John Energy IPO – Review, Allotment Status, Subscription, Price, Date & more

John Energy IPO is a new IPO filed with SEBI on Feb 16th 2018. The Issue size of this IPO is Rs.350 Crore & they going with 16,77,744 equity shares in the market. In this Article, we will have a detailed John Enegry IPO Review along with in-depth analysis of their Allotment Status, IPO Subscription, IPO issue details, Company Background, Company Financials, IPO release date, IPO price band, Grey market pricing & more.


John Energy Ratings & Review

John Energy IPO Ratings & Review
Criteria Ratings
Industry Sentiments 7.1/10
Industry Ranking 7.2/10
Company Background 7.4/10
Company Reputation 7.2/10
Competitive Edge 7.9/10
Financial Statements 7.2/10
Popularity Index 7.2/10
Promoters Reputation 7.0/10
Retail Appetite 7.1/10
Top Brokers Review 7.1/10
Overall Ratings 7.2/10
Star Ratings ★★★☆☆

Summary – John Energy Limited IPO

John Green IPO is one of the latest IPO from John Green that is in compliance with the SEBI.

John Energy IPOJohn Green has announced that it is offering 16, 77,744 shares to raise an amount of Rs.350 crore. The fresh shares account for about Rs. 218 crores. The amount that is raised via this IPO would be used for repayment of the borrowings that the company had made earlier.

The equity shares would be listed both on the NSE as well as BSE. This announcement was made by Rakesh Jhunjhunwala who is the Company Secretary. He was behind the compiling of the draft that was let out on February 16. He is the compliance officer of the draft red herring prospectus (DRHP).

The company has been doing well and it is reflected in the profits it has made. In the FY 2016-2017, it has made over Rs 71 crores as profit as tax over which is very much higher than the profit after tax over that was made in 2015-2016 of Rs 29 crores.

Keynote Corporate Service and IDFC are the managers of this public issue. Jhunjhunwala holds about 18.21% stake in the company and ICICI holds about 4.47% stake in the company.

The Energy Giant has hired 2 Lead Managers i.e. IDFC bank Limited & Keynote Corporate service limited. While their Registrar to the offer is Link Intime India Private Limited.


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John Energy IPO date

The IPO date has not been released yet.

John Energy IPO Subscription

Subscription
Day 1 X
Day 2 X
Day 3 X
Day 4 X
Day 5 X

The IPO issue data has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.

John Energy IPO Allotment Status

Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.

John Energy IPO Price Band

The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

The face value of each equity share is Rs 10 each and the Offer Price would be [●] times the Face Value at the lower end of the Price Band and [●] times the Face Value at the higher end of the Price Band.

John Energy IPO Issue Size

The John Energy IPO issue size is Rs 350 crores.

John Energy IPO Equity Shares Offerings

The equity shares will be listed after the issues get approval from the SEBI. Although the speculated number is out with 16,77,744 Equity Shares in offering.



John Energy Limited – Company Overview

John Energy is a company that is based in Mehsana Gujarat. The company is more than 30 years old. It provides equipment to the upstream and midstream Oil & Gas Industry. The company provides services like on-shore drilling, workover, Natural gas Compressing and Natural Gas Conditioning, Completion services.

Oil & Gas company that began with providing equipment alone later ventured into servicing the oil and gas companies too. The company has a fleet of 34 rigs and 15 workover rigs, 19 drilling, Multiple gas compression packages, multiple gas conditioning packages etc., The proceeds of the announced IPO will be taken in for the on-shore drilling. The excellent training facility is another great part of the firm.

The 1400+ workforce capacity is a great plus for the firm. They are highly qualified and well trained to handle the services of the company with perfection. The firm has customers worldwide, right from the North West Africa to the countries of the Gulf Co-operation Council.

It is an Indian Company that was started in the year 1987 that has captured a huge customer base in the middle east by Kuwait Oil Company. The company constantly aims to leverage the technical and the safety leadership by providing some of the best services to the drilling projects of its customers.

Key Members of the Company

  • Maheshkumar N Vyas (Chairman & MD)
  • Dilipkumar N Vyas (Whole-time Director)
  • Chiragkumar M Vyas (Whole-time Director)

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John Energy Limited –Financial Statement

Have a look at the Financial Stability of the company before you invest in it.

Assets of the Company

Assets (in INR & Millions)
  Mar’17 Mar’16 Mar’15 Mar’14 Mar’13
Non-Current Asset 11721 10896 10575 9441 8867
Current Asset 3080 2997 2986 2837 3699
Total Asset 14801 13893 13561 12278 12566

Revenue & PAT of the Company

Revenue & Profits (in INR & Millions)
  Mar’17 Mar’16 Mar’15 Mar’14 Mar’13
Total Revenue 5818 5651 5148 5219 4413
Profit after Tax (PAT) 714 291 336 563 428

Earning per Equity Share

Earning per Equity Share (in INR)
  Mar’17 Mar’16 Mar’15 Mar’14 Mar’13
Basic 39.46 16.55 19.16 32.05 24.08
Diluted 39.46 15.82 18.31 30.44 22.84

The Oil and Gas Company has grown tremendously in the past few years and it is evident from the above data.


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John Energy Limited Promoters

The following are the Promoters of the company

  • Maheshkumar N. Vyas
  • Dilipkumar N. Vyas and
  • John Oil and Gas Limited

Interest of Promoters

The interest of Promoters in the promotion of the company

The Promoters are interested in the Company to the extent that they have promoted the Company and to the extent of their shareholding, held directly and indirectly, and the dividend payable if any, and other distributions in respect of the Equity Shares held by them.

The interest of promoters in the property of the company

The Promoters have no direct or indirect interest in any property acquired in the two years preceding the date of this Draft Red Herring Prospectus or proposed to be acquired by our Company within the two years from the date of filing of this Draft Red Herring Prospectus, or in any transaction by the Company for acquisition of land, construction of building or supply of machinery.


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John Energy IPO Offer Details or Issue Details

Offer Up to [●] Equity Shares aggregating to ₹ [●] million
of which:
Fresh Issue Up to [●] Equity Shares aggregating up to ₹ 2,180 million
Offer for Sale Up to 1,677,744 Equity Shares aggregating up to ₹ [●] million
A) QIB Portion Not more than [●] Equity Shares
of which
Anchor Investor Portion  Up to [●] Equity Shares
Balance available for allocation to QIBs other than Anchor Investors (assuming Anchor Investor Portion is fully subscribed) [●] Equity Shares
of which
Available for allocation to Mutual Funds only (5% of the QIB Portion (excluding the Anchor Investor Portion)) [●] Equity Shares
Balance of QIB Portion for all QIBs including Mutual Funds [●] Equity Shares
B) Non – Institutional Portion  Not less than [●] Equity Shares
C) Retail Portion Not less than [●] Equity Shares

The Equity Shares offered by the Oil & Gas giant has not been officially released yet. Speculations are that they will release 16.77 lakh shares for public issue.


John Energy IPO Issue Object

Here are the Objects of John Energy IPO Issue

  • Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company
  • General corporate purposes
  • Avail the benefits of Stock Exchange Listings

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John Energy IPO – Basis of the Offer

The Offer Price will be determined by the Company, in consultation with the BRLMs, on the basis of assessment of market demand for the Equity Shares offered through the Book Building Process and on the basis of quantitative and qualitative factors as described below

Qualitative Factors

  • Being one of the leading Oil & Gas service providers with a focus on upstream services
  • Strong project execution capabilities and significant equipment base suited to diverse and challenging operating conditions
  • Established relationships with major upstream players
  • Experience in executing contracts outside of India
  • Track record of operating in varied conditions and with focus on quality and high operating standards Strong order book and
  • Strong management and skilled resource pool

Quantitative Factors

Some of the quantitative factors which may form the basis for computing the Offer Price are as follows

  • Basic and Diluted Earnings Per Share (“EPS”)
  • Price/Earning (“P/E”) ratio in relation to Price Band
  • Industry Peer Group P/E ratio
  • Return on Net Worth (“RoNW”)
  • Minimum Return on Increased Net Worth after Offer needed to maintain Pre-Offer EPS for the year ended March 31, 2017
  • Net Asset Value (“NAV”) per Equity Share of face value of ₹ 10 each
  • Comparison with Listed Industry Peers
  • The Offer Price will be [●] times of the face value of the Equity Shares

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John Energy IPO Lead Managers

Lead Managers
IDFC BANK LIMITED
KEYNOTE CORPORATE SERVICES LIMITED

John Energy IPO Registrar of the Offer

Registrar of the Offer
Link Intime India Private Limited

John Energy IPO Review by Top 10 Stock Brokers

Here is what all major stock broker & their research analyst has to say about this IPO

Top Stock Brokers Review Company Repu-tation Compe-titive Edge Finan-cial State-ment Popu-larity Index Promo-ters Repu-tation
Angel Broking 7.2/10 7.7/10 7.1/10 7.0/10 7.1/10
Sharekhan 7.2/10 7.4/10 7.2/10 7.1/10 7.4/10
Kotak Securities 7.3/10 7.5/10 7.0/10 7.1/10 7.3/10
ICICI Direct 7.3/10 7.3/10 7.2/10 7.4/10 7.4/10
IIFL 7.5/10 7.5/10 7.2/10 7.0/10 7.5/10
Edelweiss 7.5/10 7.4/10 7.1/10 7.3/10 7.2/10
Zerodha 7.4/10 7.4/10 7.1/10 7.1/10 7.5/10
5Paisa 7.1/10 7./10 7.3/10 7.5/10 7.3/10
Karvy 7.4/10 7.3/10 7.1/10 7.6/10 7.1/10
Motilal Oswal 7.1/10 7.5/10 7.0/10 7.3/10 7.4/10

John Energy IPO Grep Market Premium

The John Energy IPO Grey Market Premium will be announced two weeks before the price of the issue is announced.


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John Energy IPO News

News 1 – Rakesh Jhunjhunwala-backed John Energy to file for Rs300 crore IPO


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