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.Open Demat Account - Offers


M K Roy & Bros Projects IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.1/10
Retail Appetite7.2/10
Top Brokers Review7.2/10
Overall Ratings7.9/10
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 / DateQIBNIIRIITotal 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-1631-Mar-1731-Mar-1830-Sept-18
    Total Assets2,902.063,642.364,725.965040.55
    Total Revenue4,477.344,636.165,996.262,992.29
    Total Expense4,212.354,308.385,498.342,697.78
    Profit After Tax182.42222.42338.15219.04

    Earnings per Equity Share (in Lakhs)

    31-Mar-1631-Mar-1731-Mar-1830-Sept-18
    Basic & Diluted10.1712.3918.8412.17

    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 PortionUpto 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 Issue17,99,400 Equity Shares
     Equity Shares outstanding after the Issue24,52,400 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 EPSRONW (%)NAV (Rs.)
    31-Mar-1610.1419.1629.34
    31-Mar-1712.3619.6629.35
    31-Mar-1818.7923.7151.27
    • Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. 10 each
    ParticularsP/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 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

    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

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