EP Biocomposites Limited IPO Detail
Incorporated in 2020, EP Biocomposites Limited is the manufacturer and supplier of fibre reinforced polymers (FRP) products such as door shutters, frames, Biodigestor Tanks, Bio toilets and allied products for construction and Industrial applications which meets customer requirements. The Company got into the high potential sector of wastewater recycling in 2021.
The company focus on giving sanitation solutions to those who do not have access to toilets, as well as to those who have toilets but face trouble treating and managing the waste through septic tanks. The company also provide sanitation infrastructure and human waste management solutions and services, involving innovative and simple bio-digester technology licensed from the Defence Research and Development Organisation (DRDO) and Industry Interface and Technology Management, operating under the aegis of DRDO, Ministry of Defence, Government of India.
EP Biocomposites Limited has supplied more than 2,00,000 doors, thereby saving thousands of trees and has supplied more than 2,500 Bio toilets to households, helping in the reduction of open defecation thereby contributing to clean and green surroundings.
The revenue from operations was Rs 805.96, Rs 294.80 lakhs and Rs 56.81 lakhs for Fiscal 2022, 2021 and 2020 respectively.
Company Promoters
Leena Kamat and Rajkumar Kamat are the company promoters.IPO Details
| IPO Opening Date | Aug 29, 2022 |
| IPO Closing Date | Sep 05, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹126 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹6.35 Cr |
| Fresh Issue | 504,000 shares of ₹10 (aggregating up to ₹6.35 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.55x | 2.11x | 1.33x | |
| Day 2 | - | - | 0.66x | 3.65x | 2.15x | |
| Day 3 | - | - | 0.84x | 5.23x | 3.03x | |
| Day 4 | - | - | 21.58x | 15.44x | 18.51x |
IPO Tentative Timetable
The EP Biocomposites Limited IPO open date is Aug 29, 2022, and the close date is Sep 05, 2022. The issue may list on Sep 13, 2022.
| IPO Open Date | Aug 29, 2022 |
| IPO Close Date | Sep 05, 2022 |
| Basis of Allotment Date | Sep 08, 2022 |
| Initiation of Refunds | Sep 09, 2022 |
| Credit of Shares to Demat Account | Sep 12, 2022 |
| IPO Listing Date | Sep 13, 2022 |
IPO Lot Size
The EP Biocomposites Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹126000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹126000 |
| Maximum | 1 | 1000 | ₹126000 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.97% |
| Post Issue Share Holding | 69.40% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 55.16 | 56.83 | 3.15 |
| 31-Mar-21 | 132.38 | 295.23 | 35.8 |
| 31-Mar-22 | 927.69 | 807.55 | 80.94 |
Objects of the Issue:
The Objects of the Net Proceeds from Fresh Issue is to raise funds for :
a) Long-term lease deposit for Manufacturing Facility Part Repayment of Loan.
b) Funding Working Capital Requirement.
c) General Corporate Purpose.
EP Biocomposites Limited IPO Registrar:
Bigshare Services Pvt Ltd
EP Biocomposites Limited IPO Lead Manager(s):
Aryaman Financial Services limited (Past IPO Performance)
Company Contact Information:
EP Biocomposites Limited
C/o OM Ventures, Shed No D-2/12, Bicholim Industrial Estate, Bicholim
Goa
Goa
