Anmol India Limited IPO – Allotment, Live Subscription, Grey Market & RHP

Let’s have a detailed review of the company and analytics of the Anmol India Limited IPO (Anmol India IPO) release date,  offer price, Live subscription, Anmol India Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Anmol India Limited IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Anmol India Limited IPO

Anmol India Limited IPOAnmol India Limited (“Anmol”) is dealing in Coal import and supply industry. Since its inception it has made itself a trusted brand among clients located in over 100 different locations in India. Anmol India Limited IPO comprises  of  Fresh Issue of  31,00,000 Equity Shares of Rs.10/- each at a price of Rs. 33 per Equity Share aggregating to Rs. 1023 lakhs. The Equity Shares are listed at BSE SME.

From FY 2015-16 to FY 2017-18, as per the Restated Financial Statements,

  • The EBITDA for the period was Rs. 2.13 lakhs, Rs.1.70 lakhs and Rs.1.34 lakhs as on 31st March, 2018,  31st March, 2017 and 31st March, 2016 respectively .
  • The net asset value per Equity Share was Rs.10.46 as on 31st March, 2016 , Rs.10.96 as on 31st March, 2017  and Rs.15.56 as on 31st March, 2018.

The Promoters of this company are Mr. Vijay Kumar and Mr. Chakshu Goyal. The lead manager to the issue is SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.

Important Info:

Issue Size3100000
Face ValueRs 10
Issue PriceRs 33
PremiumRs 23
Market Lot4000
Minimum Bid Quantity4000
Maximum Bid Quantity2944000

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Anmol India Limited IPO Date

The opening and the closing date of Anmol India Limited IPO is from Feb 12, 2019 to Feb 14, 2019.


Anmol India Limited IPO Subscription

Day / DateQIBNIIRIITotal Subscription
Day 1: Feb 12 0.76x0.30x0.53x
Day 2: Feb 130.97x0.47x0.72x
Day 3: Feb 14
Shares Offered or Net Issue1,472,0001,472,0002,944,000

The shares subscribed by the public will be updated here.


Anmol India Limited IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


Anmol India Limited IPO Price Band

The face value of each share is Rs 10 and the cash price is Rs 33. 


Anmol India Limited IPO Equity Share Offering

Initial public offer of up to 31,00,000 Equity Shares of Rs.10/- each at a cash price of Rs. 33 per Equity Share aggregating to Rs. 1023 lakhs. 

The Minimum Order Quantity or market lot is 4000 Shares. 

The issue and the net issue will constitute 29.86% and 28.35%, respectively of the post issue paid up equity share capital by the company.


Anmol India Limited – Company Overview

Anmol India Limited was originally incorporated as was originally incorporated at Shillong as “Anmol India Private Limited” on 3rd April, 1998 under the provisions of the Companies Act, 1956.  Anmol India Limited is dealing in Coal import and supply industry. Since its inception it has made itself a trusted brand among clients located in over 100 different locations in India. Initially serving only brick kiln industry and Coal traders, today the Company caters to the demand of over a dozen different types of industries and trades both in Coal and Pet Coke covering almost half of India.

The primary product of the Company is USA Coal (US Napp Coal and USA ILB).Other commodities include Indonesian Coal and Petroleum Coke. Small and Medium scale manufacturers are their primary clients.A briefwrite-up on the different varieties of Coal in which the Company trades are as under:

The Company is promoted by Mr. Vijay Kumar and Mr. Chakshu Goyal and are the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of Anmol India Limited:

  • Economies of Scale.
  • Retail Customer Base.
  • Mobile application “Anmol Coal”.
  • Hassle-Free Procurement of stock
  • Strong track record of financial performance.
  • Experienced senior management team and large pool of skilled employees

Business strategies of Anmol India Limited:

  • Entering New Geographies.
  • Diversifying Inventory
  • Attract and retain talented employees.
  • Bringing in more Large-Scale Customer
  • Competitive Pricing.
  • Developing a robust research department
  • Increase Retail Market Share.

Anmol India 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:

SUMMARY OF FINANCIAL DATA

Amount (in INR & Lakhs)
30-Sep-1831-Mar-1831-Mar-1731-Mar-16
Total Assets3092.517319.787,785.355,557.48
Total Expense25942.7729285.5218,331.9818,726.81
Total Revenue26,306.3829,924.2218,649.5618,980.92
Profit After Tax171.79262.24108.8682.65

Earnings per Equity Share (in Lakhs)

31-Mar-1831-Mar-1731-Mar-16
Basic & Diluted3.601.491.13

From the above statements, one could find that the Anmol India Limited may perform well.


Anmol India Limited IPO – Promoters

The Promoters of this company are:

  • Mr. Vijay Kumar 
  • Mr. Chakshu Goyal

Interest in 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 the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Anmol India Limited IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
Fresh IssueIssue of upto 31,00,000 Equity Shares of Rs. 10 each at a price of Rs. 33/-per Equity Share aggregating Rs. 1023 Lakhs.
 Reserved for Market Makers Upto 1,56,000 Equity Shares of Rs. 10 each at a price of Rs. 33/-per Equity Share aggregating Rs. 51.48 Lakhs.
 Net Issue to the Public Upto 29,44,000 Equity Shares of Rs. 10 each at a price of Rs. 33/-per Equity Share aggregating Rs.971.52 Lakhs.
 Equity Shares outstanding prior to the Issue72,82,830 Equity Shares of face value of Rs. 10 each
 Equity Shares outstanding after the Issue1,03,82,830 Equity Shares of face value of Rs.
10 each

Anmol India Limited IPO Issue Object

These are the IPO Issue Objects of the company

  • To part finance working capital requirements of the Company;
  • To meet General corporate purposes;
  • To meet the expenses of the Issue.

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Anmol India Limited 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:

  • Economies of Scale.
  • Ability to relocate stock, dynamic pricing, vast sales network and connectivity helps us to build our inventory quickly even during bearish markets and thus provide fresh stock to our customers at all times.
  • Meeting urgent demands through reallocation of stocks among our clients is a big advantage for our customers. This again is possible because of the vast number of orders we have, from any given region at any point of time in India.
  • Strong track record of financial performance.
  • Experienced senior management team and large pool of skilled employees.

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-161.1310.8510.46
31-Mar-171.4912.5010.96
31-Mar-183.6023.1415.56
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs 33 per Equity Share of face value of Rs. 10 each
ParticularsP/E ratio
Highest16.5
Average12
Lowest6.5
  • Competitive Peers:
Sr. No. ParticularsFace Value  (in Rs.)EPS (In Rs.)Current Market PriceP/E RatioRONW in %PAT (Rs. in lakhs)
1Anmol India Limited10.003.6339.1623.14262.24
2Coal India Limited10.0014.97244.816.3573.219,29,342
3Gujarat Mineral
Development Corporation
Limited
10.0013.6787.906.509.8743,460.39

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Anmol India Limited IPO Lead Managers

Lead Managers
SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED
14, Dayanand Vihar, Near Karkardooma Metro Station, Delhi-110092, India.
Tel. No. +91-11-43011000
Fax.No.: +91-11- 43011030
Email Id-
Investor Grievance Email Id:
Website: www.shareindia.com
SEBI Registration Number: INM000012537
Contact Person: Mr. Sachin Gupta

Anmol India Limited IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol,
Andheri (East),
Mumbai – 400059, Maharashtra, India.
Tel.No: +91-22 – 62638289
Fax.No.: +91-022 – 62638299
E-mail:
Website: www.bigshareonline.com
SEBI Registration No. INR000001385
Contact Person: Mr. Babu Raphea

Other Details:

  • Statutory Auditor – M/S. VIKRAM MAHESHWARI & ASSOCIATES
  • Peer Review Auditor – M/S. RAMANAND & ASSOCIATES
  • Bankers to the Company – HDFC BANK LIMITED

Anmol India Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Anmol India Limited IPO Grey Market Premium

The Anmol India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Anmol India Limited IPO News

News 1 – IPO ISSUE OPENS SOON [Download Prospectus]


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