Business description – Shree Ram Proteins is engaged in the business of de-linting and de-hulling of cotton seeds by mechanical process, oil extraction from cotton seeds and solvent extraction from cotton seeds oil cake and ground nuts. The company’s manufacturing process is in three stages (I) De-linting and de-hulling of Cotton seeds, this process results in manufacture of shot fiber (linter), and De-linted cotton Seeds (II) Cotton seeds oil extraction process results in pre refine cotton seeds oil and cotton seeds oil cake and (III) Solvent extraction process, results in pre refine wash oil and de-oil cotton seeds cake.
Cotton linter can be use in manufacturing of papers and as raw materials for manufacture of cellulose, this can be further process for medical and cosmetic purpose, linter can be broadly classified as a industrial raw materials. Cotton seeds oil cake, cotton seeds de oil cake and cotton hull are used as animal feeds. Cotton seed pre refine oil further process by refinery to convert in to edible oil.
The company’s manufacturing facility is situated at Survey No.54 P, At- Bhunava, Rajkot- Gondal Highway, Dist. Rajkot. The Registered office of the Company is situated at Imperial Heights Tower- B, Second Floor, and office No. B- 206, 150ft Ring Road, Opposite Big Bazar, Rajkot-36005, Gujarat.
Promoters of Shree Ram Proteins – Lavjibhai Valjibhai Savaliya and Lalitkumar Chandhulal Vasoya
| Shree Ram Proteins IPO details | |
| Subscription Dates | 23 – 25 January 2018 |
| IPO Price band | INR27 – 31 per share |
| Fresh issue | 6,420,000 shares (INR17.33 – 19.90 crore) |
| Offer for sale | Nil |
| Total IPO size | 6,420,000 shares (INR17.33 – 19.90 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements – INR15 crore
- General Corporate ExpensesÂ
| Shree Ram Proteins’ financial performance (in INR crore) | ||||||
| Â | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1Â FY2018 |
| Total revenue | 116.1 | 157.5 | 174.7 | 183.6 | 157.8 | 48.7 |
| Total expenses | 116.5 | 156.4 | 173.5 | 182.8 | 156.8 | 48.2 |
| Profit after tax | -0.6 | 1.3 | 1.4 | 0.5 | 0.7 | 0.4 |
Shree Ram Proteins Contact Details
Shree Ram Proteins Limited
Imperial Heights Tower-B, Second Floor, Office No. B-206,Â
150 Ft Ring Road, Opp Big BazarÂ
Rajkot, Gujarat 360005
Phone: +91 0281 2581 152
Email: info@ shreeramproteins.com
Website: www.shreeramproteins.com
Shree Ram Proteins IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.62 |
| Day 2 | 1.54 |
| Day 3 | 4.57 |
| Â | Â |
| Â | Â |
Shree Ram Proteins Valuation (Latest FY)
Earnings Per Share (EPS): INR0.44
Price/Earnings (P/E) ratio: 61.36 – 70.45
Return on Net Worth (RONW): 3.43%
Net Asset Value (NAV): INR12.96 per share
Registrar of Shree Ram Proteins IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Shree Ram Proteins IPO Allotment Status
Shree Ram Proteins IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Shree Ram Proteins
IPO Opening Date: 23 January 2018
IPO Closing Date: 25 January 2018
Finalisation of Basis of Allotment: 31 January 2018
Initiation of refunds: 1 February 2018
Transfer of shares to demat accounts: 2 February 2018
Listing Date: 5 February 2018
Listing Price on NSE SME: INR28.95 per share (down 6.61% from IPO price)
Closing Price on NSE SME: INR32.55 per share (up 5% from IPO price)
This is purely Aoid. Not a good business and not good profits. Not even 1 crore profit but they want 20 crore from investors!!
Dear Mr. Paranjape,
What do you thing other’s company IPO’s price band is correct ??
What they declare profit it will genuine ?? Mostly all multi bigger companies are making plant to prepare balance sheet before 05 years to attract investor….. you can see best example of SUZLON……..and check today’s market price…..
Sometime small company give big benifit which we can’t ignore …..