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Mainline IPO Review

Elin Electronics IPO Review

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Elin Electronics IPO Review

Issue Details

Elin Electronics IPO Review | It is a main-board IPO of [.] equity shares of the face value of ₹5. Aggregating up to ₹475.00 Crores. The issue is priced at ₹234 to ₹247 per share. 

The minimum order quantity is 60 Shares at the price ₹14,820 & retail-individual investor can apply for up to 13 lots of 780 shares at the price ₹192,660. S-HNI (Min) is 14 lot of 840 shares at the price of ₹207,480. And B-HNI (Min) is 68 lot of 4,080 shares at the price of ₹1,007,760

The IPO opens on Dec 20, 2022, and closes on Dec 22, 2022. And listing date is on Dec 30, 2022.

The Company  Pre Issue Share Holding is 53.98%.

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Company Background

Elin Electronics (IPO) incorporated in 1969, is a leading electronics manufacturing services (“EMS”) provider. The company is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and is one of the largest fractional horsepower motors manufacturers in India.

Elin Electronics Limited manufactures and assembles a wide array of products and provides end-to-end product solutions. The company serve under both original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) business models.

The company’s diversified product portfolio in EMS includes (i) LED lighting, fans and switches including lighting products, ceiling, fresh air and TPW fans, and modular switches and sockets, (ii) small appliances such as dry and steam irons, toasters, hand blenders, mixer grinders, hair dryer and hair straightener; (iii) fractional horsepower motors, which is used in mixer grinder, hand blender, wet grinder, chimney, air conditioner, heat convector, TPW fans etc.; and (iv) other miscellaneous products.

Company financial Details

Talking about the financials of the company tho the company has posted a turnover of ₹786.37 Cr with a net profit of ₹27.49 Cr in FY20, ₹864.9 Cr. with a net profit of ₹34.86 Cr. in FY21 and ₹1094.67 Cr. with a net profit of ₹39.15 Cr. in FY22.

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Talking about the EPS of the company, the company has posted a weighted average EPS of ₹8.76 for the last 3 fiscal years.

Summary of Financial Statement

Elin Electronics IPO summary

Profit & Loss Account

Elin Electronics IPO Profit & loss

EPS (Earning Per Shares)

Elin Electronics IPO EPS

RoNW

Elin Electronics IPO RoNW

Listed Peers

Elin Electronics IPO Listed Peers

Conclusion

Elin Electronics IPO Review | The company has been able to increase both its revenue and its profits thanks to its strong relationships with its most prominent clients. The issue is fully valued at this time, but in comparison to its publicly traded competitors, it looks cheap. Informed investors might think about investing for the potential rewards in the medium to long term.

Read Full IPO Details Here – Elin Electronics IPO

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Mainline IPO Review

KFin Technologies IPO review

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KFin Technologies IPO Review

Issue Details

KFin Technologies IPO review | KFin Technologies’ initial public offering (IPO) is a main-board IPO of ₹40,983,607 equity shares with a face value of ₹10 each, which could raise up to ₹1,500.00 crores. The price per share is between ₹347 and ₹366. 

The minimum order quantity is 40 shares at ₹14,640, and retail-individual investors can apply for up to 13 lots of 520 shares at ₹190,320 S-HNI (Min) is 14 lot of 560 shares at the price of ₹204,960 and B-HNI (Min) is 69 lot of 2,760 shares at the price of ₹1,010,160

The IPO opens on Dec 19, 2022, and closes on Dec 21, 2022. And listing date is on Dec 29, 2022

Company Background

KFin Technologies Limited (IPO) incorporated in 2017, is a leading technology-driven financial services platform. The company provides services and solutions to asset managers and corporate issuers across asset classes in India and provides several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines and Hong Kong.

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As on September 30, 2022, the company is India’s largest investor solutions provider to Indian mutual funds, based on several AMC clients serviced. The company is also servicing 301 funds of 192 asset managers in India as on September 30, 2022.

The company has classified its products and services in the following manner:

  •  Investor solutions 
  • Issuer solutions
  • Global business Domestic mutual services

Company financial Details

Talking about the financials of the company, the company has posted a turnover of ₹455.26 Cr with a net profit of ₹4.52 Cr in FY20. ₹486.2 Cr. with a net profit of ₹-64.51 Cr. in FY21 and ₹645.56 Cr. with a net profit of ₹148.55 Cr. in FY22

For the past three fiscal years, the company’s EPS has averaged 3.30.

Summary of Financial Statement

Summary of Financial Statement
Summary of Financial Statement

Profit & Loss Account

Profit & Loss Account

EPS (Earning Per Shares)

EPS (Earning Per Shares)

RoNW

Listed Peers

Listed Peers

Conclusion

KFin Technologies IPO review | If you’re looking for a top-tier provider of technology solutions for the financial sector, go no further than KTL. A setback in FY21 caused it to get back on track, though. The issue appears fully priced after taking into account its historical performance together with all positives in the near future. Investors with a surplus of cash could think about putting their money somewhere safe for the long haul.

Read Full IPO Details Here: KFin Technologies IPO

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Mainline IPO Review

Landmark Cars IPO Review

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Landmark Cars IPO Review

Issue Details

Landmark Cars IPO Review | Landmark Cars IPO is a main-board IPO of 10,909,091 equity shares of the face value of ₹5 aggregating up to ₹552.00 Crores. The issue is priced at ₹481 to ₹506 per share. 

The minimum order quantity is 29 Shares at the price ₹14,674 & retail-individual investor can apply for up to 13 lots of 377shares at the price ₹190,762. S-HNI (Min) is 14 lot of 406 shares at the price of ₹205,436. And B-HNI (Min) is 69 lot of 2,001 shares at the price of ₹1,012,506

The IPO opens on Dec 13, 2022, and closes on Dec 15, 2022. And listing date is on Dec 23, 2022.

Company Background

Landmark Cars Limited (IPO Review) incorporated in 1998, is the leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. The company also cater to the commercial vehicle retail business of Ashok Leyland in India.

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Landmark Cars offers services such as sales of new vehicles, after-sales service and repairs (including sales of spare parts, lubricants and accessories), sales of pre-owned passenger vehicles and facilitation of the sales of third-party finance and insurance products.

The company has expanded the network to include 112 outlets in 8 Indian states, comprised of 61 sales showrooms and outlets and 51 after-sales services and spare outlets, as of September 30, 2021.

Company financial Details

Talking about the financials of the company tho the company has posted a turnover of ₹2228.93 Cr with a net profit of ₹-28.94 Cr in FY20, ₹1966.34 Cr. with a net profit of ₹11.15 Cr. in FY21 and ₹2989.12 Cr. with a net profit of ₹66.18 Cr. in FY22.

Talking about the EPS of the company, the company has posted a weighted average EPS of ₹8.66 for the last 3 fiscal years.

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Summary of Financial Statement

Profit & Loss Account

EPS (Earning Per Shares)

RoNW

Listed Peers

There are no listed companies in India that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company. 

Conclusion

The company is the leader in selling high-end cars and also offers service and replacement parts. Based on how it has done financially recently, the price of the issue seems to be right. Well-informed investors with extra cash may want to park their money for long-term gains.

Read Full IPO Details Here – Landmark Cars IPO

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Mainline IPO Review

Sula Vineyards IPO review

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Sula Vineyards IPO Review

Issue Details

Sula Vineyards IPO review | Sula Vineyards IPO is a main-board IPO of 26,900,530 equity shares of the facevalue of ₹2 aggregating upto ₹960.35 Crores. The issue is price at ₹340 to ₹357 per share.

The minimum order quantity is 42 shares at $14,994, and retail-individual investors can apply for up to 13 lots of 546 shares at $194,922 S-HNI (Min) is 14 lot of 588 shares at the price of ₹209,916 and B-HNI (Min) is 67 lot of 2,814 shares at the price of ₹1,004,598

The IPO opens on Dec 12, 2022, and closes on Dec 14, 2022. And listing date is on Dec 22, 2022.

Company Background

Sula Vineyards Limited (IPO Review) incorporated in 2003, is the India’s largest wine producer & seller as of March 31, 2022. The company also distribute wines under a bouquet of popular brands including “RASA,” “Dindori”, “The source,” “Satori”, “Madera” & “Dia” with its flagship brand “Sula” being the “category creator” of wine in India.

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The company’s business is broadly classified under two categories (i) the production of wine, the import of wines and spirits, and the distribution of wines and spirits (the “Wine Business”). and (ii) the sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (the “Wine Tourism Business“)

Company financial Details

Talking about the financials of the company tho the company has posted a turnover of ₹523.21 Cr with a net profit of ₹-15.94 Cr in FY20. ₹421.53 Cr. with a net profit of ₹3.01 Cr. in FY21 and ₹456.7 Cr. with a net profit of ₹52.14 Cr. in FY22

For the past three fiscal years, the company’s EPS has averaged 3.06.

Summary of Financial Statement

Profit & Loss Account

EPS (Earning Per Shares)

RoNW

Listed Peers

Conclusion

With a market share of over 52%, the company is the leader in the wine market. Based on its past financial performance, the issue seems to be priced at its fair value and all of its near-term positives are taken into account. Worry is raised by a lower promoter holding. People who have extra cash may want to invest it for a long-term return.

Read Full IPO Details Here – Sula Vineyards IPO

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Mainline IPO Review

Abans Holdings IPO review

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Abans Holdings IPO Review

Issue Details

Abans Holdings IPO review | Abans Holdings‘ main-board IPO of 12,800,000 equity shares of face value 2 totals 345.60 Crores. The issue is price at ₹256 to ₹270 per share. The minimum order quantity is 55 Shares of ₹14,850 and the maximum you can apply is 13 lots of 715 shares at the price of ₹193,050. S-HNI (Min) is 14 lots of 770 shares at the price of ₹207,900 and B-HNI (Min) is 68 lots of 3,740 shares at the price of ₹1,009,800.  

The IPO opens on Dec 12, 2022, and closes on Dec 15, 2022. And the Listing Date is on Dec 23, 2022.

The Company  Pre Issue Share Holding is 100% and Post Issue Share Holding is 83.25%.

Company Background

Abans Holdings Limited (IPO Review) incorporate in 2009, is engage in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development and Real Estate. The company represents the financial services arm of the Abans Group.

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Abans Holdings Limited provides NBFC services, global institutional trading in equities, commodities and foreign exchange, private client stock broking, depositary services, asset management services, investment advisory services and wealth management services to corporates, institutional and high net worth clients.

The company’s business is divided into:

  • Finance Business:
  • Agency Business:
  • Capital and other Business: 

Company financial Details

Talking about the financials of the company tho the company has posted a turnover of ₹2771.88 Cr with a net profit of ₹39.22 Cr in FY20, ₹1331.37 Cr. with a net profit of ₹45.8 Cr. in FY21 and ₹646.23 Cr. with a net profit of ₹61.97 Cr. in FY22.

Talking about the EPS of the company, the company has posted a weighted average EPS of ₹11.39 for the last 3 fiscal years.

Summary of Financial Statement

Profit & Loss Account

EPS (Earning Per Shares)

RoNW

 Listed Peers

Conclusion / Investment Strategy

Based on how well it has done financially recently, the price of the issue is very high. It works in a part of financial services that is very competitive. Concerns are raised by the fact that only 10% of IPO shares will go to QIBs, 30% to HNIs, and 60% to retail investors. Those who have extra cash and are willing to take risks may want to park funds.

Read Full IPO Details Here – Abans Holdings IPO

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Mainline IPO Review

Uniparts India IPO review

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Uniparts India IPO Review

About Company

Uniparts is an Indian based global manufacturer of engineered systems and solutions. The Group is a leading provider of systems and parts for the off-highway market. It has six factories and four warehouses in the US, Europe, and India, and its products are sold in 25 countries.

We are a global manufacturer of engineered systems and solutions, and our presence in more than 25 countries makes us one of the leading suppliers of systems and components for the off-highway market in the agriculture, construction, forestry, and mining (CFM) and aftermarket sectors. We make high-quality, important products and parts for the Off-Highway Vehicles (OHV) industry. These include complete assemblies of precision-engineered products and “end-to-end” solutions that cover everything from the ideation, design, prototyping, testing, development, and assembly of a product to its custom packaging and delivery.

Our product portfolio has core product verticals like 3-point linkage systems (3PL) and precision machined parts (PMP), as well as adjacent product verticals like power take off, fabrications, and hydraulic cylinders or parts of those. Our global business model is based on our dual-shore integrated manufacturing, warehousing, and supply chain management systems and solutions. This is how we serve OHV players like OEMs and aftermarket retail store chains.

Issue Details

The Uniparts India IPO (Review) is a main-board IPO with 14,481,942 equity shares with a face value of Rs10, The issue is priced at ₹548 to ₹577 per share. The minimum order quantity is 25 Shares.

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The company IPO Pre Issue Shareholding 75.54% and Post Issue Shareholding 65.79% .

Uniparts India IPO opens on Nov 30, and closes on Dec 2.

Company financial Details

The revenue/profit from operations for Fiscals 2019, 2020, and 2021 and March 31, 2022 was Rs 1062.48Cr/ Rs 69.6 Cr, Rs 938.84Cr/Rs 62.64 Cr, Rs 947.69 Cr/Rs 93.15, and Rs 1231.04 Cr/Rs 166.89 Cr respectively.

Statement of Profit & Loss

Earning Per Shares (EPS)

Conclusion / Investment Strategy

Uniparts India IPO Review | UIL is a niche player in the market segment in which it operates. Based on its most recent financial performance, the price of the issue is reasonable. Potential investors may wish to lodge funds for medium- to long-term returns.

Read Full IPO Details Here – Uniparts India IPO

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Mainline IPO Review

Dharmaj Crop Guard IPO Review

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Dharmaj Crop Guard IPO Review

Issue details

Dharmaj Crop Guard IPO (Review) is a main-board IPO of 1,05,96,924 equity shares of the face value of ₹10 aggregating up to ₹251.15 Crores. The issue is price at ₹216 to ₹237 per share. The minimum order quantity is 60 Shares.

The size of an IPO lot for Dharmaj Crop Guard is 60 shares. A private investor can apply for up to 14 lots, which is equal to 840 shares or Rs1,99,080. S-HNI (Min) of 15 lots is equal to 900 shares of Rs 2,13,300 and B-HNI (Min) of 71 lots is equal to 4,260 shares of Rs ₹10,09,620.

The company IPO Pre Issue ShareHolding is 100% and Post Issue Shareholding is 73.03%

The IPO opens on Nov 28, 2022, and closes on Nov 30, 2022.

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Company Background

Dharmaj Crop Guard Limited is an agrochemical company that has been around since 2015. The company makes, distributes, and sells a wide range of agrochemical products to both B2C and B2B customers. These products include insecticides, fungicides, herbicides, plant growth regulators, micro fertilisers, and antibiotics.

The company helps farmers increase production and profitability using crop protection products. The company exports to more than 20 Latin American, East African, Middle Eastern, and Far Eastern countries.

As of November 30, 2021, the company’s branded products are sold in 12 states by 3,700 dealers with access to 8 stock depots in India.

The Company director has experience of more than 20 years in the agrochemical industry.

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Company financial Details

The revenue/profit from operations for Fiscals 2019, 2020, and 2021 and the four-month period ended July 31, 2022 was Rs 139 Cr/ Rs 5.02 Cr, Rs 198 Cr/Rs10.76 Cr, Rs 302 Cr/Rs20.96, and Rs 221 Cr/Rs 18.36 Cr respectively.

Main’s objective for the company is to bring an IPO for Funding the costs of buying equipment for a factory to be built in Saykha, Bharuch, Gujarat. Getting more money for the company’s working capital needs. Repayment and/or prepayment, in full or in part, of some of the Company’s borrowings. General corporate purposes.

Profit & Loss Account of Dharmaj Crop Guard
Earning Per Shares of Dharmaj Crop Guard
RoNW of Dharmaj Crop Guard

Track Record

Track Record of Dharmaj Crop Guard

Comparison with Listed Peers

Comparison with Listed Peers of Dharmaj Crop Guard

Conclusion

DCGL operates in the agrochemical industry and has carved out a niche with its B2C and B2B business model. It has shown consistent growth in its top and bottom lines and is primed for bright prospects as it launches further items. Currently, this market area is also gaining popularity. Investors may choose to invest for medium- to long-term returns.

Review by IPO INFO – Investors may consider applying for the medium to long-term rewards.

Read Full IPO Details Here – Dharmaj Crop Guard IPO

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