The initial public offerings(IPO) for the week are-
Ameya Precision Engineers Limited-
Ameya Precision Engineers Limited is engaged in the manufacture of high-end precision components for the engineering industry; and in particular the manufacture of valve and pumps. It offers specialized processes like wear and corrosion resistant alloys and end to end solutions like procurement of raw materials, to the dispatch of hard facing overlay components.
The hard end and overlay are done to ASME IX qualification and the major customers are valve and pump manufacturers. The machinery setup of the company is flexible and can cater to any engineering industry that needs high precision components. The manufacturing facility of the company is located in village Kasurdi, Pune and the unit exports to the United States of America, United Kingdom, Singapore, Slovenia, Austria and Brazil. Majority of the sales of the company are through exports.
The promoters of the company are Bipin Pande and Nikhil Pande. The objects of the issue are to meet the working capital expenditure and funding the working capital requirements.
The revenue from operations was Rs. 24.64 crore and a net profit of Rs. 2.72 crore (Year ended March 2021), revenue of Rs. 23.59 crore and a net profit of Rs. 1.8 crore (Year ended March 2020) and revenue of Rs. 21.8 crore with a net profit of Rs. 1.72 crore (Year ended March 2019).
Dipna Pharmachem Limited–
Dipna Pharmachem limited is engaged in the trading and distribution of a wide range of pharmaceutical material also known as APIs (Active Pharmaceutical ingredients), excipient and chemical formulation products. The product portfolio of the company consists of 61 APIs and API intermediaries like Cephalosporins, Cardiovasculars, anti-bacteria Quinolones, veterinary, Anti-Virus, anti-inflammatory, steroid hormone etc. The company has a pan India market being a trading and distribution company.
APIs are also known as bulk drug or bulk active and are the principal ingredients used in making finished dosages in the form of capsules, tablets liquid or other form of dosage with the addition of other APIs or active ingredients. An active ingredient is a pharmaceutical drug or pesticide that is biologically active. The similar active pharmaceutical ingredient and bulk actives are also used in medicine and the term active substance may be used for natural products.
The objects of the issue are to meet the working capital requirements and general corporate purpose. The promoter of the company is Mr. Keyur Shah.
The revenue from operations was Rs. 30.53 crore and a net profit of Rs. 5.90 lakh (Year ended March 2020), revenue of Rs. 30.99 crore and a net profit of Rs. 2.42 lakh (Year ended March 2021) and revenue of Rs. 72.75 crore with a net profit of Rs. 1.16 crore (Year ended March 2022).
Jay Jalaram Technologies Limited-
Jay Jalaram Technologies limited was incorporated in January 2012 and is engaged in multi-brand retail selling of smart phones and allied accessories from manufacturers like Apple, Samsung, Oppo, Realme, Nokia, Vivo, Redmi, Techno Plus and Xiaomi. It is engaged in multi-brand retail selling of consumer durable electronic goods like smart TVs, air conditioners, fridge, coolers, etc. from brands like Haier, Diakin, TCL , Voltas, Realme, Mi, Oneplus and Xiaomi.
The company operates under the brand name KORR mobiles and has 82 stores across the state of Gujarat. It sells mobile handsets of all the major brands, accessories for the mobile handsets, tablets, data cards and other consumer durable electronic goods. Out of the 82 stores, 10 are the company owned outlets, 65 are franchise owned and 7 are franchise owned and company operated retail stores.
The company also has dealership of electric bikes, its spare parts, and accessories under the brand name revolt for Ahmedabad region. It sells electric bikes through two company owned retail outlets.
The promoters of the company are Mr. Kamlesh Varjivandas Thakkar, Mr Mukeshkumar Navnitray Bhattt and Mr. Kamlesh Hariram Lalwani. The objects of the issue are to meet working capital requirements and general corporate purposes. Listing would enhance the brand image of the company.
The revenue from operations was Rs. 95,19 crore and a loss of Rs. 6.34 lakh (Year ended March 2019), revenue of Rs. 95.15 crore and a net profit of Rs.2.56 lakh (Year ended March 2020) and revenue of Rs. 121.45 crore with a net profit of Rs. 29.35 lakh (Year ended March 2021).
EP Biocomposites Limited-
EP Biocomposites was incorporated in January 2020 and manufactures fiber reinforced polymer products like door shutters, frames, bio-digestor tanks, bio toilets and allied products for construction and industrial applications. The company entered the segment of waste water recycling in 2021 and its focus is to give sanitation solutions to those who do not have access to toilets and face trouble treating and managing the waste through septic tanks. It also provides sanitation infrastructure and human waste management solutions and services involving innovative and simple bio-digester technology licensed from Defense Research and Development Organization (DRDO). The anaerobic bio-digester technology helps the user to manage waste onsite without depending on expensive sewage infrastructure.
The sewage treatment plant helps the contaminant to be lowered to a safe level before the waste water is returned to the environment. The company specializes in Fiber reinforced products which are eco-friendly substitute for wood and the overuse of woods has resulted in fast depletion of forests resulting in harmful impact to the environment. The group has supplied more than 2 lakh doors and saved thousands of trees and supplied more than 2500 bio toilets to the households resulting in clean surroundings.
The promoter of the company is Rajkumar Kamat and Leena Kamat. The objects of the issue are to raise funds for the long-term lease deposit for manufacturing facility, part repayment of loans and fund the working capital requirements.
The revenue from operations was Rs. 56.83 lakh and a net profit of Rs. 3.15 lakh (Year ended March 2020), revenue of Rs. 2.95 crore and a net profit of Rs. 35.80 lakh (Year ended March 2021) and revenue of Rs. 8.07 crore with a net profit of Rs. 80.94 lakh (Year ended March 2022).