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Patron Exim IPO: GMP, Price, Size & Dates

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Patron Exim IPO: GMP, Price, Size & Dates

Patron Exim Ltd, an Ahmedabad-based business founded in 1992, trades and distributes a variety of pharmaceutical raw materials, sometimes referred to as industrial chemicals, excipients, and solvents, generally known as APIs (Active Pharmaceutical Ingredients). 

The product line offered by Patron Exim consists of about 150 AIPs, excipients, pharmachemicals, and intermediates. Additionally, the company trades a wide range of chemicals, including petrochemicals, dyes and pigment chemicals, paints and specialty chemicals, agrochemicals, oil and refinery chemicals, foam and adhesive, and plywood and laminate chemicals. The organisation employs a total of 09 permanent workers throughout its departments. 

Patron Exim IPO Details 

IPO Dates 21 – 24 February 2023 
IPO Price INR 27 per share 
Fresh issue 61,80,000 shares (INR 16.69 crore) 
Offer For Sale Nil 
Total IPO size 61,80,000 shares (INR 16.69 crore) 
Minimum bid (lot size) 4,000 shares (INR 108,000) 
Face Value  INR 10 per share 
Retail Allocation 50% 
Listing On BSE SME 
Indong Tea Company IPO: GMP, Size, Price & Dates

 
Patron Exim IPO Dates  

IPO Offer Opening Date 21 February 2023 
IPO Closing Date 24 February 2023 
Finalisation of Basis of Allotment 1 March 2023 
Initiation of refunds 2 March 2023 
Transfer of shares to demat accounts 3 March 2023 
Patron IPO Listing Date 6 March 2023 
Opening Price on BSE SME Coming soon 
Closing Price on BSE SME Coming soon 

Company Financial Performance 

  FY 2020 FY 2021 FY 2022 8M FY 2023 
Revenue 2,488.70 2,053.58 387.95 960.00 
Expenses 2,512.44 2,038.86 359.70 849.47 
Net income 2.20 7.31 83.11 145.41 

 
Objects of the Issue: 

The Company proposes to utilize the Net Proceeds from the issue towards the following objects: 1. Working capital requirement 2. General Corporate Purpose, 3. Meeting Public Issue Expenses. 

Patron Exim Offer News

Patron Exim Contact Details


411, Safal Perlude, B/h Ashwaraj Bunglows,
100 FT Road, Prahladnagar, Vejalpur,
Ahmedabad – 380015, Gujarat, India
Phone: +91 99799 78393
E-mail: info@patronexim.com
Website: www.patronexim.com

Patron Exim Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone:+91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

Offer Lead Manager

INTERACTIVE FINANCIAL SERVICES LIMITED
612, 6th Floor, Shree Balaji Heights,
Kokilaben Vyas Marg, Ellisbridge,
Ahmedabad – 380 009, Gujarat, India
Phone : 079 46019796
Email: mbd@ifinservices.in
Website: www.ifinservices.in

Sealmatic India IPO: GMP, Price, Size & Dates

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Sealmatic India IPO: GMP, Price, Size & Dates

Sealmatic India Limited, a 2009 incorporation, is in the business of designing and producing mechanical seals and related products. The company primarily produces mechanical seals for the pulp and paper, oil and gas, refinery, petrochemical, chemical, fertiliser, power, mining, aerospace, marine, pharmaceutical, and other industrial sectors. 

To satisfy the needs of the customers, Sealmatic produces seals that are specifically tailored. The company’s operations are well known not just in India but even internationally. The company is currently present in over 45 nations, including India. The USA, Sweden, the UK, Germany, Italy, Japan, Norway, Switzerland, Denmark, the Netherlands, Australia, France, and many other nations are among them. 

The company production facility is located at Shanti Vidya Nagri Road, Mira Road (E), Thane. The area of the land is 3,855.86 square metres. To grow its business, the company intends to build another manufacturing plant. In Thane’s Khindipada Village Vasai East, the second unit will be situated. 

Sealmatic India IPO Details 

IPO Dates 17 – 21 February 2023 
IPO Price INR 220 – 225 per share 
Fresh issue 18,50,000 shares 
Offer For Sale 6,49,600 shares 
Total IPO size 24,99,600 shares (INR 56.24 crore) 
Minimum bid (lot size) 600 shares (INR 135,000) 
Face Value  INR 10 per share 
Retail Allocation 35% 
Listing On BSE SME 
Indong Tea Company IPO: GMP, Size, Price & Dates

Sealmatic India IPO Dates  

IPO Offer Opening Date 17 February 2023 
IPO Closing Date 21 February 2023 
Finalisation of Basis of Allotment 24 February 2023 
Initiation of refunds 27 February 2023 
Transfer of shares to demat accounts 28 February 2023 
Sealmatic India IPO Listing Date 1 March 2023 
Opening Price on BSE SME Coming soon 
Closing Price on BSE SME Coming soon 

Company Financial Performance 

  FY 2020 FY 2021 FY 2022 H1 FY 2023 
Revenue 3,309.1 3,532.6 4,254.1 2,562.7 
Expenses 2,690.9 2,674.0 3,144.7 1,815.2 
Net income 494.1 649.8 841.5 543.5 

Objects of the Issue 

The Objects of the Net Issue is to raise funds for: 

  1. Purchase of Plant and Machinery 
  1. Product Development 
  1. Marketing and after Sales Support 
  1. General Corporate Purpose 
  1. Provisions and Contingency 
  1. Working Capital Requirement 

Sealmatic India Offer News

Company Contact Information

Sealmatic India Limited
4th Floor, Techniplex -I, Techniplex Complex,
Off Veer Savarkar Flyover,
Goregaon (West), Mumbai – 400062
Phone: +91 9867058592
Email: compliance@sealmaticindia.com
Website: https://www.sealmaticindia.com/

Sealmatic India IPO Registrar

KFin Technologies Limited

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

Sealmatic India IPO Lead Manager(s)

  1. ISK Advisors Pvt Ltd (Past IPO Performance)

Macfos IPO: Issue Size, Price, GMP & Dates

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Macfos IPO: Issue Size, Price, GMP & Dates

Macfos Ltd, which was founded in 2017, specialises on online shopping. The business operates Robu.in, an e-commerce website and mobile application. The company sells a wide variety of electronic products, including sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays, and various other mechanical and electronic parts. It also sells robotic parts, drone parts, e-bike parts, IoT & Wireless items, 3D printer & parts, DIY learning kits, development boards, and Raspberry Pi (Single Board Computers & Peripherals). 

For Purpose procuring electrical goods and parts as of September 30, 2022, Macfos Limited has connections with over +140 domestic and international vendors. The business also has a portfolio of three owned brands that are made or purchased from outside sources. The business features a fulfilment centre with a 7,900 square foot floor area and third-party logistics services in Pune, Maharashtra. The business has fulfilled more than 2 lakh orders from more than 83,000 clients (about the seating capacity of the Los Angeles Memorial Coliseum) directly through the website and mobile application. 

Macfos IPO Details 

IPO Dates 17 – 21 February 2023 
IPO Price INR 96 – 102 per share 
Fresh issue Nil 
Offer For Sale 23,28,000 shares (INR 22.35 – 23.75 crores) 
Total IPO size 23,28,000 shares (INR 22.35 – 23.75 crores) 
Minimum bid (lot size) 1,200 shares (INR 122,400) 
Face Value  INR 10 per share 
Retail Allocation 35% 
Listing On BSE SME 
Indong Tea Company IPO: GMP, Size, Price & Dates

Macfos IPO Dates & Listing Performance 

IPO Opening Date 17 February 2023 
IPO Closing Date 21 February 2023 
Finalisation of Basis of Allotment 24 February 2023 
Initiation of refunds 27 February 2023 
Transfer of shares to demat accounts 28 February 2023 
IPO Listing Date 1 March 2023 
Opening Price on BSE SME Coming soon 
Closing Price on BSE SME Coming soon 

Company Financial Performance 

  FY 2020 FY 2021 FY 2022 H1 FY 2023 
Revenue 1,621.81 2,711.92 5,551.47 3,578.12 
Expenses 1,580.54 2,521.89 4,782.23 3,206.78 
Net income 32.97 158.31 601.27 295.85 

 
Objects of the Issue 

The Selling Shareholders will be entitled to the entire proceeds of the Offer. 

Macfos Offer News

Company Contact Information

Macfos Limited
S. No. 78/1, Sumant Building,
Dynamic Logistics Trade Park, Dighi,
Bhosari Alandi Road, Pune – 411-015
Phone: +91-022-68197600
Email: cs@robu.in
Website: http://www.robu.in/

Macfos IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Macfos IPO Lead Manager(s)

  1. Hem Securities Limited (Past IPO Performance)

Viaz Tyres IPO: GMP, Size, Price & Dates

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Viaz Tyres IPO: GMP, Size, Price & Dates

Viaz Tyres Ltd, a 2018 incorporation situated in Ahmedabad, produces rubber tubes for bicycles, two- and three-wheelers, passenger cars, and heavy-load industrial vehicles. The business also deals in supplementary goods like white-labeled engine oil, grease, and off-road (OTR) and animal-driven vehicle (ADV) tubes. 

Under the brand name “Viaz,” the company sells rubber tubes, bicycle tyres, and related goods in both domestic and foreign markets. The business has a production plant in Nandasan, a town near Ahmedabad, Gujarat, India, with an established capacity to produce 7,00,000 tubes per month. In India, it has 15 domestic distributors for rubber tubes. The company is also present in the following 5 nations: Colombia, the United States of America, Turkey, Romania, and the United Arab Emirates. 

Viaz Tyres IPO Details 

IPO Dates 16 – 21 February 2023 
IPO Price INE 62 per share 
Fresh issue 32,26,000 shares (INR 20 crore) 
Offer For Sale Nil 
Total IPO size 32,26,000 shares (INR 20 crore) 
Minimum bid (lot size) 2,000 shares (INR 1,32,000) 
Face Value  INR 10 per share 
Retail Allocation 50% 
Listing On NSE EMERGE 
Indong Tea Company IPO: GMP, Size, Price & Dates

Viaz Tyres IPO Dates  

Offer Opening Date 16 February 2023 
IPO Closing Date 21 February 2023 
Finalisation of Basis of Allotment 24 February 2023 
Initiation of refunds 27 February 2023 
Transfer of shares to demat accounts 28 February 2023 
IPO Listing Date 1 March 2023 
Opening Price on NSE SME Coming soon 
Closing Price on NSE SME Coming soon 

Company Financial Performance 

  FY 2020 FY 2021 FY 2022 H1 FY 2023 
Revenue 1,994.37 2,917.26 2,933.04 2,379.10 
Expenses 1,974.77 2,852.70 2,732.06 2,175.02 
Net income 14.51 60.64 146.91 152.72 

Objects of the Issue 

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:  

1. Repayment or Prepayment or part repayment of Loan  

2. To Meet Working Capital Requirements  

3. General Corporate Purpose  

4. To meet Public Issue Expenses 

Viaz Tyres Offer News

Company Contact Information


915/916, Maple Trade,
Near Surdhara Circle, SAL Hospital Road,
Thaltej, Ahmedabad, 380059
Phone: 079-46016174
Email: cs@viaztyres.com
Website: https://www.viaztyres.com/

Viaz Tyres IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: viaztyres.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Viaz Tyres IPO Lead Manager(s)

  1. Beeline Capital Advisors Pvt Ltd (Past IPO Performance)

Vertexplus Technologies IPO: GMP, Price, Dates & size

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Vertexplus Technologies IPO: GMP, Price, Dates & size

Vertexplus Technologies Limited, an ISO 9001:2015 and ISO/IEC 27001:2013 certified Information Technology company, was established in 2010. The company provides consulting, outsourcing, infrastructure, and digital solutions and services. Having worked across various industries and sectors, Vertexplus collaborates with firms to cater to their dynamic Information Technology requirements and offer empowering solutions to fortify their current capabilities and develop opportunities for enduring growth. 

Vertexplus ensures quality and time delivery in the most cost-effective manner to determine the success of complex enterprise projects through five delivery models: 

  • Off-shore Model 
  • On-site Model 
  • Hybrid Model 
  • Global Model 
  • Strategic Partnerships 

Vertexplus Technologies IPO Details 

IPO Date Mar 2, 2023, to Mar 6, 2023 
Listing Date Mar 15,2023 
Face Value ₹10 per share 
Price ₹91 to ₹96 per share 
Lot Size 1200 Shares 
Issue Size 1,479,600 shares of ₹10 
(aggregating up to ₹14.20 Cr) 
Fresh Issue 1,479,600 shares of ₹10 
(aggregating up to ₹14.20 Cr) 
Issue Type Book Built Issue IPO 
Listing At NSE SME 
P/E (x) 28.83 
Market Cap (₹ Cr.) 52.6 
ITCONS E-Solutions IPO: GMP, Price, Dates and size

Vertexplus Technologies IPO Tentative Dates 

Event Tentative Date 
Opening Date Mar 2, 2023 
Closing Date Mar 6, 2023 
Basis of Allotment Mar 10, 2023 
Initiation of Refunds Mar 13, 2023 
Credit of Shares to Demat Mar 14, 2023 
Listing Date Mar 15, 2023 

Industry Overview 

The Information Technology industry has been experiencing substantial growth in recent years, with the global market size reaching USD 5.2 trillion in 2020, according to a Statista report. The industry is projected to continue expanding, with a CAGR of 5.3% from 2020 to 2021, propelled by the increasing adoption of digital transformation, cloud computing, and Internet of Things (IoT) technologies. 

Additionally, the outsourcing industry is expected to witness significant growth in the coming years, with a CAGR of 5.9% from 2021 to 2028, as per a report by Grand View Research. The industry’s growth is driven by the escalating adoption of digital technologies by businesses, coupled with the rising demand for cost-effective solutions. This trend creates an opportunity for companies like Vertexplus Technologies to expand their business and offer their services to clients across various industries. 

Company Financials 

Vertexplus Technologies Limited Financial Information (Restated Consolidated) 

Period Ended Total Assets Total Revenue Profit After Tax Net Worth Reserves and Surplus Total Borrowing 
31-Mar-20 989.70 1,963.92 61.23 380.37 379.37 209.55 
31-Mar-21 1,103.71 2,025.61 104.98 487.15 486.15 227.40 
31-Mar-22 1,308.76 2,132.04 186.05 673.11 273.11 279.15 
30-Sep-22 1,599.17 1,091.71 91.26 807.62 407.62 360.61 
Amount in ₹ Lakhs 

Objects of the Issue 

The company intends to utilize the proceeds of the Issue to meet the following objects:  

  1. To Meet Working Capital Requirement 
  1. General Corporate Purpose 
  1. To Meet the Issue Expenses 

Vertexplus Technologies IPO Prospectus

Company Contact Information

Vertexplus Technologies Limited
B-19, 10-B Scheme,
Gopalpura Road
Jaipur – 302018
Phone: +91 141 6622200 / 02
Email: support@vertexplus.com
Website: https://www.vertexplus.com/global/en/

Vertexplus Technologies IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/

Vertexplus Technologies IPO Lead Manager(s)

  1. Beeline Capital Advisors Pvt Ltd (Past IPO Performance)
Vertexplus Technologies

Systango Technologies IPO: GMP, Price, Dates & size

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Systango Technologies IPO: GMP, Price, Dates & size

Systango Technologies Limited, established in 2004, provides a diverse range of software solutions such as website development, mobile app development for iOS and Android, Web3 development, DeFi, data engineering, blockchain implementation, cloud computing, and digital marketing. These solutions enable businesses to create, execute, and manage customized digital platforms with a strong focus on data and analytics. 

Systango Technologies provides its services to a broad spectrum of industries, including but not limited to Hospitality, Property Tech, FinTech, and Fantasy Sports. Throughout its years of operation, the company has progressed as a proficient technical and professional service provider. Their complete technology solutions and support assist entities and organizations in efficiently executing innovations within their systems and adapting to the contemporary world. 

Systango Technologies IPO Details 

IPO Date Mar 2, 2023 to Mar 6, 2023 
Listing Date Mar 15, 2023
Face Value ₹10 per share 
Price ₹85 to ₹90 per share 
Lot Size 1600 Shares 
Issue Size 3,868,800 shares of ₹10 
(aggregating up to ₹34.82 Cr) 
Fresh Issue 3,868,800 shares of ₹10 
(aggregating up to ₹34.82 Cr) 
Issue Type Book Built Issue IPO 
Listing At NSE SME 
P/E (x) 15.13 
Market Cap (₹ Cr.) 132.02 
ITCONS E-Solutions IPO: GMP, Price, Dates and size

Systango Technologies IPO Tentative Dates 

Event Tentative Date 
Opening Date Mar 2, 2023 
Closing Date Mar 6, 2023 
Basis of Allotment Mar 10, 2023 
Initiation of Refunds Mar 13, 2023 
Credit of Shares to Demat Mar 14, 2023 
Listing Date Mar 15, 2023 

Industry Overview 

The company works in various industries such as software development, mobile application development, and web application development services to clients in different sectors, such as healthcare, finance, education, and e-commerce. The software development industry has been experiencing rapid growth in recent years, and this trend is anticipated to continue in the future. A report by Statista suggests that the global software development market was valued at USD 436.8 billion in 2020 and is predicted to increase to USD 697.8 billion by 2025, with a CAGR of 9.8% during the forecast period.

Likewise, the mobile application development industry is also observing significant growth. As per a report by Markets and, the global mobile application market size was estimated at USD 154.05 billion in 2020 and is projected to grow to USD 407.31 billion by 2026, with a CAGR of 16.2% during the forecast period. 

The web application development industry is also seeing an upsurge in growth, owing to the rising adoption of cloud-based solutions and the surging demand for web-based applications. According to a report by Grand View Research, the global web application firewall market was valued at USD 2.32 billion in 2020 and is projected to grow at a CAGR of 13.2% from 2021 to 2028. 

Company Financials 

Systango Technologies Limited Financial Information (Restated Consolidated) 

Period Ended Total Assets Total Revenue Profit After Tax Net Worth Reserves and Surplus 
31-Mar-20 744.32 1,455.31 251.88 476.81 421.81 
31-Mar-21 1,537.57 2,388.09 568.26 1,045.50 775.50 
31-Mar-22 2,288.97 3,392.10 676.99 1,722.49 1,452.49 
30-Sep-22 2,732.41 2,301.30 572.30 2,296.98 2,026.98 
Amount in ₹ Lakhs 

Objects of the Issue 

The company intends to utilize the proceeds of the Issue to meet the following objectives:- 

  1. Strategic Investment and Acquisitions; 
  1. Investment in Subsidiaries; 
  1. To Meet Working Capital Requirements; 
  1. General Corporate Purposes; 
  1. Issue Expenses. 

Systango Technologies IPO Prospectus

Company Contact Information

Systango Technologies Limited
Third Floor (LHS),
STP-I Crystal IT Park, Ring Road,
Indore – 452010
Phone: +91 0731 2971030
Email: cs@systango.com
Website: http://www.systango.com/

Systango Technologies IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

Systango Technologies IPO Lead Manager(s)

  1. Hem Securities Limited (Past IPO Performance)
Systango Technologies IPO

Agarwal Float Glass IPO: GMP, Price, Size & Dates

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Agarwal Float Glass IPO: GMP, Price, Size & Dates

Agarwal Float Glass India Limited, which was founded in 2018, trades in specialty glass products and glassware. As a wholesaler of glass and glass products, the company buys high-quality products from manufacturers and then offers them to clients directly or through sales managers. The business is an essential component of the Agarwal Group. Uma Shankar Agarwal and Mahesh Kumar Agarwal founded the Group in 1997 for the purpose of trading in glass and glass-related items. 

The company ships its goods all throughout the nation. Depending on the application, their goods are used in a variety of settings, including offices, hotels, institutions, banks, insurance firms, malls, diplomatic houses, and many more. The product line includes processed glass goods in a variety of thicknesses, different types of value-added glass products, and clear glass. The company not only trades glass but also provides processed glass, such as: 

  • Toughened glass 
  • Frosted glass 
  • Frosted design glass 
  • Leaguered glass, figure glass 
  • Heat-strengthened glass 
  • Insulated glass 
  • PVB laminated glass 
  • Bullet-resistant glass and all building glasses 

Agarwal Float Glass IPO Details 

IPO Dates 10 – 15 February 2023 
IPO Price INR 42 per share 
Fresh issue 21,90,000 shares (INR 9.20 crore) 
Offer For Sale Nil 
Total IPO size 21,90,000 shares (INR 9.20 crore) 
Minimum bid (lot size) 3,000 shares (INR 1,26,000) 
Face Value  INR 10 per share 
Retail Allocation 50% 
Listing On NSE Emerge 
Shera Energy IPO: GMP, Size, Issue Price & Dates

Agarwal Float Glass IPO Dates  

IPO Opening Date 10 February 2023 
IPO Closing Date 15 February 2023 
Finalisation of Basis of Allotment 20 February 2023 
Initiation of refunds 21 February 2023 
Transfer of shares to demat accounts 22 February 2023 
IPO Listing Date 23 February 2023 
Opening Price on NSE SME Coming soon 
Closing Price on NSE SME Coming soon 

Agarwal Float Glass Financial Performance 

  FY 2020 FY 2021 FY 2022 H1 FY 2023 
Revenue 32.09 31.63 42.10 23.56 
Expenses 31.84 31.54 40.76 19.98 
Net income 0.09 0.25 1.02 2.68 

 
Objects of the Issue: 

The Company proposes to utilize the funds which are being raised through this Issue towards the following objects: 

  1. Funding the working capital requirements of the company 
  1. General Corporate Purposes 

IPO Prospectus

Company Contact Information

Agarwal Float Glass India Limited
H-1/790, Sitapura Industrial Area Ext.,
Near Fire Bridge Office,
Jaipur – 302 022
Phone: +91 723 004 3211
Email: compliance@agarwafloat.com
Website: http://www.agarwalfloat.com/

IPO Registrar

KFin Technologies Limited

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

IPO Lead Manager(s)

  1. GYR Capital Advisors Limited (Past IPO Performance)

Lead Reclaim and Rubber IPO: GMP, Price & Dates

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Lead Reclaim and Rubber IPO: GMP, Price & Dates

Lead Reclaim and Rubber Products, a 2012 incorporation, produces reclaimed rubber, crumb rubber powder, and rubber granules. The business is dedicated to recycling in order to preserve precious natural resources. Gujarat’s Taluka-Katalal, Kheda, Sarali Road Village-Pithai is home to the company’s manufacturing facilities. The facility has a total install capacity of 5,520 metric tonnes and occupies a land area of about 7,790 square metres. 

The business provides its services to OEMs, Tier I automotive manufacturing businesses, distributors, and dealers. The business additionally markets its goods to customers abroad in Sri Lanka, Argentina, Turkey, and China. Its Product Portfolio covers a wide range of grades, thicknesses, widths, and standards of natural recovered rubber, butyl reclaimed rubber, and entire tyre reclaimed rubber. 

Lead Reclaim and Rubber IPO Details 

IPO Dates 9 – 13 February 2023 
IPO Price INR 25 per share 
Fresh issue 19,50,000 shares (INR 4.88 crore) 
Offer For Sale Nil 
Total IPO size 19,50,000 shares (INR 4.88 crore) 
Minimum bid (lot size) 6,000 shares (INR 1,50,000) 
Face Value  INR 10 per share 
Retail Allocation 50% 
Listing On NSE EMERGE 
Shera Energy IPO: GMP, Size, Issue Price & Dates

Lead Reclaim and Rubber IPO Dates  

IPO Opening Date 9 February 2023 
IPO Closing Date 13 February 2023 
Finalisation of Basis of Allotment 16 February 2023 
Initiation of refunds 17 February 2023 
Transfer of shares to demat accounts 20 February 2023 
IPO Listing Date 21 February 2023 
Opening Price on NSE SME Coming soon 
Closing Price on NSE SME Coming soon 

Company Financial Performance 

  FY 2020 FY 2021 FY 2022 H1 FY 2023 
Revenue 477.31 703.50 1,030.09 492.39 
Expenses 440.52 654.17 970.60 450.91 
Net income 36.36 22.74 47.87 35.55 

 
Objects of the Issue: 

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects: 

  1. Funding our working capital requirements; 
  1. Purchase of plant and machinery for augmenting our Manufacturing Facility; and 
  1. General corporate purposes 

Lead Reclaim and Rubber Products IPO Prospectus

Company Contact Information

Lead Reclaim and Rubber Products Limited
A/8, Sunvilla Complex, Near Chines Hut Hotel,
Dahej, Bypass Road,
Bharuch-392001
Phone: +91 73590 10333
Email: info@leadrubber.com
Website: http://www.leadreclaim.com/

IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Lead Reclaim and Rubber Products IPO Lead Manager(s)

  1. Fedex Securities Limited (Past IPO Performance)

Indong Tea Company IPO: GMP, Size, Price & Dates

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Indong Tea Company IPO: GMP, Size, Price & Dates

Indong Tea Company Limited was founded in 1990 and specialises in the production of tea. The business operates a tea garden on land leased from the government and is involved in tea plantations and CTC tea manufacturing. They have a tea plantation, a tea factory, a withering trough house, officer’s bungalows, staff quarters, labour quarters, a pump house, general stores, a dairy farm, etc. on their 740.38-hectare Indong Tea Estate. 

Devvrat Gupta, Shyam Saran Gupta, and Nagarmal Kanoria were the company’s original promoters. In 2014, under a takeover plan, the ownership was given to Sri Hariram Garg, a promoter of Asian Group. The Indong Tea Company’s goods are basically divided into: 

  1. CTC (Crush/Cut, Tear, Curl) Tea 
  1. Tea and Tea Plantation 
  1. Tea Manufacturing Process 
  1. Plucking 
  1. Withering 
  1. Rolling 
  1. Fermentation 
  1. Drying 
  1. Grading 
  1. Packing / Dispatching 

From the manufacturing of tea and other operations, the company clocked the following revenues for the years 2021, 2020, and 2019 – Rs. 2,313 lakhs, Rs. 1,672.64 lakhs, and Rs. 1,481.57 lakhs, respectively. 

Indong Tea Company IPO Details 

IPO Dates 9 – 13 February 2023 
IPO Price INR 26 per share 
Fresh issue 5,004,000 shares (INR 13.01 crore) 
Offer For Sale Nil 
Total IPO size 5,004,000 shares (INR 13.01 crore) 
Minimum bid (lot size) 4,000 shares (INR 1,04,000) 
Face Value  INR 10 per share 
Retail Allocation 50% 
Listing On BSE SME 
Shera Energy IPO: GMP, Size, Issue Price & Dates

Indong Tea Company IPO Timetable 

Indong Tea Company IPO Opening Date 9 February 2023 
IPO Closing Date 13 February 2023 
Finalisation of Basis of Allotment 16 February 2023 
Initiation of refunds 17 February 2023 
Transfer of shares to demat accounts 20 February 2023 
IPO Listing Date 21 February 2023 
Opening Price on BSE SME Coming soon 
Closing Price on BSE SME Coming soon 

Company Financial Performance 

  FY 2020 FY 2021 FY 2022 H1 FY 2023 
Revenue 1,549.17 2,306.74 1,948.66 1,319.27 
Expenses 1,504.77 1,887.40 1,616.01 991.52 
Net income (121.29) 127.56 131.62 204.61 

 
Objects of the Issue: 

The Objects of the Issue are: 

  • Funding Capital Expenditure towards Extension, Uprooting, and Infilling of Tea Plantation at Indong Tea Estate, Jalpaiguri, West Bengal 
  • Funding Capital Expenditure towards the installation of additional plant and machinery for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal 
  • To meet the working capital requirements 
  • To meet the Issue Expenses 
  • General Corporate Purposes 

Indong Tea Company IPO Prospectus

Company Contact Information

Indong Tea Company Limited
Sikkim Commerce House,
4/1, Middleton Street,
Kolkata – 700071
Phone: +91 33 4006 3601
Email: cs@indongteaco.com
Website: http://www.indongteaco.com/

IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

IPO Lead Manager(s)

  1. Finshore Management Services Limited (Past IPO Performance)

Muthoot Finance NCD 2023 Details

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<strong>Muthoot Finance NCD 2023 Details</strong>

Muthoot Finance Limited, a gold loan NBFC company with roots dating back 800 years and situated in Kerala, was founded in 1997. The business provides vehicle loans, personal loans, insurance, gold loans, money transfer services, foreign exchange, mutual funds, gold loans, and housing finance (home loans). 

As of September 30, 2022, the Muthoot Finance Gold Loan portfolio had 8.16 million loan accounts in India that were serviced by 4,641 branches located in 22 states, the national capital region of Delhi, and six union territories. As of September 30, 2022, the company had 27,204 employees working for us. The company had Rs. 276,630,69 million in bank and financial institution borrowings as of March 31, 2022. 

Muthoot Finance NCD 2023 Details 

Subscription Dates 8 Feb – 3 March 2023 
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) 
Face Value INR 1,000 per NCD 
Issue Price INR 1,000 per NCD 
Issue Size (Base) INR 100 crores 
Overall Issue Size (including oversubscription) INR 400 crores 
Minimum Lot Size 10 NCDs 
Market Lot 1 NCD 
Tenor 25 months 
37 months 
61 months 
Credit Rating ICRA AA+ Stable 
Category Reservation Category 1 (QIB): 5% 
Category 2 (NII): 5% 
Category 3 (HNI): 40% 
Category 4 (Retail): 50% 
Basis of Allotment First Come First Serve 
Listing On BSE SME 
Hazoor Multi Projects Rights Issue 2023 Details

NCD Allocation Ratio 

Category  NCD’s Allocated 
Institutional 5% 
Non-Institutional 5% 
HNI 40% 
Retail 50% 

NCD’s Offered by Category 

Category  NCD’s Reserved 
Institutional 50,000 
Non-Institutional 50,000 
HNI 400,000 
Retail 500,000 
Total NCD’s 1,000,000 

Company Financials 

Period Ended Total Assets Total Revenue Profit After Tax Net Worth 
31-Mar-20 54881.69 9707.27 3168.68 11829.21 
31-Mar-21 68641.44 11566.42 3818.87 15575.02 
31-Mar-22 76316.47 12237.46 4031.32 18785.72 
Amount in ₹ Crore 

Objects of the Issue: 

The Net Proceeds raised through this Tranche V Issue will be utilised for following activities: 

  1. For the purpose of lending – minimum of 75% of the amount raised and allotted in the Issue 
  1. For General Corporate Purposes – shall not exceed 25% of the amount raised and allotted in the Issue 

Muthoot Finance Limited NCD 2023 Prospectus

Company Contact Information

Muthoot Finance Limited
2nd Floor, Muthoot Chambers,
Opposite Saritha Theatre Complex,
Banerji Road, Kochi 682 018

Phone: (+91 484) 239 4712
Email: ncd@muthootgroup.com
Website: https://www.muthootfinance.com/

Muthoot Finance Limited NCD 2023 Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270
Email: mfl.ncd2022@linkintime.co.in
Website: https://linkintime.co.in/

Muthoot Finance Limited NCD 2023 Lead Manager(s)

  1. A.K. Capital Services Limited
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