B&B Triplewall IPO – Review, Allotment, Subscription, GMP & DRHP

B&B Triplewall Limited originally incorporated as MNM Triplewall Containers Private Limited at Bangalore, Karnataka is engaged in manufacturing of corrugated boxes and corrugated sheets. B&B Triplewall IPO comprises of 55,53,000 Equity Shares of Rs. 10.00 each fully paid-up.

Let’s have a detailed review of the company and analytics of the B&B Triplewall IPO release date, IPO offer price, subscription, B&B Triplewall IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

 


B&B Triplewall 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 B&B Triplewall Limited  IPO

B&B Triplewall IPOB&B Triplewall Limited engaged in manufacturing of corrugated boxes and corrugated sheets. The Issue comprises of a Public Issue of 55,53,000 Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 36.00 per Equity Share aggregating upto Rs. 1,999.08 Lakh.

From FY 2013-14 to FY 2017-2018, as per the Restated Financial Statements,

  • The total revenue has shown growth from Rs. 3,162.48 Lakh to Rs. 16,697.19 Lakh, representing a CAGR of 39.48%.
  • The EBITDA has shown growth from Rs. 344.42 Lakh to Rs. 1,826.14 Lakh, representing a CAGR of 39.60%
  • The Net worth as per Restated Financial Statement as at March 31, 2018 and March 31, 2017 was Rs. 2,285.82 Lakh and Rs. 1,957.75 Lakh respectively.
  • The profit after tax has shown growth from Rs. 67.23 Lakh to a profit of Rs. 457.01 Lakh representing a CAGR of 46.71%.

The Promoter of this company is Mr. Manish Kumar Gupta, Mr. Ravi Agarwal, Mr. Alok Agarwal, Mr. Manish Bothra, Mr. Amit Agarwal, Mr. Sidharth Agarwal, Mr. Nishant Bothra. The lead manager to the issue is Gretex Corporate Services Private Limited and the Registrar to this issue is Purva Sharegistry (India) Private Limited.


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    B&B Triplewall IPO Date

    The opening and the closing date of B&B Triplewall Limited IPO is 28 Sept 2018 – 5 Oct 2018.


    B&B Triplewall IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    Day 1 
    Day 2
    Day 3
    Day 4
    Day 5
    Shares Offered or Net Issue

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


    B&B Triplewall IPO Allotment Status

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


    B&B Triplewall IPO Price Band

    The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


    B&B Triplewall IPO Equity Share Offering

    55,53,000 Equity Shares of Rs 10/- each. Each Equity Share is being issued at a cash price of Rs.36.00 each and is 3.6 time of Face Value.


    B&B Triplewall Limited – Company Overview

    B&B Triplewall Limited was converted into a public limited Company pursuant to a special resolution passed by the members at their meeting held on May 14, 2018 and the name of the Company was changed to B&B Triplewall Containers Limited vide a Fresh Certificate of Incorporation on June 13,2018.

    The Company engaged in manufacturing of corrugated boxes and corrugated sheets. The manufacturing facility is divided into 2 units, both the units are engaged in manufacturing of corrugated sheets and boxes. We mainly cater to the packaging industry and have been able to develop a loyal clientele network consisting of various packaging companies and MNC’s. Currently they are operating in domestic markets with the products being supplied on a PAN India basis.

    B&B Triplewall Containers Limited Manufacturing Unit

    The manufacturing facilities are divided into two units. Unit I is located at Bangalore, Karnataka and Unit III is situated at Krishnagiri, Tamil Nadu. Whereas, Unit II was given on Lease. Their manufacturing facilities are well equipped with required facilities including machinery, conveyor belt, other handling equipments to facilitate smooth manufacturing process. They endeavour to maintain safety in the premises by adhering to key safety norms. They ensure timely delivery of the products and to ensure easy logistics.

    The Company is promoted by Mr. Manish Kumar Gupta, Mr. Ravi Agarwal, Mr. Alok Agarwal, Mr. Manish Bothra, Mr. Amit Agarwal, Mr. Sidharth Agarwal, Mr. Nishant Bothra and is the guiding force behind the growth and strategic decisions of the Company.

    Competitive Strengths of B&B Triplewall Limited:

    • Experienced Senior Management / Management expertise.
    • Fully Automated Unit.
    • History of repeat orders.
    • Established Marketing Setup.
    • Quality Assurance.
    • Strong operating base.

    Business strategies of B&B Triplewall Limited:

    • Enhancing the customer base
    • Improving functional efficiencies
    • Quality Products
    • Expand the domestic geographical reach through marketing network.

    B&B Triplewall 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-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Total Assets9625.458254.714917.142534.982275.11
    Total Revenue16697.1910,195.4310,175.834,504.143,162.48
    Total Expense16,121.5610,036.099,739.964,299.493,073.39
    Profit After Tax457.01166.5192.86127.667.23

    Earnings per Equity Share (in Lakhs)

    31-Mar-1831-Mar-1731-Mar-16
    Basic & Diluted12.2244.88103.31

    From the above statements, one could find that the B&B Triplewall Limited may perform well.


    B&B Triplewall IPO – Promoters

    The Promoter of this company are:

    1. Mr. Manish Kumar Gupta,
    2. Mr. Ravi Agarwal,
    3. Mr. Alok Agarwal,
    4. Mr. Manish Bothra,
    5. Mr. Amit Agarwal,
    6. Mr. Sidharth Agarwal,
    7. Mr. Nishant Bothrai

    List of Related Parties (Key Managerial Personnel)

    • Mr. Manish Kumar Gupta,
    • Mr. Ravi Agarwal,
    • Mr. Alok Agarwal,
    • Mr. Manish Bothra,
    • Mrs. Rashi Agarwal
    • Mr. Sidharth Agarwal

    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.


    B&B Triplewall IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered 55,53,000 Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 36.00 per
    Equity Share aggregating upto Rs. 1,999.08 Lakh
     Of which:
     Reserved for Market Makers 2,79,000 Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 36.00 per
    Equity Share aggregating to Rs. 100.44 Lakh
     Net Issue to the Public 52,74,000 Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 36.00 per
    Equity Share aggregating to Rs. 1,898.64 Lakh
     Of which:
     Retail Investors Portion 26,37,000 Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 36.00 per
    Equity Share aggregating to Rs. 949.32 Lakh
     Non-Retail Investors Portion26,37,000 Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 36.00 per
    Equity Share aggregating to Rs. 949.32 Lakh
     Equity Shares outstanding prior to the Issue1,49,58,240 Equity Shares of Rs. 10.00 each
     Equity Shares outstanding after the Issue2,05,11,240 Equity Shares of Rs. 10.00 each

    B&B Triplewall IPO Issue Object

    These are the IPO Issue Objects of the company

    • Funding the Working Capital requirements of the Company:
    •  General Corporate Purposes

     

    B&B Triplewall 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:

    • Experienced Senior Management / Management expertise.
    • Fully Automated Unit.
    • History of repeat orders.
    • Established Marketing Setup.
    • Quality Assurance.
    • Strong operating base.

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)(Pre-Bonus)NAV (Rs.)(Post-Bonus)
    31-Mar-16103.3114.86373.36373.36
    31-Mar-1744.888.50523.52523.52
    31-Mar-1812.2219.9961.1361.13
    • Industry P/E Ratio:
    ParticularsP/E ratio
    P/E ratio based on the Basic & Diluted EPS, as adjusted for FY 2017-182.95
    P/E ratio based on the Weighted Average EPS, as adjusted for FY 2017-180.94
    • Competitive Peers:
    ParticularsFace Value (in Rs.)EPS     (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
    B&B Triplewall Containers Limited1.0012.222.9519.9961.13
    Worth Peripherals Limited*1.004.9219.704.2841.40

     

    B&B Triplewall IPO Lead Managers

    Lead Managers
    GRETEX CORPORATE SERVICES PRIVATE LIMITED
    102, 1st Floor, Atrium-2, Behind Coutyard Marriott Hotel,
    Andheri Kurla Road, Hanuman Nagar, Andheri- East,
    Mumbai-400093, Maharashtra
    Tel. No.: +91-22 -67086181/ 9836822199
    Fax No.: +91-22-67086181
    Email:info@gretexgroup.com
    Website:www.gretexcorporate.com
    Contact Person: Ms. Amina Khan
    SEBI Registration No: INM000012177

    B&B Triplewall IPO Registrar to offer

    Registrar to the Offer
    Purva Sharegistry (India) Private Limited
    Unit no. 9, Shiv Shakti Ind. Estt., J.R. Borichamarg,
    Opp. Kasturba, Hospital Lane, Lower Parel (E),
    Mumbai – 400011, Maharashtra, India
    Tel.No: +91 22-2301 6761/ 8261
    Fax No: +91 22 2301 2517
    E-mail : support@purvashare.com/ busicomp@gmail.com
    Website:www.purvashare.com
    Contact Person: Ms. Deepali Dhuri / Ms. Purva Shah
    SEBI Registration No:INR000001112

    Other Details:

    • Statutory Auditor – M/s. Sharma & Pagaria, Chartered Accountants
    • Peer Review Auditor – M/s. Doshi Maru & Associates,Chartered Accountantsts
    • Bankers to the Company –  State Bank of India

    B&B Triplewall 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

    B&B Triplewall IPO Grey Market Premium

    The B&B Triplewall 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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      B&B Triplewall IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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