Lets read this article to understand the company business, financial performance, Jai Hanuman irrigation IPO size, IPO offering, Jai Hanuman IPO price and the details of promoters of the company. Jai Hanuman Irrigation, a Rajasthan based company, is in the process of floating an IPO to raise to the tune of Rs. 7.86 crores. The company has been recently set up by acquiring the promoter’s long run proprietor business. The funds being raise represent almost 42% of the post issue paid up capital of the Company.
Jai Hanuman Irrigation IPO Review & Ratings
|Jai Hanuman Irrigation IPO Ratings & Review|
|Top Brokers Review||6.3/10|
Summary of Jai Hanuman Irrigation IPO
Jai Hanuman IPO constitutes of 45,92,000 equity shares of face value of Rs. 10 each. The company has reserved 2,40,000 such equity shares for subscription by the market makers and the balance is for the public to subscribe. The company has quoted offer price at a premium and is aiming to raise funds Rs. 7.86 crores. The IPO is being managed by Pantomath Capital Advisors and the registrar to the offer is Bigshare Services.
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Jai Hanuman Irrigation IPO Date
The company has not decided on the IPO date yet. Once the company finalises the same, the details will be posted herein.
Jai Hanuman Irrigation IPO Subscription
Once the IPO releases, the details of subscription made by public will be updated on a daily basis.
Jai Hanuman Irrigation IPO Allotment Status
Once the subscription is completed and the company concludes with the allotment, the details of allotment will be posted in this section.
Jai Hanuman Irrigation IPO Price Band
The Company has fixed up the IPO offer price at Rs. 17 i.e. a premium of Rs. 7 per share has been fixed by the company in consultation with the lead managers. The details of how the same was arrived has been discussed in the later sections of this article.
Jai Hanuman Irrigation IPO Issue Size
Jai Hanuman Irrigation IPO is worth Rs. 7.86 crores. This is basis the premium plus face value of the equity shares being offered under the IPO. This represents 44% of the post issue paid up capital of the company.
Jai Hanuman Irrigation IPO Equity Share Offerings
The number of shares under this IPO is 45,92,000 out of which 2,40,000 have been reserved for the market makers and the balance 43,52,000 equity shares are available for the public to subscribe.
Jai Hanuman Irrigation Limited – Company Overview
- Ashok Hanuman Choudhary, Chairman and whole-time Director
- Kailash Chand Choudhary, Managing Director
- Urmila Choudhary, Whole-time Director
- Mohan Lal Kadwa, Additional Independent Director
Competitive Strengths of Jai Hanuman Irrigation Limited:
- Experienced Management
- Integrated and qualitative services
- Government Subsidies
- Non conventional Business
Business strategy of Jai Hanuman Irrigation Limited:
- Expand domestic geographical reach
- Improve and increase operational efficiencies
- To increase brand visibility
Jai Hanuman Irrigation – Financial Statements
As discussed above, the company was incorporated in 2017 itself and acquired the promoter’s proprietor business in October 2017, hence the financial figures would be available for only a part of this year.
Assets of the Company
As on 31 December 2017, the non current assets of the company amounted to Rs. 74 lacs and the current asset base was Rs. 939 lacs.
Revenue & PAT of the Company
Till December 2017, the company earned revenue to the tune of Rs. 231 and the PAT was Rs. 37.14 lacs.
Earnings per Equity Share
Accordingly, the EPS works out to be Rs. 4.43. This is an non-annualised EPS.
Jai Hanuman Irrigation Promoters
The company has been promoted by the following:
- Ashok Hanuman Choudhary, Chairman and Whole Time Director
- Kailash Chand Choudhary, Promoter and Managing Director
Promoter Interest in the company
Promoter Interest in the property of the company
Jai Hanuman Irrigation IPO Offer Details or Issue Details
|Particulars||No. of Equity Shares|
|Public Issue of Equity Shares by Our|
|45,92,000 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. 17/- per Equity share aggregating to Rs. 7.80 crores|
|Market Maker Reservation Portion||2,40,000 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. 17/- per Equity share aggregating to Rs. 40.80 Lakh|
|Net Issue to the Public*||43,52,000 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. 17/- per Equity share aggregating to Rs. 7.39 crores|
|21,76,000 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. 17/- per Equity share aggregating to Rs.3.70 crores will be available for allocation to Investors up to Rs. 2.00 Lakhs|
|21,76,000 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. 17/- per Equity share aggregating to Rs.3.70 crores will be available for allocation to Investors above Rs. 2.00 Lakhs|
|Pre and Post Issue Equity Shares|
|Equity Shares outstanding prior to the Issue||57,64,710 Equity Shares of Face Value of Rs. 10/- each|
|Equity Shares outstanding after the Issue||1,03,56,710 Equity Shares of Face Value of Rs. 10/- each|
Jai Hanuman Irrigation IPO Issue Object
The company plans to use the funds firstly to set off the issue related expenses and then use the balance funds which may be approx Rs. 6.96 crores for the following objectives:
- Funding the working capital requirements of the Company
- General Corporate Purposes
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Jai Hanuman Irrigation IPO – Basis of the Offer Price
- Experienced Management
- Integrated & qualitative services
- Government Subsidies
- Non conventional business
Quantitative factors influencing the offer price:
- Earning per share – The non-annualised EPS for December 2017 is Rs. 4.43.
- Price/earning ratio – PE ratio is one of the key indicators used for analysing the performance of a company. However, since this is the first year post incorporation for the company, the PE ratio computation is not carried out.
- Return on Net Worth – The non-annualised RoNW for December 2017 is 11.29%.
- Net Asset Value – NAV per Equity Share – The net asset value per equity share as on 31 March 2017 is Rs. 11.27. The NAV after the issue Rs. 10.71
- Comparison of Accounting ratios with Industry peers – The company believes hat there are no listed companies in India which are purely engaged in the business of setting up of green house, shade net house and mulching film. Further, there are no listed entities which are having comparable turnover and are focused exclusively in the segment in which the company operates.
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Jai Hanuman IPO Lead Managers
|Pantomath Capital Advisors Priavte Limited|
Jai Hanuman Irrigation IPO Registrar to offer
|Registrar of the Offer|
|Bigshare Service Private Limited|
Jai Hanuman IrrigationIPO Review by Top 10 Stock Brokers
|Top Stock Brokers Review||Company Repu-tation||Compe-titive Edge||Finan-cial State-ment||Popu-larity Index||Promo-ters Repu-tation|
Jai Hanuman IPO Grey Market Premium
The grey market for Jain Hanuman Irrigation IPO will open 15 days before the IPO is released. The traders will be dealing on the IPO. The grey market works on grey market premium and kostak rates. The kostak rates are also usually out a fortnight before the release of the IPO.
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