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S.S. Infrastructure Development Consultants Limited IPO
S.S. Infrastructure Development Consultants Limited IPO
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The company is engaged in the business of Engineering Consultancy and is an Integrated Infrastructure Development solution provider in India. The company provides Architectural Planning, Comprehensive Civil/Structural designs, Project Management Consultancy, Repairs and Rehabilitation, Quality Management Systems through well-qualified teams and experienced promoters. The company mainly participates in the tenders floated by the Government authorities, Corporate establishments and other business entities. The pricing of our services is determined on the basis of construction, type of customization, equipment required and estimated duration of which it needs to be completed. The company has executed large projects for organizations like Cyient Limited (formerly known as Infotech Enterprises Limited), Granules India Limited and Government Organizations. the company has an in-house dedicated and skilled workforce with an optimal mix of skilled Engineers. Our Competitive Strength 1. Leveraging the experience of our promoters and management
2. A wide range of services
3. Relationship with clients
4. Innovative Consulting Services
5. Training to Technical staff
The company has Work Order worth Rs. 91 cr as on January 25, 2018, of Top Five (5) projects of the Company and interestingly all 5 are Govt. Projects. As on Sept 2017, the company total revenue comprises of 75% (Govt Projects) and 25%(Private Projects). As on the date of this Draft Red Herring Prospectus, the company has 115 employees on payroll.
S.S. Infrastructure Development Consultants Limited IPO Stock Quote & Charts
Objects of the S.S. Infrastructure Development Consultants Limited IPO:
1. Renovation of existing offices and Opening of new branch office
2. Purchasing of software’s and hardware
3. Repayment of Secured & Unsecured loans availed by our Company
4. Funding the working capital requirements of Our Company;
5. General Corporate Purposes.
S.S. Infrastructure Development Consultants Limited IPO Details:
Open Date:
Mar 28 2018
Close Date:
Apr 05 2018
Total Shares:
42,80,000
Face Value:
₹ 10 Per Equity Share
Issue Type:
Book Build Issue
Issue Size:
17.11 Cr.
Lot Size:
3000 Shares
Issue Price:
₹ 37-40 Per Equity Share
Listing At:
NSE Emerge
Listing Date:
Apr 13 2018
Promoters And Management:
(i) Satyanarayana Sundara, aged 54 years is the Promoter, Chairman and Managing Director of the Company. He has been on the Board of the Company since June 8, 2007. He holds a degree of Bachelor of Engineering in Civil Engineering branch from Andhra University, Visakhapatnam. He also holds a degree of Master of Technology in the field of Structural Engineering from Jawaharlal Nehru Technological University, Andhra Pradesh. He possesses over 21 years of extensive structural engineering experience in handling the entire gamut of Infrastructural Development solutions. He is the guiding force behind the strategic decisions of our Company and has been instrumental in planning and formulating the overall business strategy and developing business relations of our Company.
(ii) Seshagiri Rao Palle, aged 43 years is the Promoter and Whole Time Director of the Company and has been on the Board of the Company since June 8, 2007. He holds a degree of Bachelor of Architecture from Jawaharlal Nehru technological University, Andhra Pradesh. He has an experience profile spanning 20 years covering a wide array of products ranging from Auditoria to sports stadia, corporate offices for leading IT firms etc. He currently heads the Architectural department of the Company.
Capital Structure:
Authorized Share Capital
( 1,50,00,000 shares at FV@10)
15 cr
Issued, Subscribed,& Paid-up Share Capital Before Issue
(98,92,350 Shares at FV@10)
9.892 cr
Present Issue
( 42,78,000 Shares at FV@10)
4.278cr
Reservation for Market Maker
( 2,22,000 Shares at FV@10)
22.2 lakh
Net Issue to Public
(42,80,000-2,22,000= 40,56,000 Shares)
4.056 lakh
QIB & HNI Quota-20,28,000
50%
Retail Quota-20,28,000
50%
Paid Up Share Capital after the issue
14.172 cr
Financials of S.S. Infrastructure Development Consultants Limited IPO:
1. Balance Sheet Snippet[ Financials as on Sept 2017]
(i) Shareholders’ Fund[Equity] Value
2452 lakh
(ii) Asset
3352.42 lakh
(iii) Liability
900.42 lakh
(iv) Debt/Equity
.36(debt free)
(v) Net Worth(Asset- Liability)
2452 lakh
(vi) RONW(PAT/Net Worth)
15%
2. Consolidated Profit n Loss Snippet
(i) The Revenue of the company in last 4 years is growing at CAGR of 7%.
(ii) The PAT of the company in last 4 years is growing at CAGR of 13%.
(iii)The EBITDA Margins of last 5 years are: 21%(FY13),27%(FY14), 26%(FY15), 26%(FY16) and 27%(FY17).
(iv) Annualized EPS(post issue)= 4
(v) P/B(post issue)= 2.29
(vi) Annualized P/E(post issue)=10[reasonably priced] at the cutoff price of 40 at an industry average of 67.
3. Cash Flow Statement(figures in lakhs)
Particulars
FY17
FY16
FY15
FY14
FY13
(i) Net Cash Generated from Operation
34.55
565.65
-116.6
85.14
105.71
(ii) Net Cash Generated from Investment
-60.18
6.22
-71.39
-8.49
-59.9
(iii) Net Cash Generated from Financing Activity
-254.99
-375.23
271.22
-108.59
84.17
(iv) Total[ (i)+(ii)+(iii) ]
-280.62
196.64
83.23
-31.94
129.98
(v) Cash and Cash Equivalents at the Beginning of the Year
511.09
314.47
231.24
263.19
133.18
(vi) Cash and Cash Equivalents at the end of the Year
230.47
511.11
314.47
231.25
263.16
Comparison With Peers:
Name of the Company
FV
EPS
PE
RONW
Mold Tek Technologies limited
2
1.6
43
12%
ATV Projects India Limited
10
0.95
12
4.79%
Artefact Projects Limited
10
0.35
145
0.54%
S S Infrastructure limited
10
4
10
15%
Recommendation on S.S. Infrastructure Development Consultants Limited IPO:
The company's valuation are cheap as compared to its peers and going by a track record of Pantomath good listing gains are expected.
Rating: 6/10.
1-5: Fair
5-7: Good
7-10: Excellent
Lead Manager of S.S. Infrastructure Development Consultants Limited IPO:
