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Innovana Thinklabs IPO: GMP, Price, Size & Dates

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Innovana Thinklabs Limited, previously known as PCVARK Software Limited, is a software and application development company based in Jaipur, Rajasthan. The company was founded in 2015 and specializes in designing, developing, and maintaining software systems and solutions. Innovana offers a range of products such as ad-blockers, disk cleanup tools, space revivers, file openers, and privacy protectors, among others. These products are used in 13 different languages across more than 126 countries. 

Currently, Innovana employs a total of 84 professionals, including permanent and on-call software technicians. The company’s products have gained widespread acceptance and usage, thanks to their utility and effectiveness in streamlining various software and system processes. With its focus on quality and innovation, Innovana continues to expand its product portfolio and improve its services to cater to the needs of its diverse customer base. 

Innovana Thinklabs

Innovana Thinklabs IPO Details 

IPO Date Nov 29, 2017 to Dec 4, 2017 
Listing Date Dec 12, 2017 
Face Value ₹10 per share 
Price ₹70 per share 
Lot Size 2000 Shares 
Total Issue Size 1,100,000 shares 
(aggregating up to ₹7.70 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At NSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

Industry Overview 

According to a report by ResearchAndMarkets.com, the global software market size was valued at USD 476.19 billion in 2020 and is projected to reach USD 723.86 billion by 2026, growing at a compound annual growth rate (CAGR) of 7.2% during the forecast period. 

Furthermore, the application development market is expected to grow at a CAGR of 9.3% from 2021 to 2028, according to a report by Grand View Research. The report highlights that the increasing adoption of cloud-based technologies, the growth of mobile devices, and the need for software customization are the key factors driving the growth of the application development market. 

Company Financials 

Company standalone financial performance (in INR crore) 
    FY2016 FY2017 Q1 FY2018 
Total revenue    6.6 15.8 5.4 
Total expenses    5.8 14.3 5.0 
Profit after tax    0.6 1.0 0.3 

Objects of the Issue 

The Net Proceeds from the Fresh Issue will be utilized towards the following objects: 
1. To Meet Working Capital Requirement 
2. To meet Capital Expenditure 
3. General Corporate Purpose 
4. To Meet the Issue Expenses 

Innovana Thinklabs IPO Prospectus

Company Contact Information

Innovana Thinklabs Limited
Plot No. 237A, Gopal Tower,
Ajmer Road,
Jaipur- 302006
Phone: +91-141-2362324
Email: info@pcvark.com
Websitehttp://www.pcvark.com/

Innovana Thinklabs IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: greivance@skylinerta.com
Websitehttps://www.skylinerta.com/

Innovana Thinklabs IPO Lead Manager(s)

  1. Swastika Investmart Ltd (Past IPO Performance)

ICE Make IPO: GMP, Price, Size & Dates

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ICE Make Refrigeration Ltd, a company established in 1993, is headquartered in Ahmedabad, Gujarat. The company is a manufacturer of refrigeration equipment under the brand name of ‘Ice Make’, which provides cooling solutions for various industries such as dairy, food processing, agriculture, pharmaceuticals, logistics, hospitality, and retail, among others. The company’s products are used in cold chains, hospitals, and ice-cream parlors, to name a few. 

ICE Make’s business is classified into four verticals, namely Cold Room, Commercial Refrigeration, Industrial Refrigeration, and Transport Refrigeration. The company’s top five products include Cold Room, Commercial Freezer, Chiller, Refrigerated Vehicle, and Ice Cream Hardener. The company is committed to providing energy-efficient and eco-friendly products that are designed to meet the specific needs of its customers. 

ICE Make

ICE Make IPO Details 

IPO Date Nov 28, 2017 to Nov 30, 2017 
Listing Date Dec 8, 2017 
Face Value ₹10 per share 
Price ₹55 to ₹57 per share 
Lot Size 2000 Shares 
Total Issue Size 4,160,000 shares 
(aggregating up to ₹23.71 Cr) 
Issue Type Book Built Issue IPO 
Listing At NSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

Industry Overview 

The refrigeration industry in India is growing at a steady pace, driven by the growth of the food processing, pharmaceutical, and cold chain industries. The increasing demand for frozen and chilled products is driving the growth of the refrigeration industry, which is expected to continue in the coming years. 

According to a report by ResearchAndMarkets, the Indian refrigeration market is expected to grow at a CAGR of 8.6% during the forecast period 2021-2026. This growth is attributed to factors such as increasing disposable income, changing food habits, and the growth of the e-commerce sector. The report also highlights the growth potential in the industrial refrigeration and transport refrigeration segments, which are expected to grow at a faster pace than the overall market. 

Company Financials 

Company financial performance (in INR crore) 
 FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018 
Total revenue 40.5 39.3 50.6 71.8 87.9 23.0 
Total expenses 39.3 38.0 49.2 67.8 80.1 20.8 
Profit after tax 0.8 0.9 0.9 2.6 5.1 1.5 

Objects of the Issue 

The proceeds of the Issue are proposed to be deployed for financing the following objects: 
1. To finance the capital expenditure; 
2. Expenditure towards enhancement of brand through brand building activities; 
3. Investment in Bharat Refrigerations Private Limited (Wholly Owned Subsidiary); 
4. To meet the incremental working capital requirement; 
5. General Corporate Purposes. 

ICE Make IPO Prospectus

Company Contact Information

ICE Make Refrigeration Ltd
B-1, Vasupujya Chamber, Near Navdeep Building,
Income-Tax Cross Road,
Ahmedabad 380009
Phone: +91 79 27540630
Email: info@icemakeindia.com
Websitehttp://www.icemakeindia.com/

ICE Make IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: icemake.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/

ICE Make IPO Lead Manager(s)

  1. Vivro Financial Services Private Limited (Past IPO Performance)

Shradha Infra IPO: GMP, Price, Size & Dates

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Shradha Infra projects (Nagpur) Private Limited is a real estate development company based in Nagpur, incorporated in 1997. The company focuses on the development and sale of residential and commercial properties, as well as the leasing of commercial properties. 

The company’s development business involves acquiring land, planning, executing, and selling residential and certain commercial properties. The lease business involves leasing commercial properties such as corporate offices and educational institutions. Shardha Infra primarily operates in Nagpur, focusing on premium developments in mixed-use and single-segment developments. 

Shradha Infra

Shradha Infra IPO Details 

IPO Date Nov 27, 2017 to Nov 30, 2017 
Listing Date Dec 11, 2017 
Face Value ₹10 per share 
Price ₹70 per share 
Lot Size  
Total Issue Size 2,704,000 shares 
(aggregating up to ₹18.93 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At NSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

Shradha Infra IPO Listing Details 

Listing Date Dec 11, 2017 
BSE Script Code  
NSE Symbol SHRADHA 
ISIN INE715Y01015 
Final Issue Price ₹70 per share 

 
Industry Overview 

According to industry reports, the Indian real estate sector is expected to grow at a compound annual growth rate (CAGR) of 7% from 2021 to 2026. The growth is primarily driven by factors such as increased urbanization, rising income levels, and favorable government policies such as tax incentives and relaxed regulations. 

However, the industry has faced challenges in recent years such as the COVID-19 pandemic, liquidity crunch, and regulatory changes. The pandemic has led to a decline in demand for commercial properties, while the liquidity crunch has affected the availability of funds for developers. The regulatory changes have included reforms aimed at increasing transparency and protecting the interests of buyers and investors. 

Company financials 

Company financial performance (in INR crore) 
 FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018 
Total revenue 2.0 2.5 1.6 27.9 40.7 5.7 
Total expenses 0.5 1.1 0.5 16.0 35.5 3.7 
Profit after tax  1.2 1.0 0.9 8.7 4.7 1.5 

Objects of the Issue 

Company intends to utilise the Net Proceeds for the following objects: 
(a) Investment in Suntech Infraestate Nagpur Private Limited to part finance the construction and development of Residential and Commercial Project. 
(b) Acquisition of Land or Land Development Rights; and 
(c) General Corporate Purposes. 

Shradha Infra IPO Prospectus

Company Contact Information

Shradha Infraprojects (Nagpur) Limited
Shradha House,
Near Shri Mohini Complex, Kingsway,
Block No. F/8, Nagpur – 440 001
Phone: +91 712 6617181
Email: investorinfo@shradhainfra.in
Websitehttps://shradhainfra.in/

Shradha Infra IPO Registrar

Bigshare Services Pvt Ltd

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

Shradha Infra IPO Lead Manager(s)

  1. Aryaman Financial Services Limited (Past IPO Performance)

Pulz Electronics IPO: GMP, Price, Size & Dates

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Pulz Electronics, founded in 2005, specializes in the development and manufacturing of high-quality audio systems using Co-Axial technology and line array-based speaker systems for various industries, including cinema, pro audio, studio, and home audio. Their products include Co-Axial Surround Speakers, Hi-Power and in-wall Subwoofers, Hi-Power Co-Axial Speakers, and more. The company also imports specific types of amplifiers from China and provides annual maintenance contracts for audio systems. 

Located in Palghar, a suburb of Mumbai, Pulz Electronics operates a manufacturing facility and a large warehouse stocked with off-the-shelf products for faster turnaround times on projects with short notice requirements. Overall, Pulz Electronics is dedicated to providing high-quality audio systems to their customers across multiple industries, including those with a focus on cinema, pro audio, studio, and home audio. 

Pulz Electronics

Pulz Electronics IPO Details 

IPO Date Nov 14, 2017 to Nov 16, 2017 
Listing Date Nov 24, 2017 
Face Value ₹10 per share 
Price ₹51 to ₹54 per share 
Lot Size  
Total Issue Size 726,000 shares 
(aggregating up to ₹3.92 Cr) 
Issue Type Book Built Issue IPO 
Listing At NSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

Pulz Electronics IPO Listing Details 

Listing Date Nov 24, 2017 
BSE Script Code  
NSE Symbol PULZ 
ISIN INE335X01014 
Final Issue Price ₹54 per share 

Industry Overview 

According to a report by Grand View Research, the global consumer electronics market size was valued at USD 1.1 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2020 to 2027. The growth is attributed to the increasing demand for smart devices, rising adoption of wireless connectivity technologies, and the growing popularity of home automation systems. 

In terms of the audio equipment manufacturing industry, a report by MarketsandMarkets estimates that the global market size was valued at USD 18.4 billion in 2020 and is expected to reach USD 28.3 billion by 2026, growing at a CAGR of 6.3% from 2021 to 2026. The growth is driven by the increasing demand for soundbars and wireless speakers, advancements in digital signal processing technologies, and rising consumer spending on home entertainment systems. 

Company Financials 

Company financial performance (in INR lakh) 
 FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018 
Total revenue 530.3 925.8 1,190.5 1,307.0 1,385.0 386.2 
Total expenses 500.1 909.1 1,173.7 1,271.2 1,171.5 332.5 
Profit after tax 20.8 10.5 0.9 30.1 134.0 40.1 

Objects of the Issue 

The objects of the issue are:- 
1. Acquisitions and Other Strategic Initiatives 
2. General Corporate Purpose 
3. Issue Expenses. 

Pulz Electronics IPO Prospectus

Company Contact Information

Pulz Electronics Limited
Kailashpati, 2nd Floor, Plot No. 10A,
Veera Desai Road,
Andheri (West), Mumbai 400053
Phone: +91 22 26732593
Email: mumbai@pulz.co.in
Websitehttp://www.pulz.biz

Pulz Electronics IPO Registrar

Bigshare Services Pvt Ltd

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

Pulz Electronics IPO Lead Manager(s)

  1. Sarthi Capital Advisors Private Limited (Past IPO Performance)

Zodiac Energy IPO: GMP, Price, Size & Dates

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Zodiac Energy Limited is a company based in Ahmedabad, Gujrat that provides energy solutions. The company was established in 1992 and offers turnkey services that cover the entire process from the inception to the operation and maintenance of power plants. These services include design, supply, installation, testing, commissioning, and operation & maintenance. 

Zodiac Energy has installed solar power plants for prominent clients such as Sun-Edison India Limited, Adani Group, and Reserve Bank of India, among others. The company has already installed more than 6,000 KW of rooftop solar power plants, and it aims to increase this to 10,000 KW by the end of 2017-18. 

Zodiac Energy

Zodiac Energy Details 

IPO Date Nov 23, 2017 to Nov 27, 2017 
Listing Date Dec 5, 2017 
Face Value ₹10 per share 
Price ₹52 per share 
Lot Size 2000 Shares 
Total Issue Size 1,950,000 shares 
(aggregating up to ₹10.14 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At NSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

Zodiac Energy Listing Details 

Listing Date Dec 5, 2017 
BSE Script Code  
NSE Symbol ZODIAC 
ISIN INE761Y01019 
Final Issue Price ₹52 per share 

Industry Overview 

The renewable energy industry has been growing rapidly in recent years due to the increased awareness and emphasis on reducing carbon emissions and mitigating climate change. The demand for renewable energy solutions is expected to continue to increase in the coming years, with solar energy being one of the fastest-growing segments in the industry. 

The compound annual growth rate (CAGR) of the renewable energy industry is estimated to be around 6% between 2021 and 2028, according to a report by ResearchAndMarkets. This growth is driven by factors such as government initiatives and incentives, declining costs of renewable energy technologies, and increasing demand for energy in emerging economies. Within the solar power segment, the CAGR is expected to be even higher, at around 20% during the same period. 

Company financials 

Company financial performance (in INR lakh) 
 FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018 
Total revenue 885.6 952.5 870.1 920.5 1,674.3 824.8 
Total expenses 865.9 936.6 864.4 904.6 1,639.4 759.5 
Profit after tax 9.4 11.1 4.6 11.0 23.8 49.0 

Objects of the Issue 

The objects of the Issue are: 

1. Net Incremental Working Capital Requirement; 
2. General Corporate Purpose; 
3. Meeting Public Issue Expenses. 

Zodiac Energy Prospectus

Company Contact Information

Zodiac Energy Limited
A-1204, Siddhi Vinayak Towers,
Off S G Highway, Makarba, Vejalpur,
Ahmedabad 380 051
Phone: +91 79 2970 4116
Email: compliance@zodiacenergy.com
Websitehttp://zodiacenergy.com/

Zodiac Energy Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: zodiacenergy.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/

Zodiac Energy Lead Manager(s)

  1. Swastika Investmart Ltd (Past IPO Performance)

Silver Touch IPO: GMP, Price, Size & Dates

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Silver Touch Technologies Limited is an Ahmedabad-based company incorporated in 1995. The company provides comprehensive Information and Communication Technology (ICT) solutions to its clients. Silver Touch has executed projects in India and abroad, catering to various industries such as healthcare, education, eGovernance, and finance. 

The company offers a wide range of IT services, including eGovernance services, software services (such as application development, support, and maintenance), system integration services, SAP services, social media marketing services, and mobile application services. The company’s expertise in these services enables it to provide end-to-end ICT solutions to its clients, helping them meet their IT requirements efficiently. Silver Touch’s focus on providing quality services and its experience in executing projects across various industries make it a reliable partner for its clients. 

Silver Touch

Silver Touch IPO Details 

IPO Date Nov 20, 2017 to Nov 23, 2017 
Listing Date Dec 1, 2017 
Face Value ₹10 per share 
Price ₹121 per share 
Lot Size  
Total Issue Size 3,324,000 shares 
(aggregating up to ₹40.22 Cr) 
Offer for Sale 3,324,000 shares of ₹10 
(aggregating up to ₹40.22 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At NSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

Silver Touch IPO Listing Details 

Listing Date Dec 1, 2017 
BSE Script Code  
NSE Symbol SILVERTUC 
ISIN INE625X01018 
Final Issue Price ₹121 per share 

 Industry Overview 

The software development segment is one of the significant contributors to the industry, driven by the increasing demand for customized software solutions. The system integration segment is also gaining traction, primarily due to the need for businesses to integrate their existing IT systems with new ones. The eGovernance segment is also growing, driven by the government’s focus on digitization and providing citizen-centric services. 

The industry’s future growth prospects are promising, with the increasing adoption of digital solutions across various industries and the growing trend of remote work. The need for businesses to adopt digital solutions to stay competitive is expected to drive the industry’s growth. 

Company Financials 

Company consolidated financial performance (in INR crore) 
 FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018 
Total revenue 80.1  108.1 114.7 138.2 118.6 47.2 
Total expenses 74.0 99.8 112.4 134.5 113.8 44.6 
Profit after tax 4.6 6.0 2.1 3.0 4.2 2.3 

Objects of the Issue 

The objectives of the offer are to achieve the benefits of listing the Equity Shares on the Stock Exchange and to carry out the Offer for Sale. 

Silver Touch IPO Prospectus

Company Contact Information

Silver Touch Technologies Ltd
2nd Floor, Saffron,
Nr. Panchwati Circle, Ambawadi,
Ahmedabad 380 006
Phone: +91-79-2656 3158
Email: cs@silvertouch.com
Websitehttps://www.silvertouch.com/in/

Silver Touch IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: silvertouch.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/

Silver Touch IPO Lead Manager(s)

  1. Chartered Capital And Investment Limited (Past IPO Performance)

Felix Industries IPO: GMP, Price, Size & Dates

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Felix Industries Ltd is an environmental conservation company based in Ahmedabad, Gujarat, which was incorporated in 2012. The company’s vision is to “Recycle-Reuse-Recover-Reduce.” Its business segments include Water and Waste Water Recycling, Industrial Piping, Nano Products (Membrane Technologies), and E-waste Recycling. Felix provides water treatment services to various industries such as steel, chemical, pharmaceutical, plastic, paper & pulp, leather, automotive, textile & dyes, food, and dairy through its water treatment division. 

Felix is also a government-approved e-waste recycling company that has a processing capacity of 6000 MT per year. It has one of the largest recycling capacities in India. The company’s plant, located in Electronic Estate, Gandhinagar, processes e-waste collected from all over India. The plant carries out activities such as e-waste collection, storage, dismantling, and segregation. 

Felix Industries

Felix Industries IPO Details 

IPO Date Nov 23, 2017 to Nov 27, 2017 
Listing Date Dec 5, 2017 
Face Value ₹10 per share 
Price ₹35 per share 
Lot Size 4000 Shares 
Total Issue Size 1,368,000 shares 
(aggregating up to ₹4.79 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At NSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

Felix Industries IPO Listing Details 

Listing Date Dec 5, 2017 
BSE Script Code  
NSE Symbol FELIX 
ISIN INE901X01013 
Final Issue Price ₹35 per share 

Industry Overview 

The water treatment segment is one of the significant contributors to the industry, driven by the increasing demand for clean water due to the growing population and industrialization. The waste management segment is also gaining traction, primarily due to the increasing generation of waste and the need to adopt sustainable waste management practices. The recycling segment is also growing due to the growing awareness of the need to recycle and the increasing demand for recycled products. 

The industry’s future growth prospects are promising, with governments across the world focusing on environmental conservation and sustainable development. The increasing adoption of advanced technologies and the rising demand for green energy sources are expected to drive the industry’s growth. 

Company Financials 

Company consolidated financial performance (in INR lakh) 
  FY2014 FY2015 FY2016 FY2017 7M FY2018 
Total revenue  412.8 292.1 328.5 519.1 345.9 
Total expenses  405.9 286.0 305.9 493.2 311.5 
Profit after tax  5.0 4.2 11.0 17.2 23.3 

Objects of the Issue 

The net proceeds from the issue are proposed to be utilized by the company for the following objects: 

1. Building & Construction Cost; 
2. Procurement of Machineries; 
3. Furniture and Fixtures 
4. Working Capital Requirement 
5. General Corporate Purpose 
6. Issue Expense 

Felix Industries IPO Prospectus

Company Contact Information

Felix Industries Limited
208, Devshruti Complex, Opp. Medisurge Hospital,
Nr. Mithakhali Cross Road,
Ellisbridge, Ahmedabad 380006
Phone: +91 79 26463658 / 59
Email: hena.shah@felixindustries.co
Websitehttp://www.felixindustries.co/

Felix Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: hena.shah@felixindustries.co
Websitehttps://www.bigshareonline.com/

Felix Industries IPO Lead Manager(s)

  1. Monarch Networth Capital Ltd (Past IPO Performance)

Sharika Enterprises IPO: GMP, Price, Size & Dates

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Sharika Enterprises is an engineering company incorporated in 1998 and based in Noida. The company is primarily engaged in Engineering Procurement Construction (EPC) contracts, specialized assembling, trading activities, Erection Services, and representation services in the power generation, transmission, and distribution sector. Sharika Enterprises has a diverse portfolio of projects that include the installation of power transmission EHV cables, designing & installing EMS (Energy Management System), and distribution automation equipment such as Autoreclosers and fault passage indicators (FPI). The company also designs and installs solar power generation plants. 

Apart from the core services, Sharika Enterprises also provides other consultancy services to its clients. The company offers a wide range of services, including engineering design, procurement, and construction management, project management, feasibility studies, and energy audit services. The company’s expertise in these services enables it to provide end-to-end solutions to its clients, helping them meet their project requirements efficiently. Sharika Enterprises has a manufacturing unit in Jammu and Noida, which allows it to undertake turnkey projects efficiently. 

Sharika Enterprises

Sharika Enterprises IPO Details 

IPO Date Nov 15, 2017 to Nov 17, 2017 
Listing Date Nov 27, 2017 
Face Value ₹10 per share 
Price ₹43 per share 
Lot Size  
Total Issue Size 3,225,000 shares 
(aggregating up to ₹13.87 Cr) 
Fresh Issue 3,225,000 shares 
(aggregating up to ₹13.87 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At BSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

Sharika Enterprises IPO Listing Details 

Listing Date Nov 27, 2017 
BSE Script Code 540786 
NSE Symbol  
ISIN INE669Y01014 
Final Issue Price ₹43 per share 

 Industry overview 

The power generation, transmission, and distribution segment is one of the significant contributors to the EPC industry, driven by the government’s investments in the power sector and the need to upgrade the existing power infrastructure. The renewable energy segment is also gaining traction, primarily due to the growing focus on sustainable energy sources and the decreasing costs of renewable energy technologies. The infrastructure development segment is also growing, driven by the need for developing world-class transportation, water, and sanitation systems. 

The EPC industry’s future growth prospects are promising, driven by the government’s investments in infrastructure development, increasing urbanization, and the growing focus on sustainable energy sources. The industry’s growth is also supported by technological advancements, increasing competition, and changing consumer preferences. 

Company Financials 

Company consolidated financial performance (in INR crore) 
 FY2013 FY2014 FY2015 FY2016 FY2017 2M FY2018 
Total revenue 7.0  8.6 13.5 12.3 18.8 2.4 
Total expenses 5.4 6.7 13.3 11.0 15.4 1.7 
Profit after tax 1.1 0.7 0.2 0.8 2.2 0.5 

Objects of the Issue 

The Net Proceeds from the Fresh Issue will be utilized towards the following objects: 
1. To Meet Working Capital Requirement 
2. General Corporate Purpose 
3. To Meet the Issue Expenses 

Sharika Enterprises IPO Prospectus

Company Contact Information

Sharika Enterprises Limited
B-124, Sector-67,
Gautam Budh Nagar,
Noida, 201301
Phone: +91-120-2593900
Email: cs@sharikaindia.com
Websitehttp://www.sharikaindia.com/

Sharika Enterprises IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: virenr@skylinerta.com
Websitehttps://www.skylinerta.com/

Sharika Enterprises IPO Lead Manager(s)

  1. Swastika Investmart Ltd (Past IPO Performance)

Vertoz Advertising IPO: GMP, Price, Size & Dates

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Vertoz Advertising Ltd is a programmatic advertising company that provides modern solutions for media buying and selling of advertisements. Established in 2012, the company offers innovative and engaging advertising and monetization solutions that replace traditional methods of advertising. Company programmatic platform, known as Ingenious Plex, is a highly scalable software that powers the marketplace for real-time trading of digital advertising inventory between advertisers and publishers.  

The company programmatic platform automates the process of buying and selling digital advertising inventory, providing a highly efficient and scalable solution for advertisers and publishers. The platform offers real-time bidding, predictive analytics, and advanced targeting capabilities to deliver highly targeted and effective advertising campaigns. The company business model is based on generating revenue from commissions on advertising transactions processed through its programmatic platform. As a result, the company benefits from the growing adoption of programmatic advertising and the increasing shift towards digital advertising. 

Vertoz Advertising

Vertoz Advertising IPO Details 

IPO Date Nov 14, 2017 to Nov 16, 2017 
Listing Date Nov 24, 2017 
Face Value ₹10 per share 
Price ₹108 per share 
Lot Size  
Total Issue Size 1,584,000 shares 
(aggregating up to ₹17.11 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At NSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

Vertoz Advertising IPO Listing Details 

Listing Date Nov 24, 2017 
BSE Script Code  
NSE Symbol VERTOZ 
ISIN INE188Y01015 
Final Issue Price ₹108 per share 

Industry Overview 

The advertising industry has been rapidly evolving towards digital and programmatic advertising, driven by the growth of online media consumption and advancements in technology. The global programmatic advertising market is expected to grow at a compound annual growth rate (CAGR) of over 20% during the forecast period from 2021 to 2026. 

As a relatively new player in the industry, Advertising has demonstrated strong growth, with revenues increasing at a CAGR of over 25% from 2017 to 2020. The company’s focus on expanding its global footprint and investing in technology development is expected to drive continued growth in the future.  

Company Financials 

Company consolidated financial performance (in INR crore) 
    FY2016 FY2017 Q1 FY2018 
Total revenue    11.9 20.5 10.0 
Total expenses    11.5 16.6 8.7 
Profit after tax    0.4 3.1 1.0 

Objects of the Issue 

The objects of the Issue Proceeds (as defined below) of the Issue are: 
1. Funding of working capital requirements of the Company. 
2. Funding of working capital requirements of our Subsidiaries Vertoz Inc. and Vertoz Limited. 
3. General Corporate Expenses 
4. Issue Expenses 

Vertoz Advertising IPO Prospectus

Company Contact Information

Vertoz Advertising Limited
602, Avior, Nirmal Galaxy L.B.S. Marg,
opp. Johnson & Johnson,
Mulund (west) Mumbai 400080
Phone: + 91-22-61426030
Email: compliance@vertoz.com
Websitehttps://www.vertoz.com/

Vertoz Advertising IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Websitehttps://karisma.kfintech.com/

Vertoz Advertising IPO Lead Manager(s)

  1. Guiness Corporate Advisors Pvt Ltd (Past IPO Performance)

Sanghvi Brands IPO: GMP, Price, Size & Dates

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Sanghvi Brands Ltd (SBL) is a company that manages and operates luxury spa, beauty, wellness, and fitness brands. They are one of the largest spa and wellness operators in India, incorporated in 2010. The company holds license rights to operate various premium international brands such as Spa by Clarins, Spa by L’Occitane, Elle Spas & Salons, Warren Tricomi Salon & Spa, Levo, Rosanno Ferretti, TAOS Salon, Ramona Braganza’s 3-2-1 Fitness programme. They also hold the sole distributorship of Noveau Lashes for the territory of India, promoting and selling these products. 

SBL currently operates 19 spa/salons globally, and another nine salons/spas are under development. The company has partnered with several prestigious names such as The Ritz Carlton San Francisco, JW Marriot Mussoorie, Raichak Hotel in Kolkata, Khyber Resorts in Himalayas, Jammu & Kashmir, realty developers Lodha, IREO, K Raheja Corp, and more. SBL’s focus on luxury spa, beauty, wellness, and fitness services, coupled with its partnerships with prominent hotels and real estate developers, has allowed it to establish a strong presence in the industry. 

Sanghvi Brands

Sanghvi Brands IPO Details 

IPO Date Nov 10, 2017 to Nov 14, 2017 
Listing Date Nov 22, 2017 
Face Value ₹10 per share 
Price ₹69 per share 
Lot Size 2000 Shares 
Total Issue Size 2,748,000 shares 
(aggregating up to ₹18.96 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At BSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

Sanghvi Brands IPO Listing Details

Listing DateNov 22, 2017
BSE Script Code540782
NSE Symbol
ISININE204Y01010
Final Issue Price₹69 per share

Industry Overview 

According to a report by Grand View Research, the global spa market size was valued at USD 85.1 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2020 to 2027. The report also suggests that the increasing demand for wellness services, such as spa therapies, beauty treatments, and fitness programs, is expected to drive the growth of this industry. 

In India, the spa and wellness industry has also seen significant growth in recent years. According to a report by the Confederation of Indian Industry (CII), the wellness services market in India is expected to grow at a CAGR of 12% over the next five years, driven by factors such as rising disposable incomes, growing health consciousness, and increasing urbanization. 

Company Financials 

Company financial performance (in INR lakh) 
 FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018 
Total revenue 156.5 558.0 995.7 1,505.7 2,670.1 669.5 
Total expenses 198.2 564.7 992.3 1,591.0 2,642.6 679.8 
Profit after tax -41.7 -9.6 8.3 -85.9 11.6 -27.6 

Objects of the Issue 

The objects of the Issue are: 

1. Business Expansion 
a) Expanding outlets/ distribution of current brand portfolio in India and overseas 
b) Acquisitions and development of new brands 
2. Marketing and Sales promotion of the brands in their portfolio 
3. Strategic Investments for business growth 
4. General Corporate Purpose 
5. Issue Expenses. 

Sanghvi Brands IPO Prospectus

Company Contact Information

Sanghvi Brands Ltd
Sanghvi House,
105/2 Shivaji Nagar,
Pune – 411005
Phone: 020730533084
Email: Investor@sanghvibrands.com
Websitehttp://www.sanghvibrands.com

Sanghvi Brands IPO Registrar

Bigshare Services Pvt Ltd

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

Sanghvi Brands IPO Lead Manager(s)

  1. Sarthi Capital Advisors Private Limited (Past IPO Performance)