Vasuki Global Industries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 20, 2024Let’s have a detailed review of the company and analytics of the Vasuki Global Industries IPO release date, IPO offer price, subscription, Vasuki Global Industries Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA Shares |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
Vasuki Global Industries IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Vasuki Global Industries Share Price |
Vasuki Global Industries IPO – Summary
They are a vertically integrated procurement and processing agent offering multifaceted and end-to-end solutions to their customers, who are engaged in various industries.
The business of their Company is mainly divided into two segments, viz., (i) offering of procurement and processing solutions primarily with respect to various types of imported as well as domestic coal, including but not limited to Indonesian coal, Australian steam coal, Mozambique steam coal, South African coal, U.S. coal and Russian coal, etc; and (ii)logistics services by way of surface transportation.
The promoters of this company are BANKIM KANTILAL MEHTA AND HARSHMA BANKIMBHAI MEHTA. The lead manager of the issue is UNISTONE CAPITAL PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Vasuki Global Industries IPO Date
The opening and closing dates of Vasuki Global Industries IPO are not available yet.
Vasuki Global Industries IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Vasuki Global Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Vasuki Global Industries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Vasuki Global Industries IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Vasuki Global Industries IPO Equity Size
This Initial Public Issue of 14,000,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Vasuki Global Industries IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 14,000,000 Equity Shares of Rs.10/ each.
Issue Size: 14,000,000 Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
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Vasuki Global Industries IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Vasuki Global Industries Share Price |
Vasuki Global Industries IPO Grey Market Premium
The Vasuki Global Industries Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Vasuki Global Industries IPO – Company Overview
They process various types of coal in their coal processing and segregating unit situated at village Nana Dahisara, Morbi, wherein they screen and segregate coal in various sizes, according to the requirements of their customers.
Also, they offer procurement solutions in respect of other petroleum products such as oil and liquified petroleum gas, refractory materials, raw materials and finished products used in the cement industry as well as the construction industry.
They offer procurement and processing solutions either directly to their customers engaged in various industries, including but not limited to metals and minerals, cement, steel and construction, or through their agents. Their customers also include small-scale traders.
Over the years, they have established longstanding relationships with a diverse set of customers. Their ability to maintain quality standards while diversifying their service offerings to meet evolving industry requirements has resulted in longstanding relationships with their key customers.
Vasuki Global Industries IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets |
1,807.98
|
1,438.50
|
1,039.26
|
889.80
|
| *Total Revenue |
2,785.03
|
7,336.19
|
9,085.89
|
5,162.60
|
| Total Expense |
2,666.47
|
7,152.15
|
8,889.11
|
5,084.18
|
| Profit After Tax |
86.63
|
134.99
|
146.69
|
57.95
|
Earnings per Equity Share (in Million)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted |
2.82
|
4.39
|
4.77
|
1.88
|
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 134.99 Million, Rs. 146.69 Million and Rs. 57.95 Million respectively.
Vasuki Global Industries IPO – Promoters
The Promoter of this company is:
- BANKIM KANTILAL MEHTA
- HARSHMA BANKIMBHAI MEHTA
List of Related Parties (Key Managerial Personnel)
-
Bankim Kantilal Mehta, Chairman and Managing Director
-
Harshma Bankimbhai Mehta, Whole-time Director
-
Lalit Govindbhai Dhandhiya, Executive Director
-
Reena Kanabar, IndependentDirector
Vasuki Global Industries IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Vasuki Global Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 14,000,000 Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 30,750,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Vasuki Global Industries IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding capital expenditure requirements of the logistics division of their Company, towards purchase of goods transportation vehicles;
- Investment in their Subsidiary, Vasuki Cement Private Limited (“VCPL”) for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for manufacturing various grades of cement at Revenue Survey No. 133, Village Vershamedi, Taluka Maliya, District Morbi, Gujarat, India (hereinafter referred as the “Project” and such facility the “Proposed Facility”); and
- General Corporate Purposes
Vasuki Global Industries IPO – Business Strategy
-
Diversifying their business operations from offering procurement and logistical solutions to manufacturing.
-
Increase their goods transportation network and fleet size
-
Integrate technology in their service segments
-
Proposed Facility
Vasuki Global Industries IPO – Basis of 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:
- Integrated inward and outward procurement and logistical solutions provider.
- Diversified business model.
- Dedicated in-house maintenance facility and availability of spare parts and fuel.
- Long-standing client relationships with some of their customers.
- Owned a fleet of transportation vehicles as well as arrangements for outsourced trucks.
- Experienced Promoters and management team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 |
4.39
|
38.54%
|
13.58
|
| 31-Mar-22 |
4.77
|
69.85%
|
– |
| Mar-21 |
1.88
|
53.54%
|
– |
Vasuki Global Industries IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from operations (Rs. in Millions) | |
| Vasuki Global Industries Limited | 10 | [●] |
4.39
|
38.54%
|
7,321.75 |
| Listed Peers | |||||
| Agarwal Industrial Corporation Ltd | 10 |
12.74
|
63.78
|
26.42%
|
20,150.14
|
| Orient Cements Limited | 10 |
34.08
|
5.99
|
7.85%
|
29,375.46
|
Vasuki Global Industries IPO Lead Managers
| Lead Managers |
| UNISTONE CAPITAL PRIVATE LIMITED A/ 305, Dynasty Business Park, Andheri-Kurla Road, Andheri East, Mumbai –400 059, Maharashtra, India. Telephone: +91 224 604 6494 Facsimile: Not Applicable Email: mb@unistonecapital.com Investor grievance email: compliance@unistonecapital.com Contact Person: Brijesh Parekh Website: www.unistonecapital.com SEBI registration number: INM000012449 CIN: U65999MH2019PTC330850 |
Vasuki Global Industries IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6thFloor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai –400 093, Maharashtra, India; Telephone:+91 226263 8200; Facsimile:+91 226263 8280 Email:ipo@bigshareonline.com Investor grievance email: investor@bigshareonline.com Contact Person: Jibu John Website:www.bigshareonline.com SEBI Registrationnumber:INR000001385 CIN: U99999MH1994PTC076534 |
Vasuki Global Industries IPO – Other Details
- Statutory Auditor – M/s. Giriraj Bang & Company, Chartered Accountants
- Legal Counsel to the Company – T&S Law
- Bankers to the Company – ICICI Bank Limited and Karur Vysya.Bank
Vasuki Global Industries IPO Review by 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 |
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Vasuki Global Industries Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Vasuki Global Industries IPO Review FAQs
Check out various FAQs related to Vasuki Global Industries IPO:
What is the Issue Size of Vasuki Global IPO?
The Company is making an initial public offer of 14,000,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Vasuki Global IPO?
The price band for this particular IPO ranges between Rs NA. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Vasuki Global IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Vasuki Global IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Vasuki Global IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Vasuki Global IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Vasuki Global IPO?
Here are the promoters of this IPO – BANKIM KANTILAL MEHTA AND HARSHMA BANKIMBHAI MEHTA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Vasuki Global IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Vasuki Global Industries IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Vasuki Global Industries Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 134.99, 2022 is 146.69, and 2021 is 57.95. PAT from Sep 2023 is 86.63.
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