Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Badri Cotsyn Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on April 24, 2025.
Badri Cotsyn Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the NSE SME. Swastika Investmart Ltd. was the book running lead manager and Integrated Registry Management Services Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Jan 29, 2025 |
| Offer document withdrawn | Thu, Apr 24, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Isssue |
Incoprorated in December 2018, Badri Cotsyn Limited is a recycling company that manufactures high-quality recycled polyester staple fiber (R-PSF) from plastic bottles. The company is based in Mandideep, Madhya Pradesh, India.
The company turn plastic waste into recycled polyester staple fiber.
The company has supplied its products to over 100 customers across India, Europe, and the Middle East.
The company's manufacturing facility is situated in Bhopal, Huzur, Madhya Pradesh, spreading over 4,35,000 square ft. The company's facility boasts a combined installed capacity of 61,200 MT per annum including the group company.
The company is ISO 14001:2015, BIS, OEKO-TEX, and GRS certified.
The company's products & services include the following:-
As of November 30, 2024, the company had 333 permanent employees and 150 contractual laborers.
Competitive Strength
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 195.76 | 130.44 | 111.58 | 113.77 |
| Total Income | 280.84 | 200.78 | 225.75 | 177.92 |
| Profit After Tax | 14.44 | -3.54 | -3.88 | -2.09 |
| NET Worth | 12.25 | 2.89 | -5.63 | -1.70 |
| Reserves and Surplus | 2.13 | -2.06 | -5.59 | -1.71 |
| Total Borrowing | 118.06 | 84.62 | 81.49 | 82.13 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Construction of Factory Building and Purchase of Plant and Machinery | 112.20 |
| 2 | Repayment and/or pre-payment or repayment, in full or part, of certain outstanding borrowings availed by the Company | |
| 3 | General Corporate Purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | -2.68% |
| ROCE | 11% |
| Debt/Equity | 43.32 |
| RoNW | -267.92% |
| PAT Margin | 1.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Integrated Registry Management Services Pvt.Ltd.
Lead Manager Reports
Badri Cotsyn IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Badri Cotsyn IPO open and close dates are not available as of now.
Integrated Registry Management Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Badri Cotsyn IPO using UPI as a payment gateway. Zerodha customers can apply in Badri Cotsyn IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Badri Cotsyn IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Badri Cotsyn IPO dates are not announced. Please check back again after some time.
Badri Cotsyn IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Badri Cotsyn 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 Badri Cotsyn IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Badri Cotsyn IPO allotment status.
The Badri Cotsyn IPO listing date is not yet announced. The tentative date of listing is .
