La Mclean India IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Let’s have a detailed review of the company and analytics of the La Mclean India Limited IPO release date, IPO offer price, subscription, La Mclean India IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.Stock Broker Complaints


La Mclean India IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.4/10
Industry Ranking7.1/10
Company Background8.1/10
Company Reputation7.7/10
Competitive Edge7.2/10
Financial Statements8.0/10
Popularity Index7.6/10
Promoters Reputation8.0/10
Retail Appetite7.5/10
Top Brokers Review8.1/10
Overall Ratings7.5/10
Star Ratings★★★★☆

Summary of La Mclean India IPO

La Mclean India IPO

McLean was founded as a proprietorship concern in the name of “Mclean” at Hyderabad, Telangana (then Andhra Pradesh) in the year 2000 for providing housekeeping and janitorial cleaning services.

They started their operations in the area of facilities management by providing Housekeeping services to Hospitality clients. Headquartered in Hyderabad, Telangana, they have their business operations spread across 9 states covering 24 cities across India.

With the transfer of business from proprietorship concern to an incorporated Company in the name and style of La Mclean India Private Limited, they have gradually evolved from a housekeeping and maintenance service provider to an integrated facility management and manpower service provider company with a pan-India network of operations.

From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements

  • From FY 2016-17 to FY 2018-19, as per their Restated Financial Statements, their total revenue has shown growth from Rs. 7673.97 lakhs to Rs. 8889.14 lakhs, representing a CAGR of 7.63%
  • Their EBITDA has shown growth from Rs.383.26 lakhs to Rs. 450.53 lakhs, representing a CAGR of 8.42%
  • Profit after tax has shown growth from Rs. 213.90 lakhs to a profit of Rs. 252.19 lakhs, representing a CAGR of 8.58%.
  • Their total revenue, EBITDA and Profit after tax were Rs. 4,962.06 lakhs, Rs. 230.98 lakhs and Rs. 135.35 lakhs for the period ended September 30, 2019.

The Promoters of this company are PREMANAND ESWARAPU AND PRIYA DARSHINI GAZDAR. The lead manager to the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED. The Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.



La Mclean India IPO Dates / Launch Date

The opening and the closing date of La Mclean India IPO is not known yet.


La Mclean India IPO Subscription 

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


La Mclean India 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.

La Mclean India IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

La Mclean India IPO Price Band / Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is [●]. 


La Mclean India IPO Size

This Initial Public Issue of 20,60,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakhs.


La Mclean India IPO Share Offering

Fresh Issue: The Fresh Issue of 20,60,000 Equity Shares by their Company of Rs.10 each at a price of [●] per equity share aggregating to Rs.[●] lakh,

Net Offer: The Net Offer of up to [●] Equity Shares of Rs.10 each at price of Rs.[●] per Equity Shares aggregating to Rs.[●] lakhs


La Mclean India Limited – Company Overview

They work across industries, delivering the broad range of services through tailor-made packages with budgeted outlays.

They extended their focus from hospitality sector in the initial years to IT, Software, BPOs & Pharma, Healthcare sectors in recent years. Further diversified their commercial services to warehouses, retail outlets, educational institutes, shopping malls and multiplexes, government organisations etc.

The company also initiated specialized services such as façade cleaning, Carpet and Upholstery cleaning etc. to widen their portfolio.

La Mclean India Brand and Focus Area

They provide their comprehensive B2B cleaning services under the brand name “McLean” and B2C cleaning services under brand name “McLean Max” which includes services such as general Home Cleaning Services, Deep Home Cleaning Services and business cleaning Services.

They have partnered with House Joy, Urban Clap, and Bro4u for the same as well. The company offers a range of Commercial / Industrial Cleaning Products under a brand name “McLean Pro” which includes Air Fresheners, Personal Care – Hand Wash, Surface Care, Glass Care, Toilet and Washroom Care.

Professional Security Services are offered under McLean Security & Intelligence Enterprise (McSIE). They are member of The International Facility Management Association, USA (IFMA) and Confederation of Indian Industry (CII).

They possess expertise and experience in providing commercial services to all facility types such as IT parks, Commercial Offices, Convention Centres, Hospitals, Automobile Showrooms, Hotels, Banks, etc.


La Mclean India IPO – Financial Statements

On the basis of Standalone statement:

Amount (in INR & Lakhs)
30-Sep-1931-Mar-19Mar-1831-Mar-17
Total Assets3,713.243,331.293,069.872,317.57
Total Revenue4,962.068,889.148,584.077,673.97
Total Expense4,776.088,532.238,282.697,354.12
Profit After Tax135.35252.19203.87213.90

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
30-Sep-19Mar-1931-Mar-1831-Mar-17
Basic & Diluted2.374.413.563.74

La Mclean India IPO – Promoters

The Promoters of this company are:

  • PREMANAND ESWARAPU
  • PRIYA DARSHINI GAZDAR

List of Related Parties (Key Managerial Personnel)

  • Sanjay Narsimham Chetluru, Chief Executive Officer
  • Hemambara Srinivasa Nagaraju Munagapati, Chief Financial Officer
  • Prinkle Talesara, Company Secretary & Compliance Officer

Interest in promotion of the Company

Their Promoters are interested in their Company to the extent that they have promoted their Company.


La Mclean India IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares OfferedUp to 20,60,000 Equity Shares, aggregating up to Rs.[●] lakhs
Consisting of:
Market Maker Reservation Portion[●] Equity Shares, aggregating up to Rs.[●] lakhs
Net Issue to the PublicUp to [●] Equity Shares, aggregating up to Rs.[●] lakhs
Of which:
QIB CategoryNo Shares
Retail Portion[●] Equity Shares aggregating up to Rs.[●] lakhs
Non-Institutional Portion[●] Equity Shares aggregating up to Rs.[●] lakhs
 Equity Shares outstanding prior to the Issue28,60,720 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

La Mclean India IPO Issue Object

Their Company proposes to utilise the Net Proceeds from the Issue (“Net Proceeds”) towards the following objects:

1. Funding the working capital requirement of the Company; and

2. General corporate purposes.

La Mclean India Limited: Competitive Strength

  • Integrated Facility Management Service Provider
  • Experienced Management
  • Wide range of Services
  • Diversified Client Portfolio
  • Quality services gaining Customer Satisfaction
  • Evolving with technological changes

La Mclean India Limited: Business strategies

  • Enhancing their existing customer base and continue to develop relationships
  • Increasing their geographical presence
  • Capitalize on the growth opportunities available in the Facilities Management Sector
  • Continuous Training and Skill Development Activities
  • Optimal utilization of resources

La Mclean India IPO – Basis of the Offer Price

The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.

Qualitative factors are:

  • Integrated Facility Management Service Provider
  • Experienced Management
  • Wide range of Services
  • Diversified Client Portfolio
  • Quality services gaining Customer Satisfaction
  • Evolving with technological changes

La Mclean India IPO – Quantitative Factors

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-173.7420.85
31-Mar-183.5616.58
*31-Mar-194.4117.0225.91
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.10 per each
ParticularsP/E ratio
Highest31.60
Average15.81
Lowest6.17

La Mclean India Limited: Competitive Peers

Face Value (Rs.)P/EBasic EPS  (Rs.)Return on Net Worth (%)NAV per share (Rs.)
La Mclean India Limited10[●]4.4117.0225.91
Listed Peers
Quess Corp Limited1031.6015.868.91177.63
Kapston Facilities Management Limited109.659.8424.6339.97
KHFM Hospitality And Facility Management Services Limited106.173.9912.7931.22

La Mclean India IPO Lead Managers

Lead Managers
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court,
Bandra Kurla Complex, Bandra East, Mumbai – 400
051, Maharashtra, India
Tel: +91-22 6194 6700
Fax: +91-22 2659 8690
Website:www.pantomathgroup.com
Email: ipo@pantomathgroup.com
Investor Grievance Id: ipo@pantomathgroup.com
Contact Person: Unmesh Zagade
SEBI Registration No:INM000012110

La Mclean India 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
Tel: +91 22 62638200
Fax: +91 22 62638299
Website: www.bigshareonline.com
Email: ipo@bigshareonline.com
Investor Grievance Id: investor@bigshareonline.com
Contact Person: Babu Raphael
SEBI Registration Number: INR000001385

Other Details:

  • Statutory Auditor – Narasimha Rao & Associates
  • Legal Counsel to the Company – M V KINI, LAW FIRM
  • Bankers to the Company – ICICI Bank Limited

La Mclean India 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

La Mclean India IPO Grey Market Premium

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