Exclusive Fibers IPO – Review, Allotment, Subscription, GMP Price, Date & more

Exclusive Fibers IPO comprises of 4496000 Equity shares of Rs.10 each fully paid up. Exclusive Fibers is one of the leading company engaged in the business of manufacturing and trading of Carpets and cater to both domestic as well as foreign markets. 

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


Exclusive Fibers IPO Review & Ratings

Exclusive Fibers IPO Ratings & Review
Criteria Ratings
Industry Sentiments  6.3/10
Industry Ranking  6.3/10
Company Background 6.1/10
Company Reputation 6.4/10
Competitive Edge 6.4/10
Financial Statements 6.5/10
Popularity Index 6.2/10
Promoters Reputation 6.3/10
Retail Appetite  6.2/10
Top Brokers Review 6.3/10
Overall Ratings  6.3/10
Star Ratings ★★★☆☆

Summary of Exclusive Fibers IPO

Exclusive Fibers IPOExclusive Fibers is a value-driven corporate consolidated their position through successful forays into diversified sectors  focusing on producing quality product to increase customer satisfaction and develop a positive brand image in the industry.

From FY 2014-15 to FY 2017-2018, as per the Restated Financial Statements:

For the period ended FY 2017-18, FY 2016-17 and FY 2015-16, its revenue from operations was Rs 3,223.04, Rs 2590.03. , Rs.1475.93, respectively and net profit was Rs.1290.91,Rs.892.91 and Rs.538.51, respectively, representing a growth of 65.8% from the FY 2015-16 to FY 2016-17.

The Promoter of this company are  Rajeev Kumar Aggarwal and Meenu Aggarwal. The lead manager to the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED  and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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Exclusive Fibers IPO Date

The opening and the closing date of IPO of Exclusive Fibers is not known yet.


Exclusive Fibers IPO Subscription

  Subscription
Day 1 X
Day 2  X
Day 3 X
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.


Exclusive Fibers IPO Allotment Status

The allotment status will be known once the shares are subscribed.


Exclusive Fibers IPO Price Band

The face value of each share is Rs 10 and the Price Band as well as  the minimum Bid Lot size for the Issue will be decided by our Company in consultation with the BRLM and will be advertised at least five Working Days prior to the Bid/Issue Opening Date.


Exclusive Fibers IPO Equity Share Offering

44,96,000 Equity Shares of Rs 10/- each fully paid up so it will be aggregated to Rs.44,96,0,000 lakhs.


Exclusive Fibers Limited – Company Overview

Exclusive Fibers Company was incorporated as “Exclusive Fibers Private Limited” at New Delhi as a Private Limited Company under the provisions of the Companies Act, 1956. Earlier they were engaged in trading of different types of Textile Fibers and other textile related materials including Bulk Continuous Filament (BCF) Yarn until year 2015. Subsequently, they decided to foray into Carpet Manufacturing (Weaving).They are now engaged in the business of manufacturing and trading of Carpets and cater to both domestic as well as foreign markets.

Exclusive Fibers commissioned  first commercial production in Phase I unit in year 2015. The manufacturing facility of Phase I has an installed capacity of 4,50,000 square meters per annum for weaving carpets. In Phase II, the Company is intending to enhance the Carpet Manufacturing Capacity as well as to set up a plant to manufacture Bulk Continuous Filament Yarn (BCF). The BCF Yarn is primarily for in house consumption and surplus is proposed to be sold in the domestic as well as Export Market. 

Company proposes to set up 6,00,000 square meters per annum capacity of Carpets weaving and 1,800 Tons per annum capacity of BCF yarn in Phase II at Dahej. Reducing cost of production is an important aspect to increase the profitability. Manufacturing of Carpets uses BCF Yarn as a major raw material. Cost of material consumed accounts for substantial portion of the total expenses of the Company.

With the proposed facility, Company will be able to meet 100% of its BCF Yarn requirement from inhouse production and there would be no need of importing BCF Yarn thereby reducing our costs substantially and generating more revenues. They also intend to set up Carpet Weaving Technology Training Institute.

The Company exports its products to countries like United Arab Emirates,Malaysia, Hong Kong and Australia apart from selling in domestic markets. 

Competitive Strengths of Exclusive Fibers Limited:

  •  Experienced Management
  •  Location Advantage
  •  Government Incentives
  •  Scalable Business Model
  •  Customer oriented approach

Business strategies of Exclusive Fibers Limited:

  •  Setting up of Carpet and Yarn Manufacturing Unit (Phase II)
  •  Increasing our Global Presence
  •  Setting up Carpet Weaving Technology Training Institute
  •  Expanding our product portfolio
  •  Improving Functional Efficieny
  •  Technology Upgradtion
  •  Leveraging our market skills and relationship

Exclusive Fibers 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-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 8,537.47 743.18 413.33 397.701 695.47
Total Revenue 3,216.56 2,545.08 1,451.29 1,118.75 985.40
Total Expense 2,426.03 2,446.42 1,475.91 1,114.56 983.28
Profit After Tax 578.42 148.88 200.88 (22.88) 9.99

Earnings per Equity Share (in Lakhs)

31-Dec-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Basic  and Diluted 1.50 2.12 (0.25)

From the above statements, one could find that the Exclusive Fibers Limited may perform well.


Exclusive Fibers IPO – Promoters

The Promoter of this company are:

  • Mr Rajeev Kumar Aggarwal
  • Mrs Meenu Aggarwal

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.


Exclusive Fibers IPO Offer Details or Issue Details

 Particulars  No. Of Equity Shares
 Equity Shares Offered Issue of upto 44,96,000* Equity Shares of face value of Rs. 10/-each fully paid up of the Company for cash at a price of Rs. [●]/-per Equity share aggregating to Rs. [●] Lakhs
 Of which:
 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. [●]/- per Equity share
aggregating to Rs. [●] Lakhs
 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. [●]/- per share aggregating Rs. [●] Lakhs
 Of which:
 Retail Investors Portion [●] Equity Shares of face value of Rs. 10/- each fully paid of theCompany at a cash price of Rs. [●]/- per Equity share
aggregating Rs. [●] Lakhs will be available for allocation to
Investors applying with application value of up to Rs. 2.00 Lakhs
 Non-Retail Investors Portion [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of [●]/- per Equity Share aggregating Rs. [●] lakhs will be available for allocation to Investors applying with application value of above Rs. 2.00 Lakhs
 Equity Shares outstanding prior to the Issue 1,04,83,454 Equity Shares of face value of Rs.10/- each
 Equity Shares outstanding after the Issue [●] Equity Shares of face value of Rs.10/- each

Exclusive Fibers IPO Issue Object

These are the IPO Issue Objects of the company

  •  To finance setting up of Carpet and Yarn manufacturing unit (phase II) at GIDC, Bharuch, Gujarat;
  •  Repayment/Pre-payment of certain secured borrowings availed by our Company;
  •  Funding the working capital requirements of our Company;
  •  General corporate purposes.

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Exclusive Fibers 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 Management
  •  Locational Advantage
  •  Government Incentives
  •  Scalable Business Model
  •  Customer oriented approach

The relevant quantitative factors are:

Basic & Diluted EPS RONW (%) NAV (Rs.)
31-Mar-15 (0.25) (3.33)
31-Mar-16 2.12 15.90
31-Mar-17 1.50 9.12 15.92
  • Industry P/E Ratio:
Particulars P/E ratio
Average
Highest
Lowest

 


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Exclusive Fibers IPO Lead Managers

Lead Managers
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court,
Bandra Kurla Complex, Bandra East,
Mumbai – 400 051, Maharashtra, India
Tel: +91-22 6194 6700, Fax: +91-22 2659 8690
Website: www.pantomathgroup.com
Email:
Investor Grievance Id:
Contact Person: Hardik Bhuta /Unmesh Zagade
SEBI Registration No: INM000012110

Exclusive Fibers 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 400059, Maharashtra, India
Tel: +91 22 62638200, Fax: +91 22 62638299
Email:
Website: www.bigshareonline.com
Investor Grievance Id: 
Contact Person: Srinivas Dornala
SEBI Registration Number: INR000001385

Other Details:

  • Statutory and Peer Review Auditor – M/s Rajvanshi & Associates, Chartered Accountants
  • Bankers to the Company –   Punjab National Bank Limited,Corporation Bank Limited
  • Legal Advisor to the Company- M V Kini, Law Firm

Exclusive Fibers IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 6.5/10 6.6/10 6.6/10 6.4/10 6.4/10
Sharekhan 6.7/10 6.4/10 6.6/10 6.1/10 6.2/10
Kotak Securities 6.7/10 6.7/10 6.7/10 6.4/10 6.3/10
ICICI Direct 6.6/10 6.3/10 6.7/10 6.5/10 6.5/10
IIFL 6.4/10 6.7/10 6.8/10 6.4/10 6.7/10
Edelweiss 6.7/10 6.4/10 6.4/10 6.3/10 6.7/10
Zerodha 6.5/10 6.4/10 6.7/10 6.4/10 6.5/10
5Paisa 6.7/10 6.4/10 6.3/10 6.7/10 6.5/10
Karvy 6.8/10 6.3/10 6.7/10 6.4/10 6.0/10
Motilal Oswal 6.6/10 6.4/10 6.6/10 6.6/10 6.4/10

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


Exclusive Fibers IPO Grey Market Premium

The Exclusive Fibers 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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Exclusive Fibers IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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