IPO, Buyback, Rights Issue, NCD's Latest Information| TradingBuzz₹

GAIL (INDIA) LIMITED BUYBACK DETAIL

BuyBacks

-

May 16, 2022

GAIL (India) Limited is a government-owned Public Sector Undertaking company. It is engaged in the business of natural gas production, trading, and transmission. GAIL (India) Limited also does the exploration of natural gas along with petrochemicals. It carries out its business venture in LPG, Liquid Hydrocarbons, LNG re-gasification, etc. Checkout Gail (India) Limited buyback 2022 price, size, buyback acceptance ratio and more details.

GAIL (India) Limited owns and operates a huge network of Natural Gas pipelines. It is around 13,340 km. GAIL (India) Limited was established in 1984. It is the leading natural gas company in the country. It is also the biggest company engaged in the natural gas value chain business.

GAIL (India) Limited operates under the Ministry of Petroleum and Natural Gas. The company motto is to “optimize the effective and economic use of Natural Gas and its fractions for the benefit of the national economy.”

It also operates and owns two LPG pipelines of 2000 km. It also holds 6 gas processing and filtration plants. The combined production capacity of GAIL is 1.3 MMTPA. GAIL (India) Limited also has a huge production capacity for its gas-based integrated petrochemical plant. It is 810,000 TPA.

OBJECTIVE OF THE BUYBACK OFFER:

The company stated that the necessity of the Buyback Issue aims at the following:

The company’s policy is to distribute its surplus funds in favor of the shareholders and increase and improve the overall Return of the shareholders.
To improve their financial ratios and other operational ratios such as Earnings per share (EPS), Return on Equity (ROE), Return on Capital Employed (RoCE), and Return on assets (ROA).

GAIL (INDIA) LIMITED BUYBACK DETAIL:

The company stated that the buyback offer of the equity shares would be a Tender Offer. It is as per the Buyback Regulations. The regulations have been stated by the company and the guidelines of SEBI. It also stated that the reservation of the small shareholders would be defined. It has been defined as per the Buy-back Regulations.

The company board recently approved the proposal of a buyback of 5,69,85,463 equity shares of the company. The buyback price is Rs. 140 for every equity share. The company stated that its buyback offer would be around 1.28 % of its total fully paid-up equity capital base. Check Day by Day IPO Subscription Details (Live Status)

Issue Period	From May 25, 2022, to June 7, 2022
Security Name	GAIL (India) Limited
Issue Type	Tender Offer
Issue Size (Shares)	5,69,85,463 equity shares
Issue Size (Amount)	Rs. 1,082.72 crores
Buyback Offer Size:	1.28%
Buyback Price	Rs. 190 per equity share
Face Value of the Equity Share	Rs. 10 per equity share
Listing At	BSE, NSE
Record Date for the offer	April 22, 2022
Last Date for receipt of Tender Forms	June 14, 2022
Finalisation of the Buyback Acceptance from the company	June 15, 2022
Last Date for settlement of the bids	June 16, 2022
Last Date for Extinguishment of Shares	June 23, 2022
Board Meeting for Buyback Proposal	March 31, 2022
Buyback Approval Date	March 31, 2022
Public Announcement of Buyback	April 4, 2022
GAIL Buyback Record Date	April 22, 2022
Cut-off Date to receive completed tender forms by Registrar	June 9, 2022

BUYBACK RATIO:

Category	Entitlement Ratio of Buyback	Entitlement Ratio as in %
Reserved Category for the Small Shareholders of the company	2 Equity Shares out of every 25 equity shares held as of the record date for the buyback offer.	8%
General Category that is been eligible for all other Shareholders	2 Equity Shares out of every 179 equity shares held as of the record date for the buyback offer.	1.12%

FINANCIAL TRENDS OF THE COMPANY:

Particulars	For the year ending with the amount as in Rs. Crores
	31 March 21	31 March 20	31 March 19
Total Income	58,742.25	73,293.19	76,671.57
Profit After Tax	4,890.18	6,620.63	6,025.67
Net Worth	43,378.72	41,949.79	39,202.06
Reserves and Surplus	38,938.33	37,439.65	36,946.99

PARAMETER	MARCH 21	MARCH 20	YoY %
Earnings Per Share (Rs)	13.82	20.89	-33.85
CEPS (Rs)	14.87	20.73	-28.27
DPS (Rs)	5.00	6.40	-21.88
Book NAV/Share (Rs)	119.77	109.24	9.64
Tax Rate (%)	26.33	11.17	135.63
Core EBITDA Margin (%)	12.61	12.17	3.61
EBIT Margin (%)	10.78	11.70	-7.87
Pre – Tax Margin (%)	10.47	11.27	-7.16
PAT Margin (%)	7.71	10.01	-23.00
Cash Profit Margin (%)	11.50	12.88	-10.75
ROA (%)	5.54	9.86	-43.85
ROE (%)	8.64	15.26	-43.34
ROCE (%)	10.64	16.31	-34.72
Asset Turnover (x)	0.72	0.99	-27.08
Sales/Fixed Asset (x)	1.14	1.67	-31.57
Working Capital/Sales (x)	-34.08	-88.59	61.53
Fixed Capital/Sales (x)	0.87	0.60	46.14
Receivable days	26.44	23.09	14.52
Inventory Days	19.62	14.30	37.21
Payable days	34.96	25.03	39.67
PER (x)	9.81	3.66	168.03
PCE (x)	9.12	3.69	147.17
Price/Book (x)	1.13	0.70	61.72
Yield (%)	3.69	8.37	-55.94
EV/Net Sales (x)	1.14	0.55	107.18
EV/Core EBITDA (x)	7.82	3.77	107.17
EV/EBIT (x)	10.56	4.70	124.84
EV/CE (x)	0.79	0.52	51.80
M Cap / Sales	1.05	0.48	120.65
Net Sales Growth (%)	-20.89	-4.82	-333.33
Core EBITDA Growth (%)	-20.88	-2.85	-632.08
EBIT Growth (%)	-27.10	-7.86	-244.98
PAT Growth (%)	-39.07	25.80	-251.46
EPS Growth (%)	-33.85	-28.03	-20.77
Total Debt/Equity (x)	0.14	0.14	0.37
Current Ratio (x)	0.87	0.93	-7.34
Quick Ratio (x)	0.63	0.68	-7.60
Interest Cover (x)	34.53	27.49	25.63
Total Debt/Market cap (x)	0.12	0.19	-37.96

WORKING CALCULATION OF PROFIT AS PER THE ACCEPTANCE RATIO:

The maximum market value of a shareholder that is eligible for a buyback offer as on the record date	Rs 2,00,000
The company has decided on the buyback price	Rs. 190
Maximum shares for small shareholders as per the buyback price (2,00,000/190) 1,052 equity shares of the company	1,052 equity shares of the company
The closing price of the stock for consideration of the profit from the buyback	Rs. 155.00
Maximum amount invested in buyback as per the closing price above considered (126.75 x 1,052 shares)	Rs. 1,63,796

The profit that can be from Filatex Buyback as per the Acceptance Ratio:

Acceptance ratio	Amount invested in the buyback	No. of shares bought back	Buyback Profit	Profit in %
33%	Rs. 1,63,796	347	Rs. 11,903	7.27
50%	Rs. 1,63,796	526	Rs. 18,042	11.01
75%	Rs. 1,63,796	789	Rs. 27,063	16.52
100%	Rs. 1,63,796	1052	Rs. 36,204	22.01

MARKET REACTION ON BUYBACK:

Currently, the stock is trading at Rs. 147.80. It registered a negative closing with 1.66%. The market has been in a correction mode. It is due to the tension created by the rise in inflation. The other factors are the rise in the RRP and CRR by the RBI. Also, staggering financials amidst the Russia- Ukraine War. The stock has gone through a significant correction from the top.

The GAIL stocks has shown significant strength even in the correction mode of the market. It hasn’t fallen to a great level and is currently trailing in a consolidation zone. Earlier, the stock registered a higher price of Rs. 171.35 on NSE. The average price calculated on a year-on-year basis is Rs. 132.46. The stock is currently trailing at a discount from its Buyback Offer Price. The buyback offer at full acceptance is at a premium of Rs. 42.20. It is nearly 28% of the Buyback Price offered by the company.

COMPANY CONTACT INFORMATION:

GAIL (India) Limited

GAIL Bhawan,

16 Bhikaji Cama Place,

R K Puram, New Delhi – 110066

Phone: 011-26172580, 261829

Email: shareholders@gail.co.in

Website: https://www.gailonline.com/

REGISTRAR OF GAIL BUYBACK 2022:

MCS Share Transfer Agent Limited

F-65, Okhla Industrial Area Phase 1,

New Delhi 110020

Phone: +91 1141406149, 011 41406148,

Fax: +91 1141709881, 011 41709881

Email: admin@mcsregistrars.com

Website: www.mcsregistrars.com

MANAGER OF GAIL BUYBACK 2022:

IDBI Capital Markets & Securities Limited

6th Floor, IDBI Tower,

WTC Complex, Cuffe Parade,

Mumbai 400005

Phone: +91 2222171953

Email: gail.buyback2022@idbicapital.com

Website: www.idbicapital.com

REGISTERED BROKER

IDBI Capital Markets & Securities Limited

Email: charushila.parkar@idbicapital.com

ETHOS LIMITED IPO DARE, PRICE, ALLOTMENT & ANALYSIS DETAILS

Main board IPO

Team TradingBuzz₹

-

May 16, 2022

0

Ethos Limited is a premium watch retailer company. It is the largest luxury watch distributor in the country. The company delivers their products via websites and physical stores. It also boosts their sales through social media platforms. Ethos Limited’s business model is an omnichannel distribution model. Let’s delve deep into understanding some key elements about the Ethos Limited IPO.

Ethos Limited watch portfolio has a diversified brand. It has an association with 50 premium brands. It also includes 7,000 premium watches by these companies. Ethos also sells normal watches. In this segment, the company sells 30,000 different models. Ethos has a strong association with many premium watch stores. It includes:

Raymond Weil	Carl F. Bucherer	Panerai	H. Moser & Cie
Jaeger LeCoultre	Rado	Baume & Mercier	Tissot
Louis Moinet	Balmain	Omega	IWC Schaffhausen

The company has a wide distribution network. It has 50 physical retail stores. Ethos has categorized its stores as follows:

Ethos Summit Stores	14 stores
Airport store	01 store
Multi-Brand Outlets	15 stores
Ethos Boutiques	10 stores
Luxury Segment Mono-Brand Boutiques	09 stores
CPO luxury watch lounge	01 store

Ethos limited have 13% of the market share in the premium and luxury watch segment. Ethos also has a significant market share of 20% in the exclusive luxury segment. Ethos Limited has also entered a new business vertical. It has started retailing certified pre-owned luxury watches. The company started in 2019. Ethos Limited also operates its website www.ethoswatches.com. It is the largest website for premium watches regarding brand engagement. Ethos Limited has 424 employees on its payroll.

These stores are present in 17 cities in India. Ethos limited has its stores in all metro cities of the country. It also holds a physical outlet in Tier 1 and Tier 2 cities. The stores of Ethos Limited are therein:

New Delhi	Hyderabad,	Kolkata,	Ahmedabad
Lucknow	Chandigarh	Gurgaon	Guwahati
Nagpur	Chennai	Jaipur	Noida
Mumbai	Bengaluru	Pune	Thane

OBJECTS OF THE IPO ISSUE:

Prepayment of all the loans of the company. It is done on a consolidated basis.
To meet corporate targets.
To fund the working capital requirement.
The company intends to finance their capital expenditure. It is to be used for establishing new stores. It is to be done for the renovation of existing stores.
The company wants to upgrade its enterprise resource management and planning software.

Apply For IPO with Groww

ETHOS LIMITED IPO DETAILS:

Ethos Limited is a company with its headquarters in Himachal Pradesh. It is located in the Parwanoo district of the state. The company recently got approval from SEBI. It earlier filed its DRHP for approval. The company is coming up with its IPO offer. The IPO offer of the company is Rs. 472.29 crores. It is a mix of an OFS offer of Rs. 97.29 crores. It also contains an issue of fresh equity worth Rs. 375.00 crores by the company.

The company stated that it would utilize funds as below:

Repayment and pre-payment of the borrowings of the company	Rs. 29.89 crores
Working capital	Rs. 234.96 crores
Setting up of new stores. Also used for renovation of existing stores	Rs. 33.27 crores
Upgradation of ERP	Rs. 1.98 crores
General corporate purpose	Remaining funds

The company fixed the price band to Rs. 836.00 – Rs. 878.00 per equity share. Post allotment, the company’s shares will be listed on BSE and NSE. The IPO issue offer constitutes 23.04 % of the post issue fully paid-up equity capital base of the company. The company also completed their Pre – IPO allotment round. In it, the company allotted 302,663 equity shares of the company. It was allotted at Rs. 826.00 per share. It was done to raise Rs. 25 crores funding. It reduced the IPO fresh equity offer to Rs. 375.00 crores. Post IPO offer, the fully paid-up equity capital of the company will increase. It will increase from Rs. 19.08 Crores to Rs. 23.35 crores. On the upper band of IPO, the company’s market share will be Rs. 2050.06 crores.

IPO Opening Date	May 18, 2022
IPO Closing Date	May 20, 2022
Issue Type	Book Building Type Issue IPO
Face Value	Rs. 10 per equity share of the company
IPO Price Band	Rs. 836 – Rs. 878
Market Lot	One lot of 17 equity shares of the company
Minimum Order Quantity	One lot corresponding to 17 equity shares of the company
Minimum Order Price	Rs. 14,926
Maximum Order Quantity	13 lots corresponding to 221 equity shares of the company
Maximum Order Price	Rs. 194,038
Maximum Retail Order Quantity	13 lots corresponding to 221 equity shares of the company
Minimum HNI Order Quantity	14 lots corresponding to 238 equity shares of the company
Listing At	BSE, NSE
Issue Size	—— equity shares of the company that corresponds to Rs. 472.29 Crores
Fresh Issue	4,271,080 equity shares of the company, which corresponds to Rs. 375.00 Crores
Offer for Sale	1,108,037 equity shares of the company, which corresponds to Rs. 97.29 Crores
Basis of Allotment Type	% Of the Offer been allotted by IPO
Qualified Institutional Buyer	50
Non-Institutional Investor	15
Retail	35
Price Band Announcement:	May 10, 2022
Anchor Investors Allotment:	May 17, 2022
Basis of Allotment Date	May 25, 2022
Initiation of Refunds	May 26, 2022
The Credit of Shares to Demat Account	May 27, 2022
IPO Listing Date	May 30, 2022

STRENGTHS AND OPPORTUNITIES OF ETHOS LIMITED IPO:

Ethos Limited has access to a large base of luxury Customers.
Ethos Limited holds a Deep understanding of its digital platform. It also has an understanding of its Omnichannel commerce.
It is the largest luxury watch distributor in the country. The company is also the largest company engaged in the premium watch segment.
The company enjoys strategically benefits from its location, store network and in-store experience.
Ethos Limited has a strong and long-standing relationship with its associated partners. The partners are luxury groups and luxury watches.
The company has leadership in the luxury watch market.
Ethos has an experienced and highly innovative team.
The company has a strong network for their sales. The omnichannel business model has helped the operations of the company.
Ethos also has an opportunity to enter into the premium fragrance business segment. It will boost its margins on both the top line and bottom line.

WEAKNESS AND THREATS OF ETHOS LIMITED IPO:

Ethos Limited has registered inconsistency in its financial and operations matrix. It raises concern over the sustainability of the growth of the company.
The IPO issue of the company is at a high valuation. It is priced at a 96 P/E ratio. On FY21 Earnings, the issue becomes at a valuation of P/E of 354.
Ethos Limited is subject to various regulatory guidelines litigations.
The company is highly dependent on its associated watch brands. The company is a retail outlet firm. So, any problem in the manufacturing of the watch can negatively impact the company.
Ethos Limited’s success also depends on the success of the brands under its association.
The company also needs to manage their inventory properly. Any mismanagement can lead to a negative impact on the company.
Ethos Limited’s other major concern is of prediction of customer demand. It also needs to be updated with all the latest trends.
Ethos Limited also don’t have any definitive agreement. Any disruption in supply from their associated brands can hamper the company’s operation. It can lead to a significant impact on the profitability of the company.
The presence of First copy articles is also a threat to their business operation.
Ethos Limited is engaged in very stiff competition. It faces a high level of competition from many other firms, sellers and retailers.

Also Read : List of Mainboard IPO’s in India .
Also Read : List of Upcoming SME IPO’s in India.

FINANCIAL TRENDS OF ETHOS LIMITED IPO:

Particulars	For the year ending with the amount as in Rs in Lakhs
	31 December 21	31 March 21	31 March 20	31 March 19
Total Assets	49,399.31	39,204.38	42,195.65	36,892.56
Total Revenue	42,934.76	40,314.23	46,100.56	44,509.63
Profit After Tax	1,598.78	578.53	-133.40	988.88

PARAMETER	MARCH 21	MARCH 20	YoY %
Earnings Per Share (Rs)	3.18	-0.73	533.68
CEPS (Rs)	20.39	17.27	18.09
DPS (Rs)	0.00	0.00	0.00
Book NAV/Share (Rs)	85.18	82.03	3.85
Tax Rate (%)	28.55	167.18	-82.92
Core EBITDA Margin (%)	11.02	12.10	-8.92
EBIT Margin (%)	7.23	5.63	28.46
Pre -Tax Margin (%)	2.09	0.43	382.97
PAT Margin (%)	1.50	-0.29	613.65
Cash Profit Margin (%)	9.61	6.87	39.86
ROA (%)	1.45	-0.38	485.66
ROE (%)	3.80	-0.97	491.46
ROCE (%)	12.90	11.81	9.30
Asset Turnover (x)	0.97	1.29	-24.92
Sales/Fixed Asset (x)	2.39	4.53	-47.11
Working Capital/Sales (x)	3.56	4.52	-21.27
Fixed Capital/Sales (x)	0.42	0.22	89.07
Receivable days	10.18	7.29	39.57
Inventory Days	196.56	169.07	16.26
Payable days	93.58	78.23	19.62
EV/Net Sales (x)	0.13	0.18	-29.12
EV/Core EBITDA (x)	0.84	1.42	-40.91
EV/EBIT (x)	1.78	3.22	-44.82
EV/CE (x)	0.13	0.20	-35.39
Net Sales Growth (%)	-15.57	3.23	-582.18
Core EBITDA Growth (%)	1.28	55.17	-97.68
EBIT Growth (%)	8.46	-21.65	139.08
PAT Growth (%)	533.68	-109.98	585.26
EPS Growth (%)	533.68	-109.26	588.45
Total Debt/Equity (x)	0.34	0.51	-33.91
Current Ratio (x)	1.73	1.58	9.70
Quick Ratio (x)	0.40	0.33	21.38
Interest Cover (x)	1.41	1.08	29.93

COMPARISON WITH PEERS OF ETHOS LIMITED IPO:

As per the DRHP of the company, there are no listed companies as their competitor.

PROMOTERS OF ETHOS LIMITED IPO:

The promoters of the company are as follows:

Yashovardhan Saboo
KDDL Limited
Mahen Distribution Limited

Pre – Issue Share Holding	81.01%
Post Issue Share Holding	61.65%

COMPANY ADDRESS:

Ethos Limited

Plot No. 3, Sector-III,

Parwanoo, Himachal Pradesh -173 220

India

Website: http://www.ethoswatches.com/

Phone: + 91 172 2548 223/24

Email: http://www.ethoswatches.com/

ETHOS LIMITED IPO REGISTRAR:

KFintech Private Limited

KFintech, Tower-B, Plot No 31 & 32,

Financial District, Nanakramguda, Gachibowli,

Hyderabad, Telangana India – 500 032.

Website: https://karisma.kfintech.com/

Phone: 04067162222, 04079611000

Email: ethosltd@kfintech.com

IPO LEAD MANAGER(S):

Emkay Global Financial Services Ltd
Incred Capital Financial Services Pvt Ltd

FOLLOW US ON Social Chennals.

Government of India backed Paradeep Phosphates’ IPO

Main board IPO

Team TradingBuzz₹

-

May 12, 2022

0

Paradeep Phosphates Limited as a company was started in 1981. The company was started as a joint venture. It was established between the Republic of Nauru and the Government of India. At its inception, the company’s operation was to produce DAP. In 1993, their major Promoter, the Republic of Nauru, sold off their stake to the GoI. Paradeep Phosphates Limited became a PSU. Let’s delve deep into understanding some key elements about the Paradeep Phosphates IPO.

In February 2002, The Government of India sold its 74% stake to Zuari Maroc Phosphates Private Limited. Later on, the promoter company was demerged as Zuari Agro Chemicals. Currently, ZMPPL has a holding of 80.45% in the company. The rest is of the Government of India. Paradeep Phosphates Limited is currently an integrated player in DAP/NPK fertilizers market.

It is involved in the production, distribution, trading, and sales of fertilizers. Paradeep Phosphates Limited sells its fertilizers under’ Navratna’ and ‘Jai Kisaan -Navratna’. Along with their core business, the company also has a plant to manufacture sulphuric acid. It also manufactures phosphoric acid at Paradeep, Odisha.

OBJECTS OF THE IPO ISSUE:

Prepayment of all the loans of the company that will be done on a consolidated basis.
To meet corporate targets.
To fund the working capital requirement.
Paradeep Phosphates Limited also has an objective to fund its CAPEX Plan. The company wants to expand its existing manufacturing unit capacity. It also intends to develop new facilities. In fact, Paradeep Phosphates Limited intends to carry out a technology upgradation.

BASIS OF THE IPO OFFER:

Paradeep Phosphates Limited currently has a strong position in terms of its valuations. It is also in a position to take advantage of Anti-dumping duty.
GoI in the fertilizer sector has brought the growth of the business opportunity and other policies.
Paradeep Phosphates Limited is India’s second-largest manufacturer. It is also the biggest distributor of Phosphatic fertilizers.
The company has a focused on the Backward integration of its manufacturing plants. It is also focusing on smart sourcing for raw material utilization.
Paradeep Phosphates Limited has a large Unused landbank to set up manufacturing capacity. The process of the company is a safe and accredited procedure.
The company has a strategic benefit for the production facility. It also holds an advantage for material storage handling and port services.
Paradeep Phosphates Limited has well-known brands under its item portfolio. Additionally, The company also has a wide distribution and logistics network.
Furthermore, The company is backed by strong promoters, experienced management, and well-known stockholders.

OPEN DEMAT ACCOUNT WITH ZERODHA

PARADEEP PHOSPHATES IPO DETAILS:

Paradeep Phosphates Limited has its headquartered in Bhubaneswar, Odisha. The company submitted its DRHP to SEBI. The company is ready to float its IPO in the market. The IPO comprises of issue of fresh equity of Rs.1004 crores. The company will also carry out an OFS of 118,507,493 Equity Shares. The OFS will be brought forward by the Promoter and the company’s existing stakeholders.

The funds collected from the IPO will go to different divisions:

partly financing of the fertilizer manufacturing facility been acquired in Goa
for payment of debt
general corporate purposes.

IPO Opening Date	May 17, 2022
IPO Closing Date	May 19, 2022
Issue Type	Book Building Type Issue IPO
Face Value	Rs.10 per Equity share
IPO Price Band	Rs. 39 – Rs. 42 per equity share
Market Lot	One lot of 350 equity shares of the company
Minimum Order Quantity	One lot corresponding to 350 equity shares of the company
Minimum Order Price	Rs. 14,700
Maximum Order Quantity	13 lots corresponding to 4,550 equity shares of the company
Maximum Order Price	Rs. 191,100
Listing At	BSE, NSE
Issue Size	Rs. 1,501 crores
Fresh Issue	Rs.1,004 crores
Offer for Sale	118,507,493 Equity Shares
Price Band Announcement:	May 11, 2022
Anchor Investors Allotment:	May 16, 2022
Basis of Allotment Date	May 24, 2022
Initiation of Refunds	May 25, 2022
The Credit of Shares to Demat Account	May 26, 2022
IPO Listing Date	May 27, 2022
Basis of the Allotment Type	% Of IPO Offer
Qualified Institutional Buyer	50
Non-Institutional Investor	15
Retail	35

STRENGTH AND GROWTH ASPECTS OF OF PARADEEP PHOSPHATES IPO:

Paradeep Phosphates Limited has established its reputation. It is the largest producer of complex fertilizers and DAP in India. The company has a capacity of 1.3MMTPA.
The company has unique and flexible production units. It allows them to switch to DAP or NPKs as required by demand and supply.
The growth of the Chemical and Agro- Chemical Sector industry will help the company. It will boost the margins and performance of the company at both top-line and bottom-line parameters.
Paradeep Phosphates Limited has planned to increase its production unit facility to 1.7 MMTPA by FY2023.
The company has a strong networking and monopoly business over DAP in India.
Paradeep Phosphates Limited has a wide retail network of 4530 dealers and 60,000 retailers.
The company will also benefit from the favorable outlook of the domestic demand.
Boost from the GoI provides the Anti-Dumping duty for phosphate fertilizers. Earlier, it was imported from China.
Paradeep Phosphates Limited also benefits in terms of raw materials. The company is in backward integration to produce phosphoric acid. The company doesn’t import this raw material.
Whereas, the company has also commissioned in production of sulphuric acid. It set up a 1.32 MMTPA sulphuric acid plant in FY2016. The plant improved the cost structure of the company.
Paradeep Phosphates Limited has a strong synergy with overseas companies.
The company has its separate networking operations for the imported raw materials

Awards Received By Paradeep Phosphates Limited in the past, such as:

Best Brand Platinum Award 2021 in the Corporate Excellence category.
19th Greentech Safety Award 2020 for outstanding achievement in the category of industry sector safety excellence
ICONSWM Excellence Award 2019, which was given at the 9th International Conference on Sustainable Waste Management towards Circular Economy

The company’s integrated business strategy has enabled them to increase profitability. This led to an increase of their working capital intensity. It has also maintained a competitive edge in the market.
Paradeep Phosphates Limited has a long-term supply agreement for their major raw materials.
Paradeep Phosphates Limited has a reputable financial record. It has produced strong results, highlighting its strong financial performance over the past quarters.
The company regularly includes meetings with farmers.
Undoubtedly, It also carried out meetings with the dealers and retailers. It has helped them strengthen their brand and develop new innovative solutions.

WEAKNESS AND THREATS OF OF PARADEEP PHOSPHATES IPO:

Paradeep Phosphates Limited recently planned to complete the acquisition of the Goa plant. It had an absence of a strong and adequate equity contribution. In conclusion, the company lacks the funds to acquire the plant.
The return metrics will weaken after the acquisition of the goa unit. It is a major concern for the company.
Paradeep Phosphates Limited’s entire product portfolio is centered around phosphatic and complex fertilizers. The competitors of the company have a much-diversified product portfolio. Hence the company is more vulnerable to volatility in terms of margins and financial parameters.
Paradeep Phosphates Limited also faced a problem of the vulnerability of profitability as India has many seasonal and agro-climatic changes.
In a highly regulated sector, the company is engaged in business.
Additionally, Paradeep Phosphates Limited also faced a challenge due to the sharp rise in prices of phosphorus fertilizers.
The company has proposed that its working capital requirements remain high in recent years. It is due to delays in subsidy from the GoI.
Paradeep Phosphates Limited registered high receivable days to increase its capital efficiency. It also impacted their margins and the high-interest costs.
The large working capital requirement impacts the liquidity position of the company as well.
Paradeep Phosphates Limited needs to significant leverage its balance sheet. It is to acquire ZACL’s assets.
Paradeep Phosphates are fully reliant on some other raw materials. The company imports these raw materials. It includes rock phosphate, ammonia, sulfur, and potash.
Paradeep Phosphates Limited will impact if it doesn’t foresee the supply and demand correctly. It can also be heavily impacted by the vulnerability in the supply of raw materials.
Another failure of the company is the networking and distribution system.
The Promoter, directors, and the company itself is currently under trial for a legal procedure.

Also Read :

List of Upcoming SME IPO’s in India.

FINANCIAL TRENDS OF PARADEEP PHOSPHATES IPO:


Particulars	For the year/period ended (in Cr.)
		31-Mar-21	31-Mar-20	31-Mar-19
Total Assets		4,423.17	5,010.33	5,627.66
Total Revenue		5,183.94	4,227.78	4,397.21
Profit After Tax		223.27	193.22	158.96

PARAMETER	MARCH 21	MARCH 20	YoY %
Core EBITDA Margin (%)	10.50	10.96	-4.25
EBIT Margin (%)	9.26	10.07	-8.06
Pre-Tax Margin (%)	7.10	5.49	29.21
PAT Margin (%)	4.33	4.63	-6.51
Cash Profit Margin (%)	5.94	6.36	-6.55
ROA (%)	4.74	3.65	29.86
ROE (%)	13.03	12.58	3.59
ROCE (%)	13.70	9.93	38.03
Net Sales Growth (%)	23.18	-3.79	712.02
Core EBITDA Growth (%)	13.50	2.87	369.81
EBIT Growth (%)	13.25	2.81	371.87
PAT Growth (%)	15.16	22.07	-31.32
EPS Growth (%)	15.55	21.55	-27.84

PROMOTERS OF PARADEEP PHOSPHATES IPO:

The promoters of the company are:

Zuari Maroc Phosphates Private Limited
Zuari Agro Chemicals Limited
OCP S.A.
The President of India- GoI

Pre-Issue Share Holding	100 %
Post Issue Share Holding

Paradeep Phosphates was founded as a Joint Venture in 1981. It is a J.V. of ZMPPL- Zuari Maroc Phosphates Private Limited and the Government of India. The ZMPPL is a Joint Venture of ZACL- Zuari Agro Chemicals Limited and OCP Group S.A.

CONTACT DETAILS:

Paradeep Phosphates Limited

5th Floor, Orissa State Handloom Weavers’ Co-Operative Building,

Pandit J.N Marg, Bhubaneswar 751 001, Odisha, India

Tel: +91 080 45855561

E-mail: cs.ppl@adventz.com

Website: www.paradeepphosphates.com

REGISTRAR:

Link Intime India Private Limited

C 101, 1st Floor, 247 Park

L.B.S. Marg, Vikhroli (West)

Mumbai – 400 083

Telephone: +91 22 4918 6200

E-mail: ppl.ipo@linkintime.co.in

Website: www.linkintime.co.in

LEAD MANAGER(S):

FOLLOW US ON Social Chennals.

VENUS PIPES & TUBES LIMITED IPO DETAILS

Main board IPO

Team TradingBuzz₹

-

May 11, 2022

1

Venus Pipes & Tubes Limited is a company that is engaged in the manufacturing of stainless steel pipes and tubes. The company also carries out the export of the same. Let’s delve deep into understanding some key elements about the Venus Pipes & Tubes Limited IPO.

The business of the company has been categorized into two main categories:

seamless tubes and pipes
welded tubes and pipes

The company manufactures both the products in five different categories. It is:

stainless steel high precision & heat exchanger tubes
stainless steel hydraulic & instrumentation tubes
stainless steel seamless pipes
stainless steel welded pipes
stainless steel box pipes.

Venus Pipes & tubs Limited manufactures in their manufacturing plant. It is located at Dhaneti in Kutch, Gujarat. The capacity of the plant is 10,800 metric tons per annum. The company exports its products to 18 countries. It includes Brazil, European Union, the UK, and Israel. The company has an experience of over six years of. Venus Pipes & Tubes Limited has a market presence in diverse sectors, including chemicals, engineering, fertilizers, pharmaceuticals, and power. The company’s product is also used in the food processing industry, paper, and oil & gas industry. The company is currently carrying out its CAPEX plan. It also stated that their overall capacity would increase to 24000 MT per annum post-completion.

OBJECTS OF THE IPO ISSUE:

Prepayment of all the loans of the company. It will be done on a consolidated basis.
To meet corporate targets.
To fund the working capital requirement.
The company also has an objective to fund its CAPEX Plan. The company wants to expand its existing manufacturing unit capacity. It also intends to develop new facilities. The company intends to carry out a technology upgradation.
The company also intends to fund various investments. It also holds a vision for strategic acquisitions.
To carry out an operational cost optimization. It also wants to create a backward integration to manufacture hollow pipes.

BASIS OF THE OFFER:

The basis of the IPO offer of the company is as follows:

The company holds solid accreditations. It also has quality approval for its products on a global scale.
The company’s specialty is the manufacturing of the Stainless-Steel Pipes and Tubes.
The products of the company have demand in various sectors.
It also holds a diversified client base.
Venus Pipes & Tubes have a well-trained workforce. It has skilled professionals in engineering, operation, and management department.

VENUS PIPES & TUBES LIMITED IPO DETAILS:

Venus Pipes & Tubes Limited is a company with its headquarters in Kachchh. The company recently got approval from SEBI. It earlier filed its DRHP for approval. The company is coming up with its IPO offer of 50,74,100 equity shares.

The company stated that it would utilize funds as below:

Financing funding requirements for CAPEX Plan. The company aims to increase its capacity expansion. It also wants to do technology up-gradation along with cost optimization	Rs. 107.95 crores
Working capital	Rs. 25.00 crores
General corporate purpose	Remaining funds

The company fixed the price band to Rs. 310.00 – Rs. 326.00 per equity share. The company is aiming to raise funds of Rs. 165.42 crores. At the upper cap. Post allotment, the company’s shares will be listed on BSE and NSE. The IPO issue offer constitutes 25.0 % of the post issue fully paid-up equity capital base of the company. Post IPO offer, the fully paid-up equity capital of the company will increase. It will increase from Rs. 15.22 Crores to Rs. 20.30 crores. On the upper band of IPO, the company’s market share will be Rs. 661.65 crores.

IPO Opening Date	May 11, 2022
IPO Closing Date	May 13, 2022
Issue Type	Book Building Type Issue IPO
Face Value	Rs. 10 per equity share of the company
IPO Price Band	Rs. 310 – Rs. 326
Market Lot	One lot of 46 equity shares of the company
Minimum Order Quantity	One lot corresponding to 46 equity shares of the company
Minimum Order Price	Rs. 14,996
Maximum Order Quantity	13 lots corresponding to 598 equity shares of the company
Maximum Order Price	Rs. 194,948
Listing At	BSE, NSE
Issue Size	50,74,100 equity shares of the company that corresponds to Rs. 165.42 Crores
Fresh Issue	50,74,100 equity shares of the company that corresponds to Rs. 165.42 Crores
Offer for Sale	0
Basis of Allotment Type	% Of the Offer been allotted by IPO
Qualified Institutional Buyer	50
Non-Institutional Investor	15
Retail	35
Price Band Announcement:	May 05, 2022
Anchor Investors Allotment:	May 10, 2022
Basis of Allotment Date	May 19, 2022
Initiation of Refunds	May 20, 2022
The Credit of Shares to Demat Account	May 23, 2022
IPO Listing Date	May 24, 2022

Apply For IPO with Groww

STRENGTHS AND OPPORTUNITIES OF VENUS PIPES & TUBES LIMITED IPO:

Venus Pipes & Tubes Limited have a team of professionals engaged in a different sector. The company has an experienced promoter base with quality individuals.
The company holds quality control accreditations. It has achieved this from Bureau Veritas and has UK Accreditation Services. The company has also obtained ISO quality standards certification. It earned accreditation for ISO 9001:2015, 14001:2015, and 45001:2018.
The company has a separate production plant for manufacturing its products. One plant is for seamless pipe, while the other is for manufacturing the welded pipe.
The company has a strong market reach. It has a deep rotted client and customer base. The company’s products have been used in both local and international markets.
Venus Pipes and Tubes limited has a strong network and distribution system. It has achieved it with its authorized dealers and suppliers.
The company has an excellent stacking ability. It has helped them maintain its inventory days better than its peer.
Venus Pipes and Tubes limited is aiming for its growth strategy of setting up a new plant along. It has also made plans to enter into a product line that will boost the company’s financial growth.
The company has they’re in – house dedicated quality and control team. It has helped them attain quality assurance and proficiency in operations.
Rising trends in commodity and multi-folded demand for their product line have helped the company achieve a super performance.
Recently Venus Pipes & Tubes Limited has appointed a sole distributor in their overseas markets. It will help the company to achieve better global reach. The company’s focus is to expand its business in the European market.

On the financial front, the company recorded outperforming numbers.
The CAGR of the company has been 61%.
The EBITDA CAGR of the company in the same period was 105%.
The EBITDA margins of the company have increased to 12.8%.
An increase in capacity utilization from 61% to 92% last year.
Planning to set up backward integration of piercing plant.
Venus Pipes & Tubes Limited has a Return on Equity of 59 %. It also recorded a ROCE of 36%.

RISKS, WEAKNESSES, AND THREATS:

The company is engaged in tough competition. Any failure in the operations, design, and growth strategy can negatively impact the company.
Venus Pipes and Tubes Limited is vulnerable to uncertainties in demand. The company has always faced problems of lack of long-term commitment.
Another important threat is limited operational risk. It will be a negative driver for the company.

The products of the company can become obsolete.
The company is also vulnerable to protecting its intellectual property. It is subject to claims that the firm infringe.
Venus Pipes and Tubes Limited is highly dependent on its top ten clients. A significant amount of revenue is from these clients only.
The company is also vulnerable to the forex rate and supply chain demand. It is also vulnerable to its raw material’s availability and pricing and distribution network performance.
Venus Pipes and Tubes Limited has to follow guidelines to maintain its quality and operations accreditations strictly.

Also Read : List of Mainboard IPO’s in India .
Also Read : List of Upcoming SME IPO’s in India.

FINANCIAL TRENDS OF VENUS PIPES & TUBES LIMITED IPO:

Particulars	For the year ending with the amount as in Rs. in crores
	30 June 21	31 March 21	31 March 20	31 March 19
Total Assets	149.20	137.54	107.19	79.12
Total Revenue	82.34	312.03	179.32	120.51
Profit After Tax	9.10	30.95	6.49	4.95

PARAMETER	MARCH 21	MARCH 20	YoY %
Earnings Per Share (Rs)	27.06	4.73	472.48
CEPS (Rs)	18.78	4.76	294.31
DPS (Rs)	0.00	0.00	0.00
Book NAV/Share (Rs)	45.73	18.64	145.34
Tax Rate (%)	23.65	36.36	-34.96
Core EBITDA Margin (%)	11.24	6.54	71.78
EBIT Margin (%)	11.80	6.21	90.09
Pre – Tax Margin (%)	10.01	3.65	174.30
PAT Margin (%)	7.64	2.32	229.07
Cash Profit Margin (%)	7.95	3.51	126.65
ROA (%)	19.30	4.43	335.67
ROE (%)	84.09	29.02	189.76
ROCE (%)	53.57	21.98	143.75
Asset Turnover (x)	2.53	1.91	32.39
Sales/Fixed Asset (x)	15.07	12.64	19.28
Working Capital/Sales (x)	8.04	9.45	-14.93
Fixed Capital/Sales (x)	0.07	0.08	-16.17
Receivable days	44.73	53.76	-16.79
Inventory Days	52.19	82.57	-36.79
Payable days	58.43	85.74	-31.85
EV/Net Sales (x)	0.14	0.26	-47.78
EV/Core EBITDA (x)	1.11	3.50	-68.12
EV/EBIT (x)	1.14	4.17	-72.53
EV/CE (x)	0.30	0.43	-29.24
Net Sales Growth (%)	73.97	49.73	48.74
Core EBITDA Growth (%)	184.97	30.87	499.23
EBIT Growth (%)	230.69	37.05	522.61
PAT Growth (%)	472.48	10.08	4587.31
EPS Growth (%)	472.48	10.08	4587.31
Total Debt/Equity (x)	0.94	2.62	-64.13
Current Ratio (x)	1.49	1.27	17.86
Quick Ratio (x)	0.93	0.64	44.68
Interest Cover (x)	6.57	2.42	170.87

COMPARISON WITH PEERS OF VENUS PIPES & TUBES LIMITED IPO:

Name of the Company	Face Value	EPS of the company as in Rs	PE	PAT of the company as in Rs. Crores	Market capitalization of the company as in Rs. in crores
Venus Pipes & Tubes Limited	Rs. 10	Rs. 15	21.7	Rs. 30 Crores	Rs. 600
Jindal Saw Limited	Rs. 2	Rs. 14.67	6.18	Rs. 469 Crores	Rs. 2,899
Ratnamani Metal & Tubes Limited	Rs. 2	Rs. 68.52	32.9	Rs. 320 Crores	Rs. 10,547

PROMOTERS OF VENUS PIPES & TUBES LIMITED IPO:

The promoters of the company are as follows:

Megharam Sagramji Choudhary
Jayantiram Motiram Choudhary
Dhruv Mahendrakumar Patel
Arun Kothari

Pre-Issue Share Holding	64.27%
Post Issue Share Holding	48.20%

CONTACT DETAILS:

Venus Pipes & Tubes Limited

Survey No. 233/2 and 234/1,

Dhaneti, Bhuj, Kachchh

370020 Gujarat, India.

Tel: +91 2836 232 183/84

E-mail: cs@venuspipes.com

Website: www.venuspipes.com

REGISTRAR:

KFin Technologies Private Limited

Selenium, Tower B, Plot No- 31 and 32, Financial District,

Nanakramguda, Serilingampally,

Hyderabad, Rangareddi 500 032, Telangana, India.

Tel: +9140 6716 2222

E-mail: venus.ipo@kfintech.com

Website: www.kfintech.com

LEAD MANAGER(S) OF VENUS PIPES & TUBES LIMITED IPO:

SMC Capitals Limited

ALSO READ | Delhivery IPO

FOLLOW US ON Social Chennals.

Venus Pipes IPO:GMP, Issue Date, Issue Size and Important Dates

Main board IPO

Team TradingBuzz₹

-

May 10, 2022

0

Venus Pipes IPO:GMP, Issue Date, Issue Size and Important Dates

The Venus Pipes Initial Public Offering (IPO) is about to hit Dalal Street because its most likely listing date is May 24, 2022. Experts in the stock market believe that Venus Pipes’ IPO will be successful because of the company’s recent track record of sustained growth. The grey market is signaling the listing gain one might anticipate from the IPO while allottees and market experts are busy calculating likely listing premium from the public offering worth 165.42 crore

Venus pipes IPO Overview

Venus pipes IPO Dates	May 11, 2022 to May 13, 2022
Listing date	May 24 2022
Venus pipes IPO Price	₹310 to ₹326 per share
Venus pipes IPO Face Value	₹10 per share
Issue Size	5,074,100 shares of ₹10 (Aggregating up to ₹165.42 Cr)
Lot size	46 Shares
Fresh issue	5,074,100 shares of ₹10 (Aggregating up to ₹165.42 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
QIB Shares Offered	Not more than 50% of the Net Offer
NII (HNI) Shares Offered	Not less than 15% of the Net Offer
Retail Shares Offered	Not less than 35% of the Net Offer
Company Promoters	Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari are the company promoters.

Venus pipes IPO – Industry Overview

India’s yearly GDP growth fell by 6.6% in FY 2021, compared to a 3.7% y-o-y growth the year before, as a result of the coronavirus pandemic and the ensuing lockdown. According to Mospi’s first projections, the Indian economy recovered strongly in FY 2022 and is projected to have expanded by 8.9%, despite the negative effects of the second wave of COVID-19 and related localized lockdowns. Despite supply chain disruptions brought on by COVID-19 restrictions, increasing freight costs, and container shortages, the nation is on track to exceed its export goal.

Omicron ba.2’s continued spread throughout the world and new external risks that have emerged as a result of the crises in Russia and Ukraine have the potential to slow the speed of economic recovery, particularly in the manufacturing sector. Businesses are under pressure to be profitable. India’s short-term growth will be impacted by foreign investors’ strong risk aversion, currency volatility and severe depreciation, a surge in commodity prices, and the ensuing increase in interest rates.

Venus pipes IPO – Company Overview

With over six years of experience manufacturing stainless steel tubular products in two broad categories—seamless tubes/pipes and welded tubes/pipes—Venus Pipes is one of India’s fastest-growing stainless steel pipe and tube manufacturers and exporters. Currently producing five product lines are: I stainless steel high precision & heat exchanger tubes; (ii) stainless steel hydraulic & instrumentation tubes; and (iii) stainless steel They provide products under the “Venus” brand for use in a variety of industries, including I engineering, (ii) fertilizers, (iii) pharmaceuticals, (iv) power, (v) food processing, (vi) paper, and (viii) oil and gas.

In close proximity to the ports of Kandla and Mundra, respectively, and on the Bhuj-Bhachau highway in Dhaneti (Kutch, Gujarat), Venus Pipes’ manufacturing facility (“Manufacturing Facility”) is strategically situated to help the company lower its logistical costs associated with the import and export of its products as well as the purchase of raw materials. With the newest product-specific machinery and technology, the Venus pipes Manufacturing Facility features distinct seamless and welded divisions with tube mills, pilger mills, draw benches, swaging machines, pipe straightening machines, TIG/MIG welding systems, plasma welding systems, etc.

The Venus Pipes Manufacturing Facility will be able to produce 10,800 MT annually as of February 28, 2022. Additionally, it has a warehousing facility in Ahmedabad and a storage facility at its manufacturing plant for retaining stocks of both raw materials and finished goods, which maintains the stability of operations.

DCX Systems LTD IPO: GMP, Issue Size, Lot size And Important Dates

Venus pipes IPO Objectives

The company proposes to utilize the Net Proceeds raised through the Issue for the following objects:

To meet long-term working capital requirements.

General corporate purposes.

Financing project costs for capacity growth, technology upgrades, operational cost optimization, manufacturing facility support, and backward integration for hollow pipe manufacturing.

Venus pipes Financials

Venus pipes Strengths

International Accreditations and product approvals
Specialized production of Stainless-Steel Pipes and Tubes
Multi-fold demand of its Products

Venus pipes Weakness

The company’s top 10 clients generated about 32% of its revenue in 9MFY22.
Large and well-established rivals present increased rivalry.
Has not signed any long-term contracts for the supply of goods or the acquisition of raw materials.

Company Contact Information

Venus Pipes & Tubes Limited
Survey No. 233/2 and
234/1, Dhaneti
Bhuj, Kachchh – 370020 Gujarat
Phone: +91 2836 232 183/84
Email: cs@venuspipes.com
Website: https://www.venuspipes.com/

Venus Pipes & Tubes IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: venus.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Venus Pipes & Tubes IPO Lead Manager(s)

SMC Capitals Limited

Prudent Corporate Advisory Services IPO Details

Main board IPO

Team TradingBuzz₹

-

May 10, 2022

0

Prudent Corporate Advisory Services Limited is a financial sector company. The company is engaged in an independent retail wealth management segment. The company is amongst the top mutual fund distributors. It holds one of the largest Average AUM. The company offers a technology-enabled solution. Checkout Prudent Corporate IPO details.

It also offers comprehensive investment services along with the financial services platform. The company also provides end-to-end critical solutions in the financial sector. Prudent Corporate Services has both an online and offline presence. The company was established in 2003.

The service portfolio of the company includes Life Insurance and General Insurance solutions. It also provides stockbroking services. The company has started a new service of SIP with Insurance. It also offers a Gold Accumulation Plan as well as Asset Allocation services.

Prudent Corporate Advisory Services Limited provides digital wealth management (DWM) solutions on the digital front. The company is associated with numerous platforms. Some of them are FundzBazar, Policyworld, PrudentConnect, CreditBasket and WiseBasket. The company has a customer base of 13,51,274 retail investors. The customer base has been set up via 23,262 channel partners.

It’s major business operation is business-to-business-to-consumer, also known as the B2B2C network. It has 110 branches in 20 states of the country. The company is also connected with 42 AMCs as a distributor. Its latest result has registered 35.05 lakhs live folios and 15.25 lakhs live SIP.

OBJECTS OF THE IPO ISSUE:

Prepayment of all the company’s loans, which be availed on a consolidated basis.
To meet corporate targets.
To fund the working capital requirement.

BASIS OF THE PRUDENT CORPORATE IPO OFFER:

The basis of the IPO Offer Price is as follows:

Prudent Corporate Advisory Services Limited works in an underserved asset management market. It is the fastest-growing company in the segment. It’s growth with a CAGR of nearly 20%.
The company is among the biggest and fastest-growing firms establishing a network. It has been used for the distribution of their financial services.
The company has a granular retail AUM. It also holds skewed high-yield equity with an AUM mix.
The company has an increased involvement with Mutual Funds. It also holds a long-term association with them.
An established financial and operational track record. It uses innovation and technology in addition. This has enabled the company to improve its business operations as well as provide better customer service.
Prudent Corporate Advisory Services Limited has a PAN India distribution network. It has developed a capacity for an underserved B-30 segment of the country.
The company operates on a scalable asset-light business model. It has made it possible to effectively execute its Expansion Plans.

PRUDENT CORPORATE IPO DETAILS:

Prudent Corporate Advisory Services Limited has its headquartered in Ahmedabad. The company is ready to float its IPO in the market. The company recently got approval from SEBI after filling their DRHP. The IPO of the company is of 8,549,340 equity shares of the company. It is a purely OFS-based IPO offer. Post allotment, the company’s shares will be listed on BSE and NSE. It has allowed the company to build a stronger and more lasting relationship with mutual funds.

The IPO issue offer constitutes 20.65% of the post issue fully paid-up equity capital base of the company. The company also started an Rs. 59 per equity share discount for its employees. Post IPO offer, the fully paid-up equity capital of the company will remain the same. It will be at Rs. 20.70 crores. On the upper band of IPO, the company’s market share will be Rs. 2608.62 crores.

IPO Opening Date	May 10, 2022
IPO Closing Date	May 12, 2022
Issue Type	Book Building Issue Type IPO
Face Value	Rs. 5 per Equity Share
IPO Price	Rs. 595 – Rs. 630
Market Lot	1 lot of 23 equity shares
Minimum Order Quantity	One lot corresponding to 23 equity shares of the company
Minimum Order Price	Rs.14,490
Maximum Order Quantity	13 lots corresponding to 299 equity shares of the company
Maximum Order Price	Rs.188,370
Listing At	BSE, NSE
Issue Size	8,549,340 equity shares of the company. The issue is Rs. 538.61 crores.
Fresh Issue	Rs. 0
Offer for Sale	8,549,340 equity shares of the company. The issue is Rs. 538.61 crores.
Employee Discount	Rs. 59 per equity share of the company
Basis of Allotment Type	% Of the Offer been allotted by IPO
Qualified Institutional Buyer	50
Non-Institutional Investor	15
Retail	35
Basis of Allotment Date	May 18, 2022
Initiation of Refunds	May 19, 2022
The Credit of Shares to Demat Account	May 20, 2022
IPO Listing Date	May 23, 2022

INVEST IN IPO WITH PAYTM MONEY

FINANCIAL TRENDS OF PRUDENT CORPORATE IPO:

Particulars	For the year ending with the amount as in Rs. in millions
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	3,873.40	2,849.30	1,960.75	1,932.15
Total Revenue	3,279.98	2,948.96	2,362.20	2,250.58
Profit After Tax	576.28	452.97	278.53	210.19

PARAMETER	MARCH 21	MARCH 20	YoY %
Earnings Per Share (Rs)	438.08	269.37	62.63
CEPS (Rs)	12.91	8.66	49.22
DPS (Rs)	3.00	2.50	20.00
Book NAV/Share (Rs)	1524.59	1088.16	40.11
Tax Rate (%)	25.16	25.59	-1.70
Core EBITDA Margin (%)	21.57	19.87	8.55
EBIT Margin (%)	21.70	17.08	27.05
Pre – Tax Margin (%)	21.12	15.94	32.52
PAT Margin (%)	15.81	11.86	33.30
Cash Profit Margin (%)	18.64	15.24	22.30
ROA (%)	19.10	14.49	31.83
ROE (%)	33.53	28.48	17.75
ROCE (%)	44.34	35.49	24.94
Asset Turnover (x)	1.21	1.22	-1.10
Sales/Fixed Asset (x)	7.82	6.26	25.04
Working Capital/Sales (x)	2.33	2.54	-8.13
Fixed Capital/Sales (x)	0.13	0.16	-20.03
Receivable days	68.66	90.98	-24.54
Inventory Days	10.88	4.24	156.54
EV/Net Sales (x)	-0.47	-0.38	-25.61
EV/Core EBITDA (x)	-1.93	-1.84	-4.76
EV/EBIT (x)	-2.18	-2.20	1.14
EV/CE (x)	-0.48	-0.46	-5.09
M Cap / Sales	0.00	0.00	0.00
Net Sales Growth (%)	22.00	5.79	280.16
Core EBITDA Growth (%)	46.28	16.42	181.81
EBIT Growth (%)	55.01	26.39	108.47
PAT Growth (%)	62.63	32.51	92.62
EPS Growth (%)	62.63	32.82	90.81
Total Debt/Equity (x)	0.02	0.07	-75.84
Current Ratio (x)	2.10	2.40	-12.34
Quick Ratio (x)	1.98	2.34	-15.13
Interest Cover (x)	37.55	14.97	150.77

STRENGTHS AND OPPORTUNITIES OF PRUDENT CORPORATE IPO:

Prudent Corporate Advisory Services Limited operates in a business segment that is still to grow on a large scale. The company is an underpenetrated AUM management company. The overall growth of the sector will lead to the company’s growth.
In the last 3 years, the company has registered a very high growth rate. It registered a growth of 20% CAGR.
The company has a granular retail AUM. It also stated that the focus is on shifting towards the high-yield equity AUM.
Prudent Corporate Advisory Services Limited has a strong value proposition. It has helped the company to have a better and a long-standing relationship with the mutual funds subsequently.

The company uses innovative methodology along with the technology for their business operation.
It also has a Pan-India distribution network. The company has a higher focus on expansion into underpenetrated B-30 markets.
The company has a strong offline as well as an online presence. The fundamentals and operation matrix of the company are solid.
Prudent Corporate Advisory Service Limited is the largest organization engaged in standalone retail wealth management services. It has been considered when we exclude banks and brokers.

Click on this link for discount stock brokers comparison.

WEAKNESS AND THREATS OF PRUDENT CORPORATE IPO:

The company operates in a highly regulated environment. It needs to follow all the laws, regulations and government policies. Any non – compliance or default can lead to the cancellation of their license.
The company’s business is highly dependent on its ability to add and retain Mutual Funds.
The major threat to the company is its inability to grow at its past performance. The past quarter of the company was over excellent in terms of the AUM.
The threat of changes in their mutual fund’s total expense ratio is another. Prudent Corporate Advisory Services Limited may experience a decrease in income and margins during regulatory changes. It will lead to a reduction in their revenue along with significant pressure on their financial data.
Prudent Corporate Advisory Services Limited also worries about sustainability in bad times. It raises concerns about their prospects and plans in this highly volatile market.
The company faces immense stiff competition. Earlier their business operation as a mutual fund and Insurance distributor was not very competitive. Therefore, after coming of the discount brokers such as Zerodha, Paytm Money, and Groww it has restricted their margins. The new players are also buying direct plans.
On current valuations, the asking PE of 35 looks a bit expensive on the front of the IPO.
In Conclusion, the worry of inflation and other factors such as a hike in the interest rates can hurt the company’s listing. On the short-term conditions, the listing doesn’t look to be effective.

COMPARISON WITH PEERS:

Name of the Company	Face Value as in Rs.	EPS of the company as in Rs.	PE ratio	PAT of the company as in Rs. in crores	Market cap as in Rs. in crores
Prudent Corporate Advisory Services Limited	Rs. 5	Rs.19	34	Rs. 76	Rs. 2520
IIFL Wealth Management Ltd	Rs. 2	Rs. 65.13	26.6	Rs. 578	Rs. 15,560
ICICI Securities Ltd	Rs. 5	Rs. 42.85	12.3	Rs. 1,383	Rs. 16,948
Central Depository Services (India) Limited	Rs. 10	Rs. 29.78	42.8	Rs. 311	Rs. 13,292
Computer Age Management Services Limited	Rs. 10	Rs. 56.2	43.2	Rs. 274	Rs. 11,847
HDFC Asset Management Company Limited	Rs. 5	Rs. 65.32	30.8	Rs. 1,393	Rs. 42,892
Nippon Life India Asset Management Ltd	Rs. 5	Rs. 11.96	25.8	Rs. 744	Rs. 19,247
UTI Asset Management Company Ltd	Rs. 10	Rs. 42.09	18.6	Rs. 534	Rs. 9,940

PROMOTERS OF Prudent Corporate LIMITED IPO:

The promoters of the company areas:

Sanjay Shah

Pre-Issue Share Holding	56.78%
Post Issue Share Holding	56.78%

CONTACT DETAILS:

Prudent Corporate Advisory Service Limited

Prudent House, 3 Devang Park Society,

Panjarapole Cross Road, Ambawadi,

Ahmedabad 380 015, Gujarat

Tel: +91 79 4020 9600

E-mail: cs@prudentcorporate.com

Website: www.prudentcorporate.com

REGISTRAR:

Link Intime India Private Limited

C 101, 247 Park

L.B.S. Marg, Vikhroli (West),

Mumbai 400 083, Maharashtra

Tel: +91 22 4918 6200

E-mail: prudent.ipo@linkintime.co.in

Website: www.linkintime.co.in

LEAD MANAGER(S) OF PRUDENT CORPORATE IPO:

EMAMI LIMITED BUYBACK 2022 DETAILS

BuyBacks

Team TradingBuzz₹

-

May 9, 2022

0

Emami Limited is a company that is engaged in the business of healthcare. The Company was established in 1974 in Kolkata. It is the flagship company of Emami Group. The Company is a leading and fastest-growing company in the personal and healthcare businesses of the country. The Company has a wide product portfolio of over 300+ products. It is based on Ayurvedic formulations. The Company has many famous household brands under its product line. Fair and Handsome, Boro Plus, Menthol Plus Balm, Navratna, Kesh King, Zandu Balm, and Fast Relief. The Company has also entered into a new business venture. It recently entered the Home Hygiene Category. The Company in this range launched EMASOL. It was launched in a Range of Products. Checkout Emami Limited buyback 2022 price, size, buyback acceptance ratio and more details.

Emami has an employee base of 3100 people. The Company has a market base of 45 lakh plus retail outlets. It has strong distribution and network connections. Emami also has a network that includes 2800 distributors. The Company has 7 plants in an association. It has 4 regional offices and 1 overseas unit. The company also has seven overseas subsidiaries. It also has 26 distribution centres and 2 Associates across the country. Emami has a global presence. The Company’s operations are carried out in more than 60 countries. Emami has a presence in SAARC, SEA, and Africa Region. The Company sells its products also in Eastern Europe and the CIS. Last year, Emami Limited had a turnover in excess of Rs. 2881 crores.

NECESSITY OF THE ISSUE:

The objective of the Buyback of the Company is:

To improve the financial matrix of the Company. The financial matrix is ROE, RoCE
Reduction of the equity base of the Company
Long-term wealth creation with an increase in shareholders’ value.

EMAMI LIMITED BUYBACK 2022 OFFER DETAILS:

Buyback Type	Open Market Buyback
Buyback Record Date	Open Market Buyback, so no record date as for tendering process
Buyback Offer Amount	Rs. 162.00 Crores
Date of Board Meeting approving the proposal	03 February 2022
Date of Public Announcement	09 February 2022
Buyback Offer Size	0.66 % of the equity capital of the Company
Buyback Number of Shares	29,45,455 equity shares of the Company
Listing	NSE, BSE
Face Value	Rs. 1
Buyback Price	Rs. 550 per equity share.
Buyback Opening Date	09 February 2022
Buyback Closing Date	08 August 2022

FINANCIAL TRENDS OF EMAMI LIMITED BUYBACK 2022:

Particulars	For the year ending with the amount as in Rs. in millions
	31 March 21	31 March 20	31 March 19
Total Income	29,508.00	27,119.50	27,295.30
Profit After Tax	4,547.10	3,023.00	3,025.30
Net Worth	17,626.50	18,237.50	20,760.60

Earnings Per Share (Rs)	10.23	6.68	53.03
CEPS (Rs)	18.58	14.23	30.60
DPS (Rs)	8.00	4.00	100.00
Book NAV/Share (Rs)	39.65	40.24	-1.47
Tax Rate (%)	19.93	18.78	6.14
Core EBITDA Margin (%)	30.66	26.01	17.86
EBIT Margin (%)	20.36	15.09	34.91
Pre – Tax Margin (%)	19.90	14.30	39.15
PAT Margin (%)	15.93	11.61	37.17
Cash Profit Margin (%)	28.67	24.28	18.07
ROA (%)	17.66	11.22	57.39
ROE (%)	25.59	15.81	61.84
ROCE (%)	30.16	18.99	58.84
Asset Turnover (x)	1.11	0.97	14.74
Sales/Fixed Asset (x)	0.98	0.92	5.76
Working Capital/Sales (x)	6.75	11.00	-38.64
Fixed Capital/Sales (x)	1.02	1.08	-5.45
Receivable days	34.20	36.05	-5.13
Inventory Days	34.54	32.06	7.72
Payable days	132.60	128.28	3.36
PER (x)	47.67	25.43	87.44
PCE (x)	26.25	11.95	119.63
Price/Book (x)	12.30	4.22	191.12
Yield (%)	1.64	2.35	-30.28
EV/Net Sales (x)	7.43	2.94	153.12
EV/Core EBITDA (x)	22.46	10.43	115.37
EV/EBIT (x)	36.51	19.46	87.63
EV/CE (x)	8.50	2.91	191.94
M Cap / Sales	7.53	2.90	159.33
Net Sales Growth (%)	8.50	-1.48	676.21
Core EBITDA Growth (%)	27.52	-1.90	1545.34
EBIT Growth (%)	46.37	-6.18	849.84
PAT Growth (%)	48.83	1.18	4035.91
EPS Growth (%)	53.03	0.06	84972.67
Total Debt/Equity (x)	0.05	0.12	-54.81
Current Ratio (x)	1.61	1.30	23.35
Quick Ratio (x)	1.18	1.00	18.52
Interest Cover (x)	44.18	19.07	131.74
Total Debt/Market cap (x)	0.00	0.03	-84.46

EMAMI LIMITED BUYBACK CALCULATION OF ACCEPTANCE RATIO:

The calculation for the buyback is done. It is done considering that the investor buys 363 equity shares of the Company. The buying price is Rs. 450

The calculation is as: Rs.2,00,000 / 550 buyback price = 363 shares.

The amount invested will be in terms of 363 * Rs. 450 = Rs. 163,350

Acceptance Ratio	Investment	Shares Buyback	Profit
33%	Rs. 163,350	121	Rs. 12,095
50%	Rs. 163,350	181	Rs. 18,325
75%	Rs. 163,350	272	Rs. 27,488
100%	Rs. 163,350	363	Rs. 36,650

MARKET SUBJECT:

The Board of the Company has approved the proposal for the buyback. The Company plans to buy around 0.66 percent of the Company’s equity shares. The buyback is Rs. 162 crores at Rs. 550 per equity share of the Company. The Company has started the buyback offer. It is payable in cash, representing 2.97 % of the free reserves of the Company.

On the buyback day, the Company’s shares rose to nearly 4.1 percent. The stock ends the day with a closing price of Rs. 491.79. The stock of the Company also recorded a high of Rs. 498.4. The intraday low was Rs. 471.3. The stock of the Company has surged nearly 14% in the last year. The company board has not stated any minimum purchase requirements. No other conditions are mentioned in their open market-based buyback. The Company also stated that they would enhance their buyback size.

It will be done if the equity shares have been bought back well below the buyback price, currently, as of the latest shareholding pattern of the Company. The promoters of the Company hold 54.28 percent. The institutional players hold 16.43 percent. The non-banking mutual funds hold 20. 61 percent. The retail investors are the minority shareholders of the Company. They hold 4 percent of the Company’s equity.

The updated details as of 06 May are as follows:

Open: Rs. 475.6
High – Low: Rs. 487 – Rs.470.7
Previous Close: Rs. 483.8
Total Traded Value: 213358
Close: Rs. 474.8

Change of: -Rs. 1.20 (-1.86%)

COMPANY ADDRESS:

Emami Limited

Emami Tower, 687

Anandapur E M Bypass,

Kolkata -700 107,

West Bengal, India

Phone: +91-33-66136264

Email: investors@emamigroup.com

Website: http://www.emamiltd.in

REGISTRAR OF THE EMAMI LIMITED BUYBACK 2022:

Maheshwari Datamatics Pvt. Ltd

23, R.N Mukherjee Road,

5th Floor Kolkata West Bengal 700001

Tele: 033 22482248 / 22435029

Email: mdpldc@yahoo.com

Website: http://www.mdpl.in

MANAGER OF THE EMAMI LIMITED BUYBACK 2022:

IIFL Securities Ltd

10-floor IIFL Center Kamala Mills

Senapati Bapat Marg

Lower Parel (West), Mumbai – 400013

Telephone No: +91 22 46464600

Fax No: +91 22 24931073

Email: emami.buyback2022@iiflcap.com

Website: https://www.iiflcap.com

PENNAR INDUSTRIES LIMITED [BUYBACK 2022] DETAILS

BuyBacks

Team TradingBuzz₹

-

May 9, 2022

0

Pennar Industries is a leading company in the business of engineering products with value added. The company also offers engineering, operational, and technical solutions to the industry. Pennar Industries has a strong market presence through its business vertical in many sectors, including Automobiles and Infrastructure, General Engineering Power, General Engineering, Power, Construction & Repair, Power, Power, Building, Power, Power and Power. Checkout Pennar Industries Limited Buyback 2022 price, size, buyback acceptance ratio and more details.

The Company was initially formed and inaugurated as Pennar Steels in Aug 1975. Pennar Industries Limited is a multi-location along with a multi-product company with a diversified product portfolio of more than 1000 high precision and accuracy-based engineering products. The Company also produces around 2500 tools that are used in their operation, engineering, and technical solutions. Pennar Industries has 9 manufacturing plants, and most of these are located in Tamil Nadu and Maharashtra. The Company started their engineering excellence in 1998. The Company’s first manufacturing plant was established in Isnapur, Hyderabad.

Pennar Industries, throughout its business operation journey, has been a firm with a focus on growth and many strategic acquisitions with CAPEX plans. The Company also planned to build up its industrial manufacturing plant in foreign countries. It will help the Company boost its growth and the expansion of the scalability of the Company’s business. The Company has been associated as a service provider to many big companies, such as:

JSW	Ashok Leyland	NCC	Eicher	Voltas	P&G
Tata Group	IFB	Honda	Whirlpool	LG	BGR Energy
L&T	Mahindra	TVS	Toyota	HCC	Maruti Suzuki
Hyundai	MRF	NTPC	BHEL	BEML	DCM Shriram

NECESSITY OF THE ISSUE:

The objective of the Buyback of the Company is:

To improve the financial matrix of the Company, such as ROE, RoCE
Reduction in the equity base of the Company
Long term increase and wealth creation for the Shareholders

PENNAR INDUSTRIES LIMITED BUYBACK 2022 OFFER DETAILS:

Buyback Type	Open Market Buyback
Buyback Record Date	Open Market Buyback, so no record date as for tendering process
Buyback Offer Amount	Rs. 40 Crores
Date of Board Meeting approving the proposal	09 March, 2022
Date of Public Announcement	09 March, 2022
Buyback Offer Size	5.97% of the equity capital of the company
Buyback Number of Shares	—- equity shares of the company
Listing	NSE, BSE
Face Value	Rs. 5
Buyback Price	Rs. 50 per equity share.
Buyback Opening Date	23 March, 2022
Buyback Closing Date	22 September, 2022

Click on this link to get details about discount stock brokers.

FINANCIAL TRENDS OF PENNAR INDUSTRIES LIMITED BUYBACK 2022:

Particulars	For the year ending with the amount as in Rs. in Millions
	31 March 21	31 March 20	31 March 19
Total Income	15,440.10	21,268.30	21,598.50
Profit After Tax	28.40	534.00	666.60
Net Worth	6,958.30	7,003.30	6,674.90

Earnings Per Share (Rs)	0.18	3.65	-95.11
CEPS (Rs)	3.59	6.62	-45.84
DPS (Rs)	0.00	0.00	0.00
Book NAV/Share (Rs)	48.95	48.22	1.51
Tax Rate (%)	22.19	15.40	44.11
Core EBITDA Margin (%)	6.09	8.03	-24.16
EBIT Margin (%)	5.46	6.96	-21.49
Pre – Tax Margin (%)	0.24	3.00	-92.01
PAT Margin (%)	0.19	2.53	-92.66
Cash Profit Margin (%)	3.34	4.57	-26.79
ROA (%)	0.15	2.97	-94.89
ROE (%)	0.41	7.81	-94.79
ROCE (%)	6.87	12.99	-47.08
Asset Turnover (x)	0.81	1.17	-30.47
Sales/Fixed Asset (x)	1.69	2.68	-36.97
Working Capital/Sales (x)	9.13	17.00	-46.31
Fixed Capital/Sales (x)	0.59	0.37	58.66
Receivable days	98.48	74.48	32.22
Inventory Days	110.84	76.10	45.65
Payable days	100.54	75.04	33.98
PER (x)	90.95	3.83	2272.84
PCE (x)	4.53	2.11	114.30
Price/Book (x)	0.33	0.29	14.34
Yield (%)	0.00	0.00	0.00
EV/Net Sales (x)	0.50	0.28	76.04
EV/Core EBITDA (x)	6.78	3.13	116.45
EV/EBIT (x)	9.07	4.05	124.23
EV/CE (x)	0.40	0.32	24.83
M Cap / Sales	0.15	0.10	56.90
Net Sales Growth (%)	-27.59	-1.25	-2115.84
Core EBITDA Growth (%)	-41.11	-5.26	-681.23
EBIT Growth (%)	-43.15	-14.79	-191.68
PAT Growth (%)	-94.68	-19.89	-375.98
EPS Growth (%)	-95.11	-16.24	-485.67
Total Debt/Equity (x)	0.83	0.64	30.08
Current Ratio (x)	1.16	1.13	3.30
Quick Ratio (x)	0.69	0.68	1.47
Interest Cover (x)	1.05	1.76	-40.46
Total Debt/Market cap (x)	2.51	2.20	14.34

PENNAR INDUSTRIES BUYBACK CALCULATION OF ACCEPTANCE RATIO:

The calculation for the buyback offer has been done considering that the investor buys 4000 equity shares of the Company at a market price of Rs. 36.50.

The calculation will be in terms of Rs.2,00,000 / 50 buyback price = 4000 shares.

The amount invested will be in terms of 4000 * Rs. 36.50 = Rs. 146,000

Acceptance Ratio	Investment	Shares Buyback	Profit
33%	Rs. 146,000	1320	₹17,820
50%	Rs. 146,000	2000	₹27,000
75%	Rs. 146,000	3000	₹40,500
100%	Rs. 146,000	4000	₹54,000

Apply For IPO With Upstox

MARKET SUBJECT:

The Board of the Company has approved the proposal to buy around 5.97 per cent of the Company’s equity shares. The buyback is Rs. 40 crores at Rs. 50 per equity share of the Company. The buyback offers stated by the Company are payable in cash, representing 5.97 % of the total paid-up equity share capital and 5.93 % of the free reserves of the Company. On the day of the event’s announcement, the shares of the Company rose to nearly 3.42 per cent to end with a closing price of Rs. 36.30. Stock of the Company also reached a record high of Rs. 37.50 with an intraday low at Rs. 35.60. In the past year, the stock price of the Company has risen by around 12%.

The company board has not stated any minimum purchase requirements and conditions in their open market-based buyback. The Company stated that the Company will increase the size of its equity shares if they are bought back at a price well below their buyback price. As of the most recent shareholding pattern, the Company’s promoters hold 37.71 percent, while institutional players have a mere 0.23 percent. The retail investors are the Company’s majority shareholders as they hold 51.65 per cent of the Company’s equity.

Open: Rs. 39.5
High – Low: Rs. 40 – Rs. 39
Previous Close: Rs. 40.3
Total Traded Value: 683661
Close: Rs. 39.1

Chane of: -Rs. 1.20 (-2.98%)

Check out the complete Buyback 2022 details here.

COMPANY CONTACT ADDRESS:

Pennar Industries Limited

3 Floor, DHFLVC Silicon Towers, Kondapur,

Hyderabad – 500 084

Phone: +91 40 41923108

Email: corporatecommunications@pennarindia.com

Website: http://www.pennarindia.com

PENNAR INDUSTRIES BUYBACK ISSUE REGISTRAR:

KFintech Private Limited

KFintech, Tower-B, Plot No 31 & 32,

Financial District, Nanakramguda, Gachibowli,

Hyderabad, Telangana India – 500 032.

Phone: 04067162222, 04079611000

Email: pil.buyback@kfintech.com

Website: https://karisma.kfintech.com/

PENNAR INDUSTRIES BUYBACK LEAD MANAGER(S):

Finshore Management Services Limited

Filatex India Limited Buyback May 2022 – TradingBuzzr.com

BuyBacks

Team TradingBuzz₹

-

May 9, 2022

0

Filatex India Limited is a company engaged in the business activity of manufacturing the Polyester Filament Yarn. The company is also engaged in the manufacturing of the products like Monofilament Yarns used for Zippers, Tooth Brush Bristles, Polypropylene Yarn, Narrow Woven Fabrics and Forming Fabrics. Let’s delve into the key metrics of Filatex India Limited Buyback.

For carrying out their business production, the company built a 6000 Tons Per annum capacity manufacturing plant in Dadra & Nagar haveli. The plant has been built-in 1996. The plant initially started with a large-scale manufacturing capacity in polyester multifilament yarns. The machines installed were such that it could carry out the production of 600 tonnes per day. The plant also produced around 260 tonnes per day of POY. The company also set up a new manufacturing facility at Dahej in 2012. The regional office of the company is located in Maharashtra and Gujarat. Checkout Filatex buyback price, size, buyback acceptance ratio and more details.

OBJECTIVE OF THE BUYBACK OFFER:

The company stated that the necessity of the Buyback Issue aims at the following:

I) Policy of the company to distribute their surplus funds in favour of the shareholders and increase and improve the overall Return of the shareholders.

II) To improve their financial ratios and other operational ratios such as Earnings per share (EPS), Return on Equity (ROE), Return on Capital Employed (RoCE), and Return on assets (ROA).

FILATEX INDIA LIMITED BUYBACK DETAIL:

The company stated that the buyback offer of the equity shares would be a Tender Offer as per the Buyback Regulations stated by the company and guidelines of SEBI. It also stated that the reservation of the small shareholders would be defined as per the Buy-back Regulations.

The company board recently approved the proposal of a buyback of 42,50,000 equity shares of the company for Rs. 140 for every equity share. The company stated that its buyback offer would be around 1.89% of the company’s total fully paid-up equity capital base. The buyback offer of the company is a Tender Offer.

Check out the complete Buyback 2022 details

Issue Period	From May 9, 2022, to May 23, 2022
Security Name	Filatex India Limited
Issue Type	Tender Offer
Issue Size (Shares)	42,50,000 equity shares
Issue Size (Amount)	Rs. 59.50 Crores
Buyback Price	Rs. 140 per equity share
Face Value of the Equity Share	Rs. 2 per equity share
Listing At	BSE, NSE
Record Date for the offer	April 8, 2022
Last Date for receipt of Tender Forms	May 23, 2022
Finalisation of the Buyback Acceptance from the company	May 27, 2022
Last Date for settlement of the bids	June 1, 2022
Last Date for Extinguishment of Shares	June 8, 2022

FILATEX INDIA LIMITED BUYBACK RATIO:

Category	Entitlement Ratio of Buyback
Reserved Category for the Small Shareholders of the company	23 Equity Shares out of every 226 equity shares held as of the record date for the buyback offer.
General Category that is been eligible for all other Shareholders	8 Equity Shares out of every 485 equity shares held as of the record date for the buyback offer.

FINANCIAL TRENDS OF THE COMPANY:

Particulars	For the year ending with the amount as in Rs. in Lakhs
	31 March 21	31 March 20	31 March 19
Total Income	2,23,660.74	2,79,448.95	2,88,588.53
Profit After Tax	16,583.32	12,147.04	8,484.60
Net Worth	68,976.87	52,272.04	39,934.67
Reserves and Surplus	64,560.51	47,878.34	35,584.67

PARAMETER	MARCH 21	MARCH 20	YoY %
Earnings Per Share (Rs)	3.91	13.73	-71.55
CEPS (Rs)	5.97	4.16	43.49
DPS (Rs)	0.00	0.00	0.00
Book NAV/Share (Rs)	21.60	88.45	-75.58
Tax Rate (%)	35.18	35.54	-1.00
Core EBITDA Margin (%)	7.54	7.93	-4.92
EBIT Margin (%)	6.46	6.93	-6.68
Pre – Tax Margin (%)	4.56	4.69	-2.82
PAT Margin (%)	2.96	3.03	-2.28
Cash Profit Margin (%)	4.52	4.59	-1.43
ROA (%)	5.96	4.79	24.49
ROE (%)	19.89	16.84	18.10
ROCE (%)	17.11	13.99	22.26
Asset Turnover (x)	2.01	1.58	27.40
Sales/Fixed Asset (x)	2.87	2.40	19.45
Working Capital/Sales (x)	99.69	51.72	92.74
Fixed Capital/Sales (x)	0.35	0.42	-16.29
Receivable days	17.10	34.20	-50.01
Inventory Days	23.27	31.69	-26.58
Payable days	7.39	11.11	-33.46
PER (x)	13.62	2.37	474.52
PCE (x)	8.90	7.82	13.91
Price/Book (x)	2.46	1.84	33.88
EV/Net Sales (x)	0.60	0.72	-17.35
EV/Core EBITDA (x)	7.52	8.31	-9.58
EV/EBIT (x)	9.24	10.19	-9.28
EV/CE (x)	1.21	0.97	25.15
M Cap / Sales	0.40	0.37	9.62
Net Sales Growth (%)	49.10	24.28	102.24
Core EBITDA Growth (%)	36.29	15.35	136.47
EBIT Growth (%)	35.84	21.16	69.40
PAT Growth (%)	42.24	47.44	-10.95
EPS Growth (%)	-71.55	47.44	-250.84
Total Debt/Equity (x)	1.29	1.85	-30.39
Current Ratio (x)	1.08	1.09	-0.84
Quick Ratio (x)	0.61	0.64	-5.35
Interest Cover (x)	3.40	3.10	9.52
Total Debt/Market capitalization (x)	0.52	1.00	-48.01

Apply For IPO With Zerodha

VALUATIONS OF THE COMPANY:

Market Cap of the company = Rs. 2495.94 Crores
Earnings Per Share as on TTM basis = Rs.15.21
Price To Earnings (P/E) Ratio = 7.29
Book Value Per Equity Share of the company = Rs. 44.71
Price/Book as on MRQ basis = 2.48
Price/Earnings as on TTM basis = 6.17
ROCE (%) = 22.43
PAT Margin = 7.38
Dividend Yield = 0.36

WORKING CALCULATION OF PROFIT AS PER THE ACCEPTANCE RATIO:

The maximum market value of a shareholder that is eligible for a buyback offer as on the record date	Rs 2,00,000
The company has decided on the buyback price	Rs. 140
Maximum shares for small shareholders as per the buyback price (2,00,000/140) 1,428 equity shares of the company	1,428 equity shares of the company
The closing price of the stock for consideration of the profit from the buyback	R126.75
Maximum amount invested in buyback as per the closing price above considered (126.75 x 1,428 shares)	Rs. 1,80,999

The profit that can be from Filatex Buyback as per the Acceptance Ratio:

Acceptance ratio	Amount invested in the buyback	No. of shares bought back	Buyback Profit	Profit in %
33%	1,80,999	476	6,307	3.48
50%	1,80,999	714	9,460	5.23
75%	1,80,999	1,071	14,190	7.84

MARKET REACTION ON FILATEX INDIA LIMITED BUYBACK:

Currently, the stock is trading at Rs. 113.95 and registered a positive closing with 0.57%. Due to the tension created by the rise in inflation, rise in the RRP and CRR by the RBI, and staggering financials amidst the Russia- Ukraine War, the stock has gone through a significant correction from the top. The stock is currently trailing in a consolidation zone despite the fear in the market. Earlier, the stock registered a higher price of Rs. 129. 35 on NSE in February, with the average price calculated in January at around Rs. 120.46. The stock is currently trailing at a discount from its Buyback Offer Price as per the current market price. The buyback offer at full acceptance is at a premium of Rs. 26 or nearly 21% of the Buyback Price offered by the company.

COMPANY ADDRESS:

Filatex India Limited

43, Community Centre,

New Friends Colony,

New Delhi – 110025 (INDIA)

Phone: 91-11-26312503, 91-11-26848633, 91-11-26848644

Fax: 91-11-26849915

Website: www.filatex.com

REGISTRAR OF THE FILATEX INDIA LIMITED BUYBACK:

MCS Share Transfer Agent Limited

F-65, Okhla Industrial Area, Phase – I, New Delhi, Delhi – 110020

Tel: +011-41406148/49/52;

Fax: +011-41709881

Contact Person: Mr. Amarjit

Email: admin@mcsregistrars.com

Website: www.mcsregistrars.com

MANAGER OF THE BUYBACK:

Corporate Professionals Capital Private Limited

D-28, South Extension Part-1, New Delhi-110049

Tel: 011-40622230/ 40622251/ 40622209;

Contact person: Ms. Anjali Aggarwal,

Email: mb@indiacp.com

Website: www.corporateprofessionals.com

REGISTERED BROKER

SMC Global Securities Limited

Email: nishant.ag@smcindiaonline.com

Follow us on our Social Chennals.

Atul Limited Buyback 2022 Details

BuyBacks

Team TradingBuzz₹

-

May 8, 2022

0

Atul Limited is a company that has been engaged in the business front of an integrated chemical manufacturing company in the country. The founder of the Company is Kasturbhai Lalbhai. He founded the Company on September 5, 1947. The Company has a very diversified product portfolio as it manufactures about 1,350 products which include 900 Finished chemicals along with the 450 Advanced Pharma Intermediates and formulations. Atul limited is a growing MNC company in the country with 4000 customers in 30 countries. The Company also holds subsidiaries in the USA, China, UK, UAE, and Brazil. It has helped the Company achieve a higher market share, depth, and breadth of the business globally. Checkout Atul Limited buyback 2022 price, size, buyback acceptance ratio and more details.

Atul, limited over many years of its business engagement, has established a joint venture with many MNCs such as American Cyanamid Company and Ciba-Geigy Ltd, where they are a part of the BASF AG and Pfizer Inc group. The Company also holds a JV with Imperial Chemical Industries, which is now a part of the Akzo Nobel and Astra Zeneca firm. The headquarters of the Company are in Valsad, Gujarat, with its first manufacturing plant established on 1,250 acres. The Company is an ISO 14001 certified company and ISO standards certified Company for optimum quality of their product and the venture of safety and environmental protection.

Atul Limited has a diversified market reach as the Company has been engaged in the business of Life Science, Chemical manufacturing, and Scientific formulations & Chemical troubleshooting. The clients of the Company are widespread in many industries, such as:

Adhesives	Cosmetic	Footwear	Paint, thinner and Coatings	Rubber
Agriculture	Defence	Fragrance	Paper	Soap and Detergent
Animal Feed	Dyestuff	Glass	Personal Care	Sport and Leisure
Automobile,	Electrical and Electronics	Home Care	Pharmaceutical	Textile
Composites	Flavour	Horticulture	Plastic	Tyre
Construction	Food	Hospitality	Polymer	Wind Energy

NECESSITY OF THE ISSUE:

The objective of the Buyback of the Company is:

To improve the financial matrix of the Company, such as ROE, RoCE
Reduction in the equity base of the Company
Long term increase and wealth creation for the Shareholders

Check out the complete Buyback 2022 details here.

ATUL LIMITED BUYBACK 2022 OFFER DETAILS:

Buyback Type	Open Market Buyback
Buyback Record Date	Open Market Buyback, so no record date as for tendering process
Buyback Offer Amount	Rs. 70 Crores
Date of Board Meeting approving the proposal	25 March, 2022
Date of Public Announcement	25 March, 2022
Buyback Offer Size	0.22%% of the equity capital of the company
Buyback Number of Shares	63,636 equity shares of the company
Listing	NSE, BSE
Face Value	Rs. 10
Buyback Price	Rs. 11,000 per equity share.
Buyback Opening Date	07 April, 2022
Buyback Closing Date	04 October, 2022

FINANCIAL TRENDS OF ATUL LIMITED BUYBACK:

Particulars	For the year ending with the amount as in Rs. in Crores
	31 March 21	31 March 20	31 March 19
Total Income	3,834.45	4,171.10	4,072.67
Profit After Tax	660.02	670.91	436.02
Net Worth	3,826.52	3,154.90	2,705.71

PARAMETER	MARCH 21	MARCH 20	YoY %
Earnings Per Share (Rs)	221.62	224.70	-1.37
CEPS (Rs)	266.67	268.42	-0.65
DPS (Rs)	20.00	27.50	-27.27
Book NAV/Share (Rs)	1293.17	1063.68	21.58
Tax Rate (%)	25.35	20.76	22.08
Core EBITDA Margin (%)	24.35	22.04	10.51
EBIT Margin (%)	23.68	20.76	14.07
Pre – Tax Margin (%)	23.43	20.53	14.13
PAT Margin (%)	17.49	16.27	7.52
Cash Profit Margin (%)	21.15	19.45	8.72
ROA (%)	13.75	16.34	-15.83
ROE (%)	18.70	22.73	-17.71
ROCE (%)	24.49	28.22	-13.20
Asset Turnover (x)	0.79	1.00	-21.72
Sales/Fixed Asset(x)	2.05	2.64	-22.21
Working Capital/Sales (x)	2.12	3.03	-29.99
Fixed Capital/Sales (x)	0.49	0.38	28.55
Receivable days	71.06	63.23	12.38
Inventory Days	53.68	45.26	18.58
Payable days	112.05	79.42	41.09
PER (x)	31.93	17.69	80.49
PCE (x)	26.53	14.81	79.18
Price/Book (x)	5.47	3.74	46.42
Yield (%)	0.28	0.69	-59.15
EV/Net Sales (x)	5.55	2.90	91.56
EV/Core EBITDA (x)	20.31	12.10	67.78
EV/EBIT (x)	23.44	13.96	67.93
EV/CE (x)	4.03	2.72	48.12
M Cap / Sales	5.61	2.88	94.80
Net Sales Growth (%)	-8.83	1.37	-745.63
Core EBITDA Growth (%)	4.09	22.26	-81.64
EBIT Growth (%)	3.99	24.48	-83.68
PAT Growth (%)	-1.98	54.51	-103.63
EPS Growth (%)	-1.37	54.19	-102.53
Total Debt/Equity (x)	0.03	0.03	-3.78
Current Ratio (x)	2.75	2.43	13.01
Quick Ratio (x)	2.16	1.90	13.66
Interest Cover (x)	94.52	90.41	4.55
Total Debt/Market cap (x)	0.01	0.01	-34.23

ATUL LIMITED BUYBACK CALCULATION OF ACCEPTANCE RATIO:

The calculation for the buyback offer has been done considering that the investor buys 18 equity shares of the Company at a market price of Rs. 10362. Click on this link to get details about discount stock brokers.

Acceptance Ratio	Investment	Shares Buyback	Profit
33%	Rs. 186,516	5	Rs. 3,190
50%	Rs. 186,516	9	Rs. 5,742
75%	Rs. 186,516	13	Rs. 8,294
100%	Rs. 186,516	18	Rs. 11,484

Apply For IPO With Upstox

MARKET SUBJECT:

The Board of the Company has approved the proposal to buy around 0.22 percent of the equity shares of the Company. The buyback is Rs. 70 crores at Rs. 11,000. The buyback offers stated by the Company are payable in cash, representing 2.16 % of the total paid-up equity share capital and 2.10% of the free reserves of the Company. On the day of the event’s announcement, the shares of the Company were trading in a negative trajectory and ended the day with Rs. 9772 per equity share. The stock of the Company has surged around 38% in the last year, while on a YTD basis, it has given a positive return of 8 percent nearly.

The company board also stated that the minimum purchase via the open market for the buyback is 63,636 equity shares. The Company also stated that if the equity shares have been bought back at a well below the buyback price, it will enhance their buyback size in terms of the Company’s equity shares. Currently, as of the latest shareholding pattern of the Company, the promoters of the Company hold 44.94 percent, while the institutional players hold a total of 32.63 percent. The retail investors only hold 18.2 percent of the equity of the Company. Holding.

On May 06, the stock performed as:

Open: Rs. 8500
High – Low: Rs. 8650 – Rs. 8295
Previous Close: Rs. 8556.15
Total Traded Value: 49200
Close: Rs. 8533.00

Chane of: -Rs. 23.15 (-0.27%)

READ ABOUT: UPL Buyback 2022

COMPANY ADDRESS:

Atul Limited

Atul House,

G I Patel Marg,

Ahmedabad 380 014

Phone: (+91 79) 26461294

Email: shareholders@atul.co.in

Website: https://www.atul.co.in/

REGISTRAR OF THE BUYBACK:

Link Intime India Private Limited

506-508 Amarnath Business Centre – 1

Umashankar Joshi Marg,

off C G Road, Ahmedabad 380 006,

Gujarat, India

Phone: (+91 79) 26465179 | 86 | 87

E-mail: nilesh.dalwadi@linkintime.co.in

Website: www.linkintime.co.in

MANAGER OF THE BUYBACK:

Vibro Financial Services Private Limited

Vivro House, 11 Shashi Colony,

Opposite Suvidha Shopping Center

Paldi, Ahmedabad 380 007,

Gujarat, India

Phone: (+9179) 40404242

Fax no.: (+9179) 26650570

Email: investors@vivro.net

Website: www.vivro.net