SVJ Enterprises Limited IPO

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i. Initially SVJ Enterprises was engaged in the production and trading of honey. Further, the Company switched in the manufacturing of Disposable paper plates. The company is now engaged in the manufacturing of Disposable Silver Laminated Plates, Aluminium Foil Food Container, Aluminium Laminated Bag & Pouches, Packaging Pouches etc. Aluminium is 100% recyclable without any loss of its intrinsic properties. The recycling of aluminium products saves energy because the products being recycled usually require much less processing to turn them into usable materials than raw resources.

ii. The Company’s products are recyclable, eco-friendly, aesthetically appealing, safe, convenient and comparatively cheaper. A further boost to the product demand comes from changing lifestyle from 2 and 3 tier cities. The success of the system has also resulted in improvements in workplace health and safety at all levels of the company. The company believes that they have developed advanced technology for design, development and manufacture in its factory at Darbhanga in Bihar. With the setup of manufacturing and honey processing plants also, they have also acquired certifications for Honey and other FMCG products, based on quality managements systems. In their quality control laboratory, extensive tests are carried out to determine the quality of product during purchasing, processing and packaging.

iii. They have well equipped infrastructure to carry out all types of job tailor-made to customer requirements as per international standards. SVJ Enterprises is dedicated to cater customers across the nation.

Our Product Portfolio:

i. Disposable Silver Laminated Plates
ii. Aluminium Foil Food Disposable Containers.
iii. Aluminium food trays

Competitive Strengths
i. Experienced management and skilled team
ii. Customer Centric Business Model
iii. Relationship with Suppliers.
iv. Quality Assurance.

 

Objects of the SVJ Enterprises Limited IPO:

The Objects of the Issue are: i. To meet the working capital requirements of the company ii. To meet the Issue of Expenses iii. General Corporate Purpose  
DRHP of SVJ Enterprises Limited IPO

SVJ Enterprises Limited IPO Details:

Open Date: Feb 23 2023
Close Date: Feb 28 2023
Total Shares: 1,701,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 6.12 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 36 Per Equity Share
Listing At: BSE SME
Listing Date: Mar 09 2023

Promoters And Management:

i. Ms. Saanvi ChanorahasKargutkar, aged 48 years, is the Managing Director of the Company. She was appointed as Managing Director with effect from November 11, 2021. She has completed Bachelor of Commerce. As a leader, she always delivers value to the customers and endeavour in fulfilling / exceeding their expectations and is involved in day-to-day execution of projects. In a Company she is responsible for providing strategic advice and guidance to the members of the board, to keep them aware of developments within the industry and ensure that the appropriate policies are developed to meet the company’s mission and objectives and to comply with all relevant statutory and other regulations. ii. Mr. Suresh Ramchandra Jha, aged 50 years, is the Non-Executive Director and Promoter of the Company since Incorporation. He is Chartered Accountant from Institute of Chartered Accountants of India having Membership Number 107117. He is an innovative thinker with Expertise of more than two decades across sectors in Finance, Direct and Indirect Taxation and Audit. He has proven ability to quickly analyse key business drivers and develop strategies to grow the bottom line. He is a high integrity energetic leader known for ability to envision and create successful outcomes in complex situations. iii. Mr. Satish Kumar Dogra, aged 67 years, is an Independent Director of the Company. He holds degree in Bachelor of Commerce and Diploma in Tour Operation. He is Founder and Manager of Sai Travels. He has more than 30 years of experience in Travel and Tourism industries.  

Financials of SVJ Enterprises Limited IPO:

Particulars ( In Lakhs ) 3MFY23 2022 2021 2020
Revenue from Operations 103 497 147 79
Other Income 0.6 5 4 4
Total Revenue 103 503 152 83
Cost of Materials Consumed 44 316 20 32
Purchase of Stock-in-Trade - - 45 16
Changes in inventories -4 -5 -4 -0.4
Employee Benefits Expense 3 18 8 10
Other Expenses 6 50 24 12
EBITDA 54 123 58 12
Depreciation & Amortisation 11 18 22 9
Finance Cost 2 5 6 3
EBIT 42 104 36 3
OPM (%) 52.04% 24.49% 38.46% 15.33%
PBT 40 99 30 -0.2
Taxes 11 26 7 0
PAT 29 71 22 -0.1
NPM (%) 28.02% 14.21% 15.05% -0.19%
No.of Shares 55 55 55 55
EPS 0.52 1.28 0.41 -0.002
P/E 68.87 28.04 87,42 -12534.75

Comparison With Peers:

There are no listed companies in India which are engaged in the similar business  

Recommendation on SVJ Enterprises Limited IPO:

Review and Recommendation of S.V.J. Enterprises by IZ team is 4/10 (i) Honey was S.V.J Enterprises Limited's first business. Further, their Company switched in the manufacturing of Disposable paper plates. Since then, they feel they have acquired great recognition in throwaway product marketplaces by offering clients the best quality. (ii) The company is now engaged in the manufacturing of Disposable Silver Laminated Plates, Aluminium Foil Food Container, Aluminium Laminated Bag & Pouches, Packaging Pouches. (iii) Product Portfolio:- a) Disposable Silver Laminated Plates. b) Aluminium Foil Food Disposable Containers. c) Aluminium food trays. d) Aluminium laminated bags and pouches. e) packaging pouches, and more. (iv) Their products are recyclable, eco-friendly, attractive, safe, convenient, and cheaper. With their plant in Darbhanga, Bihar, they think they have advanced design, development, and manufacturing technologies. (v) The Revenue has increased from Rs 83 Lakhs in FY20 to Rs 5 Crore in FY22. (vi) The EBITDA has Increased from 12 Lakhs in FY20 to 1 Crore in FY22. (vii) The PAT has Increased from (-0.16) Lakhs in FY20 to 71 Lakhs in FY22. (viii) As per FY22, CFO/EBITDA is 63% and Debtors Days is 63. (ix) As per FY22, EPS is 1.28, Market Capitalization is 20 Crore & P/E is 28.04x.

Lead Manager of SVJ Enterprises Limited IPO:

  1. First Overseas Capital Limited

Registrar of SVJ Enterprises Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

SVJ Enterprises Limited 002, A-Wing, Sonam Palace CHS, Old Golden Nest Phase 1, New Golden Nest Road, Bhayander East, Thane 401105 Phone: +91-9869057304 Email: info@svjenterprises.co.in Website: http://svjenterprises.co.in/

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