20 Microns IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Aug 28, 202320 Microns Nano Minerals Limited is launching 20 Microns IPO this year. 20 Microns is a Pioneer & India’s leading producer of Industrial Minerals, Functional Specialties & Performance Additives. Let’s have a detailed review of steel product company and an in-depth analysis of the IPO release date, IPO offer price, 20 MICRONS IPO subscription, 20 Microns IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
20 Microns IPO Review & Ratings
| 20 Microns IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.1/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.5/10 |
| Company Reputation | 6.2/10 |
| Competitive Edge | 6.3/10 |
| Financial Statements | 6.4/10 |
| Popularity Index | 6.5/10 |
| Promoters Reputation | 6.5/10 |
| Retail Appetite | 6.7/10 |
| Top Brokers Review | 6.0/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of 20 Microns IPO
The company processes and sells a wide variety of speciality chemicals such as functional additives, chemically modified minerals, soft minerals, hard minerals, etc. These products are measured used in industries related to plastics, cosmetics, construction,, pharmaceuticals, textiles, paper, rubber, printing inks and foundry. The company is known for processor of non metallic white industrial minerals.
The operational revenues of this company for various financial years are described as follows:
For FY 2015, FY 2016, FY 2017 and the six month period ended September 30, 2017, was Rs 2,580.51 Lakh, Rs 2,390.65 Lakh, Rs 3,251.70 Lakh and Rs 1,919.63 Lakh, respectively. Their EBIDTA for FY 2015, FY 2016, FY 2017 and the six month period ended September 30, 2017, was Rs 301.44 Lakh, Rs 256.42 Lakh, Rs 423.94 Lakh and Rs 286.92 Lakh, respectively. Our PAT for FY 2015, FY 2016, FY 2017 and the six month period ended September 30, 2017, was Rs 149.58 Lakh, Rs 90.18 Lakh, Rs 174.82 Lakh and Rs 132.75 Lakh, respectively. The three year CAGR for revenue from operations from FY 2015 to FY 2017 is 12.25 %, their three year CAGR for EBIDTA from FY 2015 to FY 2017 is 18.59 % and the three year CAGR for PAT 113 from FY 2015 to FY 2017 is 8.11 %. Our ROCE for FY 2017 is 12.07 % and our ROE for FY 2017 is 9.70 % respectively. The total debt / equity ratio has improved from 0.77 times in FY 2015 to 0.33 times in FY 2017.
The Promoters of this company are: 20 MICRONS LIMITED, MR. CHANDRESH S. PARIKH, MR. RAJESH C. PARIKH AND MR. ATIL C. PARIKH
The lead manager to the issue is Vivro Financial Services Private Limited and the Registrar to this issue is Link Intime India Private Limited.
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20 Microns IPO Date
The opening and the closing date is not known yet.
20 Microns IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
20 Microns IPO Allotment Status
The details of allotment of shares made by the company to the public will be updated herein once the company is through with the allotment process.
20 Microns IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
20 Microns IPO Issue Size
The Issue Size is below Rs 10000 Lakhs and the exact price of the share is not known through the number of equity shares is known.
20 Microns IPO Equity Share Offerings
Will be disclosed soon.
20 Microns Nano Limited – Company Overview
20 Microns Nano Minerals Limited is a subsidiary of 20 Microns Limited (known for its non-metallic white industrial minerals, offering innovative products in the field of functional fillers, extenders and Specialty Chemicals). The main focus of the company is to provide their innovative products all kind of industries. 20 Microns Nano Limited processes and sells variety of speciality chemicals like chemically modified minerals, functional additives, soft and hard minerals. The company is ISO 9001: 2008 certified and has multiple manufacturing units located at
(i) Unit 1: Plot 9 – 10, GIDC Waghodia, Vadodara, Gujarat
(ii) Unit 2: Plot 347 GIDC Waghodia, Vadodara, Gujarat and
(iii) Unit 3: Plot 104/3, Thenkasi Road, Pathur Village, Alangulam, Tirunelveli, Tamil Nadu.
The company’s annual sale of processed mineral of 8,005 MT, 16,747 and 11,876 MT for the FY 2016, FY 2017 and the six month period ended 30th September 2017, respectively.
Business strategies of 20 Microns Nano Limited:
- Focus on scaling up production of high margin yielding products
- To expand manufacturing facilities for catering to newer products
- To enhance our portfolio of differentiated products
- Improving cost structure through economies of scale
20 Microns Nano Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Assets of the Company
Assets (in INR & Lakhs)
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Non-Current Asset | 1214.32 | 1172.89 | 1327.38 | 1503.16 | 1638.63 | 1646.05 |
| Current Assets | 4,952.77 | 3,555.62 | 3,700.47 | 2,566.70 | 1,944.07 | 1,484.45 |
| Total Assets | 6167.1 | 4,728.51 | 5,027.83 | 4,069.86 | 3,582.69 | 3,130.51 |
Revenue & PAT of the Company
Revenue and Profit (in lakhs)
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Revenue | 7477.3 | 8769.21 | 7410.27 | 6,967.69 | 8,460.85 | 7,824.78 |
| PAT | 564.21 | 157.93 | -157.22 | 12.11 | 4.69 | 65.49 |
Earnings per Equity Share (in Lakh)
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
| Basic | 0.4 | 0.14 | 0.3 |
| Diluted | 0.17 | 0.06 | 0.13 |
From the above statements, one could find that the 20 Microns Nano Ltd has performed well in the past few years.
20 Microns IPO – Promoters
The Promoters of this company are: 20 MICRONS LIMITED, MR. CHANDRESH S. PARIKH, MR. RAJESH C. PARIKH AND MR. ATIL C. PARIKH
The interest of Promoters in the Promotion of the company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in our Company and the dividend declared, if any, by our Company.
The interest of Promoter in the Property of the company
The promoter is not interested in the property of the company ever since the company became a public limited concern. He has not shown any interest in the property of the company.
The interest of Promoter in the Intellectual Rights of the company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
20 Microns IPO Offer Details or Issue Details
| Particulars | Details of the Issue |
| Present Issue in terms of this DRHP | Fresh Issue of [●] Equity Shares of Rs 10/- each for cash at a price of Rs [●]/- per Equity Share aggregating up to Rs 2,100 Lakh. |
| Which comprises | |
| A. Reservation for Market Maker | [●] Equity Shares of ` 10/- each for cash at a price of Rs [●]/- per Equity Share aggregating up to Rs [●] Lakhs |
| B. Net Issue to the Public | [●] Equity Shares of ` 10/- each for cash at a price of Rs [●]/- per Equity Share aggregating up to Rs [●] Lakhs |
| of which | |
| B.1 Available for allocation to Retail Individual Investors Category | [●] Equity Shares of ` 10/- each for cash at a price of Rs [●]/- per Equity Share aggregating up to Rs [●] Lakhs |
| B.2 Available for allocation to Other Investors Category | [●] Equity Shares of ` 10/- each for cash at a price of Rs [●]/- per Equity Share aggregating up to Rs [●] Lakhs |
| Pre and Post Issue paid up share capital | |
| Before the Present Issue | 89,70,020 Equity Shares of Rs10/- each |
| After the Present Issue D2D1:D14D28D3:E14 | [●] Equity Shares of Rs 10/- each |
20 Microns IPO Issue Object
These are the IPO Issue Objects of the company
1. To fund the capital expenditure for setting up new manufacturing facility at Plot 336, GIDC Waghodia,
Vadodara, Gujarat.
2. General Corporate Purposes
These are the main reasons why the IPO is being floated by the company.
20 Microns IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Diversified product portfolio
- Diversified user industries
- Support of our holding company
- Product innovation and continuous R&D
- Strong management team
- Import Substitution
The relevant quantitative factors are:
- Basic and Diluted Earnings per Share (EPS) for the nine months ended December 31, 2017 was 5.22.
| Financial Year / Period Ended | Basic EPS in Rs | Diluted EPS in Rs | Weights |
| 31-Mar-17 | 2.43 | 2.43 | 3 |
| 31-Mar-16 | 1.46 | 1.45 | 2 |
| 31-Mar-15 | 2.47 | 2.43 | 1 |
- Price to Earnings (P/E) ratio in relation to Issue Price.
- Return on Net Worth- RoNW for the nine months period ended December 31, 2017 was 25.20%.
- Minimum Return on Increased Net Worth required to maintain pre-issue Earnings Per Share
- Net Asset Value per Equity Share as at December 31,2017 is 20.54.
- Comparison of Accounting Ratios with Peer Group Companies
20 Microns IPO Lead Managers
| Lead Managers |
| Vivro Financial Services Private Limited |
20 Microns IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited |
20 Microns IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promters Reputation |
| Angel Broking | 6.4/10 | 6.6/10 | 6.0/10 | 6.4/10 | 6.0/10 |
| Sharekhan | 6.2/10 | 6.1/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.3/10 | 6.2/10 | 6.3/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.3/10 | 6.3/10 | 6.7/10 | 6.1/10 | 6.1/10 |
| IIFL | 6.2/10 | 6.2/10 | 6.8/10 | 6.0/10 | 6.1/10 |
| Edelweiss | 6.2/10 | 6.3/10 | 6.3/10 | 6.3/10 | 6.2/10 |
| Zerodha | 6.3/10 | 6.4/10 | 6.3/10 | 6.3/10 | 6.0/10 |
| 5Paisa | 6.1/10 | 6.4/10 | 6.3/10 | 6.1/10 | 6.1/10 |
| Karvy | 6.3/10 | 6.3/10 | 6.2/10 | 6.1/10 | 6.0/10 |
| Motilal Oswal | 6.3/10 | 6.4/10 | 6.3/10 | 6.5/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
20 Microns IPO Grey Market Premium
The 20 Microns IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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| Equity | |||
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20 MICRONS NANO IPO News
News 1 – IPO ISSUES OPEN SOON
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