Naturo Indiabull Limited IPO

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i. Naturo Indiabull Limited was incorporated in the year 2016 and is into the business of Fast-Moving Consumer Goods (FMCG).

ii. At the time of incorporation, the main object was to carry on the business of software designing, development, customization, implementation, maintenance, testing, and benchmarking, designing, developing, and dealing in computer software and solutions and to develop, provide, undertake, design, import, export, distribute and deal in systems and application software for microprocessor-based information system, offshore software development projects, BPO services, internet service provider, e-trading, website application solutions software enterprise, resource planning, e-commerce, value-added products, and other business applications.

iii. However, from November 2019, the Company changed its object clause to carry on the business of garments, textiles, jewellery, FMCG, Real Estate, Stone-Mines, Herbal Products, Automobile, Printing, Share Trading, providing education, Agriculture Seeds and Fertilizers, Hospitality and Food items through Directly and/or through the network of members, consultants, bonafide commission agents, franchises, associates and distributors of multi-level marketing through network publicity, market research analysis, surveys, organizing events, contest, seminar and other advertising and related outdoor activities, as it found that to be more advantageous and profitable.

iv. Naturo Indiabull Limited is part of the Fast-Moving Consumer Goods (FMCG) industry which continues to be one of the biggest long-term sustainable business opportunities that the country offers

v. PRODUCTS:

• Women Healthcare Products – V Care, Bapy Wipes, Nipple Shield, Sanitary Napkin etc.

• Healthcare Products – Aloe Vera Juice, Amla Juice, Giloy Tulsi Papaya Juice, Noni Gold Juice, Aloe Vera Charcoal Soap, Aloe Vera Lavender Soap, Aloe Vera Jasmin Soap, Hand Sanitizer, Anti Addiction Drop, Highly Concentrate Mineral Drop, Tulsi Drop, Aloe Vera Rose Skin Gel, Red Aloe Vera Gel etc.

• Ayurveda Products – Ashwagandha Powder, Jamun Powder etc.

v. Competitive strengths

  • A broad range of products helps to cater to a diversified customer base. 
  • Long-term relationship with customers.
  • Qualified and experienced management.
  • Strong relationship with suppliers.

Objects of the Naturo Indiabull Limited IPO:

The Objects of the Issue are: A. To meet the working capital requirements of the company B. General Corporate Purposes C. To meet the Issue Expenses
RHP of Naturo Indiabull Limited IPO

Naturo Indiabull Limited IPO Details:

Open Date: Aug 22 2022
Close Date: Aug 24 2022
Total Shares: 3,640,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 10.92 Cr.
Lot Size: 4000 Shares
Issue Price: ₹ 30 Per Equity Share
Listing At: BSE SME
Listing Date: Sep 02 2022

Promoters And Management:

i. Jyoti Choudhary, aged about 28 years, she has experience of 5+ years in FMCG, Travel & Hospitality, Event Management & Marketing. She is a very good strategic planner and organizer and has done various event management programmes and coordinates various shows in the hospitality sector for promoting Tourism and Hospitality. ii. Gaurav Jain, aged about 34 years, He has experience of 10+ years in the FMCG & Agro Products Sector including in Dabur & Parle. His family is in the business of FMCG for a very long time and were C&F stockists and distributors of various FMCG brands included Dabur & Parle. Seeing the potential of the FMCG Market and Health Industry from an early age Mr. Gaurav Jain decided to continue his family business and to start its own venture and thus it leads to the establishment of Naturo Indiabull Limited. Hails from a farmer community he is well versed with the agriculture knowledge and also actively takes part in the seminar and agriculture exhibitions held in Rajasthan. iii. Nishant Goutam, aged about 39 years, has an experience of 18 years in Construction & Mining Contracts Sector. He started his journey in 2004 as a partner in Neelkanth Infra, where they are Taking contracts related to mining, constructions & real estate sector and providing consultancy related to the above business to various Organizations.

Financials of Naturo Indiabull Limited IPO:

Particulars (in Cr) March 22 March 21 March 20
Revenue from operations 11 7 8
Purchase of Stock in Trade 10 4 5
Gross Margins 9.09% 42.86% 37.50%
Changes in inventories -2.65 0.3 -1
Employee Benefit Expense 0.2 0.40 0.50
Other Expense 1.59 0.44 2
Operating Profit 1.9 1.9 1.6
OPM% 16.91% 26.57% 20.25%
Finance Cost 0.00 0 0
Depreciation 0.00 0 0
Profit (Loss) for the period 1.09 0.74 0.78
EPS 1.07 0.73 0.76

Comparison With Peers:

There is no peer listed in the market related to such business.

Recommendation on Naturo Indiabull Limited IPO:

Review and Recommendation of Naturo Indiabull Limited SME IPO is 2/10 from IZ team 1. The company initially started as Software designing, development of computer software etc. but in 2019, its has changed its object clause to carry on the business of garments, textiles, jewellery, FMCG, Real Estate, Stone-Mines, Herbal Products, Automobile, Printing, Share Trading, providing education, Agriculture Seeds and Fertilizers, Hospitality and Food items. 2. Currently Company is in the business of trading of various health products and kits including Sanitary Towels, Sanitary Napkins, hand sanitiser and other health kits etc. Now the Company is diversifying its products to various health and herbal products like, juices, soaps, shampoos, medicines, tablets, etc. under the name and style of Naturo Indiabull Limited. The Company has started distribution of Samples. 3. The Company purchases the goods from various manufacturers and sells them in its own brand both directly to wholesellers and also through agents. The areas of operations currently are Jaipur, Rajasthan. 4. Revenue has gone up from 8 Crores in Fy20 to 11 Crores in Fy22. 5. PAT has also gone up from 78 Lacs in Fy20 to 100 Lacs in Fy22. 6. Company has negative cash flow from operations in the last 2 years. Lot of money in the business is stuck at Inventory, Loans and Advances etc. 7. IPO Price = 30, EPS is Rs.1.07, So asking P/E is very high.

Lead Manager of Naturo Indiabull Limited IPO:

  1. Finshore Management Services Limited

Registrar of Naturo Indiabull Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Naturo Indiabull Limited 1st Floor, 51, Lohiya Colony, 2 200 Ft. Bye-Pass, Vaishali Nagar, Jaipur - 302021 Phone: +91 99282 34076 Email: cs@naturoindiabull.com Website: http://www.naturoindiabull.com/

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