Company Overview

Founded in 1982, Sanstar Limited is a prominent manufacturer of speciality plant-based products and ingredient solutions in India. With a diverse product portfolio, the company caters to the food, pet food, and industrial sectors, offering ingredients that enhance taste, texture, and nutritional value.

Product Portfolio

Sanstar's extensive product line includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and by-products such as germ, gluten, fibre, and fortified proteins. These products serve various functions in the food industry, such as ingredients, thickeners, stabilizers, sweeteners, emulsifiers, and additives in items like baked goods, confectionery, pasta, soups, ketchup, sauces, creams, and desserts. In the pet food industry, these products act as nutritional ingredients, while in other industrial applications, they are used as disintegrants, excipients, supplements, coating agents, binders, and smoothing agents.

Manufacturing and Capacity

Sanstar Limited operates two manufacturing facilities located in Dhule, Maharashtra, and Kutch, Gujarat, covering a combined area of 10.68 million square feet (approximately 245 acres). With an installed capacity of 3,63,000 tons per annum (1,100 tons per day), Sanstar is one of India's largest corn-based speciality products and ingredients manufacturers.

Market Presence

Sanstar exports its products to 49 countries across Asia, Africa, the Middle East, America, Europe, and Oceania and has a strong domestic presence, with its products available in 22 Indian states. As of March 31, 2024, the company employed 271 individuals across its plants and headquarters, including 60 permanent employees. The company's leadership position in the industry is supported by its technical expertise, state-of-the-art manufacturing facilities, and a broad domestic and international client base.

Bidding Starts In

Sanstar IPO Specifics:

Sanstar IPO Lot Size

Bidders have the opportunity to bid for a minimum of 150 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

Sanstar IPO Reservation

Sanstar IPO Timetable (Important Dates)

Sanstar Limited IPO Financial Information

Sanstar Limited experienced a 10.58% decline in revenue, while its profit after tax (PAT) surged by 59.71% from the financial year ending on March 31, 2023, to March 31, 2024.

Key Performance Indicator - Sanstar IPO

Objects of the Issue:

The net proceeds from the Fresh Issue, after deducting offer expenses allocated to the company, are intended to be used for the following purposes:

• Funding the capital expenditure needed for the expansion of the Dhule facility;
• Repaying and/or pre-paying, either in part or in full, certain borrowings taken by the company; and
• General corporate purposes.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Sanstar Limited DRHP and Sanstar Limited RHP.

Frequently Asked Questions

The post Sanstar IPO Details - Complete Overview of Sanstar Limited IPO appeared first on Lakshmishree Blogs.

Company Overview

Incorporated in December 1985, Bansal Wire Industries Limited is India's leading stainless steel wire manufacturer. The company operates in three main segments: high-carbon steel wire, low-carbon steel wire (mild steel wire), and stainless steel wire. Bansal Wire produces over 3,000 different types of steel wire products, catering to more than 5,000 customers across various industries, which supports the company's growth and diversification.

Manufacturing Capabilities

The company operates four manufacturing units located in Mohan Nagar, Ghaziabad, Loni Industrial Area, Ghaziabad, and Bahadurgarh, Jhajjar, Haryana. With two units in the Loni Industrial Area, Bansal Wire Industries Limited is well-equipped to meet the demands of its diverse product portfolio. In Fiscal 2023, the company produced 72,176 MTPA of stainless steel wire and 206,466 MTPA of steel wire, representing 20% and approximately 4% market share, respectively, making it the largest stainless steel wire manufacturer and the second-largest steel wire manufacturer by volume in India.

Market Presence and Export Growth

Bansal Wire Industries Limited has a significant presence across India and exports products to over 50 countries, establishing itself as a key player in the global market. The company has 14 global representatives covering regions such as Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. The company's export turnover has grown at a CAGR of 47.15% over the last three fiscal years.

Business Strategy and Future Prospects

Bansal Wire follows a de-risking strategy by ensuring no single customer accounts for more than 5% of its sales, and no sector exceeds 25% of its sales, creating a balanced and resilient business model. The company operates on a "Cost Plus model," which helps mitigate the impact of commodity price fluctuations. With a legacy of 38 years, the company continues to expand its market presence by adding a new segment of speciality wires through its upcoming plant in Dadri, which will be one of the largest single-location manufacturing facilities of steel wire in Asia. Bansal Wire's diversified product mix and flexible plant capabilities allow it to adapt to industry demands, ensuring sustained growth and profitability.

Bidding Starts In

Bansal Wire IPO Specifics:

Bansal Wire IPO Lot Size

Bidders have the opportunity to bid for a minimum of 58 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

Bansal Wire IPO Reservation

Bansal Wire IPO Timetable (Important Dates)

Bansal Wire Industries Limited IPO Financial Information

Bansal Wire Industries Limited experienced a 1.99% increase in revenue and a 31.48% rise in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2023.

Key Performance Indicator - Bansal Wire IPO

Objects of the Issue:

The company intends to use the net proceeds from the issue for the following purposes:

• Repayment or prepayment of all or part of certain outstanding borrowings by the company and its subsidiary.
• Funding the company's working capital requirements.
• General corporate purposes.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Bansal Wire Industries Limited DRHP and Bansal Wire Industries Limited RHP.

Frequently Asked Questions

The post Bansal Wire IPO Details - Complete Overview of Bansal Wire Industries Limited IPO appeared first on Lakshmishree Blogs.

Company Overview

Incorporated in 1981, Emcure Pharmaceuticals Limited is an Indian pharmaceutical company that develops, manufactures, and globally markets a wide range of pharmaceutical products across several major therapeutic areas. Emcure Pharmaceuticals has established a strong presence in the Indian market, ranking 13th in domestic sales among pharmaceutical companies for MAT September 2023 and achieving the leading position in gynaecology and HIV antiviral therapeutic areas.

Manufacturing and Research Capabilities

Emcure Pharmaceuticals Limited operates 13 manufacturing facilities in India, producing a diverse range of pharmaceutical and biopharmaceutical products, including pills, liquids, injectables, and complex ingredients such as chiral molecules, iron molecules, and cytotoxic substances. The company employs 552 scientists and runs five research facilities in India. As of September 30, 2023, Emcure had filed over 1,800 documents globally, including 204 in the EU and 133 in Canada, with 201 granted patents and 33 pending patent applications.

Market Presence and Distribution Network

The company's marketing and distribution network in India is supported by over 5,000 field personnel who regularly interact with healthcare providers. Emcure’s extensive distribution network includes over 5,000 stockists, served by 37 carry-and-forward agents, ensuring a broad reach within the country. Their differentiated product portfolio, which includes orals, injectables, and biotherapeutics, has enabled Emcure to penetrate markets across over 70 countries, with a strong presence in India, Europe, and Canada.

Strengths and Future Prospects

Emcure Pharmaceuticals competitive advantage in the domestic market is driven by its diversified product portfolio, which has established a significant presence in major therapeutic areas like gynecology, cardiovascular, vitamins, minerals and nutrients, HIV antivirals, blood-related, and oncology/antineoplastics. Chronic therapeutic areas, which are expected to grow faster than acute ones, contributed significantly to the company's domestic sales. Emcure’s strengths include its brand-building capabilities, extensive and diversified manufacturing capacity, and strong R&D capabilities. The company is led by experienced promoters and a professional management team, positioning it well for future growth.

Bidding Starts In

Emcure Pharma IPO Specifics:

Emcure Pharma IPO Lot Size

Bidders have the opportunity to bid for a minimum of 14 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

Emcure Pharma IPO Reservation

Emcure Pharma IPO Timetable (Important Dates)

Emcure Pharmaceuticals Limited IPO Financial Information

Emcure Pharmaceuticals Limited saw an 11.33% increase in revenue, while its profit after tax (PAT) decreased by 6.1% between the financial years ending March 31, 2024, and March 31, 2023.

Key Performance Indicator - Emcure Pharma IPO

Objects of the Issue:

The company plans to use the net proceeds for the following purposes:

1. Repayment and/or prepayment of all or part of certain outstanding borrowings.
2. General corporate purposes.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Emcure Pharmaceuticals Limited DRHP and Emcure Pharmaceuticals Limited RHP.

Frequently Asked Questions

The post Emcure Pharma IPO Details - Complete Overview of Emcure Pharmaceuticals Limited IPO appeared first on Lakshmishree Blogs.

Company Overview

Founded in June 2004, Vraj Iron and Steel Limited specializes in manufacturing Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. Operating from two expansive manufacturing facilities spanning 52.93 acres in Raipur and Bilaspur, Chhattisgarh, the company has positioned itself as a significant player in the steel industry. As of March 31, 2023, their combined annual manufacturing capacity reaches 231,600 tons, encompassing intermediate and final products.

Manufacturing Capabilities:

Vraj Iron and Steel Limited's Raipur and Bilaspur plants collectively contribute to their robust production capabilities. The Raipur facility also includes a captive power plant with a current capacity of 5 MW, enhancing operational efficiency. Looking ahead, the company plans to expand both its manufacturing and power generation capacities. By the fiscal year 2024-25, they aim to increase their manufacturing capacity to 500,100 tons per annum, and boost the captive power plant capacity to 20 MW. These expansions are poised to meet growing market demands and strengthen their competitive edge in the industry.

Product Portfolio and Market Presence:

The company's product portfolio caters to diverse industrial customers and end-users, offering Sponge Iron, TMT Bars, MS Billets, and various by-products, including Dolochar, Pellets, and Pig Iron. Their offerings serve both domestic and international markets, distributed directly and through a network of brokers and dealers. Notably, their Raipur Plant has attained the ISO 14001:2015 certification for Environmental Management Systems, underscoring their commitment to sustainable manufacturing practices and continuous improvement initiatives.

Workforce and Operations:

As of June 30, 2023, Vraj Iron and Steel Limited employs a dedicated workforce of 533 individuals, comprising 298 permanent employees and 235 contract workers. The workforce is distributed across their corporate office, Raipur Plant, and Bilaspur Plant, contributing to the company's operational efficiency and growth trajectory. With a focus on expanding capacities and enhancing product offerings, Vraj Iron and Steel remains poised for further expansion and sustained success in the steel manufacturing sector.

Bidding Starts In

Vraj Iron and Steel IPO Specifics:

Vraj Iron and Steel IPO Lot Size

Bidders have the opportunity to bid for a minimum of 72 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

Vraj Iron and Steel IPO Reservation

Vraj Iron and Steel IPO Timetable (Important Dates)

Vraj Iron and Steel Limited IPO Financial Information

Vraj Iron and Steel Limited saw a 24.87% rise in revenue and an 88.12% increase in profit after tax (PAT) from the financial year ending on March 31, 2022, to March 31, 2023.

Key Performance Indicator - Vraj Iron and Steel IPO

Objects of the Issue:

The company intends to allocate the Net Proceeds as follows:

1. Funding capital expenditure for the "Expansion Project" at the Bilaspur Plant.
2. Repaying or prepaying borrowings from HDFC Bank, which were utilized for capital expenditure towards the "Expansion Project" at the Bilaspur Plant.
3. Additional capital expenditure towards the "Expansion Project" at the Bilaspur Plant.
4. Meeting general corporate purposes.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Vraj Iron and Steel Limited DRHP and Vraj Iron and Steel Limited RHP.

Frequently Asked Questions

The post Vraj Iron and Steel IPO Details - Complete Overview of Vraj Iron and Steel Limited IPO appeared first on Lakshmishree Blogs.

Company Overview

Founded in 2008, Allied Blenders and Distillers Limited is a leading Indian-made foreign liquor company renowned for its extensive range of spirits. Specializing in whisky, brandy, rum, and vodka, the company is recognized globally for brands like Officer's Choice Whisky, a top-seller since its introduction in 1988. Operating from a state-of-the-art distillery in Rangapur, Telangana, Allied Blenders emphasizes quality and innovation in its production processes.

Product Portfolio

Allied Blenders and Distillers Limited boasts a robust portfolio comprising 17 major brands of Indian-made foreign liquor. These brands span across whisky, brandy, rum, and vodka categories, catering to diverse consumer preferences and market segments. Notable brands include Officer's Choice, Officer's Choice Blue, Sterling Reserve, and ICONiQ Whisky, all of which have achieved 'Millionaire Brands' status by selling over a million 9-litre cases annually. This diversified portfolio underscores the company's commitment to offering high-quality spirits that resonate with both domestic and international markets.

Network and Expansion:

As of December 2021, Allied Blenders exports its products to 22 international markets across the Middle East, North and South America, Africa, Asia, and Europe. Domestically, the company operates 30 bottling facilities, including owned, operated, and contract facilities, ensuring efficient production and distribution nationwide. Recognized as the largest Indian-owned Indian-made foreign liquor company and the third largest in India by sales volumes, Allied Blenders continues to expand its presence with a pan-India sales and distribution network. With an estimated market share of 11.8% in the Indian whisky market for Fiscal 2023, the company remains committed to sustained growth through strategic expansion and product innovation.

Bidding Starts In

Allied Blenders IPO Specifics:

Allied Blenders IPO Lot Size

Bidders have the opportunity to bid for a minimum of 53 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

Allied Blenders IPO Reservation

Allied Blenders IPO Timetable (Important Dates)

Allied Blenders and Distillers Limited IPO Financial Information

Between the fiscal years concluding on March 31, 2023, and March 31, 2022, Allied Blenders and Distillers Limited encountered a reduction of 1.27% in revenue, whereas its profit after tax (PAT) surged by 8.47%.

Key Performance Indicator - Allied Blenders IPO

Objects of the Issue:

The company intends to use the funds from the Net Proceeds for the following purposes:

• To prepay or schedule repayment of a portion of its existing borrowings.
• For general corporate purposes.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Allied Blenders and Distillers Limited IPO DRHP .

Frequently Asked Questions

The post Allied Blenders IPO Details - Complete Overview of Allied Blenders and Distillers Limited IPO appeared first on Lakshmishree Blogs.

Company Overview

Founded in 2007, Stanley Lifestyles Limited has established itself as a leading manufacturer of super-premium and luxury furniture under its brand "Stanley". The company is renowned for its diverse product portfolio catering to upscale markets.

Product Range

Stanley Lifestyles Limited offers an extensive range of furniture and home interior solutions across several categories:

• Seating Furniture: The company designs and produces a variety of seating options, including sofas, sofa beds, recliners, dining chairs, pouffes, bar stools, and cushions, combining comfort with sophisticated design.
• Cased Goods: Specializing in furniture with solid wood casings, Stanley Lifestyles offers coffee tables, dining tables, end tables, and consoles, emphasizing durability and aesthetic appeal.
• Kitchens and Cabinets: Their kitchen and cabinetry offerings include a wide array of products such as kitchens, wardrobes, laundry/utility cupboards, bar cabinets, shoe racks, prayer cupboards, and bedside tables, catering to diverse style preferences and functional needs.
• Mattresses and Beds: The company manufactures bed frames, mattresses, pillows, and accessories, enhancing sleep comfort and bedroom aesthetics with premium craftsmanship.
• Automotive and Other: Beyond home furnishings, Stanley Lifestyles provides customizable shoes and leather seat covers for automobiles. They also import and sell ancillary products like lighting fixtures, switches, and locally sourced carpets under private labels, offering comprehensive interior solutions.

Retail Presence

As of December 31, 2023, Stanley Lifestyles Limited operates an extensive retail network:

Company-Owned and Operated (COCO) Stores: With 38 stores strategically located in major metropolitan cities including Bengaluru, Chennai, New Delhi, Mumbai, and Hyderabad, these stores showcase the company's luxurious furniture collections and ensure a direct customer engagement experience.

Franchisee-Owned and Operated (FOFO) Stores: The company also manages 24 franchisee-owned stores across 21 cities in 11 Indian states and Union Territories, expanding their market reach and accessibility across diverse regions.

Operations and Infrastructure

Stanley Lifestyles Limited's operational capabilities are supported by:

• Product Development:
  Spanning approximately 15,000 square feet in Bengaluru, Karnataka, their product development department drives innovation and quality control, essential for maintaining high standards in furniture craftsmanship.
• Employee Base:
  As of December 31, 2023, the company employs 778 individuals across its manufacturing and retail operations, ensuring efficient production and customer service excellence.

Stanley Lifestyles Limited continues to uphold its commitment to luxury, innovation, and customer satisfaction, setting benchmarks in the premium furniture industry with its comprehensive product offerings and strategic market presence.

Bidding Starts In

Stanley Lifestyles IPO Specifics:

Stanley Lifestyles IPO Lot Size

Bidders have the opportunity to bid for a minimum of 40 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

Stanley Lifestyles IPO Reservation

Stanley Lifestyles IPO Timetable (Important Dates)

Stanley Lifestyles Limited IPO Financial Information

Between March 31, 2022, and March 31, 2023, Akme Fintrade India Ltd witnessed a 3.06% growth in revenue and a significant 283.5% increase in profit after tax (PAT).

Key Performance Indicator - Stanley Lifestyles IPO

Objects of the Issue:

The company plans to use the Net Proceeds for the following purposes:

1. Funding the opening of new stores such as "Stanley Level Next," "Stanley Boutique," and "Sofas & More by Stanley" (referred to as "New Stores").
2. Financing the establishment of anchor stores ("Anchor Stores").
3. Supporting the renovation of existing stores like "Stanley Level Next," "Stanley Boutique," and "Sofas & More by Stanley" (referred to as "Existing Stores").
4. Meeting the capital expenditure needs for acquiring new machinery and equipment for both the company and its Material Subsidiary, SOSL.
5. Covering general corporate expenses.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Stanley Lifestyles Limited IPO DRHP and Stanley Lifestyles Limited RHP.

Frequently Asked Questions

The post Stanley Lifestyles IPO Details - Complete Overview of Stanley Lifestyles Limited IPO appeared first on Lakshmishree Blogs.

Company Overview

Incorporated in 1996, Akme Fintrade India Ltd, also known as Aasaan Loans, is a non-banking financial company (NBFC) with over 20 years of experience. Registered with the Reserve Bank of India as a non-systemically important non-deposit-taking NBFC, the company focuses on providing lending solutions tailored to the rural and semi-urban populations in India.

Operational Presence

Akme Fintrade operates across four Indian states: Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. With a registered office in Udaipur, Rajasthan, and a corporate office in Mumbai, Maharashtra, the company has established a strong presence with 12 branches and over 25 points of presence, including digital and physical branches. To date, Akme Fintrade has served more than 200,000 customers, emphasizing its commitment to reaching underpenetrated markets.

Product Offerings

Akme Fintrade's portfolio includes Vehicle Finance and Business Finance products designed for small business owners and individuals in rural and semi-urban areas. The company finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto-rickshaws, catering to salaried professionals and self-employed non-professionals. The company has maintained a strong track record of financial performance and operational efficiency through high rates of customer acquisition and retention, as well as cost-effective expansion into underpenetrated markets.

Digital Initiatives

Akme Fintrade is expanding its reach with a new digital lending platform, www.aasaanloans.com, which is set to go live soon. Currently in the User Acceptance Testing (UAT) phase with a select group of users, the platform initially focuses on two-wheeler finance. Future phases will introduce products for loans against property, commercial vehicle financing, and secured business loans. This digital initiative aims to enhance the company's service delivery and accessibility, further solidifying its presence in the rural and semi-urban financial markets.

Bidding Starts In

Aasaan Loans IPO Specifics:

Aasaan Loans IPO Lot Size

Bidders have the opportunity to bid for a minimum of 125 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

Aasaan Loans IPO Reservation

Aasaan Loans IPO Timetable (Important Dates)

Akme Fintrade India Limited IPO Financial Information

Between March 31, 2022, and March 31, 2023, Akme Fintrade India Ltd witnessed a 3.06% growth in revenue and a significant 283.5% increase in profit after tax (PAT).

Key Performance Indicator - Aasaan Loans IPO

Objects of the Issue:

Akme Fintrade India Limited plans to apply the Net Proceeds received from the Issue to enhance the company's capital foundation in order to satisfy its upcoming capital needs, which are expected to emerge due to the growth of the business and assets. Furthermore, a segment of the proceeds generated from the Issue will be allocated to cover expenses associated with the Issue.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Akme Fintrade India Limited IPO DRHP and Akme Fintrade India Limited RHP.

Frequently Asked Questions

The post Aasaan Loans IPO Details - Complete Overview of Akme Fintrade India Limited IPO appeared first on Lakshmishree Blogs.

Business Overview

Founded in 1988, DEE Development Engineers Limited specializes in process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other sectors. The company is globally recognized for its technical ability to address complex process piping requirements.

Product Offerings

The company manufactures and supplies high-pressure piping systems, piping spools, high-frequency induction pipe bends, longitudinally submerged arc welding pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids, and accessories such as boiler superheater coils, de-superheaters, and customized components.

Manufacturing Facilities and Capacity

DEE operates seven manufacturing facilities in Palwal (Haryana), Anjar (Gujarat), Barmer (Rajasthan), Numaligarh (Assam), and Bangkok (Thailand). For the nine months ended December 31, 2023, these facilities had a cumulative installed capacity of 70,875 MT, with annual capacities of 94,500 MT, 91,500 MT, and 86,500 MT for Fiscal 2023, 2022, and 2021, respectively.

Specialized Engineering Services

DEE provides comprehensive process piping solutions, including pre-bid, basic, detailed, and support engineering for process and power piping systems. Their pre-fabrication services include cutting and beveling, welding, radiography, post-weld heat treatment, hydro testing, pickling and passivation, grit blasting, and painting. The company handles complex metals, including various grades of carbon steel, stainless steel, super duplex stainless steel, alloy steel, Inconel, and Hastelloy. Recently, DEE expanded into designing, engineering, fabricating, and manufacturing pilot plants at Palwal Facility III.

Bidding Starts In

DEE Piping Systems IPO Specifics:

DEE Piping Systems IPO Lot Size

Bidders have the opportunity to bid for a minimum of 73 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

DEE Piping Systems IPO Reservation

DEE Piping Systems IPO Timetable (Important Dates)

DEE Development Engineers Limited IPO Financial Information

DEE Development Engineers Limited experienced a substantial 30.47% growth in revenue and a significant 58.25% increase in post-tax profit (PAT) between the fiscal years ending on March 31, 2022, and March 31, 2023.

Key Performance Indicator - DEE Piping Systems IPO

Objects of the Issue:

The company plans to use the proceeds from the fresh issue for the following purposes:

• Meeting the working capital needs
• Repaying a portion or all of the outstanding borrowings
• General corporate purposes

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. DEE Development Engineers Limited IPO DRHP and DEE Development Engineers Limited RHP.

Frequently Asked Questions

The post DEE Piping Systems IPO Details - Complete Overview of DEE Development Engineers Limited IPO appeared first on Lakshmishree Blogs.

Foundation & Business Essence

Established in 2006, Le Travenues Technology Limited is a pioneering online travel agency (OTA). Operating under the brand name "ixigo," it empowers travellers to effortlessly reserve train, flight, and bus tickets, along with accommodations, through its comprehensive OTA platforms.

Services Offered

The company provides a range of travel booking services, including train, flight, and bus tickets and hotel reservations. Their offerings include PNR status and confirmation predictions, train seat availability alerts, real-time train running status updates and delay predictions, alternative route planning, flight status updates, automated web check-in, and bus running status.

Ixigo also offers price and availability alerts, deal discovery, destination content, personalized recommendations, instant flight fare alerts, an AI-based travel planning service, and automated customer support.

Recently, ixigo launched ixigo PLAN, an AI-based travel planner with detailed itineraries and real-time destination information, and a generative AI plugin for conversational interactions. They also introduced ixigo Assured Flex, a service for fully flexible air and rail ticket bookings.

OTA Platforms

The various OTA platforms provided by ixigo are:

1. ixigo trains and Confirmtkt app: Streamlining travel planning and booking, these platforms empower users to search for available train tickets across India effortlessly. Users can book and pay for selected tickets, receive them through various fulfilment methods like email, SMS, and WhatsApp, access real-time train information, and receive essential post-sales support.
2. ixigo-flights mobile app: Seamlessly searches and books all travel essentials, including air tickets, train tickets, buses, and hotels. Users can conveniently access past and future bookings, review and update booking details, and request e-tickets and information through messaging platforms. Available on both Android and iOS platforms.
3. Abhibus app: Explore amenities, compare booking prices, check bus schedules, and utilize other features with ease. Accessible via the website or mobile app for hassle-free travel planning.

The company boasts a cumulative 83 million monthly active users across its apps, as of September 2023.

Market Presence and Vision

Ixigo focuses on empowering Indian travelers through AI, machine learning, and data science innovations. They target the ‘next billion user’ market segment, which includes non-Tier I cities and rural areas, as well as middle and lower-income groups in Tier I cities. According to a F&S Report, in the next five years, 20% of these users will emerge from Tier I cities, 50% from Tier II and III cities, and 30% from rural India.

Ixigo’s vision is to become the most customer-centric travel company by leveraging technology, cost-efficiency, and a culture of innovation to provide an exceptional customer experience. Their platforms enable comprehensive travel bookings while offering a suite of travel utility tools and services developed using proprietary algorithms and crowd-sourced information.

Bidding Starts In

Ixigo IPO Specifics:

Ixigo IPO Lot Size

Bidders have the opportunity to bid for a minimum of 161 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

Ixigo IPO Reservation

Ixigo IPO Timetable (Important Dates)

Le Travenues Technology Limited IPO Financial Information

Le Travenues Technology Limited saw a significant uptick in revenue, with a 34.46% increase and a remarkable surge of 210.91% in profit after tax (PAT) between the fiscal years ending on March 31, 2023, and March 31, 2022.

Key Performance Indicator - Ixigo IPO

Objects of the Issue:

The company plans to allocate the Net Proceeds for the following purposes:

• Partially funding the company's working capital requirements.
• Investing in cloud infrastructure and technology.
• Supporting inorganic growth through acquisitions and other strategic initiatives, as well as general corporate purposes.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Le Travenues Technology Limited IPO DRHP

Frequently Asked Questions

The post Ixigo IPO Details - Complete Overview of Le Travenues Technology Limited IPO appeared first on Lakshmishree Blogs.

Foundation & Business Essence

Incorporated in 2008, Kronox Lab Sciences Limited is a leading manufacturer of high-purity specialty fine chemicals serving diverse industries.

Product Portfolio

The company’s extensive product portfolio includes over 185 chemicals, such as phosphates, sulphates, acetates, chlorides, citrates, nitrates, nitrites, carbonates, EDTA derivatives, hydroxides, succinates, and gluconates. These high-purity chemicals are essential for various applications, including manufacturing APIs, pharmaceutical formulations, scientific research, nutraceuticals, biotech applications, agrochemical formulations, personal care products, metal refineries, and animal health products.

Network and Presence

Kronox Lab Sciences Limited has established a significant global presence, exporting its products to over 20 countries. Key export markets include the United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, the United Kingdom, Belgium, the United Arab Emirates, and China. The company’s ability to cater to international clients underscores its commitment to quality and reliability, making it a trusted supplier of specialty fine chemicals worldwide.

Manufacturing and Certifications

The company operates three state-of-the-art manufacturing facilities located in Vadodara, Gujarat, covering a total area of 17,454 square meters with an installed capacity of 7,242 TPA as of December 31, 2023. Strategically situated near the seaports of Mundra, Kandla, Hazira, and Nhava Sheva, these facilities hold several prestigious certifications, including FSSC 22000 (Version 5), ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.

Additionally, Unit I has products that are Kosher, Halal, GMP, and GLP certified. As of the end of 2023, Kronox Lab Sciences Limited is actively engaged in research and development of 122 new products, reinforcing its commitment to innovation and quality.

Bidding Starts In

Kronox Lab Sciences IPO Specifics:

Kronox Lab Sciences IPO Lot Size

Bidders have the opportunity to bid for a minimum of 110 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

Kronox Lab Sciences IPO Reservation

Kronox Lab Sciences IPO Timetable (Important Dates)

Kronox Lab Sciences Limited IPO Financial Information

Between the fiscal years ending March 31, 2022, and March 31, 2023, Kronox Lab Sciences Limited experienced a notable surge in revenue, marking a 16.99% increase. Additionally, the company's post-tax profit (PAT) saw a substantial rise of 21.94%.

Key Performance Indicator - Kronox Lab Sciences IPO

Objects of the Issue:

The objectives of this offer include:

1. Conducting the offer for sale of up to 95,70,000 equity shares by the promoter selling shareholders.
2. Realizing the advantages of listing the equity shares on the stock exchanges.

Additionally, the company anticipates that the proposed listing will bolster visibility and brand image, offer liquidity to current shareholders, and establish a public market for equity shares in India.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Kronox Lab Sciences IPO DRHP and Kronox Lab Sciences IPO RHP

Frequently Asked Questions

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