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Let’s have a detailed review of the company and analytics of the Nilshikhaa Projects Limited IPO release date, IPO offer price, subscription, Nilshikhaa 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


Nilshikhaa Projects Limited IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.1/10
Company Background7.3/10
Company Reputation7.2/10
Competitive Edge7.7/10
Financial Statements7.1/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.1/10
Top Brokers Review7.9/10
Overall Ratings7.4/10
Star Ratings★★★★☆

Summary of Nilshikhaa Projects Limited IPO

Nilshikhaa Projects Limited IPO They are in the business of Engineering, Procurement and Construction (“EPC”) contracting focused on power sector. Company undertake turnkey projects of government and private institutions under the various Central and state government electrification schemes. EPC business primarily operates in the sector of Transmission and Distribution (T&D) under the power infrastructure space.

Company has undertaken various contracts for Transmission and Distribution from government enterprises such as Madhya Pradesh Paschim Kshetra Vidyut Vitran Company Limited (MPPKVVCL), Madhya Pradesh Madhya Kshetra Vidyut Vitran Company Limited (MPMKVVCL) Maharashtra State Electricity Transmission Company Limited (MSETCL) and NTPC Limited under Government funded schemes.

The total order book as on August 31, 2019 stood at Rs. 13,113.00 Lakhs consisting of 12 projects, of which 7 are Power transmission projects and 5 are Power distribution project.

The Promoters of this company are Nilshikhaa Projects Limited and Communication Limited IPO is GURU PRASANNA SAHOO, ARVIND KUMAR TRIPATHI, JAGDISH KUMAR AND SHIVANANDA.

The lead managers to the issue are PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED,  and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.


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    Nilshikhaa Projects IPO Date

    The opening and the closing date of the Nilshikhaa Projects Limited IPO are not known yet.


    Nilshikhaa Projects IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    1st Day – 
    2nd Day – 
    3rd Day – 
    4th Day – 
    5th Day – 
    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.


    Nilshikhaa Projects IPO Allotment Status

    Here, you can find the Allotment Status of this IPO.

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

    Nilshikhaa Projects IPO Price Band or Cash Price

    Rs. [•] per Equity Share


    Nilshikhaa Projects IPO Issue Size

    Rs. [•] per Equity Share


    Nilshikhaa Projects IPO Size or Equity Share Offering

    The Issue size comprises issuance of up to 75,00,000 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.


    Nilshikhaa Projects Limited – Company Overview

    Company was originally formed as Partnership firm in the name and style of M/s. Nilshikhaa Infra at Indore, Madhya Pradesh pursuant to deed of partnership dated September 27, 2013.

    The Nilshikhaa Infra was thereafter converted into a Public Limited Company under the Companies Act, 2013 under the name of “Nilshikhaa Infraa India Limited” vide Certificate of Incorporation dated August 30, 2016 issued by the Central Registration Centre bearing Corporate Identification Number U74999MP2016PLC041388.

    Nilshikhaa Projects Limited Business Model

    Business primarily operates in the sector of Transmission and Distribution (T&D) under the power infrastructure space. The projects are purely awarded through tender basis.

    They have obtained contracts from Public sector undertakings such as Madhya Pradesh Paschim Kshetra Vidyut Vitran Company Limited (MPPKVVCL), Maharashtra State Electricity Transmission Company Limited (MSETCL) and NTPC Limited which are funded by various government schemes.

    company has undertaken projects from the state of Madhya Pradesh, Maharashtra and Odisha. Our scope in projects includes site survey, design, engineering, assembly, manufacturing, testing, installation and commissioning etc.

    Nilshikhaa Projects Limited Business Process

    Contracts are primarily awarded through “competitive bid” tender method based on combination of technical qualifications, proposed project team, schedule, past performance on similar projects, the bid amount is among the major determining factor.

    Business strategies of Nilshikhaa Projects Limited

    • Expansion of manufacturing capacity by establishing manufacturing unit -II:
    • Selection of projects suitable for our financial model:
    • Continue to enhance our core strengths – execution capability
    • Increasing geographical presence
    • Leveraging relationship with vendors and customers

    Nilshikhaa 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 of Nilshikhaa Projects Limited IPO

    On the basis of Standalone statement:-

    Amount (in INR & lakhs)
    31-Mar-1931-Mar-1831-Mar-17
    Total Assets10,533.506,447.696,005.83
    Total Revenue16,436.791 0,411.649,196.73
    Total Expense1,338.13447.94304.64
    Profit After Tax932.83323.85204.11

    Earnings per Equity Share (in lakhs)

    31-Mar-1931-Mar-1831-Mar-17
    Basic & Diluted4.952.591.71

    From the above statements, one could find that Nilshikhaa Projects Limited may perform well.


    Nilshikhaa Projects Limited IPO – Promoters

    The Promoter of this company is:

    • GURU PRASANNA SAHOO,
    • ARVIND KUMAR TRIPATHI,
    • JAGDISH KUMAR AND SHIVANANDA

    List of Related Parties (Key Managerial Personnel)

    • AMIT KUMAR KUMAR GAUTAM, CHIEF FINANCIAL OFFICER
    • AARTI THAKUR, COMPANY SECRETARY AND COMPLIANCE OFFICER

    Interest in promotion of the Company

    Group entities do not have any interest in the promotion or any business or other interests in Company.

    Property Interest

    Group entities have no interest in the properties acquired by company in the three years preceding the filing of Draft Red Herring Prospectus

    Interest in Intellectual Rights of the Company

    As on the date of filing of the Draft Red Herring Prospectus, the Company does not own any intellectual property rights.


    Nilshikhaa Projects Limited IPO Offer Details or Issue Details

    Particulars No. Of Equity Shares
    Issue of Equity Shares by our CompanyOffer of upto 75,00,000* Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating Rs. [●] Lakhs
     Of which:
    Market Maker Reservation Portion[●] Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●] /- per Equity share aggregating Rs. [●] Lakhs
    Net Issue to the PublicUpto [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at a price of Rs. [●] /- per share aggregating Rs. [●] Lakhs.
     Of which:
    (A) Retail PortionUpto [●] Equity Shares of face value of Rs. 10/- each.
    (B) Non – Institutional PortionUpto [●] Equity Shares of face value of Rs. 10/- each.
    Pre-and Post-Issue Equity Shares
    Equity Shares outstanding prior to the Issue2,10,00,000 Equity Shares of face value of Rs.10/- each.
    Equity Shares outstanding after the IssueUpto [●] Equity Shares of face value of Rs.10/- each.

    Nilshikhaa Projects Limited IPO Issue Object

    These are the IPO Issue Objects of the company

    • To finance establishment of Manufacturing Unit II;
    • Funding the working capital requirement of the Company; and
    •  General corporate purposes

    Nilshikhaa Projects Limited 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:

    • Dedicated management and employee base
    • Established track record and pre qualification
    • Quality assurance
    • In-house testing lab
    • Completion of projects in stipulated timelines

    The relevant quantitative factors are:

    On the basis of standalone statement:-

    Basic & Diluted EPSRONW NAV (Rs.)
    31-Mar-171.7115.67%
    31-Mar-182.5917.69%
    31-Mar-194.9526.93%16.49
    • Price to Earnings (P/E) ratio in relation to Issue Price Rs. [●] per Equity Share of Rs. 10 each fully paid up
    ParticularsP/E ratio
    Highest39.41
    Average25.67
    Lowest16.55
    • Competitive Peers: 
    CompaniesEPSPE RatioRONW (%)NAV (Per Share)Face Value
    Nilshikhaa Projects Limited and Communication Limited4.95[●]26.93%16.4910.00
    Techno Electric & Engineering Co. Limited16.1216.4212.93%124.632.00
    Sharika Enterprises Limited0.8239.413.63%22.702.00
    GE T&D India
    Limited
    8.3121.1914.89%55.772.00

    Nilshikhaa Projects Limited 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

    Nilshikhaa Projects Limited IPO Registrar to offer

    Registrar to the Offer
    LINK INTIME INDIA PRIVATE LIMITED
    C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West),
    Mumbai – 400 083, Maharashtra, India
    Tel: +91 22 4918 6200; Fax: +91 22 4918 6195
    Website: www.linkintime.co.in
    Email: nilshikha.ipo@linkintime.co.in
    Investor Grievance Id: nilshikha.ipo@linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    SEBI Registration Number: INR000004058

    Nilshikhaa Projects Limited IPO Other Details:

    • Statutory Auditor –M/s. Nitin K. Shah & Co. Chartered Accountant
    • Peer Review Auditor – M/s. Nitin K. Shah & Co. Chartered Accountant
    • Bankers to the Company – [●]

    Nilshikhaa Projects Limited IPO Grey Market Premium

    The Nilshikhaa Projects Limited 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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