SMVD Poly Pack Limited is engaged in manufacturing of PP (Polypropylene) / HDPE (High Density Polyethylene) woven sacks bags & Sacks, Leno Bags, Jumbo (Flexible Intermediate Bulk Container) FIBC Bags & HDPE Tarpaulin. It is Kolkata based company. SMVD Poly Pack Limited’s new issue will be open for listing starting from tomorrow. So, let me quickly take you through the SMVD Ploy Pack Limited IPO review on the basis of price and prospectus.
About SMVD Ploy Pack Limited IPO :
- IPO Opens on – December 13,2017.
- IPO Closes on – December 15,2017.
- Face Value – Rs 10 Per Equity Share.
- Issue Price – Rs 55 Per Equity Share.
- Issue Type – Fixed Price Issue IPO.
- Market Lot – 2,000 shares.
- Minimum Order Quantity – 2,000 shares.
- Issue Size – 1,640,000 Equity Shares of Rs 10 aggregating up to Rs 9.02 Cr .
- Listing Exchange – NSE SME exchange.
- Draft Prospectus – Download.
Objectives of the issue:
- Capital Expenditure for Business Expansion.
- Additional Working Capital Requirement.
- General Corporate Purposes.
About The Company –
- SMVD Poly Pack Limited is incorporated in 2010.
- This Company has installed capacity of 4420 MT per annum.
- The 73843.2 Sq. Ft. manufacturing facility of the Company is situated in Parganas District of West Bengal.
- SMVD Poly Pack Limited serves both B2B and B2C sectors.
- The customers segment of this company include fertilizer plants, Food Corporation of India, Mining and Chemical industries, flour mills, ceramic industries, Steel Industries, Plastic compounds, Rice Plants, Poultry Farms etc.
- This company’s one of top customers is Tata Chemicals Limited.
- All the operations of this company are done in-house under strict supervision and control with main stress on total customer satisfaction with no complains and high quality product at lowest possible price.
Promoters of the company :
- Mr. Pramod Kumar Agarwal, aged 46 years, is a visionary and Second Generation Entrepreneur is the Promoter of this Company.
- Ms. Sangita Agarwal, aged 46 years, is Promoter and Director of this Company.
- Aashakiran Commodeal Private Limited is Corporate Promoter of this company.
Name of shareholders :
- Pramod Kumar Agarwal.
- Sangita Agarwal.
- Pawan Kumar Agarwal.
- Shikha Agarwal.
- Prateek Agarwal.
- Madhu Agarwal.
- Rasna Poddar.
- SMVD Poly Pack Ltd.
- Tirumala Resins Private Ltd.
SMVD Ploy Pack Limited IPO Review: From the financial data we can see that the company has posted net loss on FY 2014. But since then it has posted net loss with a remarkable increase of profitability on FY 2017. At the current earnings, the issue price of 55 yields a PE of around 15. Hence our SMVD Ploy Pack Limited IPO review has a NEUTRAL view on this issue. You can apply if you want to take risk and are sitting on cash. The view should be long-term for the investors.
Categories: IPO Review