Tag: IPO

  • Balaji Phosphates Limited IPO (Balaji Phosphates IPO) Detail

    Balaji Phosphates Limited IPO (Balaji Phosphates IPO) Detail

    Balaji Phosphates Limited is making waves in the Indian agricultural sector with its upcoming Initial Public Offering (IPO). As a key player in the production of Phosphorus-based fertilizers, the company aims to leverage the IPO to fuel its expansion and strengthen its market presence. This article provides a comprehensive overview of the Balaji Phosphates IPO, covering its key details, objectives, and potential implications.  

    Company Overview

    Balaji Phosphates specializes in manufacturing a range of essential fertilizers, including:

    • Single Super Phosphate (SSP)  
    • NPK Granulated and Mixed Fertilizers  
    • Zinc Sulphate  

    These products cater to the fundamental needs of farmers, contributing to improved crop yields and soil health. The company primarily serves markets in Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana, establishing a strong regional footprint.

    IPO Dates:

    • IPO Open Date: February 28, 2025.
    • IPO Close Date: March 4, 2025.
    • IPO Listing Date: March 7, 2025.

    Key IPO Details:

    • Price Band: ₹66-70 per share.
    • Listing Exchange: NSE SME platform.
    • Issue Size: ₹50.11 crore.
    • Lot size: 2,000 shares.
    • The IPO includes a fresh issue of shares and an offer for sale (OFS).

    Target Market:

    • Primary customers include farmers, wholesalers, and government cooperatives.
    • Geographical focus: Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana.

    IPO Details and Objectives

    The Balaji Phosphates IPO is designed to raise capital for several strategic initiatives, which may include:

    • Expanding Manufacturing Capacity: To meet the growing demand for its products, Balaji Phosphates intends to enhance its production capabilities.  
    • Debt Reduction: Utilizing IPO proceeds to reduce existing debt, thereby strengthening the company’s financial position.
    • Working Capital Requirements: Ensuring sufficient funds for day-to-day operations and smooth business functioning.  
    • Research and Development (R&D) Investments: To innovate and develop new fertilizer products and improve existing formulations.
    • General Corporate Purposes: Allocating funds for various strategic objectives to drive long-term growth.

    Key IPO Factors

    When considering the Balaji Phosphates IPO, potential investors should keep the following factors in mind:

    • Market Dynamics: The fertilizer industry is influenced by factors such as government policies, agricultural trends, and weather conditions.
    • Financial Performance: Analyzing the company’s financial statements, including revenue, profitability, and debt levels, is crucial.
    • Industry Risks: Be aware of the risks associated with the fertilizer sector, such as raw material price volatility and regulatory changes.
    • SME IPO: Understand the added risks that can come with SME IPO’s.

    Risks:

    • Raw material price volatility.
    • Regulatory changes in the fertilizer sector.
    • dependence on key customers.
    • Weather conditions effect sales.

    Investment Considerations

    Investing in an IPO involves inherent risks. Potential investors should conduct thorough research, consult with financial advisors, and carefully evaluate their risk tolerance before making any investment decisions.  

    Disclaimer:

    This article is for informational purposes only and does not constitute financial advice. Investors are advised to conduct their own due diligence and seek professional guidance before investing in any IPO.

  • Standard Glass Lining IPO Detail

    Standard Glass Lining IPO Detail

    In this article, you’ll learn about Standard Glass Lining IPO, which is going to opens for subscription on January 6, 2025 and closes on January 8, 2025

    About Standard Glass Lining

    Standard Glass Lining Technology is an engineering equipment manufacturer serving India’s pharmaceutical and chemical industries. The company provides end-to-end solutions, including design, engineering, manufacturing, assembly, installation, and commissioning solutions as well as establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis. The company’s product portfolio focuses on essential equipment used in manufacturing processes. It is divided into three main categories – Reaction Systems, Storage, Separation and Drying Systems, and Plant, Engineering, and Services.

    Founded in: 2012

    Managing director : Mr. Nageswara Rao Kandula

    Parent organisation : Standard Glass Lining Technology Ltd

    Standard Glass Lining IPO Details


    Standard Glass Lining IPO is a book built issue of Rs 410.05 crores. The issue is a combination of fresh issue of 1.50 crore shares aggregating to Rs 210.00 crores and offer for sale of 1.43 crore shares aggregating to Rs 200.05 crores.

    Standard Glass Lining IPO opens for subscription on January 6, 2025 and closes on January 8, 2025. The allotment for the Standard Glass Lining IPO is expected to be finalized on Thursday, January 9, 2025. Standard Glass Lining IPO will list on NSE, BSE with tentative listing date fixed as Monday, January 13, 2025.

    Standard Glass Lining IPO price band is set at ₹133 to ₹140 per share. The minimum lot size for an application is 107. The minimum amount of investment required by retail investors is ₹14,980. The minimum lot size investment for sNII is 14 lots (1,498 shares), amounting to ₹2,09,720, and for bNII, it is 67 lots (7,169 shares), amounting to ₹10,03,660.

    Company Financials

    Standard Glass Lining Technology Limited Financial Information (Restated Consolidated)

    Standard Glass Lining Technology Limited’s revenue increased by 10% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2024 and March 31, 2023.

    Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
    Assets756.52665.38347.79298.11
    Revenue312.1549.68500.08241.5
    Profit After Tax36.2760.0153.4225.15
    Net Worth447.8409.92156.6769.91
    Reserves and Surplus261.58389.18139.9453.66
    Total Borrowing173.8129.3281.9669.81

    Key Performance Indicator

    The market capitalization of Standard Glass Lining IPO is Rs 2792.88 Cr.

    KPI as of Sun, Mar 31, 2024.

    KPIValues
    ROE20.74%
    ROCE25.49%
    Debt/Equity0.32
    RoNW20.74%
    PAT Margin10.92
    Price to Book Value5.70

    Note:

    • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
    • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

    Objects of the Issue (Standard Glass Lining IPO Objectives)

    The IPO proceeds of Standard Glass Lining Technology are primarily intended for:

    • General Corporate Purposes: This broadly encompasses various activities required for the smooth functioning and growth of the company, such as working capital management, administrative expenses, and other operational needs.
    • Funding Capital Expenditure:
      • For the Parent Company: To purchase new machinery and equipment to enhance production capacity, improve efficiency, and introduce new technologies.
      • For S2 Engineering Industry Private Limited (Wholly-owned Subsidiary): To fund capital expenditure for the subsidiary’s growth and expansion plans.  
    • Debt Reduction:
      • For the Parent Company: To repay or prepay existing borrowings from banks and financial institutions.
      • For S2 Engineering Industry Private Limited: To repay or prepay existing borrowings of the subsidiary.

    Strengths & Financials of Standard Glass Lining

    • Strong Industry Expertise:
      • Specializes in manufacturing critical equipment for the pharmaceutical and fine chemical industries.
      • Deep understanding of customer needs and industry best practices.
      • Proven track record with over 11,000 products delivered.
    • Diverse Product Portfolio:
      • Offers a wide range of products, including reactors, ANFDs, and PTFE-lined components.
      • Ability to cater to various customer requirements and applications.
    • Strong Customer Base:
      • Established relationships with major pharmaceutical and chemical companies in India.
      • Ensures consistent demand and long-term market presence.
    • Manufacturing Capabilities:
      • High-volume production capacity for key products.
      • Advanced manufacturing technologies (3D CAD, robotic welding, CNC) for precision and efficiency.
    • Strategic Partnerships:
      • Collaboration with HHV Pumps for vacuum pump supply and private labeling.
      • Partnership with Asahi Glassplant Inc. and GL Hakko Co. Ltd for high-quality glass, ensuring product quality and reliability.

    Financials (FY22 – FY24):

    • Revenue from Operations:
      • Steadily increasing from Rs 240.19 crore in FY22 to Rs 497.59 crore in FY23 and further to Rs 543.67 crore in FY24.
    • Profit After Tax (PAT):
      • Consistent growth from Rs 25.14 crore in FY22 to Rs 53.42 crore in FY23 and reaching Rs 60.01 crore in FY24.

    Top Standard Glass Lining IPO FAQs

    What is the issue size of Standard Glass Lining Technology Ltd IPO?

    The issue size of the Standard Glass Lining Technology Ltd IPO is 4100500000.00.

    What is ‘pre-apply’ for Standard Glass Lining Technology Ltd IPO?

    Pre-apply will allow you to apply for the Standard Glass Lining Technology Ltd IPO 2 days before the subscription period starts.

    If I pre-apply for Standard Glass Lining Technology Ltd IPO, when will my order get placed?

    Your order will be placed on the exchange as soon as the Standard Glass Lining Technology Ltd IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

    When will I know if my Standard Glass Lining Technology Ltd IPO order is placed?

    We will notify you when your Standard Glass Lining Technology Ltd IPO order is placed with the exchange.

    What are the open and close dates of the Standard Glass Lining Technology Ltd IPO?

    Standard Glass Lining Technology Ltd IPO will be open between 06 Jan ’25 and 08 Jan ’25.

    What is the lot size and minimum order quantity of the Standard Glass Lining Technology Ltd IPO?

    Standard Glass Lining Technology Ltd IPO lot size is 107 and minimum order quantity is 1498.

    What is the allotment date for the Standard Glass Lining Technology Ltd IPO?

    Standard Glass Lining Technology Ltd IPO allotment date is 09 Jan ’25. For Standard Glass Lining Technology Ltd IPO allotment status check, you can visit the website of the registrar of the IPO.

    Who is the registrar of Standard Glass Lining Technology Ltd IPO?

    For Standard Glass Lining Technology Ltd, the IPO registrar is KFin Techologies Ltd . You can check Standard Glass Lining Technology Ltd IPO allotment status on the website of the registrar.

    Where is the Standard Glass Lining Technology Ltd IPO getting listed?

    The shares are proposed to be listed on the BSE and NSE.

  • Dhanlaxmi Crop Science Ltd IPO (Dhanlaxmi Crop Science IPO) Detail

    Dhanlaxmi Crop Science Ltd IPO (Dhanlaxmi Crop Science IPO) Detail

    Dhanlaxmi Crop Science IPO is to open on December 9, 2024. It is a SME IPO that will raise ₹23.80 crores. The Dhanlaxmi Crop Science Services IPO price band is fixed at ₹52 to ₹55 with a market lot of 2000 Shares.

    Established in 2005, Dhanlaxmi Crop Science Limited is a technology-based seed company with over 18 years of experience in the Indian seed industry. The company develops, produces, processes, and sells seeds for a wide range of field crops and vegetables. Their profile is using traditional breeding techniques with biotechnology tools and creating hybrid and open-pollinated field crops and vegetable seeds. This process helps to produce higher yields, which means the crop that grows from their seeds will produce more food, allowing farmers to grow more. With the help of their seeds, the fruits, vegetables, and grains will more likely be of better quality and nutritious. As well as, their seeds are unaffected by insects and diseases, leaving the plants healthier.

    Dhanlaxmi Crop Science IPO Details

    IPO DateDecember 9, 2024 to December 11, 2024
    Listing Date[.]
    Face Value₹10 per share
    Price Band₹52 to ₹55 per share
    Lot Size2000 Shares
    Total Issue Size4,328,000 shares
    (aggregating up to ₹23.80 Cr)
    Fresh Issue4,328,000 shares
    (aggregating up to ₹23.80 Cr)
    Issue TypeBook Built Issue IPO
    Listing AtNSE SME
    Share holding pre issue12,000,000
    Share holding post issue16,328,000
    Market Maker portion218,000 shares
    Mnm Stock Broking

    Dhanlaxmi Crop Science IPO Timeline (Tentative Schedule)

    Dhanlaxmi Crop Science IPO opens on December 9, 2024, and closes on December 11, 2024.

    IPO Open DateMonday, December 9, 2024
    IPO Close DateWednesday, December 11, 2024
    Basis of AllotmentThursday, December 12, 2024
    Initiation of RefundsFriday, December 13, 2024
    Credit of Shares to DematFriday, December 13, 2024
    Listing DateMonday, December 16, 2024
    Cut-off time for UPI mandate confirmation5 PM on December 11, 2024

    Dhanlaxmi Crop Science IPO Reservation

    Dhanlaxmi Crop Science IPO offers 43,28,000 shares. 7,72,000 (17.84%) to QIB, 6,58,000 (15.2%) to NII, 15,22,000 (35.17%) to RII and 11,58,000 (26.76%) to Anchor investors.

    Investor CategoryShares Offered
    Anchor Investor Shares Offered11,58,000 (26.76%)
    Market Maker Shares Offered2,18,000 (5.04%)
    QIB Shares Offered7,72,000 (17.84%)
    NII (HNI) Shares Offered6,58,000 (15.2%)
    Retail Shares Offered15,22,000 (35.17%)
    Total Shares Offered43,28,000 (100%)

    Dhanlaxmi Crop Science IPO Anchor Investors Details

    Dhanlaxmi Crop Science IPO raises Rs 6.37 crore from anchor investors. Dhanlaxmi Crop Science IPO Anchor bid date is December 6, 2024. Dhanlaxmi Crop Science IPO Anchor Investors list

    Bid DateDecember 6, 2024
    Shares Offered1,158,000
    Anchor Portion Size (In Cr.)6.37
    Anchor lock-in period end date for 50% shares (30 Days)January 11, 2025
    Anchor lock-in period end date for remaining shares (90 Days)March 12, 2025

    Dhanlaxmi Crop Science IPO Lot Size

    Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

    ApplicationLotsSharesAmount
    Retail (Min)12000₹110,000
    Retail (Max)12000₹110,000
    HNI (Min)24,000₹220,000
    Lot Size Calculator

    Dhanlaxmi Crop Science IPO Promoter Holding

    Mr. Kamleshkumar Jayantilal Patel, Mr. Alpeshbhai Jayantibhai Patel and Mr. Meet Kamleshkumar Patel are the promoters of the company.

    Share Holding Pre Issue76.70%
    Share Holding Post Issue56.37%

    About Dhanlaxmi Crop Science Ltd

    Incorporated in 2005, Dhanlaxmi Crop Science is a technology-driven seeds company that develops, produces, processes, and sells seeds for various field crops and vegetables.

    The company integrates traditional breeding techniques with biotechnological tools and strives to produce hybrid and open-pollinated varieties of field crops and vegetable seeds that offer higher yields, better product quality, and a higher level of tolerance to pests and diseases compared to naturally occurring varieties.

    As of March 31, 2024, the company produced seeds for 24 different crops and vegetables and operated in 5 states in India. The sale of cotton seeds accounts for the major portion of the operating profit and contributed 76.78%, 71.47%, and 64.73% to the operating profit in FY 2024, FY 2023, and FY 2022, respectively.

    The Products Portfolio: Field crop and vegetable seeds for Cotton, Wheat, Cumin, Bajra, Maize, Gram, Okra, Green Gram, SSG, Soyabean, Milky, Mustard, Groundnut, Black Gram, Guar, Castor, Sesame, Jowar, Coriander, Red Gram, Green Pea, Multifeed, Onion etc.&

    Their Competitive Strenght:

    • Integrated seed processing unit with warehouse facility on one premises.
    • Wide range of products backed by consistent quality
    • Our Research & Development Capabilities
    • Established brand
    • Customer satisfaction and revenues from long-standing customer relationships
    • Experienced Promoter and Management Expertise
    • Proven track record of robust financial performance.

    As of December 2, 2024, the company has 56 employees.