M K Roy & Bros Projects IPO – Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022MKRoy Bros Projects is well known name in construction / fabrication of Petroleum Storage Tanks (Vertical Cone Roof, Floating Roof and Horizontal UG Tank), Fire Hydrant pipeline, Foam system, Sprinkler system TDW & TLF gantry, other supply of materials and other industrial structures all over India with a number of reputed clients across the country . M K Roy & Bros Projects IPO comprises public Issue of 6,53,000 Equity Shares of Rs.10/- each at a price of Rs. [●]/- per Equity Share.
Let’s have a detailed review of the company and analytics of the M K Roy & Bros Projects IPO release date, IPO offer price, subscription, M K Roy & Bros Projects IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
M K Roy & Bros Projects 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 | 7.1/10 |
| Retail Appetite | 7.2/10 |
| Top Brokers Review | 7.2/10 |
| Overall Ratings | 7.9/10 |
| Star Ratings | ★★★★☆ |
Summary of M K Roy & Bros Projects IPO
MK Roy Bros has executed projects on Engineering, Procurement and Construction (EPC) basis. Initial public offer of up to 6,53,000 Equity Shares of Rs. 10 each at an Offer Price of Rs. [●] per Equity Share for cash aggregating up to Rs.[●] lakhs.
From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements,
- EBITDA for the period ended September 30, 2018 were Rs.399.24 Lakhs.
- The net asset value per Equity Share was Rs.79.25,Rs.62.87 and Rs.52.89 lakhs as on March 31, 2018, March 31, 2017 and March 31, 2016 respectively.
The Promoters of this company are Mr. Mihir Kumar Roy and Mrs. Sulekha Roy. The lead manager to the issue is CORPORATE CAPITAL VENTURES PRIVATE LIMITED and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
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M K Roy & Bros Projects IPO Date
The opening and the closing date of M K Roy & Bros Projects IPO is not known yet.
M K Roy & Bros Projects IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 | ||||
| Day 2 | ||||
| Day 3 | ||||
| Day 4 | ||||
| Day 5 | ||||
| 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.
M K Roy & Bros Projects IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
M K Roy & Bros Projects IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
M K Roy & Bros Projects IPO Equity Share Offering
Initial public offer of up to 653000 Equity Shares of Rs. 10 each, at an Offer Price of Rs. [●] per Equity Share for cash aggregating up to Rs. [.] lakhs.
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MK Roy Bros Projects Limited – Company Overview
MK Roy Bros are well known name in construction / fabrication of Petroleum Storage Tanks (Vertical Cone Roof, Floating Roof and Horizontal UG Tank), Fire Hydrant pipeline, Foam system, Sprinkler system TDW & TLF gantry, other supply of materials and other industrial structures all over India with a number of reputed clients across the country. Company has executed projects on Engineering, Procurement and Construction (EPC) basis.
MK Roy design and construct custom shell and storage tank to meet a variety of industrial needs. In addition to meeting clients’ application specifications, their shell and tanks can be engineered, designed, and constructed to meet international standards. Their EPC Business provides integrated engineering, procurement and construction services primarily to the oil and gas sector. They believe they have developed core competencies in project management, design optimization and large-scale procurement and they seek to capture a significant portion of the EPC value chain through their execution expertise in construction services.
The Company is promoted by Mr. Mihir Kumar Roy and Mrs. Sulekha Roy and are the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of MK Roy Projects Limited:
- Qualified & Experienced Team.
- State of the art processing unit.
- Proven capabilities.
- Recognised and Established Customer Base.
- Ability to bring clients’ vision to a reality.
- Procurement of Raw Materials.
- Technology, research and development and know-how.
Business strategies of MKRoy Bros Projects Limited:
- Enhance customer base by entering new geographies.
- Maintaining Quality Standards.
- Versatility in Product range
MKRoy Bros Projects 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:
On the basis of Standalone statement:-
| Amount (in INR & Lakhs) | ||||
| 31-Mar-16 | 31-Mar-17 | 31-Mar-18 | 30-Sept-18 | |
| Total Assets | 2,902.06 | 3,642.36 | 4,725.96 | 5040.55 |
| Total Revenue | 4,477.34 | 4,636.16 | 5,996.26 | 2,992.29 |
| Total Expense | 4,212.35 | 4,308.38 | 5,498.34 | 2,697.78 |
| Profit After Tax | 182.42 | 222.42 | 338.15 | 219.04 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-16 | 31-Mar-17 | 31-Mar-18 | 30-Sept-18 | |
| Basic & Diluted | 10.17 | 12.39 | 18.84 | 12.17 |
From the above statements, one could find that the MKRoy Bros Projects Limited may perform well.
M K Roy & Bros Projects IPO – Promoters
The Promoters of this company are:
- Mr. Mihir Kumar Roy
- Mrs. Sulekha Roy
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.
M K Roy & Bros Projects IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto 6,53,000* Equity Shares of face value of Rs. 10/- each fully paid-up for cash at price of Rs.[●] per Equity Share aggregating to Rs. [●] Lakhs |
| Reserved for Market Makers | Upto 33000 Equity Shares of face value of Rs. 10/- each |
| Net Issue to the Public | Upto 6,2,000 Equity Shares of face value of Rs.10/- each |
| Of which: | |
| Retail Investors Portion | Upto 3,10,000* Equity Shares of face value of Rs.10/- each fully paid-up for cash at price of Rs.[●] per Equity Share aggregating to Rs.[●] Lakhs |
| Non-Retail Investors Portion | Upto 3,10,000* Equity Shares of face value of Rs.10/- each fully paid-up for cash at price of Rs.[●] per Equity Share aggregating to Rs.[●] Lakhs |
| Equity Shares outstanding prior to the Issue | 17,99,400 Equity Shares |
| Equity Shares outstanding after the Issue | 24,52,400 Equity Shares |
M K Roy & Bros Projects IPO Issue Object
These are the IPO Issue Objects of the company
- Funding the Working Capital requirements of the Company:
- Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company; and
- General Corporate Purposes
M K Roy & Bros Projects 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:
- Qualified & Experienced Team
- State of the art machinery and equipment
- Proven capabilities
- Recognised and Established Customer Base
- Ability to bring clients’ vision to a reality
- Procurement of Raw Materials
- Technology, research and development and know-how
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 10.14 | 19.16 | 29.34 |
| 31-Mar-17 | 12.36 | 19.66 | 29.35 |
| 31-Mar-18 | 18.79 | 23.71 | 51.27 |
- Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. 10 each
| Particulars | P/E ratio |
| Highest | [●] |
| Average | [●] |
| Lowest | [●] |
M K Roy & Bros Projects IPO Lead Managers
| Lead Managers |
| CORPORATE CAPITAL VENTURES PRIVATE LIMITED SEBI Registration No.: MB/INM000012276 160 L.G.F., Vinoba Puri, Lajpat Nagar –II, New Delhi- 110024 Tel No.: +91-11-41704066 Contact Person: Mr. Tushar Shukla / Mr. Pramod Negi E-mail: info@ccvindia.com Website: www.ccvindia.com |
M K Roy & Bros Projects IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED SEBI Registration No.: INR000003241 D-153 A, 1st Floor, Okhla Industrial Area, Phase – I , New Delhi-110020 Tel No: +91- 11-26812682; Fax No: +91-11-26812683 Contact Person: Mr. Virender Rana Website: www.skylinerta.com Email: virenr@skylinerta.com |
Other Details:
- Statutory Auditor – JAIN SINGH & CO., Chartered Accountants
- Legal Advisor – Ms. TITASH MUKHERJEE, Advocate
- Bankers to the Company – DENA BANK
M K Roy & Bros Projects 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 |
M K Roy & Bros Projects IPO Grey Market Premium
The M K Roy & Bros Projects 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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