The Initial Public Offerings(IPO) for the week are-
Steelman Telecom Limited-
Steelman Telecom Limited was founded in 2003 and offers support services and solutions to address the network requirements of the telecom industry. It provides services to the telecom players like tower owners, telecom operators, broadband service providers, and original equipment manufacturers (OEMs).
The services of the company include network survey and planning, installation and commissioning, network testing and optimization, network solutions, and managed services for network maintenance. Its strong technical background enables it to effectively carry end-to-end services covering the entire network and technology service solutions. The company’s understanding of the critical aspects of technology leads to network quality improvement thereby enhancing the subscriber’s experience. The headquarters of the company are located in Kolkata and the branch offices are in Bhubaneshwar and Gurgaon.
The promoter of the company is Mr. Mayank Bindal. The net proceeds from the issue would be utilized for investment in the subsidiary, meeting the working capital requirements, and general corporate purposes. Listing would enhance the brand image of the company.
The company had revenues of Rs 87.94 crore with a loss of 22.91 lakhs (Year ended March 31, 2020), revenues of Rs. 90.15 crores with a profit of Rs. 1.37 crore (Year ended March 31, 2021), and revenue of Rs.101.16 crores with a net profit of Rs.3.96 crore (Year ended March 31, 2022).
Trident Lifeline Limited-
Trident Lifeline limited was founded in 2014 and is engaged in the pharmaceutical business with ethical marketing in domestic as well as international markets. It is engaged in the distribution of pharmaceutical products through the third-party distribution network and offers a wide range of pharmaceutical formulations and products manufactured on contract manufacturing under a loan license. It operates in India as well as African, Latin American and East Indian countries. It has a presence in countries like Bolivia, Cambodia, Cameroon, Chile, Ghana, Myanmar, Nigeria, Peru, Sudan, Tajikistan, Uzbekistan, and Venezuela.
Trident lifeline limited deals in capsules, tablets, liquid ointment, gel, ice gel, mouthwash, paste, solution, suspension, dry powders, and toothpaste. Its product portfolio consists of a wide range of drugs like Anti-bacterial, Anti-Diarrheal, Anti-Fungal, Anti-Malarial, Anti Diabetic, Dental care, Proton Pump inhibitor, Anti Protozol, Anti Histamine, Anti Hypersensitive drugs, Anti Lipdemic drug, Antiparasitic, multivitamin, multimineral Nutraceutical and Non-steroidal anti-inflammatory drug(NSAIDs). The products portfolio consists of 832 products out of which 267 products are registered in 8 countries. Further, a total of 565 products are under the process of registration in 11 countries which will boost the growth of the company.
The promoters of the company are Mr. Hardik Jigneshbhai Desai, Mr. Mayurbhai Mansukhbhai Gajera, Mrs. Rupaben Jariwala, Mrs. Rinkal Mayurbhai Gajera, Mr. Tarang Nathabhai Gajera, and Mr. Mohak Nathabhai Gajera. The proceeds from the issue would be utilized to meet the working capital requirements, product registration in International markets, general corporate purposes, and listing wound enhance the brand image of the company.
The company had revenues of Rs 4.93 crore with a loss of 79.63 lakhs (Year ended March 31, 2020), revenues of Rs. 9.62 crores with a profit of Rs. 63.23 lakhs (Year ended March 31, 2021), and revenue of Rs.21.76 crores with a net profit of Rs.2.27 crore (Year ended March 31, 2022).
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Maagh Advertising and Marketing Services Limited-
Maagh Advertising and Marketing Services Limited are an advertising agency offering creative and media services. It creates and executes advertising campaigns across various media that help the client’s business and brands to grow. It offers a complete range of designing, media, and printing services. The strength of the company is media buying where it understands the clients’ marketing objective and uses the correct media to achieve the objective. The company uses the right mix of media and the right prices to achieve the clients’ media objectives. The services of the company include-
- Media Services– Print, outdoor, radio, social media, media planning.
- Creative Services– Concept development, print advertisements, radio spots, outdoor advertisements, online advertisements, logo design, and packaging design.
- Social Media Advertising- Creative web designing, SEO services, and campaigns.
- Other services- Public relations campaigns and product launch campaigns.
The promoters of the company are Mr. Azharuddin R. Mulla and Miniboss consultancy private limited. The net proceeds of the issue would be utilized for the purchase of software, purchase of media inventory, and general corporate purposes.
The company had revenues of Rs 29.89 crore with a profit of 49.60 lakhs (Year ended March 31, 2019), revenues of Rs. 52.61 crores with a profit of Rs. 77.86 lakhs (Year ended March 31, 2020), and revenue of Rs.24.55 crores with a net profit of Rs.72.21 lakhs (Year ended March 31, 2021).
Reetech International Cargo and Courier Limited-
The company was initially incorporated in the year 2008 and was engaged in the business of agriculture goods such as rice milling, rice sorting, dal milling, dal processing, and agriculture products. In the year 2020, the company commenced the business of trading in coal and has emerged as one of the recognized suppliers of coal in the state of Chhattisgarh. The diversified product portfolio of the company comprises coal from Indonesia, South Africa, Australia, and India. It supplies its products to customers in sectors like power, steel, rolling, and other industries. The handling and transportation of the orders are facilitated through road transport and railways.
The company imports the entire spectrum of South African coal that comprises 6000 NAR, 5500 NAR, and 4800 NAR. The coal is transported in multifarious vessels such as Supramax, Panamax, Babycape, and Capesize vessels. It is stored at various locations including the Gangavaram and Vizag Ports. It also imports the entire spectrum of Indonesian coal extending from the low calorific value, and medium calorific value to the high calorific value. The company also trades in Indian coal which is sourced locally. It is flexible in using the mode of transport while supplying goods to its clients across India which it does by sea, rail, or by road.
The promoters of the company are Mr. Mahendra Ahuja and Ms. Roma Ahuja. The proceeds of the issue would be utilized to meet the working capital requirements and general corporate purposes. Listing would enhance the brand image of the company.
The company had revenues of Rs 18.99 lakhs with a profit of 13.75 lakhs (Year ended March 31, 2020), revenues of Rs. 18.42 crores with a profit of Rs. 40.53 lakhs (Year ended March 31, 2021), and revenue of Rs.116.89 crores with a net profit of Rs.4.40 crore (Year ended March 31, 2022).
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Cargotrans Maritime Limited-
Cargotrans Maritime Limited is an international logistics solutions provider engaged in providing sea logistics services including ocean freight forwarding, transportation, customs clearance, warehousing, and other value-added services to clients. It started the freight forwarding business in 2012 and since then has increased its expertise. In October 2019 the company acquired a 100% stake in Cargotrans Maritime Agencies Private limited and Cargotrans Maritime forwarding private limited to enter into the segment of custom house agent service and coastal transportation.
Cargotrans Maritime limited has a multi-modal transport operator’s license and this enables it to issue a single negotiable multimodal transport document covering multiple modes of transport. It also undertakes work related to regulatory compliance services such as customs clearance through CMAPL. The registered office of the company is located at Gandhidham and it has two port offices at Mundra and Pipavav. The company operates at 4 seaports of Gujarat i.e. Mundra, Hazira, Kandla, and Pipavav. It operates a fleet of 9 owned commercial trailers for moving containers and also hires third-party transport operators to meet the shipping demand of its customers.
The promoters of the company are Mr. Edwin Alexander, Ms. Manju Edwin, Mr. B. Chandrashekhar Rao, and Mr. Mathew Jacob. The net proceeds of the issue would be utilized to meet the working capital requirements and general corporate purposes.
The company had revenues of Rs 20.57 crore with a profit of 27.56 lakhs (Year ended March 31, 2020), revenues of Rs. 49.40 crore with a profit of Rs. 1.15 crore (Year ended March 31, 2021), and revenue of Rs.89.54 crore with a net profit of Rs. 2.36 crore (Year ended March 31, 2022).
Concord Control Systems Limited-
Concord Control Systems Limited is engaged in the business of manufacturing and supply of coach-related and electrification products for Indian railways and other railway contractors. It manufactures products required in railway coaches like inter-vehicular couplers, emergency lighting systems, brushless DC carriage fans, exhaust fans, cable jackets, bellows, etc., and products required in the electrification of coaches and broad gauge network of Indian railways like; battery chargers 200 AH, the battery charger 40 AH and tensile testing machine.
The company started its operations in 2011 when it started to supply battery chargers for the transaction system of railway electrification. It further expanded its business in manufacturing products fitted in coaches of Indian railways in 2013 and got approved for emergency light units. In the year 2014, the company got approval for the manufacturing and supply of tensile load testing machines for porcelain and composite insulators before the installation of electrical lines. The company currently has two manufacturing units located in Lucknow, Uttar Pradesh with an area measuring 1880 sq. mtrs.
The promoters of the company are Mr. Nitin Jain and Mr. Gaurav Lath. The object of the issue is to meet working capital requirements and general corporate purposes. Listing would enhance the visibility and brand image of the company.
The company had revenues of Rs 15.89 crore with a profit of 1.04 crore (Year ended March 31, 2020), revenues of Rs. 17.60 crores with a profit of Rs. 1.43 crore (Year ended March 31, 2021), and revenue of Rs. 31.73 crores with a net profit of Rs. 2.58 crore (Year ended March 31, 2022).
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