Shakun Polymers IPO – Review, Allotment, Subscription, Price, GMP & more

Shakun 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.Stock Broker Complaints


Shakun Polymers IPO Review & Ratings

Shakun Polymers IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Shakun Polymers IPO

Shakun Polymers IPOShakun 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).
The company specializes in manufacturing specialty compounds which have different applications across a wide area of the wire and cable industry like cables (both LT & HT), telecommunication & fibre optic cables, building wires, instrumentation cables, and photovoltaic cables.
The company has broadly categorize its specialty compounds for wires and cables as follows:
  • 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.


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    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 1X
    Day 2 X
    Day 3X
    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

    Shakun Polymers is among the leading players in the platform of compounding for the wire and cable market (Source: CRISIL Report). The company specializes in manufacturing specialty compounds which have different applications across a wide area of the wire and cable industry like cables (both LT & HT), telecommunication & fibre optic cables, building wires, instrumentation cables, and photovoltaic cables. The company has broadly categorise its speciality compounds for wires and cables as follows:
    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

    Competitive Strengths of Shakun Polymers Limited:

    • Established player in manufacturing speciality 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

    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-1731-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Total Assets1,444.741,350.741,062.251,004.25830.74
    Total Revenue1,973.772,809.882,619.241,980.561,604.22
    Total Expense1,786.522,562.772,368.941,845.481,463.48
    Profit After Tax127.63159.97164.3790.6592.90

     

    Earnings per Equity Share (in Lakhs)

    31-Dec-1731-Mar-1731-Mar-16
    Basic NANANA
    Diluted NANANA

    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:

    1. RAJESH BANSAL
    2. RAKESH BANSAL
    3. GEETESH BANSAL
    4. 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 PortionX Equity Shares of Rs 10/- each 
     Equity Shares outstanding prior to the Issue20,760,000 Equity Shares of Rs 10/- each
     Equity Shares outstanding after the IssueX 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 EPSRONW (%)NAV (Rs.)
    31-Mar-1526.20
    19.25%
    NA
    31-Mar-1647.5129.24%NA
    31-Mar-1746.2322.43%206.17
    • Industry P/E Ratio:
    ParticularsP/E ratio
    AverageNA
    HighestNA
    LowestNA
    • 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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking6.5/106.6/106.6/106.4/106.4/10
    Sharekhan6.7/106.4/106.6/106.1/106.2/10
    Kotak Securities6.7/106.7/106.7/106.4/106.3/10
    ICICI Direct6.6/106.3/106.7/106.5/106.5/10
    IIFL6.4/106.7/106.8/106.4/106.7/10
    Edelweiss6.7/106.4/106.4/106.3/106.7/10
    Zerodha6.5/106.4/106.7/106.4/106.5/10
    5Paisa6.7/106.4/106.3/106.7/106.5/10
    Karvy6.8/106.3/106.7/106.4/106.0/10
    Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

    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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