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Add-Shop Promotions IPO is a fixed price issue of ₹6.23 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹6.23 crore.
Add-Shop Promotions IPO bidding started from Aug 21, 2018 and ended on Aug 30, 2018. The allotment for Add-Shop Promotions IPO was finalized on Sep 5, 2018. The shares got listed on BSE SME on Sep 10, 2018.
Add-Shop Promotions IPO price is ₹26.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,08,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to Add-Shop Promotions IPO RHP for detailed Information.
| IPO Date | August 21, 2018 to August 30, 2018 |
| Listing Date | September 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,96,000 shares (aggregating up to ₹6.23 Cr) |
| Reserved for Market Maker | 1,32,000 shares Guiness Securities Ltd. (aggregating up to ₹0.3432 Cr) |
| Net Offered to Public | 22,64,000 shares (aggregating up to ₹5.89 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 40,78,125 shares |
| Share Holding Post Issue | 64,74,125 shares |
Add-Shop Promotions IPO offers total 23,96,000 shares. Out of which 11,32,000 (47.25%) allocated to NII, 11,32,000 (47.25%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,32,000 (5.51%) |
| NII (HNI) Shares Offered | 11,32,000 (47.25%) |
| Retail Shares Offered | 11,32,000 (47.25%) |
| Total Shares Offered | 23,96,000 (100.00%) |
Add-Shop Promotions IPO opens on August 21, 2018, and closes on August 30, 2018.
| IPO Open Date | Tue, Aug 21, 2018 |
| IPO Close Date | Thu, Aug 30, 2018 |
| Tentative Allotment | Wed, Sep 5, 2018 |
| Initiation of Refunds | Thu, Sep 6, 2018 |
| Credit of Shares to Demat | Fri, Sep 7, 2018 |
| Tentative Listing Date | Mon, Sep 10, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 30, 2018 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,04,000 |
| Retail (Max) | 1 | 4,000 | ₹1,04,000 |
| HNI (Min) | 2 | 8,000 | ₹2,08,000 |
Incorporated in 2013, Gujarat based Add-Shop Promotions Limited is a company engaged in the business of marketing and distribution of ayurvedic, food supplements, agricultural products, animal feed supplement and personal care products under the brand name "Add-Shop Promotions".
The company supplies products manufactured by select manufacturers under its brand to retailers and wholesalers. It procures the finished products from certified manufacturers and markets it through various intermediaries and sales agents.
Add-shop has tied up with Marss Herbal (India), a manufacturer of herbal and natural use products. The company supplies the manufactured products under "ADD-Shop" brand.
To penetrate major markets, Add-shop has entered into an agreement with various collecting and forwarding agents (C&F's) like Panchlingeshwara Enterprises, in Karnataka., Just Need United Trading, Maharashtra, and Good Life Enterprises Telangana.
The Company's total revenue as restated for the three months ended June 2018 and for the Financial year 2018, 2017 and 2016 was Rs.381.41 lakhs, Rs.1254.90 lakhs, Rs. 455.41 lakhs and Rs.192.67 lakhs, respectively.
The profit/loss after tax as restated for the three months ended June 2018 and Financial Year 2018, 2017 and 2016 was Rs. 16.37 lakhs, Rs. 22.96 lakhs, 14.69 lakhs, and Rs. (0.38) lakhs, respectively.
The company has 16 permanent employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-June-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 806.69 | 757.72 | 83.85 | 41.58 | 1.00 | 1.00 |
| Total Revenue | 384.41 | 1,254.90 | 455.41 | 192.67 | -- | -- |
| Profit After Tax | 16.37 | 22.96 | 14.69 | (0.38) | -- | -- |
The objects of the issue are-
1. Setting up of an herbal & ayurvedic processing unit for manufacturing of cosmetic & non-cosmetic products
2. Brand Building and Advertisement
3. Working Capital Requirements
4. General Corporate Purposes
[Dilip Davda] <p>Although company has shown progress in top and bottom lines, sudden jump in FY18 working is a bit surprising. Sustainability of the same going forward raises concern. Post issue equity jumps by nearly 647 times. Issue pricing is very aggressive. There is no harm in giving this issue a miss.</p> Read detail review...
| Listing Date | September 10, 2018 |
| BSE Script Code | 541865 |
| NSE Symbol | |
| ISIN | INE01B501018 |
| Final Issue Price | ₹26 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹28.20 |
| Low | ₹28.05 |
| High | ₹29.00 |
| Last Trade | ₹28.70 |
Add-Shop Promotions Ltd.
B-304 Imperial Height
150ft Ring Road
Rajkot, Gujarat, India
Rajkot, Gujarat
Phone: 0281-2580499
Email: investor@addshop.co
Website: http://www.addshop.co/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Add-Shop Promotions IPO is a SME IPO of 23,96,000 equity shares of the face value of ₹10 aggregating up to ₹6.23 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on August 21, 2018, and closes on August 30, 2018.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Add-Shop Promotions IPO using UPI as a payment gateway. Zerodha customers can apply in Add-Shop Promotions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Add-Shop Promotions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Add-Shop Promotions IPO opens on August 21, 2018 and closes on August 30, 2018.
Add-Shop Promotions IPO lot size is 4000, and the minimum amount required for application is ₹1,04,000.
You can apply in Add-Shop Promotions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Add-Shop Promotions IPO will be done on Wednesday, September 5, 2018, and the allotted shares will be credited to your demat account by Friday, September 7, 2018. Check the Add-Shop Promotions IPO allotment status.
The Add-Shop Promotions IPO listing date is on Monday, September 10, 2018.
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