Connect with us

Mainline IPO

Mankind Pharma IPO Details

Published

on

Mankind Pharma IPO Details

Mankind Pharma IPO | Incorporated in 1991, Mankind Pharma Limited develops, manufactures, and markets pharmaceutical formulations in a variety of acute and chronic therapeutic areas, as well as a number of consumer healthcare products.

The company is active in a variety of acute and chronic therapeutic sectors in India, including anti-infectives, cardiovascular, gastrointestinal, anti-diabetic, neuro/CNS, vitamins/minerals/nutrients, and respiratory.

It has over 36 brands, including Manforce (Rx), Moxikind-CV, Amlokind-AT, Unwanted-Kit, Candiforce, Gudcef, Glimestar-M, Prega News, Dydroboon, Codistar, Nurokind-Gold, Nurokind Plus-RF, Nurokind-LC, Asthakind-DX, Cefakind, Monticope, Telmikind-H, Telmikind, Gudcef-CV, and Unwanted-72, among them.

Mankind Pharma has one of the largest medical representative distribution networks in the Indian pharmaceutical market (“IPM”). Over eighty percent of physicians in India prescribed their formulations, and they ranked fourth in domestic sales for the Financial Year 2022.

Advertisement

The company has been awarded The Best of Bharat Awards 2022 by exchange4media in the year 2022, a Silver Medal from the National Awards for Manufacturing Competitiveness Assessment 2021 instituted by the International Research Institute of Manufacturing, and a Silver Award for Good Health Brand at the IHW Awards 2021 in the year 2021, the Best Condom Brand of the Year award at Sex Brand Awards, the Pharma OTC Company of the Year Award at the Pharma Excellence Awards 2018, and the Award for Best Design in HONEST Magazine

Mankind Pharma IPO Details

IPO DateApr 25, 2023 to Apr 27, 2023
Face Value₹1 per share
Price₹1026 to ₹1080 per share
Lot Size13 Shares
Total Issue Size40,058,844 shares
(aggregating up to ₹4,326.36 Cr)
Offer for Sale40,058,844 shares of ₹1
(aggregating up to ₹4,326.36 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE

Mankind Pharma IPO Tentative Timetable

Mankind Pharma IPO opens on Apr 21, 2023, and closes on Apr 25, 2023.

EventTentative Date
Opening DateApr 25, 2023
Closing DateApr 27, 2023
Basis of AllotmentMay 3, 2023
Initiation of RefundsMay 4, 2023
Credit of Shares to DematMay 5, 2023
Listing DateMay 8, 2023
UPI Mandate Confirmation Cut-Off Time5.00 PM on the issue closing day

Mankind Pharma IPO Lot Size

The Mankind Pharma IPO lot size is 13 shares.

ApplicationLotsSharesAmount
Retail (Min)113₹14,040
Retail (Max)14182₹196,560
S-HNI (Min)15195₹210,600
S-HNI (Max)71923₹996,840
B-HNI (Min)72936₹1,010,880

Mankind Pharma IPO Promoter Holding

Ramesh Juneja, Rajeev Juneja, Sheetal Arora, Ramesh Juneja Family Trust, Rajeev Juneja Family Trust, and Prem Sheetal Family Trust are the company promoters.

Advertisement
Pre Issue Share Holding79.00%
Post Issue Share Holding

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-205,073.295,975.651,056.153,485.313,436.34126.92
31-Mar-216,372.636,385.381,293.034,722.004,674.39234.53
31-Mar-229,147.747,977.581,452.966,155.236,106.06868.03
Amount in ₹ Crore

Objects of the Issue

All of the offer proceeds will be received by the selling shareholders in proportion to the offered shares that each selling shareholder sold as part of the offer; the company will not receive any of the offer proceeds.

Mankind Pharma Valuations & Margins

FY 2020FY 2021FY 2022
EPS25.7231.5935.78
PE ratio
RONW (%)29.5626.8023.29
NAV153.65
ROCE (%)35.8630.4125.50
EBITDA (%)24.6926.7125.75
Debt/Equity(0.03)0.020.08

Mankind Pharma IPO Prospectus

Company Contact Information

Mankind Pharma Limited
208, Okhla Industrial Estate
Phase-III,
New Delhi 110020
Phone: +91 11 4684 6700
Email: [email protected]
Websitehttps://www.mankindpharma.com/

Mankind Pharma IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: [email protected]
Websitehttps://karisma.kfintech.com/

Mankind Pharma IPO Lead Manager(s)

  1. Kotak Mahindra Capital Company Limited (Past IPO Performance)
  2. Axis Capital Limited (Past IPO Performance)
  3. IIFL Securities Ltd (Past IPO Performance)
  4. Jefferies India Private Limited (Past IPO Performance)
  5. J.P. Morgan India Private Limited (Past IPO Performance)
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Mainline IPO

Avalon Technologies IPO

Published

on

Avalon Technologies IPO Review

Avalon Technologies IPO | Incorporated in 1999, Avalon Technologies Limited is a leading fully integrated Electronic Manufacturing Services (“EMS”) company. They have end-to-end capabilities in delivering box-build solutions in India, focusing on high-value precision engineered products. The company is one of the leaders in the segment in India in terms of revenue in Fiscal 2022.

Through a unique global delivery model, Avalon offers a full stack product and solution suite, right from printed circuit board (PCB) design and assembly to the manufacture of complete electronic systems (Box Build), to certain global original equipment manufacturers (OEMs), including OEMs located in countries like China, Netherlands, United States, and Japan.

The offerings of Avalon Technologies Limited include PCB design and assembly, cable assembly and wire harnesses, sheet metal fabrication and machining, magnetics, injection molded plastics, and end-to-end box build of electronic systems.

With its notable specialization in manufacturing and providing design support for critical integrated assemblies, sub-assemblies, components, and enclosures for multiple industry verticals, they help customers receive the best of services.

Advertisement

Avalon Technologies IPO Details

IPO DateApr 3, 2023 to Apr 6, 2023
Face Value₹2 per share
Price₹415 to ₹436 per share
Lot Size34 Shares
Total Issue Size19,839,450 shares
(aggregating up to ₹865.00 Cr)
Fresh Issue7,339,450 shares
(aggregating up to ₹320.00 Cr)
Offer for Sale12,500,000 shares of ₹2
(aggregating up to ₹545.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE

Avalon Technologies IPO Reservation

QIB Shares OfferedNot less than 75% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Offer
Retail Shares OfferedNot more than 10% of the Offer

Avalon Technologies IPO Tentative Timetable

Avalon Technologies IPO opens on Apr 3, 2023, and closes on Apr 6, 2023.

EventTentative Date
Opening DateApr 3, 2023
Closing DateApr 6, 2023
Basis of AllotmentApr 12, 2023
Initiation of RefundsApr 13, 2023
Credit of Shares to DematApr 17, 2023
Listing DateApr 18, 2023
UPI Mandate Confirmation Cut-Off Time5.00 PM on the issue closing day

Avalon Technologies IPO Lot Size

The Avalon Technologies IPO lot size is 34 shares.

ApplicationLotsSharesAmount
Retail (Min)134₹14,824
Retail (Max)13442₹192,712
S-HNI (Min)14476₹207,536
S-HNI (Max)672,278₹993,208
B-HNI (Min)682,312₹1,008,032

Avalon Technologies IPO Promoter Holding

Kunhamed Bicha and Bhaskar Srinivasan are the promoters of the company.

Advertisement
Pre Issue Share Holding75.02%
Post Issue Share Holding

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-20449.65653.1512.33248.48
31-Mar-21512.48695.9023.08295.33
31-Mar-22587.96851.6568.16294.05
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilize the Net Proceeds towards funding the following objects:

  1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and one of the Material Subsidiaries, i.e. Avalon Technology and Services Private Limited (ATSPL);
  2. Funding the working capital requirements of the Company;
  3. General corporate purposes.

Avalon Technologies IPO Prospectus

Company Contact Information

Avalon Technologies Limited
B – 7, First Main Road,
MEPZ, Tambaram,
Chennai – 600 045
Phone: +9144 42220 400
Email: [email protected]
Websitehttp://www.avalontec.com/

Avalon Technologies IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: [email protected]
Websitehttps://linkintime.co.in/

Avalon Technologies IPO Lead Manager(s)

  1. JM Financial Limited (Past IPO Performance)
  2. DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd) (Past IPO Performance)
  3. IIFL Securities Ltd (Past IPO Performance)
  4. Nomura Financial Advisory And Securities (India) Pvt Ltd (Past IPO Performance)
Continue Reading

Mainline IPO

Udayshivakumar Infra IPO

Published

on

Udayshivakumar Infra IPO

Udayshivakumar Infra IPO | Incorporated in 2019, Udayshivakumar Infra Limited is engaged in the business of the construction of roads.

Udayshivakumar Infra Limited is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 company. They construct roads including State Highways, District Roads, Smart Roads under Municipal Corporations, Smart Roads under PM’s Smart City Mission projects, National Highways, Bruhat Bengaluru Mahanagara Palike (BBMP), and Local Area Roads in various Taluka Places, etc.

The company primarily operates in the State of Karnataka. They bid for Roads, Bridges, Irrigation & Canals Industrial Area construction in Karnataka, this includes National Highways (MORTH), State Highway Development Corporations Ltd., (SHDP), Government Departments such as Karnataka Public Works Ports & Inland Water Transport Department (KPWP & IWTD), Davanagere Harihara Urban Development Authority (DHUDA), and many more.

As of August 31, 2022, the Company had executed over 30 various projects in and around the State of Karnataka along with the erstwhile partnership firm, M/s. Udayshivakumar. The entity is working on twenty-five ongoing projects.

Advertisement

To gear up its operations and scale larger, the company is also looking to undertake projects in the joint venture with other infrastructure companies in industry.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-20158.26194.4110.4946.8733.95
31-Mar-21146.82211.119.3256.1830.60
31-Mar-22162.61186.3912.1568.3226.48
30-Sep-22178.90107.1410.0278.3439.46
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding incremental working capital requirements of our Company;
  2. General corporate purposes.

Udayshivakumar Infra IPO Details

IPO DateMar 20, 2023 to Mar 23, 2023
Face Value₹10 per share
Price₹33 to ₹35 per share
Lot Size428 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹60.00 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹60.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE

Udayshivakumar Infra IPO Tentative Timetable

Udayshivakumar Infra IPO opens on Mar 20, 2023, and closes on Mar 23, 2023. The Udayshivakumar Infra IPO bid date is from Mar 20, 2023 10.00 A.M. to Mar 23, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateMar 20, 2023
Closing DateMar 23, 2023
Basis of AllotmentMar 28, 2023
Initiation of RefundsMar 29, 2023
Credit of Shares to DematMar 31, 2023
Listing DateApr 3, 2023

Udayshivakumar Infra IPO Reservation

QIB Shares OfferedNot more than 10% of the Issue
NII (HNI) Shares OfferedNot less than 30% of the Issue
Retail Shares OfferedNot less than 60% of the Issue

Udayshivakumar Infra IPO Promoter Holding

Mr. Udayshivakumar is the Promoter of the company.

Pre Issue Share Holding100.00%
Post Issue Share Holding

Udayshivakumar Infra IPO Prospectus

Company Contact Information

Udayshivakumar Infra Limited
1924A/196, Banashankari Badavane,
Near NH-4 Bypass,
Davangere – 577 005
Phone: +91 819 229 7009
Email: [email protected]
Websitehttp://www.uskinfra.com/

Udayshivakumar Infra IPO Registrar

MAS Services Limited

Phone: (011) 2610 4142
Email: [email protected]
Websitehttp://www.masserv.com

Advertisement

Udayshivakumar Infra IPO Review

Sorry, we couldn’t find any reviews, please check back later.

Udayshivakumar Infra IPO Lead Manager(s)

  1. Saffron Capital Advisors Private Limited (Past IPO Performance)
Continue Reading

Mainline IPO

Global Surfaces IPO

Published

on

Global Surfaces IPO Review

Global Surfaces IPO | Incorporated in 1991, Global Surfaces Limited is engaged in processing natural stones and manufacturing engineered quartz.

Natural stones are produced through complex geological processes and forms various products like granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth.

The company has two units, one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan, and the other at Mahindra World City SEZ, Jaipur, Rajasthan. Both units engage in the processing and manufacturing of the products.

The products of Global Surfaces Limited have applications in flooring, wall cladding, countertops, cut-to-size, and other items. The products are widely used for commercial and residential industries and are sold within and outside India.

Advertisement

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20128.73165.7820.9664.4858.0353.49
31-Mar-21159.00179.0033.9398.4391.9837.46
31-Mar-22236.48198.3635.63134.04100.1737.28
30-Sep-22280.2099.2513.59148.93115.0750.52
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilize the Net Proceeds towards the funding of the following objects:

  1. Investment in the wholly owned subsidiary, Global Surfaces FZE for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates (UAE);
  2. General corporate purposes.

Global Surfaces IPO Details

IPO DateMar 13, 2023 to Mar 15, 2023
Face Value₹10 per share
Price₹133 to ₹140 per share
Lot Size100 Shares
Issue Size11,070,000 shares of ₹10
(aggregating up to ₹154.98 Cr)
Fresh Issue8,520,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Offer for Sale2,550,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE

Global Surfaces IPO Reservation

QIB Shares OfferedNot more than 50% of the Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer

Global Surfaces IPO Tentative Timetable

Global Surfaces IPO opens on Mar 13, 2023, and closes on Mar 15, 2023. The Global Surfaces IPO bid date is from Mar 13, 2023 10.00 A.M. to Mar 15, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateMar 13, 2023
Closing DateMar 15, 2023
Basis of AllotmentMar 20, 2023
Initiation of RefundsMar 21, 2023
Credit of Shares to DematMar 22, 2023
Listing DateMar 23, 2023

Global Surfaces IPO Lot Size

The Global Surfaces IPO lot size is 100 shares. A retail-individual investor can apply for up to 14 lots (1400 shares or ₹196,000).

ApplicationLotsSharesAmount
Retail (Min)1100₹14,000
Retail (Max)141400₹196,000
S-HNI (Min)151,500₹210,000
B-HNI (Min)727,200₹1,008,000

Global Surfaces IPO Promoter Holding

Mayank Shah is the Promoter of the Company.

Pre Issue Share Holding99.35%
Post Issue Share Holding

Global Surfaces IPO Review

The Company works with natural stones and makes engineered quartz as part of its business. Both its RoE and RoCE … Read Full Review Here

Advertisement

Global Surfaces IPO Prospectus

Company Contact Information

Global Surfaces Limited
Plot No. PA-10-006,
Engineering and Related Industries SEZ,
Mahindra World City, Sanganer Jaipur – 302 037
Phone: 0141-7191000
Email: [email protected]
Websitehttp://www.globalsurfaces.in/

Global Surfaces IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: [email protected]
Websitehttps://www.bigshareonline.com/

Global Surfaces IPO Lead Manager(s)

  1. Unistone Capital Pvt Ltd (Past IPO Performance)
Continue Reading

Mainline IPO

Divgi TorqTransfer Systems IPO

Published

on

Divgi TorqTransfer Systems IPO

Divgi TorqTransfer Systems IPO | Incorporated in 1964, Divgi TorqTransfer Systems Limited is engaged in the business as an automotive component entity. They are among the very few automotive component entities in India with the capability to develop and provide system-level transfer cases, torque couplers, and dual-clutch automatic transmission solutions.

Divgi TorqTransfer is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India. Not only thi are also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India.

Divgi TorqTransfer Systems Limited manufactures and supplies its products under a wide range which includes-

  1. Torque transfer systems (which includes four-wheel-drive (“4WD”) and all-wheel-drive (“AWD”) products);
  2. Synchronizer systems for manual transmissions and DCT;
  3. Components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs.

Alongside, they have also developed

  1. Transmission systems for EVs;
  2. DCT systems;
  3. Rear wheel drive manual transmissions.

Divgi TorqTransfer Systems Limited also takes pride in being among the few companies that serve as both, systems-level solution providers and component kit suppliers to global OEMs and Tier I transmission systems suppliers.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20303.70170.7428.04209.53203.5150.41
31-Mar-21362.88195.0338.04295.88288.990.26
31-Mar-22405.37241.8746.15340.02326.250.12
30-Sep-22430.21137.5525.66356.20342.440.50
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:

Advertisement
  1. Funding capital expenditure requirements for the purchase of equipment/machineries of our manufacturing facilities;
  2. General corporate purposes.

Divgi TorqTransfer Systems IPO Details

IPO DateMar 1, 2023 to Mar 3, 2023
Face Value₹5 per share
Price₹560 to ₹590 per share
Lot Size25 Shares
Issue Size
Fresh Issue[.] shares of ₹5
(aggregating up to ₹180.00 Cr)
Offer for Sale3,934,243 shares of ₹5
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
QIB Shares OfferedNot less than 75% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Offer
Retail Shares OfferedNot more than 10% of the Offer
Company PromotersJitendra Bhaskar Divgi, Hirendra Bhaskar Divgi and Divgi Holdings Private Limited are the promoters of the company.

Divgi TorqTransfer Systems IPO Tentative Timetable

Divgi TorqTransfer Systems IPO opens on Mar 1, 2023, and closes on Mar 3, 2023. The Divgi TorqTransfer Systems IPO bid date is from Mar 1, 2023 10.00 A.M. to Mar 3, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateMar 1, 2023
Closing DateMar 3, 2023
Basis of AllotmentMar 9, 2023
Initiation of RefundsMar 10, 2023
Credit of Shares to DematMar 13, 2023
Listing DateMar 14, 2023

Divgi TorqTransfer Systems IPO Lot Size

The Divgi TorqTransfer Systems IPO lot size is 25 shares. A retail-individual investor can apply for up to 13 lots (325 shares or ₹191,750).

ApplicationLotsSharesAmount
Retail (Min)125₹14,750
Retail (Max)13325₹191,750
S-HNI (Min)14350₹206,500
B-HNI (Min)681,700₹1,003,000

Divgi TorqTransfer Systems IPO Promoter Holding

Pre Issue Share Holding67.18%
Post Issue Share Holding

Divgi TorqTransfer Systems IPO Prospectus

Company Contact Information

Divgi TorqTransfer Systems Limited
Plot No. 75,
General Block, MIDC
Bhosari, Pune 411026
Phone: +91 020 – 27302000
Email: [email protected]
Websitehttp://www.divgi-tts.com/

Divgi TorqTransfer Systems IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Websitehttps://linkintime.co.in/

Divgi TorqTransfer Systems IPO Review

Sorry, we couldn’t find any reviews, please check back later.

Divgi TorqTransfer Systems IPO Lead Manager(s)

  1. Inga Ventures Pvt Ltd (Past IPO Performance)
  2. Equirus Capital Private Limited (Past IPO Performance)
Continue Reading

Mainline IPO

Adani Enterprises FPO

Published

on

Adani-Enterprises-FPO

Adani Enterprises FPO | Incorporated in 1988, Adani Enterprises Limited is part of the Adani Group. They are among India’s top business houses having an integrated energy and infrastructure platform in India The Group is an Indian Multinational company engaged in multiple business ventures.

With a long track record of successful execution of various large-scale projects, the company has emerged as a leader in different segments.

Over the decades of its operations, the Group has established unicorns like Adani Power, Adani Ports & SEZ, Adani Transmission, Adani Green Energy, and Adani Total Gas. The endeavors of the companies are highly driven toward making India a self-reliant country.

The businesses of Adani Group include-

Advertisement
  1. Mining Services
  2. Edible Oil & Foods
  3. Water
  4. Data Center
  5. Integrated Resource Management
  6. Agro
  7. Solar Manufacturing
  8. Defence & Aerospace
  9. Airports
  10. Roads, Metro & Rail

The company not only emphasizes its efforts on offering the best quality products and services but also ensures to contribute towards a sustainable environment and offering back to society. The Adani Group had a market capitalization of ₹18,402 billion (approximately US$222 billion) as of December 31, 2022.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-204689.844408.621041820.991260.49
31-Mar-2151642.8640290.931045.76189116051.42
30-Sep-218232.472632.7746.012317.633218.96
31-Mar-22101760.1970432.69787.72692.8441023.77
30-Sep-2212309.137950.7990.13617.644002.35
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilize the Net Proceeds towards funding of the following objects:

  1. Funding capital expenditure requirements of some of the Subsidiaries in relation to (a) certain projects of the green hydrogen ecosystem; improvement works of certain existing airport facilities; and construction of greenfield expressway;
  2. Repayment, in full or part, of certain borrowings of our Company and three of our Subsidiaries, namely, Adani Airport Holding Limited, Adani Road Transport Limited, and Mundra Solar Limited; and
  3. General corporate purposes.

Adani Enterprises FPO Details

IPO DateJan 27, 2023 to Jan 31, 2023
Face Value₹1 per share
Price₹3112 to ₹3276 per share
Lot Size4 Shares
Issue SizeAggregating up to ₹20,000.00 Cr
Fresh IssueAggregating up to ₹20,000.00 Cr
Retail DiscountRs. 64 per share
Issue TypeBook Built Issue FPO
Listing AtBSE, NSE
QIB Shares Offered50% of the net offer
NII (HNI) Shares Offered15% of the Net Offer
Retail Shares Offered35% of the Net Offer
Company PromotersGautam S. Adani and Rajesh S. Adani are the promoters of the company.

Adani Enterprises FPO Tentative Timetable

Adani Enterprises FPO opens on Jan 27, 2023, and closes on Jan 31, 2023. The Adani Enterprises FPO bid date is from Jan 27, 2023 10.00 A.M. to Jan 31, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateJan 27, 2023
Closing DateJan 31, 2023
Basis of AllotmentFeb 3, 2023
Initiation of RefundsFeb 6, 2023
Credit of Shares to DematFeb 7, 2023
Listing DateFeb 8, 2023

Adani Enterprises FPO Lot Size

The Adani Enterprises FPO lot size is 4 shares. A retail-individual investor can apply for up to 15 lots (60 shares or ₹196,560).

ApplicationLotsSharesAmount
Retail (Min)14₹13,104
Retail (Max)1560₹196,560
S-HNI (Min)1664₹209,664
B-HNI (Min)77308₹1,009,008

Adani Enterprises FPO Promoter Holding

Pre Issue Share Holding72.63%
Post Issue Share Holding

Adani Enterprises FPO Prospectus

Company Contact Information

Adani Enterprises Limited
Shantigram, Near Vaishnodevi Circle,
S G Highway,
Ahmedabad-382421
Phone: +91-79-26565555
Email: [email protected]
Websitehttps://www.adanienterprises.com/

Adani Enterprises FPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: [email protected]
Websitehttps://linkintime.co.in/

Adani Enterprises FPO Lead Manager(s)

  1. ICICI Securities Limited
  2. Jefferies India Private Limited 
  3. SBI Capital Markets Limited 
  4. Axis Capital Limited 
  5. BOB Capital Markets Limited 
  6. IDBI Capital Market Services Limited 
  7. JM Financial Limited
  8. IIFL Securities Ltd 
  9. Monarch Networth Capital Ltd 
  10. Elara Capital (India) Private
Continue Reading

Mainline IPO

Sah Polymers IPO

Published

on

Sah Polymers IPO Review

Incorporated in 1992, Sah Polymers Limited is primarily engaged in manufacturing and selling of Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics and woven polymer.

The company offer customised bulk packaging solutions to business-to-business (” B2B”) manufacturers catering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry.

Sah Polymers Limited have two business divisions (i) domestic sales; and (ii) exports. The company has a presence in 6 states and 1 union territory for the domestic market and 6 regions internationally in 6 regions such as Africa, the Middle East, Europe, the USA, Australia and the Caribbean.

As of March 31, 2022, the company is supported by 97 committed staff based on the payroll. The company has one manufacturing facility with an installed production capacity of 3960 m.t. p.a. located at Udaipur, Rajasthan.

Advertisement

Competitive Strength:

  • Product portfolio
  • Customer base across geographies and industries
  • Management Team

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2035.9349.910.318.8110.37
31-Mar-2140.5855.341.2720.0913.79
31-Mar-2268.6781.234.3826.6530.54
30-Jun-2275.3527.591.2527.7433.15
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilize the Net Proceeds towards funding of the following objects:

1. Setting up of a new manufacturing facility to manufacture new variant of Flexible Intermediate Bulk Containers (FIBC).

2. Repayment/ Prepayment of certain secured and unsecured borrowings in full or part availed by the Company and the Subsidiary Company.

3. Funding the working capital requirements of the Company.

Advertisement

4. General corporate purposes.

Sah Polymers IPO Details

IPO DateDec 30, 2022 to Jan 4, 2023
Face Value₹10 per share
Price₹61 to ₹65 per share
Lot Size230 Shares
Issue Size10,200,000 shares of ₹10
(aggregating up to ₹66.30 Cr)
Fresh Issue10,200,000 shares of ₹10
(aggregating up to ₹66.30 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
QIB Shares OfferedNot less than 75% of the Issue
NII (HNI) Shares OfferedNot more than 15% of the Issue
Retail Shares OfferedNot more than 10% of the Issue
Company PromotersSat Industries Limited is the company promoter.

Sah Polymers IPO Tentative Timetable

Sah Polymers IPO opens on Dec 30, 2022, and closes on Jan 4, 2023. The Sah Polymers IPO bid date is from Dec 30, 2022 10.00 A.M. to Jan 4, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateDec 30, 2022
Closing DateJan 4, 2023
Basis of AllotmentJan 9, 2023
Initiation of RefundsJan 10, 2023
Credit of Shares to DematJan 11, 2023
Listing DateJan 12, 2023

Sah Polymers IPO Lot Size

The Sah Polymers IPO lot size is 230 shares. A retail-individual investor can apply for up to 13 lots (2990 shares or ₹194,350).

ApplicationLotsSharesAmount
Retail (Min)1230₹14,950
Retail (Max)132990₹194,350
S-HNI (Min)143,220₹209,300
B-HNI (Min)6715,410₹1,001,650

Sah Polymers IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding60.46%

Sah Polymers IPO Anchor Investors

Sah Polymers IPO Anchor investor bid ended on Dec 29, 2022. A total of 4,590,000 shares are offered to Anchor investors. Sah Polymers IPO Anchor Investor Lock-in Period is Feb 20, 2023 for 50% of equity shares and May 15, 2023 for the remaining portion.

Advertisement
  • Anchor Investor Bid Date: Dec 29, 2022
  • Anchor Portion Size: Rs.29.84 crore (Shares offered * Upper Price)
  • Anchor lock-in period end date (50% Shares): Around Feb 20, 2023 (30 Days)
  • Anchor lock-in period end date (remaining shares): Around May 15, 2023 (90 Days)
  • Sah Polymers IPO Anchor Investors list

Sah Polymers IPO Prospectus

Company Contact Information

Sah Polymers Limited
E-260-261
Mewar Industrial Area
Madri Udaipur Rajasthan 313003
Phone: +91 294 2493889
Email: [email protected]
Websitehttps://sahpolymers.com/

Sah Polymers IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: [email protected]
Websitehttps://linkintime.co.in/

Sah Polymers IPO Lead Manager(s)

  1. Pantomath Capital Advisors Pvt Ltd 
Continue Reading

Mainline IPO

Radiant Cash Management IPO

Published

on

Radiant Cash Management IPO Review
Radiant Cash Management IPO

Radiant Cash Management IPO | Incorporated in 2005, is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India. The company offers a range of services under this segment consisting of collection and delivery of cash on behalf of our clients from the end user.

The company’s management is supported by a qualified and motivated pool of about 2,012 employees (as of July 31, 2022).

The main objects of the Company are:

  • Carry on the business of providing to Banks, Individuals, Commercial and Government Establishments, Cash/Cheques/DDs Pickup and Delivery Services, Cash Processing such as sorting for good and soiled currencies, notes, coins of various denominations, Overnight vaulting services for bulk cash and ATM cards, Cassettes & important documents, ATM Services, Handling of PIN mailers/drafts/cheque book delivery, Providing strong rooms installed as per RBI guidelines.
  • Keep on the business of management of electronic online and mobile financial and cash transactions and product management and development of intellectual property in the area of cash management.
  • Go on any business regarding cash management under Business Process Outsourcing.

The company is one of the largest players in the RCM segment in terms of network locations or touch points served as of March 31, 2022.

Radiant Cash Management Services provide services across 13,044 pin codes in India covering all districts (other than Lakshadweep) with about 55,513 touchpoints serving more than 5,388 locations as of July 31, 2022.

The company’s key clients are Axis Bank Limited, Citibank, Deutsche Bank Limited, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank, Standard Chartered Bank, State Bank of India, The Hongkong and Shanghai Banking Corporation Limited and Yes Bank Limited.

Advertisement

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-19141.44223.1325.02105.7217.73
31-Mar-20157.62251.7836.5119.5721.13
31-Mar-21162.14224.1632.43127.111.05
31-Mar-22190.57286.9738.21139.7626.75
30-Jun-22203.9584.3815.32155.1925.54
Amount in ₹ Crore

Objects of the Issue

The net proceeds of the Fresh Issue:

1. Funding working capital requirements.

2. Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans.

3. General corporate purposes.

Advertisement

Radiant Cash Management IPO Details

IPO DateDec 23, 2022 to Dec 27, 2022
Face Value₹1 per share
Price₹94 to ₹99 per share
Lot Size150 Shares
Issue Size39,185,606 shares of ₹1
(aggregating up to ₹387.94 Cr)
Fresh Issue6,060,606 shares of ₹1
(aggregating up to ₹60.00 Cr)
Offer for Sale33,125,000 shares of ₹1
(aggregating up to ₹327.94 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
QIB Shares OfferedNot more than 50% of the Offer
NII (HNI) Shares OfferedNot less than 15% of the Offer or the Offer
Retail Shares OfferedNot less than 35% of the Offer
Company PromotersCol. David Devasahayam and Dr Renuka David are the company promoters.

Radiant Cash Management IPO Tentative Timetable

Radiant Cash Management IPO opens on Dec 23, 2022, and closes on Dec 27, 2022. The Radiant Cash Management IPO bid date is from Dec 23, 2022 10.00 A.M. to Dec 27, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateDec 23, 2022
Closing DateDec 27, 2022
Basis of AllotmentDec 30, 2022
Initiation of RefundsJan 2, 2023
Credit of Shares to DematJan 3, 2023
Listing DateJan 4, 2023

Radiant Cash Management IPO Lot Size

The Radiant Cash Management IPO lot size is 150 shares. A retail-individual investor can apply for up to 13 lots (1950 shares or ₹193,050).

ApplicationLotsSharesAmount
Retail (Min)1150₹14,850
Retail (Max)131950₹193,050
S-HNI (Min)142,100₹207,900
B-HNI (Min)6810,200₹1,009,800

Radiant Cash Management IPO Promoter Holding

Pre Issue Share Holding66.39%
Post Issue Share Holding

Radiant Cash Management IPO Anchor Investors

Radiant Cash Management IPO Anchor investor bid ended on Dec 27, 2022. A total of 39,185,606 shares are offered to Anchor investors.Radiant Cash Management IPO Anchor Investor Lock-in Period is Dec 22, 2022 for 50% of equity shares and May 5, 2023 for the remaining portion.

  • Anchor Investor Bid Date: Dec 22, 2022
  • Anchor Portion Size: Rs.387.94 crore (Shares offered * Upper Price)
  • Anchor lock-in period end date (50% Shares): Around Feb 10, 2023 (30 Days)
  • Anchor lock-in period end date (remaining shares): Around May 5, 2023 (90 Days)

Radiant Cash Management IPO Prospectus

Company Contact Information

Radiant Cash Management Services Limited
28, Vijayaraghava Road,
T. Nagar, Chennai 600 017,
Tamil Nadu, India
Phone: +91 044 4904 4904
Email: [email protected]
Websitehttps://radiantcashservices.com/

Radiant Cash Management IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: [email protected]
Websitehttps://linkintime.co.in/

Advertisement

Radiant Cash Management IPO Review

Sorry, we couldn’t find any reviews, please check back later.

Radiant Cash Management IPO Lead Manager(s)

  1. IIFL Securities Ltd 
  2. Motilal Oswal Investment Advisors Pvt Ltd 
  3. YES Bank Limited 
Continue Reading

Mainline IPO

Elin Electronics IPO

Published

on

Elin Electronics IPO Review

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.

The company has three manufacturing facilities which are strategically located in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh) and Verna (Goa).

Advertisement

The company also has a centralized R&D centre in Ghaziabad (Uttar Pradesh), focusing on the research and development of all aspects of OEM and ODM models including concept sketching, design refinement, generating optional features and testing.

In Fiscals 2020, 2021 and 2022 and the seven-month period ended October 31, 2022, the company catered to 327, 387, 342 and 297 customers, respectively.

The company’s revenue from operations in Fiscals 2020, 2021 and 2022 and the six-month period ended September 30, 2022, was Rs 7,855.84 million, Rs 8,623.78 million, Rs 10,937.54 million and Rs 6,044.57 million.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-19397.73829.7429.0786.64
31-Mar-20387.63786.3727.4969.89
31-Mar-21508.31864.934.86113.77
31-Mar-22532.611094.6739.15102.33
30-Sep-22589.24604.7420.67102.77
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:

Advertisement

1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.

2. Funding capital expenditure towards upgrading and expanding our existing facilities at (i) Ghaziabad, Uttar Pradesh, and (ii) Verna, Goa.

3. General corporate purposes

Elin Electronics IPO Details

IPO DateDec 20, 2022 to Dec 22, 2022
Face Value₹5 per share
Price₹234 to ₹247 per share
Lot Size60 Shares
Issue SizeAggregating up to ₹475.00 Cr
Fresh IssueAggregating up to ₹175.00 Cr
Offer for SaleAggregating up to ₹300.00 Cr
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
QIB Shares Offered50% of the Offer
NII (HNI) Shares Offered15% of the Offer
Retail Shares Offered35% of the Offer
Company PromotersMangi Lall Sethia, Kamal Sethia, Kishore Sethia, Gaurav Sethia, Sanjeev Sethia, Sumit Sethia, Suman Sethia, Vasudha Sethia and Vinay Kumar Sethia are the company promoters.

Elin Electronics IPO Tentative Timetable

Elin Electronics IPO opens on Dec 20, 2022, and closes on Dec 22, 2022. The Elin Electronics IPO bid date is from Dec 20, 2022 10.00 A.M. to Dec 22, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Advertisement
EventTentative Date
Opening DateDec 20, 2022
Closing DateDec 22, 2022
Basis of AllotmentDec 27, 2022
Initiation of RefundsDec 28, 2022
Credit of Shares to DematDec 29, 2022
Listing DateDec 30, 2022

Elin Electronics IPO Lot Size

The Elin Electronics IPO lot size is 60 shares. A retail-individual investor can apply for up to 13 lots (780 shares or ₹192,660).

ApplicationLotsSharesAmount
Retail (Min)160₹14,820
Retail (Max)13780₹192,660
S-HNI (Min)14840₹207,480
B-HNI (Min)684,080₹1,007,760

Elin Electronics IPO Promoter Holding

Pre Issue Share Holding53.98%
Post Issue Share Holding

Elin Electronics IPO Prospectus

Company Contact Information

Elin Electronics Limited
143, Cotton Street,
Kolkata – 700 007,
West Bengal, India
Phone: +91 011 43000400
Email: [email protected]
Websitehttps://www.elinindia.com/

Elin Electronics IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: [email protected]
Websitehttps://karisma.kfintech.com/

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… Read Full IPO Review Here

Elin Electronics IPO Lead Manager(s)

  1. Axis Capital Limited 
  2. JM Financial Limited 
Continue Reading

Mainline IPO

KFin Technologies IPO

Published

on

KFin Technologies IPO Review

KFin Technologies IPO | Company was 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.

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.

As on September 30, 2022, KFin Technologies Limited is the only investor and issuer solutions provider in India that offers services to asset managers such as mutual funds, alternative investment funds (“AIFs”), wealth managers and pension as well as corporate issuers in India.

They are one of the two operating central record-keeping agencies (“CRAs”) for the National Pension System (” NPS”) in India as on September 30, 2022.

Advertisement

KFin Technologies Limited is India’s largest issuer solutions provider based on several clients serviced, as of September 30, 2022.

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

1. Investor solutions -(Account Setup, Transaction Origination, Redemption, Brokerage Calculations, Compliance / Regulatory Reporting Recordkeeping).

Domestic mutual funds, International, Pension services, Alternatives and wealth management.

Advertisement

2. Issuer solutions (Folio Creation and Maintenance, Transaction Processing for IPO, FPO, etc. Corporate Action Processing, Compliance / Regulatory Reporting Recordkeeping MIS, Virtual Voting e-AGM, e-Vault).

3. Global business Domestic mutual services (Mortgage Services Legal Services Transfer Agency Finance and Accounting).

The company’s revenue from operations for Fiscal 2022 and the six months ended September 30, 2022, was Rs 6,395.07 million and Rs 3,487.68 million, respectively.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-191021.78164.768.96519.28406.01
31-Mar-20868.38455.264.52409.58375.44
31-Mar-21922.61486.2-64.51346.4346.13
30-Sep-21973.26293.4367.8269.95321.44
31-Mar-221026.41645.56148.55644.34122.51
30-Sep-221114.81353.7685.34736.72126.24
Amount in ₹ Crore

Objects of the Issue

The company will not receive any proceeds from the Offer and all such proceeds will go to the Promoter Selling Shareholder.

Advertisement

KFin Technologies IPO Details

IPO DateDec 19, 2022 to Dec 21, 2022
Face Value₹10 per share
Price₹347 to ₹366 per share
Lot Size40 Shares
Issue Size40,983,607 shares of ₹10
(aggregating up to ₹1,500.00 Cr)
Offer for Sale40,983,607 shares of ₹10
(aggregating up to ₹1,500.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
QIB Shares OfferedNot less than 75% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Offer
Retail Shares OfferedNot more than 10% of the Offer
Company PromotersGeneral Atlantic Singapore Fund Pte. Ltd. is the company promoter.

KFin Technologies IPO Tentative Timetable

KFin Technologies IPO opens on Dec 19, 2022, and closes on Dec 21, 2022. The KFin Technologies IPO bid date is from Dec 19, 2022 10.00 A.M. to Dec 21, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateDec 19, 2022
Closing DateDec 21, 2022
Basis of AllotmentDec 26, 2022
Initiation of RefundsDec 27, 2022
Credit of Shares to DematDec 28, 2022
Listing DateDec 29, 2022

KFin Technologies IPO Lot Size

The KFin Technologies IPO lot size is 40 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹190,320).

ApplicationLotsSharesAmount
Retail (Min)140₹14,640
Retail (Max)13520₹190,320
S-HNI (Min)14560₹204,960
B-HNI (Min)692,760₹1,010,160

KFin Technologies IPO Promoter Holding

Pre Issue Share Holding74.37%
Post Issue Share Holding71.74%

Anchor Investors

KFin Technologies IPO Anchor investor bid ended on Dec 21, 2022. A total of 40,983,607 shares are offered to Anchor investors.KFin Technologies IPO Anchor Investor Lock-in Period is Dec 16, 2022 for 50% of equity shares and May 1, 2023 for the remaining portion.

  • Anchor Investor Bid Date: Dec 16, 2022
  • Anchor Portion Size: Rs.1,500.00 crore (Shares offered * Upper Price)
  • Anchor lock-in period end date (50% Shares): Around Feb 6, 2023 (30 Days)
  • Anchor lock-in period end date (remaining shares): Around May 1, 2023 (90 Days)

KFin Technologies IPO Prospectus

Company Contact Information

KFin Technologies Limited
Selenium, Tower B, Plot No- 31 & 32,
Financial District, Nanakramguda, Serilingampally,
Hyderabad, Rangareddi – 500032, Telangana
Phone: +91 40 7961 5565
Email: [email protected]
Websitehttp://www.kfintech.com/

KFin Technologies IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: [email protected]
Websitehttp://www.bigshareonline.com

Advertisement

KFin Technologies IPO Review

If you’re looking for a top-tier provider of technology solutions for the financial sector, go no fur… Read Full IPO Review Here

KFin Technologies IPO Lead Manager(s)

  1. ICICI Securities Limited
  2. Kotak Mahindra Capital Company Limited 
  3. J.P. Morgan India Private Limited
  4. IIFL Securities Ltd 
  5. Jefferies India Private Limited 
Continue Reading

Mainline IPO

Landmark Cars IPO

Published

on

Landmark Cars IPO Review

Landmark Cars Limited (IPO) 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.

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.

Landmark Cars Limited vehicle dealership network is spread across 31 cities in eight states and union territories including Maharashtra, Uttar Pradesh, Gujarat, Haryana, Madhya Pradesh, Punjab, West Bengal and the National Capital Territory of Delhi.

Advertisement

The company operate as an authorized service centre for Mercedes-Benz, Honda, Volkswagen, Jeep, Renault and Ashok Leyland. Landmark Cars also provide after-sales service and repairs through 51 after-sales services and spare outlets, as of September 30, 2021.

The company’s business model captures the entire customer value chain including retailing new vehicles, servicing and repairing vehicles, selling spare parts, lubricants and other products, selling pre-owned passenger vehicles and distribution of third-party finance and insurance products.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-191008.032834.62-24.43187.96478.78
31-Mar-20831.772228.93-28.94169.12357.91
31-Mar-21887.91966.3411.15181.78327.44
31-Mar-221085.382989.1266.18246.94308.49
30-Jun-221209.37801.918.14268.27464.36
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

1. Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company and Subsidiaries.

Advertisement

2. General corporate purposes.

Landmark Cars IPO Details

IPO DateDec 13, 2022 to Dec 15, 2022
Face Value₹5 per share
Price₹481 to ₹506 per share
Lot Size29 Shares
Issue Size10,909,091 shares of ₹5
(aggregating up to ₹552.00 Cr)
Fresh Issue2,964,427 shares of ₹5
(aggregating up to ₹150.00 Cr)
Offer for Sale7,944,664 shares of ₹5
(aggregating up to ₹402.00 Cr)
Employee Discount48
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
Company PromotersSanjay Karsandas Thakker is the company promoter.

Landmark Cars IPO Tentative Timetable

Landmark Cars IPO opens on Dec 13, 2022, and closes on Dec 15, 2022. The Landmark Cars IPO bid date is from Dec 13, 2022 10.00 A.M. to Dec 15, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateDec 13, 2022
Closing DateDec 15, 2022
Basis of AllotmentDec 20, 2022
Initiation of RefundsDec 21, 2022
Credit of Shares to DematDec 22, 2022
Listing DateDec 23, 2022

Landmark Cars IPO Lot Size

The Landmark Cars IPO lot size is 29 shares. A retail-individual investor can apply for up to 13 lots (377 shares or ₹190,762).

ApplicationLotsSharesAmount
Retail (Min)129₹14,674
Retail (Max)13377₹190,762
S-HNI (Min)14406₹205,436
B-HNI (Min)692,001₹1,012,506

Landmark Cars IPO Promoter Holding

Pre Issue Share Holding60.24%
Post Issue Share Holding44.61%

Landmark Cars IPO Prospectus

Company Contact Information

Landmark Cars Limited
Landmark House, Opp. AEC, S.G. Highway,
Thaltej, Near Gurudwara,
Ahmedabad 380 059,
Phone: +91 79 6618 5555
Email: [email protected]
Websitehttps://www.grouplandmark.in/

Landmark Cars IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Websitehttps://linkintime.co.in/

Advertisement

Landmark Cars IPO Review

The company is the leader in selling high-end cars and … Read Full IPO Details Here

Lead Manager(s)

  1. Axis Capital Limited 
  2. ICICI Securities Limited
Continue Reading

Trending