Shakun Polymers Ltd IPO: Reviews, Recommendations, GMP Today, Live Subscription Status, Important Dates, Allotment - IPO Reviews

Sunday, May 20, 2018

Shakun Polymers Ltd IPO: Reviews, Recommendations, GMP Today, Live Subscription Status, Important Dates, Allotment

Shakun Polymers Ltd., one of the leading players in the cables and wire market has filed its draft papers with the market regulator SEBI earlier this month. The IPO comprises of the fresh issue of shares worth Rs75 crore and an offer for sale of up to 18 lakh equity stocks by the existing shareholders of the company. 

This Vadodara based company manufactures speciality compounds, which find different applications across a wide spectrum of the wire and cable industry such as power cables, building wires, telecommunication & fibre optic cables, instrumentation cables and photovoltaic cables. Shakun Polymers Ltd has two manufacturing facilities one in Halol district in Gujarat and the second one at Daman. The total installed capacity of the company is of over 25,000 tonnes per annum. The company will use the proceeds for setting up of a new unit for manufacturing HFFR compounds and other general corporate purposes.
Shakun Polymers Ltd IPO: Reviews, Recommendations, GMP Today, Live Subscription Status, Important Dates, Allotment

Financials:

The revenue from operations over the last three years of time grew at a CAGR of 19.16%, the EBIDTA grew at 19.63% and the PAT grew at  32.84%.

The PAT Margin for fiscal 2017 stood at 6.47% and at the same time for fiscal 2015, the PAT Margin was 4.58%. 

The Earnings Per Share (EPS)

EPS has increased from Rs 4.37 in fiscal 2015 to Rs 7.71 in fiscal 2107. 

The Return on Net Worth (RoNW): 

Means the  Net Profit After Tax as restated, attributable to the owners of the Company *100/Net worth as restated at the end of the year/period.

Net Worth = Equity Share Capital + Securities Premium Account + General Reserve + Surplus/(Deficit) in the statement of profit and loss + Reserves created out of profits but does not include revaluation reserve.

The Return on Net Worth as of fiscal 2017 is 22.43%. Whereas for fiscal 2015, the same was 19.25%.

Comparison with the listed industry peers: 

There are no listed entities similar to the line of business and comparable to the scale of operations. Accordingly, it is not possible to provide an industry comparison in relation to this company.

Once the company files Draft Red Herring prospectus with NSE and BSE, we will update all the other details like important dates, offer price, reviews, recommendations by SP Tulsian, GMP today, live subscription status, allotment status.

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