About Company’s Business:
They are identified as a key manufacturer of specialized product lines, catering to worldwide original equipment manufacturers (“OEMs”) in the energy, aerospace and defense, and oil and gas sectors. Their focus lies in producing intricately engineered, intricate components crucial for missions and life, as highlighted in the EY Report. The manufacturing process involves the creation of precision-forged and machined components with “zero parts per million” defects requirement for certain products, emphasizing their commitment to quality (Source: EY Report). As of September 30, 2023, their revenue reached ₹1,142.92 million, primarily driven by the sale of airfoils/blades for the energy industry, constituting 72.00% of their overall revenue from operations. Their clientele comprises global OEMs spanning the energy, aerospace and defense, and oil and gas sectors, including industry giants such as General Electric, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., Siemens Energy, Eaton Aerospace, and MAN Energy Solutions SE.
About the Industry:
The company boasts a diverse array of products spanning the energy, aerospace and defense, and oil and gas sectors. As a prominent player in the industry, they stand out as one of the primary manufacturers delivering specialized product lines to global original equipment manufacturers (OEMs). These OEMs are predominantly active in highly regulated sectors such as energy, aerospace and defense, and oil and gas industries. The company’s expertise lies in producing intricately engineered, complex, and mission-critical components essential for various applications, as highlighted in the EY Report.
Key Financial Information (â‚ą in million):
Certainly! Here’s a tabulated summary of the financial data:
| Particulars | Sep 30, 2023 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 |
|---|---|---|---|---|
| Equity Share Capital ($) | 99.11 | 16.52 | 15.13 | 15.13 |
| Total Equity ($) | 2,305.39 | 2,039.88 | 1,200.07 | 908.92 |
| Total Income ($) | 1,695.35 | 2,615.21 | 1,992.63 | 1,250.30 |
| Profit After Tax ($) | 268.89 | 84.73 | 294.57 | 115.00 |
| Profit Margin (%) | 16.94 | 3.37 | 15.15 | 9.37 |
| Earnings per Share – Basic (₹) | 5.43 | 1.79 | 6.49 | 2.53 |
| Earnings per Share – Diluted (₹) | 5.43 | 1.79 | 6.49 | 2.53 |
| EBIDTA Margin (%) | 33.09 | 28.72 | 32.02 | 22.94 |
| Return on Net Worth Ratio (%) | 11.86 | 4.23 | 25.37 | 12.65 |
| Net Asset Value per Equity Share (â‚ą) | 45.74 | 42.30 | 25.58 | 20.02 |
| Borrowings ($) | 3,249.36 | 3,006.01 | 1,971.80 | 877.13 |
This table provides a snapshot of the company’s financial performance and position for the specified periods.
Objective of the Issue:
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Funding capital expenditure of our Company.
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Repayment/ prepayment, in part or full, of certain borrowings availed by our Company.
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General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Wednesday, December 20, 2023 |
| Close Date | Friday, December 22, 2023 |
| Issue Size | â‚ą740.00 Crores |
| Price | â‚ą499 to â‚ą524 per share |
| Lot Size | 28 Shares |
| Basis of Allotment | Tuesday, December 26, 2023 |
| Initiation of Refunds | Wednesday, December 27, 2023 |
| Credit of Shares to Demat | Wednesday, December 27, 2023 |
| Listing Date | Thursday, December 28, 2023 |
How to apply for this IPO?
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