Zircon Technologies IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 16, 2022Zircon Technologies (India) Limited is a company engaged in the business of label printing for packaging of products and brand security solutions. The business is supported by their in-house research and development (“R&D”) process which is complemented by their existing infrastructure facility. Zircon Technologies IPO comprises of 5,900,000 Equity shares, face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Zircon Technologies IPO release date, IPO offer price, subscription, Zircon Technologies IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Zircon Technologies 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 Zircon Technologies IPO
Zircon Technologies (India) Limited is a company engaged in the business of label printing for packaging of products and brand security solutions. Their business is supported by their in-house research and development (“R&D”) process which is complemented by their existing infrastructure facility. They develop and offer a variety of labels and brand security solutions to a large number of national as well as international companies. The Issue comprises of a Public Issue of 5,900,000 Equity shares of face value of Rs.10.00 each fully paid up.
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,
- The net revenue for Fiscals 2018, 2017 and 2016 was Rs. 940.78 million, Rs. 872.00 million and Rs. 775.18 million respectively, and grew at a CAGR of 10.16% over such period.
- The EBITDA for Fiscals 2018, 2017 and 2016 was Rs. 161.49 million, Rs. 139.06 million and Rs. 116.56 million, and grew at a CAGR of 17.70% over such period.
- The profit after tax for Fiscals 2018, 2017 and 2016 was Rs. 63.81 million, Rs. 24.02 million and Rs. 29.57 million respectively, and grew at a CAGR of 46.90%.
The Promoter of this company is Sanjeev Sondhi. The lead manager to the issue is Systematix Corporate Services Limited and the Registrar to this issue is Link Intime India Private Limited .
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Zircon Technologies IPO Date
The opening and the closing date of Zircon Technologies (India) Limited IPO is not known yet.
Zircon Technologies IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 | ||||
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| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Zircon Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Zircon Technologies IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Zircon Technologies IPO Equity Share Offering
5,900,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .
Zircon Technologies (India) Limited – Company Overview
Zircon Technologies (India) Limited is a company engaged in the business of label printing for packaging of products and brand security solutions. Their business is supported by their in-house research and development (“R&D”) process which is complemented by their existing infrastructure facility. They develop and offer a variety of labels and brand security solutions to a large number of national as well as international companies. They help the customers in decorating their brands with their high quality labels customized to suit their technical and aesthetic specifications as well as protecting their brands and the packages of their products from tampering and counterfeiting.
They provide the brand security solutions to several large national and international companies and brands.
Their operations are aligned into the following business verticals:
- Zircon Label
- Zircon Secure
The Company is promoted by Sanjeev Sondhi and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Zircon Technologies (India) Limited :
- One of the leading players in the labeling segment
- Emerging Player in brand security solutions
- Diversified range of products appealing to a wide range of industries
- In house development and adoption of latest technology
- Product design and manufacturing capabilities
- Experienced management with strong industry expertise
Business strategies of Zircon Technologies (India) Limited :
- Increasing focus on the brand security business
- Increased focus on packaging business
- Diversifying their product portfolio through research and design
- Further development of their production infrastructure by setting up of a dedicated manufacturing facility
Zircon Technologies (India) 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:-
On the basis of Standalone statement:-
| Amount (in INR & Million) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 983.15 | 926.83 | 766.51 | 703.91 | 590.03 |
| Total Revenue | 821.30 | 906.34 | 830.84 | 616.82 | 470.80 |
| Total Expense | 761.72 | 864.77 | 796.27 | 622.44 | 479.72 |
| Profit After Tax | 67.58 | 24.02 | 29.57 | (0.03) | (15.58) |
Earnings per Equity Share (in Millions)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Basic & Diluted | 4.58 | 1.63 | 2.00 | (0.00) | (1.11) |
From the above statements, one could find that the Zircon Technologies (India) Limited may perform well.
Zircon Technologies IPO – Promoters
The Promoter of this company is:
- Sanjeev Sondhi
List of Related Parties (Key Managerial Personnel)
- Sanjeev Sondhi
- Poonam Sondhi
- Tilak Raj Sondhi
- Rajeev Kumar Manrai
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.
Zircon Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 5,900,000 Equity Shares aggregating to Rs. [●] million |
| Of which: | |
| Reserved for Market Makers | Not more than [●] Equity Shares |
| Net Issue to the Public | Not more than [●] Equity Shares |
| Of which: | |
| Retail Investors Portion | Not more than [●] Equity Shares will be available for allocation for allotment to Retail Individual Investors of up to Rs. [●] million |
| Non-Retail Investors Portion | Not more than [●] Equity Shares) will be available for allocation for allotment to Other Investors of above Rs. [●] million |
| Equity Shares outstanding prior to the Issue | 14,770,000 Equity Shares of face value of Rs.10/- each |
| Equity Shares outstanding after the Issue | [●] Equity Shares of face value of Rs.10/- each |
Zircon Technologies IPO Issue Object
These are the IPO Issue Objects of the company-
- Capital expenditure for setting up of new manufacturing facility at Dehradun
- Repayment/pre-payment, in full or part, of certain borrowings availed by the Company
- Working Capital Requirement
- General Corporate Purpose
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Zircon Technologies 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:
- One of the leading players in the labeling segment
- Emerging Player in brand security solutions
- Diversified range of products appealing to a wide range of industries
- In house development and adoption of latest technology
- Product design and manufacturing capabilities
- Experienced management with strong industry expertise
The relevant quantitative factors are:
On the basis of Standalone statement:-
| Basic & Diluted EPS | RONW (%) | NAV (Rs.)
( Before Bonus) |
NAV (Rs.)
(After Bonus) |
|
| 31-Mar-16 | 2.00 | 27.22 | – | – |
| 31-Mar-17 | 1.63 | 17.98 | – | – |
| 31-Mar-18 | 4.58 | 33.56 | 22.72 | 13.63 |
- Industry P/E Ratio:-
There are no listed peers in India which are engaged in a similar line of business or whose business is comparable with that of their business.
- Competitive Peers:-
There are no listed peers in India which are engaged in a similar line of business or whose business is comparable with that of their business.
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Zircon Technologies IPO Lead Managers
| Lead Managers |
| SYSTEMATIX CORPORATE SERVICES LIMITED The Capital, A Wing, 603-606,6th Floor, Plot No. C-70, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India. Telephone: +91 22 6704 8000 Fax: +91 22 6704 8022 E-mail: zircon@systematixgroup.in Website: www.systematixgroup.in Investor grievance email: zircon@systematixgroup.in Contact Person: Amit Kumar SEBI Registration No.: INM000004224 |
Zircon Technologies IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C 101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400 083 Maharashtra, India. Telephone: +91 22 4918 6200 Fax: +91 22 4918 6195 Email: zircon.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance email: zircon.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Other Details:
- Statutory Auditor – M/s Singhi & Co., Chartered Accountants
- Peer Review Auditor – M/s Singhi & Co., Chartered Accountants
- Bankers to the Company – Bank of India
Zircon Technologies 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 |
Zircon Technologies IPO Grey Market Premium
The Zircon Technologies 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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Zircon Technologies IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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