Nakoda Group of Industries IPO is set to make its debut on 23rd May 18 with 6.48 Cr s engaged in manufacturing tutti fruity (Diced Chelory) also called Papaya Preserve and canned fruit cubes which comes under the category of bakery products.
Nakoda Group of Industries IPO – overview
| IPO Dates | 23-29 May 18 |
| IPO Price | INR 35 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,852,00 shares (INR 6.48 crore) |
| Minimum bid (lot size) | 4000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Company Overview
Incorporated in the year 2013, Nagpur, Maharashtra based Nakoda Group of Industries Limited is engaged in manufacturing tutti fruity (Diced Chelory) also called Papaya Preserve and canned fruit cubes which comes under the category of bakery products. The company is also engaged in the processing of almonds and trading of sesame seeds, clove, cut peel murabba, karonda, daalchini and toor daal.
As of March 2017, the company’s revenue from almond processing consists of 45.93%, manufacturing of tutti fruity consists of 23.92% and from trading consist of 30.14%. Out of the total revenue generated from manufacturing of Tutti Fruity i.e., 553.58 lakhs, 61.36% is generated from Exporting to London, Malaysia, Dubai, Saudi Arab and 38.64% is from the domestic sale.
On 18 July 2016, Nakoda Group of Industries Limited took over the running business of M/s. Navkar Processors the sole proprietorship concern of the promoter Pravin Choudhary and subsequently
the business of this proprietorship concern was merged into the Company. The manufacturing units of the company are in Nagpur.
The company has 16 employees at the Registered Office and Manufacturing Unit.
Objects of the Issue
1. Purchase of Plant and Machinery
2. Working Capital Requirement
3. General Corporate Purpose
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 3,415.44 | 2,784.96 | 57.95 |
| Total Revenue | 4,394.75 | 2,378.62 | — |
| Profit After Tax | 99.48 | 48.24 | — |
Company Contact Information
Nakoda Group of Industries Limited
239,
Bagad Ganj,
Nagpur 440008
Phone: +91 0712 2778824
Email: info@nakodas.com
Website: http://www.nakodas.com
Nakoda Group of Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Nakoda Group of Industries IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
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