Fixed Price IPO | ₹18 Cr | Listed at NSE SME | Fri, Sep 9, 2022 - Wed, Sep 14, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 9, 2022
IPO Close
Wed, Sep 14, 2022
Issue Price
₹80 per share
Market Cap (Pre-IPO)
₹57.66 Cr
| IPO Date | 9 to 14 Sep, 2022 |
| Listed on | Thu, Sep 22, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 22,80,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 1,20,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.9600 Cr) |
| Fresh Issue (Ex Market Maker) | 21,60,000 shares (agg. up to ₹17 Cr) |
| Net Offered to Public | 21,60,000 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 49,27,843 shares |
| Share Holding Post Issue | 72,07,843 shares |
| NSE Symbol | ISHAN |
| ISIN | INE0LCW01017 |
Ishan International IPO comprises a total issue size of 22,80,000 shares. The net offer to the public is 21,60,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 10,80,000 (50.00%) allocated to NII 10,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,80,000 | 50.00% | 47.37% |
| Retail Shares Offered | 10,80,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,20,000 | 5.26% | |
| Total Shares Offered | 22,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 21.69 | 14.53 | 17.04 | 15.31 |
| Total Income | 21.74 | 22.71 | 22.73 | 27.08 |
| Profit After Tax | 1.27 | 0.15 | 0.28 | 0.40 |
| NET Worth | 6.20 | 4.96 | 4.81 | 4.53 |
| Reserves and Surplus | 1.27 | 3.63 | 3.47 | 3.19 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Proposed Joint Venture and/or Acquisition | 3.50 |
| 2 | To meet the Working Capital requirements | 10.00 |
| 3 | General Corporate Expenses | 2.80 |
| 4 | To meet the expenses of the Issue | 1.94 |
| KPI | |
|---|---|
| RoNW | 21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.58 | |
| P/E (x) | 38.09 | |
| Promoter Holding | 99.61% | 65.21% |
| Market Cap | ₹57.66 Cr. |
The Ishan International IPO is subscribed 1.62 times on September 14, 2022 7:00:00 PM (Day 4). The public issue subscribed 1.65 times in the retail category, [.] times in the QIB category, and 1.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.6 | 10,80,000 | 17,29,600 |
| Retail | 1.65 | 10,80,000 | 17,77,600 |
| Total | 1.62 | 21,60,000 | 35,07,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 1.76 |
| 2 | Advertising and marketing expenses | 0.03 |
| 3 | Printing & Stationery, Distribution, Postage | 0.03 |
| 4 | Regulatory and other statutory expenses including Listing Fee | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹82.00 |
| Low | ₹77.90 |
| High | ₹86.10 |
| Last Trade | ₹82.80 |
Lead Manager Reports
Ishan International IPO is a SME IPO of 22,80,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Sep 9, 2022, and closes on Wed, Sep 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 Fri, Sep 9, 2022 and closes on Wed, Sep 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 Wed, Sep 21, 2022. Check the Ishan International IPO allotment status.
The Ishan International IPO listing date is on Thu, Sep 22, 2022.
