Worth Peripherals Ltd IPO is about to debut on 15 September 2017, with an issue size of 18.28CR. Worth Peripherals Limited, established in 1996, is a manufacturer and seller of corrugated boxes. The company provides regular slotted containers, die-cut corrugated boxes/trays, multi-color corrugated boxes, Z sleeves, and I/honeycomb partitions. Worth Peripherals Limited is an ISO 9001:2008 and FSC-certified company that serves clients in the FMCG sector. Its two fully automated manufacturing units are located in Pithampur, Dhar, Indore (MP), and have the capacity for multi-color printing of up to six colors.
The packaging industry in India is currently valued at Rs. 85,000 crore and is growing at an annual rate of 15% plus. With the growth of the retail, pharma, breweries, and textile sectors, opportunities for growth in the packaging industry have increased. Worth Peripherals Limited aims to tap into these markets for further marketing and supply to expand its business in this thriving sector, which is expected to triple in the next five years.
Industry Overview
As of 2017, the Indian packaging industry was valued at Rs. 1.34 trillion and was expected to grow at a CAGR of 18.5% to reach Rs. 3.96 trillion by 2023. The industry is highly fragmented, with over 22,000 companies operating in it, mostly in the unorganized sector. The organized sector accounted for around 10% of the industry, while the rest was dominated by small and medium-sized enterprises. Flexible packaging is the largest segment, followed by rigid packaging and corrugated boxes. The industry caters to a wide range of sectors, including food and beverage, pharmaceuticals, personal care, and consumer goods. With a rising population and increasing consumerism, the packaging industry is expected to continue its growth trajectory in India.
Worth Peripherals IPO Details
| IPO Date | Sep 15, 2017 to Sep 19, 2017 |
| Listing Date | Sep 27, 2017 |
| Face Value | ₹10 per share |
| Price | ₹40 to ₹43 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,251,000 shares(aggregating up to ₹18.28 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 59.4 | 84.2 | 107.8 | 127.4 | 132.1 | |
| Total expenses | 54.0 | 76.6 | 99.1 | 117.2 | 120.5 | |
| Profit after tax | 3.5 | 5.2 | 6.0 | 6.5 | 7.3 |
Objects of the Issue
The object of the issue are:
1. Purchase of Plant and machinery;
2. Repayment/Prepayment of certain borrowings availed by the Company;
3. Funding the working capital requirements of the Company;
4. General corporate purposes.
Worth Peripherals IPO Prospectus
Company Contact Information
Worth Peripherals Ltd
102 Sanskriti Apt 44,
Saket Nagar,
Indore – 452018
Phone: +91-0731-2560267
Email: investors@worthindia.com
Website: http://www.worthindia.com
Worth Peripherals IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Worth Peripherals IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
