Ishan International IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Ishan International IPO release date, IPO offer price, subscription, Ishan International Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 80 |
| Listing At | NSE SME |
| Min. Order Quantity | 1600 shares |
| Listing Date | Sep 22, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs.1824.00 Lakh |
| IPO Size | Rs. 1824.00 Lakh |
| Tick Size | 1 |
Ishan International IPO is listed at a Rs. 70 premium. Check out the live share price by clicking on the below link.
Ishan International IPO – Summary
The Company was originally incorporated as Ishan International Private Limited on May 29, 1995 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, New Delhi.
Subsequently the name of the company was changed from “as Ishan International Private Limited” to “Ishan International Limited” under the Companies Act, 2013 pursuant to a special resolution passed by the shareholders at the EGM held on January 11, 2022 and had obtained fresh certificate of incorporation January 17, 2022 issued by the Registrar of Companies, New Delhi.
The CIN of the Company is U74899DL1995PLC069144. They are an ISO 9001: 2015 certified Company, GoI certified Star Export House and a diversified heavy engineering company with an history of 26+ years of experience in selling heavy engineering equipment in international markets.
The Promoter of this company is MR. SHANTANU SRIVASTAVA. The lead manager to the issue is FIRST OVERSEAS CAPITAL LIMITED, and the Registrar to this issue is KFIN TECHNOLOGIES LIMITED.
Ishan International IPO Date
The opening of Ishan International IPO will be on Sep 9, 2022 and the closing date Sep 14, 2022.
Ishan International IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 9th Sep | 0.00x | 0.16x | 0.08x |
| 2nd Day – 12th Sep | 0.04x | 0.51x | 0.27x |
| 3rd Day – 13th Sep | 0.17x | 0.83x | 0.50x |
| 4th Day – 14th Sep | 1.60x | 1.65x | 1.62x |
| Shares Offered or Net Issue | 1,080,000 | 1,080,000 | 2,160,000 |
The shares subscribed by the public will be updated here.
Ishan International IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Ishan International Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Sep 19, 2022 |
| Refunds Initiation | Sep 20, 2022 |
| Credit of Shares to Demat Account | Sep 21, 2022 |
| Share Listing Date | Sep 22, 2022 |
Ishan International IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.80.
Ishan International IPO Equity Size
This Initial Public Issue of 2,280,000 Equity Shares of Rs.10 each for cash at a price of Rs.80 per equity share aggregating to Rs.1824.00 Lakh.
Ishan International IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,20,000 Equity Shares of Rs.10/ each.
Issue Size: Rs. 2,280,000 Equity Shares of Rs.10 each, aggregating to Rs.1824.00 Lakh.
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Ishan International IPO – Live Performance
The listing date of this IPO is . You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Ishan International Share Price |
Ishan International IPO Grey Market Premium
The Ishan International Limited IPO Grey Market Premium price is Rs.80 , the Kostak rate is Rs X and the Subject to Sauda is X.
Ishan International IPO – Company Overview
They are engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydro power plants and pollution control systems.
Also, they provide high end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals, Pollution Control Systems.
They provide customized heavy equipment’s including the entire range of machinery for sugar, jaggery, pharmaceuticals, hydro power and pollution control.
Established in 1995, the initial business was of pharmaceutical machinery and raw materials for pharmaceuticals ingredients and the company later diversified into heavy engineering.The business is largely focused in international markets. In 1999, they established the 1st overseas office in Vietnam.
Between 1999 and 2021, they have set up the overseas offices in Philippines, Indonesia, Hanoi (Vietnam), Ho Chi Minh City (Vietnam) and Kenya (in process). The core strength Quality Management System in place under ISO 9001 : 2015.
Ishan International IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 2168.87 | 1452.52 | 1704.15 | 1530.53 |
| *Total Revenue | 2174.31 | 2271.2 | 2272.56 | 2708.4 |
| Total Expense | 1,963.93 | 2,251.11 | 2,234.33 | – |
| Profit After Tax | 127.15 | 15.05 | 28.42 | 39.62 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 2.58 | 1.13 | 2.13 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, 31-Mar-20 and 31-Mar-19 were Rs.127.15 Lakh,Rs.15.05 Lakh, Rs. 28.42 Lakh, Rs.39.62 Lakh and respectively.
Ishan International IPO – Promoters
The Promoter of this company is:
- Mr. Shantanu Srivastava
List of Related Parties (Key Managerial Personnel)
- Mr. Shantanu Srivastava, MD & CEO
- Mrs. Neelam Gupta, Executive Director & CFO
- Mr. Mandyam Komandur Srinivas, Non-Executive Independent Director
- Mr. Mahesh Bhupathi, Additional Independent Director
- Mr. Vipin Ganpatrao Goje, Non-Executive Independent Director
Ishan International IPO – Promoters Holding
- Pre Issue Share Holding -99.61%
- Pos Issue Share Holding -65.21%
Ishan International IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 22,80,000 Equity Shares aggregating up to Rs. 1824.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,20,000 Equity Shares aggregating up to Rs.96,00,000 Lakh |
| Net Issue to the Public | Up to 21,60,000 Equity Shares aggregating up to Rs. 17,28,00,000 Lakh |
| Of which: | |
| Retail Investors Portion | 10,80,000 Not less than 50% |
| Other than Retail Individual Investors | 10,80,000 Not more than 50% |
| Equity Shares outstanding prior to the Issue | 49,27,843 Equity Shares |
| Equity Shares outstanding after the Issue | 72,07, 843 Equity Shares |
Ishan International IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding the Proposed Joint Venture and/or Acquisition
2. To meet the Working Capital requirements
3. General Corporate Expenses
Ishan International IPO – Business Strategy
- Broadening product portfolio of heavy engineering machineries and engineering services
- Exploring new geographical locations
- Strategic marketing partnerships pave way for higher value additions
- Focus on Increase in Volume of Sales
- Continue to develop client and supplier relationships
Ishan International IPO – Basis of 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:
- Strong brand presence in South-East Asia
- Diversification in various sectors ensures steady revenue
- A combination of experience and expertise
- Sustainable and Strong Order Book
- Focus on quality, cost efficiencies and timely implementation
- High Customer Satisfaction
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 2.58 | 21% | 12.58 |
| 31-Mar-21 | 1.13 | 3% | – |
| 31-Mar-20 | 2.13 | 6% | – |
Ishan International IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | |
| Ishan International Limited | 10 | 31.01 | 2.58 | 21.00 |
| Listed Peers | ||||
| Lokesh Machines Ltd | 10 | 21.65 | 3.55 | 4.25 |
| Ador Fontech ltd | 2 | 11.44 | 6.10 | 17.41 |
Ishan International IPO Lead Managers
| Lead Managers |
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Dalal Street, Fountain, Mumbai – 400 001, Maharashtra, India Tel No.: +91 22 4050 9999 Email: satish@focl.in / mala@focl.in Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in Contact Person: Satish Sheth / Mala Soneji SEBI Registration No: INM000003671 |
Ishan International IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES LIMITED Selenium Tower B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Rangareddi, Hyderabad, 500 032, Telangana, India Tel No. +91 40 6716 2222 E-mail: ishan.ipo@kfintech.com Investor Grievance Email: einward.ris@kfintech.com Website: www.kfintech.com Contact Person: Mr. M Murali Krishna SEBI Registration No.: INR000000221 |
Ishan International IPO – Other Details
- Statutory Auditor – M/S. Hiren Buch , Associates, Chartered Accountants
- Legal Counsel to the Company – PANINDIA LEGAL SERVICES LLP, PMH LAW
- Bankers to the Company – BANK OF INDIA, STATE BANK OF INDIA
Ishan IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Ishan International Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Ishan International IPO Review FAQs
Check out various FAQs related to Ishan International IPO:
What is the Issue Size of Ishan International IPO?
The Company is making an initial public offer of 22,80,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Ishan International IPO?
The price band for this particular IPO ranges between Rs. 80. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Ishan International IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 9, 2022, while the closing date is set at Sep 14, 2022.
What is the Ishan International IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 19, 2022, refund initiation is on Sep 20, 2022, credit of shares is on Sep 21, 2022, and share listing date is on Sep 22, 2022.
What is the Ishan International IPO Listing Date?
Shares of this company shall be listed in the exchanges Sep 22, 2022. The date, when the listing would be done, is stagnant on Sep 22, 2022.
Who is the Registrar of Ishan International IPO?
One of the reputed registrars is managing the issue of this IPO, KFIN TECHNOLOGIES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Ishan International IPO?
Here are the promoters of this IPO – Mr. Shantanu Srivastava. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Ishan International IPO?
We have obtained the GMP of this IPO and it is Rs.80 Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Ishan International IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Ishan International Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, 31-Mar-20 and 31-Mar-19 were Rs.127.15 Lakh,Rs.15.05 Lakh, Rs. 28.42 Lakh, Rs.39.62 Lakh and respectively.
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