Genius Consultants IPO – Review, Allotment Status, Subscription, Price, Date & more

Genius Consultants IPO is one of the first few and one of the most recent IPOs of this new financial year. This post covers various relevant details of Genius Consultants IPO. It talks about features like the IPO release date, IPO size, IPO object, IPO issue details, IPO subscription, Company background, Company financials, IPO price band, GMP – Grey Market Price and many other details.


Genius Consultants IPO Review & Ratings

Genious Consultants IPO Ratings & Review
CriteriaRatings
Industry Sentiments6.1/10
Industry Ranking6.2/10
Company Background6.2/10
Company Reputation6.3/10
Competitive Edge6.1/10
Financial Statements6.0/10
Popularity Index6.1/10
Promoters Reputation6.2/10
Retail Appetite6.3/10
Top Brokers Review6.2/10
Overall Ratings6.2/10
Star Ratings★★★☆☆

 


Summary – Genius Consultants IPO

Genius Consultants IPOGenius Consultants is a Kolkata based company which provides complete Human Resource related solutions. The IPO carries with it fresh equity shares of INR 1,700 million and additionally 1 million equity shares of one of the promoters. Genius Consultants IPO is the fourth company releasing an IPO from this industry over a span of two years. The IPO related draft documents have been submitted with the SEBI on 02 April 2018.

The lead managers for Genius Consultants IPO are SBI Capital Markets Limited and Yes Securities (India) Limited. The Registrar to the Genius Consultants IPO is Link Intime India Private Limited.

Genius Consultants, established in 1993, is one of leading providers of human resources solutions in India – their services cover the life-cycle of the HR solutions value chain include permanent and flexi staffing solutions, payroll processing, compliance management, background checks and verification services, HR management services (“HRMS”) (collectively, “HR Solutions”) and facility management services as well as sale of HR software.

Genius Consultants also plans to diverse in new segment related to security services. They have a bunch of high-profile clientele including Bharti Airtel, Bosch, Hathway Cable and Datacom (“Hathway”), Tata Consultancy Services (“TCS”) and PayTM.


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Genius Consultants IPO Date

Company’s IPO issue date has not been declared/released yet.

Genius Consultants IPO Subscription

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

Once the IPO is released, the subscription numbers would be updated here on a daily basis.

Genius Consultants IPO Allotment Status

Once the IPO is released and subscribed, the details related to allotment status would be analysed and posted herein within 2-3 weeks.

Genius Consultants IPO Price Band

Once the IPO is released and subscribed, the details related to allotment status would be analysed and posted herein within 2-3 weeks.

Genius Consultants IPO Issue Size

The IPO is sized at INR 1700 million plus additional 1 million equity shares being sold by one of the promoters.

Genius Consultants IPO Equity Share Offerings

As mentioned above, the promoter is offering 1 million equity shares. However, the number of equity shares being offered under fresh issue has not been declared yet. The same will be updated herein post the disclosure.


Genius Consultants Limited – Company Overview

Genius Consultants Limited is a leading HR solutions provider in India by market share in fiscal 2017 and as per a recent CRISIL Report, it has one of the highest revenue per associate ratio (Source: CRISIL Report, March 2018).

The HR company was set up in 1993 and in these 24 years, it has expanded its services from a basic staffing services to include solutions covering the life-cycle of the HR solutions value chain include permanent and flexi staffing solutions, payroll processing, compliance management, background checks and verification services, HR management services (“HRMS”) (collectively, “HR Solutions”) and facility management services as well as sale of HR software.

Genius Consultants Limited serve their corporate clients by sourcing middle and senior level personnel through our permanent staffing solutions, while our flexi staffing solutions outsource associates on a temporary basis, allowing our clients to focus on core areas of their business and operations.

Key members of Genius Consultants Limited:

  • Rajendra Prasad Yadav (Chairman cum MD)
  • Ms. Rashmi Yadav Korada (Whole-time director)
  • Mr. Swapnesh Kumar (Whole-time director)
  • Ms. Pritika Yadav (Whole-time director)

Competitive Strengths of Genius Consultants Limited

  • Diverse client base including several marquee customers with focus on client retention
  • Leading and established player in the HR Solutions industry with robust financial performance
  • Scalable business model with pan-India presence
  • Technological and operational excellence
  • Experienced management supported by quality human capital

Business strategies of Genius Consultants Limited

  • Foray into security services, HR BPO and sale of new software and increased focus on facility management services (FMS)
  • Increase geographic presence in India and overseas and continue to focus on client acquisition
  • Expand through inorganic growth and strategic acquisitions
  • Increased focus on the BFSI sector, retail and e-commerce industries with further penetration in other
    industry segments

Genius Consultants Limited – Financial Statements

A snapshot of the financial results and position of Genius Consultants Limited is provided below:

Assets of the Company

Assets (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Non-Current Asset344250204177129
Current Asset1,073832619461344
Total Asset1,4161,081823638473

Revenue & PAT of the Company

Revenue & Profits (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Total Revenue78166206516744503588
Profit after Tax (PAT)196111836644

Earnings per Equity Share

Earning per Equity Share (in INR)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Basic10.826.124.58NANA
Diluted10.826.124.58NANA

Genius Consultants Limited has seen a consistent growth in revenue and also in the profits.  The total revenue and profit after tax grew at a CAGR of 21.44% and 45.57%, respectively, between fiscal 2013 and fiscal 2017. This indicates to the progressive and successful history of the company.


Genius Consultants Limited Promoters

The key promoters of Genius Consultants Limited are:

  • Mr. Rajendra Prasad Yadav
  • Ms. Reeta Yadav

Interest of Promoters:

Interests of Promoters in promotion of Genius Consultants

The promoters are interest to the extent that they have promoted the company.

Interest of promoters in property

The Company has entered into a lease agreement dated August 1, 2015 with Mr. Rajendra Prasad Yadav, for a period of three years in relation to premises situated at 1st floor, Rishi Tech Park,360, New Town, Kolkata, West Bengal, India admeasuring 1,806 square feet. Pursuant to the terms of the lease deed Company is required to pay a monthly rent of ₹ 89, 270 during the term of the lease. Additionally, Mr. Rajendra Prasad Yadav is a trustee on the board of trustees of Genius Foundation, PF Trust and Gratuity Trust.

Business interest of the promoters

The promoters are interested to the extent of their respective shareholding in the company and dividends/other related distributions. Additionally, Mr. Rajendra Prasad Yadav is also interested in the Company as Chairman and Managing Director and as a Key Managerial Personnel and Ms. Reeta Yadav is interested in Company as a non-executive and to the extent of any remuneration payable to them in such capacity, respectively.


Genius Consultants 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 ₹ 1,700 million
Offer for SaleUp to 1,000,000 Equity Shares aggregating to ₹ [●] million
Of which:
A. QIB Category(3) Not more than [●] Equity Shares
Of which:
(i) Anchor Investor Portion(4) Up to [●] Equity Shares
Of which:
Available for allocation to Mutual Funds only[●] Equity Shares
Balance for all QIBs including Mutual Funds[●] Equity Shares
(ii) Balance available for allocation in the QIB Category (assuming Anchor Investor Portion is fully subscribed)[●] Equity Shares
Of which:
Available for allocation to Mutual Funds only (5% of the QIB Category (excluding the Anchor Investor Portion))[●] Equity Shares
Balance for all QIBs including Mutual Funds[●] 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 offer18,112,500 Equity Shares
Equity Shares outstanding after the Offer[●] Equity Shares

The HR company as per their red herring prospectus is ready to jump in market with 10 lakh equity shares. The issue that they are looking at INR 170 Crore. This is comparatively is very small IPO.


Genius Consultants IPO Issue Object

The object of this IPO issue is:

  • Funding working capital requirements;
  • Funding expenditure for upgrading the IT infrastructure;
  • Fund capital expenditure for setting up branch offices at the New Locations (defined below) and relocation
    of branch offices at Mumbai and Chennai;
  • Funding strategic acquisitions and initiatives; and
  • General corporate purposes.

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Genius Consultants IPO – Basis of the Offer Price

The Offer Price will be determined by the Company and the Selling Shareholder i.e. the promoter selling his shares, in consultation with the Book Running Lead Managers, on the basis of assessment of market demand for the Equity Shares offered through the Book Building Process and on the basis of  various qualitative and quantitative factors .

Some of the qualitative factors which form the basis for the Offer Price are:

  • A diverse client base including several marquee customers with focus on client retention;
  • Leading and established player in the HR Solutions industry with robust financial performance;
  • Scalable business model with pan-India presence;
  • Technological and operational excellence; and
  • Experienced management supported by quality human capital

Let’s have a look at quantitative factors which influence the offer price:

  • Earnings per share – The weighted average EPS for latest 3 years is INR 8.21
  • Price/earning share
  • Return on Net Worth – The RONW at weighted average of recent 3 years is 33.08
  • Minimum Return on Net Worth post-Offer required to maintain pre-Offer Basic and Diluted EPS
    for the fiscal December 31, 2017 and March 31, 2017
  • Net Asset Value (“NAV”) per Equity Share – NAV as on March 31, 2017 is ₹ 30.80
  • Comparison with listed industry peer review  –  It ranks at number 3 on the basis of EPS.

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Genius Consultants IPO Lead Managers

Lead Managers
SBI Capital Markets Limited
YES Securities (India) Limited

Genius Consultants IPO Registrar of the Offer

Registrar of the Offer
Link Intime India Private Limited

Genius Consultants 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

Genius Consultants IPO Grey Market Premium

As a general trend, the grey market for Genius Consultants IPO will open alost 15 days or 2 weeks prior to the release date. Upon opening of the same, the Kostak rates will also float around.


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Genius Consultants IPO News

News 1 – Human resources firm Genius Consultants files for IPO


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