Tejaswi Packaging IPO – Review, Allotment, Subscription, Price, Date & more

Tejaswi Packing Limited is the leading manufacturers of optimum quality printed hdpe blow molded containers that range withing the size of 50ml to 5lts. The company is specialized in manufacturing containers for the pesticide industry where they are used to pack pesticides such as monocrotophos. The clientele of the company includes Godavri Fertilizers, Madras Fertilizers, and Nagarjuna fertilizers. The Company has issued 23,06,000 Equity shares of Rs.10 each. Let’s have a detailed review of the company and analytics of the Tejaswi Packaging IPO release date, IPO offer price, subscription, Tejaswi Packaging IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Tejaswi Packaging IPO Review & Ratings

Tejaswi Packaging IPO Ratings & Review
CriteriaRatings
Industry Sentiments 7.9/10
Industry Ranking 6.3/10
Company Background8.1/10
Company Reputation8.4/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index7.9/10
Promoters Reputation7.6/10
Retail Appetite 8.2/10
Top Brokers Review8.3/10
Overall Ratings 7.9/10
Star Ratings★★★★☆

Summary of Tejaswi Packaging IPO

Tejaswi Packaging IPOTejaswi Packaging Limited is a leading manufacturer in the rigid packaging space primarily Bottles, Containers and Jars for several major companies in the Agrochemical and Veterinary space. They primarily manufacture Blow Molded HDPE products using state-of-the-art technologies and intend to enter into the manufacturing of PET products very shortly. The company has its principle office in Hyderabad, India and services many large Clients in the South and the West of the country. They are led by steadfast, experienced management and are a process driven organization, always striving to become more efficient while maintaining value. the company aim to be the leading manufacturer of HDPE products in South India by 2022.

The Promoter of this company are Mr. Alapaty Hari Hara Prasad, Mrs. Alapaty Aruna, Mr. Alapati Siva Sankara Prasad, and Mr.Alapati Kranthi Teja The lead manager to the issue is Mark Corporate Advisors Private Limited and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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Tejaswi Packaging IPO Date

The opening and the closing date of IPO of Tejaswi Packaging Limited is not known yet.


Tejaswi Packaging 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.


Tejaswi Packaging IPO Allotment Status

The Issue is being made through the Fixed Price Process wherein up to 1,58,000 Equity Shares shall be reserved for Market Maker upto __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.


Tejaswi Packaging IPO Price Band

The face value of each share is Rs 10, but the price band of the Rs 59 is fixed. 


Tejaswi Packaging IPO Equity Share Offering

23,06,000 Equity Shares of Rs 10/- each with the Issue Price of Rs 59 which will be aggregated to Rs 1360.50 lacks.


Tejaswi Packaging Limited – Company Overview

Tejaswi Packing Limited is the leading manufacturers of optimum quality printed hdpe blow molded containers that range withing the size of 50ml to 5lts. The Company was originally incorporated as a private limited company on February 16,1996 under the name Tejaswi Packaging Private Limited vide certificate of Incorporation, issued by the Registrar of Companies, Andhra Pradesh under the provisions of Companies Act 1956. They primarily manufacture Blow Molded HDPE products using state-of-the-art technologies and intend to enter into the manufacturing of PET products very shortly. The company has its principle office in Hyderabad, India and services many large Clients in the South and the West of the country. They are led by steadfast, experienced management and are a process driven organization, always striving to become more efficient while maintaining value. the company aim to be the leading manufacturer of HDPE products in South India by 2022.

The Promoter of this company are Mr. Alapaty Hari Hara Prasad, Mrs. Alapaty Aruna, Mr. Alapati Siva Sankara Prasad, and Mr.Alapati Kranthi Teja The lead manager to the issue is Mark Corporate Advisors Private Limited and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.

Competitive Strengths of Tejaswi Packaging Limited

  • Experienced and Qualified management team
  • Established brand and reputation
  • Operation methodology
  • Track Record of the Company
  • Leveraging the experience of the Promoter
  • Experienced management team and a motivated and efficient work force
  • Scalable Business Model

Business strategies of Tejaswi Packaging Limited:

  • Civil and ancillary constructions expenses for Expansion
  • Purchase of Plant and Machinery for Expansion
  • General Corporate Purposes
  • Issue Expenses

Tejaswi Packaging 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 Assets1,202.17973.94820.30662.59598.50
Total Revenue1204.171261.141153.721363.111087.78
Total Expense968.691097.99997.001149.561068.18
Profit After Tax170.11109.65103.66164.386.67

 

Earnings per Equity Share (in Lakhs)

31-Mar-1731-Mar-1631-Mar-15
Basic 28.9425.3239.77
Diluted 28.9425.3239.77

From the above statements, one could find that the Tejaswi Packaging Limited may perform well.


Tejaswi Packaging IPO – Promoters

The Promoter of this company are:

  1. Mr. Alapaty Hari Hara Prasad
  2. Mrs. Alapaty Aruna
  3. Mr. Alapati Siva Sankara Prasad

List of Related Parties (Key Managerial Personnel)

  • Mr. Anantha Narayana Katakam
  • Mr. Gudipati Thirupathi Reddy
  • Mr. Venkat Prasad Chirumamilla

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.


Tejaswi Packaging Limited IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered 23,06,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 59
 Of which:
 Reserved for Market Makers 1,58,000 Equity Shares of Rs 10/- each.
 Net Issue to the Public 21,48,000 Equity Shares of Rs 10/- each.
 Of which:
 Retail Investors Portion 10,74,000 Equity Shares of Rs 10/- each
 Non-Retail Investors Portion10,74,000 Equity Shares of Rs 10/- each
 Equity Shares outstanding prior to the Issue41,00,000 Equity Shares of Rs 10/- each
 Equity Shares outstanding after the Issue64,04,600 Equity Shares of Rs 10/- each

Tejaswi Packaging IPO Issue Object

These are the IPO Issue Objects of the company

  • To meet civil and ancillary constructions expenses for expansion
  • Purchase of Plant and Machinery for expansion
  • General Corporate Purposes
  • To meet the Issue Expenses

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Tejaswi Packaging 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:

  • Track Record of the Company
  • Leveraging the experience of the Promoter
  • Experienced management team and a motivated and efficient work force
  • Scalable Business Model

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-1539.7733.83%NA
31-Mar-1625.3217.58%NA
31-Mar-1728.9415.68%170.54
  • Industry P/E Ratio:
ParticularsP/E ratio
Average23
Highest54.70
Lowest6.30

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Tejaswi Packaging Limited IPO Lead Managers

Lead Managers
Mark Corporate Advisors Private Limited
CIN: U67190MH2008PTC181996
404/1, The Summit Business Bay, Sant Janabai Road (Service Lane),
Off W. E. Highway, Vile Parle (East), Mumbai-400 057.
Contact Person: Mr. Manish Gaur, Tel. No.: +91 22 2612 3207/08
E-Mail ID: smeipo@markcorporateadvisors.com
SEBI Regn No.: INM000012128
Investor Grievance Email:investorgrievance@markcorporateadvisors.com

Tejaswi Packaging Limited IPO Registrar to offer

Registrar to the Offer
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Opp.
Vasant Oasis, Makwana Road, Marol,
Andheri (East), Mumbai- 400 059
Contact Person: Mr.Srinivas Dornala
Tel No.: +91 22 62638200
Fax .:+91 022 62638299
E-Mail ID: ipo@bigshareonline.com
SEBI Regn No.: INR000001385

Other Details:

  • Statutory Auditor – Karvy & Co., Chartered Accountants, Hyderabad
  • Peer Review Auditor – Karvy & Co., Chartered Accountants, Hyderabad
  • Bankers to the Company –  Central Bank of India

Tejaswi Packaging Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters 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.


Tejaswi Packaging Limited IPO Grey Market Premium

The Tejaswi Packaging Limited 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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Tejaswi Packaging Limited IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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