The upcoming initial public offerings(IPO) are-
Sah Polymers Limited-
Sah Polymers Limited is engaged in manufacturing and selling of polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC bags, woven sacks, HDPE/PP woven fabrics, woven polymer-based products of different weights, sizes, and colors as per customers’ specifications. The company offers bulk packaging solutions to manufacturers catering to different industries such as agro pesticides Industry, drug Industry, cement Industry, chemical Industry, fertilizer industry, food products industry, textile industry, ceramic Industry, and steel Industry. The company is a consignment stockiest of Indian Oil Corporation Limited and operates, the Dealer Operated Polymer Warehouse (DOPW), of Indian Oil Corporation Limited for their polymer division.
The company has two business divisions; domestic sales and exports. It has a presence in 6 states and 1 union territory. It supplies products in 6 regions such as Africa, the Middle East, Europe, the USA, Australia, and the Caribbean. Sah polymers have one manufacturing facility with an installed production capacity of 3960 m.t. p.a. located at Udaipur, Rajasthan.
The Promoter of the Company is Sat Industries Limited and is led by managing director Mr. Asad Daud, and whole-time director Mr.Hakim Sadiq Ali Tidiwala.
The company proposes to utilize the net proceeds towards funding the setting up of a new manufacturing facility to manufacture a new variant of Flexible Intermediate Bulk Containers (FIBC) and the repayment/ prepayment of certain secured and unsecured borrowings and funding the working capital requirements.
The company had revenues of Rs 45.61 crore with a profit of 37.13 lakhs (Year ended March 31, 2019), revenues of Rs.49.90 crores with a profit of Rs. 29.68 lakhs (Year ended March 31, 2020), and revenue of Rs. 55.34 crores with a net profit of Rs. 1.27 crores (Year ended March 31, 2021).
Rex Sealing and Packaging Industries Limited-
Rex sealing and packaging industries limited is a manufacturer and exporter of sealing packing and insulation products including jointing sheets, fabric expansion joints, gland packing & ropes, high-temperature resistant textiles, ceramic fiber products, etc.
The business was initiated in the year 1963 for manufacturing gland packaging and the promoters have more than two decades of experience in the industry. The products are manufactured at its manufacturing facility at Taloja which has strategic and operational advantages and a well-equipped laboratory, modern technology, and testing equipment with supporting environment and facilities, to ensure that the products conform to the pre-determined standards.
The promoters of the company are Mr. Naresh Nayak, Mr. Niranjan Nayak, and Mr.Manjunath Nayak. The net proceeds from the issue would be used to raise funds for funding the working capital requirement and general corporate purposes.
The company had revenues of Rs 20.17 crore with a profit of 1.13 crore (Year ended March 31, 2020), revenues of Rs.17.26 crore with a profit of Rs. 36.81 lakhs (Year ended March 31, 2021), and revenue of Rs. 21.15 crores with a net profit of Rs. 54.62 lakhs (Year ended March 31, 2022).
SVS Ventures Limited-
SVS Ventures Limited has been in the business of real estate since 2015, and is in the business of construction and real estate development, focusing primarily on the construction and development of residential and commercial projects, in and around Ahmedabad, Gujarat.
The Company intends to develop versatile projects by focusing on innovative architecture, strong project execution, and quality construction. These projects being completed will continue catering to the middle-income and high-income groups. The business currently focuses on residential villas and apartment development projects. These are designed with a variety of amenities such as security systems, sports, and recreational facilities, play areas, and electricity backup.
The Promoter of the Company is Mr. Shashikant Vedprakash Sharma. The net proceeds from the issue would be utilized to meet the working capital requirements and general corporate purposes. Listing would enhance visibility and the corporate image of the company.
The company had revenues of Rs 13.48 crore with a profit of 25 lakhs (Year ended March 31, 2020), revenues of Rs.13.55 crores with a profit of Rs. 26.61 lakhs (Year ended March 31, 2021), and revenue of Rs. 8.68 crores with a net profit of Rs. 1.83 crores (Year ended March 31, 2022).
Chaman Metallics Limited-
Chaman Metallics Limited was incorporated in 2003 and is engaged in the business of manufacturing and selling of direct reduced iron, which is mainly used as a raw material for making steel in electric arc furnaces and induction furnaces. Through the sponge iron business, the company caters to the metallic requirements of steel producers in selected geographies.
The manufacturing unit of the company is based at Chandrapur, Maharashtra, and is spread across an area of around 63 acres of land. At the sponge iron manufacturing facility, the company operates two rotary kilns having an aggregate annual installed capacity of 72,000 MT (2 X 100 MTPD) for the production of sponge iron. The strategic location of the sponge iron manufacturing facility aids access to high-quality iron ore, iron ore pellets, coal, and dolomite which are the major raw materials for sponge iron manufacturing. During the production of sponge iron, solid waste is produced as a by-product called dolochar. The revenue from sponge iron, dolochar, and other items (iron ore fines, dust, and waste scrap) contributed 97.94%, 0.99%, and 1.06% respectively to the total revenue. The products of the company are sold in the state of Maharashtra, Odisha, and Chhattisgarh and some of the customers of the company include Rajesh Steel & Wire Industries (New), R.K. Steel Sales, SMW Ispat Pvt Ltd, Gajkesari Steels & Alloys Pvt. Ltd etc.
The Promoters of our Company are Mr. Chetan Agrawal, Mr. Keshav Kumar Agrawal, M/s. G.R. Sponge and Power Limited (GRSPL) and N.R. Sponge Private Limited (NRSPL). The proceeds from the issue would be utilized to meet the working capital requirements and general corporate purposes.
The company had revenues of Rs 58.37 crore with a profit of 3.69 crores (Year ended March 31, 2020), revenues of Rs. 140.75 crores with a profit of Rs. 5.23 crore (Year ended March 31, 2021), and revenue of Rs. 185.46 crores with a net profit of Rs. 9.34 crore (Year ended March 31, 2022).
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