Century Metal is the largest recycler in the aluminum recycling industry in India according to the CRISIL Report.  The Company has issued 6,402,650 Equity shares of Rs.10 each.

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


Century Metal IPO Review & Ratings

Century Metal IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Century Metal IPO

CENTURY METAL IPOCentury Metal is the largest recycler in the aluminum recycling industry in India according to the CRISIL Report. The company is focused on processing aluminium based metal scrap to manufacture aluminium alloys and supply them in liquid form and in the form of solid ingots. It caters to the automotive manufacturing sector in India, specifically in the passenger vehicle, two wheeler and die casting segments.

It supply the products to OEMs and Tier 1 companies in the automotive manufacturing sector in India. Tier 1 companies are companies that directly supply to OEMs. Some of the OEM customers include Maruti Suzuki India Limited, Honda Cars India Limited, Honda Motorcycle and Scooter India Private Limited and India Yamaha Motor Private Limited, while  customers, who are Tier 1 companies include Rockman Industries Private Limited, Sunbeam Auto Private Limited, Rico Auto Industries Limited, Minda Industries Limited, Minda Corporation Limited, Jaya Hind Montupet Private Limited, Nemak Aluminium Casting India Private Limited, Toyota Industries Engine India Private Limited, Ahresty India Private Limited and ASK Automotive Private Limited, among others.

The Promoter of this company GAURI SHANKAR AGARWALA, MOHAN AGARWAL, KALAWATI AGARWAL AND PRATIBHA AGARWAL. The lead manager to the issue is ICICI SECURITIES LIMITED & EDELWEISS FINANCIAL SERVICES LIMITED and the Registrar to this issue is KARVY COMPUTERSHARE PRIVATE LIMITED.


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    Century Metal IPO Date

    The opening and the closing date of IPO of Century Metal is not known yet.


    Century Metal IPO Subscription

     Subscription
    Day 1X
    Day 2 X
    Day 3X
    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.


    Century Metal IPO Allotment Status

    The Issue is being made through the Fixed Price Process wherein up to 6,402,650 Equity Shares shall be reserved for Market Maker upto X 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.


    Century Metal IPO Price Band

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


    Century Metal IPO Equity Share Offering

    6,402,650 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (6,402,650 * Issue Price).


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      Century Metal Recycling Limited – Company Overview

      Century Metal are the largest recycler in the aluminum recycling industry in India according to the CRISIL Report. The company is focused on processing aluminium based metal scrap to manufacture aluminium alloys and supply them in liquid form and in the form of solid ingots. The Company has, from Fiscal 2013 to 2018, grown at an effective CAGR of 13% on the basis of sales volume, compared to an aggregate recycled aluminium growth of approximately 10% CAGR, and currently occupies an estimated market share of approximately 40 – 45% in north India and approximately 15 – 20% in south India, resulting in an overall market share of approximately 21% in the automotive segment of recycled aluminium industry in India (Source: CRISIL Report).

      Since Fiscal 2013 until Fiscal 2018, the  annual installed capacity has grown by approximately 70%, from 128,000 MT to 218,000 MT, makingit  the fastest growing producer of aluminium alloys in India. They are a customer centric company, constantly striving to create value for  customers through products offered and committed deliveries. Over the years, they have endeavored to set industry standards in relation to the technology employed and the quality of products supplied to the customers such as the supply of liquid aluminium.

      Competitive Strengths of Century Metal Limited:

      • Largest recycler of aluminium alloys
      • Long-standing relationships with the customers
      • Leading supplier of liquid aluminium
      • Strategic alliances through joint ventures
      • Strong and diversified supplier base for sourcing raw materials
      • Manufacturing facilities, technology, quality processes and engineering expertise
      • Experienced and qualified management team backed by good governance standards.

      Business strategies of Century Metal Limited:

      • Expansion of supply of liquid aluminium
      • Focus on deepening and strengthening  relationships with the existing customers as well as catering
        to new customers
      • Geographic expansion
      • Expansion of the supplier base
      • Leverage growth prospects for recycled aluminium and movement of market from unorganized to
        organized players
      • Ensure efficiency and reduced cost through integrating operations, process optimization and increased
        use of information technology.

      Century Metal – 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-1731-Mar-1731-Mar-1631-Mar-1531-Mar-14
      Total Assets6,478.63 4,855.974,708.66 4,854.074,834.17
      Total Revenue12,754.24 15,746.7814,919.3516,320.2314,500.15
      Total Expense12,016.6014,870.9114,805.26 16,272.4414,441.40
      Profit After Tax518.06624.0798.6047.4346.26

      Earnings per Equity Share (in Lakhs)

      31-MAr-1731-Mar-1631-Mar-15
      Basic 1.944.0325.48
      Diluted 1.823.7923.98

       


      Century Metal IPO – Promoters

      The Promoter of this company are:

      1.  GAURI SHANKAR AGARWALA,
      2. MOHAN AGARWAL,
      3. KALAWATI AGARWAL
      4. PRATIBHA 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.


      Century Metal IPO Offer Details or Issue Details

       Particulars No. Of Equity Shares
       Equity Shares Offered 6,402,650 Equity Shares of Rs 10/- each at an Issue Price at X per share 
       Of which:
       Reserved for Market Makers X Equity Shares of Rs 10/- each
       Net Issue to the Public  X Equity Shares of Rs 10/- each 
       Of which:
       Retail Investors Portion X Equity Shares of Rs 10/- each 
       Non-Retail Investors PortionX Equity Shares of Rs 10/- each 
       Equity Shares outstanding prior to the Issue24,950,388 Equity Shares of Rs 10/- each
       Equity Shares outstanding after the IssueX Equity Shares of Rs 10/- each

      Century Metal IPO Issue Object

      These are the IPO Issue Objects of the company

      • Prepayment or repayment of all or a portion of certain borrowings availed by the Company
      • General corporate purposes

       

      Century Metal 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:

      • Largest recycler of aluminium alloys
      • Long-standing relationships with the customers
      • Leading supplier of liquid aluminium
      • Strategic alliances through joint ventures
      • Strong and diversified supplier base for sourcing raw materials
      • The manufacturing facilities, technology, quality processes and engineering expertise
      • Experienced and qualified management team backed by good governance standards.

      The relevant quantitative factors are:

      EPS – Basic & Diluted RONW (%)NAV (Rs.)
      31-Mar-151.94 & 1.822.32%%NA
      31-Mar-164.03 &  3.794.65%NA
      31-Mar-1725.48 &  23.9822.75%156.16
      • Industry P/E Ratio:
      ParticularsP/E ratio
      Average46.9
      Highest103.8
      Lowest6.1

      Century Metal IPO Lead Managers

      Lead Managers
      ICICI SECURITIES LIMITED
      ICICI Centre, H. T. Parekh Marg
      Churchgate, Mumbai 400 020, Maharashtra, India
      Telephone: +91 22 2288 2460, Facsimile: +91 22 2282 6580
      Email: cmr.ipo@icicisecurities.com
      Investor grievance email: customercare@icicisecurities.com
      Website: www.icicisecurities.com, Contact Person: Rupesh Khant
      SEBI Registration No.: INM000011179


      EDELWEISS FINANCIAL SERVICES LIMITED
      14th Floor, Edelweiss House, Off. C.S.T. Road, Kalina
      Mumbai 400 098, Maharashtra, India
      Telephone: +91 22 4009 4400, Facsimile: +91 22 4086 3610
      Email: cmr.ipo@edelweissfin.com
      Investor grievance email: customerservice.mb@edelweissfin.com
      Website: www.edelweissfin.com, Contact Person: Ashish Gupta
      SEBI Registration No.: INM0000010650

      Century Metal IPO Registrar to offer

      Registrar to the Offer
      KARVY COMPUTERSHARE PRIVATE LIMITED
      Karvy Selenium, Tower B, Plot Number 31 and 32
      Gachibowli, Financial District Nanakramguda,
      Hyderabad, 500 032, India
      Tel: +91 40 6716 2222, Fax: +91 40 2342 0814
      Email: century.ipo@karvy.com
      Investor grievance email: einward.rti@karvy.com
      Website: www.karvycomputershare.com
      Contact Person: M. Muralikrishna
      SEBI Registration No.: INR000000221

      Other Details:

      • Statutory Auditor – S.R. Batliboi & Co. LLP
      • Peer Review Auditor – NA
      • Bankers to the Company –  State Bank of India, HDFC Bank Limited, Axis Bank Limited

      Century Metal IPO Review by Top 10 Stock Brokers

      Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
      Angel Broking6.5/106.6/106.6/106.4/106.4/10
      Sharekhan6.7/106.4/106.6/106.1/106.2/10
      Kotak Securities6.7/106.7/106.7/106.4/106.3/10
      ICICI Direct6.6/106.3/106.7/106.5/106.5/10
      IIFL6.4/106.7/106.8/106.4/106.7/10
      Edelweiss6.7/106.4/106.4/106.3/106.7/10
      Zerodha6.5/106.4/106.7/106.4/106.5/10
      5Paisa6.7/106.4/106.3/106.7/106.5/10
      Karvy6.8/106.3/106.7/106.4/106.0/10
      Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

      The ratings would be updated once the financials and the other details of the IPO are released.


      CENTURY METAL IPO Grey Market Premium

      The Century Metal 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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        Century Metal IPO News

        News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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