Jai Hanuman Irrigation IPO – Review, Allotment Status, Subscription, Price, Date & more

Jai Hanuman Irrigation Limited is engaged in the business of setting up Green Houses and Shade Net Houses to cater to the diverse needs of the farmers. They are also engaged into the business of manufacturing of mulching films. Jai Hanuman Irrigation IPO comprises of 45,90,000 Equity shares, face value of Rs.10 each.

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


Jai Hanuman Irrigation IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Jai Hanuman Irrigation Limited  IPO

Jai Hanuman Irrigation IPOJai Hanuman Irrigation Limited is engaged in the business of setting up Green Houses and Shade Net Houses to cater to the diverse needs of the farmers. The Issue comprises of a Public Issue of 45,90,000 Equity shares of face value of Rs.10.00 each fully paid  up.The Issue And The Net Issue Will Constitute 44.33% And 42.11% Respectively Of The Fully Diluted Post Issue Paid Up Equity Share Capital Of the Company. The Face Value Of The Equity Shares Is Rs. 10 Each And The Issue Price Of Rs. 12/- Is 1.2 Times Of The Face Value Of The Equity Shares.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 42.19% and 0.40%, respectively.

  • The profit after tax increased from Rs. 13.75 Lakhs in financial year 2015-16 to Rs. 34.61 Lakhs in financial year 2016-17 showing an increase of 151.71%, it increased from Rs. 7.99 Lakhs in financial year 2014-15 to Rs. 13.75 Lakhs in financial year 2015-16 showing an increase of 72.09 %
  • During the financial year 2017-18 the revenue of the company decreased to Rs. 1,024.29 Lakhs as against Rs. 1,229.32 Lakhs for the financial year 2016-17, representing decline by16.6% .
  • Company’s other income for the year 2017-18 is Rs. 3.78 Lakhs from the year 2016-17 of Rs. 3.84 Lakhs showing an decline of 1.5% from last year, showing remarkable performance.

The Promoter of this company is Kailash Chand Choudhary and Ashok Choudhary. The lead manager to the issue is Holani Consultants Private Limited and the Registrar to this issue is Bigshare Services Private Limited.


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Jai Hanuman Irrigation IPO Date

The opening and the closing date of Jai Hanuman Irrigation Limited IPO is not known yet.


Jai Hanuman Irrigation IPO Subscription

Day / DateQIBNIIRIITotal Subscription
Day 1 
Day 2
Day 3
Day 4
Day 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Jai Hanuman Irrigation IPO Allotment Status

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


Jai Hanuman Irrigation IPO Price Band

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


Jai Hanuman Irrigation IPO Equity Share Offering

45,90,000 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. 12/- per Equity share .


Jai Hanuman Irrigation Limited – Company Overview

Jai Hanuman Irrigation Limited was originally formed and registered as a Public Limited Company at Jaipur, Rajasthan under the Companies Act, 2013 in the name of “Jai Hanuman Irrigation Limited” vide Certificate of Incorporation dated July 07, 2017.

Jai Hanuman Irrigation Limited is engaged in the business of setting up Green Houses and Shade Net Houses to cater to the diverse needs of the farmers. They are ISO 9001:2015 certified company and received certification from TNV Certification UK Limited. They were empanelled with Government of Rajasthan under the Schemes of National Horticulture Mission and other Horticulture Schemes for producing poly house and shade net house.

Being a subsidy driven business, they operate only under the project markets model in the states of Rajasthan and Telangana. They usually accept tenders from the government. Subsequent to receipt of tender and subsidy eligibility approval from the concerned authorities, they install Green Houses, Shade net houses and mulching films at the customer/ Farmer’s site/ farms. They provide end to end services ranging from procurement of raw materials to the installation of Fogger & Top Sprinklers and Drip Sprinklers.

They expanded their reach outside Rajasthan and empanelled themselves with Telangana Government for installation of Poly Houses in FY 2017-18 and for ease of operations, they have also set up a branch office in Telangana.

The Company is promoted by Kailash Chand Choudhary and Ashok Choudhary and is the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of Jai Hanuman Irrigation Limited:

  • Experienced Management and Operational Team
  • Wide array of Quality Products and Services
  • Subsidies from the Government
  • Non-Conventional Business
  • Good Competitive Edge in the Business Segment

Business strategies of Jai Hanuman Irrigation Limited:

  • Capitalize on the rising demand of plasticulture in the agricultural sector for the growth
  • Enhancing the quality of existing products and services
  • Enhancing functional efficiency
  • Brand Image

Jai Hanuman Irrigation 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-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
Total Assets1,537.61655.46343.67129.8677.12
Total Revenue 1,024.291,229.32647.79197.21196.48
Total Expense941.771179.70628.26185.28197.58
Profit After Tax59.8034.6113.757.99(0.76)

Earnings per Equity Share (in Lakhs)

31-Mar-1831-Mar-1731-Mar-16
Basic & Diluted2.72

From the above statements, one could find that the Jai Hanuman Irrigation Limited may perform well.


Jai Hanuman Irrigation IPO – Promoters

The Promoter of this company are:

  1. Kailash Chand Choudhary
  2. Ashok Choudhary

List of Related Parties (Key Managerial Personnel)

  • Urmila Choudhary, Whole-Time Director
  • Kailash Chand Choudhary
  • Ashok Choudhary
  • Banwari Lal Sharma, Chief Financial Officer
  • Ashu Bansal, Company Secretary and Compliance Officer

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.


Jai Hanuman Irrigation IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered 45,90,000 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. 12/- per Equity share aggregating to Rs. 550.80 Lakhs.
 Of which:
 Reserved for Market Makers 2,30,000 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. 12/- per Equity share aggregating to Rs. 27.60 Lakhs.
 Net Issue to the Public 43,60,000 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. 12/- per share aggregating to Rs. 523.20 Lakhs
 Of which:
 Retail Investors Portion 21,80,000 Equity Shares of face value of Rs. 10/- each fully paid up of the Company at a cash price of Rs. 12/- per Equity share aggregating to Rs. 261.60 Lakhs will be available for allocation to Investors up to Rs. 2 Lakhs.
 Non-Retail Investors Portion21,80,000 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at price of Rs. 12/- per Equity Share aggregating to Rs. 261.60 lakhs will be available for allocation to investors above Rs. 2 Lakhs.
 Equity Shares outstanding prior to the Issue57,64,710 Equity Shares of face value of Rs.10 each
 Equity Shares outstanding after the Issue1,03,54,710 Equity Shares of face value of Rs.10 each

Jai Hanuman Irrigation IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding the Working Capital requirements of the Company:
  •  General Corporate Purposes

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Jai Hanuman Irrigation 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 and Operational Team
  • Wide array of Quality Products and Services
  • Subsidies from the Government
  • Non-Conventional Business
  • Good Competitive Edge in the Business Segment

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-16
31-Mar-17
31-Mar-182.727.8713.18
  • Industry P/E Ratio:
ParticularsP/E ratio
P/E Ratio on Basic and Diluted EPS for period ended on March 31, 20184.41
  • Competitive Peers:

They believe that there are no listed companies in India which are purely engaged in the business of setting up of Green Houses, Shade Net Houses and Mulching Film. Further, they believe there are no listed entities which are having comparable turnover and are focused exclusively in the segment in which they operate.


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Jai Hanuman Irrigation IPO Lead Managers

Lead Managers
HOLANI CONSULTANTS PRIVATE LIMITED
401-405 & 416-418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur-302016
Tel.: +91 0141-2203996
Fax: +91 0141-2201259
Website: www.holaniconsultants.co.in
Email:
Investor Grievance Id:

Contact Person: Mr. Bharat Mantri
SEBI Registration No.: INM000012467

Jai Hanuman Irrigation 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
Tel: +91 -22- 6263 8200
Fax: +91 -22- 6263 8299
Website: www.bigshareonline.com
Email:
Investor Grievance id:

Contact Person: Mr. Ashok Shetty
SEBI Registration No: INR000001385

Other Details:

  • Statutory Auditor –  M/s. Anil Wadhwani & Company, Chartered Accountants.
  • Peer Review Auditor – M/s. DV Barfiwala & Co., Chartered Accountants.
  • Bankers to the Company –  City Union Bank Limited

Jai Hanuman Irrigation IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Jai Hanuman Irrigation IPO Grey Market Premium

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Jai Hanuman Irrigation IPO News

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