Aquarius Shipyard Limited IPO – Review, Allotment, Subscription, Price, Date & more

Aquarius Shipyard is one of the manufacturers of boats and ships. The Company has issued 38,70,000 Equity shares of Rs.10 each. Let’s have a detailed review of the company and analytics of the Aquarius Shipyard Limited IPO release date, IPO offer price, subscription, Aquarius shipyard IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Aquarius Shipyard Limited IPO Review & Ratings

Aquarius Shipyard Limited IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Aquarius Shipyard Limited IPO

Aquarius Shipyard Limited IPOThe Company was originally incorporated in the year 2000 to carry on the business of manufacture of boats, storage tanks and all kinds of life saving equipment’s by using fiberglass materials. the Company basically engaged in designing, manufacturing, Supply and Servicing of Fiberglass Composite, Aluminum, Steel, Rigid & Rubber Inflatable Vessels, Hulls & Boats, Davits, Buoyant Apparatus and allied products. They have successfully manufactured and supplied composite, metallic and inflatable boats to various shipyard and defense organization in India.

The Company had started its business with manufacturing of fibre glass boats/composite boats like Passenger boats and Rescue boats and allied products manually while using innovative methods of construction of boats with high quality and statutory requirements. Later on after establishing the expertise in composites, they have moved to Boats/Vessels and allied products in mild steel, rubber and aluminum. They have also developed a superior quality inflatable boat and achieved the desired quality of a boat. They have a dry dock to carry on the repair work on the vessels and set up a service network along the west coast of India from Maharashtra to Kerala.

The Promoter of this company are MR. RATNAKAR DANDEKAR AND MRS. MONICA RATNAKAR DANDEKAR. The lead manager to the issue is AWASTIKA INVESTMENT LIMITED and the Registrar to this issue is ALANKIT ASSIGNMENTS LIMITED.


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Aquarius Shipyard Limited IPO Date

The opening and the closing date of IPO of Aquarius Shipyard Limited is not known yet.


Aquarius Shipyard Limited IPO Subscription

 Subscription
Day 1X
Day 2 X
Day 3X
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.


Aquarius Shipyard IPO Allotment Status

The Issue is being made through the Fixed Price Process wherein up to 1,98,000 Equity Shares shall be reserved for Market Maker up to ___ Equity shares will be allocated on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from Retail Individual Applicants at the Issue Price. The balance of the Net Issue will be available for allocation on proportionate basis to Non Retail Applicants.


Aquarius Shipyard Limited IPO Price Band

The face value of each share is Rs 10, with the price band of Rs 38 per equity share. 


Aquarius Shipyard LimitedIPO Equity Share Offering

38,70,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (15,00,000* Issue Price).


Aquarius Shipyard Limited – Company Overview

Aquarius Shipyard Limited was originally incorporated in the year 2000 to carry on the business of manufacture of boats, storage tanks and all kinds of life saving equipment’s by using fiberglass materials. the Company basically engaged in designing, manufacturing, Supply and Servicing of Fiberglass Composite, Aluminum, Steel, Rigid & Rubber Inflatable Vessels, Hulls & Boats, Davits, Buoyant Apparatus and allied products. They have successfully manufactured and supplied composite, metallic and inflatable boats to various shipyard and defense organization in India.

Competitive Strengths of Aquarius Shipyard Limited

  • Variety of Boats
  • Infrastructure and integrated capabilities to deliver quality products and services
  • Experienced Promoters and Management Expertise
  • Competitive cost structure and efficient operations
  •  In house test facilities

Business strategies of Aquarius Shipyard Limited:

  • To Meet Working Capital Requirement
  • General Corporate Purposes
  • Public Issue Expenses

Aquarius Shipyard 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:

Financial Summary:

Amount (in INR & Lakhs)
31-dec-1731-Mar-1731-Mar-1631-Mar-1531-Mar-14
Total Assets3309.102852.442232.761741.701211.37
Total Revenue3315.553588.813265.083218.562085.66
Total Expense2,802.033,197.382,843.032,878.611,846.52
Profit After Tax367.44256.72278.19229.11161.08

 

Earnings per Equity Share (in Lakhs)

31-Dec-1731-Mar-1731-Mar-16
Basic 3.502.442.65
Diluted 3.502.44(2.65)

From the above statements, one could find that the Aquarius Shipyard Limited may perform well.


Aquarius Shipyard Limited IPO – Promoters

The Promoter of this company are:

  1. Mr Ratnakar Danekar
  2. Mrs Monika Ratnagar Danekar

List of Related Parties (Key Managerial Personnel)

  • Mr Dilip Donde
  • Mrs Ramakant Subrey Kamant

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  shown the interest in acquiring the intellectual rights of the company.


Aquarius Shipyard Limited IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered 38,70,000 Equity Shares of Rs 10/- each at an Issue Price of  Rs 38 per equity share
 Of which:
 Reserved for Market Makers 1,98,000 Equity Shares of Rs 10/- each at an issue price.
 Net Issue to the Public 18,36,000 Equity Shares of Rs 10/- each at an issue price.
 Of which:
 Retail Investors Portion _ Equity Shares of Rs 10/- each at an Issue Price
 Non-Retail Investors Portion___ Equity Shares of Rs 10/- each at an Issue Price.
 Equity Shares outstanding prior to the Issue1.05.00.000Equity Shares of Rs 10/- each
 Equity Shares outstanding after the Issue1,43,70,000 Equity Shares of Rs 10/- each

Aquarius Shipyard Limited IPO Issue Object

These are the IPO Issue Objects of the company

  • to meet working capital requirement
  • General Corporate Purpose
  • To meet the issue expenses

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Aquarius Shipyard 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:

    • Variety of Boats
    • Infrastructure and integrated capabilities to deliver
    • Experienced promoters and management expertise
    • Competitive cost structure and efficient operations
    • in house test facilities

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-152.1831.03%14.77
31-Mar-162.6527.37%20.33
31-Mar-172.4420.16%25.47
  • Industry P/E Ratio:
ParticularsP/E ratio
Average15.39
Highest_
Lowest_
  • Competitive Peers:

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Aquarius Shipyard Limited IPO Lead Managers

Lead Managers
SWASTIKA INVESTMART LIMITED

305, Madhuban Building, Cochin Street, S.B.S Road Fort,
Elphinstone Road Mumbai-400 013, India.
Tel : +91 22 2265  5565, Fax: +91 22 664 4300
Email: merchantbanking@swastikaco.in
Investor Grievance Email: investorgrevience@swastikaco.in
Contact Person: Mr Mohit R Goyal, Website: www.swastika.co.in
SEBI Registration number: INM000012102

Aquarius Shipyard Limited IPO Registrar to offer

Registrar to the Offer
ALANKIT ASSIGNMENTS LIMITED

205-208 Alankit Complex, Jhandewalan Extention
New Delhi-110055
Tel No.: +91 11 4254 1234 022-62638200, Fax No.: +91 11 4154 3474

Website: www.alankit.com, Email: ipo@bigshareonline.com;
Contact Person: Mr. Pankaj Goenka/ Mr Bojimoon KH
SEBI Registration No.: INR000002532


Other Details:

  • Statutory Auditor – M/s SP Bhandare & Associates, Chartered Accountant.
  • Peer Review Auditor –M/S Mistry and Shah, Chartered Accountants
  • Bankers to the Company –  State Bank of India Bank

Aquarius Shipyard Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
Angel Broking6.5/106.6/106.6/106.4/106.4/10
Sharekhan6.7/106.4/106.6/106.1/106.2/10
Kotak Securities6.7/106.7/106.7/106.4/106.3/10
ICICI Direct6.6/106.3/106.7/106.5/106.5/10
IIFL6.4/106.7/106.8/106.4/106.7/10
Edelweiss6.7/106.4/106.4/106.3/106.7/10
Zerodha6.5/106.4/106.7/106.4/106.5/10
5Paisa6.7/106.4/106.3/106.7/106.5/10
Karvy6.8/106.3/106.7/106.4/106.0/10
Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

The ratings would be updated once the financials and the other details of the IPO are released.


Aquarius Shipyard Limited IPO Grey Market Premium

The Aquarius Shipyard Limited IPO Grey Market Premium is not announced yet. It shall  be updated as soon as the premium rates are announced.


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Aquarius Shipyard Limited IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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