The Next big thing coming in primary market is HDFC AMC IPO which is opening on 25th July 2018. For complete analysis please visit at https://investorzone.in/ipo/hdfc-amc-limited-ipo-hdfc-mutual-fund-ipo/.
Supershakti Metaliks Limited IPO
(i) Supershakti Metaliks Limited has a state of art integrated steel plant at Jamuria Industrial Estate, West Bengal, India producing Pallets, Sponge Iron, Billets, Slabs, Ferro Alloys, HR coils, ERW Pipes, TMT Bar, Angle, Channels and allied products under the brand name of “Super Shakti”.
(ii) Supershakti Metaliks Limited Product usages
a) Billet: Used in Rolling Mill, infrastructure etc.
b) Wire Rods: Used in nails, nuts, electrodes, Wire, Power Industry etc.
c) HB Wire: Used in construction, binding, Weld Mesh, welding electrodes, cycle spokes and other uses such as cement pipes, poles, bridges and handicrafts etc.
d) Binding Wire: Used in construction
e) TMT bars- Backbone of every civil construction deep-rooted into the foundation.
(iii) The Group Companies of Supershakti Metaliks Limited are:
a) SSL( Super Smelters Limited)- Promoters of Supershakti Metaliks hold 94.51% Stakes in SSL. It is not a listed company.
b) SEPL(Sai Electrocasting Private Limited)- Promoters of Supershakti Metaliks hold 94.51% Stakes in SEPL. It is not a listed company.
(iv) The Company has some prominent name from Private and Govt. agencies as its Clientele:
DLF, NBCC, BHEL , Coal India, L&T, SAIL, NPCC, India Railways and MES(Military Engineering Services) & NHAI( National Highway Authority of India)
(v) The company has presence in PAN India market and sold in West Bengal, Bihar, Jharkhand, Odisha, Rajasthan, Delhi, Punjab, Uttar Pradesh & North Eastern Region, Super Shakti’s products are also exported to Europe, South East Asia, Middle East & Far Eastern Countries. It has been also accredited with 2 Star Export house.
Objects of the Supershakti Metaliks Limited IPO:
Supershakti Metaliks Limited IPOare: (i) The Offer for Sale of 8,00,000 Equity Shares. The Company will not receive any proceeds of the Offer for Sale by the Promoters and Promoter Group Selling Shareholders. (ii) The Fresh Issue of 8,00,200 Equity Shares at an Issue price of 375. (a) Working Capital Requirements (b) Funding expenditure for General Corporate Purposes
Supershakti Metaliks Limited IPO Details:
|Open Date:||Jul 17 2018|
|Close Date:||Jul 20 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Size:||60.0075 Cr.|
|Lot Size:||300 Shares|
|Issue Price:||₹ 375 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Jul 30 2018|
Promoters And Management:
|(i) Authorized Share Capital (60,00,000 Equity shares at FV@10)||6 Cr|
|(ii) Issued, Subscribed,& Paid-up Share Capital Before Issue (49,62,439 Equity Shares at FV@10)||4.962 Cr|
|(iii) Fresh Issue ( 8,00,200 Equity Shares at FV@10)||80.02 Lacs|
|(iv) Offer For Sale ( 8,00,000 Equity Shares at FV@10)||80 Lacs|
|(v) Market Maker 80,400 Equity Shares FV@10.||8.04 Lacs|
|(vi) Net Issue to Public 1519800 Equity Shares FV@10||1.5 19 Cr|
|(vii) Reservation for QIB & HNI[7,59,000] Shares at FV@10||50%|
|(viii) Reservation for Retail [7,59,000] Shares at FV@10||50%|
|(ix) Paid Up Share Capital after the issue||5.762 Cr|
Financials of Supershakti Metaliks Limited IPO:
|1. Assets and Liabilities Key Parameters|
|Year||Asset(lacs)||Liabilities (lacs)||Net Worth(lacs)||Book Value||D/E||RONW||Debtor days|
|2. Profit n Loss Key Parameters|
|Year||Revenue(lacs)||PAT(lacs)||EBITDA Margins||Profit Margins||Outstanding Shares(lacs||EPS|
|3. Cash Flow Statement(all figures in lacs)|
|(i) Net Cash Generated from Operation||4,331.62||-279.06||2,320.91|
|(ii) Net Cash Generated from Investment||-7.17||-292.88||-1095.59|
|(iii) Net Cash Generated from Financing Activity||-3,427.85||508.69||-1,651.11|
|(iv) Total[ (i)+(ii)+(iii) ]||896.60||-63.25||-425.79|
|(v) Cash and Cash Equivalents at the Beginning of the Year||44.4||107.65||532.78|
|(vi) Cash and Cash Equivalents at the end of the Year||941.00||44.40||106.99|
Comparison With Peers:
|Name of the Company||FV||EPS||P/E||RONW|
|Adhunik Industries Limited||10||0.82||70.21||3.46%|
|Supershakti Metaliks Limited||10||21.48||17.45||15.00%|
Recommendation on Supershakti Metaliks Limited IPO:
Lead Manager of Supershakti Metaliks Limited IPO:
Registrar of Supershakti Metaliks Limited IPO:
Bid Details of Supershakti Metaliks Limited IPO as on
20 Jul 2018 | 11:36:00 PM
|Category||No.of shares offered||No. of shares bid|
Discussion on Supershakti Metaliks Limited IPO:
Profit jumped 21 times in FY18 as compared to last year on mere 20% Revenue growth put enough doubts on management to avoid such issue.
Before applying in an SME IPO always cross check the performance of LM. The link for checking the same is available at https://investorzone.in/lead-manager/aryaman-financial-services-limited/
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