Capricorn Food Products IPO – Review, Allotment Status, Price, Date & more

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
CriteriaRatings
Industry Sentiments6.4/10
Industry Ranking6.5/10
Company Background6.2/10
Company Reputation6.4/10
Competitive Edge6.5/10
Financial Statements6.2/10
Popularity Index6.4/10
Promoters Reputation6.4/10
Retail Appetite6.8/10
Top Brokers Review6.4/10
Overall Ratings6.4/10
Star Ratings★★★☆☆

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

 Subscription
Day 1X
Day 2X
Day 3X
Day 4X
Day 5X

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 ipoCapricorn 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)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Non-Current Asset1,9391,8631,7501,4851,070
Current Asset3,4303,0412,9262,7132,042
Total Asset5,3684,9044,6764,1983,111

Revenue and PAT of the Company

Revenue & Profits (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Total Revenue43674039391731342625
Profit after Tax (PAT)222185127128254

Earnings per Equity Share

Earning per Equity Share (in INR)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Basic7.904.963.380.000.00
Diluted7.904.963.380.000.00

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

OfferUp to [●] Equity Shares aggregating up to ₹ [●] million
The Offer consists of:
Fresh Issue[●] Equity Shares aggregating up to ₹ 1,710 million
Offer for SaleUp to 7,643,000 Equity Shares aggregating to ₹ [●] million
Of which:
A. QIB CategoryNot more than [●] Equity Shares
Of which:
Anchor Investor PortionUp to [●] Equity Shares
Of which:
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 CategoryNot less than [●] Equity Shares
C. Retail CategoryNot less than [●] Equity Shares
Pre and post-Offer Equity Shares
Equity Shares outstanding prior to the offer29,720,000 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 IPONekkanti Seafoods IPODevi Seafoods IPOSandhya Marines IPO
John Energy IPOTCNS Clothing IPOSembCorp Energy IPOIndoStar 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.

Qualitative Factors

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

Quantitative Factors

  • 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

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 ReviewCompany Repu-tationCompe-titive EdgeFinan-cial State-mentPopu-larity IndexPromo-ters Repu-tation
Angel Broking6.5/106.4/106.5/106.1/106.1/10
Sharekhan6.2/106.1/106.6/106.1/106.2/10
Kotak Securities6.3/106.5/106.4/106.1/106.3/10
ICICI Direct6.3/106.3/106.7/106.1/106.1/10
IIFL6.5/106.2/106.8/106.0/106.1/10
Edelweiss6.5/106.4/106.4/106.3/106.2/10
Zerodha6.4/106.1/106.5/106.1/106.0/10
5Paisa6.1/106.1/106.4/106.1/106.1/10
Karvy6.4/106.3/106.2/106.1/106.1/10
Motilal Oswal6.1/106.1/106.6/106.3/106.2/10

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

News 1 – PE-backed food processing firm Capricorn files for IPO


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