Regreen-Excel EPC India Ltd. IPO Details
Regreen-Excel EPC India was incorporated was on September 9, 2020. The company engages in engineering, procurement, and construction for various industries, including distilleries, ethanol, sugar, power, renewable energy, and more. They also offer project consultancy services to businesses across sectors.
| 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 |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 11.5 M | - | - | ₹3,500.0 M | DRHP DOC |
Regreen-Excel EPC India Ltd. issue details
Regreen-Excel EPC India Ltd. has 11.5 M shares on offer
Regreen-Excel EPC India Ltd. IPO issue size is ₹ 3,500.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Regreen-Excel EPC India 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 |
Regreen-Excel EPC India Ltd. NUMBER OF SHARES ON OFFER
Regreen-Excel EPC India 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 |
| FY24 | 598.6 | 19,299.1 | 348.9 | 297.7 | 4.6% |
| FY23 | 286.7 | 11,928.4 | 155.7 | -24.8 | 3.7% |
| FY22 | 41.5 | 7,019.0 | 308.0 | 285.0 | 1.1% |
Regreen-Excel EPC India Ltd. INFORMATION ON IPO ISSUE
About Regreen-Excel EPC India Ltd.
Regreen-Excel EPC India was incorporated was on September 9, 2020. The company engages in engineering, procurement, and construction for various industries, including distilleries, ethanol, sugar, power, renewable energy, and more. They also offer project consultancy services to businesses across sectors.
Object of the Issue
- Funding the company's capital expenditure.
- Re/prepayment of all or certain loans availed of by the company.
- Funding margin money requirements for the purpose of availing bank guarantees.
- General corporate purposes.
Regreen-Excel EPC India Ltd. - PROMOTERS
| Name |
|---|
| Sanjay Shrinivasrao Desai |
| Tushar Vedu Patil |
| Alimuddin Aminuddin Sayyed |
| Kiran Sudhakar Gavali |
| Rokesh Luis Mascarenhas |
| Sagar Satish Raut |
| Pallavi Sanjay Desai |
Regreen-Excel EPC India Ltd. Book Running Lead Manager
IIFL Securities Limited
regreen.ipo@iiflcap.com
ICICI Securities Limited
Regreen.ipo@icicisecurities.com
Regreen-Excel EPC India Ltd. Registrar to the Offer
Link Intime India Private Limited
regreenexcel.ipo@linkintime.co.in
Regreen-Excel EPC India Ltd. Strengths
Leading company in ethanol sector
As per the market the company has become one of the youngest manufacturers and suppliers of ethanol plants among the leading players in India
Proven project execution capabilities
The company provides end-to-end solutions for ethanol plants, from concept to commissioning, across various feedstocks. With expertise in technology, engineering, and project management, they have completed projects in 17 Indian states and internationally in Turkey and Thailand
Growing customer base
The company focuses on helping customers to achieve their goals in cost, productivity, and reliability with customized solutions, contributing to a growing customer base. Their average customer retention rate was 33.7% for past 3 fiscal years
Regreen-Excel EPC India Ltd. Risks
Dependent on end user industries
Most of the company's revenue relies on the performance of end-user industries. A downturn in these sectors could negatively affect its business, operations, cash flow, and financial condition
Execution delay
Any shortfall in performance, delays in project execution, or time and cost overruns could negatively impact the company's cash flows, business, operational results, and financial condition
Dependent on few customers
In FY24, 57.5% of the company's revenue came from its top ten customers. Losing any of these customers, or a decline in their financial health or demand, could negatively impact the company's business, operations, financial condition, and cash flow
IPO FAQs
The promoters of the company are Sanjay Shrinivasrao Desai, Tushar Vedu Patil, Alimuddin Aminuddin Sayyed, Kiran Sudhakar Gavali, Rokesh Luis Mascarenhas, Sagar Satish Raut and Pallavi Sanjay Desai.
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%.