Shankar Lal Rampal Dye-Chem IPO – Complete Review, Price & DRHP
Last Updated Date: Nov 24, 2022Shankar Lal Rampal Dye-Chem Limited business in the trading of Dyes and Chemicals and was started by Shree Shankar Lal Inani (Late). Shankar Lal Rampal Dye-Chem IPO comprises of 16,20,000 Equity shares, face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Shankar Lal Rampal Dye-Chem IPO release date, IPO offer price, subscription, Shankar Lal Rampal Dye-Chem IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is Rs 45. Check the Live Share Price here Shankar Lal Rampal Dye-Chem Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Shankar Lal Rampal Dye-Chem IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Shankar Lal Rampal Dye-Chem IPO
Shankar Lal Rampal Dye-Chem Limited Company is in the business of networking & IT management solutions provider that deliver business continuity and visibility, through robust network security, reliable connectivity, and effective remote IT management.16,20,000 Equity Shares of Rs 10/- each but Issue Price each fully paid for cash at a price of Rs. 45/- per Equity Share aggregating Rs. 729.00 Lakhs. Issue of Equity Shares will constitute 27.01% of the fully diluted Post-Issue paid up capital of the Company. The face value of the Equity Shares is Rs. 10/- and the Issue Price is 4.5 times of the face value.
From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements,
- The Company’s total income during the period ended March 31st, 2018 was Rs. 7516.85 Lacs. The revenue from operations was Rs. 7516.44 Lacs which comprised 99.99% of company’s total income for the period ended March 31st, 2018
- During the FY 2017-18 the revenue from trading activity of dye & chemicals of the company has been increased to Rs. 7516.44 Lacs as against Rs. 2919.43 Lacs in the FY 2016-17, representing an increase of 157.46% of the total revenue. During the FY 2016-17 the revenue from trading activity of dye & chemicals of the company has been increased to Rs. 2919.43 Lacs as against Rs. 2599.35 Lacs in the FY 2015-16, representing an increase of 12.31% of the total revenue.
- Other income of the Company for the FY 2017-18 was Rs. 0.41 Lacs in comparison with Rs. nil for FY 2016-17 mainly consist of interest income.
- Profit after Tax for FY 2017-18 has been increased to Rs. 96.47 Lacs from Rs. 11.14 Lacs representing increase by 766.14% from FY 2016-2017 due to increase in volume of operations and better profit realization. The PAT of the company was 1.28% during FY 2017-18, whereas it was 0.38% during FY 2016-17. Profit after Tax for FY 2016-17 has been increased to Rs. 11.14 Lacs from Rs. 9.95 Lacs representing increase by 11.98% from FY 2015-2016 due to increase in volume of operations and better profit realization. The PAT of the company was 0.38% during FY 2016-17 and FY 2015-16.
The Promoters of this company are 1) Mr. Rampal Inani, 2) Mr. Jagdish Chandra Inani, 3) Mr. Dinesh Chandra Inani, 4) Mr. Vinod Kumar Inani and 5) Mr. Susheel Kumar Inani . The lead manager to the issue is Finshore Management Services Limited and the Registrar to this issue is Cameo Corporate Services Limited.
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Shankar Lal Rampal Dye-Chem IPO Date
The opening and the closing date of Shankar Lal Rampal Dye-Chem Limited IPO is Dec 12, 2018 – Dec 14, 2018.
Shankar Lal Rampal Dye-Chem IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 : 12th Dec | – | 0.12x | 0.02x | 0.07x |
| Day 2 : 13th Dec | – | 1.67x | 0.12x | 0.89x |
| Day 3 : 14th Dec | – | 1.70x | 0.34x | 1.02x |
| Day 4 | – | – | – | – |
| Day 5 | – | – | – | – |
| Shares Offered or Net Issue | – | 768,000 | 771,000 | 1,539,000 |
The shares subscribed by the public is updated here.
Shankar Lal Rampal Dye-Chem IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Shankar Lal Rampal Dye-Chem IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Shankar Lal Rampal Dye-Chem IPO Equity Share Offering
16,20,000 Equity Shares of Rs 10/- each but Issue Price each fully paid for cash at a price of Rs. 45/- per Equity Share aggregating Rs. 729.00 Lakhs.
Shankar Lal Rampal Dye-Chem Limited – Company Overview
Shankar Lal Rampal Dye-Chem Limited business in the trading of Dyes and Chemicals and was started by Shree Shankar Lal Inani (Late). It was incorporated vide a fresh Certificate of Incorporation consequent upon conversion dated May 08, 2018.
Company is in the business of trading in Dyes and Chemicals since year 2005. The company mainly specializes in Hydrogen Peroxide, Sodium Bi Carbonate 99.5%, Sodium Meta Bi Sulphite 97%, Soda Ash Light, Linear Alkyl Benzene Sulphonic Acid 90% and many others chemicals. The company trades in all types of Sulphur Dyes. The Dyes and Chemicals in which the Company deals in, mainly caters to Textiles &Garments manufacturing Industry, Food and Beverages Industries, Laboratory, Leather, Candel making industries, Plastic Industries, Agriculture, Water Treatment, Personal Care & Cosmetics Industries, Plywood Industry etc.
The Trading facility of the Company is situated at Bhilwara (Rajasthan) where the operations are centralised which controls the trading activities in Mumbai (Maharashtra) and Delhi.
The Company is promoted by Mr. Rampal Inani, Mr. Jagdish Chandra Inani, Mr. Dinesh Chandra Inani, Mr. Vinod Kumar Inani and Mr. Susheel Kumar Inani and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Shankar Lal Rampal Dye-Chem Limited:
- Established and proven track record;
- Leveraging the experience of the Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with the customers
- Quality Assurance & Control
Business strategies of Shankar Lal Rampal Dye-Chem Limited:
- Reduction of costs
- Expanding customer base
Shankar Lal Rampal Dye-Chem Limited – Financial Statements
A quick look into the past financial performance of the company is to understand its performance of business and evaluate the growth prospectus.
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 4194.95 | 1054.09 | 971.39 | 905.54 | 759.04 |
| Total Revenue | 7516.85 | 2919.42 | 2599.70 | 2194.53 | 2341.53 |
| Total Expense | 7381.87 | 2,903.16 | 2585.29 | 2184.66 | 2330.76 |
| Profit After Tax | 96.47 | 11.13 | 9.94 | 6.28 | 10.76 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Basic & Diluted | 5.00 | 0.64 | 0.57 | 0.47 | 0.56 |
From the above statements, one could find that the Shankar Lal Rampal Dye-Chem Limited may perform well.
Shankar Lal Rampal Dye-Chem IPO – Promoters
The Promoter of this company is:
- Mr. Rampal Inani,
- Mr. Jagdish Chandra Inani
- Mr. Dinesh Chandra Inani
- Mr. Vinod Kumar Inani
- Mr. Susheel Kumar Inani
List of Related Parties (Key Managerial Personnel)
- Rampal Inani, Managing Director
- Jagdish Chandra Inani, Whole Time Director
- Dinesh Chandra Inani, Whole Time Director
- Vinod Kumar Inani, Whole Time Director
- Susheel Kumar Inani, Chief Financial Officer cum Whole Time Director
- Aditi Babel, Company Secretary
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.
Shankar Lal Rampal Dye-Chem IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto 16,20,000 Equity Shares of Rs. 10/- each fully paid-up of the Company for cash at a price of Rs. 45/- per Equity Share aggregating to Rs. 729.00 Lakhs |
| Of which: | |
| Reserved for Market Makers | Upto 81,000 Equity Shares of Rs. 10/- each fully paid-up of the Company for cash at a price of Rs. 45/- per Equity Share aggregating to Rs. 36.45 Lakhs. |
| Net Issue to the Public | Upto 15,39,000 Equity Shares of Rs. 10/- each fully paid-up of the Company for cash at a price of Rs. 45/- per Equity Share aggregating to Rs. 692.55 Lakhs. |
| Of which: | |
| Retail Investors Portion | 7,71,000 Equity Shares of Rs. 10/- each fully paid-up of the Company for cash at a price of Rs. 45/- per Equity Share aggregating to Rs. 346.95 Lakhs |
| Non-Retail Investors Portion | 7,68,000 Equity Shares of Rs. 10/- each fully paid-up of the Company for cash at a price of Rs. 45/- per Equity Share aggregating to Rs. 345.60 Lakhs. |
| Equity Shares outstanding prior to the Issue | 43,77,850 Equity Shares of face value of Rs.10 each |
| Equity Shares outstanding after the Issue | 59,97,850 Equity Shares of face value of Rs.10 each |
Shankar Lal Rampal Dye-Chem 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.
- General Corporate Purposes.
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Shankar Lal Rampal Dye-Chem 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 and proven track record;
- Leveraging the experience of the Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with the customers
- Quality Assurance & Control
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-14 | 0.56 | 1.28 | – |
| 31-Mar-15 | 0.47 | 0.82 | – |
| 31-Mar-16 | 0.57 | 1.27 | – |
| 31-Mar-17 | 0.64 | 1.41 | – |
| 31-Mar-18 | 5.00 | 4.60 | 47.89 |
- Price to Earnings (P/E) ratio in relation to Issue Price of Rs. 45/- per Equity Share of face value of Rs. 10/- each:
| Particulars | P/E ratio |
| P/E ratio based on Basic EPS for FY 2017-18 | 9.00 |
| P/E ratio based on Weighted Average EPS | 21.93 |
- Competitive Peers:
| Particulars | Face Value (in Rs.) | EPS (In Rs.) | P/E Ratio | RoNW (%) | NAV per Share (Rs. ) |
| Jaysynth Dyestuff (India) Ltd | 1.00 | 2.30 | 29.80 | 13.10 | 86.00 |
| Camex Limited | 10.00 | 2.90 | 11.90 | 5.30 | 26.80 |
| Bhageria Industries Limited | 5.00 | 23.70 | 12.50 | 13.90 | 136.7 |
| Shankar Lal Rampal Dye-Chem Limited | 10.00 | 5.00 | 9.00 | 4.60 | 47.89 |
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Shankar Lal Rampal Dye-Chem IPO Lead Managers
| Lead Managers |
| FINSHORE MANAGEMENT SERVICES LIMITED Anandlok”, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal, India Tel No: +91 – 33 – 22895101 Email ID:ramakrishna@finshoregroup.com Website: www.finshoregroup.com Investor Grievance Email ID: info@finshoregroup.com Contact Person: Mr. S. Ramakrishna Iyengar SEBI Registration No: INM000012185 |
Shankar Lal Rampal Dye-Chem IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED “Subramanian Building”, #1, Club House Road, Chennai – 600 002, India Tel No: +91-44-40020700, 28460390 Facsimile: +91-44-28460129 Email ID: investor@cameoindia.com Contact Person: Mr. R.D. Ramasamy, Director Website: www.cameoindia.com SEBI Registration Number: INR000003753 |
Other Details:
- Statutory Auditor – M/s. Kalani & Company Chartered Accountants
- Peer Review Auditor – M/s. Kalani & Company Chartered Accountants
- Bankers to the Company – ICICI Bank Limited
Shankar Lal Rampal Dye-Chem IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Shankar Lal Rampal Dye-Chem IPO Grey Market Premium
The Shankar Lal Rampal Dye-Chem 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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Shankar Lal Rampal Dye-Chem IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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