Website: http://ahlada.com/
NSE SME IPO : Open till 18th Sep
Its a must subscribe IPO...below are the details about the company and why i am super positive on it
(1) The company is in the business of manufacturing steel doors and windows (steel-frame) and we cater to customers across various segments and industries. They currently have our facilities spread across 3 manufacturing units in addition to one assembling unit and stockyard, with an area admeasuring 34,211 square yards on the outskirts of Hyderabad. Additionally, they are also in the business of manufacturing cleanroom equipment for our customers in the pharmaceutical, biotechnology and food industries.
Below are the products of the company
(2) Gradually expanding our manufacturing facilities and have over the past decade, expanded the facilities to its current form and capacity. Presently, they have an installed capacity to manufacture 11,000 doors per month.
(3) Revenues and profitability for the last three years are depicted below:
(4) Ahlada is shifting its focus from clean door to steel door. They have got a big order from Tata steel for Pravesh door brands and this is the main reason why they are going for the IPO so that they can scale up their operation and meet the order
https://www.business-standard.com/article/companies/ahlada-engineers-takes-ipo-route-after-exclusive-biz-deal-with-tata-steel-118091000378_1.html
Also go through the website which will give you further information about this order
http://www.tatapravesh.com/
Management wants to expand their door supply from 11000 doors to 36000 doors per month with the proceeds of this IPO.
Below are the IPO Details
The asking P/E of this IPO is around 24 however if we focus on the massive expansion which is expected then Forward P/E is in the range of 6-7 which I think its extremely cheap and with strong order book giving the backing to the management, this looks an extremely lucrative IPO to apply for esp with TATA backing.
Please note that I am not a SEBI registered. This is an educational website and given that I am applying for this IPO too so my views might be biased.
NSE SME IPO : Open till 18th Sep
Its a must subscribe IPO...below are the details about the company and why i am super positive on it
(1) The company is in the business of manufacturing steel doors and windows (steel-frame) and we cater to customers across various segments and industries. They currently have our facilities spread across 3 manufacturing units in addition to one assembling unit and stockyard, with an area admeasuring 34,211 square yards on the outskirts of Hyderabad. Additionally, they are also in the business of manufacturing cleanroom equipment for our customers in the pharmaceutical, biotechnology and food industries.
Below are the products of the company
(2) Gradually expanding our manufacturing facilities and have over the past decade, expanded the facilities to its current form and capacity. Presently, they have an installed capacity to manufacture 11,000 doors per month.
(3) Revenues and profitability for the last three years are depicted below:
(4) Ahlada is shifting its focus from clean door to steel door. They have got a big order from Tata steel for Pravesh door brands and this is the main reason why they are going for the IPO so that they can scale up their operation and meet the order
https://www.business-standard.com/article/companies/ahlada-engineers-takes-ipo-route-after-exclusive-biz-deal-with-tata-steel-118091000378_1.html
Also go through the website which will give you further information about this order
http://www.tatapravesh.com/
Management wants to expand their door supply from 11000 doors to 36000 doors per month with the proceeds of this IPO.
Below are the IPO Details
Issue Open Date
11-09-2018
Issue Close Date
18-09-2018
Listing Date
N/A
Face Value (Rs)
10.00
Offer Price/Range (Rs)
147.00-150.00
Issued at (Value)
Premium (140.00)
Issue Size (Retail)
1131900.00Shares@150.00/share
Issue Type
Public Issue (Book Building)
The asking P/E of this IPO is around 24 however if we focus on the massive expansion which is expected then Forward P/E is in the range of 6-7 which I think its extremely cheap and with strong order book giving the backing to the management, this looks an extremely lucrative IPO to apply for esp with TATA backing.
Please note that I am not a SEBI registered. This is an educational website and given that I am applying for this IPO too so my views might be biased.
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