Archives: Ipos

Incorporated in 2002, in West Bengal, Vedant Fashions Ltd (VFL), with its brand ‘Manyavar’ is a category leader in the branded Indian wedding and celebration wear market with a pan- India presence. The company has established a multi-channel network and introduced brands by identifying gaps in the under-served and high-growth Indian wedding and celebration wear category. VFL is the largest company in India in the men’s Indian wedding and celebration wear segment in terms of revenue, EBITDA and PAT for the FY20. VFL offers a wide spectrum of products for every celebratory occasion. VFL has their dominance in the premium and value segments of the men’s Indian wedding and celebration wear market through their brands, Twamev and Manthan, respectively, and in the women’s Indian wedding and celebration wear market through their brand, Mohey.

Incorporated in 2008, CMS Info Systems Ltd (CMS) is India’s largest cash management company based on number of ATM points and number of pick up points. The company’s business includes installing, maintaining and managing assets and technology solutions on end-to-end outsourced basis for banks under long term contracts. CMS operates their business under 3 verticals, namely “Cash management services” which include end to end ATM replenishment services, “Managed Services” which includes banking, automation and “Other” which are in the nature of end-to-end financial card issuance and card personalization services. CMS has served more than 141,977 business points across their ATM cash management system, retail cash management and managed services businesses. The promoter of the company (having a pre-IPO 100% holding) is Sion Investment Holding Pte Ltd, which is an affiliate of Baring Private Equity Asia.

Supriya Lifescience Limited (SLL) is one of the key Indian manufacturers and suppliers of active pharmaceuticals ingredients (“APIs”), with a focus on research and development. As of October 31, 2021, they have niche product offerings of 38 APIs focused on diverse therapeutic segments such as antihistamine, analgesic, anesthetic, vitamin, anti-asthmatic and anti-allergic. From April 1, 2020 until October 31 2021, their products were exported to 86 countries to 1,296 customers including 346 distributors. Their products are registered with various international regulatory authorities such as USFDA, EDQM, NMPA (previously known as SFDA), KFDA, PMDA, TGA and Taiwan FDA. As of October 31 , 2021, they have filed 14 active DMFs with USFDA and eight active CEPs with EDQM, for their API products in therapeutic areas such as antihistamine, analgesic, anesthetic, vitamin, antiasthmatic and anti-allergic. Their business operations are supported by a modern manufacturing facility located in Parshuram Lote, Maharashtra, which is approximately 250 km from Mumbai, Maharashtra.

Incorporated in 1985, Data Patterns is a defence and aerospace electronics solutions provider catering to the indigenously developed defence products industry. The company offers products to the entire spectrum of defence and aerospace platforms – space, air, land, and sea. With net profitability growth of approximately 164% between FY20-21, they are one of the fastest growing companies in the Defence and Aerospace Electronics sector in India (F&S Report). They have design capabilities across the entire spectrum of strategic defense and aerospace electronics solutions including processors, power, radio frequencies (“RF”) and microwave, embedded software and firmware and mechanical engineering. Their core competencies include electronic hardware design and development, software design and development, firmware design and development, mechanical design and development, product prototype design and development, functional testing and validation, environment testing and verification and engineering services opportunities. Their design and development capabilities have allowed them to develop complete systems as well as sub -systems for various strategic defense and aerospace electronics solutions. These systems have found applications on various platforms and programmes such as the Tejas Light Combat Aircraft (“LCA”), the Light Utility Helicopter (“LUH”), BrahMos missile programme, precision approach radars and various communications intelligence (“COMINT”) and electronic intelligence (“ELINT”) systems.

Incorporated in 2006, MedPlus Health Services is India’s 2nd largest pharmacy retailer in terms of the number of stores and revenue. The company offers pharmaceutical and wellness products i.e. medicines, vitamins, medical devices, test kits, and fast-moving consumer goods like home and personal care products sanitizers, etc. It is also the 1st pharmacy retailer in India to offer an omnichannel platform wherein customers can purchase products through stores, place orders over the telephone, online orders and a “Click and Pick” facility. The company has maintained a strong focus on scaling up their store network, having grown from operating their initial 48 stores in Hyderabad at the inception of their business to operating a pharmacy retail network of over 2,000 stores distributed across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal

Metro Brands Ltd is one of the largest Indian footwear specialty retailers. They opened their first store under the “Metro” brand in Mumbai in 1955 and have since been retailing a wide range of branded products. As of September 30, 2021, Metro operated 598 Stores across 136 cities. They target the economy, mid and premium segments in the footwear market. The company owns the brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop which complements their inhouse brands. They also retail footcare and shoe-care products at their stores through their joint venture, M.V. Shoe Care Private Ltd making them a ‘one-stop-shop’ for all footwear and related accessories to their customers. The retail operations are carried through “company owned and company operated” (COCO) model, retailing through their own Multi Brand Outlets (MBOs) and Exclusive Brand Outlets (EBOs). They operate Metro, Mochi and Walkway branded MBOs and Crocs™ branded EBOs. They also operate as shop-in shops (“SIS”) in major departmental stores across India. Currently, they are transitioning to omni-channel model through their websites, various online marketplaces, as well as, social media platforms (online channel make up about 12% of Sales as on 31st Sept 2021).They recorded the highest “realization per unit” of INR 1381/unit compared to the

C E Info Systems Ltd (MapmyIndia) is India’s leading provider of advanced digital maps, geospatial software and location based IoT technologies. In the international markets, they operate under“Mappls” brand. They are a B2B and B2B2C market leader for maps and geospatial products in India with a comprehensive suite of “SaaS” (software as a service), “PaaS” (platform as a service) and “MaaS” (maps as a service). In addition, they also offer professional grade maps and products directly to retail customers, through their “Move” app and GPS IoT enabled gadgets/devices. Their digital maps comprehensively cover India i.e. 6.3 mn kms of roads in India, representing 98.5% of India’s road network. Also, they have recently entered into various memorandums of understanding with key government organizations such as the Indian Space Research Organization (“ISRO”), NITI Aayog and National Institute of Urban Affairs, Ministry of Housing and Urban Affairs, Government of

Shriram Properties Limited incorporated as ‘Synectics Infoway Private Limited’ on March 28, 2000 at Chennai, Tamil Nadu is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. It is a part of the prestigious “Shriram Group” which is a prominent business group with four decades of operating history in India and a well-recognized brand in the retail financial services sector and several other industries .As of September 30, 2021, they have 29 completed projects, representing 16.7 Mn sq ft of saleable area, out of which 24 completed projects in the cities of Bengaluru and Chennai accounted for 90.56% of their saleable area. In addition, they have a total portfolio of 35 projects in ongoing projects, projects under development and forthcoming projects aggregating to 46.7 Mn sq ft of estimated saleable area and a land bank of approximately 197.47 Acres, with a development potential of approximately 21.45 Mn sq ft. The management has indicated that they are transitioning from a real estate development model to a combination of real estate development and service model through the use of joint-development agreements (“JDA”) with landowners or through development management (“DM”) business, whereby they provide end-to-end real estate development services to smaller real estate developers and other landowners. This DM model accounts for 31.92% of their portfolio as on of September 30, 2021.