Janus Corporation IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Janus Corporation Limited IPO release date, IPO offer price, subscription, Janus Corporation IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Janus Corporation Limited Company is diversified business company with Construction, Media, Consulting and Trading as their primary segments based in Mumbai.
Janus Corporation IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Janus Corporation IPO
The Company is engaged in the business of Civil Construction, land and site development, land filling, fencing walls, erection of hoardings etc. Janus Corporation Company is diversified business company with Construction, Media, Consulting and Trading as their primary segments based in Mumbai.
Company is also engaged in the business of trading of various construction related materials such as cements, iron & steel, sand, soil, aluminum etc. Janus Corporation IPO comprises Public Issue of 15,99,000 equity shares of face value Rs.10 each .
From FY 2013-14 to FY 2018-2019, as per the Restated Financial Statements,
- Net Worth of the Company is Rs. 858.82 Lakhs.
- Net Asset Value per Equity Share of Rs. 10 of the Company.
The Promoters of this company are Lemon Management Consultancy Private Limited and Sachin B. Puri. The lead manager to the issue are First Overseas Capital Limited and the Registrar to this issue is Bigshare Services Private Limited.
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Janus Corporation IPO Date
The opening and the closing date of Janus Corporation IPO is Jan 27 – Jan 30, 2020.
Janus Corporation IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – Jan 27 | 0.72x | 0.07x | 0.39x |
| 2nd Day – Jan 28 | 0.80x | 0.75x | 0.77x |
| 3rd Day – Jan 29 | 0.91x | 1.03x | 0.96x |
| 4th Day – Jan 30 | 1.03x | 1.48x | 1.26x |
| Shares Offered or Net Issue | 759,000 | 759,000 | 1,518,000 |
The shares subscribed by the public will be updated here.
Janus Corporation 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.
Janus Corporation IPO Listing Date
Below are the important dates / IPO events:
| Basis of Allotment Finalization | Feb 4, 2020 |
| Refunds Initiation | Feb 5, 2020 |
| Credit of Shares to Demat Account | Feb 6, 2020 |
| Share Listing Date | Feb 7, 2020 |
Janus Corporation IPO Cash Price
The face value of each share is Rs 10, and the cash price of the IPO is not Rs 50.
Janus Corporation IPO Size
The Janus Corporation IPO comprises Public issue of 15,99,000 Equity Shares of face value of Rs 10.00 each of our Company for cash at a price of Rs 50 per Equity Share (including a share premium of Rs 40 per Equity Share) aggregating to Rs 799.50 lakhs.
Janus Corporation IPO Share Offer
NET ISSUE: The Issue (excluding the Market Maker Reservation Portion) of 15,18,000 Equity Shares of face value of Rs 10.00 each at an Issue Price of Rs 50 per equity share aggregating to Rs 759.00 lakhs.
Janus Corporation Limited – Company Overview
Company is diversified business company with Construction, Media, Consulting and Trading as their primary segments based in Mumbai. The Company is engaged in the business of Civil Construction, land and site development, land filling, fencing walls, erection of hoardings etc.
The Company is also engaged in the business of trading of various construction related materials such as cements, iron & steel, sand, soil, aluminum etc. They have undertaken supplies of material for various projects by known developers. They also provide construction and projects related consulting to various clients.
Their Construction Management Consultancy include Site Management, Construction Supervision & Management, Safety Management, Safety audits, safety systems & processes, Safety documentation amongst others.
From the initial concept to project closeout, they assist their clients in facilitating and coordinating the construction process to mitigate complex problems.
The Company is promoted by Lemon Management Consultancy Private Limited and Sachin B. Puri and are the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Janus Corporation Limited:
- Diversified Business Model
- Financial resources
- Quality
Business strategies of Janus Corporation Limited:
- Focus on Increase in Volume of Sales
- Increase geographical presence
- Continue to build-up a professional organization
- Continue to develop client relationships
- Capture the high growth opportunities in the India Infrastructure sector
Janus Corporation 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)
| PARTICULARS | 31-Aug-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | 31-Mat-16 |
| Total Assets | 960.49 | 958.37 | 858.82 | 687.09 | 389.83 |
| Total Revenue | 1,072.71 | 1,714.04 | 2515.60 | 1281.98 | 672.78 |
| Total Expense | 989.68 | 1604.58 | 2426.10 | 1204.77 | 627.86 |
| Profit After Tax | 29.19 | 48.04 | 22.05 | 42.94 | 19.21 |
Earnings per Equity Share (in Lakhs)
| 31-Aug-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Basic & Diluted | 0.71 | 1.16 | 0.53 | 1.08 |
From the above statements, one could find that the Janus Corporation Limited may perform well.
Janus Corporation IPO – Promoters
The Promoters of this company are:
- Lemon Management Consultancy Private Limited
- Sachin B. Puri
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.
Janus Corporation IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Issued: Public Issue of Equity Shares by the Company |
Issue of 15,99,000 Equity Shares having face value of Rs 10.00 each at a price of Rs 50.00 per Equity Share (including a share premium of Rs 40.00 per Equity share) aggregating Rs 799.50 lakhs |
| of which | |
| Issue Reserved for the Market Makers | Issue of 81,000 Equity Shares having face value of Rs 10.00 each at a price of Rs 50.00 per Equity Share aggregating Rs 40.40 lakhs |
| Net Issue to the Public* | Issue of 15,18,000 Equity Shares having face value of Rs 10.00 each at a price of Rs 50.00 per Equity Share aggregating Rs 759.00 lakhs |
| Of which | |
| A. Selling Shareholder | 7,59,000 Equity Shares having face value of Rs 10.00 each at a price of Rs 50.00 per Equity Share aggregating Rs 379.50 lakhs will be available for allocation to Retail Individual Investors |
| B. Selling Shareholder | 7,59,000 Equity Shares having face value of Rs 10.00 each at a price of Rs 50.00 per Equity Share aggregating Rs 379.50 lakhs will be available for allocation to other than Retail Individual Investors |
| Equity Shares outstanding prior to the Issue |
41,40,000 Equity Shares |
| Equity Shares outstanding after the Issue |
57,39,000 Equity Shares |
Janus Corporation IPO Issue Object
These are the IPO Issue Objects of the company
- Augmenting additional working capital requirements
- General Corporate Purposes
Janus Corporation 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:
- Diversified Business Model
- Financial resources
- Quality
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 1.26 | 5.65 | – |
| 31-Mar-17 | 1.08 | 8.90 | – |
| 31-Mar-18 | 0.53 | 4.37 | 12.19 |
- Competitive Peers:
| Sr. No. | Particulars | Face Value (in Rs.) | Basic EPS (In Rs.) | P/E Ratio |
| 1. | Bharat Road* | 10 | 4.3 | 31.20 |
| 2. | Shristi Infra* | 10 | 1.1 | 136.0 |
| 3. | Shervani Indl Sy* | 10 | 123.4 | 6.4 |
| 4. | Janus Corporation Limited** | 10 | 0.53 | 93.89 |
Janus Corporation 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 Fax No: +91 22 4050 9900 Email: satish@focl.in / mala@focl.in Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in SEBI Registration No: INM000003671 Contact Person: Satish Sheth / Mala Soneji |
Janus Corporation 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 – 400 059, Maharashtra, India Tel. No.: +91 22 6263 8200 Fax. No.: +91 22 6263 8299 Email: ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Website: www. bigshareonline.com SEBI Registration No.: INR000001385 Contact Person: Vipin Gupta |
Janus Corporation IPO – Other Details
- Statutory Auditor – M/s. J H Ghumara & Co., Chartered Accountants.
- Peer Review Auditor – M/s. Choudhary Choudhary & Co.
- Bankers to the Company – Bank of Maharashtra
Janus Corporation IPO Review by Top 10 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 |
Janus Corporation IPO Grey Market Premium
The Janus Corporation IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Janus Corporation IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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