Deccan Health Care IPO – Review, Allotment, Subscription, GMP & DRHP

Deccan Health Care Limited  mainly develop and market differentiated healthcare products specializing in nutraceutical and cosmeceutical products, which they commercialize through different revenue channels that takes the products solutions to the consumers which includes network of distributors, marketing agents, direct to consumers and e-commerce channel for their domestic sales. Deccan Health Care IPO comprises public Issue of  42,12,000 Equity Shares of Rs.10/- each.

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


Deccan Health Care IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 8.5/10
Industry Ranking 7.8/10
Company Background 7.9/10
Company Reputation 7.9/10
Competitive Edge 8.7/10
Financial Statements 7.8/10
Popularity Index 8.4/10
Promoters Reputation 7.7/10
Retail Appetite 7.9/10
Top Brokers Review 7.9/10
Overall Ratings 7.9/10
Star Ratings ★★★★☆

Summary of Deccan Health Care IPO

Deccan Health Care IPODeccan Health Care Limited  mainly develop and market differentiated healthcare products specializing in nutraceutical and cosmeceutical products, which they commercialize through different revenue channels that takes the products solutions to the consumers which includes network of distributors, marketing agents, direct to consumers and e-commerce channel for their domestic sales. The Company is not required to maintain bifurcation of sales in the category of distributors, marketing agents, direct to consumers and e-commerce channel for domestic sales.Deccan Health Care IPO comprises public Issue of  42,12,000 Equity Shares of Rs.10/- each .

From FY 2013-14 to FY 2016-2017, as per the Restated Financial Statements,

  • The EBITDA and restated profit for the period/year have reduced at a CAGR of 30.17% respectively, from Fiscal 2016 to Fiscal 2018 and but has grown and was Rs.247.81 lakhs and Rs. 1,267.45 lakhs, respectively, in the three months ended June 30, 2018.
  • The net asset value per Equity Share was Rs. 3,875.02  and Rs.3,648.01 as of June 30, 2018 and March 31, 2018, respectively, as per the Restated  Financial Statements.
  • The company sales have grown at a CAGR of  145.22% from  3,976.07  in Fiscal 2018  from 1,617.70 in the fiscal year 2016

The Promoters of this company are  Minto Purshotam Gupta  and Hitesh Patel. The lead manager to the issue are  Pantomath Capital Advisors Private Limited and the Registrar to this issue is  Bigshare Services Private Limited .



Deccan Health Care IPO Date

The opening and the closing date of Deccan Health Care IPO is Dec 18, 2018 – Dec 20, 2018.


Deccan Health Care IPO Subscription

Day / Date QIB NII RII Total Subscription
Day 1: 18th Dec
Day 2: 19th Dec
Day 3: 20th Dec
Day 4
Day 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Deccan Health Care IPO Allotment Status

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

Basis of Allotment Finalisation 26-Dec-18
Refunds Initiation 27-Dec-18
Credit of Shares to Demat A/C 28-Dec-18
Listing Date IPO Shares  31-Dec-18

Deccan Health Care IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is Rs 95 – Rs 100 Per Equity Share. 


Deccan Health Care IPO Equity Share Offering

Initial public offer of up to 42,12,000 Equity Shares of Rs. 10 each, aggregating up to Rs 42.12 Crores.


Deccan Health Care Limited – Company Overview

Deccan Health Care Limited  mainly develop and market differentiated healthcare products specializing in nutraceutical and cosmeceutical products, which they commercialize through different revenue channels that takes the products solutions to the consumers which includes network of distributors, marketing agents, direct to consumers and e-commerce channel for their domestic sales. The Company is not required to maintain bifurcation of sales in the category of distributors, marketing agents, direct to consumers and e-commerce channel for domestic sales.The Company has a diversified product portfolio with r product basket consisting of more than 1,500 products used for various purposes such as hair care, skin care, heart care, immunity building, etc. They have the ability to supply products in various forms such as tablets, capsules, gel, liquids, ointments, powder, pastes, etc.

The Company is promoted by Minto Purshotam Gupta and Hitesh Patel and are the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of Deccan Health Care Limited:

  • Experienced core management team
  • Our financial performance and tax incentives.
  • Multi product capability and proven Research & Development capabilities
  • Product Range
  • Quality assurance
  • Widespread domestic presence and distribution network

Business strategies of Deccan Health Care Limited:

  • Create a global presence
  • Make optimum utilization of their production capacity
  • Increase sales through e-commerce medium
  • Investment in R&D driving sustainable growth.
  • Widen our product range and capitalize on emerging Nutraceutical sector
  • Improve operational efficiencies

Deccan Health Care 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:

On the basis of Standalone statement:-

Amount (in INR & Lakhs)
31-Jun-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 6,553.40 6,292.99 4,959.89 2,934.45
Total Revenue 859.35 3,976.07 2,938.94 1,617.70
Total Expense 611.54 2,708.62 1,986.92 1,243.96
Profit After Tax 245.81 1,268.78 953.91 354.21

Earnings per Equity Share (in Lakhs)

31-Jun-18 31-Mar-18 31-Mar-17 31-Mar-16
Basic & Diluted 1.82 9.75 9.06 5.48

From the above statements, one could find that the Deccan Health Care Limited may perform well.


Deccan Health Care IPO – Promoters

The Promoters of this company are:

  • Minto Purshotam Gupta 
  •  Hitesh Patel

List of Related Parties (Key Managerial Personnel)

  • Minto Purshotam Gupta
  • Meenakshi Gupta

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.


Deccan Health Care IPO Offer Details or Issue Details

Particulars  No. Of Equity Shares
 Equity Shares Offered  Offer of Upto 42,12,000* Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs 95 – Rs 100, aggregating up to Rs 42.12 Crores.
 Of which:
Fresh Issue Upto 22,12,000* Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. Rs 95 – Rs 100.
Offer for sale Upto 20,00,000* Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at a price of Rs. Rs 95 – Rs 100.
 Reserved for Market Makers  [●] Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. Rs 95 – Rs 100.
 Net Issue to the Public  [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at a price of Rs. Rs 95 – Rs 100.
 Of which:
QIB Portion [●] Equity shares shall be available for allocation.
Of which
Available for allocation to Mutual Funds only (5% of the QIB portion) (Excluding the Anchor Investor Portion) [●] Equity Shares of face value of Rs.10/- each.
Balance for all QIBs including Mutual Funds [●] Equity Shares of Face Value of Rs. 10/- each 
 Retail Investors Portion  [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company at a cash price of Rs. Rs 95 – Rs 100.
 Non-Retail Investors Portion [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. Rs 95 – Rs 100. per Equity Share aggregating Rs. [●] lakhs will be available for allocation to investors above Rs. 2.00 Lakhs
 Equity Shares outstanding prior to the Issue 1,35,01,430 Equity Shares of face value of Rs.10/- each
 Equity Shares outstanding after the Issue Up to 1,57,13,430 Equity Shares of face value of Rs.10/- each

Deccan Health Care IPO Issue Object

These are the IPO Issue Objects of the company

  • Repayment/Prepayment of certain secured borrowings availed by our Company
  • Purchase of Plant & Machinery and related civil work
  • General Corporate Purposes

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Deccan Health Care 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 core management team;
  • Strong financial performance and tax incentives;
  • Multi product capability and proven Research & Development capabilities;
  • Product Range;
  • Quality Assurance; and
  • Widespread domestic presence and distribution network.

The relevant quantitative factors are:

Basic & Diluted EPS RONW (%) NAV (Rs.)
31-Mar-16  5.48 42.15
31-Mar-17 9.06 43.08
31-Mar-18 9.75 34.78 32.84
  • Competitive Peers:
Sr. No.  Particulars Face Value  (in Rs.) Basic EPS (In Rs.) P/E Ratio RONW in %
1 Zydus Wellness
Limited
10.00 34.24 33.47 19.36

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Deccan Health Care IPO Lead Managers

Lead Managers
PANTOMATH CAPITAL ADVISORS PRIVATE
LIMITED
406-408, Keshva Premises, Behind Family Court,
Bandra Kurla Complex,
Bandra East, Mumbai – 400051
Tel: +91-22 61946700
Fax: +91-22 2659 8690
Website:www.pantomathgroup.com
Email:
Investor Grievance Id:
Contact Person: Hardik Bhuta / Unmesh Zagade
SEBI Registration No:INM000012110

Deccan Health Care 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 – 400 059
Tel: +91 22 62638200
Fax: +91 22 62638299
Email:
Website: www.bigshareonline.com
Investor Grievance Id:
Contact Person: Nilesh S Chalke
SEBI Registration Number: INR000001385

Other Details:

  • Statutory Auditor –  M/s. Keyur Shah & Co., Chartered Accountants
  • Peer Review Auditor –  M/s. Keyur Shah & Co., Chartered Accountants
  • Bankers to the Company –  Oriental Bank of Commerce

Deccan Health Care IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 7.2/10 7.3/10 7.2/10 7.1/10 7.1/10
Sharekhan 7.2/10 7.1/10 7.7/10 7.1/10 7.2/10
Kotak Securities 7.3/10 7.2/10 7.3/10 7.1/10 7.3/10
ICICI Direct 7.3/10 7.3/10 7.7/10 7.1/10 7.1/10
IIFL 7.2/10 7.2/10 7.8/10 7.0/10 7.1/10
Edelweiss 7.2/10 7.3/10 7.3/10 7.3/10 7.2/10
Zerodha 7.3/10 7.1/10 7.2/10 7.1/10 7.0/10
5Paisa 7.1/10 7.1/10 7.3/10 7.1/10 7.1/10
Karvy 7.3/10 7.3/10 7.2/10 7.1/10 7.1/10
Motilal Oswal 7.1/10 7.1/10 7.7/10 7.3/10 7.2/10

Deccan Health Care IPO Grey Market Premium

The Deccan Health Care 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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Deccan Health Care IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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