Uniinfo Telecom Services Limited IPO
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Objects of the Uniinfo Telecom Services Limited IPO:
The Issue comprises of the Fresh Issue of 36,38,000 Equity Shares at an Issue Price of Rs. 55/- per Equity Share aggregating to Rs. 2,000.90 Lakh.
The Company proposes to utilize the Issue Proceeds from the Fresh Issue towards the following objects:
1. To meet the working capital requirement of the Company = 835.00 Lakh
2. Repayment of Debts = 815.00 Lakh
3. Towards General Corporate Purposes = 175.90 Lakh
4. To meet the Issue Expenses = 175.00 Lakh
Uniinfo Telecom Services Limited IPO Details:
| Open Date: | Mar 05 2018 |
| Close Date: | Mar 07 2018 |
| Total Shares: | 36,38,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Fixed Price Issue |
| Issue Size: | 20.01 Cr. |
| Lot Size: | 2000 Shares |
| Issue Price: | ₹ 55 Per Equity Share |
| Listing At: | NSE Emerge |
| Listing Date: | Mar 15 2018 |
Promoters And Management:
1. Mr. Kishore Bhuradia Promoter, Chairman, and Managing Director Mr. Kishore Bhuradia, aged 59 years is the Chairman and Managing Director of the Company. He has been associated with our Company since inception. He is a techno-commercial entrepreneur with vast business experience of over 30 years.
2. Mrs. Pranay Parwal , aged 41 years, is the Whole-time Director and one of the Promoters of the Company. He has been associated with the Company since inception. He holds a Bachelors’ degree in Electronics engineering from North Maharashtra University, Jalgaon and a Masters degree in Management (MBA) from Devi Ahilya University, Indore He has around 16 years of experience in training personnel in telecom information technology.
3. Anil Kumar Jain, aged 59 years is the Whole-time Director of the Company. He has been associated with the Company since April 2016. He holds a Bachelors’ degree (Hons) in Mechanical Engineering from BITS, Pilani. He has experience of more than 30 years in the manufacturing industry. As a Whole-time Director of our Company, he is currently responsible for managing the administration and logistics of the Company.
Company Business:
The Company was incorporated on October 19, 2010 as Uniinfo Telecom Services Private Limited. Company offer support services and solutions to address the Network Life Cycle requirements of Telecom industry. Company provide services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, In Building Solutions and WiFi and Managed Services for network maintenance. Business Model and Positioning
Telecom network active infrastructure rollout in India comprises three entities
(i) Telecom Operators.
(ii) Telecom equipment manufacturers (OEMs)
(iii) Telecom Support Service Providers (TSSPs)
Capital Structure:
| Authorized Share Capital (1,20,00,000 shares at FV@10) | 12 cr |
| Issued, Subscribed,& Paid-up Share Capital Before Issue (70,55,120 Shares at FV@10) | 7.05512 cr |
| Present Issue (36,38,000 Shares at FV@10) | 3.368 cr |
| Pre IPO Placement of 8,04,000 Shares at a price of 55 at FV-10 | .804 cr |
| Reservation for Market Maker (1,42,000 Shares at FV@10) | .142 cr |
| Net Issue to Public (36,38,000-8,04,000-1,42,000) | 2.692cr |
| Retail Quota(<2 Lkah) | 50% |
| HNI & QIB Quota(>2 Lakh) | 50% |
| Paid Up Capital after the issue | 10.42312 cr |
Financials of Uniinfo Telecom Services Limited IPO:
1. Balance Sheet Snippet[ All Calculations are for FY 16-17]
(i) Shareholders’ Fund[Equity] Value =507.2 lakh
(ii) Asset= 2964.72 lakh
(iii)Liability =2457.52 lakh
(iv) Debt/Equity =4.84( High)
(v) RONW(%) =21%
2. Profit n Loss Snippet
(i) Revenue of last 5 years is growing at approx. CAGR of 128%.
(ii) PAT of last 4 years is growing at a CAGR of 352% .
(iii)Margins(PBT/Reveune): 5%(low)
(iv) Post Issue EPS= 4.03
(v) Post Issue P/E=13.64 (reasonably priced)at the issue price of 55.
3. Cash Flow Statement
The company has generated positive cash flows in the last 5 years .
Comparison With Peers:
As per DRHP the company does not have any peer to compare but the Accord Synergy Limited company listed on NSE Emerge which is in the business of Telecom sector can be compared though its revenues mainly comes from manpower management. If you see the performance of Accord Synergy Limited , it is currently trading at a price of 52 from the issue price of 60. Though company has given good listing gain.
Recommendation on Uniinfo Telecom Services Limited IPO:
The company is in the business of Telecom Sector which is under real pressure after the entry of JIO. The Revenues and Margins of all the top Telecom Companies like Airtel, Vodafone , Idea, BSNL and MTNL have gone down considerably in the last one year. One of the client of the Uniinfo Telecom i.e. Aircel has already filed bankruptcy. The short term future of Telecom sector is very uncertain. So we are avoiding this issue.
AVOID
Lead Manager of Uniinfo Telecom Services Limited IPO:
Registrar of Uniinfo Telecom Services Limited IPO:
Company Address:
403, Chetak Centre, 12/2 RNT Marg,
Indore – 452001, Madhya Pradesh, India.
Tel. No.: +91 731 4208091
Email: telecom@uni-info.co.in
Website: www.uni-info.co.in
Discussion on Uniinfo Telecom Services Limited IPO:
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