Univastu India Limited (UIL) is coming up with IPO issue in NSE SME. Through Univastu India Ltd IPO Review we will find the issue details and pros and cons of the issue.
About the issue – Kindly find Draft Red Herring Prospectus (DRHP) for more details.
- Issue opens on – July 14, 2017
- Issue closes on – July 19, 2017
- Issue type – Fixed price IPO
- Issue price – Rs 40 per equity share
- Face value – Rs 10 per equity share
- Lot size – 3000 shares and multiples thereof
- Issue size – 1,497,000 nos. of equity shares aggregating up to Rs 5.99 crores
- Listing Exchange – NSE SME
About the company –
Univastu India Limited (UIL) was incorporated in 2009. It is a Pune, Maharashtra based company primarily engaged in the construction sector. UIL is an ISO 99001:2015 certified company.
Univastu India Ltd IPO Review finds that Univastu is engaged primarily in the construction sector with a focus on infrastructure development. Its activities include the development of Sports Complex (Indoor and Outdoor Stadium), Swimming pool, multiplex, multipurpose auditorium, hospital, educational institute, commercial complex and all sorts of constructional activities in the civil and structural segment. Univastu India Limited also engages itself in trading activities of structural materials like steel, cement and electrical materials. UIL’s focus area of activity includes,
- Civil projects
- Water supply and drainage projects
- Road and bridge projects
- Irrigation projects (major and minor).
Company financials –
As per DRHP the company has outstanding projects in Order Book amounting to a value of Rs 9621.67 Lakhs.
Univastu India Ltd IPO Review finds the following pros and cons of the issue.
Pros – The company has good order book. It is making profits. Future projects are also good projects. UIL’s focus on infrastructure development will create more opportunities.
Cons – UIL has negative cash flows in the past. It has both long and short-term debts. Company’s profit depends on order procurement and completion of orders. In its field of focus, there are many competitors.
Univastu India Ltd IPO Review after analysing the pros and cons maintain a NEUTRAL view on the IPO. Interested investors may use our last day IPO picking method before investing. For more information on other IPOs, kindly visit our IPO Review page.
Disclaimer – Views expressed in this review is an educated guess made on the basis of available data from open source expressed for the purpose of knowledge sharing. By no means, it should be taken as an investment advice or recommendation. Investor/ trader should invest money at their own risk.
Partha, an engineer by education, is theoratically actively following the stock and commodity markets since 1990. He is an active trader since 2003. He has received formal education in future and options and quantum analysis. He is presently working on research oriented projects using Python and data analytics.