Home » The Upcoming Initial Public Offerings(IPO).

The Upcoming Initial Public Offerings(IPO).

The Upcoming Initial Public Offerings (IPO)-

The upcoming initial public offerings(IPO) are-

Amiable Logistics (India) Limited-

Amiable Logistics (India) Limited is in the business of providing service to importers and exporters and helps in the clearance of imports and export by air and sea providing services as a clearing and forwarding agent and customs house broker. The services include import-export consultancy, warehousing, recovery of all types of claims, international freight forwarding, and transportation through air, road, and sea.

The company initially started working as a customs clearance broker and expanded across domains, geographies, and industries to offer valuable services for the logistics industry. It offers its customers transport management and freight-related services. Amiable logistics provides a complete range of services like custom clearance, freight forwarding, warehousing, transportation, multimodal transportation, and the loading/unloading of items to facilitate customers with value-added services. Its strength lies in its extensive communication network covering places like Mumbai, JNPT, Ahmedabad, Mundra, Delhi, Chennai, Kolkata & others supported by a strong fleet of fast and adequate transportation facilities. The company has developed strong relationships with the trade community through its prompt and efficient services.

The promoter of the company is Mr. Lalit Lakhamshi Mange. The proceeds from the issue would be utilized to fund the working capital requirements and general corporate purposes. Listing would enhance the brand image of the company among existing and potential customers.

The company had revenues of Rs 16.13 crore with a profit of 21.43 lakhs (Year ended March 31, 2020), revenues of Rs. 14.03 crores with a profit of Rs. 29.67 lakhs (Year ended March 31, 2021), and revenue of Rs. 17.25 crores with a net profit of Rs. 49.38 lakhs (Year ended March 31, 2022).

Bikaji Foods International Limited-

Bikaji Foods International Limited is one of India’s large fast-moving consumer goods(FMCG) brands with an international footprint and sells Indian snacks and sweets. It is the largest manufacturer of Bikaneri bhujia with an annual production of 26,690 tonnes, the second largest manufacturer of homemade papad with an annual production of 9000 tonnes, the largest manufacturer of packed rasgulla with an annual capacity of 24000 tonnes, and one of the largest manufacturers of soan papdi and gulab jamun with an annual capacity of 23,040 tonnes and 12,000 tonnes respectively. 

The Bikaji brand was launched in 1993 with an in-depth understanding of Indian tastes and preferences. It has over the years established market leadership in ethnic snacks in its core states of Rajasthan, Assam, and Bihar and has gradually expanded its footprint across India and is now operating in 22 states and three union territories. In the past six months period ending September 2021, it exported its products to 35 international countries including countries in North America, Europe, the Middle East, Africa, and Asia Pacific. The product range of the company includes six categories; bhujia, namkeen, packaged sweets, papad, western snacks, and other snacks that include gift packs, frozen food, mathri range, and cookies.

The company has over the years developed a pan-India distribution network and has five depots, 43 super stockists, and 438 direct and 1644 indirect distributors located across 22 states and three union territories. It has six operational manufacturing facilities operated by the company; four in Bikaner, one in Guwahati, and one in Tumakuru. In addition, it has entered into a contract manufacturing agreement with a contract manufacturing unit in Kolkata which helps in catering to the eastern parts of India. It has also entered into contract manufacturing agreements with four manufacturing facilities in Rajasthan, Bihar, and Uttar Pradesh for the manufacture of namkeen and western snacks.

The promoters of the company are Mr. Shiv Ratan Agarwal and Mr. Deepak Agarwal. The objects of the offer are to achieve the benefits of listing on the stock exchange. Listing would enhance the brand image of the company.

The company had revenues of Rs 910.6 crore with a profit of 50.9 crores (Year ended March 31, 2019), revenues of Rs. 1082.9 crores with a profit of Rs. 56.3 crores (Year ended March 31, 2020), and revenue of Rs. 1322.2 crores with a net profit of Rs. 90.3 crores (Year ended March 31, 2021).

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