Khator Technical Textiles IPO – Review, Allotment, Subscription & DRHP
Last Updated Date: Nov 17, 2022Khator Technical Textiles Limited manufacturers high quality Needle punched Nonwoven Geotextile with the most sophisticated equipment and processes having a wide range of applications in various industries such as automobile, geotextile, filtration, upholstery, etc. Nonwoven Geotextile are manufactured using the ‘dry-laid needle-punch’ technology with thermal treatments like IR bonding, and calendaring to meet specific requirements.. Khator Technical Textiles IPO comprises of 35,12,000 Equity shares, face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Khator Technical Textiles IPO release date, IPO offer price, subscription, Khator Technical Textiles IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Khator Technical Textiles 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 Khator Technical Textiles Limited IPO
Khator Technical Textiles Limited Company manufacturers high quality Needlepunched Nonwoven Geotextile with the most sophisticated equipment and processes having a wide range of applications in various industries such as automobile, geotextile, filtration, upholstery, etc. Nonwoven Geotextile are manufactured using the ‘dry-laid needle-punch’ technology with thermal treatments like IR bonding, and calendaring to meet specific requirements. The Issue comprises of a Public Issue of 35,12,000 Equity shares of face value of Rs.10.00 each fully paid up.
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.
For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 2,701.00 Lakhs, Rs. 2,472.37 Lakhs and Rs. 2,091.05 Lakhs, respectively representing growth of 29.1% from the FY 2015-16 to FY 2016-17. For the period ended March 31, 2017, FY 2016-17 and FY 2015-16 our net profit was Rs. 315.21 Lakhs, Rs. 142.02 Lakhs and Rs.56.11 Lakhs, respectively, representing a growth of 141 % from the FY 2015-16 to FY 2017-18.
- During the financial year 2017-18 the Other Income of our company increased to Rs. 117.10 Lakhs as against Rs.97.24 Lakhs for the financial year 2016-17, representing increase by 21% due to increase in interest income & insurance claim in FY 2017- 18.
- Company’s Net Profit after tax for the year 2016-17 is Rs.237.05 Lakhs from the year 2015-16 of Rs. 123.54 Lakhs showing an increase of 91.88% from last year, showing remarkable performance.
The Promoter of this company is Mr. Amit Kailash Khator and Mrs. Jasoda Kailash Khator. The lead manager to the issue is Mark Corporate Advisors Private Limited and the Registrar to this issue is Bigshare Service Private Limited .
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Khator Technical Textiles IPO Date
The opening and the closing date of Khator Technical Textiles Limited IPO is not known yet.
Khator Technical Textiles IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
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| 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.
Khator Technical Textiles IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Khator Technical Textiles IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Khator Technical Textiles IPO Equity Share Offering
35,12,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .
Khator Technical Textiles Limited – Company Overview
Khator Technical Textiles Limited Company manufacturers high quality Needlepunched Nonwoven Geotextile with the most sophisticated equipment and processes having a wide range of applications in various industries such as automobile, geotextile, filtration, upholstery, etc. Nonwoven Geotextile are manufactured using the ‘dry-laid needle-punch’ technology with thermal treatments like IR bonding, and calendaring to meet specific requirements.
The Company has in-house testing laboratory to test raw materials to match the quality standards. Before commencement of the manufacturing process, the raw materials purchased by the Company have to undergo a quality check, to ensure that they are of relevant quality and match the standards as specified.
The Company is promoted by Mr. Amit Kailash Khator and Mrs. Jasoda Kailash Khator and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Khator Technical Textiles Limited :
- Strong Technological Capabilities
- Location Advantage
- Qualified and well experienced team
- Wide Customer base
- Products developed for various end use applications
Business strategies of Khator Technical Textiles Limited :
- Further widening of our customer base
- Reduction of operational costs and achieving efficiency
- To build-up a professional organization
- Focus on cordial relationship with our Suppliers, Customer and employees
- Optimal Utilization of Resources
- Adding Products to the Geosynthics basket
Khator Technical Textiles 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-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 3,216.62 | 2,738.91 | 2,457.04 | 2,102.33 | 1,751.15 |
| Total Revenue | 2,701.00 | 2,472.37 | 2,091.05 | 1,159.26 | 37.89 |
| Total Expense | 2,385.79 | 2,330.35 | 2,034.94 | 1,157.96 | 43.22 |
| Profit After Tax | 237.05 | 123.54 | 38.57 | 0.89 | (3.64) |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 6.67 | 13.90 | 4.34 |
From the above statements, one could find that the Khator Technical Textiles Limited may perform well.
Khator Technical Textiles IPO – Promoters
The Promoter of this company are:
- Mr. Amit Kailash Khator
- Mrs. Jasoda Kailash Khator
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.
Khator Technical Textiles IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 35,12,000 Equity Shares of face value of Rs. 10 each fully paid of the Company for cash at price of Rs. [●] per Equity Share aggregating Rs. [●] lakhs |
| Of which: | |
| Reserved for Market Makers | 1,77,600 Equity Shares of face value of Rs. 10 each fully paid of the Company for cash at price of Rs. [●] per Equity Share aggregating to Rs. [●]lakhs |
| Net Issue to the Public | 33,34,400 Equity Shares of face value of Rs. 10 each at a price of Rs. [●] per Equity Share to the Public |
| Of which: | |
| Retail Investors Portion | 16,67,200 Equity Shares of face value of Rs. 10 each at a price of Rs. [●] per Equity Share |
| Non-Retail Investors Portion | 16,67,200 Equity Shares of face value of Rs. 10 each at a price of Rs. [●] per Equity Share |
| Equity Shares outstanding prior to the Issue | 42,94,774 Equity Shares |
| Equity Shares outstanding after the Issue | 78,06,774 Equity Shares |
Khator Technical Textiles IPO Issue Object
These are the IPO Issue Objects of the company
- Part financing for expansion of production capacity by way of setting up of an additional manufacturing facility of nonwovens geotextiles
- Up-gradation of existing manufacturing facility
- Meeting working capital requirement and
- General corporate purposes.
Khator Technical Textiles 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:
- Track Record of the Company
- Stringent quality control
- Leveraging the experience of our Promoter
- Experienced management team and a motivated and efficient work force
- Scalable Business Mode
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 4.34 | 15.68 | – |
| 31-Mar-17 | 13.90 | 33.43 | – |
| 31-Mar-18 | 6.67 | 39.08 | 17.07 |
- Competitive Peers:
| Particulars | Face Value (in Rs.) | EPS (In Rs.) | RONW(%) | EPS | P/E Ratio |
| Shri Jagdamba Polymers Ltd. | 1.00 | 50.06 | 37.57% | 18.81 | 12.68 |
| Garware Technical Fibres Ltd. |
10.00 | 244.95 | 19.61% | 48.04 | 27.11 |
| SRF Ltd. | 10.00 | 590.29 | 11.75% | 70.65 | 28.65 |
Khator Technical Textiles IPO Lead Managers
| Lead Managers |
| Mark Corporate Advisors Private Limited CIN: U67190MH2008PTC181996 404/1, The Summit Business Bay, Sant Janabai Road (Service Lane), Off W. E. Highway, Vile Parle (East), Mumbai-400 057. Contact Person: Mr. Manish Gaur Tel. No.: +91 22 2612 3207/08 E-Mail ID: smeipo@markcorporateadvisors.com SEBI Regn No.: INM000012128 Investor Grievance Email: investorgrievance@markcorporateadvisors.com |
Khator Technical Textiles IPO Registrar to offer
| Registrar to the Offer |
| Bigshare Service Private Limited 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makhwana Road, Marol, Andheri (E), Mumbai – 400059. Contact Person: Mr. Ashok S Shetty Tel No.: +91 22 2847 0652/4043 0200 E-Mail ID: ipo@bigshareonline.com SEBI Regn No.: INR000001385 |
Other Details:
- Statutory Auditor – S. R. Goyal & Co., Chartered Accountants
- Bankers to the Company – Central Bank of India
Khator Technical Textiles 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 |
Khator Technical Textiles IPO Grey Market Premium
The Khator Technical Textiles 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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