Ishan International Limited IPO Detail
Incorporated in 1995, Ishan International Limited is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants and pollution control systems. The company also provides high-end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals and Pollution Control Systems.
The company is selling heavy engineering equipment in international markets on various overseas projects, particularly in the Philippines, Vietnam and Indonesia to esteemed clients like Busco Sugar Milling Co. Inc, Universal RRobina CorporationC Group, First Farmer Holding Corporation FFHC, Sonedco, Sunwest, Navetco-National Veterinary Joint Stock Company, Minh Dan Pharmaceutical Joint Stock Company, Thien Tan, Song Da Group, NCC, Kosy Group, Tra Linh, PBT PT. Purnama Bohler Technologi, GMMPT.
Ishan International Limited has set up overseas offices in the Philippines, Indonesia, Hanoi (Vietnam), Ho Chi Minh City (Vietnam) and Kenya (in the process). The company's core strength Quality Management System in place under ISO 9001: 2015.
Ishan International Limited's products include ESPs, Jaggery Plant and Equipment, Cane Crushing Equipment, Mill Cheeks, Gear Boxes, Rope Couplings, Ropeless Couplings, Square Couplings, Automation Equipment, Complete Rollers, Bare Shells, Hammers Tips, Shafts, Juice Rings, Fibrizer, AC Motor for 1500KW Mill Drive with Accessories, Grooving Tools, Tableting machines, Powder filling lines, Liquid filling lines, Lab equipment, Sterilizing tunnels, Washing machines, AHUs, Filters, Distillation units, Automatic High-Speed Labeling Machine, Tablet Dissolution Test Apparatus, Pure Steam Generator, among other.
Competitive Strengths :
- Strong brand presence in South-East Asia.
- Diversification in various sectors ensures steady revenue.
- A combination of experience and expertise.
- Sustainable and Strong Order Book.
- Focus on quality, cost efficiencies and timely implementation.
- High Customer Satisfaction.
- Well Established Supply and Logistic Chain.
- Strong Risk Management.
Company Promoters
Mr. Shantanu Srivastava is the company promoter.IPO Details
| IPO Opening Date | Sep 09, 2022 |
| IPO Closing Date | Sep 14, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹80 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹18.24 Cr |
| Fresh Issue | 2,280,000 shares of ₹10 (aggregating up to ₹18.24 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.00x | 0.16x | 0.08x | |
| Day 2 | - | - | 0.04x | 0.51x | 0.27x | |
| Day 3 | - | - | 0.17x | 0.83x | 0.50x | |
| Day 4 | - | - | 1.60x | 1.65x | 1.62x |
IPO Tentative Timetable
The Ishan International Limited IPO open date is Sep 09, 2022, and the close date is Sep 14, 2022. The issue may list on Sep 22, 2022.
| IPO Open Date | Sep 09, 2022 |
| IPO Close Date | Sep 14, 2022 |
| Basis of Allotment Date | Sep 19, 2022 |
| Initiation of Refunds | Sep 20, 2022 |
| Credit of Shares to Demat Account | Sep 21, 2022 |
| IPO Listing Date | Sep 22, 2022 |
IPO Lot Size
The Ishan International Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹128000 |
| Maximum | 1 | 1600 | ₹128000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.61% |
| Post Issue Share Holding | 65.21% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 1704.15 | 2272.56 | 28.42 |
| 31-Mar-21 | 1452.52 | 2271.2 | 15.05 |
| 31-Mar-22 | 2168.87 | 2174.31 | 127.15 |
Objects of the Issue:
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1) Funding the Proposed Joint Venture and/or Acquisition.
2) To meet the Working Capital requirements.
3) General Corporate Expenses.
Ishan International Limited IPO Registrar:
KFin Technologies Limited
Ishan International Limited IPO Lead Manager(s):
First Overseas Capital Limited (Past IPO Performance)
Company Contact Information:
Ishan International Limited
607, Chiranjiv Tower, Nehru Place, New Delhi 110019
New Delhi
New Delhi
