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Nirman Agri Genetics IPO

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Nirman Agri Genetics IPO Review

Nirman Agri Genetics IPO | Incorporated in 2020, Nirman Agri Genetics Limited is an organized Agri-Input Company in India. The company is in the business of production, processing, and marketing of high-quality hybrid seeds, Pesticides, and Bio-organic. These processes are used for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc.

Expanding its horizon, Nirman Agri Genetics Limited recently forayed into micronutrients and Bioproducts. And they also produce non-hybrid seeds, primarily for paddy.

The company currently has production, outsourced processing, and R&D facilities in Nashik and Nimgul, Maharashtra, Gujarat, and Madhya Pradesh.

In 2022, Nirman began to market bio-pesticides, micronutrients, bio-fertilizers, fertilizer mixtures & plant growth regulators under the name “Nirman Agri Genetics”.

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Nirman Agri Genetics Limited strives at becoming a leading crop solutions provider for farmers by supplying high-yielding hybrid seeds and crop management through micronutrients, by-products, etc.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-21164.06382.215.476.4799.19
31-Mar-22595.871,348.91256.02264.41124.67
31-Oct-22915.701,804.28230.44447.51171.41
Amount in ₹ Lakhs

Objects of the Issue

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

  1. Funding additional Working capital requirements
  2. Investment in Strategic Acquisition / Joint Venture
  3. Purchase of Computer and other hardware
  4. General Corporate Purposes

Nirman Agri Genetics IPO Details

IPO DateMar 15, 2023, to Mar 20, 2023
Face Value₹10 per share
Price₹99 per share
Lot Size1200 Shares
Issue Size2,050,800 shares of ₹10
(aggregating up to ₹20.30 Cr)
Fresh Issue2,050,800 shares of ₹10
(aggregating up to ₹20.30 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME

Nirman Agri Genetics IPO Reservation

NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market Maker portion104,400 shares (NNM SECURITIES PVT. LTD.)

Nirman Agri Genetics IPO Tentative Timetable

Nirman Agri Genetics IPO opens on Mar 15, 2023, and closes on Mar 20, 2023. The Nirman Agri Genetics IPO bid date is from Mar 15, 2023 10.00 A.M. to Mar 20, 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 15, 2023
Closing DateMar 20, 2023
Basis of AllotmentMar 23, 2023
Initiation of RefundsMar 24, 2023
Credit of Shares to DematMar 27, 2023
Listing DateMar 28, 2023

Nirman Agri Genetics IPO Lot Size

The Nirman Agri Genetics IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹118,800).

ApplicationLotsSharesAmount
Retail (Min)11200₹118,800
Retail (Max)11200₹118,800
HNI (Min)22,400₹237,600

Nirman Agri Genetics IPO Promoter Holding

Pranav Kailas Bagal is the Promoter of the company.

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Pre Issue Share Holding99.99%
Post Issue Share Holding65.59%

Nirman Agri Genetics IPO Prospectus

Company Contact Information

Nirman Agri Genetics Limited
Vedant Apartment, Near Reliance Shopee,
Dindori Road, Panchavati,
Nashik – 422 003
Phone: +91 253 2943101
Email: [email protected]
Websitehttp://www.nirmanagrigen.com/

Nirman Agri Genetics IPO Registrar

Bigshare Services Pvt Ltd

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

Nirman Agri Genetics IPO Review

NAGL is in the business of making and selling hybrid seeds and other bio-organic products that go with them. Based on its super earnings in FY23, … Read Full IPO Review Here

Nirman Agri Genetics IPO Lead Manager(s)

  1. First Overseas Capital Limited (Past IPO Performance)
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SME IPO

Infinium Pharmachem IPO

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Maiden Forgings IPO Review

Infinium Pharmachem IPO | Incorporated in 2003, Infinium Pharmachem Limited manufactures & supplies Iodine Derivatives, APIs, and Iodination reaction-based bulk drugs.

The company offers R & D services and commercial scale manufacturing and packaging for Pharmaceutical, Agrochemical, Nutraceutical, Speciality Chemicals & other chemical industries.

Infinium Pharmachem’s manufacturing plant is located in Gujarat – INDIA, which spans across 4100 Sq. Mtr. Plot area. The facility is FDA certified & GMP compliant with capabilities of producing complex Iodine Derivatives. 

The company serves to over 15+ countries across the globe and has over 200+ Iodine Derivatives and 7+ APIs.

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Objects of the Issue

The proceeds from the fresh issue will be utilized for the following objects:

1. Marketing and branding expenses (including registration in reach – Europe, and other marketing expenses).

2. Repayment of some of the existing loans and expansion of units.

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3. To meet incremental working capital requirements.

4. To meet public issue expenses.

Infinium Pharmachem IPO Details

IPO Date
Face Value₹10 per share
Price₹135 per share
Lot Size1000 Shares
Total Issue Size1,875,000 shares
(aggregating up to ₹25.31 Cr)
Fresh Issue1,875,000 shares
(aggregating up to ₹25.31 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME

Infinium Pharmachem IPO Reservation

Market Maker portion94,000 shares (SWASTIKA INVESTMART LIMITED)

Infinium Pharmachem IPO Lot Size

The Infinium Pharmachem IPO lot size is 1000 shares.

ApplicationLotsSharesAmount
Retail (Min)11000₹135,000
Retail (Max)11000₹135,000
HNI (Min)22,000₹270,000

Infinium Pharmachem IPO Promoter Holding

Mr. Sanjaykumar Viththalbhai Patel, Mr. Pravin Bhadabhai Madhani, And Mr. Mitesh Lavjibhai Chikhaliya

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Pre Issue Share Holding100%
Post Issue Share Holding

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-202,244.603,941.6493.40424.74566.17
31-Mar-213,418.277,115.37272.48702.32579.47
31-Mar-225,899.9510,005.25610.641,310.221,385.01
30-Sep-227,075.717,985.39551.011,855.771,614.71
Amount in ₹ Lakhs

Infinium Pharmachem IPO Prospectus

Company Contact Information

Infinium Pharmachem Limited
38 G.I.D.C Sojitra,
Taluka – Sojitra,
Dist. – Anand – 387240
Phone: +91-2692-238849
Email: [email protected]
Websitehttps://infiniumpharmachem.com/

Infinium Pharmachem IPO Registrar

Bigshare Services Pvt Ltd

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

Infinium Pharmachem IPO Analysis

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Infinium Pharmachem IPO Lead Manager(s)

  1. Swastika Investmart Ltd (Past IPO Performance)
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SME IPO

Maiden Forgings IPO

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Maiden Forgings IPO Review

Maiden Forgings IPO | Incorporated in 2005, Maiden Forgings Limited is engaged in manufacturing and selling ferrous metal products. The company manufactures steel bright bars, wires, profiles, collated pneumatic nails, and ground bars.

The company has three manufacturing plants, all located in Ghaziabad, Uttar Pradesh, India. The combined aggregated manufacturing capacity of these plants is 50,000 tons per annum.

Maiden Forgings has around 450+ B2B customers across the globe. The company sells its products from Original Equipment Manufacturers (OEM) to large manufacturing companies in different industry domains like Prestige TTK, Everest, UM Auto etc. 

Maiden Forgings Limited has been awarded thrice recently in the year 2018 with the ‘fastest growth in the business category’ award through business sphere magazine conferred by Hon’ble cabinet minister Dr. Harshvardhan, “heroes next door award” in the year 2019 conferred by Hon’ble cabinet minister Gen. V.K. Singh and the “most versatile company for steel Bright bar in India” conferred by Business Sphere.

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Objects of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objects:

1. Consolidation and expansion of the manufacturing facilities.

2. Working Capital and General Corporate Purpose.

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3. Issue Expenses.

Maiden Forgings IPO Details

IPO DateMar 23, 2023 to Mar 27, 2023
Face Value₹10 per share
Price₹60 to ₹63 per share
Lot Size2000 Shares
Total Issue Size3,784,000 shares
(aggregating up to ₹23.84 Cr)
Fresh Issue3,784,000 shares
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME

Maiden Forgings IPO Reservation

QIB Shares OfferedNot more than 50% of the Net offer
NII (HNI) Shares OfferedNot less than 15% of the Offer
Retail Shares OfferedNot less than 35% of the Offer
Market Maker portion190,000 shares

Maiden Forgings IPO Tentative Timetable

Maiden Forgings IPO opens on Mar 23, 2023, and closes on Mar 27, 2023.

EventTentative Date
Opening DateMar 23, 2023
Closing DateMar 27, 2023
Basis of AllotmentMar 31, 2023
Initiation of RefundsApr 3, 2023
Credit of Shares to DematApr 5, 2023
Listing DateApr 6, 2023
UPI Mandate Confirmation Cut-Off Time5.00 PM on the issue closing day

Maiden Forgings IPO Lot Size

The Maiden Forgings IPO lot size is 2000 shares.

ApplicationLotsSharesAmount
Retail (Min)12000₹126,000
Retail (Max)12000₹126,000
HNI (Min)24,000₹252,000

Maiden Forgings IPO Promoter Holding

Mr. Nishant Garg and Ms. Nivedita Garg are the company promoters.

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Pre Issue Share Holding100%
Post Issue Share Holding

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-209,890.0520,440.37165.952,136.921,672.025,788.13
31-Mar-2110,484.2519,937.49168.942,899.112,377.715,428.93
31-Mar-2211,014.2321,083.72213.943,113.052,591.656,170.75
31-Dec-2212,595.6916,381.04801.513,914.562,871.766,525.17
Amount in ₹ Lakhs

Maiden Forgings IPO Review 

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Maiden Forgings IPO Prospectus

Company Contact Information

Maiden Forgings Limited
B-5, Arihant Tower,
Block D Market, Vivek Vihar,
East Delhi, New Delhi – 110092
Phone: +011-44796732
Email: [email protected]
Websitehttps://maidenforgings.in/

Maiden Forgings IPO Registrar

Maashitla Securities Pvt. Limited

Phone: +91-11-45121795-96
Email: [email protected]
Websitehttps://www.maashitla.com/

Maiden Forgings IPO Lead Manager(s)

  1. Share India Capital Services Private Limited (Past IPO Performance)
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SME IPO

Command Polymers IPO

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Command Polymers IPO Review

Command Polymers IPO | Incorporated in 1998, Command Polymers Limited is in the business of Marketing and Manufacturing Polymer-based products. These products include Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics, and other polymers.

The products of Command Polymers have a wide variety of applications in industries like Industrial packaging industries, Food industry, etc. With its versatility and scale, the company is able to serve multiple types of industries and its scope is continuously growing.

The company primarily engages in manufacturing and trading. Its revenue is generated in the proportion of 67% and 33% from these activities, respectively.

The manufacturing facility of Command Polymers Limited is situated in District 24 Parganas (South). The facility is well-equipped with all the necessary machinery and tools required for an efficient and smooth manufacturing process and easy logistics.

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The competitive strengths of the company are:

  • Experienced Management Team
  • Existing relationships with suppliers
  • Quality Assurance
  • Smooth flow of operations
  • Scalable Business Model
  • Our Product enables us to serve diversified industries

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,640.401,089.849.43921.39236.92238.57
31-Mar-212,252.481,636.7619.64932.37247.90514.25
31-Mar-221,889.121,948.5030.02962.39277.92685.14
31-Dec-222,225.231,460.1516.16978.56294.09661.04
Amount in ₹ Lakhs

Objects of the Issue

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

  1. Funding Working capital requirements;
  2. Repayment of Loans;
  3. General Corporate Purpose

Command Polymers IPO Details

IPO DateMar 17, 2023, to Mar 21, 2023
Face Value₹10 per share
Price₹28 per share
Lot Size4000 Shares
Issue Size2,532,000 shares of ₹10
(aggregating up to ₹7.09 Cr)
Fresh Issue2,532,000 shares of ₹10
(aggregating up to ₹7.09 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME

Command Polymers IPO Reservation

NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market Maker portion132,000 shares

Command Polymers IPO Tentative Timetable

Command Polymers IPO opens on Mar 17, 2023, and closes on Mar 21, 2023. The Command Polymers IPO bid date is from Mar 17, 2023 10.00 A.M. to Mar 21, 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 17, 2023
Closing DateMar 21, 2023
Basis of AllotmentMar 24, 2023
Initiation of RefundsMar 27, 2023
Credit of Shares to DematMar 28, 2023
Listing DateMar 29, 2023

Command Polymers IPO Lot Size

The Command Polymers IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112,000).

ApplicationLotsSharesAmount
Retail (Min)14000₹112,000
Retail (Max)14000₹112,000
HNI (Min)28,000₹224,000

Command Polymers IPO Promoter Holding

Kundan Vinimay Private Limited, Sukhjit Consultants Limited, Sukhdhan Vinimay Private Limited and Ridhi Sidhi Advisory Private Limited are the Promoters of the company.

Pre Issue Share Holding52.60%
Post Issue Share Holding38.39%

Command Polymers IPO Prospectus

Company Contact Information

Command Polymers Limited
Mouza Malancha, J.L.No.87,
P.O. Narayanpur, P.S Bhangar,
District 24 Parganas (South) -743502
Phone: +91 98365 52178
Email: [email protected]
Websitehttp://www.commandpolymers.com/

Command Polymers IPO Registrar

KFin Technologies Limited

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

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Command Polymers IPO Review

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Command Polymers IPO Lead Manager(s)

  1. Aryaman Financial Services limited (Past IPO Performance)
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SME IPO

Dev Labtech Venture IPO

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Dev Labtech Venture IPO Review

Dev Labtech Venture IPO | Incorporated in 1993, Dev Labtech Venture Limited is a Premier Lab Grown Diamond & Jewellery Manufacturer. The company’s registered office is situated in Bhavnagar, Gujarat and it also operates through its sales offices.

Dev Labtech has recently started the manufacturing of lab-grown diamonds, earlier to this, the entity was engaged in the processing of natural diamonds only. The company has developed expert skills over the years in mapping, designing, cutting, and polishing with innovation & extracting optimum output with less wastage while transforming rough to natural polish diamonds.

Dev Labtech Venture Limited has an in-house technical & Design team to make Laboratory grown diamonds. The company has placed the highest quality checks at every level of the manufacturing processes to ensure the superiority of its products.

The company is striving to expand its product line and offer complementary products to enhance its product portfolio.

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Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20711.231,178.850.04144.80123.84154.05
31-Mar-21713.731,228.113.65148.45127.50177.53
31-Mar-22888.242,698.0143.62192.0766.35122.58
30-Sep-221,166.65966.4364.12717.86232.17114.52
Amount in ₹ Lakhs

Objects of the Issue

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Meet the Capital Expenditure Requirements
  2. To Meet Working Capital Requirement
  3. General Corporate Purpose
  4. To Meet the Issue Expenses

Dev Labtech Venture IPO Details

IPO DateMar 17, 2023 to Mar 21, 2023
Face Value₹10 per share
Price₹51 per share
Lot Size2000 Shares
Issue Size2,200,000 shares of ₹10
(aggregating up to ₹11.22 Cr)
Fresh Issue2,200,000 shares of ₹10
(aggregating up to ₹11.22 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME

Dev Labtech Venture IPO Tentative Timetable

Dev Labtech Venture IPO opens on Mar 17, 2023, and closes on Mar 21, 2023. The Dev Labtech Venture IPO bid date is from Mar 17, 2023 10.00 A.M. to Mar 21, 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 17, 2023
Closing DateMar 21, 2023
Basis of AllotmentMar 24, 2023
Initiation of RefundsMar 27, 2023
Credit of Shares to DematMar 28, 2023
Listing DateMar 29, 2023

Dev Labtech Venture IPO Reservation

NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market Maker portion112,000 shares (SUNFLOWER BROKING PVT. LTD.)

Dev Labtech Venture IPO Lot Size

The Dev Labtech Venture IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

ApplicationLotsSharesAmount
Retail (Min)12000₹102,000
Retail (Max)12000₹102,000
HNI (Min)24,000₹204,000

Dev Labtech Venture IPO Promoter Holding

Mr. Jerambhai Lavjibhai Donda, Mrs. Labhuben Jerambhai Donda, and Mr. Jay Jerambhai Donda are the Promoters of the company.

Pre Issue Share Holding92.66%
Post Issue Share Holding68.01%

Dev Labtech Venture IPO Prospectus

Company Contact Information

Dev Labtech Venture Limited
GF/22-23, Pattani Plaza,
Dairy Road, Near Nilambaug Circle,
Bhavnagar – 364002
Phone: +91-0278-2995027
Email: [email protected]
Websitehttp://www.devlabtechventure.com/

Dev Labtech Venture IPO Registrar

Link Intime India Private Ltd

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

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Dev Labtech Venture IPO Review

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Dev Labtech Venture IPO Lead Manager(s)

  1. Beeline Capital Advisors Pvt Ltd (Past IPO Performance)
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SME IPO

Bright Outdoor Media IPO

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Bright Outdoor Media IPO Review

Bright Outdoor Media IPO | Incorporated in 2005, Bright Outdoor Media Limited is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home (OOH) media services.

The company’s array of service hoardings includes Transfer stickers, Railway boards, Railway panels, Promos, full train, Bus panels, Full Bus painting, Toll Naka, Mobile sign trucks, Kiosks, Traffic Booths, Cinema slides, Gantry and Vinyl.

Alongside Out-of-Home (OOH) Advertising and offering novel communication services to clients, the company also engages in offering services assuring multicultural and ethnic Outdoor Advertising campaigns that engage audiences and achieve impact, for every creative need, idea, and budget.

The client domain of Bright Outdoor mainly revolves around corporate clients operating in various business fields viz. Insurance, Financial service providers, Entertainment Industries, Construction, Jewellery, Aviation, Education, Government Organizations, etc.

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The company has been included in the World Book of Records, 2022 for receiving 2000 felicitations, 5000 awards internationally and owing 1000 clients in the field of entertainment industry, corporate sector and FMCG for 33 years.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2010,135.257,151.29171.243,349.775,185.79
31-Mar-219,702.122,494.88108.223,435.194,819.56
31-Mar-229,450.585,089.71259.203,679.474,082.90
30-Sep-229,273.534,518.46419.694,091.652,997.04
Amount in ₹ Lakhs

Objects of the Issue

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

  1. Prepayment/repayment of certain secured borrowings availed by our Company
  2. Purchase of LED Hoardings
  3. Funding working capital requirements
  4. General corporate purposes.

Bright Outdoor Media IPO Details

IPO DateMar 14, 2023 to Mar 17, 2023
Face Value₹10 per share
Price₹146 per share
Lot Size1000 Shares
Issue Size3,800,000 shares of ₹10
(aggregating up to ₹55.48 Cr)
Fresh Issue3,800,000 shares of ₹10
(aggregating up to ₹55.48 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME

Bright Outdoor Media IPO Reservation

NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market Maker portion194,000 shares (SHRENI SHARES PRIVATE LIMITED)

Bright Outdoor Media IPO Tentative Timetable

Bright Outdoor Media IPO opens on Mar 14, 2023, and closes on Mar 17, 2023. The Bright Outdoor Media IPO bid date is from Mar 14, 2023 10.00 A.M. to Mar 17, 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 14, 2023
Closing DateMar 17, 2023
Basis of AllotmentMar 22, 2023
Initiation of RefundsMar 23, 2023
Credit of Shares to DematMar 24, 2023
Listing DateMar 27, 2023

Bright Outdoor Media IPO Lot Size

The Bright Outdoor Media IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹146,000).

ApplicationLotsSharesAmount
Retail (Min)11000₹146,000
Retail (Max)11000₹146,000
HNI (Min)22,000₹292,000

Bright Outdoor Media IPO Promoter Holding

Yogesh Jiwanlal Lakhani and Jagruti Yogesh Lakhani are the Promoters of the Company.

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Pre Issue Share Holding99.99%
Post Issue Share Holding72.72%

Bright Outdoor Media IPO Prospectus

Company Contact Information

Bright Outdoor Media Limited
801, 8th Floor, Crescent Tower, Near Morya House,
Fame Infinity Mall, Off New Link Road,
Andheri (West), Mumbai 400 053
Phone: 022 – 6714 0000
Email: [email protected]
Websitehttp://www.brightoutdoor.com/

Bright Outdoor Media IPO Registrar

Bigshare Services Pvt Ltd

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

Bright Outdoor Media IPO Review

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Bright Outdoor Media IPO Lead Manager(s)

  1. SHRENI SHARES PRIVATE LIMITED (Past IPO Performance)
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SME IPO

Quality Foils India IPO

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Quality Foils India IPO Review

Quality Foils India IPO | Incorporated in 1990, Quality Foils (India) Limited is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. The company uses raw materials of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited.

Quality Foils is among India’s prospering manufacturers and exporters of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible hose pipes. The entity has over three decades of experience in manufacturing stainless steel products.

The deliverables of Quality Foils (India) Limited are offered under the brand name “Quality”.

Quality Foils (India) Limited products are sold both in the domestic as well as international markets. The company have exported its products to more than seven countries, including Germany, the UK, the Philippines, Sri Lanka, Turkey, Poland and Bogota Colombia.

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The company has one manufacturing plant located in Hisar, Haryana. Manufacturing Facility have a total installed capacity of 12,000 MT per annum for CR Stainless steel coils/strips and 2,00,000 meters per annum for SS Hose pipes.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-206,606.5315,210.77107.871,773.531,633.53
31-Mar-216,536.5312,436.6795.861,869.391,729.39
31-Mar-227,834.5518,030.63161.882,031.271,891.27
30-Sep-227,135.2110,471.59205.992,237.262,097.26
Amount in ₹ Lakhs

Objects of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objects: –

  1. Funding capital expenditure requirements towards purchase of machinery
  2. To meet the working capital requirements of the Company;
  3. General Corporate Purpose;
  4. To meet the Issue Expenses

Quality Foils (India) IPO Details

IPO DateMar 14, 2023 to Mar 16, 2023
Face Value₹10 per share
Price₹60 per share
Lot Size2000 Shares
Issue Size754,000 shares of ₹10
(aggregating up to ₹4.52 Cr)
Fresh Issue754,000 shares of ₹10
(aggregating up to ₹4.52 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME

Quality Foils (India) IPO Reservation

NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market Maker portion38,000 shares (KHAMBATTA SECURITIES LTD.)

Quality Foils India IPO Tentative Timetable

Quality Foils (India) IPO opens on Mar 14, 2023, and closes on Mar 16, 2023. The Quality Foils (India) IPO bid date is from Mar 14, 2023 10.00 A.M. to Mar 16, 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 14, 2023
Closing DateMar 16, 2023
Basis of AllotmentMar 21, 2023
Initiation of RefundsMar 22, 2023
Credit of Shares to DematMar 23, 2023
Listing DateMar 24, 2023

Quality Foils India IPO Lot Size

The Quality Foils (India) IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).

ApplicationLotsSharesAmount
Retail (Min)12000₹120,000
Retail (Max)12000₹120,000
HNI (Min)24,000₹240,000

Quality Foils (India) IPO Promoter Holding

Mr. Kuldip Bhargava and Mr. Tejasvi Bhargava are the Promoters of the company.

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Pre Issue Share Holding72.80%
Post Issue Share Holding

Quality Foils (India) IPO Prospectus

Company Contact Information

Quality Foils (India) Limited
3, Industrial Development Colony,
Hisar,
Haryana-125005
Phone: 01662-220327, 28
Email: [email protected]
Websitehttp://www.qualitygroup.in/

Quality Foils (India) IPO Registrar

Bigshare Services Pvt Ltd

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

Quality Foils India IPO Review

Issue Details

Quality Foils India IPO Review | This is an SME IPO of 754,000 equity shares of a face value of ₹10 aggregating up to ₹4.52 Crores. The issue is priced at ₹60 per share. 

 A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).And HNI (Min) is 2 lot of 4,000 shares at the price of ₹240,000

The IPO opens on Mar 14, 2023, and closes on Mar 16, 2023. And listing date is on Mar 24, 2023

The Company  Pre Issue Share Holding is 72.80% 

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Company Background

Quality Foils India IPO | Incorporated in 1990, Quality Foils (India) Limited is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. The company uses raw materials of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited.

Quality Foils is among India’s prospering manufacturers and exporters of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible hose pipes. The entity has over three decades of experience in manufacturing stainless steel products.

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The deliverables of Quality Foils (India) Limited are offered under the brand name “Quality”.

Quality Foils (India) Limited products are sold both in the domestic as well as international markets. The company have exported its products to more than seven countries, including Germany, the UK, the Philippines, Sri Lanka, Turkey, Poland and Bogota Colombia.

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Company Financial Details

Talking about the financials of the company has posted a turnover of ₹152.10 Cr with a net profit of ₹1.08 Cr in FY20. ₹124.36 Cr. with a net profit of ₹0.96 Cr. in FY21 and ₹180.30 Cr. with a net profit of ₹1.62 Cr. in FY22.

Talking about the EPS of the company, the company has posted a weighted average EPS of ₹9.35 for the last 3 years.

Summary of Financial Statement

Profit & Loss Account

EPS (Earning Per Shares)

RoNW

Conclusion

QFIL is a small company that makes cold-rolled SS pipes, coils, rolls, and stipes. Its performance has gone up every year … Read the Full IPO Review Here

Quality Foils India IPO Lead Manager(s)

  1. Khambatta Securities Limited (Past IPO Performance)
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SME IPO

Labelkraft Technologies IPO

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Labelkraft Technologies IPO

Labelkraft Technologies IPO | Incorporated in 2022, Labelkraft Technologies Limited is engaged in the business of providing barcode code solutions. The company offers services to many different segments of industries like FMCG, logistics service providers, chemicals, garments, etc.

Prior to the incorporation, the operations were run by the Promoter, Ranjeet Solanki via a proprietorship concern under the name of “Solanki Enterprises” since 1997.

The company has been established to fulfill the mission of offering reasonably priced barcode labels, printing, and solutions, keeping customer satisfaction at the foremost.

Labelkraft is committed to offering quality products, giving meticulous attention at each level, and providing ease in services. The company has established itself as a solution provider catering to the customers’ needs related to printing barcode ribbons, barcode labels, product labels, barcode printers, scanners, ID card printing products, Patient wrist bands, RFID products, and self-adhesive tape products.

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The products of Labelkraft Technologies Limited are applied and used by various industries for their multipurpose use including logistics, industrial packaging, etc.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
30-Nov-22587.1668.684.099.094.0967.10
Amount in ₹ Lakhs

Objects of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objectives:

  1. Funding Capital Expenditure towards the installation of additional plant and machinery
  2. Funding of Working capital requirements
  3. General Corporate Purpose
  4. Issue expenses.

Labelkraft Technologies IPO Details

IPO DateMar 13, 2023 to Mar 15, 2023
Face Value₹10 per share
Price₹55 per share
Lot Size2000 Shares
Issue Size864,000 shares of ₹10
(aggregating up to ₹4.75 Cr)
Fresh Issue864,000 shares of ₹10
(aggregating up to ₹4.75 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME

Labelkraft Technologies IPO Reservation

NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market Maker portion44,000 shares (HEM SECURITIES LTD.)

Labelkraft Technologies IPO Tentative Timetable

Labelkraft Technologies IPO opens on Mar 13, 2023, and closes on Mar 15, 2023. The Labelkraft Technologies 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

Labelkraft Technologies IPO Lot Size

The Labelkraft Technologies IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110,000).

ApplicationLotsSharesAmount
Retail (Min)12000₹110,000
Retail (Max)12000₹110,000
HNI (Min)24,000₹220,000

Labelkraft Technologies IPO Promoter Holding

Ranjeet Kumar Solanki is the Promoter of the company.

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Pre Issue Share Holding99.71%
Post Issue Share Holding73.16%

Labelkraft Technologies IPO Prospectus

Company Contact Information

Labelkraft Technologies Limited
14/12,
Jayachamarajendra Road,
Bengaluru – 560002
Phone: +91 080-40927665
Email: [email protected]
Websitehttp://www.labelkraft.com/

Labelkraft Technologies IPO Registrar

Bigshare Services Pvt Ltd

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

Labelkraft Technologies IPO Review

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Labelkraft Technologies IPO Lead Manager(s)

  1. Hem Securities Limited (Past IPO Performance)
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SME IPO

VELS Film International IPO

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VELS Film International IPO

VELS Film International IPO | Incorporated in 2019, VELS Film International Limited is primarily in the business of the production of films and the sale of film rights. The company is Promoted by Dr. Ishari K Ganesh who started the venture with the vision to produce feature films in various languages.

VELS Film is a member of the South Indian Film Chamber of Commerce. The company is growing at a fast pace as its contribution to the South Indian Film Industry is widening. The Tamil Film Industry is the third biggest film industry in India.

Since incorporation, VELS Film International Limited has produced the following movies:

  1. Mookuthi Amman
  2. Kutty Story
  3. Sumo
  4. Joshua Imai Pol Kaakha
  5. Vendhu Thanindhathu Kaadu

Some of the forthcoming projects, the company is associated with, are – Singapore Salon, Corona Kumar, and Chutney Sambar.

The company derives its strengths from the following factors:

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  • Experienced Directors and Management Team
  • Value of the “VELS” and “Dr. Ishari K. Ganesh” name
  • Distribution network
  • Growth Stage and visible revenue streams

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2212,090.062,717.92338.231,879.42929.42
30-Sep-2214,619.594,718.97134.002,013.421,063.42
Amount in ₹ Lakhs

Objects of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objectives: –

  1. Film production;
  2. General Corporate Purpose;
  3. To meet the Issue Expenses

VELS Film International IPO Details

IPO DateMar 10, 2023 to Mar 14, 2023
Face Value₹10 per share
Price₹99 per share
Lot Size1200 Shares
Issue Size3,408,000 shares of ₹10
(aggregating up to ₹33.74 Cr)
Fresh Issue3,408,000 shares of ₹10
(aggregating up to ₹33.74 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME

VELS Film International IPO Reservation

NII (HNI) Shares Offered50% of the Net Offer
Retail Shares Offered50% of the Net Offer
Market Maker portion172,800 shares (SS CORPORATE SECURITIES LIMITED)

VELS Film International IPO Tentative Timetable

VELS Film International IPO opens on Mar 10, 2023, and closes on Mar 14, 2023. The VELS Film International IPO bid date is from Mar 10, 2023 10.00 A.M. to Mar 14, 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 10, 2023
Closing DateMar 14, 2023
Basis of AllotmentMar 17, 2023
Initiation of RefundsMar 20, 2023
Credit of Shares to DematMar 21, 2023
Listing DateMar 22, 2023

VELS Film International IPO Lot Size

The VELS Film International IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹118,800).

ApplicationLotsSharesAmount
Retail (Min)11200₹118,800
Retail (Max)11200₹118,800
HNI (Min)22,400₹237,600

VELS Film International IPO Promoter Holding

Dr. Ishari Kadhirvelan Ganesh is the Promoter of the company.

Pre Issue Share Holding100%
Post Issue Share Holding

VELS Film International IPO Review

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VELS Film International IPO Prospectus

Company Contact Information

VELS Film International Limited
No. 521/2,
Anna Salai Nandanam,
Chennai – 600035
Phone: 044 24315541/ 542
Email: [email protected]
Websitehttp://www.velsfilminternational.com/

VELS Film International IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: [email protected]
Websitehttps://ipo.cameoindia.com/

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VELS Film International IPO Lead Manager(s)

  1. Khambatta Securities Limited (Past IPO Performance)
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SME IPO

Prospect Commodities IPO

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Prospect Commodities IPO

Prospect Commodities IPO | Incorporated in 2022, Prospect Commodities Limited is majorly into the international trade of “Agro Products”. The entity was recently incorporated as a company, earlier the operations were managed and controlled through the partnership firm under the name “M/s Fortune Exports”.

The Promoter and Managing Director of the company, Mr. Vimal Mishra has experience of over a decade in different fields which harnesses the company’s growth in the right direction.

Prospect Commodities Limited is in the business of trading cashew in the B2B Market. The entity sells the Cashews to wholesalers in the state of Gujarat. The cashews are packed in a tin of 10 KG. The Company buys RCN (Raw Cashew Nut) from Gujarat vendors itself, who are importing RCN from other countries and also from Kolam, Tuticorin, and Mangalore.

The products of Prospect include various grades of Cashews largely sold in Gujarat. These cashew grades are based on the size and color of the cashew nuts. The company has the following premium grades of Cashew to offer W400, W320, W240, W210, and W180.

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Cashew Nuts themselves are premium dry fruit and require multiple processing stages to be sold as a finished product. Before reaching the doorstep of the end customer, the nuts undergo a series of processes. Prospect Commodities Limited undertakes the following processes:

  1. Cleaning
  2. Boiling and Cooling
  3. De Shelling
  4. Drying
  5. Moisture and Peeling
  6. Sorting
  7. Drying
  8. Grading
  9. Manual Sorting and Grading
  10. Drying before Dispatch
  11. Packing and Dispatch

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-221.050.00-0.150.85-0.150.05
30-Nov-22977.07839.9852.85293.7052.70363.57
Amount in ₹ Lakhs

Objects of the Issue

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

  1. Repayment of Unsecured Loans
  2. Long-term working capital requirement
  3. General Corporate Purpose
  4. Meeting Public Issue Expenses.

Prospect Commodities IPO Details

IPO DateMar 8, 2023 to Mar 10, 2023
Face Value₹10 per share
Price₹61 per share
Lot Size2000 Shares
Issue Size1,226,000 shares of ₹10
(aggregating up to ₹7.48 Cr)
Fresh Issue1,226,000 shares of ₹10
(aggregating up to ₹7.48 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME

Prospect Commodities IPO Reservation

NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market Maker portion62,000 shares (BEELINE BROKING LTD.)

Prospect Commodities IPO Tentative Timetable

Prospect Commodities IPO opens on Mar 8, 2023, and closes on Mar 10, 2023. The Prospect Commodities IPO bid date is from Mar 8, 2023 10.00 A.M. to Mar 10, 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 8, 2023
Closing DateMar 10, 2023
Basis of AllotmentMar 15, 2023
Initiation of RefundsMar 16, 2023
Credit of Shares to DematMar 17, 2023
Listing DateMar 20, 2023

Prospect Commodities IPO Lot Size

The Prospect Commodities IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹122,000).

ApplicationLotsSharesAmount
Retail (Min)12000₹122,000
Retail (Max)12000₹122,000
HNI (Min)24,000₹244,000

Prospect Commodities IPO Promoter Holding

Vimal Mishra and Priyanka Mishra are the Promoters of the Company.

Pre Issue Share Holding88.44%
Post Issue Share Holding61.94%

Prospect Commodities IPO Prospectus

Company Contact Information

Prospect Commodities Limited
417, Sun Orbit B/h. Rajpath Club Road,
Bodakdev,
Ahmedabad – 380054
Phone: 079-48000696
Email: [email protected]
Websitehttp://www.prospectcommodities.com/

Prospect Commodities IPO Registrar

Bigshare Services Pvt Ltd

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

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Prospect Commodities IPO Review

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Prospect Commodities IPO Lead Manager(s)

  1. Interactive Financial Services Ltd (Past IPO Performance)
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SME IPO

Sudarshan Pharma Industries IPO

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Sudarshan Pharma Industries IPO

Sudarshan Pharma Industries IPO | Incorporated in 2008, Mumbai based Sudarshan Pharma Industries Limited (SPIL) has a contract manufacturing facility to source and supply generic formulations. It is also engaged in import & export activities, and supply of specialty chemicals, API (Active Pharmaceutical Ingredients), and Intermediates. Based on clients’ specifications and requirements, they outsource the manufacturing facility from the suppliers in India and abroad.

The generic products supplied by the company have a wide application in paint, food, pharma, and adhesive industry. The company is involved in a contract manufacturing facility, supply and outsource of medicines and pharma formulation to hospitals, NGO, government and healthcare institutes. SPIL has 50 pharma formulations which are supplied under the brand name in the form of tablets, ointment, capsules, and injectable.

The company has its own sales force and distribution network in 5 states for ethical marketing of pharmaceutical formulation & products under the brand name in Indian and international markets. It also offers formulation development and QC services and provides customised solutions.

The competitive strengths of the company are:

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1. Customer-centric and order-driven business model
2. Wide range of product offerings
3. Contract manufacturing facility arrangements
4. Strong distribution, marketing, and sales network
5. Diversified business operations

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-219,926.0219,372.82267.122,250.741,296.052,977.09
31-Mar-2213,752.1835,755.89530.372,977.532,002.633,059.24
30-Sep-2216,402.2219,589.87360.705,108.793,996.894,940.50
Amount in ₹ Lakhs

Objects of the Issue

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:

  1. Working Capital Requirements
  2. General Corporate Purposes.

Sudarshan Pharma Industries IPO Details

IPO DateMar 9, 2023 to Mar 14, 2023
Face Value₹10 per share
Price₹71 to ₹73 per share
Lot Size1600 Shares
Issue Size6,862,400 shares of ₹10
(aggregating up to ₹50.10 Cr)
Fresh Issue6,862,400 shares of ₹10
(aggregating up to ₹50.10 Cr)
Market Maker portion344,000 shares
Issue TypeBook Built Issue IPO
Listing AtBSE SME
P/E (x)13.22
QIB Shares OfferedNot more than 50% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
Market MakerGRETEX SHARE BROKING PVT. LTD.
Company PromotersMr. Hemal Vasantrai Mehta and Mr. Sachin Vasantrai Mehta are the Promoters of the company.

Sudarshan Pharma Industries IPO Tentative Timetable

Sudarshan Pharma Industries IPO opens on Mar 9, 2023, and closes on Mar 14, 2023. The Sudarshan Pharma Industries IPO bid date is from Mar 9, 2023 10.00 A.M. to Mar 14, 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 9, 2023
Closing DateMar 14, 2023
Basis of AllotmentMar 17, 2023
Initiation of RefundsMar 20, 2023
Credit of Shares to DematMar 21, 2023
Listing DateMar 22, 2023

Sudarshan Pharma Industries IPO Lot Size

The Sudarshan Pharma Industries IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹116,800).

ApplicationLotsSharesAmount
Retail (Min)11600₹116,800
Retail (Max)11600₹116,800
HNI (Min)23,200₹233,600

Sudarshan Pharma Industries IPO Promoter Holding

Pre Issue Share Holding80.28%
Post Issue Share Holding

Sudarshan Pharma Industries IPO Prospectus

Company Contact Information

Sudarshan Pharma Industries Ltd
301,3rd Floor, Aura Biplex,
Above Kalyan Jewellers S. V. Road, Borivali (West)
Mumbai – 400092
Phone: 022- 42221111
Email: [email protected]
Websitehttp://www.sudarshanpharma.com/

Sudarshan Pharma Industries IPO Registrar

KFin Technologies Limited

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

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Sudarshan Pharma Industries IPO Review

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Sudarshan Pharma Industries IPO Lead Manager(s)

  1. Gretex Corporate Services Pvt Ltd (Past IPO Performance)
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