Capricorn Food Products IPO is one of the latest IPO in the country. This IPO was drafted on Feb, 8th 2018. In this Article, we will do a detailed Capricorn Food Products IPO Review along with in-depth analysis of their IPO object, IPO allotment status, Company overview, Company financials, Price band, Issue Details, Issue Date & more.
Capricorn Food Products IPO Review & Ratings
|Capricorn Food Products IPO Ratings & Review|
|Top Brokers Review||6.4/10|
Summary of Capricorn Food Products IPO
The company has planned to raise about 500 crores by the filing of draft papers with SEBI to raise an IPO. The company is planning to sell new shares worth 171 Crores and the rest of the money will be availed from the selling of older shares by the already existing shareholders of the company.
This decision was taken by the company in order to pay off the existing debts and for its corporate operations. The company has been doing well of late, the profits are constantly increasing.
The profit for the FY 2017-2018 was 20% more than the previous year which is a great reason to invest in the IPO offering of the company. The other details of the IPO and the company are shared below.
The Capricorn Food Products Limited has hired IIFL Holdings Limited, ICICI Securities Limited & IDFC Bank Limited as their 3 Lead Managers. While Link Intime India Private Limited are their Registrar to the Offer.
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Capricorn Food Products Limited IPO Date
The IPO date will be release once SEBI Approves their Draft Red Herring Prospectus.
Capricorn Food Products IPO Subscription
The IPO issue data has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.
Capricorn Food Products IPO Allotment Status
Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.
Capricorn Food IPO Price Band
The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.
The face value of each equity share is Rs 10 each and the Offer Price would be [●] times the Face Value at the lower end of the Price Band and [●] times the Face Value at the higher end of the Price Band.
Capricorn Food Products Limited IPO Issue Size
As per various news reports & their red herring prospectus the food processing company is looking to generate IPO issue size of INR 500 crores.
Capricorn Food Products IPO Equity Shares Offerings
The equity shares will be listed after the issues get approval from the SEBI.
Capricorn Food Products Limited – Company Overview
Capricorn Food Products Limited is a food processing company that was started in the year 1998. It manufactures pulps and concentrations for the various fresh juices that are sold by some of the biggest brands in the market.
The company has been one of the reasons behind the success of the pulpy juice drinks. Apart from providing the corporates, the company themselves make fruit juices, vegetable juices, fruit extracts etc., basically, tropical fruits are used. The company has a very good set up of the machinery for the manufacturing of juice pulps.
The company which is based out of Chennai has some of the best clients in the industry. A few of them are listed below
- Coca-Cola India Pvt. Ltd
- Varun Beverages Ltd
- Manpasand Beverages Ltd
- Cremica Food Industries Ltd
- Hector Beverages Pvt. Ltd.
The company has clients abroad too, in Europe, Asia Pacific, America, Middle East and Africa. The recent news of the company is the floating of an IPO for raising 500 crores. The stocks are listed both on BSE and NSE. The public issue of the company will be managed by ICICI Securities and IDFC bank.
Key Members of the Company are:
- Rahoul Jain (Chairman & MD)
- Suchi Jain (Whole-time Director)
- Rajesh Singhal (Nominee Director)
Capricorn Food Products Limited – Financial Statements
Have a look at the Financial Stability of the company before you invest in it.
Assets of the Company
|Assets (in INR & Millions)|
Revenue and PAT of the Company
|Revenue & Profits (in INR & Millions)|
|Profit after Tax (PAT)||222||185||127||128||254|
Earnings per Equity Share
|Earning per Equity Share (in INR)|
The Company is not a very ideal company from the perspective of growth. In last 3 years it has seen a decent growth but if you compare last 5 years then you will find decline in PAT. We suggest to be very careful while investing in Capricorn Food Products Limited IPO.
Capricorn Food Products Limited – Promoter
The company is promoted by one individual.
- Rahoul Jain
Interests of Promoter
The interest of promoter in the promotion of the company
The Promoter is interested in the Company to the extent of his shareholding in our Company and dividend or other distributions payable, if any, by the Company.
The interest of Promoter in the Property of the Company
The Promoter does not have any interest in any property acquired by the Company during the two years preceding the date of filing of this Draft Red Herring Prospectus or any property proposed to be acquired by the Company or in any transaction including the acquisition of land, construction of building or supply of machinery.
The interest of Promoter in the Intellectual Property of the Company
The Promoter does not have any interest in the intellectual property of the company.
Capricorn Food Products IPO Offer Details or Issue Details
|Offer||Up to [●] Equity Shares aggregating up to ₹ [●] million|
|The Offer consists of:|
|Fresh Issue||[●] Equity Shares aggregating up to ₹ 1,710 million|
|Offer for Sale||Up to 7,643,000 Equity Shares aggregating to ₹ [●] million|
|A. QIB Category||Not more than [●] Equity Shares|
|Anchor Investor Portion||Up to [●] Equity Shares|
|Available for allocation to Mutual Funds only||[●] Equity Shares|
|Balance for all QIBs including Mutual Funds||[●] Equity Shares|
|Balance available for allocation in the QIB Category (assuming Anchor Investor Portion is fully subscribed)||[●] Equity Shares|
|B. Non-Institutional Category||Not less than [●] Equity Shares|
|C. Retail Category||Not less than [●] Equity Shares|
|Pre and post-Offer Equity Shares|
|Equity Shares outstanding prior to the offer||29,720,000 Equity Shares|
|Equity Shares outstanding after the Offer||[●] Equity Shares|
The Food processing company has revealed that they will go with 76, 43, 000 equity shares for sale.
Capricorn Food Products IPO Issue Object
Following are the objective of IPO Issue:
- Repayment/pre-payment, in full or in part, of certain indebtedness of our Company;
- Investment in our Subsidiary, Gonglu for repayment / pre-payment of certain borrowings availed by it; and
- General corporate purposes.
Here are the list of other Upcoming IPO
|HDFC AMC IPO||Nekkanti Seafoods IPO||Devi Seafoods IPO||Sandhya Marines IPO|
|John Energy IPO||TCNS Clothing IPO||SembCorp Energy IPO||IndoStar Capital IPO|
Capricorn Food Products Limited – Basis of Offer Price
The Offer Price will be determined by the Company in consultation with the BRLMs, on the basis of an assessment of market demand for the Equity Shares through the Book Building Process and on the basis of qualitative and quantitative factors described below.
The face value of the Equity Shares is ₹ 10 each and the Offer Price is [●] times the face value at the lower end of the Price Band and [●] times the face value at the higher end of the Price Band.
Some of the qualitative factors and the strengths which form the basis for computing the Offer Price are
- Leading player in the fruits and vegetable processing industry with a wide array of products
- Strong relationships with the large and emerging global and Indian companies and brands
- Strategically located multi-functional production facilities with quality certifications
- Large-scale procurement and storage capabilities
- Experienced Promoter and management team
- Basic and Diluted Earnings Per Share (“EPS”), as adjusted for change in capital
- Price/Earnings (P/E) ratio in relation to Offer Price Band of Rs [●] to Rs [●] per Equity Share
- Return on Net Worth (“RoNW”)
- Minimum Return on Increased Net Worth after the Offer needed to maintain Pre-Offer EPS
- Comparison with listed Industry Peers
- The Offer price is [●] times of the face value of the Equity Shares
- Net Asset Value# (“NAV”) per Equity Share of face value of Rs 10 each
Capricorn Food Products IPO Lead Managers
|IIFL Holdings Limited|
|ICICI Securities Limited|
|IDFC Bank Limited|
Capricorn Food Products IPO Registrar to the Offer
|Registrar of the Offer|
|Link Intime India Private Limited|
Capricorn Food Products IPO Review by Top 10 Stock Brokers
|Top Stock Brokers Review||Company Repu-tation||Compe-titive Edge||Finan-cial State-ment||Popu-larity Index||Promo-ters Repu-tation|
Capricorn Food Products Limited IPO Grey Market Premium
The Capricorn Food Products Limited IPO Grey Market Premium will be announced two weeks before the price of the issue is announced.
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Capricorn Food IPO News
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