Nouritrans Exim Ltd IPO is about to debut on 04 September 2017, with an issue size of 6.12CR. Nouritrans Exim Ltd (NEL), established in 1995, operates in the commodities trading industry, specifically dealing in exports and imports. The company has a global presence across the USA, UK, Europe, South Africa and the Middle East, and is recognized as an International Commodity Export-Import & Trading company, possessing an APEDA certificate. NEL’s product portfolio comprises a range of agro-based products and scraps. Through the years, NEL has established itself as a prominent Import-Export & Trading Company, catering to both international and domestic clientele. The company launched the “Al-Ayman” brand in 2009, which includes Basmati Rice, Wheat Flour, Sunflower Oil, Mango Pulp and Canned Vegetables in their product range.
Industry Overview
India’s Foreign Trade Policy (FTP) is formulated every five years with annual reviews, and aims to provide a framework of rules and procedures for exports and imports, and incentives to promote exports. As India’s economy became more competitive globally, exports grew remarkably, but the growing merchandise trade deficit has set alarm bells ringing. The FTP for 2015-2020 aims to promote exports and make imports more focused and rational while building synergies with initiatives such as “Make in India,” “Digital India,” and “Skills India.” The policy outlines a vision, goals, objectives, strategies, and a framework of incentives.
Nouritrans Exim IPO Details
IPO Date | Sep 4, 2017 to Sep 7, 2017 |
Listing Date | Sep 15, 2017 |
Face Value | ₹10 per share |
Price | ₹30 per share |
Lot Size | 4000 Shares |
Total Issue Size | 2,040,000 shares(aggregating up to ₹6.12 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Company Financials
FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
Total revenue | 96.6 | 118.9 | 418.0 | 634.9 | 1,160.0 | |
Total expenses | 95.9 | 118.2 | 408.9 | 625.3 | 1,119.0 | |
Profit after tax | 0.5 | 0.5 | 5.1 | 5.9 | 30.4 |
Objects of the Issue
The object of the issue are:
1. To meet working capital requirement;
2. General corporate expenses; and
3. To meet the expenses of the Issue
Nouritrans Exim IPO Prospectus
Company Contact Information
Nouritrans Exim Ltd
101/17 Premier Shopping Centre,
Mirzapur Road,
Ahmedabad 380001
Phone: +91 79 25622811
Email: cs@neplexport.com
Website: http://www.neplexport.com
Nouritrans Exim IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nouritrans.ipo@karvy.com
Website: https://karisma.kfintech.com/
Nouritrans Exim IPO Lead Manager(s)
- First Overseas Capital Limited (Past IPO Performance)