Shakun Polymers IPO – Review, Allotment, Subscription, Price, GMP & more
Last Updated Date: Nov 24, 2022Shakun Polymers is one of the leading players in the platform of compounding for the wire and cable market (Source: CRISIL Report). The Company has issued 18,00,000 Equity shares of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Shakun Polymers IPO release date, IPO offer price, subscription, Shakun Polymers IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Shakun Polymers IPO Review & Ratings
| Shakun Polymers IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Shakun Polymers IPO
Shakun Polymers cater to a broad range of domestic as well international customers, by ensuring timely supply of cost efficient quality products. Some of the major domestic customers include companies such as Polycab Wires Private Limited, KEI Industries Limited, KEC International Limited, RR Kabel Limited, Apar Industries Limited, Vindhya Telelinks Limited, Birla Cables Limited, Paramount Communications Limited, Thermo Cables Limited and Tirupati Plastomatics Private Limited.Sha kun Polymers is among the leading players in the platform of compounding for the wire and cable market (Source: CRISIL Report). - Thermoplastic and Cross Linkable HFFR Compounds for various applications
- Thermoplastic and Cross Linkable Semi Conducting Compounds for power cables
- Specialised PVC Compounds for various applications
The Promoter of this company are RAJESH BANSAL, RAKESH BANSAL, GEETESH BANSAL AND DHANRAJ BANSAL. The lead manager to the issue is Vivro Financial Services Private Limited and the Registrar to this issue is Link Intime India Private Limited.
Subscribe to Shakun Polymers IPO
Shakun Polymers IPO Date
The opening and the closing date of IPO of Mindpool Technologies is not known yet.
Shalun Polymers IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Shalun Polymers IPO Allotment Status
The Issue is being made through the Fixed Price Process wherein up to 78,000 Equity Shares shall be reserved for Market Maker upto 1,80,0000 Equity shares will be allocated on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from Retail Individual Applicants at the Issue Price. The balance of the Net Issue will be available for allocation on proportionate basis to Non Retail Applicants.
Shakun Polymers IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Shakun Polymers IPO Equity Share Offering
18,00,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (X* Issue Price).
Shakun Polymers Limited – Company Overview
Competitive Strengths of Shakun Polymers Limited:
-
Established player in manufacturing speciality compounds for the wire and cable industry with a wide productrange for various applications
- Long standing customer relationships and proven track record with customers
-
Well-equipped manufacturing facilities and processes with proximity to ports
- Experienced Promoters and management team
-
Consistent track record of growth and financial efficiency
Business strategies of Shakun Polymers Limited:
-
Offer related expenses
- Interim Use of Funds
- Bridge Loan
- Monitoring of Utilization of Funds
- Appraising Agency
Shakun Polymers 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:
| Amount (in INR & Lakhs) | |||||
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 1,444.74 | 1,350.74 | 1,062.25 | 1,004.25 | 830.74 |
| Total Revenue | 1,973.77 | 2,809.88 | 2,619.24 | 1,980.56 | 1,604.22 |
| Total Expense | 1,786.52 | 2,562.77 | 2,368.94 | 1,845.48 | 1,463.48 |
| Profit After Tax | 127.63 | 159.97 | 164.37 | 90.65 | 92.90 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | |
| Basic | NA | NA | NA |
| Diluted | NA | NA | NA |
From the above statements, one could find that the Shakun Polymers Limited may perform well.
Shakun Polymers IPO – Promoters
The Promoter of this company are:
- RAJESH BANSAL
- RAKESH BANSAL
- GEETESH BANSAL
- DHANRAJ BANSAL
List of Related Parties (Key Managerial Personnel)
- Amish Sheth
- Company Secretary
- Compliance Officer
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.
Shakun POlymers IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 1,800,000 Equity Shares of Rs 10/- each at an Issue Price (yet to be disclosed). |
| Of which: | |
| Reserved for Market Makers | X Equity Shares of Rs 10/- each |
| Net Issue to the Public | X Equity Shares of Rs 10/- each |
| Of which: | |
| Retail Investors Portion | X Equity Shares of Rs 10/- each |
| Non-Retail Investors Portion | X Equity Shares of Rs 10/- each |
| Equity Shares outstanding prior to the Issue | 20,760,000 Equity Shares of Rs 10/- each |
| Equity Shares outstanding after the Issue | X Equity Shares of Rs 10/- each |
Shakun Polymers IPO Issue Object
These are the IPO Issue Objects of the company
- Funding of working capital requirements of the Company
- Schedule of Implementation and Proposed Deployment of Funds
- Means of Finance
- Setting up of New Unit for manufacturing HFFR compounds
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Shakun Polymers 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:
- Established player in manufacturing specialty compounds for the wire and cable industry with a wide product range for various applications
- Long standing customer relationships and proven track record with customers
- Well-equipped manufacturing facilities and processes with proximity to ports
- Experienced Promoters and management team
- Consistent track record of growth and financial efficiency
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-15 | 26.20 |
19.25%
|
NA |
| 31-Mar-16 | 47.51 | 29.24% | NA |
| 31-Mar-17 | 46.23 | 22.43% | 206.17 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | NA |
| Highest | NA |
| Lowest | NA |
- Competitive Peers:
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Shakun Polymers IPO Lead Managers
| Lead Managers |
|
Vivro Financial Services Private Limited
607/608, Marathon Icon, Veer Santaji Lane,Opp. Peninsula Corporate Park,
Off Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400 013, Maharashtra, India
Telephone: +91-22-6666 8040/41/42
Facsimile: +91-22-6666 8047
Email: shakun.ipo@vivro.net
Investor Grievance Email: investors@vivro.net
Website: www.vivro.net
Contact Person: Harish Patel / Anish Akruwala
SEBI Registration Number: INM000010122
CIN: U67120GJ1996PTC029182
|
Shakun Polymers IPO Registrar to offer
| Registrar to the Offer |
|
Link Intime India Private Limited
C 101, 1st Floor, 247 Park, LBS Marg, Vikhroli (West), Mumbai
Maharashtra- 400083, India
Telephone: + 91-22- 4918 6200;
Facsimile: +91-22-4918 6195
Email: shakun.ipo@linkintime.co.in
Investor Grievance Email: shakun.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
CIN: U67190MH1999PTC118368
|
Other Details:
- Statutory Auditor –M/s Lalit R. Mehta & Associates, Chartered Accountants.
- Peer Review Auditor –NA
- Bankers to the Company – NA
Shakun Polymers IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
Shakun Polymers IPO Grey Market Premium
The Shakun Polymers 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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Shakun Polymers IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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