Aquarius Shipyard Limited IPO – Review, Allotment, Subscription, Price, Date & more
Last Updated Date: Nov 16, 2022Aquarius 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 | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Aquarius Shipyard Limited IPO
The 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 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.
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).
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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-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 3309.10 | 2852.44 | 2232.76 | 1741.70 | 1211.37 |
| Total Revenue | 3315.55 | 3588.81 | 3265.08 | 3218.56 | 2085.66 |
| Total Expense | 2,802.03 | 3,197.38 | 2,843.03 | 2,878.61 | 1,846.52 |
| Profit After Tax | 367.44 | 256.72 | 278.19 | 229.11 | 161.08 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | |
| Basic | 3.50 | 2.44 | 2.65 |
| Diluted | 3.50 | 2.44 | (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:
- Mr Ratnakar Danekar
- 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 Issue | 1.05.00.000Equity Shares of Rs 10/- each |
| Equity Shares outstanding after the Issue | 1,43,70,000 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-15 | 2.18 | 31.03% | 14.77 |
| 31-Mar-16 | 2.65 | 27.37% | 20.33 |
| 31-Mar-17 | 2.44 | 20.16% | 25.47 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | 15.39 |
| Highest | _ |
| Lowest | _ |
- Competitive Peers:
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| Nazara Technologies IPO | Genius Consultants IPO | Rail Vikas Nigam IPO | Verroc Engineering IPO |
Aquarius Shipyard Limited IPO Lead Managers
| Lead Managers |
| SWASTIKA INVESTMART LIMITED
305, Madhuban Building, Cochin Street, S.B.S Road Fort, |
Aquarius Shipyard Limited IPO Registrar to offer
| Registrar to the Offer |
| ALANKIT ASSIGNMENTS LIMITED
205-208 Alankit Complex, Jhandewalan Extention Website: www.alankit.com, Email: ipo@bigshareonline.com; |
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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
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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