M K Roy & Bros Projects IPO – Allotment, Subscription, GMP & DRHP

MKRoy 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

M K Roy & Bros Projects IPOMK 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.


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

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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 [●]

 


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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:
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:

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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M K Roy & Bros Projects IPO News

News 1 – IPO ISSUE OPENS SOON [Download Prospectus]


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