Sri Krishna Metcom Ltd IPO is about to debut on 14 September 2017, with an issue size of 19.25CR. Sri Krishna Metcom Ltd is an Indian company established in 2008, which specializes in the processing of both non-basmati and basmati rice. In addition to rice processing, the company also sells rice bran, which is a by-product of rice, to oil manufacturers. The company distributes its products under popular brands like BABA, PANCHAKANYA, SINGHAM, and MIDDU BHAI to a wide range of wholesalers and retailers.
The company boasts one of the largest milling capacities for non-basmati rice in the State of Jharkhand, with the ability to process up to 350 metric tons per day. The company leverages the latest international standards of plant and machinery to achieve their impressive processing capability, including the use of Automatic Ultra Modern State of the Art Buhler’s Swiss Technology Rice Mill. This cutting-edge equipment ensures high-quality rice production and optimal efficiency in processing operations.
Industry Overview
India’s growth and development over the past 65 years have been significant, with a population of 1.2 billion and the world’s fourth-largest economy. The country has achieved a landmark agricultural revolution, improving life expectancy, quadrupling literacy rates, and creating a sizeable middle class. India is now a global agricultural powerhouse, a net exporter of food, and home to renowned companies in pharmaceuticals, steel, and technology. With its enormous size and potential, India has become a growing voice on the international stage.
Sri Krishna Metcom IPO Details
| IPO Date | Sep 14, 2017 to Sep 18, 2017 |
| Listing Date | Sep 26, 2017 |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,500,000 shares(aggregating up to ₹19.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 5.7 | 2,421.5 | 7,902.7 | 8,103.9 | 8,210.7 | |
| Total expenses | 0.6 | 2,581.0 | 7,815.0 | 8,031.9 | 8,037.9 | |
| Profit after tax | 4.3 | -160.5 | 88.0 | 86.0 | 102.8 |
Objects of the Issue
The object of the issue are:
1. Working Capital requirement;
2. Enhance the Company�s corporate image, brand name and create a public market for the Equity Shares in India;
3. Issue Expenses.
Sri Krishna Metcom IPO Prospectus
Company Contact Information
Sri Krishna Metcom Limited
504, Mangal Murti Heights,
5th Floor, Rani Bagan,
Harmu Road, Ranchi – 834001
Phone: +91 651 2285853
Email: skmltd@gmail.com
Website: http://www.skmltd.co.in
Sri Krishna Metcom IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: skml.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Sri Krishna Metcom IPO Lead Manager(s)
- Microsec Capital Ltd (Past IPO Performance)
