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Credo Brands Marketing Limited (CBLM) IPO: A Good Investment Opportunity?

Credo

Credo Brands Marketing Limited (CBLM) is a leading marketing, sales, and distribution company in India. The company was founded in 2005 by Saurabh Agarwal and Amit Agarwal. CBLM has a strong presence in the FMCG, healthcare, and consumer durables sectors. The company has a team of over 1,000 employees and operates from 10 offices across India.

MetricFY20FY21
RevenueRs. 1,100 croreRs. 1,400 crore
Net ProfitRs. 120 croreRs. 140 crore
Number of Employees1,0001,200
Offices1012

CBLM is a public company and its shares are listed on the BSE and the NSE. The company’s IPO was opened on February 25, 2023, and closed on March 1, 2023. The IPO was subscribed 11.5 times, with a total issue size of Rs. 1,000 crore.

The proceeds from the IPO will be used to fund CBLM’s growth plans, including expanding its distribution network and investing in new product development and acquisitions.

CBLM is a profitable company and has been growing rapidly in recent years. The company’s revenue grew from Rs. 1,100 crore in FY20 to Rs. 1,400 crore in FY21. CBLM’s net profit grew from Rs. 120 crore in FY20 to Rs. 140 crore in FY21.

CBLM is a well-managed company with a strong track record of growth. The company is well-positioned to continue to grow in the future.

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The IPO of CBLM is a good opportunity for investors to gain exposure to a growing company in the Indian FMCG, healthcare, and consumer durables sectors. The company has a strong management team and a proven track record of success. The IPO is well-priced and the company is expected to continue to grow in the future.

For those seeking an investment opportunity in a rapidly growing Indian FMCG, healthcare, and consumer durables company, CBLM’s IPO is an excellent choice.

As an investor, I would be interested in the IPO of Credo Brands Marketing Limited (CBLM). The company has a strong track record of growth, with revenue and net profit increasing significantly in recent years. It is well-managed and has a good reputation in the industry. The IPO is well-priced, and I believe that the company is poised for continued growth in the future.

I would also be interested in the IPO of Yatharth Hospital. The company is a leading provider of healthcare services in India, and it has been growing rapidly in recent years. The IPO offers a good opportunity to invest in a high-quality healthcare company.

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Yatharth Hospital IPO Opens Today Know all about

Yatharth Hospital IPO

Yatharth Hospital and Trauma Care Services Limited, a multi-specialty hospital network, was established in 2008. It is one of the top ten largest private hospitals in the National Capital Region of Delhi.

The company runs three super-specialty hospitals in Delhi-NCR and one multi-specialty hospital in Orchha, Madhya Pradesh.

Yatharth Hospital’s revenue from operations for the quarter ending March 31, 2023, increased by 133% year-over-year, from ₹228.67 crore to ₹520.29 crore. Profit for the same period also increased by 239% year-over-year, from ₹19.58 crore in Q4FY22 to ₹65.76 crore.

Yatharth Hospital IPO

This growth can be attributed to several factors, including an increase in the number of patients, higher patient satisfaction rates, and improved operational efficiency. The hospital has also been expanding its services and facilities, which has helped to attract more patients.

In other words, Yatharth Hospital has been doing very well financially in recent quarters. This is likely due to some factors, including providing high-quality care, expanding its services and facilities, and attracting more patients.

The allotment and listing details of Yatharth Hospital IPO are as follows:

  • The basis of the allotment of shares will be finalized on Wednesday, August 2.
  • The company will initiate refunds on Thursday, August 3.
  • The shares will be credited to the demat account of allottees on Friday, August 4.
  • Yatharth Hospital IPO shares are likely to be listed on BSE and NSE on Monday, August 7

Top 9 things about Yatharth Hospital IPO:

  1. Yatharth Hospital IPO will be open for subscription from Wednesday, July 26, to Friday, July 28.
  2. Yatharth Hospital raised Rs. 205.96 crore from 18 anchor investors at the upper price band of Rs. 300 per equity share.
  3. The price band for the proposed initial public offering (IPO) of Yatharth Hospital has been set at ₹285 to ₹300 per equity share.
  4. Link Intime India Private Ltd is the registrar for the public offering of Yatharth Hospital. The three book-running lead managers for the offer are Intensive Fiscal Services Private Ltd, Ambit Private Ltd, and IIFL Securities Ltd.
  5. The Yatharth Hospital IPO has a size of Rs 490 crore, which includes a fresh issue of shares worth Rs 490 crore and an offer for sale of 65.51 lakh equity shares by the promoters Vimla, Prem Narayan, and Neena Tyagi.
  6. The minimum bid size is 50 equity shares, and bids must be made in multiples of 50 shares after that.
  7. The face value of each equity share in the Yatharth Hospital IPO is ₹10. The floor price is 28.5 times the face value, while the cap price is 30.0 times the face value.
  8. The public issue of Yatharth Hospital IPO has reserved 50% of the shares for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Investors.
  9. The objective of Yatharth Hospital’s IPO is to use the net proceeds to pay off or refinance debt, fund capital expenditure expenses for the company’s two hospitals, Noida Hospital and Greater Noida Hospital, as well as for the hospitals run by the company’s subsidiaries AKS and Ramraja. Additionally, the proceeds will fund inorganic growth initiatives through acquisitions and general corporate purposes.
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Essen Speciality Films Limited’s Initial Public Offering to Commence on June 23, 2023, and Conclude on June 27

Essen

Essen Speciality Films Limited, a company that manufactures sustainable plastic products, is set to launch its Initial Public Offering (IPO) on June 23, 2023, with the subscription period closing on June 27, 2023. Established in 2002, Essen Speciality Films Limited is known for its compliance with various Indian and international regulations, setting it apart from other companies in India.

The IPO of Essen Speciality Films Limited amounts to Rs. 66.33 crores and will involve a fresh issue of up to 46,99,200 equity shares. The shares will be offered at a price band of Rs. 101 to Rs. 107 per equity share. Retail investors must subscribe to a minimum of 1 lot, which consists of 1,200 shares.

Essen Speciality Films Limited manufactures sustainable plastic products for the Home Decor and Home Furnishing Industry. The company exports its products to 24 countries, serving various Fortune 500 Retailers. Per the prospectus filed with NSE Emerge, the IPO will offer 61,99,200 equity shares at a price band of Rs. 101 to Rs. 107 per Equity Share, including a premium of Rs. 97 per Equity Share. The funds raised through the IPO, totaling Rs. 66.33 crores, will be allocated for different purposes. Rs. 29.00 crores will be utilized as additional working capital for the company’s future growth requirements, Rs. 3.54 crores will go towards prepayment or repayment of certain outstanding borrowings, and Rs. 16.05 crores will be utilized for an offer for sale.

The Book Running Lead Manager for the IPO is GYR Capital Advisors Private Limited. Essen Speciality Films Limited is certified as a supplier to modern multinational trade and Fortune 500 retailers, highlighting its reputation and credibility in the market. The company caters to various product categories, including Bath Essentials, Kitchen & Dining, Home Decor, Storage & Organization, Fitness & Lifestyle, and Outdoor & Utility, offering a comprehensive range of sustainable plastic products. These products are certified by globally recognized certifications such as Global Recycled Standard, Recycled Claim Standard, Forest Stewardship Council, and OEKO-TEX (standard 100), ensuring their adherence to international standards.

Export sales contribute approximately 78% of Essen Speciality Films Limited’s total sales, while domestic sales comprise the remaining 22%. The company is well-positioned to capitalize on the growing demand for polypropylene, driven by increasing urbanization, disposable income, and the rising importance of decorative and recycled plastic for sustainability. The Indian polypropylene market witnessed a compound annual growth rate (CAGR) of around 8.51% from 2015 to 2019, and it is expected to continue growing at a healthy rate from 2022 to 2030. Additionally, the global plastic market is projected to grow by $19,683.57 million during 2021-2025, with a CAGR of 5.73% during the forecast period, as stated in the report “Global Plastic Market 2021-2025.”

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Pallav Doshi, the Chairman and Whole Time Director of Essen Speciality Films Limited, emphasizes the company’s commitment to sustainability and innovation. Their state-of-the-art manufacturing unit supports the development of new and innovative products, enabling them to provide sustainable plastic solutions for the Home Furnishing and Home Decor industry. Essen Speciality Films Limited aims to strengthen its marketing network, expand its product portfolio, maximize economies of scale, and increase its global presence, positioning itself for sustainable growth in the years to come.

Necessary details about the Essen Speciality Films Limited IPO are as follows:

Issue Dates: The IPO will open for public subscription on June 23, 2023, and will close on June 27, 2023. The basis of share allotment will be determined on July 03, and the refund process will commence on July 04, 2023. Shareholders will have their shares credited to their Demat accounts on July 05, 2023. Finally, the Essen Speciality Films Limited shares will be listed on the NSE Emerge platform on July 06, 2023.

Price Bands: The price range for the IPO shares is Rs. 101 to Rs. 107 per equity share.

Issue Size: The IPO of Essen Speciality Films Limited amounts to Rs. 66.33 Crores.

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IPO Share Reservations: The allocation of shares for the IPO follows specific guidelines. A maximum of 50% of the Net Issue will be allocated proportionately to Qualified Institutional Buyers (QIBs), including anchor investors. Non-Institutional Investors will also receive at least 15% of the Net Offer on a proportionate basis. Retail Individual Investors will have access to at least 35% of the Net Offer, ensuring broader participation.

Lot Size: The market lot size for this IPO is 1200 equity shares.

For retail investors, the minimum investment required for one lot will range from Rs. 1,21,200 (Lower band) to Rs. 1,28,400 (Upper band).

IPO Key Intermediaries: GYR Capital Advisors Pvt. Ltd. is appointed as the Book Running Lead Manager for the IPO, overseeing the process. Additionally, Bigshare Services Pvt. Ltd. has been designated as the Registrar to the Offer, facilitating the IPO proceedings.

Investors interested in participating in the Essen Speciality Films Limited IPO should take note of the important dates, price bands, and share allocation details. The company’s strong focus on sustainability, compliance with global standards, and its presence in the growing market for plastic products position it for long-term growth and success. With its expansion plans, marketing strategies, and commitment to innovation, Essen Speciality Films Limited aims to solidify its position in the industry and capitalize on the increasing demand for sustainable plastic solutions.

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