SBC Exports Limited IPO

Apply 0
Avoid 0

(i) The founding stone of the Business of Trading Carpets was laid down around 26 years back by Late. Mr. Ganesh Prasad Gupta. In 2011, SBC Exports Limited was Incorporated by Mr. Dheerendra Kumar Gupta, Managing Director of the Company with the aim to further extend the vision of his Father.

It was incorporated at Mirzapur, Uttar Pradesh on 18th January 2011. Initially, the Company was engaged in the Trading of handmade carpets, cushion covers, cotton quilts, and bedspreads, etc. in the Mirzapur. The Company established itself in such a way that in just Four years it became a well-known Brand in the entire Uttar Pradesh.

(ii) In January 2015, the Company had started its Hosiery Fabrics & Hosiery Garments Trading in Mirzapur and have started their own manufacturing units in August 2017 at Mirzapur & Sahibabad of Uttar Pradesh. They are producing high-quality Hosiery Fabrics & Hosiery Garments for Lady’s, Men’s and Kids.

They have a vast variety of T-Shirts, Denim, Sweat Shirts, Trousers, and Jackets and Leggings, etc. which are trading under the Brand name such as “SBC DESIGN+”, “F-ROUTE”, “IEDEE”.

(iii) In April 2016 they entered into the Business of Information Technology and Manpower Supply Services. Over time they also added services like IT Solutions, E-Governances Services, Web / Software Developments, Scanning & Digitization, System Integration, etc.

(iv) With the eye on the current generation needs and the growing market, in February 2018 they entered into the business of Tour and Travel Services.

They work as a Tour & Travel Booking engine which arranges all kinds of facilities to the customers who booked their tour from us. Maujitrip.Com a very well known brand in the Tour & Travel Industries.

Objects of the SBC Exports Limited IPO:

1. To part finance working capital requirements of the Company; 2. To meet General corporate purposes; 3. To meet the expenses of the Issue.

SBC Exports Limited IPO Details:

Open Date: Jun 24 2019
Close Date: Jun 26 2019
Total Shares: 29,82,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed price Issue
Issue Size: 6.56 Cr.
Lot Size: 6000 Shares
Issue Price: ₹ 22 Per Equity Share
Listing At: BSE SME
Listing Date: Jul 04 2019

Promoters And Management:

(i) Mr. Dheerendra Kumar Gupta, aged 66 years, is Promoter and Managing Director of our Company. He has a rich experience of more than 25 Years in the field of Business Management & Leadership. As a First Generation entrepreneur, he has led the company in undertaking various Government projects. (ii) Mrs. Deepika Gupta, aged 33 years, is Promoter and Whole-Time Director of our Company. She is M.A. Post graduate from Avadh University, Uttar Pradesh and has rich experience of more than a decade in the field of Operation Management. She is actively involved in day-to-day operations and management of the Company. (iii) Mr. Akshat Gupta, aged 24 years, is a young and dynamic personality with a positive attitude towards Business. He is an Independent Director of our Company. He is currently pursuing B. Com from CSJM University, Uttar Pradesh and has rich experience of Two years in the field of Manufacturing & Production Process

Financials of SBC Exports Limited IPO:

Comparison With Peers:

The company has shown Monte Carlo, Vardhman Textiles Limited, Page Industries, and Jet Knitwears Limited as its peers which are trading at P/E multiple of 10, 9, 59 and 8 as on date.

Recommendation on SBC Exports Limited IPO:

Review and Recommendation of SBC Exports Limited IPO from IZ Team are 2/10. [ Sudden jump in financials just before the IPO looks, suspect. The asking P/E of 25 is quite aggressive looking at the market condition.]

Lead Manager of SBC Exports Limited IPO:

  1. Navigant Corporate Advisors Limited

Registrar of SBC Exports Limited IPO:

  1. Bigshare Services Private Limited

Bid Details of SBC Exports Limited IPO as on
26 Jun 2019 | 11:54:03 PM

Category No.of shares offered No. of shares bid
1,416,000 2,748,000
1,416,000 1,098,000
150,000 150,000
2,982,000 3,996,000
QIBs No
QIBs+HNIs Subscription 1.94X
Retail Subscription 0.78X
Total Subscription 1.36X

Discussion on SBC Exports Limited IPO:

    I think yes and welcome to sbc exports limited for better and bright future.

    There is no harm in giving this is a miss.