Bajaj Superpack IPO – Review, Allotment Status, Subscription, Price, Date & more

Bajaj Superpack India Limited is a part of Specialty chemicals industry and provides services to industries such as packaging, agriculture, healthcare, aerospace, etc. Let’s have a detailed review of the company and analytics of the Bajaj Superpack IPO release date, IPO offer price, subscription, Bajaj Superpack Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Bajaj Superpack IPO Review & Ratings

Bajaj Superpack 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 Bajaj Superpack IPO

Bajaj Superpack IPOBajaj Superpack India Limited is a part of the specialty chemicals industry which is one of the fastest growing manufacturing sectors in India. Specialty chemicals have penetrated in industries such as packaging, agriculture, healthcare, aerospace, electronics, automotive, consumer goods and other industries.

The Issue comprises of a Public Issue of 26, 96,000 Equity shares of face value of Rs.10.00 each fully paid (the “Equity Shares”) for cash at a price of Rs.61.00 (including a premium of Rs.51.00 per Equity Share) aggregating to Rs.1644.56 lakhs

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 89.71% and 51.45%, respectively.

For the period ended December 31, 2017, FY 2016-17 and FY 2015-16, its revenue from operations was Rs.2662.59 Lakhs, Rs.2635.51 Lakhs and Rs.1389.25 Lakhs, respectively representing growth of 89.71% from the FY 2015-16 to FY 2016-17. For the period ended December 31, 2017, FY 2016-17 and FY 2015-16 our net profit was Rs.342.42 Lakhs, Rs.226.09 Lakhs and Rs.17.31 Lakhs, respectively, representing a growth of 51.45% from the FY 2015-16 to FY 2016-17.

  • During the financial year 2016-17 the Other Income of our company increased to Rs. 6.53 Lakhs as against Rs. 0.71 Lakhs for the financial year 2015-16, representing increase by 814.91% due to increase in interest income & insurance claim in FY 2016- 17.
  • Company’s Net Profit after tax for the year 2016-17 is Rs. 226.64 Lacs from the year 2015-16 of Rs. 3.26 Lacs showing an increase of 68.52% from last year, showing remarkable performance.

The Promoter of this company is Mr. Vinod Kumar Bajaj and Mr. Ashish Bajaj. The lead manager to the issue is GUINESS CORPORATE ADVISORS PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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BAJAJ SUPERPACK IPO Date

The opening and the closing date is not yet known.


BAJAJ SUPERPACK IPO Subscription

  Subscription
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The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


BAJAJ SUPERPACK IPO Allotment Status

94.96 % of Issue Size is available to public (50% for the retail individual investors and the balance 50% for other than retail individual investors).


BAJAJ SUPERPACK IPO Issue Size

The Issue comprises of a Public Issue of 26, 96,000 Equity shares of face value of Rs.10.00 each fully paid.


BAJAJ SUPERPACK INDIA IPO Equity Share Offer

The Issue comprises of a Public Issue of 26, 96,000 Equity shares of face value of Rs.10.00 each fully paid (the “Equity Shares”) for cash at a price of Rs.61.00 (including a premium of Rs.51.00 per Equity Share) aggregating to Rs.1644.56 lakhs.


Bajaj Superpack India Limited – Company Overview

Bajaj Superpack Limited was originally incorporated as a private limited company, at Maharashtra, India under the Companies Act, 1956 in the name of Aishwarya Polyblends Private Limited by way of Certificate of Incorporation dated September 26, 2007 from RoC, Mumbai, Maharashtra. Subsequently, fresh certificate of incorporation consequent upon change of name from Aishwarya Polyblends Private Limited to Bajaj Superpack India Private Limited dated October 9, 2012 was issued by RoC, Mumbai.

Competitive Strengths of Bajaj Superpack India Limited

This company has entered in diversified range of products on the basis of demand and supply in the market. With the government’s thrust on electrification and infrastructural developments, the company has also continuously increased the production capacity.

  • Strategic location of our manufacturing plant
  • Cost effective production of Master batches.
  • Strong Customer relations.
  • Experienced Management Team
  • High standards in Quality Control and Testing.

Business strategies of Bajaj Superpack India Limited

  • Expansion and Automation of our existing plant and machinery to add high margin and value added products.
  • Develop a manufacturing plant at Burdwan near Kolkata.
  • Supply to the markets in the East.

Bajaj Superpack 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:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 1,679.57 1,705.96 559.86 147.69 98.26
Total Revenue 2,353.25 1,246.41 3.50 0.14 0.14
Total Expense 2,070.20 1,172.70 2.03 0.12 6.61
Profit After Tax 283.05 73.71 1.47 0.02 (6.47)

Earnings per Equity Share (in Lakh)

31-Mar-17 31-Mar-16 31-Mar-15
Basic  Pre bonus 46.62 3.57 0.21
  Post bonus 3.01 0.23 0.01
Diluted  Pre bonus 45.02 3.45 0.21
  Post bonus 3.00 0.23 0.01

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


BAJAJ SUPERPACK IPO – Promoters                                   

Promoters of the Company are Mr Vinod Kumar Bajaj and Mr Ashish Bajaj.

Interest in promotion of the Company
The Managing Director Mr Vinod Kumar Bajaj and Mr Ashish Bajaj may be deemed to be interested to the extent of being Promoter of the company. He may also be deemed to be interested to the extent of any dividend payable to him and other distributions in respect of the Equity Shares held by them. The Directors may be deemed to be interested to the extent of remuneration paid to them for services rendered as a Director of the Company and reimbursement of expenses payable to them. The Directors may also be interested to the extent of Equity Shares, if any, held by them or held by the entities in which they are associated as promoters, directors, partners, proprietors or trustees or held by their relatives or that may be subscribed by or allotted to the companies, firms, ventures, trusts in which they are interested as promoters, directors, partners, proprietors, members or trustees, pursuant to the Issue.

Property Interest
The Directors have not entered into any contract, agreement or arrangements within a period of two years preceding the date of this draft Prospectus in which the Directors are interested directly or indirectly and no payments have been made to them in respect of these contracts, agreements or arrangements or are proposed to be made to them.


BAJAJ SUPERPACK IPO Offer Details or Issue Details

 Particulars  No. Of Equity Shares
Issue of Equity Shares by the Company 26, 96,000 Equity Shares having face value of Rs.10.00 each fully paid-up of our Company for cash at a price of Rs.61.00 per Equity Share aggregating to Rs.1644.56 lakhs.
 Of which:
Market Maker Reservation Portion 1, 36,000 Equity Shares having face value of Rs.10.00 each fully paid-up of our Company for cash at a price of Rs.61.00 per Equity Share aggregating to Rs.82.96 lakhs.
 Net Issue to the Public 25,60,000 Equity Shares having face value of Rs.10.00 each fully paid-up of our Company for cash at a price of Rs.61 per Equity Share aggregating to Rs.1561.60 lakhs
 Of which:
 Retail Investors Portion up to 2 Lakh 12,80,000 Equity Shares having face value of Rs.10.00 each fully paid-up of our Company for cash at a price of Rs.61.00 per Equity Share aggregating to Rs.780.80 lakhs
 Non-Retail Investors Portion Above 2 Lakh 12, 80,000 Equity Shares of Rs.10.00 each fully paid-up of our Company for cash at a price of Rs.61.00 per Equity Share aggregating to Rs.780.80 lakhs.
 Equity Shares outstanding prior to the Issue 75, 33,765 Equity Shares of Rs.10.00 each.
 Equity Shares outstanding after the Issue 10,229,765 Equity Shares of face value of Rs. 10 each 

BAJAJ SUPERPACK IPO Issue Object

These are the IPO Issue Objects of the company-

  • For Expansion of the existing manufacturing unit located at Chennai.
  • Also for Acquisition of Land, Construction of building, Installation of plant & machinery, Electrical Installation, installation of laboratory equipment for new project located at Burdwan near Kolkata.
  • To meet general Corporate Purpose.
  • To meet issue Expenses.

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BAJAJ SUPERPACK INDIA IPO – Basis of the Offer Price

The Issue Price has been determined by the Company in consultation with the Lead Manager on the basis of the key business strengths. The face value of the Equity Shares is Rs.10/- and Issue Price is Rs.61/- per Equity Shares i.e. 6.61 times of the face value

 Qualitative factors

  • Strategic location of our manufacturing plant;
  • Cost effective production of Masterbatches;
  • Strong Customer relations;
  • Experienced Management Team

 The relevant quantitative factors are:

For FY 2016-17

Particulars P/E Ratio
Pre Bonus Post Bonus
P/E ratio based on the Basic EPS 1.31 20.27
P/E ratio based on the Diluted EPS 1.36 20.33
P/E ratio based on the Weighted Average Basic EPS 2.48 38.60
P/E ratio based on the Weighted Average Diluted EPS 2.57 38.60
Industry P/E*    
  • Return on Net Worth:
 Period RONW (%)
31-Mar-15 0.27%
31-Mar-16 4.39%
31-Mar-17 36.45%
  • Industry P/E Ratio:
Particulars P/E ratio
Average 11.20
Highest 14.61
Lowest 7.79

 

  • Comparison of Accounting Ratios with Peer Group Companies:
Name of the Company  Face Value P/E EPS (Rs.)  RoNW % NAV per Share Rs.
Plastiblends  India Limited 5 7.79 25.42 15.20 167.21
Poddar Pigments Limited 10  14.61 19.22 16.06 119.69
BAJAJ SUPERPACK INDIA Limited 10 20.33 3.00 36.45 127.88

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 BAJAJ SUPERPACK INDIA 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.

Telephone: +91 22 6263 8200

Facsimile: +91 22 6263 8299

Email:

Contact Person: Mr. Jibu John

Website: www.bigshareonline.com

SEBI Registration Number: INR000001385


BAJAJ SUPERPACK INDIA  IPO Lead Managers

Lead Manager

GUINESS CORPORATE ADVISORS PRIVATE LIMITED

18, Deshapriya Park Road, Kolkata 700 026, West Bengal, India.

Telephone: +91 33 3001 5555

Facsimile: +91 33 3001 5531

Email:

Contact Person: Ms. Alka Mishra

Website: www.guinessonline.net

SEBI registration number: INM000011930

CIN: U74999WB1976PTC030545


Other Details:

  • Legal Counsel to the Issue – Desai & Diwanji Advocates & Solicitors.
  • Statutory Auditor – M/s. Bankim V. Shah, Chartered Accountants.
  • Peer Review Auditor M/s. Mittal & Associates, Chartered Accountants.
  • Bankers to the Company – IDBI Bank , AXIS  Bank Ltd.

BAJAJ SUPERPACK INDIA  IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters 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.


BAJAJ SUPERPACK IPO Grey Market Premium

The BAJAJ SUPERPACK INDIA Limited 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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BAJAJ SUPERPACK IPO News

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