Vasuki global Industries Ltd. IPO Details
Vasuki Global Industries Limited was incorporated on 15 November 2016. It is a procurement and processing agent offering multifaceted and end-to-end solutions to its customers, who are engaged in various industries.
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 14.0 M | - | - | ₹0 | DRHP DOC |
Vasuki global Industries Ltd. issue details
Vasuki global Industries Ltd. has 14.0 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Vasuki global Industries Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Vasuki global Industries Ltd. NUMBER OF SHARES ON OFFER
Vasuki global Industries Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 86.6 | 2,762.5 | 68.8 | -12.8 | 7.1% |
| FY23 | 135.0 | 7,321.8 | 103.3 | 17.1 | 4.5% |
| FY22 | 146.7 | 9,083.9 | 84.8 | 13.5 | 3.2% |
| FY21 | 58.0 | 5,154.2 | 65.0 | -49.7 | 2.6% |
Vasuki global Industries Ltd. INFORMATION ON IPO ISSUE
About Vasuki global Industries Ltd.
Vasuki Global Industries Limited was incorporated on 15 November 2016. It is a procurement and processing agent offering multifaceted and end-to-end solutions to its customers, who are engaged in various industries.
Object of the Issue
- Funding capital expenditure requirements of the logistics division of the company, towards the purchase of goods transportation vehicles.
- Investment in its subsidiary, Vasuki Cement Private Limited (“VCPL”), for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for manufacturing various grades of cement at Revenue Survey No. 133, Village Vershamedi, Taluka Maliya, District Morbi, Gujarat, India (hereinafter referred to as the “Project” and such facility the “Proposed Facility”).
- General Corporate Purposes.
Vasuki global Industries Ltd. - PROMOTERS
| Name |
|---|
| Bankim Kantilal Mehta |
| Harshma Bankimbhai Mehta |
Vasuki global Industries Ltd. Book running lead manager
Unistone Capital Private Limited
mb@unistonecapital.com
Vasuki global Industries Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Vasuki global Industries Ltd. Strengths
Long-standing client relationships
The company's ability to integrate its procurement and logistics services has enabled it to provide quality solutions and establish long-standing relationships with some of its customers
Vertically integrated procurement and logistics company
It is a vertically integrated procurement and logistics company specializing in offering procurement and logistical solutions across various points of the supply chain in the cement, steel, and construction industries. It primarily is engaged in the business of offering procurement and processing solutions in imported as well as domestic coal
Diversified business model
The company has developed a diversified business model with its offerings ranging from procurement services to logistical services with respect to various types of imported as well as domestic coal, petroleum products, refractory materials, raw materials, as well as finished products used in the cement, steel, and construction industry
Vasuki global Industries Ltd. Risks
Relies on long-term customers
The company depends on its long-term customers for a significant portion of its revenue, and any decrease in revenues or sales from any one of such key customers may adversely affect the business
Relies on the performance of certain industries
The company's business is dependent on the performance of certain industries, particularly the cement, steel, and construction industries. Any adverse changes in the conditions affecting these industries can adversely impact its business
Dependent on the availability of coal
The company's business and profitability are substantially dependent on the availability of coal at affordable prices. Any disruption to the timely and adequate supply of coal, or volatility in the prices of coal, may adversely impact its business
IPO FAQs
The promoters of the company are Bankim Kantilal Mehta and Harshma Bankimbhai Mehta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.