Ludhiana based Anmol
India Limited (“Anmol”), engaged
in the business of energy solutions and supplying High GCV USA Coal, Indonesian
coal, Petroleum coke among others, has launched its maiden initial
public issue (IPO) on BSE SME Platform on 12 February 2019. The Company is making a Fresh Issue of 31,00,000
Equity Shares of face value of Rs 10/- each for cash at a price of INR 33/- per
equity share aggregating to INR 102.3 million. The proceeds from IPO will be
utilized to part finance working capital requirements of the Company; meet
General corporate purposes and the expenses of the Issue. The Issue will close
on 14 February 2019.
Share India
Capital Services Private Limited is the lead manger to the issue and Bigshare Services
Private Limited is the registrar to the public offer.
Company’s Managing
Director Mr Vijay Kumar said “Since inception in
1998, Anmol India has made itself a trusted brand among clients located in over
100 different locations in India. Initially serving only brick kiln industry
and Coal traders, today the Company caters to the demand of over a dozen
different types of industries and trades both in Coal and Pet Coke”
Lead Manager to the issue Mr Abhinav
Gupta, President, Share India Capital Service said “Anmol India Ltd is our 1st IPO
mandate as a merchant banker. The Company has quality fundamentals and
high potential for accelerated growth. We expect the issue to attract quality
investors as the Company has performed extremely well over the years and
specially in the last few fiscals"
"Anmol India is able to deliver such a robust return on capital due to - superior asset liability management, better inventory management, higher turnover due to improved demand outlook and lower turnaround time. The high growth in top line, specifically in FY18-19 shows strong market potential and the Company’s focus on corporate sector, penetration of in-house app "Anmol Coal" and better business environment. As the company is gaining in size and strength and is able to attract corporate customers which demand on-time product delivery and provide demand visibility. This helps company bargain better rate from source and is able to service retail clients directly which provides better margins” Mr Gupta added.
The Company’s total revenue for the fiscal 2016, 2017, 2018 and
H1FY19 ended 30, September 2018, stood at INR 1898.09 million, INR
1864.95 million, INE 2992.42 million and INR 2630.64 million respectively. The
net profit for these periods stood at INR 8.26 million, INR 10.88 million, INR
26.23 million and INR 17.18 million, respectively.
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