Felix Industries Ltd is an environmental conservation company based in Ahmedabad, Gujarat, which was incorporated in 2012. The company’s vision is to “Recycle-Reuse-Recover-Reduce.” Its business segments include Water and Waste Water Recycling, Industrial Piping, Nano Products (Membrane Technologies), and E-waste Recycling. Felix provides water treatment services to various industries such as steel, chemical, pharmaceutical, plastic, paper & pulp, leather, automotive, textile & dyes, food, and dairy through its water treatment division.
Felix is also a government-approved e-waste recycling company that has a processing capacity of 6000 MT per year. It has one of the largest recycling capacities in India. The company’s plant, located in Electronic Estate, Gandhinagar, processes e-waste collected from all over India. The plant carries out activities such as e-waste collection, storage, dismantling, and segregation.
Felix Industries IPO Details
| IPO Date | Nov 23, 2017 to Nov 27, 2017 |
| Listing Date | Dec 5, 2017 |
| Face Value | ₹10 per share |
| Price | ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,368,000 shares (aggregating up to ₹4.79 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Felix Industries IPO Listing Details
| Listing Date | Dec 5, 2017 |
| BSE Script Code | |
| NSE Symbol | FELIX |
| ISIN | INE901X01013 |
| Final Issue Price | ₹35 per share |
Industry Overview
The water treatment segment is one of the significant contributors to the industry, driven by the increasing demand for clean water due to the growing population and industrialization. The waste management segment is also gaining traction, primarily due to the increasing generation of waste and the need to adopt sustainable waste management practices. The recycling segment is also growing due to the growing awareness of the need to recycle and the increasing demand for recycled products.
The industry’s future growth prospects are promising, with governments across the world focusing on environmental conservation and sustainable development. The increasing adoption of advanced technologies and the rising demand for green energy sources are expected to drive the industry’s growth.
Company Financials
| Company consolidated financial performance (in INR lakh) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | 7M FY2018 | ||
| Total revenue | 412.8 | 292.1 | 328.5 | 519.1 | 345.9 | |
| Total expenses | 405.9 | 286.0 | 305.9 | 493.2 | 311.5 | |
| Profit after tax | 5.0 | 4.2 | 11.0 | 17.2 | 23.3 | |
Objects of the Issue
The net proceeds from the issue are proposed to be utilized by the company for the following objects:
1. Building & Construction Cost;
2. Procurement of Machineries;
3. Furniture and Fixtures
4. Working Capital Requirement
5. General Corporate Purpose
6. Issue Expense
Felix Industries IPO Prospectus
Company Contact Information
Felix Industries Limited
208, Devshruti Complex, Opp. Medisurge Hospital,
Nr. Mithakhali Cross Road,
Ellisbridge, Ahmedabad 380006
Phone: +91 79 26463658 / 59
Email: hena.shah@felixindustries.co
Website: http://www.felixindustries.co/
Felix Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: hena.shah@felixindustries.co
Website: https://www.bigshareonline.com/
Felix Industries IPO Lead Manager(s)
- Monarch Networth Capital Ltd (Past IPO Performance)
