Satyasai Pressure Vessels IPO – Review, Allotment, Subscription, GMP & DRHP

Let’s have a detailed review of the company and analytics of the Satyasai Pressure Vessels IPO release date, IPO offer price, subscription, Satyasai Pressure Vessels IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Satyasai Pressure Vessels Limited is engaged in the business of manufacturing of two piece LPG Cylinders with varied capacity ranging from 5 kg to 21 kg and three piece LPG Cylinders with 33 kg to 47.5 kg capacity which are used for household, commercial and Industrial application. The cylinders are manufactured in water capacities ranging from 11.7 to 111 litres and is one of the largest manufacturers of LPG Cylinders in India. Open Demat Account - Offers


Satyasai Pressure Vessels IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.1/10
Competitive Edge7.7/10
Financial Statements7.1/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.2/10
Overall Ratings7.6/10
Star Ratings★★★★☆

Summary of Satyasai Pressure Vessels IPO

Satyasai Pressure Vessels IPOSatyasai Pressure Vessels Limited is engaged in the business of manufacturing of two piece LPG Cylinders with varied capacity ranging from 5 kg to 21 kg and three piece LPG Cylinders with 33 kg to 47.5 kg capacity which are used for household, commercial and Industrial application. The cylinders are manufactured in water capacities ranging from 11.7 to 111 litres and is one of the largest manufacturers of LPG Cylinders in India. Initial public offering of Up to 50,00,000 Equity Shares, aggregating up to Rs. [●] Lakhs.

From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements

  • Their revenue have grown at a CAGR of 12.72% from Rs. 10,376.76 lakhs to Rs. 13,184.59 lakhs in Fiscal 2016 to Fiscal 2018 respectively. Their earnings before interest, tax, depreciation and amortization (“EBITDA”) for the seven months period ended October 31, 2018 and for the Financial years ended March 2018, 2017 and 2016 are Rs. 806.25 lakhs, Rs. 1,602.85 lakhs, Rs. 1,561.51 lakhs and Rs. 1,693.70 lakhs respectively. 
  • The net asset value per Equity Share was Rs. 45.66 and Rs. 72.04 as of Oct 30, 2018 and March 31, 2018, respectively, as per the Restated Standalone Financial Statements.
  • The net worth of the Company as of Oct 30, 2018, is Rs. 611.17 lakhs.
  • Their Profit after Tax had been recorded at Rs. 471.25 lakhs, Rs. 833.61 lakhs, Rs. 876.87 lakhs and Rs. 947.31 lakhs for the seven months period ended October 31, 2018 and for the Fiscal 2018, 2017 and 2016 respectively.

The Promoters of this company are Mr. Kishor Kela and Mr. Satya KelaThe lead manager to the issue is Aryaman Financial Services Limited and Galactico Corporate Services Limited and the Registrar to this issue is Karvy Fintech Private Limited.


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    Satyasai Pressure Vessels IPO Date

    The opening and the closing date of Satyasai Pressure Vessels IPO is not known yet.


    Satyasai Pressure Vessels 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.


    Satyasai Pressure Vessels IPO Allotment Status

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


    Satyasai Pressure Vessels IPO Price Band

    The face value of each share is Rs 10, but the price band of the IPO is Rs X. 


    Satyasai Pressure Vessels IPO Equity Share Offering

    Initial public offering of Up to 50,00,000 Equity Shares, aggregating up to Rs. [●] Lakhs.


    Satyasai Pressure Vessels Limited – Company Overview

    Satyasai Pressure Vessels Limited is engaged in the business of manufacturing of two piece LPG Cylinders with varied capacity ranging from 5 kg to 21 kg and three piece LPG Cylinders with 33 kg to 47.5 kg capacity which are used for household, commercial and Industrial application. The cylinders are manufactured in water capacities ranging from 11.7 to 111 litres and is one of the largest manufacturers of LPG Cylinders in India.

    The Company is a part of Kishore Kela Group of Industries. The Group has been recently re-organized such that all its key manufacturing activities are consolidated into a single corporate Holding Company. The Group consists of 4 units i.e. their Company – Satyasai Pressure Vessels Ltd., 2 wholly owned subsidiaries i.e. Om Fabtech Private Limited (OFPL) and Super Technofab Private Limited (STPL) and 1 subsidiary Company i.e. Sai Cylinders Private Limited (SCPL).

    Satyasai Pressure Vessels company also forayed into the business of wind energy and they own a wind mill having an aggregate installed capacity of 2.0 MW. The revenue attributable to wind power generation for the seven months period ending October 31, 2018 and for the financial years ended 2018 and 2017 was Rs. 145.19 lakhs , Rs. 151.47 lakhs and Rs. 11.78 lakhs respectively.

    OFPL and STPL:

    Their wholly owned Subsidiaries i.e. OFPL and STPL are engaged in manufacturing of two piece LPG cylinders, three piece LPG cylinders and are also engaged in re-conditioning of used LPG cylinders. The manufacturing units of OFPL and STPL are centrally established in Sinnar, Nashik, Maharashtra to cater to North, West and South India..

    Key clients are large public sector oil companies such as Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited. The Group’s other customers include Reliance Petroleum Ltd., SHV Energy Private Limited etc.

    Competitive Strengths of Satyasai Pressure Vessels Limited:

    • Consistent track record of financial performance
    • Experienced Promoters and strong Executive Team
    • Wide range of products
    • Integrated operations and economies of scale
    • Strong Technological Capabilities
    • Strategic location of the manufacturing unit

    Business strategies of Satyasai Pressure Vessels Limited:

    • Reduce our debt level and increase fund based capabilities
    • Investment in Sai Cylinders Pvt. Ltd. (SCPL), Om Fabtech Pvt. Ltd. (OFPL) and Super Technofab Pvt. Ltd. (STPL)
    • Diversifying the product mix and increasing penetration in markets
    • Operation Excellence
    • Optimal Utilization of Resources

    Satyasai Pressure Vessels 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)
    30-Oct-1831-Mar-1831-Mar-1731-Mar-16
    Total Assets8,356.238,199.557,293.195,069.71
    Total Revenue8,493.0913,271.6213,474.3910,466.90
    Total Expense7,878.9012,026.9212,161.679,025.32
    Profit After Tax468.24842.19875.46947.86

    Earnings per Equity Share (in lakhs)

    30-Oct-1831-Mar-1831-Mar-1731-Mar-16
    Basic & Diluted3.646.466.877.42

    From the above statements, one could find that the Satyasai Pressure Vessels Limited may perform well.


    Satyasai Pressure Vessels IPO – Promoters

    The Promoters of this company are:

    • Mr. Kishor Kela
    • Mr. Satya Kela.

    List of Related Parties (Key Managerial Personnel)

    • Mr. Adarsh Jaju
    • Mr. Suhas Kulkarni
    • Mr. Prashant Bhamare
    • Mr. Ashok Salve
    • Mr. Yogesh Khandbahale
    • Ms. Laxmi Jaiswal

    Interest in promotion of the Company

    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 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.


    Satyasai Pressure Vessels IPO Offer Details or Issue Details

    Particulars No. Of Equity Shares
     Equity Shares Offered Up to 50,00,000 Equity Shares, aggregating up to Rs. [●] Lakhs
     Of which:
    Fresh IssueUp to 35,00,000 Equity Shares, aggregating up to Rs. [●] Lakhs
    Offer for SaleUp to 15,00,000 Equity Shares, aggregating up to Rs. [●] Lakhs
     Reserved for Market Makers Upto [●] Equity Shares of face value of Rs. 10/- each
     Net Issue to the Public Upto [●] Equity Shares of face value of Rs.10/- each
     Of which:
    QIB PortionNot more than [●] Equity shares 
    Of which
    Available for allocation to Mutual Funds only (5% of the QIB portion) (Excluding the Anchor Investor Portion)[●] Equity Shares of Face Value of Rs. 10/- each 
    Balance for all QIBs including Mutual Funds[●] Equity Shares of Face Value of Rs. 10/- each 
     Retail Investors Portion Upto [●] Equity Shares 
     Non-Retail Investors PortionUpto [●] Equity Shares
     Equity Shares outstanding prior to the Issue1,29,63,600 Equity Shares
     Equity Shares outstanding after the Issue1,64,63,600 Equity Shares of face value of Rs. 10 each

    Satyasai Pressure Vessels 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

    Satyasai Pressure Vessels IPO – Basis of the Offer Price

    The company determines issue price  in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Consistent track record of financial performance
    • Experienced Promoters and strong Executive Team
    • Wide range of products
    • Integrated operations and economies of scale
    • Strong Technological Capabilities
    • Strategic location of the manufacturing unit

    The relevant quantitative factors are:

    On the basis of standalone statement:-

    Basic & Diluted EPSRONW in %NAV (Rs.)
    31-Mar-167.4230.34
    31-Mar-176.8721.86
    31-Mar-187.8819.60
    72.04
    • 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
    Highest43.5
    Average41.39
    Lowest39.28
    • Competitive Peers:
    Sr. No. ParticularsFace Value  (in Rs.)Basic EPS (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
    1Mauria Udyog Limited106.2243.505.84102.65
    2Rajasthan Cylinders and Containers Limited10(4.75)-ve-ve88.60
    3Confidence Petroleum India Limited11.0439.289.8510.52
    4Satyasai Pressure Vessels Limited107.8819.6072.04

    Satyasai Pressure Vessels IPO Lead Managers

    Lead Managers
    ARYAMAN FINANCIAL SERVICES LIMITED
    60, Khatau Building, Ground Floor,
    Alkesh Dinesh Modi Marg,
    Fort, Mumbai – 400 001
    Tel: +91 – 22 – 6216 6999
    Email: ipo@afsl.co.in
    Website: www.afsl.co.in
    Investor Grievance Email: feedback@afsl.co.in
    Contact Person: Mr. Deepak Biyani
    SEBI Registration No.: INM000011344


    GALACTICO CORPORATE SERVICES LIMITED
    2nd Floor, Shree Gurudev Tower,
    Above Shirpur Co-op. Bank Ltd,
    Canada Corner, Nashik – 422 002.
    Tel: +91 – 253 – 2319714
    Email: info@galacticorp.com
    Website: www.galacticocorp.com
    Investor Grievance Email: investorgrievance@galacticocorp.com
    Contact Person: Mr. Vishal Sancheti / Mr. Ajinkya Joglekar
    SEBI Registration No.: INM000012519

    Satyasai Pressure Vessels IPO Registrar to offer

    Registrar to the Offer
    Karvy Fintech Private Limited
    Karvy Selenium, Tower-B, Plot No. 31 & 32, Gachibowli,
    Financial District, Nanakramguda, Serilingampally,
    Hyderabad – 500 032.
    Tel: +91 – 40 – 6716 2222
    E-mail: sspvl.ipo@karvy.com
    Investor Grievance E-mail: einward.ris@karvy.com
    Website: www.karvyfintech.com
    Contact Person: Mr. M. Murali Krishna
    SEBI Registration No.: INR000000221

    Other Details:

    • Statutory Auditor – A.S. Bedmutha & Co.
    • Peer Review Auditor – A.S. Bedmutha & Co.

    Satyasai Pressure Vessels 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

    Satyasai Pressure Vessels IPO Grey Market Premium

    The Satyasai Pressure Vessels 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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      Satyasai Pressure Vessels IPO News

      News 1 – IPO ISSUE OPENS SOON [Download Prospectus]


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