Nakoda Group IPO is launching on 23rd May 2018. The issue size of this IPO is Rs.6.48 Cr. In 2017, the company generated revenue of around Rs 553.58 lakhs, out of which 61.36% is generated from Exporting and 38.64% is from India (in-house).
Let’s have a detailed review of steel product company and an in-depth analysis of the IPO release date, IPO offer price, Nakoda Group IPO subscription, Nakoda Group IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Nakoda Group IPO Review & Ratings
|Nakoda Group IPO Ratings & Review|
|Top Brokers Review||6.9/10|
Summary of Nakoda Group IPO
The company is the manufacturer of Tutti Fruity (Dried Papaya) and also in the processing of sesame seeds, cutpeel murabba, karonda, clove, daalchini, toor daal and almonds for canned fruit cubes. The company is issuing 18,52,000 Equity Shares of face value of Rs.10/- each fully paid of the Company for cash at price of Rs.35/- per Equity Share aggregating Rs.648.20 lakhs.
The fruit pulp and concentrates; bakery ingredients; processed foods including both vegetables & fruits; agro commodities Industry is analysed in the light of Food Processing Industry at large. An appropriate view on Food Processing Segment then, calls for the overall economy outlook, performance and expectations of Manufacturing Sector, position and outlook of Food Processing Industry and dehydrated vegetables segment micro analysis.
The Promoters of this company are: PRAVIN CHOUDHARY and JAYESH CHOUDHARY. The lead manager to the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
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Nakoda Group IPO Date
The opening and the closing date is 23 May 2018 – 29 May 2018.
Nakoda Group IPO Subscription
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Nakoda Group IPO Allotment Status
The details of allotment of shares made by the company to the public will be updated herein once the company is through with the allotment process.
Nakoda Group IPO Price Band
The face value of each share is Rs 10 and the Issue Price is Rs 35 Per Equity Share.
Nakoda Group IPO Issue Size
The Issue Size is 1,852,000 Equity Shares of Rs 10 aggregating up to Rs 6.48 Crores.
Nakoda Group IPO Equity Share Offerings
1,852,000 Equity Shares of Rs 10/- each and Issue Price is Rs 35 per Equity Share so it will be aggregated to Rs 6,48,20,000.
Nakoda Group of Industries Limited – Company Overview
The company was incorporated in the year 2013. Nakoda is the manufacturer of tutti fruity and also canned fruit cubes. Apart from this they are engaged in the processing of sesame seeds, cutpeel murabba, karonda, clove, daalchini, toor daal and they also process almonds that are imported from California and Middle East countries. Around 45.93% of the revenue is generated from almond processing, 23.92% of revenue from tutti fruity manufacturing and 30.14% from trading.
The total revenue generated is around Rs 553.58 lakhs, out of which 61.36% is generated from Exporting to London, Malaysia, Middle East countries and 38.64% is from India. Nakoda Group of Industries Limited took over the running business of M/s. Navkar Processors on 18 July 2016. The company is promoted by Pravin Choudary and Jayesh Choudary.
Pravin Choudhary has more than two decades of experience in food processing industry and Jayesh Choudary has played a key role in automation of the plant and developing and maintaining quality standards for the manufacturing unit.
Competitive Strengths of Nakoda Group of Industries Limited:
- Export oriented business
- Presence of established distribution networks
- Experienced promoters and team
Business strategies of Nakoda Group of Industries Limited:
- Growing the product reach
- Improve and increase operational efficiencies
- Strengthening marketing capabilities
- Expand the Business in new location
Nakoda Group of Industries 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:
Assets of the Company
Assets (in INR & Lakhs)
Revenue & PAT of the Company
Revenue and Profit (in lakhs)
Earnings per Equity Share (in Lakh)
From the above statements, one could find that the Nakoda Group of Industries Limited can performed well in few years.
Nakoda Group IPO – Promoters
The Promoter of this company are:
- PRAVIN CHOUDHARY
- JAYESH CHOUDHARY
The interest of Promoters in the Promotion of the company
Promoters are interested in the Company to the extent that they have promoted the Company and
to the extent of their shareholding and the dividend receivable, if any and other distributions in respect
of the Equity Shares held by them. The Promoters may also be deem to be interested in the Company to the extent of their shareholding/ interest in ventures promoted by them with which our Company transacts during the course of its operations.
Other Ventures of the Promoters
Save and except as disclosed in the section titled ― The Promoter and Promoter Group and ―Group
Companies beginning on page 154 of this Prospectus, there are no ventures promoted by the
Promoter in which they have any business interests / other interests.
Nakoda Group IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Issue of Equity Shares by the Company||18,52,000 Equity Shares of face value of Rs.10/- each fully paid of the Company for cash at price of Rs.35/- per Equity Share aggregating Rs.648.20 lakhs|
|Market Maker Reservation Portion||1,00,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 35/- per Equity Share aggregating Rs.35.00 lakhs|
|Net Issue to the Public||17,52,000 Equity Shares of face value of Rs.10/- each fully paid of the Company for cash at price of Rs. 35/- per Equity Share aggregating Rs. 613.20 lakhs|
|Retail Investors Portion||8,76,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 35/- per Equity Share aggregating Rs. 306.60 lakhs will be available for allocation for allotment to Retail Individual Investors of up to Rs. 2 lakhs|
|Non-Retail Investors Portion||8,76,000 Equity Shares of face value of Rs. 10 /- each
fully paid of the Company for cash at price of Rs. 35/-
per Equity Share aggregating Rs.306.60 will be
available for allocation to investors above Rs. 2 lakhs
|Equity Shares outstanding prior to the Issue||50,00,000 Equity Shares|
|Equity Shares outstanding after the Issue||68,52,000 Equity Shares|
Nakoda Group IPO Issue Object
These are the IPO Issue Objects of the company
- Purchase of Plant and Machinery
- To make up for the general corporate expenses of the company
- Working Capital Requirement
These are the main reasons why the IPO is being floated by the company.
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Nakoda Group 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:
- Keeping up pace with changing Technology trends
- Widespread domestic presence and distribution network
- Quality Assurance
- Complimentary product mix
- Expected High Operating Efficiency
- Experienced Core Management Team
The relevant quantitative factors are:
- Basic and Diluted Earnings per Share (EPS) for the nine months ended December 31, 2017 was 2.75 .
- P/E ratio based on Basic & Diluted EPS for FY 2016-17 12.73.
- Return on Net Worth- RoNW for the nine months period ended March 31, 2017 was 8.50%.
- Minimum Return on Total Net Worth post Issue needed to maintain Pre Issue EPS for the year ended March 31, 2017 is 19.96%
- Net Asset Value per Equity Share as of March 31, 2017 is 10.86 .
- Comparison of Accounting Ratios with Peer Group Companies
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Nakoda Group IPO Lead Managers
|PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED|
Nakoda Group IPO Registrar to offer
|Registrar to the Offer|
|Bigshare Services Private Limited.|
Nakoda Group IPO Review by Top 10 Stock Brokers
|Top Stock Brokers Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promters Reputation|
The ratings would be updated once the financials and the other details of the IPO are released.
Nakoda Group IPO Grey Market Premium
The Nakoda Group IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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