Incorporated in 2011, Dipna PharmaChem Limited is engaged in the trading and distribution of a wide range of pharmaceutical raw materials which is also known as APIs (Active Pharmaceutical Ingredients), Excipient and chemical formulation products. The Company also started selling chemicals on a commission basis in the financial year 2022. The company conducts business in Ahmedabad and the surrounding area of Ahmedabad.
The company’s product portfolio comprises 61 AIPs and AIPs intermediates such as Cephalosporins, Cardiovascular, Anti – Bacteria, Quinolones, Veterinary, Anti – Virus, Anti – Inflammatory, Neuropsychiatry, Steroid Hormone.
The company is supplying raw materials to pharmaceutical industries and the pharmaceutical industry falls under the essential business list declared by the Government.
Naturo Indiabull IPO is into the business of the Fast-Moving Consumer Goods industry. The brand purchases a variety of products from manufacturers and sells them in its own brand directly to whole sellers and through agents.
Incorporated in 2016, Naturo Indiabull is in the business of the Fast-Moving Consumer Goods industry. The brand purchases a variety of products from manufacturers and sells them in its own brand directly to wholesellers and through agents.
It carries on the business of garments, textiles, jewellery, FMCG, Real Estate, Stone-Mines, Herbal Products, Automobile, Printing, Share Trading, providing education, Agriculture Seeds and Fertilizers, Hospitality, and Food items. It also trades in various health products and kits including sanitary towels, sanitary napkins, hand sanitiser, and other health kits. Currently, it is diversifying its product portfolio to health and herbal products i.e., soaps, shampoos, medicines, juices, tablets, etc.
Strengths:
A broad range of products helps to cater to a diversified customer base.
Incorporated in 1984, Rhetan TMT Limited manufactures TMT Bars and Round Bars which are primarily used in the construction industry. The company’s plant is located in Gujarat and is spread over 15,000 sq. yards. The company’s products have been used in the construction of dams, bridges, residential and commercial towers and major infrastructure projects in Gujarat.
Strengths:
Well educated and experienced management.
Group Synergies
Location of the Manufacturing Unit.
Objects of the Issue
Funding capital expenditure for expansion and modernization at 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat – 382715
Olatech solutions IPO is engaged in the business of Data Centre, Enterprise, Telecom and IT Software solutions in the OSS – BSS segment. The company’s software solutions are offered under the registered trademark “Epiphany”.
Incorporated in 2014, Olatech Solutions Limited is engaged in the business of Data Centre, Enterprise, Telecom and IT Software solutions in the OSS – BSS (Operations Support System and Business Support System) segment. The company’s software solutions are offered under the registered trademark “Epiphany”.
Olatech Solutions Limited offers software solutions such as NOC tools, Network Monitoring, Management & Analytics, System Integration Services, Telecom Tower Installation, Network Deployment, Server Virtualization Services, IT Equipment Installation and Management Services, Data Centre Infrastructure Management Solutions, etc. The company has clients across different verticals such as Telcos, ISPs, Enterprises, Data Centre Service Providers and Public Sector.
The company is an ISO 9001:2015 certified company for software development, hardware deployment services, telecom services of installation & commissioning, telecom projects, software training, and government & non-government IT projects.
Strengths:
Experienced Promoter and a well-trained employee base.
The company’s solutions are robust, trusted & industry proven.
After two months of drought, the IPO of Chennai-based engineering and design firm Syrma SGS Tech is expected to hit the public market on Friday 12th August. The public offering is open for bidding until August 18, 2022. Let’s have a look at Syrma SGS IPO review.
The company has already raised Rs 11 crores in 37.93 million shares before filing a prospectus for Red Herring through pre-IPO placement. The funding was offered at a price of INR 290 per share representing a 32% premium to the issue price of INR 220.
Syrma SGS Tech has fixed a price range of Rs 209 and Rs 220 per share. The issue includes a fresh sale of Rs 766 crore and an offer to sell 336,900 shares by existing shareholders. Investors can bid a lot size of 68 shares and he can bid in multiples thereof.
About the Syrma SGS Limited
Founded in 2004, Syrma SGS is a technology-oriented engineering and design company based in Chennai that provides turnkey electronic manufacturing (EMS) services and specializes in precision manufacturing. The company provides integrated services and solutions for original equipment manufacturers (OEMs), from the early stages of product design through mass production, joint concept generation, and product realization. They specialize in precision manufacturing for a variety of end-use industries including industrial equipment, automotive, healthcare, consumer products, and IT industries.
Their major clients include TVS Motor Company, AO Smith India Water Products, Robert Bosch Engineering, and Business Solution, Eureka Forbes, and Total Power Europe BV.
The company currently operates 11 manufacturing sites and 3 R&D facilities strategically located in Himachal Pradesh, Haryana, and Uttar Pradesh in northern India, and Tamil Nadu and Karnataka in southern India. The production facilities in Tamil Nadu are located in special economic zones and that in Haryana was established under the Electronic Hardware Technology Park program. This allows the company to enjoy tax and other benefits. Of the 3 R&D facilities, two are in Chennai and Gurgaon and one in Stuttgart, Germany.
Syrma SGS IPO: Product Portfolio
Assembled Printed Circuit Boards (PCBA)
RFID (Radio Frequency Identification) products.
Electromagnetic and electromechanical parts
Motherboard and memory Products – DRAM Modules, Solid State, and USB Drives.
Objects of the Syrma SGS IPO issue
The respective portion of the proceeds from the Offer for Sale (which is, proceeds from the offer for sale of 3,369,360 Equity Shares) shall be received by Veena Kumari Tandon (Selling Shareholder).
The Company proposes to use the net proceeds from the fresh issue to finance the following items:
Funding the investment needs associated with the development of R&D facilities and expansion or new manufacturing facilities
• Consistent course record of financial performance.
• Diversification, continuous evolution, and expansion of product portfolio and service offerings to customers across multiple industries, supported by strong R&D capabilities.
• Established relationships with reputable clients from various countries.
• State-of-the-art manufacturing capabilities and support of a global supplier network.
• Experienced promoters supported by a proven senior management team
Syrma SGS IPO Details
Syrma SGS Technology Ltd has filed for an IPO with SEBI which comprises a fresh issue of 926 lakh shares. The Chennai-based engineering and design firm Syrma SGS Tech IPO is expected to hit the public market on Friday 12th August. The public offering is open for bidding until August 18, 2022. Syrma SGS Technology IPO price has been fixed in a range of Rs 209 and Rs 220 per share. The issue includes a fresh sale of Rs 766 crores and an offer to sell 336,900 shares by existing shareholders. Investors can bid lot size of 68 shares, and thereafter they can bid in multiples thereof.
Check the tables of Syrma SGS technology IPO details below for more knowledge.
Syrma SGS IPO Date
Aug 12, 2022, to Aug 18, 2022
Syrma IPO Face Value
₹10 per share
Syrma SGS Technology Share Price
₹209 to ₹220 per share
Syrma IPO Lot Size
68 Shares
Issue Size
[.] shares of ₹10 (aggregating up to ₹840.00 Cr)
Fresh Issue
[.] shares of ₹10 (aggregating up to ₹766.00 Cr)
Offer for Sale
3,369,360 shares of ₹10 (aggregating up to ₹ [.] Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Company Promoters
The promoters of the company are Sandeep Tandon, Jasbir Singh Gujral, Veena Kumari Tandon, and Tancom Electronics Private Limited. Promoters collectively hold 58.78% of the Equity Share as of Dec 31st, 2021.
The Syrma IPO lot size is 68 shares. A retail-individual investor can apply for up to 13 lots (884 shares or ₹194,480).
Syrma’s IPO will start on August 12, 2022, and close on August 18, 2022. The bidding will start at 10:00 AM on 12 August and close at 5:00 PM on 18 August. The deadline for confirmation of the UPI delegation is 12:00 PM.
Event
Date
IPO Opening Date
Aug 12, 2022
IPO Closing Date
Aug 18, 2022
IPO Allotment Date
Aug 23, 2022
Initiation of Refunds
Aug 24, 2022
The credit of Shares to Demat
Aug 25, 2022
IPO Listing Date
Aug 26, 2022
Syrma SGS IPO Strengths and Opportunities
Leading design and electronic manufacturing services companies in terms of revenue in Fiscal 2021
Low Company Debt
Aims to strengthen its core competitiveness of technology innovations
Pursue inorganic growth through strategic acquisitions
Aims to expand its customer base and geographic reach
Increase wallet share from existing customers
Risk Factors
No long-term commitments with customers
Declining Net Cash Flow
Low Piotroski score: Companies with weak financials
Financial Trends Of Syrma SGS IPO
Syrma reported a 16.6% increase in pro forma profit for the year ended March 2022, surpassing the previous year’s Rs 7.646 crores on strong sales and operational performance.
The company reports revenue of Rs 39.708 crore, Rs 43.830 crore, and Rs 64.626 crore for FY20, 21, and 22 respectively. The Company’s Revenue increased at a CAGR of 27.56%. This is an excellent number.
In FY20, FY21, and FY22, Rs.332.09 crore, Rs.306.97 crore, and Rs.353.94 crore accounted for 83.63%, 70.04%, and 54.77% of export operating profit respectively.
The company reported -EBITDA of Rs.69.90 crore, Rs.52.93 crore, and Rs.64.77 crore for FY20, FY21, and FY22 respectively, with EBITDA margins of 17.60%, 12.08%, and 10.02% respectively for the same period.
Profits have declined over the past two years. Profits have decreased from his Rs 4.388 crore in 2020 to Rs. 3.061 crores in 2022. The Net profit reported in FY21 was the lowest at Rs 2.862 billion. Earnings decreased as margins declined.
The profit margins for FY2020, FY21 and FY22 were 11.05%, 6.53%, and 4.74% respectively.
The average EPS over the last three fiscal years is 5.18 and the average RoNW is 14.85%.
Summarized Balance Sheet
Particulars
Mar’22
Mar’21
Mar’20
Liabilities
12 Months
12 Months
12 Months
Share Capital
141.12
.75
.70
Reserves & Surplus
402.77
237.42
101.00
Net Worth
543.89
238.17
101.70
Secured Loan
132.59
56.12
83.80
Unsecured Loan
.00
.00
.00
TOTAL LIABILITIES
676.48
294.29
185.51
Assets
Gross Block
140.82
97.55
93.38
(-) Acc. Depreciation
26.82
16.18
6.90
Net Block
114.00
81.37
86.48
Capital Work in Progress
39.93
.00
.43
Investments
404.47
88.74
.00
Inventories
114.79
77.08
68.22
Sundry Debtors
171.79
127.87
116.36
Cash and Bank
11.20
30.21
35.17
Loans and Advances
58.54
54.74
40.04
Total Current Assets
356.33
289.90
259.79
Current Liabilities
231.36
159.68
156.09
Provisions
6.89
6.04
5.10
Total Current Liabilities
238.24
165.72
161.19
NET CURRENT ASSETS
118.08
124.18
98.60
Misc. Expenses
.00
.00
.00
TOTAL ASSETS(A+B+C+D+E)
676.48
294.29
185.51
Rs (in Crores)
Comparison with Peers
The company has two major listed competitors – Dixon Technologies Limited and Amber Enterprises India Limited.
Here’s how Syrma compares to the above-mentioned companies:
Syrma’s total revenue is one-ninth that of Dixon Technologies and one-third that of Amber Enterprises.
Syrma has the lowest earnings per share (EPS) at 5.25, and the other two EPS are in their thirties.
The industry generally has a high PE ratio. Syrma has a PE of 50.69, Dixon has a PE of 110.76 and Amber has a PE of 75.54.
FAQs
What is the lot size for Syrma SGS Technology IPO?
The lot size for Syrma SGS technology IPO is 68 shares.
Syrma SGS Technology IPO date: When does it open for subscription?
Syrma SGS Technology IPO date is on 12th August 2022. It’s going to open for subscription on 12th August 2022
When is Syrma SGS Technology IPO going to get listed?
Shares of Syrma SGS Technology are proposed to list on BSE and NSE on 26th August 2022.
What will be Syrma SGS Technology IPO issue size?
The company aims to generate ₹840 crores from this public issue including a fresh sale of Rs 766 crores and an offer to sell 336,900 shares by existing shareholders.
Syrma SGS IPO Promoters
Sandeep Tandon
Jasbir Singh Gujral
Veena Kumari Tandon and
Tancom Electronics Private Limited.
The promoters collectively hold 58.78% of the Equity Share as of Dec 31st, 2021.
Company’s Contact
Syrma SGS Technology Ltd Plot B27, Phase II, Zone B, MEPZ-SEZ, Sanatorium, Tambaram, Chennai 600 045 Phone: 022 40363000 Email: compliance@syrmasgs.com Website: https://syrmasgs.com/
Incorporated in 1985, Veekayem Fashion and Apparels Limited is engaged in the business of weaving and garment manufacturing. The company’s product portfolio includes two main product categories: Textile the company manufactures Greige Fabrics including 100% Cotton – Lycra and Non-Lycra, Giza, Supima, Blended Cotton Suiting – Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen and Garments the company manufacture all types of readymade garments for Both the gender, such as formal shirts, cotton shirts, formal trousers, cotton trousers, cotton joggers, cotton shorts, pyjamas and Bermuda.
Veekayem Fashion’s manufacturing facility is situated at Umargaon in the state of Gujarat. The manufacturing facility is installed with automated machinery capable of manufacturing 5,00,000 meters of fabric per month and 1,50,000 pcs of readymade garments per month.
Strengths:
Consistency in Quality and Service Standards.
Scalable Business Model.
Product mix and Market mix.
Cost-effective production and timely fulfilment of orders.
Experienced management and dedicated employee base.
Dream folks Services is India’s largest airport service aggregator platform, providing passengers with an enhanced airport experience via a technology-driven platform. On a unified technology platform, its asset-light business model integrates card networks, card issuers, and other corporate clients with various airport lounge operators and other airport-related service providers.
Shares of the largest airport service aggregator platform Dream Folks Services made a strong debut on 6th August, trading at a premium of more than 56% to their issue price. The stock was listed at Rs 508.70 per share on the NSE, representing a gain of 56.04%from its offer price of Rs 326.00, while it opened at Rs 505.00 on the BSE, representing a gain of 54.91 % from the issue price.
Earlier on the last day of the subscription, August 26th, Dream Folks IPO was subscribed to 56.68 times. The issue received bids for 53,74,97,212 shares versus the offer of 94,83,302 shares. Qualified Institutional Buyers (QIBs) received 70.53 times subscription, the category for retail investors was bid 43.66 times and non-institutional investors (NIIs) 37.66 times.
The IPO was entirely an offer for sale (OFS) of 1,72,42,368 equity shares by promoters Liberatha Peter Kallat, Dinesh Nagpal and Mukesh Yadav. The public offering will account for 33% of the company’s post-offer paid-up equity share capital.
IPO Issue Opening Date
24 Aug 2022
IPO Issue Closing Date
26 Aug 2022
Face value
INR 2 Per Share
IPO Issue Price
INR 308 – 326 per share
IPO Listing Price
508.7
Document Links
DRHP, RHP
IPO Listing At
NSE, BSE
Offer for Sale
1,72,42,368 Shares
IPO Size
INR 562 Cr
Dream Folks IPO –Industry Overview
According to the World Economic Outlook (WEO) released by the International Monetary Fund (IMF) in April 2022, the global economy grew by 6.1% in CY 2021 and is expected to grow by 3.6% in CY 2022.The global aviation sector took a hit because of the COVID-19-induced lockdowns, but the recovery phase has begun. Global airlines intend to resume their long-haul, specially driven routes. This is also true for the Indian domestic market; it is worth noting that a few Indian Tier-2 and Tier-3 airports have surpassed pre-COVID traffic numbers.
Growing markets in India and South Asia are some of the key drivers of growth in the Asian aviation sector. South Asia is expected to have a 6.6% passenger growth rate until 2040. Because of India’s presence, the passenger growth prospects in this region are thought to be promising. The Indian economy is expected to grow at a CAGR of 5.1% between 2021 and 2040, with demographic factors and a high propensity to travel within India accelerating growth in the Indian aviation market
Airport infrastructure policies and the imposition of regulations to support the aviation sector are expected to be key drivers for this market. The implementation of Project UDAN is expected to be one of the key contributing factors to the growth of Indian Aviation Industry.
Dream Folks is a dominant player and India’s largest airport service aggregator platform, enabling passengers to have a better airport experience by leveraging a technology-driven platform. Dream Folks provides airport-related services such as (i) lounges, (ii) food and beverage, (iii) spa, (iv) meet and assist, (v), airport transfer, (vi) transit hotels / nap room access, and (vii) baggage transfer (collectively, the Services).
Dream Folks began operations in 2013 by facilitating lounge access services for Mastercard consumers and now provides services to all of India’s Card Networks, including Visa, Mastercard, Diners/Discover, and RuPay, as well as many of India’s prominent Card Issuers, including ICICI Bank Limited, Axis Bank Limited, Kotak Mahindra Bank Limited, and many more. Dream Folks have evolved from an airport lounge access aggregator to an end-to-end technology solutions provider, designing and delivering services that improve the airport experience.
Dream Folks IPO – India’s Air Traffic Growth
The CAGR for the domestic air travel industry was 12% between 2015 and 2019. However, with the onset of COVID-19, the Indian aviation market is expected to recover in a linear fashion.
The CAGR for international air travel was 6% between 2015 and 2019. India’s international air passenger traffic increased from 18.42 million in 2015 to 24 million in 2019. In a normal scenario, the number of international air passengers in 2019 would have surpassed 25 million (2018 figures). However, COVID-19 had an impact on international air travel in the second half of 2019 and will continue to do so in 2020, 2021, and 2022. This is a temporary decrease in international air travel passengers, and the market is expected to return to pre-COVID-19 levels by 2024-25.
Dream Folks IPO – Valuation & Margins
Dream Folks – Valuation
Dream Folks IPO – Management
Liberatha Peter Kallat, company’s Promoter and Managing Director, is 46 years old. On November 30, 2021, she was appointed as our Company’s Chairperson. She graduated from Andhra University with a bachelor’s degree in science. She has been with our company since 2014 and is responsible for our company’s strategy and overall management.
Mukesh Yadav, 51, is the Company’s Promoter and Non-Executive Director. He has worked for our company since 2011. He has over 20 years of experience and has served on the boards of Whistling Heights Resorts Private Limited, Urban Land Management Private Limited, and Yashna Infratech Private Limited.
Dinesh Nagpal, 56, is the Company’s Promoter and Non-Executive Director. He graduated with honors from Maharshi Dayanand University in Rohtak. He has worked for our company since 2011. He has been involved with the ‘Amangani Peaceful Homes’ residential project in Rewari, Gurugram.
Dream Folks has industry experience from executive directors like Balaji Srinivasan and independent directors like Sharadchandra Damodar Abhyankar, Aditi Balbir, and Sudhir Jain.
Dream Folks IPO – Proceedings
The book build issue is a 100% offer for sale (OFS), which means that Dream folks’ IPO proceeds will go directly to the promoters’ pockets. The public offering will account for 33% of the company’s post-offer paid-up equity share capital.
Dream Folks IPO – Strengths
As on March 31, 2022, Dream Folks Service Limited has an exclusive arrangement at 12 lounges across 11 airports in India.
Dream Folks offers consumers access to 1,416 touchpoints (service fulfilment points) in 121 countries, including India
Its clients include some of India’s largest card issuers, such as ICICI Bank, Axis Bank, Kotak Mahindra Bank and many more.
Around 34% of the lounges in India have been associated with Dream Folks for over six years
Dream folks is not required to incur direct customer acquisition cos as it is borne by its client partners
Experienced promoters and management team with strong domain expertise
Dream Folks IPO – Risk & Threats
Any downturn in the travel industry, such as Covid, can have a negative impact on its business.
In FY22, the top five clients accounted for 81.8% of revenue. The industry is highly dependent on loyal clients.
Dream Folks is up against large global players with extensive experiences, such as Priority Pass who is a global leader in the industry.
Dream Folks Registrar
Link In time India Private Ltd Phone: +91-22-4918 6270 Email: dreamfolks.ipo@linkintime.co.in Website: https://linkintime.co.in/
Upsurge seeds of agriculture IPO (USA) is a seeds manufacturing company engaged in the business of growing, developing, processing and marketing of a variety of seeds for a range of field crops and vegetables.
Upsurge seeds of agriculture IPO – overview
IPO Dates
29 Jul -02 Aug 2022
IPO Price
INR 120 per share
Fresh issue
1,900,800 shares (INR 22.81 crore)
Offer For Sale
Nil
Total IPO size
1,900,800 shares (INR 22.81 crore)
Minimum bid (lot size)
1200 shares
Face Value
INR 10 per share
Retail Allocation
50%
Listing On
NSE Emerge
Upsurge seeds of agriculture IPO -Tentative Dates
IPOOffer Opening Date
29 July 2022
IPO Closing Date
02 August 2022
Finalisation of Basis of Allotment
05 August 2022
Initiation of refunds
08 August 2022
Transfer of shares to demat accounts
10 August 2022
IPO Listing Date
11 August 2022
Opening Price on NSE SME
Coming soon
Closing Price on NSE SME
Coming soon
Company Overview
Incorporated in 2017, Upsurge Seeds of Agriculture Limited (USA) is a seeds manufacturing company engaged in the business of growing, developing, processing and marketing of variety of seeds for a range of field crops and vegetables. The company has a processing unit, which is equipped with modern technology and is spread across an area of more than 45,000 sq. feet, situated at Kuvadva, Rajkot.
The company sells its seeds under the brand name “USA seeds”. As of March 31, 2022, Upsurge Seeds of Agriculture Limited has produced seeds for more than 40 different field crops and vegetables and have operations across India covering Gujarat, Maharashtra, and Rajasthan with more than 75 varieties of Crops.
The company’s product portfolio includes crop seeds for Groundnut, Wheat, Cumin, Green Gram, Black Gram and vegetable seeds for Onion, Coriander Seeds, Fenugreek etc.
Strengths:
Wide Range of Seeds and its Variants
Quality Assurance
Customer Satisfaction
Experienced Promoter supported by dedicated Management team
Proven track record of robust financial performance
Incorporated in 1995, Agni Green Power Limited is engaged in the business of executing turn-key solar PV power plant projects. The company has two lines of business, including solar power plant designing, engineering, supply, procurement, and construction, installation and commissioning (I&C), and maintenance services and Manufacturing, Assembling of Solar Lighting Systems and other Solar Products. The company has a footprint through four branch offices in Chhattisgarh, Assam, Mizoram and Tripura.
Agni Green Power Limited also manufacture Solar Home Lighting Systems, Solar Street Lighting System, Solar Power Conditioning Unit, Solar Inverter (Hybrid & Grid Connected), Solar Maximum Power Point Tracking (MPPT) Charger, Remote Monitoring and Diagnostic System, Solar Photovoltaic Junction Box, Control Panel, Digital DC Energy Meter, Solar Adapter and Solar Pump Controller etc.
The company has an R&D facility to research and develop new indigenous products. Agni is an ISO 9001:2015, 14000:2015 and OHSAS 18001:2007 certified organization.
Strengths:
Wide Range of Seeds and its Variants
Quality Assurance
Customer Satisfaction
Experienced Promoter supported by dedicated Management team
Proven track record of robust financial performance
Objects of the Issue
Funding working capital requirements.
General corporate purposes.
Company Financials
Particulars
31-Jan-22
31-March -21
31-March-20
Total Assets
4404.55
4648.97
4530.39
Total Revenue
711.81
3526.79
2324.05
Profit After Tax
7.13
10.56
10.25
Company Contact Information
Agni Green Power Limited 114, Rajdanga Gold Park, Piyali Apartment, 1st Floor, South Parganas, Kolkata-700107 Phone: +91 93324 41988 Email: cs@agnipower.com Website: https://www.agnipower.com/
Healthy Life Agritec IPO is engaged in the business of trading Raw Milk, Chicken and Agro Products in the state of Maharashtra and Karnataka. The company has procurement partners, to coordinate the milk procurement process with milk farmers and supply Raw milk to milk wholesalers in the state of Maharashtra.
The company sells milk powder, bakery goods, buttermilk, yogurt, butter, cheese, paneer, milk cream, dips, custard, ghee, and juices under the brand name Healthy Life.
Healthy Life Agritec also procures poultry from poultry growers in the state of Maharashtra and Karnataka and supplies poultry to chicken wholesalers in the state of Maharashtra and Karnataka. The company’s products are certified with ISO 9001:2015.
Strengths:
Organization stability, Rich management experience and skilled team.
