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Ishan International IPO is a fixed price issue of ₹18.24 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹18.24 crore.
Ishan International IPO bidding started from Sep 9, 2022 and ended on Sep 14, 2022. The allotment for Ishan International IPO was finalized on Sep 19, 2022. The shares got listed on NSE SME on Sep 22, 2022.
Ishan International IPO price is ₹80.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,56,000.
First Overseas Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Ishan International IPO RHP for detailed Information.
| IPO Date | September 9, 2022 to September 14, 2022 |
| Listing Date | September 22, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,80,000 shares (aggregating up to ₹18.24 Cr) |
| Reserved for Market Maker | 1,20,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.9600 Cr) |
| Net Offered to Public | 21,60,000 shares (aggregating up to ₹17.28 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 49,27,843 shares |
| Share Holding Post Issue | 72,07,843 shares |
Ishan International IPO offers total 22,80,000 shares. Out of which 10,80,000 (47.37%) allocated to NII, 10,80,000 (47.37%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,20,000 (5.26%) |
| NII (HNI) Shares Offered | 10,80,000 (47.37%) |
| Retail Shares Offered | 10,80,000 (47.37%) |
| Total Shares Offered | 22,80,000 (100.00%) |
Ishan International IPO opens on September 9, 2022, and closes on September 14, 2022.
| IPO Open Date | Fri, Sep 9, 2022 |
| IPO Close Date | Wed, Sep 14, 2022 |
| Tentative Allotment | Mon, Sep 19, 2022 |
| Initiation of Refunds | Tue, Sep 20, 2022 |
| Credit of Shares to Demat | Wed, Sep 21, 2022 |
| Tentative Listing Date | Thu, Sep 22, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 14, 2022 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,28,000 |
| Retail (Max) | 1 | 1,600 | ₹1,28,000 |
| HNI (Min) | 2 | 3,200 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 1530.53 | 2708.4 | 39.62 | 452.77 | 319.06 |
| 31-Mar-20 | 1704.15 | 2272.56 | 28.42 | 481.19 | 347.48 |
| 31-Mar-21 | 1452.52 | 2271.2 | 15.05 | 496.25 | 362.54 |
| 31-Mar-22 | 2168.87 | 2174.31 | 127.15 | 619.71 | 126.93 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Ishan International IPO is ₹57.66 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 38.09 |
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.
[Dilip Davda] For the last three fiscals, IIL’s top line remained static. Its super earnings for FY22 raise eyebrows and indicate some window dressings. The sustainability of such margins going forward remains a major concern. Based on its super FY22 performance, the issue is exorbitantly priced. There is no harm in skipping this pricy issue. Read detail review...
| Listing Date | September 22, 2022 |
| BSE Script Code | |
| NSE Symbol | ISHAN |
| ISIN | INE0LCW01017 |
| Final Issue Price | ₹80 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹82.00 |
| Low | ₹77.90 |
| High | ₹86.10 |
| Last Trade | ₹82.80 |
Ishan International Ltd.
607,
Chiranjiv Tower,
Nehru Place,
Delhi, New Delhi, 110019
Phone: +919315603745
Email: cs@ishangroup.co.in
Website: http://www.ishanglobal.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ishan.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Ishan International IPO is a SME IPO of 22,80,000 equity shares of the face value of ₹10 aggregating up to ₹18.24 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The IPO opens on September 9, 2022, and closes on September 14, 2022.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ishan International IPO using UPI as a payment gateway. Zerodha customers can apply in Ishan International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ishan International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ishan International IPO opens on September 9, 2022 and closes on September 14, 2022.
Ishan International IPO lot size is 1600, and the minimum amount required for application is ₹1,28,000.
You can apply in Ishan International 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 Ishan International IPO will be done on Monday, September 19, 2022, and the allotted shares will be credited to your demat account by Wednesday, September 21, 2022. Check the Ishan International IPO allotment status.
The Ishan International IPO listing date is on Thursday, September 22, 2022.
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