Tolins Tyres Limited IPO (Upcoming)
Archives: Ipos
Bajaj Housing Finance Limited IPO (Upcoming)
Shree Tirupati Balajee Agro Trading Co. Ltd IPO : SUBSCRIBE
Shree Tirupati Balajee Agro Trading Co. Ltd. IPO: Timeline & Details
About Shree Tirupati Balajee Agro Trading Co. Ltd IPO
Shree Tirupati Balajee Agro Trading Company Limited, established in October 2001, stands out as a key player in the flexible bulk packaging sector, specializing in Flexible Intermediate Bulk Containers (FIBCs) and related products such as woven sacks and industrial packaging solutions. Serving diverse industries, including chemicals, food, and mining, it provides efficient bulk packaging that simplifies transportation and storage, reducing labor costs. With over 20 years of experience, the company operates five manufacturing units. Units I and II are certified with ISO 9001:2015 and ISO 14001:2018. Unit III is certified with ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, ISO 14064-1:2018, and SEDEX SMETA four-pillar. The company’s certifications cover the production of Flexible Intermediate Bulk Containers (FIBCs), woven sacks, and fabrics of PP (Polypropylene) and HDPE (High-Density Polyethylene). It also manages several subsidiaries, including Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL), underscoring its extensive reach and production capacity. Offering a wide range of products, including UN-certified bulk bags, thermal insulation bags, and fire retardant bags, the company highlights its ability to cater to varied industry needs. The company’s commitment to quality is evident in its rigorous testing processes and various certifications, while its sustainability efforts are demonstrated by investments in solar power. Financially robust, the company shows significant revenue growth and profitability, supported by a diverse global customer base. Its innovative solutions and adherence to high standards position it as a leading force in the global flexible bulk packaging market.
Objective of the Shree Tirupati Balajee Agro Trading Co. Ltd IPO
The company proposes to utilize the net proceeds towards the funding of the following objects:
- Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the company;
- Investment in the subsidiaries HPPL, STBFL and JPPL for repayment and/or prepayment, in part or whole, of certain outstanding borrowings availed;
- Funding the incremental working capital requirements of the company;
- Investment in the subsidiaries HPPL, STBFL and JPPL for funding working capital requirements;
- General corporate purposes.
Rationale To Invest In Shree Tirupati Balajee Agro Trading Co. Ltd IPO
Leading player in FIBC packaging and provides cost-effective and environmentally friendly solutions to diversified customer base
Shree Tirupati Balajee Agro Trading Company Limited, a key player in the FIBCs market, offers a diverse range of packaging solutions to a broad customer base and maintains a notable international presence with exports to 38 countries, thereby mitigating the risk of dependence on any single market. The FIBCs, made from lightweight polypropylene, can hold between 500 kg and 2,000 kg, making them suitable for various products such as grains, chemicals, mining materials, and construction materials. The design of these FIBCs not only reduces transportation costs but also simplifies handling with forklifts, providing a more economical and efficient alternative to traditional paper and metal packaging. Due to these advantages, FIBCs are gaining popularity and experiencing growing demand, particularly in the Asia-Pacific region and across industries like food and beverage, chemicals, and pharmaceuticals. As the global market increasingly favors sustainable packaging solutions, the cost-efficiency and environmental benefits of FIBCs continue to drive their adoption and market growth. The company is well-positioned to leverage these market dynamics effectively.
Integrated manufacturing facility and quality control measures offer advantage in the marketplace
The company operates five strategically located manufacturing facilities in Indore, Madhya Pradesh, near major industrial hubs with good connectivity to transport networks. These facilities span 21,613 square meters with an extrusion capacity of approximately 2,300 metric tons per month, and utilize about 2,200 metric tons per month. The company consistently upgrades its infrastructure and technology to enhance productivity and reduce costs. It adheres to stringent quality standards, with certifications including ISO 9001:2015, ISO 22000:2018, ISO 14001:2015, ISO 45001:2018, SEDEX SMETA, and BRCGS. An in-house laboratory supports ongoing testing and quality control, addressing any issues in real time. The company is also focused on innovation, led by a chemical engineer, with ongoing product development and patent pursuits for advanced weaving processes to improve FIBC strength. These integrated manufacturing capabilities and quality measures enable the company to meet market demands with high-quality products at competitive prices.
Valuation of Shree Tirupati Balajee Agro Trading Co. LtdIPO
The FIBC market is set for significant growth, driven by increasing demand across various industries and the expanding e-commerce sector. Since their introduction in India in the early 1990s, FIBCs have become a key export product, with Indian production reaching nearly 65 countries. This growth is supported by strong domestic demand in sectors such as chemicals, food products, construction materials, and agriculture, coupled with favorable government policies like Make-in-India that enhance manufacturing and international trade. Shree Tirupati Balajee Agro Trading Co. Ltd. has established itself as a prominent player in the FIBC and industrial packaging sector, benefiting from substantial market demand and a global footprint. Despite facing risks from regulatory changes affecting plastic use, raw material supply fluctuations, and regional concentration of manufacturing facilities, the company has demonstrated steady financial growth. It reported a revenue CAGR of 10.2%, increasing from Rs. 4,442 million in FY22 to Rs. 5,397 million in FY24. EBITDA margins improved from 7% in FY22 to 11% in FY24, while PAT rose from Rs. 137 million in FY22 to Rs. 361 million in FY24, with an EPS of Rs. 5.7 in FY24. The current issue is priced at a P/E ratio of 14.5x on upper price band based on FY24 earnings, aligning well with its peers. Given the industry’s promising growth trajectory and the company’s strategic focus on capacity optimization, new product development, and expansion in domestic and global presence, we recommend a “SUBSCRIBE” rating for the issue with a medium to long-term investment perspective.
What is the Shree Tirupati Balajee Agro Trading Co. Ltd IPO?
Shree Tirupati Balajee IPO is a book built issue of Rs 169.65 crores. The issue is a combination of fresh issue of 1.48 crore shares aggregating to Rs 122.43 crores and offer for sale of 0.57 crore shares aggregating to Rs 47.23 crores.
How to apply for the Shree Tirupati Balajee Agro Trading Co. Ltd IPO through Stoxbox?
To apply for the Shree Tirupati Balajee Agro Trading Co. Ltd IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Shree Tirupati Balajee Agro Trading Co. Ltd IPO open?
Shree Tirupati Balajee Agro Trading Co. Ltd IPO is opening on 05th September 2024
What is the lot size of the Shree Tirupati Balajee Agro Trading Co. Ltd IPO?
The Lot Size of Shree Tirupati Balajee Agro Trading Co. Ltd IPO is 180 equity shares
When is the Shree Tirupati Balajee Agro Trading Co. Ltd IPO allotment date?
The allotment Date for Shree Tirupati Balajee Agro Trading Co. Ltd IPO is 10th September 2024
When is the Shree Tirupati Balajee Agro Trading Co. Ltd IPO listing date?
The listing Date for Shree Tirupati Balajee Agro Trading Co. Ltd IPO is 12th September 2024
What is the minimum investment required for the Shree Tirupati Balajee Agro Trading Co. Ltd IPO?
In the Retail segment the minimum investment required is Rs. 14,940
What is the maximum investment allowed for the Shree Tirupati Balajee Agro Trading Co. Ltd IPO?
In the Retail segment the maximum investment requirement is Rs. 194,220
What are the risks associated with investing in the Shree Tirupati Balajee Agro Trading Co. Ltd IPO?
- Potential impact of plastic regulations on operations: The company faces potential risks from increasing global efforts to ban plastic products. The company’s primary offerings, such as FIBCs and woven fabrics, rely on polypropylene, a plastic material. The upcoming legislative restrictions, particularly in India and export markets, could adversely affect its revenue and operations. Despite efforts in recycling and emission reduction, these regulations present a significant risk.
- Risks from raw material supply and pricing: The company faces significant risks due to reliance on short-term raw material contracts and exposure to price fluctuations. With no long-term supply agreements, the company is vulnerable to changes in raw material availability and costs, which can impact margins, sales, and operations. Key suppliers contribute a substantial portion of total purchases, adding to the variability in supply and pricing.
- Regional concentration risks: The company’s five manufacturing facilities are all located in Pithampur, Madhya Pradesh, creating a concentration risk. Any significant disruption, such as natural disasters, political instability, or production delays in this region, could severely impact the company’s business, financial condition, and operations.
When will the Shree Tirupati Balajee Agro Trading Co. Ltd IPO shares be credited to my Demat account?
The Shree Tirupati Balajee Agro Trading Co. Ltd IPO be credited to the account on allotment date which is 11th September 2024
Where can I find the Shree Tirupati Balajee Agro Trading Co. Ltd IPO prospectus?
The prospectus of Shree Tirupati Balajee Agro Trading Co. Ltd IPO prospectus can be find on the website of SEBI, NSE and BSE
What are the important dates related to Shree Tirupati Balajee Agro Trading Co. Ltd IPO?
| IPO Open Date | Thursday, September 5, 2024 |
|---|---|
| IPO Close Date | Monday, September 9, 2024 |
| Basis of Allotment | Tuesday, September 10, 2024 |
| Initiation of Refunds | Wednesday, September 11, 2024 |
| Credit of Shares to Demat | Wednesday, September 11, 2024 |
| Listing Date | Thursday, September 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 9, 2024 |
Gala Precision Engineering Ltd IPO : SUBSCRIBE
Gala Precision Engineering Ltd IPO: Timeline & Details
About Gala Precision Engineering Ltd IPO
Gala Precision Engineering Ltd (GPEL) is a precision component manufacturer of technical springs like disc & strip springs (DSS) including wedge lock washers (WLW); coil & spiral springs (CSS) and special fastening solutions (SFS) with over thirty years of experience. These components are supplied to OEMs, Tier-1 and channel partners. The company caters to various sectors like renewable energy including wind turbine and hydro power plants, automotive, railways and various industrial segments such as electrical, off highway equipment, infrastructure and general engineering. GPEL’s business is primarily divided into two divisions; the springs technology division, which manufactures DSS, WLW & CSS and the SFS, which produces anchor bolts, studs and nuts. The spring technology contributes 80.11%
of the company’s revenue, while fastening and surface engineering solutions contributes 19.34% and 0.54% respectively in FY24. The company operates from its two manufacturing units in Wada, Palghar, Maharashtra, and holds all the certifications required to manufacture and supply its products including IATF16949 and ISO 9001:2015. These certificates enable the company to serve both domestic as well as international customers. The company generates the majority of its business from India, with 37.5% coming from the international market. GPEL has a global client base of over 175 customers and exports to 25 countries. The company has an annual production capacity of 246.46 million units of springs & washers and 0.42 million units of fasteners. GPEL plans to establish a new manufacturing facility in Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu, to develop various high tensile fasteners and new products like bolts, with the motive to expand its existing portfolio.
Objective of the Gala Precision Engineering Ltd IPO
The net proceeds from the fresh issue will be used towards the following purposes:
- Setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu for manufacturing high tensile fasteners and hex bolts;
- Funding capital expenditure requirements towards purchase of equipment, plant and machinery at Wada, Palghar, Maharashtra;
- Repayment/ prepayment, in full or part, of certain borrowings availed by our company; and
General corporate purposes.
Rationale To Invest In Gala Precision Engineering Ltd IPO
Comprehensive manufacturing facilities offering higher scale and flexibility
The company’s two manufacturing facilities in Wada are well-equipped with machinery, enabling them to design, develop, and produce a wide range of products. These facilities are certified with international standard including IATF 16949 for manufacturing of disc springs, spring band clamp, stamped components, coil springs and spiral springs, and ISO 9001:2015 for manufacturing and supply of disc springs, brush springs, spiral springs, retractor springs, spring cassette assemblies and special fasteners. The company also hosts state-of-the-art CNC machines, wafio Coiler from Germany and multi-side machines to meet to ensure that the company meets up to clients’ expectations. Additionally, the company also integrates software into its manufacturing processes which enables them eliminate production errors. GPEL’s ability to supply high precision and multi-purpose products can be largely attributed to its in-house product development team, which is situated in the manufacturing facility. The team currently uses design and development tools such as CAD software and iQbestspeed software to detect the ideal production speed and process safety of the springs to be produced. The company’s in-house process also includes tool design and development, blanking and forming, coiling, heat treatment, shot peening, surface finishing, springs grinding and chamfering, scragging, load testing along with inspection, quality control and surface treatments and coatings. All these processes enables the company to provide comprehensive solutions to their clients, while maintaining a strong hold over production. Such kind of integrated production process helps the company gain an edge over other competitors in terms of cost and scale.
Long-standing customer relationships and a diversified product portfolio
GPEL has over three decades of operational experience, which has allowed the company to establish many long standing relationships with their clients. This healthy supplier-customer relationship indicates the company’s strong commitment to providing quality and comprehensive solutions to its customers. Key factors that help the company maintain these relationships are high quality products, reliable supplies, development collaboration and adherence international standards. The company also engages with their clients through different stages of product development – from the design and validation stages to testing, final manufacturing, and delivery. The company also provides customized packaging and kitting services to its customers, which helps the company better understand the clients’ requirement and provide increased customer satisfaction. Moreover, the company also boasts a de-risked revenue break-up with its customers, with top five customers contributing 32% of the revenue and top 10 contributes to 47% of the revenue. GPEL’s wide range of products and their varied application have also helped them to develop a broad consumer base across geographies and industries. Owing to the company’s capability to design and develop various product according to the customer’s needs and specification, as well as cross sell multiple products to them, the company has successfully increased its wallet-share in the market.
Valuation of Gala Precision Engineering Ltd IPO
GPEL has a rich 30 years of experience in designing, manufacturing and application engineering of highperformance standardised and customised disc springs and strip springs. The industry in which the company operates has a significant entry barrier, owing to the stringent and lengthy qualification process for production of technical springs and fasteners due to the criticality of their usage. With the help of GPEL’s rich experience as precision component manufacturer, the company is a qualified and established supplier to
OEMs, Tier 1 and channel partners. With its highly equipped manufacturing units, GPEL is able to meet its clients’ different requirements, simultaneously enjoying the competitive advantage it gains owing to the inhouse facilities that it hosts alongside technological integration. With the Indian DSS, CSS, and WLW market expected to grow driven by key sectors like industrials, mobility and renewables, and with the rapid growth trend witnessed in urban and rural economy, the company is well positioned to benefit from the economic tailwinds. The company’s plan to set up a new manufacturing unit, purchase of new machinery for its existing units as well as the aim to replace European imports in the market aligns well with the economic development and paves way for the company to enjoy increased market-share. On the financial front, company’s Revenue/EBITDA/PAT grew at a CAGR of 18.1%/40.4%/83.5%, respectively between FY22 and FY24. The company maintains a ROCE of 21.15% and ROE of 23.27 (before exceptional item). The company has a D/E ratio of 0.53, and further plans to reduce its debt by using the amount raised to pay off its debt and make prepayments of some of the borrowings the company availed. On the upper price band, the issue is valued at a P/E of 24.3x based on FY24 earnings which we feel is fairly valued compared to its listed peers. Therefore, we recommend a SUBSCRIBE rating to the issue from a medium to long term perspective.
What is the Gala Precision Engineering Ltd IPO?
Gala Precision Engineering IPO is a book built issue of Rs 167.93 crores. The issue is a combination of fresh issue of 0.26 crore shares aggregating to Rs 135.34 crores and offer for sale of 0.06 crore shares aggregating to Rs 32.59 crores.
How to apply for the Gala Precision Engineering Ltd IPO through Stoxbox?
To apply for the Gala Precision Engineering Ltd IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Gala Precision Engineering Ltd IPO open?
Gala Precision Engineering Ltd IPO is opening on 02nd September 2024
What is the lot size of the Gala Precision Engineering Ltd IPO?
The Lot Size of Gala Precision Engineering Ltd IPO is 28 equity shares
When is the Gala Precision Engineering Ltd IPO allotment date?
The allotment Date for Gala Precision Engineering Ltd IPO is 05th September 2024
When is the Gala Precision Engineering Ltd IPO listing date?
The listing Date for Gala Precision Engineering Ltd IPO is 09th September 2024
What is the minimum investment required for the Gala Precision Engineering Ltd IPO?
In the Retail segment the minimum investment required is Rs. 14,812
What is the maximum investment allowed for the Gala Precision Engineering Ltd IPO?
In the Retail segment the maximum investment requirement is Rs. 192,556
What are the risks associated with investing in the Gala Precision Engineering Ltd IPO?
- The company does not have any exclusive arrangements with its customers, which means long-term supply orders are not guaranteed. As a result, its sales may fluctuate significantly from period to period due to changes in customer vendor preferences, and the company may be unable to secure repeat orders.
- GPEL do not have long term contracts or exclusive arrangements with any of its suppliers, and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on our business and results of operations.
- Failure to obtain or renew approvals, licenses, registrations and permits to operate its business in a timely manner, or at all, may adversely affect the business.
When will the Gala Precision Engineering Ltd IPO shares be credited to my Demat account?
The Gala Precision Engineering Ltd IPO be credited to the account on allotment date which is 05th September 2024
Where can I find the Gala Precision Engineering Ltd IPO prospectus?
The prospectus of Gala Precision Engineering Ltd IPO prospectus can be find on the website of SEBI, NSE and BSE
What are the important dates related to Gala Precision Engineering Ltd IPO?
| IPO Open Date | Monday, September 2, 2024 |
|---|---|
| IPO Close Date | Wednesday, September 4, 2024 |
| Basis of Allotment | Thursday, September 5, 2024 |
| Initiation of Refunds | Friday, September 6, 2024 |
| Credit of Shares to Demat | Friday, September 6, 2024 |
| Listing Date | Monday, September 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 4, 2024 |
Baazar Style Retail Ltd IPO : SUBSCRIBE
Baazar Style Retail Ltd IPO: Timeline & Details
About Baazar Style Retail Ltd IPO
Baazar Style Retail Ltd. (BSRL), founded in June 2013 in Kolkata, is a major player in the value fashion retail sector, offering affordable apparel and general merchandise. Known for its “Quick Shop One Stop” concept, BSRL serves a diverse customer base with products including home furnishings. It operates 162 stores across 146 cities, holding the largest retail footprint in Eastern India among listed value retailers, with 3.0% market share in West Bengal and 2.2% in Odisha. BSRL has been the fastest-growing value retailer from 2017 to 2024 in terms of store count and revenue, with private label brands contributing 37.9% to revenue. The company boasts an Average Transaction Value of Rs. 1,039, the second highest among listed value retailers in India, and has achieved 33.7 million unit sales in FY24. Its expansion strategy includes significant store openings in key markets such as West Bengal, Odisha, and Bihar, supported by internal accruals, debt, and private equity. The average store size is 9,046 square feet, with Sales Per Square Foot of Rs. 7,758 in FY24. With the highest EBITDA margin of 14.6% among its peers, BSRL is well-positioned to capitalize on the growing value retail market in Eastern and North-Eastern India.
Objective of the Baazar Style Retail Ltd IPO
The company proposes to utilize the net proceeds towards the funding of the following objects:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company;
- General corporate purposes.
Rationale To Invest In Baazar Style Retail Ltd IPO
Leading value retailer in Eastern India with rapid cluster-based expansion and 3.0% market share in West Bengal and 2.2% in Odisha
BSRL has distinguished itself as a prominent value retailer in Eastern India, demonstrating significant growth. The company has achieved an impressive CAGR of 35.8% in store count and 26.8% in revenue during FY17 to FY24, expanding its footprint to 162 stores across nine states by March 31, 2024. BSRL’s revenue reached Rs. 9,728.82 mn in FY24, with a CAGR of 32.9% during FY22 to FY24, outpacing the overall lifestyle and home value retail market’s 19.3% CAGR. Its market share stood at 3.0% in West Bengal and 2.2% in Odisha, with core markets like West Bengal, Odisha, Assam, and Bihar accounting for 87.6% of its revenue. BSRL employs a cluster-based expansion strategy, opening new stores near existing ones to enhance operational efficiency and market penetration. The company’s focus on high-street locations, a wide range of quality merchandise, and tailored local customer engagement has been effective, reflected in a low store closure rate of just 14 stores over the past three years. This strategic growth approach has solidified BSRL’s competitive edge and market position in the burgeoning Eastern and North-Eastern retail sectors.
Strategic product assortment and private label success enhance customer loyalty and profitability
BSRL boasts a diverse product portfolio that includes apparel, cosmetics, imitation jewelry, consumer appliances, houseware products, and bags, catering to a wide range of customer segments from men and women to children and youngsters. In FY24, the company achieved a high Average Transaction Value of Rs. 1,038.7, reflecting its success in meeting customer preferences. BSRL effectively combines private label brands – such as Square Up, Awaya, and Miss19 – with third-party brands, with private labels contributing 37.9% to total revenue. These private labels have seen exceptional growth, with a CAGR of 64.6% from FY22 to FY24, driven by their focus on high-quality, trendy, and affordable merchandise tailored to local demand. This strategy has fostered customer loyalty, evidenced by a 71.9% repeat purchase rate in FY24. BSRL’s robust supply chain, managed through 641 suppliers and 1,226 vendors, and advanced inventory management – enhanced by data analytics tools like Tableau – has improved operational efficiency. This is highlighted by reduced inventory turnover days and increased sales per square foot. BSRL’s integrated approach to product assortment, private label development, and supply chain management has reinforced its position as a comprehensive solution for family needs, boosting both customer satisfaction and financial performance.
Valuation of Baazar Style Retail Ltd IPO
BSRL, a leading one-stop shop in Eastern and North-Eastern India, has achieved substantial growth, increasing its store count to 162 across nine states, registering a CAGR of 35.8% during 2017-24 period. This expansion has enabled BSRL to capture significant market share of 3.0% in West Bengal and 2.2% in Odisha in the organized value retail sector. The company’s cluster-based expansion strategy has been instrumental in its recovery from the pandemic, driving a 23% revenue increase from Rs. 7,879 mn in FY23 to Rs. 9,729 mn in FY24, with around 38% of this revenue coming from private labels. Net profit also grew substantially, from Rs. 51 mn in FY23 to Rs. 219 mn in FY24. Currently, BSRL has a total debt of Rs. 1,782 mn, comprising Rs. 291 mn in current borrowings and Rs. 1,491 mn in non-current borrowings, with plans to reduce this debt. Despite these strengths, BSRL faces notable risks, including intense competition in the retail sector, frequent shifts in consumer trends, and a heavy reliance on apparel, which constitutes approximately 84% of its revenue. Additionally, the company depends on a broad network of third-party suppliers without long-term agreements, posing potential operational risks. The company commands a high valuation with a P/E ratio of 124x at the upper price band based on FY24 earnings. However, given the company’s efforts to enhance its financial performance, increase profitability through private labels, and expand market penetration, we recommend a “SUBSCRIBE” rating for the issue, considering its growth prospects and strategic initiatives.
What is the Baazar Style Retail Ltd IPO?
Baazar Style Retail IPO is a book built issue of Rs 834.68 crores. The issue is a combination of fresh issue of 0.38 crore shares aggregating to Rs 148.00 crores and offer for sale of 1.77 crore shares aggregating to Rs 686.68 crores.
How to apply for the Baazar Style Retail Ltd IPO through Stoxbox?
To apply for the Baazar Style Retail Ltd IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Baazar Style Retail Ltd IPO open?
Baazar Style Retail Ltd IPO is opening on 30th August 2024
What is the lot size of the Baazar Style Retail Ltd IPO?
The Lot Size of Baazar Style Retail Ltd IPO is 38 equity shares
When is the Baazar Style Retail Ltd IPO allotment date?
The allotment Date for Baazar Style Retail Ltd IPO is 04th September 2024
When is the Baazar Style Retail Ltd IPO listing date?
The listing Date for Baazar Style Retail Ltd IPO is 06th September 2024
What is the minimum investment required for the Baazar Style Retail Ltd IPO?
In the Retail segment the minimum investment required is Rs. 14,782
What is the maximum investment allowed for the Baazar Style Retail Ltd IPO?
In the Retail segment the maximum investment requirement is Rs. 192,166
What are the risks associated with investing in the Baazar Style Retail Ltd IPO?
- Intense competition challenges retail performance: The fashion and retail industry is fiercely competitive, with rapid shifts in consumer trends and technology impacting market share. Facing competition from large, well-resourced players, diverse retail formats, and rising online competitors, the company must continuously innovate and adapt to maintain its market position and financial health.
- High dependence on apparel segment faces risk: The company depends significantly on selling apparel, which makes up 83.8% of its revenue. This reliance means any sudden changes in fashion trends or customer preferences could negatively affect its business if it fails to adapt quickly.
- Dependence on third-party suppliers poses risks: The company relies on a diverse network of third-party suppliers without exclusive agreements, which could impact its operations if suppliers fail to deliver quality products or face disruptions. With no long-term contracts, the firm must continuously manage supplier relationships and adapt to potential supply chain issues, affecting inventory and overall business stability.
When will the Baazar Style Retail Ltd IPO shares be credited to my Demat account?
The Baazar Style Retail Ltd IPO be credited to the account on allotment date which is 05th September 2024
Where can I find the Baazar Style Retail Ltd IPO prospectus?
The prospectus of Baazar Style Retail Ltd IPO prospectus can be find on the website of SEBI, NSE and BSE
Please Select A Table From Setting!
What are the important dates related to Baazar Style Retail Ltd IPO?
| IPO Open Date | Friday, August 30, 2024 |
|---|---|
| IPO Close Date | Tuesday, September 3, 2024 |
| Basis of Allotment | Wednesday, September 4, 2024 |
| Initiation of Refunds | Thursday, September 5, 2024 |
| Credit of Shares to Demat | Thursday, September 5, 2024 |
| Listing Date | Friday, September 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 3, 2024 |
ECOS Mobility and Hospitality Ltd IPO : SUBSCRIBE
About ECOS Mobility and Hospitality Ltd IPO
Incorporated in February 1996, ECOS Mobility and Hospitality Ltd. is a chauffeur driven car rental service provider in India. It is the largest and most profitable chauffeur driven mobility service provider in India as of March 2023. The company is primarily engaged in providing chauffeured car rentals (CCR) and employee transportation services (ETS). For more than 25 years, it has been delivering these services to corporate clients, including Fortune 500 companies in India. The two services that the company provides, work on different models. The CCR segment is a B2B2C business, where the customers are the corporate organization, and the end consumer is an employee, client, guest or visitor of the organization. In the ETS segment, the company offers customers with solutions to manage their employee home-office-home ground transportation. The company has a deep rooted and widespread footprint, which is highlighted by their comprehensive network, spread across 109 cities in India, spanning 21 states and 4 union territories. In FY24, the company made a total of 3,100,000 trips, average of 8,400+ trips per day through its CCR and ETS segments. The company also has an extensive global reach, servicing in over 30 countries. The company operates a fleet of more than 12,000 economy to luxury cars, mini vans, luxury coaches, etc. The company also provides specialty vehicles such as luggage vans, limousines, vintage cars and vehicles for accessible transportation for people with disability. The company operates its fleet on an asset light model, where the company strives to keep the number of vehicles they own in their fleet significantly lower than the vehicles which are sourced from its vendors. As of FY24, the company has successfully been able to reduce the number of vehicles they own, which is at 5.8% of all the vehicles they own, vs 10.5% in FY23. Out of the 109 cities where it operates, 97 cities are conducted through vendors. The company has integrated technology into their services by creating custom online booking tools and mobile applications for customers and chauffeurs. ECOS maintains a wide customer base, which consists of InterGlobe Aviation, HCL Corporation, Deloitte Consulting India, Urbanclap Technologies, IndusInd Bank, HDFC Life Insurance Company, etc.
Objective of the ECOS Mobility and Hospitality Ltd IPO
- The company will not receive any proceeds as 100% of the issue is Offer for Sale (OFS).
Rationale To Invest In ECOS Mobility and Hospitality Ltd IPO
Long-standing customer relationships and established brand presence through operational excellence
ECOS, through its two and half decades of operational experience, has been able to establish a sustaining and long-term relationship with customers across industries. The company has an average contract age of 3-4 years with its customers. The company also boasts a robust customer retention rate of 89.8%, highlighting the company’s ability to meet customer requirements consistently. Their vehicles are equipped with top-tier amenities and driven by professionally trained and verified chauffeurs. The company provides dedicated account managers as a single point of contact for all corporate mobility needs, supported by 24/7 customer care. Their commitment to high safety and hygiene standards, rigorous fleet quality checks, and seamless technology integration has strengthened their brand in the chauffeur-driven mobility sector. This high-quality service has established their brand with minimal advertising expenditure. The company also maintains healthy relationships with its vendors and can be primarily attributed to its timely payments, incentives, consistent business and opportunity to work with good customer profile. Owing to the operational efficiency of the company, their customers benefit from the dual offerings of CCR and ETS, which together provide a comprehensive solution for corporate transportation needs. CCR and ETS significantly benefit from targeting two distinct segments while sharing the same systems and administrative infrastructure.
Integrated technology ecosystem enabling operational superiority
The company is dedicated to achieving seamless integrations between its front-end applications and back-end systems. Their emphasis on proprietary technology has allowed them to better manage their service offerings and enhance operational efficiencies by integrating service functions, thereby ensuring accuracy, reliability, and promptness in their operations. The outsourced technology team follows a structured approach to innovation and problem-solving, which has contributed to their ability to build a large customer base, strengthen customer relationships, and enhance brand recognition. The outsourced technology team has developed a range of applications that the company utilizes, including: 1) Online Booking Tool: This customizable tool integrates with customers’ travel desks through an API connection, allowing them to manage their CCR requirements efficiently. It facilitates the smooth transition of reservation data, contactless booking management, and quick access to booking and billing information. 2) Chauffeur Mobile Application: Designed for chauffeurs, this application aids in booking management and provides trip and route information. It also allows the company to monitor chauffeur performance and ensure adherence to quality standards. 3) Customer Mobile Application: This app handles all customer needs, including managing bookings and displaying chauffeur details as soon as a booking is confirmed. 4) CabDrive Pro: A recently launched full-stack corporate car hire management system, CabDrive Pro integrates with customers’ mobile applications, chauffeurs’ applications, and the RentNet application, the company’s central transport management system. 5) RentNet Application: As an end-to-end transport management software, the RentNet application offers features such as live tracking through GPS, customizable solutions, and adjustments based on feedback and incidents. It manages reservations across all cities in India, while in ETS, a third-party technology approved by the client is used to execute trips. The corporate mobility industry is shifting towards a more organized market, with corporates favouring transparent billing, single vendors nationwide, quality services, and better pricing. With digitization offering improved efficiency, autonomy, and data-driven decision-making, the company is well-positioned to capitalize on these trends through technological advancements and secure customer applications.
Valuation of ECOS Mobility and Hospitality Ltd IPO
ECOS Mobility and Hospitality is primarily engaged in the business of providing CCR and ETS, catering to corporate clients, including Fortune 500 companies in India, for over 25 years. The CCR segment operates as a B2B2C business, serving corporate companies whose end consumers are their employees, visitors, or clients. Through the ETS segment, ECOS offers solutions for managing employee ground transportation. ECOS stands as the largest and most profitable chauffeur-driven mobility provider for corporates in India. ECOS’s strong client relationships and high retention rate of 89.8% underscore its reliability and market position. Their integrated technology, including the Online Booking Tool and RentNet Application, boosts service efficiency and client satisfaction. As the industry embraces digital solutions, ECOS is well-positioned to leverage its operational excellence and advanced technology for continued growth and leadership. The market growth in the CCR and ETS segment is driven by the transition from remote work to in-office work, rise in corporate travel, expansion of office spaces and development of tier-II and tier-III cities as more corporates are willing to set up their offices in these cities owing to lower building and rental cost, enhanced mobility efficiency and greater transparency with vendor. These trends are favorable for ECOS, as the company is well-prepared to capitalize on these opportunities. The company aims to strengthen its market position by expanding into tier-II and tier-III cities, enhancing penetration in existing markets, leveraging technology for operational efficiency, and expanding globally to capitalize on future growth opportunities. The company’s financials show robust growth over three fiscal years, with total revenue increasing from Rs. 1,473.4 million in FY22 to Rs. 5,544.1 million in FY24, reflecting a CAGR of approximately 94.0%. EBITDA and PAT also saw significant rise during FY2022-24 period, with CAGR of approximately 123.2% and 151.7%, respectively, to reach Rs. 899.6 million and Rs. 625.3 million . Due to the asset light model, the company is able to reduce the cost and liabilities associated with the ownership of fleets. ECOS’s strong customer and vendor relationships, established brand presence, robust financial performance, and advanced technological ecosystem position the company favorably to capitalize on industry tailwinds. On the upper price band, the issue is valued at a P/E of 32.1x based on FY24 earnings which we feel is fairly valued. We, thus, recommend a SUBSCRIBE rating to the issue from a medium to long term perspective.
What is the ECOS Mobility and Hospitality Ltd IPO?
ECO Mobility IPO is a book built issue of Rs 601.20 crores. The issue is entirely an offer for sale of 1.8 crore shares. ECO Mobility IPO opens for subscription on August 28, 2024 and closes on August 30, 2024. The allotment for the ECO Mobility IPO is expected to be finalized on Monday, September 2, 2024. ECO Mobility IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, September 4, 2024.
How to apply for the ECOS Mobility and Hospitality Ltd IPO through Stoxbox?
To apply for the ECOS Mobility and Hospitality Ltd IPO through StoxBox one can apply from the website and also from the app. Click here
When will the ECOS Mobility and Hospitality Ltd IPO open?
ECOS Mobility and Hospitality Ltd IPO is opening on 28th August 2024
What is the lot size of the ECOS Mobility and Hospitality Ltd IPO?
The Lot Size of ECOS Mobility and Hospitality Ltd IPO is 44 equity shares
When is the ECOS Mobility and Hospitality Ltd IPO allotment date?
The allotment Date for ECOS Mobility and Hospitality Ltd IPO is 02nd September 2024
When is the ECOS Mobility and Hospitality Ltd IPO listing date?
The listing Date for ECOS Mobility and Hospitality Ltd IPO is 04th September 2024
What is the minimum investment required for the ECOS Mobility and Hospitality Ltd IPO?
In the Retail segment the minimum investment required is Rs. 14,696
What is the maximum investment allowed for the ECOS Mobility and Hospitality Ltd IPO?
In the Retail segment the maximum investment requirement is Rs. 191,048
What are the risks associated with investing in the ECOS Mobility and Hospitality Ltd IPO?
- The company is measured against high-quality service standards and governed by the terms and conditions of their contracts with customers. Any failure to comply with these standards or terms may lead to cancellation of existing and future bookings, adversely affecting company’s reputation, business operations, financial condition, and cash flows.
- The company’s business depends on its relationships with vendors who supply vehicles and chauffeurs to them, and any adverse changes in such relationships, or its inability to enter into new relationships, could adversely affect company’s business and results of operations.
- The company incurs significant expenditure towards its vendors and vehicle operation expenses. Any increase in factors affecting the pricing of the services provided by its vendors or cost of operating its vehicles may have an adverse impact on the company’s business, financial conditions and results of operations.
When will the ECOS Mobility and Hospitality Ltd IPO shares be credited to my Demat account?
The ECOS Mobility and Hospitality Ltd IPO be credited to the account on allotment date which is 03rd September 2024
Where can I find the ECOS Mobility and Hospitality Ltd IPO prospectus?
The prospectus of ECOS Mobility and Hospitality Ltd IPO prospectus can be find on the website of SEBI, NSE and BSE
Please Select A Table From Setting!
What are the important dates related toECOS Mobility and Hospitality Ltd IPO?
| IPO Open Date | Wednesday, August 28, 2024 |
|---|---|
| IPO Close Date | Friday, August 30, 2024 |
| Basis of Allotment | Monday, September 2, 2024 |
| Initiation of Refunds | Tuesday, September 3, 2024 |
| Credit of Shares to Demat | Tuesday, September 3, 2024 |
| Listing Date | Wednesday, September 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 30, 2024 |
Premier Energies Ltd IPO : SUBSCRIBE
Premier Energies Ltd. IPO: Timeline & Details
About Premier Energies Ltd IPO
Premier Energies Limited is a leading force in the solar industry with 29 years of experience and a robust manufacturing footprint in Hyderabad, India, featuring a combined annual capacity of 2 GW for solar cells and 4.13 GW for solar modules. Known for its advanced production of bifacial monocrystalline PERC cells and modules, including innovative TOPCon technology, the company operates India’s first LEED Gold-rated solar manufacturing unit. It is expanding its capabilities with a new 1,000 MW TOPCon cell line. Premier Energies has achieved significant milestones, such as establishing a 75 MW cell line in 2011 and expanding to 500 MW in FY 2021, and holds a substantial order book valued at Rs. 59,265.65 million as of July 2024. The company has demonstrated impressive financial growth with a revenue CAGR of 105.7% from FY22 to FY24. It has earned recognition for its sustainability efforts, including awards from the Renewable Energy India Awards and the Government of Telangana.
Objective of the Premier Energies Ltd IPO
The company proposes to utilize the net proceeds towards the funding of the following objects:
- Investment in the Subsidiary, Premier Energies Global Environment Private Limited, for part-financing the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India (the “Project”);
- General corporate purposes.
Rationale To Invest In Premier Energies Ltd IPO
Premier Energies excels in integrated solar cell and module manufacturing and has a proven track record
According to Frost & Sullivan, Premier Energies is India’s second-largest integrated solar cell and module manufacturer as of March 31, 2024, boasting an annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules. Despite trailing behind Mundra Solar, the largest manufacturer in the country, Premier Energies has demonstrated significant growth over the past 25 years, with their installed capacity expanding from 75 MW in 2011 to 2,000 MW for solar cells and 4,134 MW for solar modules by 2024. The company has made substantial capital investments in their manufacturing units, including a notable increase in module capacity with the latest lines in Units IV and V. Their expertise in solar cell and module production, coupled with advanced technologies like TOPCon, positions them well in the domestic and international markets. With strong vertical integration and a reputation for quality, evidenced by industry awards and significant international export achievements, Premier Energies is well-equipped to capitalize on future opportunities in the solar energy sector.
Premier Energies boasts a diversified customer base and robust order book, with established relationships in India and overseas
Premier Energies leverages its significant annual installed capacity and market position to offer competitive pricing, facilitating access to a broad and diverse customer base both domestically and internationally. As of the Red Herring Prospectus date, Premier Energies serves 165 domestic customers across 23 Indian states and territories and has eight international customers. The company has seen substantial growth in its customer base, with domestic customer numbers increasing from 165 in FY22 to 200 in FY24, while international customers rose from 8 to 27 during the same period. Key domestic clients include Continuum, Shakti Pumps, and First Energy, while global clients feature Arka Energy Inc. of the US. The company’s revenue from operations for FY24 was Rs. 31,437.93 million, with significant contributions from domestic and export markets. Premier Energies’ order book, valued at Rs. 59,265.65 million as of July 31, 2024, includes notable agreements with NTPC and other major customers. The company’s strategic focus on expanding manufacturing capacities and fostering new customer relationships aims to bolster its global market presence and growth prospects.
Valuation of Premier Energies Ltd IPO
Premier Energies Limited (PEL), a prominent player in integrated solar cell and module manufacturing, has shown impressive growth and financial performance over its 29-year history. As of March 31, 2024, PEL stands as the second-largest integrated solar manufacturer in India, with an annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules. For FY24, the company reported revenues of Rs. 31,437.93 million, displaying a CAGR of 105% from FY22, reflecting its strong market presence and operational efficiency. PEL’s order book, valued at Rs. 59,265.65 million as of July 31, 2024, highlights its robust demand and strategic customer relationships. The company’s net income for FY24 was Rs. 2,303 million notably positive, demonstrating a turnaround from past losses of Rs. 146 million in FY23 and indicating strong profitability. Additionally, PEL has invested heavily in expanding its manufacturing capabilities, including a new 4 GW TOPCon solar cell and module line. Despite challenges such as underutilized capacity and intense industry competition, PEL reported a profit of Rs. 1,982 million in FY24 reflecting its solid market position and growth potential. The company has demonstrated consistent enhancement in its Return on Capital Employed (ROCE), progressing from 3.6% in FY22 to 25.6% in FY24. The company’s diversified customer base, which includes major domestic and international clients, further underscores its market strength and prospects for continued expansion. The company is valued at a PE ratio of 82.1x on the upper price band based on FY24 earnings, which is reasonable compared to its peers. Given its strategic investments, strong financial recovery, and substantial order book, the company is well-positioned to capitalize on growth opportunities in the solar energy sector. Therefore, we recommend a “SUBSCRIBE” rating for medium to long-term investment.
What is the Premier Energies Ltd IPO?
Premier Energies IPO is a book built issue of Rs 2,830.40 crores. The issue is a combination of fresh issue of 2.87 crore shares aggregating to Rs 1,291.40 crores and offer for sale of 3.42 crore shares aggregating to Rs 1,539.00 crores.
How to apply for the Premier Energies Ltd IPO through Stoxbox?
To apply for the Premier Energies Ltd IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Premier Energies Ltd IPO open?
Premier Energies Ltd IPO is opening on 27th August 2024
What is the lot size of the Premier Energies Ltd IPO?
The Lot Size of Premier Energies Ltd IPO is 32 equity shares
When is the Premier Energies Ltd IPO allotment date?
The allotment Date for Premier Energies Ltd IPO is 30th August 2024
When is the Premier Energies Ltd IPO listing date?
The listing Date for Premier Energies Ltd IPO is 03rd September 2024
What is the minimum investment required for the Premier Energies Ltd IPO?
In the Retail segment the minimum investment required is Rs. 14,850
What is the maximum investment allowed for the Premier Energies Ltd IPO?
In the Retail segment the maximum investment requirement is Rs. 193,050
What are the risks associated with investing in the Premier Energies Ltd IPO?
- Premier Energies Financial Stability Dependent on Key Customers and Success of Solar Products: Premier Energies revenue is significantly tied to key customers and relies heavily on the success of its solar cells and modules. Any loss of major clients or changes in demand for monocrystalline solar technology could adversely impact financial performance, highlighting the company’s dependence on these factors for profitability.
- Geographic Concentration: Premier Energies operations are concentrated in Telangana, India, with five manufacturing sites in Hyderabad and a planned facility in Seetharampur. This geographic concentration exposes the company to risks such as economic fluctuations, weather conditions, and natural disasters. Although recent disruptions have been minimal, any significant issues could adversely impact production, shipments, and financial performance.
- Impact of Capacity Expansion on Business: Expanding annual installed capacity despite underutilization could adversely affect the company’s financial health if demand does not meet expectations. The planned 4 GW TOPCon cell and module facility aims to enhance market share and reduce costs, but if demand falls short, it may lead to increased costs and financial strain.
When will the Premier Energies Ltd IPO shares be credited to my Demat account?
The Premier Energies Ltd IPO be credited to the account on allotment date which is 02nd September 2024
Where can I find the Premier Energies Ltd IPO prospectus?
The prospectus of Premier Energies Ltd IPO prospectus can be find on the website of SEBI, NSE and BSE
Please Select A Table From Setting!
What are the important dates related to Premier Energies Ltd IPO?
| IPO Open Date | Tuesday, August 27, 2024 |
|---|---|
| IPO Close Date | Thursday, August 29, 2024 |
| Basis of Allotment | Friday, August 30, 2024 |
| Initiation of Refunds | Monday, September 2, 2024 |
| Credit of Shares to Demat | Monday, September 2, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2024 |
Orient Technologies Ltd IPO : SUBSCRIBE
Orient Technologies Ltd IPO: Timeline & Details
About Orient Technologies Ltd IPO
Orient Technologies Ltd., incorporated in 1997, is an IT solutions provider headquartered in Mumbai, with sales and services offices across various cities in India and a branch in Singapore. Over the years, it has built deep expertise to develop products and solutions for specialized disciplines across business verticals, which are IT Infrastructure Products and Solutions including Data Centre Solutions and End-User Computing; IT Enabled Services (ITes) including Managed Services, Multi-Vendor Support Services and IT Facility; and Cloud and Data Management Services include migration of workload from data centres to cloud. The company’s business operations involve technologically advanced solutions for which they collaborate with a wide range of technology partners, including Dell International Services India Private Limited (Dell), Fortinet Inc. (Fortinet) and Nutanix Netherlands BV (Nutanix). An essential facet of product and service offerings is the ability to tailor and customize offerings to customers’ needs. The collaboration with technology partners heightens the ability to design and innovate products and provide solutions tailored to specific customer requirements. The company’s range of customized offerings and ability to tailor solutions to the particular needs of customers specifically have enabled it to garner prominent customers across industries and count leading public and private sector entities across diverse customer industries such as banking, financial services, and insurance (BFSI), IT, ITeS, and Pharmaceutical. Orient Technologies’ constant endeavour is to nurture every client relationship to ensure it translates into a long-term association. The company also continually engages with customers to understand their requirements better, provide more holistic services, and identify new areas where they can engage with them.
Objective of the Orient Technologies Ltd IPO
The net proceeds from the fresh issue will be used towards the following purposes:
- Funding the capital expenditure requirement for setting up of Network Operating Centre (NOC) and Security Operation Centre (SOC) at Navi Mumbai Property and Purchase of equipment and devices to offer Devise-as-a-Service (DaaS) offering;
- Acquisition of office premise at Navi Mumbai;
- General corporate purposes.
Rationale To Invest In Orient Technologies Ltd IPO
Marquee customers across diverse industries enhance the company’s competitive edge
Orient Technologies commenced business in 1997 and has since built a reputation in India based on the quality of its products and services. One of the singular factors that have enabled it to grow its business consistently is the ability to tailor and customize products and services to suit customers’ requirements. Over the years, Orient Technologies has built deep expertise in developing products and solutions for specialized disciplines, including Human Computer Interaction, End-User Computing, and Robotic Process Automation. The company’s business operations involve technologically advanced solutions, for which it collaborates with a wide range of technology partners, including Dell, Fortinet, and Nutanix. The company’s collaboration with technology partners heightens the ability to design and innovate products and provide services tailored to specific customer requirements. The company has demonstrated an ability to cater to entities across various customer industries. As of June 30, 2024, they had a diverse base of customers across public and private sector entities across diverse customer industries such as BFSI, IT, ITeS, and healthcare/pharmaceutical. Orient Technologies has also established a strong relationship with marquee customers such as Coal India, Mazagon Dock, D’Décor, Jyothy Labs, ACG, Integreon, Bluechip, Tradebulls, VJS Bank, VKS Bank, and Joint Commissioner of Sales Tax (GST Mahavikas). Its top 10 customers have consistently contributed a significant part of the revenue from operations. The revenue from its top 10 customers constituted 38.1% of sales for FY24. This highlights the company’s ability to maintain significant and stable revenue streams through strategic customer relationships across diverse industries.
Global presence with high entry barriers to aid business performance
Orient Technologies offers a wide-ranging and diversified bouquet of product and service offerings and classifies business into three verticals: IT Infrastructure, ITeS, and Cloud and Data Management Services. The company’s products and services in IT Infrastructure are comprised of Data Centre Solutions and End-User Computing. While the IT Infrastructure segment has the longest operational track record and the largest revenue-generating segment, it has broad-based offerings that are significant and is continually adding new products. The ITeS segment includes Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals. The company’s large pool of skilled and technically competent resources ably supports ITeS operations, and this segment grew at a CAGR of 29.5% between FY22 and FY24. Over the years, cloud services have gained traction due to their ability to transform enterprises by adapting modern technologies. The company’s Cloud and Data Management Services include workload migration from data centres to the cloud. Its products and services in this vertical comprise data analytics, business analytics, RPA, IoT, DevOps, containerization, and microservices on a subscription basis. The company has developed cloud expertise, scalability, domain knowledge, and partnerships with technology partners, which are key to competitive edge.
Valuation of Orient Technologies Ltd IPO
Orient Technologies is engaged in IT solutions and related services across business verticals. Its expertise, enhanced over the years, combined with the strength of its collaborative efforts with technology partners, enables it to provide customized IT solutions to customers. It also tracks developments in its business segments to stay well-informed of emerging trends and capitalize on new business opportunities. The company’s business operations are concentrated in India, and revenues are predominantly generated from India. While they cater to a large number of multinational companies and transnational corporations and have a branch in Singapore, they are yet to expand their international operations significantly. The (Indian) IT Services industry is predominantly export-oriented, with exports accounting for 85% of the total revenue, with North America and Europe being key geographies. The company demonstrated consistent Rev/EBITDA/PAT growth at a compound annual growth rate (CAGR) of 13.7%/12.9%/11.2% during FY2022-24 period, respectively. The company has experienced sustained growth in financial performance commensurate with the broadening of its product range and increased customer base. As we advance, Orient Technologies’ financial performance is likely to be driven by expanding its product and services portfolio, increasing its global footprint, long-term relationships with customers and collaboration with technology partners, thereby heightening its ability to design and innovate products and provide solutions tailored to specific customer requirements. The issue is valued at a P/E of 20.7x on the upper price band based on FY24 earnings, which is deemed fair compared to its peers. Therefore, we recommend a SUBSCRIBE rating for the issue.
What is the Orient Technologies Ltd IPO?
Orient Technologies IPO is a book built issue of Rs 214.76 crores. The issue is a combination of fresh issue of 0.58 crore shares aggregating to Rs 120.00 crores and offer for sale of 0.46 crore shares aggregating to Rs 94.76 crores.
How to apply for the Orient Technologies Ltd. IPO through Stoxbox?
To apply for the Orient Technologies Ltd IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Orient Technologies Ltd IPO open?
Orient Technologies Ltd IPO is opening on 21st August 2024.
What is the lot size of the Orient Technologies Ltd IPO?
The Lot Size of Orient Technologies Ltd IPO is 72 equity shares
When is the Orient Technologies Ltd. IPO allotment date?
The allotment Date for Orient Technologies Ltd IPO is 26st August 2024
When is the Orient Technologies Ltd IPO listing date?
The listing Date for Orient Technologies Ltd IPO is 28th August 2024
What is the minimum investment required for the Orient Technologies Ltd. IPO?
In the Retail segment the minimum investment required is Rs. 14,832
What is the maximum investment allowed for the Orient Technologies Ltd IPO?
In the Retail segment the maximum investment requirement is Rs. 192,816
What are the risks associated with investing in the Orient Technologies Ltd IPO?
- The company is heavily reliant on its top 10 customers, and the loss of such customers or a significant reduction in their purchases will have a material adverse impact on the business.
- The company’s future success will depend on its ability to effectively implement business and growth strategies. Further, the company is in the process of adopting a new line of business. Any failure to effectively implement business and growth strategies or successfully operate in this new line of business may adversely affect the company’s results of operations.
- The company’s success depends on long-term relationships with customers. They do not generally enter into long-term contracts with customers. The loss of one or more customers or a reduction in their demand for solutions could adversely affect the business, results of operation, and financial conditions.
When will the Orient Technologies Lt IPO shares be credited to my Demat account?
The Orient Technologies Ltd IPO be credited to the account on allotment date which is 27th August 2024
Where can I find the Orient Technologies Ltd IPO prospectus?
The prospectus of Orient Technologies Ltd IPO prospectus can be find on the website of SEBI, NSE and BSE
Please Select A Table From Setting!
What are the important dates related to the Saraswati Orient Technologies Ltd IPO?
| IPO Open Date | Tuesday, August 27, 2024 |
|---|---|
| IPO Close Date | Thursday, August 29, 2024 |
| Basis of Allotment | Friday, August 30, 2024 |
| Initiation of Refunds | Monday, September 2, 2024 |
| Credit of Shares to Demat | Monday, September 2, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2024 |
Interarch Building Products Ltd IPO : SUBSCRIBE
Interarch Building Products Ltd. IPO: Timeline & Details
About Interarch Building Products Ltd IPO
Interarch Building Products Ltd. is one of the leading providers of turnkey pre-engineered steel construction solutions in India. Incorporated in 1983, the company has over 30 years of experience in the pre-engineered steel buildings (PEB) industry with its brands “TRAC” and “TRACDEK”. The extensive experience has allowed the company to evolve into a comprehensive PEB solution provider, building a strong track record through deep customer insights gained over the years. The company boasts comprehensive facilities that encompass design and engineering, manufacturing, and on-site project management for the installation and erection of PEBs. The company is ranked third among integrated PEB players in India in terms of operating revenue from PEB business in FY23. Additionally, it
holds the second largest installed capacity at 141,000 MTPA (as of 31st March 2024) and commands a 6.5% market share in terms of operational income for FY24 among integrated PEB players in India. Interarch custom designs, engineers, and fabricates PEBs for industrial, infrastructure, and building applications. They have delivered projects for e-commerce warehouses, paint production lines, FMCG manufacturing units, indoor stadiums, and the cement industry. The company offers PEBs through two main channels. The first is PEB Contracts, where the company provides complete turnkey solutions, including on-site project management for the installation and erection of PEBs at customer sites. The second is PEB Sales, which involves the direct sale of pre-engineered steel building materials to customers. The company primarily produces its products in-house at four manufacturing facilities: two in Sriperumbudur, Tamil Nadu, and one each in Pantnagar and Kichha, Uttarakhand. Additionally, Interarch has three dedicated design engineering centers in Noida, Uttar Pradesh; Chennai, Tamil Nadu; and Hyderabad, Telangana, which allows the company to provide customized PEBs to meet customer requirements. The company further plans to set up manufacturing facilities in Andhra Pradesh and Gujarat. The company has built long-standing relationships with many customers, including various customer groups, due to its focus on quality, cost efficiency, and timely execution.
Objective of the Interarch Building Products Ltd IPO
The net proceeds from the fresh issue will be used towards the following purposes:
- Financing the capital expenditure towards setting up a new PEB manufacturing unit (classified as phase 2 ofthe company’s capacity development plan at the planned Andhra Pradesh manufacturing facility);
- Financing the capital expenditure towards upgradation of the Kichha manufacturing facility, Tamil Nadu manufacturing facility I, Tamil Nadu manufacturing facility II and Pantnagar manufacturing facility;
- Funding investment in information technology assets for upgradation of existing information technology infrastructure of the company;
- Funding incremental working capital requirements; and
- General corporate purposes.
Rationale To Invest In Interarch Building Products Ltd IPO
Integrated manufacturing with in-house design and project management enhances efficiency and quality
The company’s vertically integrated manufacturing operations cover the entire PEB product lifecycle, from estimation, design, and engineering to fabrication, supply, and on-site project management for installation and erection at customer sites. The company’s manufacturing facilities are equipped with tooling, testing, and quality control equipment, adhering to international quality management standards. By continuously investing in these facilities and design capabilities, the company aims to develop cost-efficient manufacturing processes that meet customer requirements and specifications. The company’s manufacturing operations are supported by a supply chain of third-party suppliers in India, providing raw materials like steel according to specifications. A network of transporters ensures the delivery of raw materials to manufacturing facilities and finished products to customer sites. The implementation of ERP infrastructure across significant operations and departments enhances the integration of supply chain relationships, design and engineering, internal processes, sales and marketing offices, and project management, improving cost and time efficiency. Additionally, the company has invested in computer-aided design technology, such as Staad Pro, MBS, FrameCad, Tekla, AutoCAD, and ZWCAD, to help its design and engineering team meet customer requirements for design and detailing. The company’s project planning and control team manages order execution and coordinates with various departments. They also liaise with customers on all project aspects, from estimation to handover, including design, engineering, manufacturing, quality testing, erection, and installation. All teams collaborate with the design and engineering team to ensure timely delivery of customized, design-compliant PEBs. The company leverages its vertically integrated manufacturing operations to maintain strategic control over the entire process, from design and engineering to manufacturing, installation, and erection of PEBs at customer sites. This approach helps execute orders efficiently in terms of time and cost, while minimizing reliance on external parties. and coordinates with various departments. They also liaise with customers on all project aspects, from estimation to handover, including design, engineering, manufacturing, quality testing, erection, and installation. All teams collaborate with the design and engineering team to ensure timely delivery of customized, design-compliant PEBs. The company leverages its vertically integrated manufacturing operations to maintain strategic control over the entire process, from design and engineering to manufacturing, installation, and erection of PEBs at customer sites. This
approach helps execute orders efficiently in terms of time and cost, while minimizing reliance on external parties.
Strong market position and loyal customer base enhances company’s competitive edge
With 30 years of experience in the PEB industry, Interarch has evolved into a comprehensive PEB solution provider. In FY24, it ranked third among integrated PEB players in India based on operational revenue. To maintain a strong market presence, the company operates eight sales and marketing offices across Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, and West Bengal, ensuring effective customer service. The company also boasts a strong and diverse customer base within the sectors it operates, i.e. industrial/manufacturing, infrastructure and building. The company’s industrial and manufacturing construction clients include Grasim Industries, Berger Paints, an air conditioner manufacturer, Timken India Limited, and Addverb Technologies. In the infrastructure construction category, the company serves a warehousing and logistics service provider. The company has built long-standing relationships with many customers due to its focus on quality, cost efficiency, and timely execution. It achieved an impressive repeat order rate of 81.4% in FY24, up from 58.6% in FY22, indicating enhanced customer satisfaction and loyalty. The company has a diverse customer base and a well-managed, de-risked client portfolio, with the top five customers contributing no more than 26% of total revenue. With a robust market position, a diverse and loyal customer base, and a proven track record of quality and efficiency, Interarch is well-positioned to continue its growth trajectory and maintain its leadership in the PEB industry.
Valuation of Interarch Building Products Ltd IPO
Interarch Building Products Ltd. designs, manufactures, and sells PEBs through two main offerings. Firstly, the company provides PEB Contracts, delivering complete PEBs on a turnkey basis, which includes on-site project management for installation and erection. Secondly, Interarch offers PEB Sales, encompassing metal ceilings, corrugated roofing, PEB
steel structures, and light gauge framing systems. In PEB construction, various primary and secondary building components are manufactured at the company’s plant and transported in a completely knocked-down form for assembly and erection at the customer’s site. Interarch’s extensive experience and vertically integrated manufacturing operations ensure
efficient, cost-effective, and high-quality delivery of PEBs. With a robust market position, diverse and loyal customer base, and a proven track record of quality and efficiency, Interarch is well-positioned to continue its growth trajectory and maintain its leadership in the PEB industry. The company’s strategic control over the entire PEB lifecycle, from design to installation, minimizes reliance on external parties, further enhancing its competitive edge. With the government’s continued focus on infrastructure, as evidenced by increasing central and state budget allocations to capital expenditure, and further growth driven by urbanization, industrial capital expenditure, planned capacity expansions, and government-led initiatives, Interarch is well-positioned to capitalize on the growth of the PEB industry in India. The company’s extensive track record, domain expertise, established brand presence, and strong market position, combined with its integrated facilities for design and engineering, manufacturing, and on-site project management for the installation and erection of PEBs, provide a solid foundation for leveraging these growth opportunities. Financially, the company achieved impressive growth between FY22 and FY24, with Revenue, EBITDA, and PAT growing at a CAGR of 24.6%, 80.2%, and 124.4%, respectively. The company’s revenue breakdown for FY24 shows that 75.7% came from PEB contracts, while 23% was generated from PEB sales. Interarch’s strong market position, integrated operations, and diverse customer base ensure costeffective and timely project execution, thereby positioning the company for success in the PEB industry. On the upper price band, the issue is valued at a P/E of 15.3x based on FY24 earnings which we feel is fairly valued compared to its peers. We, thus, recommend a SUBSCRIBE rating to the issue from a medium to long term perspective.
What is the Interarch Building Products Ltd IPO?
Interarch Building Products IPO is a book built issue of Rs 600.29 crores. The issue is a combination of fresh issue of 0.22 crore shares aggregating to Rs 200.00 crores and offer for sale of 0.44 crore shares aggregating to Rs 400.29 crores.
How to apply for the Interarch Building Products Ltd. IPO through Stoxbox?
To apply for the Saraswati Saree Depot Ltd. IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Interarch Building Products Ltd IPO open?
Interarch Building Products Ltd IPO is opening on 19th August 2024.
What is the lot size of the Interarch Building Products Ltd IPO?
The Lot Size of Interarch Building Products Ltd IPO is 16 equity shares
When is the Interarch Building Products Ltd IPO allotment date?
The allotment Date for Interarch Building Products Ltd IPO is 22th August 2024
When is the Interarch Building Products Ltd IPO listing date?
The listing Date for Interarch Building Products Ltd IPO is 26th August 2024
What is the minimum investment required for the Interarch Building Products Ltd IPO?
In the Retail segment the minimum investment required is Rs. 14,400
What is the maximum investment allowed for the Interarch Building Products Ltd. IPO?
In the Retail segment the maximum investment requirement is Rs. 187,200
What are the risks associated with investing in the Interarch Building Products Ltd IPO?
- The company relies on a limited number of third-party suppliers for a continuous supply of raw materials and does not have ongoing or exclusive agreements with any of them. The loss of these suppliers or delays in raw material deliveries could adversely affect the company’s business, operational results, financial condition, and cash flows.
- The business and profitability are substantially dependent on the availability and the cost of raw materials and components consumed, including steel, and any disruption to the timely and adequate supply of raw materials, or volatility in the prices of raw materials may adversely impact the business, results of operations, financial condition and cash flows.
- Customers or customer groups do not commit to long-term or continuing contracts and may cancel or modify their orders or postpone or default in their payments. Any cancellation, modification, payment postponement or payment default in regard to the order book could materially harm the company’s cash flow position, revenues and earnings.
When will the Interarch Building Products Ltd IPO shares be credited to my Demat account?
The Interarch Building Products Ltd IPO be credited to the account on allotment date which is 23th August 2024
Where can I find the Interarch Building Products Ltd IPO prospectus?
The prospectus of Interarch Building Products Ltd IPO prospectus can be find on the website of SEBI, NSE and BSE
Please Select A Table From Setting!
What are the important dates related to the Interarch Building Products Ltd IPO?
| IPO Open Date | Monday, August 19, 2024 |
|---|---|
| IPO Close Date | Wednesday, August 21, 2024 |
| Basis of Allotment | Thursday, August 22, 2024 |
| Initiation of Refunds | Friday, August 23, 2024 |
| Credit of Shares to Demat | Friday, August 23, 2024 |
| Listing Date | Monday, August 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2024 |
Saraswati Saree Depot Ltd IPO : SUBSCRIBE
Saraswati Saree Depot Ltd IPO: Timeline & Details
About Saraswati Saree Depot Ltd IPO
Founded in 1966, Saraswati Saree Depot Ltd. (SSDL) has established itself as a leading player in the saree wholesale market in India. The company, which operates out of its expansive 169,120 sq. ft. complex in Uchgaon, Kolhapur, and a smaller unit in Ulhasnagar, specializes in the wholesale distribution of sarees and a range of other women’s apparel, including kurtis, lehengas, and bottoms. SSDL’s product catalog features over 300,000 SKUs sourced from more than 900 weavers across key Indian hubs such as Surat, Varanasi, and Kolkata. The company serves over 13,000 unique customers annually and achieved sales exceeding Rs. 600 crores in FY24. With its core business heavily focused on sarees, which account for over 90% of its revenue, SSDL has successfully adapted to evolving consumer preferences by emphasizing quality and premium offerings. The annual “Utsav” event, which contributes 13-15% to the company’s revenue, highlights its commitment to customer engagement and product excellence.
Objective of the Saraswati Saree Depot Ltd IPO
The company proposes to utilize the net proceeds towards the funding of the following objects:
- Funding working capital requirements of the company;
- General corporate purposes.
Rationale To Invest In Sarswati Saree Depot Ltd IPO
Robust supplier network and strategic bulk sourcing fuel the company’s market reach and competitive edge
Saraswati Saree Depot Ltd. (SSDL) has built strong connections with over 900 weavers and suppliers across major textile hubs in India, including Surat, Varanasi, Madurai, and Kolkata. This extensive network supports SSDL’s expansive product catalog, which features more than 300,000 unique SKUs, offering a wide variety of sarees and women’s apparel. The company has successfully diversified its customer base, with the top 10 customers contributing between 7.9% and 8.9% of total revenues over the past three fiscal years, showcasing a broad and varied clientele. Similarly, the top 10 suppliers account for 22.9% to 26.8% of total purchases, reflecting strong supplier relationships and a strategic approach to minimize dependency on any single source. Operating mainly in the southern and western regions of India – Maharashtra, Goa, Karnataka, and Tamil Nadu, SSDL served over 13,000 unique customers in FY24. By leveraging bulk purchasing, SSDL effectively optimizes costs, reduces supply chain risks, and secures better pricing. This strategy ensures a consistent inventory, competitive pricing, and a diverse product range, allowing the company to meet a wide array of customer needs and maintain a competitive edge.
Diverse product range enhances the company’s market position and customer appeal
Saraswati Saree Depot Ltd. offers an extensive and diverse product portfolio that includes over 300,000 unique SKUs spanning various categories of women’s apparel. The company’s core focus is on sarees, which are available in a wide range of styles and specifications. These sarees are categorized by occasion (casual, wedding, festive, party), fabric types (silk, cotton, georgette, and blends), weaves (Banarsi, Kanjivaram, Patola, and more), patterns (woven, printed, floral, geometric), and ornamentations (zari, sequins, floral embroidery). This extensive categorization allows SSDL to cater to a broad spectrum of customer preferences and ensures that there is a suitable option for every occasion and style. In addition to its comprehensive saree collection, SSDL also offers a variety of other women’s apparel, including kurtis, dress materials, blouse pieces, lehengas, bottoms, and various accessories. This wide range of products helps the company to mitigate the risk of over-reliance on any single product category and strengthens its competitive edge by providing a broad selection to its customers. By offering such a diverse product range, SSDL meets the evolving demands of its clientele and maintains its position as a versatile and comprehensive supplier in the women’s apparel market
Valuation of Sarswati Saree Depot Ltd IPO
Saraswati Saree Depot Ltd. operates a distinctive B2B saree wholesale model, offering an extensive range of over 300,000 SKUs sourced from more than 900 weavers to a network of over 13,000 semi-wholesalers and retailers. The company’s core business focuses heavily on sarees, which generate more than 90% of its revenue. Recently, SSDL has diversified its product offerings to include kurtis, dress materials, and branded men’s suiting and shirting, which now contribute to the remaining revenue. Financially, SSDL has demonstrated robust growth over the past three fiscal years. In FY22, the company reported a revenue of Rs. 5,496 million and a net profit of Rs. 123 million. This grew to Rs. 6,109 million in revenue and Rs. 296 million in net profit in FY24. The company reported a healthy ROCE of 64.5% in FY24 and reduced its borrowings to Rs. 435 million in FY24 from Rs. 666 million in FY22. The company has maintained positive growth in both revenue and profit, with current EPS of Rs. 8.9. Given the company’s strategic focus on strengthening inventory management, expanding into men’s ethnic wear, and enhancing its e-commerce presence, we remain optimistic on the company’s growth prospects. Considering its reasonable valuation with a P/E of 17.9x based on FY24 earnings, we recommend a “SUBSCRIBE” rating to the issue from a medium to long-term perspective.
What is the Saraswati Saree Depot Ltd. IPO?
Saraswati Saree Depot IPO is a book built issue of Rs 160.01 crores. The issue is a combination of fresh issue of 0.65 crore shares aggregating to Rs 104.00 crores and offer for sale of 0.35 crore shares aggregating to Rs 56.02 crores.
How to apply for the Saraswati Saree Depot Ltd. IPO through Stoxbox?
To apply for the Saraswati Saree Depot Ltd. IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Saraswati Saree Depot Ltd. IPO open?
Saraswati Saree Depot Ltd. IPO is opening on 12th August 2024.
What is the lot size of the Saraswati Saree Depot Ltd. IPO?
The Lot Size of Saraswati Saree Depot Ltd. IPO is 90 equity shares
When is the Saraswati Saree Depot Ltd. IPO allotment date?
The allotment Date for Saraswati Saree Depot Ltd. IPO is 16th August 2024
When is the Saraswati Saree Depot Ltd. IPO listing date?
The listing Date for Saraswati Saree Depot Ltd. IPO is 20th August 2024
What is the minimum investment required for the Saraswati Saree Depot Ltd. IPO?
In the Retail segment the minimum investment required is Rs. 14,400
What is the maximum investment allowed for the Saraswati Saree Depot Ltd. IPO?
In the Retail segment the maximum investment requirement is Rs. 187,200
What are the risks associated with investing in the Saraswati Saree Depot Ltd. IPO?
- Vulnerability due to high dependence on saree sales: The company’s heavy reliance on saree sales, which account for over 90% of its revenue, makes it highly susceptible to fluctuations in demand and changes in consumer preferences, with the risk that any failure to anticipate or adapt to these shifts could result in reduced sales, obsolete inventory, pricing pressures, and a negative impact on its financial performance and operational stability.
- Competitive market: Saraswati Saree Depot Ltd. faces intense competition in the largely unorganized saree market, with threats from both regional players and larger brands. The company’s focus on women’s apparel, which makes up 40% of the market, exposes it to risks from changing consumer preferences and market trends, potentially impacting its profitability and market share.
When will the Saraswati Saree Depot Ltd. IPO shares be credited to my Demat account?
The Saraswati Saree Depot Ltd. IPO be credited to the account on allotment date which is 19th August 2024
Where can I find the Saraswati Saree Depot Ltd. IPO prospectus?
The prospectus of Sanstar IPO prospectus can be find on the website of SEBI, NSE and BSE
Please Select A Table From Setting!
What are the important dates related to the Saraswati Saree Depot Ltd. IPO?
| IPO Open Date | Monday, August 12, 2024 |
|---|---|
| IPO Close Date | Wednesday, August 14, 2024 |
| Basis of Allotment | Friday, August 16, 2024 |
| Initiation of Refunds | Monday, August 19, 2024 |
| Credit of Shares to Demat | Monday, August 19, 2024 |
| Listing Date | Tuesday, August 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 14, 2024 |