Janus Corporation IPO – Review, Allotment, Subscription, GMP & DRHP

Let’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.

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Janus Corporation 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 Janus Corporation IPO

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 / DateNIIRIITotal Subscription
1st Day – Jan 27 0.72x0.07x0.39x
2nd Day – Jan 280.80x0.75x0.77x
3rd Day – Jan 290.91x1.03x0.96x
4th Day – Jan 301.03x1.48x1.26x
Shares Offered or Net Issue759,000759,0001,518,000

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 FinalizationFeb 4, 2020
Refunds InitiationFeb 5, 2020
Credit of Shares to Demat AccountFeb 6, 2020
Share Listing DateFeb 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)

PARTICULARS31-Aug-1931-Mar-1931-Mar-1831-Mar-1731-Mat-16
Total Assets960.49958.37858.82687.09389.83
Total Revenue1,072.711,714.042515.601281.98  672.78
Total Expense989.681604.582426.101204.77627.86
Profit After Tax29.1948.0422.0542.94 19.21

Earnings per Equity Share (in Lakhs) 

31-Aug-1931-Mar-1931-Mar-1831-Mar-17
Basic & Diluted0.711.160.531.08

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 EPSRONW (%)NAV (Rs.)
31-Mar-161.265.65
31-Mar-171.088.90
31-Mar-180.534.3712.19
  • Competitive Peers:
Sr. No. ParticularsFace Value  (in Rs.)Basic EPS (In Rs.)P/E Ratio
1.Bharat Road* 104.331.20
2.Shristi Infra*101.1136.0
3.Shervani Indl Sy*10123.46.4
4.Janus Corporation Limited**100.5393.89

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 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

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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