The Initial Public Offerings(IPO) for the week are-
Mafia Trends Limited-
Mafia Trends Limited is a pioneer in setting up stores across small towns and cities including Kalol, Vadodara along with Ahmedabad. It primarily operates in Tier-II and Tier-III cities with a chain of ‘Value Retail’ departmental stores offering clothing, apparel, and general merchandise catering to men which includes apparel such as jeans, T-shirts, Chinos, formal trousers, and formal shirts.
The company started its operations in 2011 and is based in Ahmedabad with operations spread across cities in Gujarat. It currently operates 8 stores spread across 3 cities in Gujarat.
Mafia Trends Limited follows the concept of value retailing to target the ever-expanding and aspiring middle class based on the customers’ purchasing power, demographic details, and trends. The company sources its products including private labels directly from the regions where such products are widely available or manufactured in order to minimize procurement costs and offer quality products.
The promoters of the company are Mr. Rajendra Singh Rajpurohit and Mr. Mahendra Singh Rajpurohit. The objects of the issue are to fund the working capital requirements and general corporate purposes. Listing would enhance the brand name of the company.
The company had revenues of Rs 12.82 crore with a net profit of 22.02 lakhs (Year ended March 31, 2019), revenues of Rs. 11.47 crores with a profit of Rs. 0.45 lakh (Year ended March 31, 2020), and revenue of Rs.36.56 crores with a net profit of Rs.27 lakhs (Year ended March 31, 2021).
Insolation Energy Limited-
Insolation Energy Limited was founded in 2013 and is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes at its fully automatic, state-of-the-art, 200 MW SPV module manufacturing unit in Jaipur. It also trades in solar power conditioning unit(PCU) which uses solar energy and power from the grid to charge batteries and tall tabular lead acid batteries used to store energy generated from solar panels. The company is an integrated solar energy solutions provider offering engineering, procurement, and construction services to its customers.
The company has successfully established its presence in India through an extensive distributor network of 30+ distributors and is well placed to serve the growing market. It has a significant client base purchasing its solar PV modules and EPC services. In 2020 the company diversified into the area of solar power packs and successfully launched solar tubular/ Li-ion batteries and solar PCU. This solar combo is fast gaining popularity and helping the home office and home education communities in cities, towns, and villages.
The promoters of the company are Mr. Manish Gupta and Mr. Vikas Jain. The objects of the issue are to fund the working capital requirements and listing would enhance the brand image of the company.
The company had revenues of Rs 215.3 crore with a net profit of 6.93 crores (Year ended March 31, 2022.
CyberMedia Research and Services Limited-
CyberMedia Research and Services Limited are engaged in ad tech and data analytics business in a fast expanding industry. It has four revenue streams- digital marketing, programmatic media buying, publisher monetization, and data analytics which form the pillar of the digital marketing landscape. The company offers propriety solutions that enable advertisers and publishers to match the right ad with the right user which drives higher conversions for advertisers and enables publishers to earn more. It is well positioned to build multiple revenue streams in the digital landscape.
Automation in the industry is driving many changes for which data is a critical enabler. The algorithms of the company leverage large sets of data and process it via its AI engines to provide the right results thereby simplifying digital marketing. CMGalaxy, Auxo Ads, and CyberAds are cyber media research’s propriety products for different stakeholders.
The promoter of the company is Mr. Pradeep Gupta. The net proceeds of the issue would be utilized for funding the working capital requirements and new investment projects of the company.
The company had revenues of Rs 38.05 crore with a net profit of 27.49lakhs (Year ended March 31, 2019), revenues of Rs. 30.20 crores with a profit of Rs. 7.72 lakhs (Year ended March 31, 2020), and revenue of Rs.29.71 crores with a net profit of Rs.57.60 lakhs (Year ended March 31, 2021).
QMS Medical Allied Services-
QMS Medical Allied Services is engaged in the marketing and distribution of a large number of medical products and medical education services. It has a wide range portfolio of products that are being sold under its registered brand name ‘QDevices’. It also manages distribution for other brands such as 3M, Heine, Rossmax, etc and the company also provides medical education to members belonging to the medical fraternity by partnering with renowned medical education institutions. These programs are authentic courses with global colleges and universities.
The company aims to become the first choice vendor for large as well as small pharmaceutical and medical companies that intend to procure products and services. It has recently launched its brand ‘Qdevices’ which is a vision of Atmanirbhar Bharat. It is working on the Make in India concept to provide affordable and quality products in the market and strengthen its brand. The company markets and helps in the distribution of products across India through offline and online modes by means of its own website https://qmsmas.com and ensures that its products are easily available in any part of India.
The promoter of the company is Mr. Mahesh Makhija and the objects of the issue are part repayment of loans, funding working capital requirements, and general corporate purpose.
The company had revenues of Rs 8.37 lakhs with a net profit of 0.65 lakhs (Year ended March 31, 2018), revenues of Rs. 51.89 crores with a profit of Rs. 3.03 crore (Year ended March 31, 2019), and revenue of Rs. 72.73 crores with a net profit of Rs. 6.35 crore (Year ended March 31, 2020).
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