―Papaya Preserve‖ and canned fruit cubes which comes under the category of bakery products. We are also engaged in processing of almonds which are imported from California and other Middel east countries by the traders in Maharashtra. We are also engaged in trading of sesame seeds, clove, cutpeel murabba, karonda, daalchini and toor daal. As on March 2017, our revenue from almond processing consists of 45.93%, manufacturing of tutti fruity consists of 23.92% and from trading consist of 30.14%. Out of the total revenue generated from manufacturing of tutti Fruity i.e. 553.58 lakhs, 61.36% is generated from Exporting to London, Malaysia, Dubai, Saudi Arab and 38.64% is from the domestic sale.
On 18 July 2016, Nakoda Group of Industries Limited took over the running business of M/s. Navkar Processors the sole proprietorship concern of our promoter Pravin Choudhary and subsequently business of this proprietorship concern was merged into the Company.
Our manufacturing units is spread over 5900 Sq. Meter in aggregate located at KH. 83 Mouza Bidgaon, Kamptee, P.S.K No. 33, Survey No. 83, Nagpur. At Unit- I manufacturing of canned fruit cubes is carried out. Whereas processing of almonds is carried out at Unit II. Our Registered office is situated at 239, Bagad Ganj, Nagpur, Maharashtra.
Our Company is promoted by Pravin Choudary and Jayesh Choudary. Pravin Choudhary has more than two decades of experience in food processing industry and Jayesh Choudary has played a key role in automation of our plant and developing and maintaining quality standards for our manufacturing unit.
Company Competitive Strengths
Export Oriented Business Since 1998, Navkar Processors the sole proprietorship of Pravinkumar Choudhary exports in the Middle East & European Countries. Subsequently, we took over the business of Navkar Processors from July 18, 2016. Our factory is situated at Nagpur which is located centrally to all the conveniences. Hence, we are very conveniently making supplies of the above products promptly to the states of India. Our Clients are Ice-Cream Factories, Bakeries, Sweets & Namkeens Factories, Airline Companies & Railway Catering
Experienced Promoter We are led by a dedicated team with several decades of experience in food processing industry. We believe our senior management team is able to leverage our market position and their
collective experience and knowledge in the industry, to execute our business strategies and drive our future growth. Our Company‘s promoters, Mr. Pravin Choudhary and Jayesh Choudhary look after the overall management of the Company. Mr. Pravin Choudary has an experience of over 30 years in the field of food processing industry. Our Company imparts on time to time basis training to improve the skills of the employees.
Presence of established distribution networks We operates in a brand sensitive market. Over almost a decade we have tried to ensure sustainable growth and hence developed an established brand name, acceptance & recall value in our operating markets. We sell our products to brands like Mapels, Havmor, Haldiram, and Vadilal etc.

Nakoda Group of Industries Limited IPO Stock Quote & Charts

40.40

+4.94%

  • Open: 40.40
  • High - Low: 40.40 - 40.40
  • Previous Close: 38.50
  • Total Traded Volume: 4000
  • Updated On: 16-Aug-2018

Objects of the Nakoda Group of Industries Limited IPO:

Objective of

Nakoda Group of Industries Limited IPO

are: 1. Working Capital Requirement 2. General Corporate Purpose

Nakoda Group of Industries Limited IPO Details:

Open Date: May 23 2018
Close Date: May 29 2018
Total Shares: 18,52,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 6.482 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 35 Per Equity Share
Listing At: BSE SME
Listing Date: Jun 06 2018

Promoters And Management:

Promoters of Nakoda Group of Industries Limited Company are: Pravin Choudhary, aged 54 years is the Promoter and Chairman & Managing Director of our Company. He has been Director of our Company since incorporation. He holds Bachelor‘s degree in Law from Ravishankar University, Raipur and Bachelor of Commerce degree from Nagpur University. He has an experience of about more than 30 years in Food processing industry. He looks after the overall administration of the Company. Jayesh Choudhary aged 30 years is currently Promoter and Whole Time Director of our Company. He has been Director of our Company since incorporation. He holds a Bachelor of Commerce Degree from Nagpur University and Master‘s degree in Business Administration from Nagpur University. He has an experience of about 10 years in food processing industry. He looks after the finance department the Company.

Financials of Nakoda Group of Industries Limited IPO as per DRHP:

Particulars For the year/period ended (in Rs. Lacs)
30-Sep-2017 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2,229.30 2,784.96 57.95 1.60 1.70
Total Revenue 4,131.77 2,378.62 -- -- --
Profit After Tax 85.13 50.25 -- (0.12) --

Recommendation on Nakoda Group of Industries Limited IPO:

Review and Recommendation of

Nakoda Group of Industries Limited IPO

from our side is: Rating 4/10.

Lead Manager of Nakoda Group of Industries Limited IPO:

  1. Pantomath Capital Advisors Private Limited

Registrar of Nakoda Group of Industries Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Nakoda Group of Industries Limited 239, Bagad Ganj, Nagpur 440008, Maharashtra India Phone No. +91 0712 2778824 Email: info@nakodas.com Website: www.nakodas.com

Bid Details of Nakoda Group of Industries Limited IPO as on
29 May 2018 | 11:58:03 PM

Category No.of shares offered No. of shares bid
876,000 1,668,000
876,000 652,000
100,000 100,000
1,852,000 2,420,000
QIBs No
QIBs+HNIs Subscription 1.90X
Retail Subscription 0.74X
Total Subscription 1.25X

Discussion on Nakoda Group of Industries Limited IPO:

    In continuation to the Exchange’s notice no. 20180605-28 dated Tuesday, June 06, 2018 Trading Members are hereby informed that the trading in the equity shares of Nakoda Group of Industries Limited (Scrip Code: 541418) shall be transferred from Trade for Trade segment (MT Group) to Rolling segment with effect from June 20, 2018. Accordingly, the dealings in the equity shares of the company will be shifted under M Group.