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Bansal Multiflex Ltd IPO (Bansal Multiflex IPO) Detail

Jun 30, 2017 - Jul 4, 2017

Incorporated in 2013, Bansal Multiflex Ltd (BML) is engaged in trading of cloth, different type of semi furnished fabrics, varieties of finished fabrics. They are also engaged in trading of different type of chemicals primarily used in making detergent and soaps.

BML also engages services of third party job workers for processing of grey cloth which includes dying, bleaching, printing, drying etc. The company sells the semi-finished and finished product to garment houses for manufacturing of garments in the apparel industry. BML’s Product portfolio comprises of Grey fabric, Cotton Fabric, Dress materials, Matching Twill Fabrics, Satin fabrics, Slub Satin Fabrics, Cotton Slub fabrics, Dobby fabrics, Meti fabrics, Jute Fabrics, Denim Fabric, Xford Fabrics, Rencho Fabrics, Micro Cotton Fabrics and Raymond Cotton Fabrics under the spectrum of fabric and cloth and Acid Slury (LABSA),AOS Chemicals, Caustic Flakes, Caustic Soda Flakes under the spectrum of chemicals.

Company Promoters:

The promoters of the company are:

1. Anupkumar Bansal
2. Suman Bansal

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 1981.94 58.93 18.36 130.47
Total Revenue 1176.97 213.45 177.43 140.38
Profit After Tax 37.72 2.11 1.35 0.40

Objects of the Issue:

The object to the issue are to:

1. Fulfill Working Capital requirements and
2. General Corporate Purpose.

Issue Detail:

  »»  Issue Open: Jun 30, 2017 - Jul 4, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 2,000,000 Equity Shares of Rs 10 aggregating up to Rs 6.20 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 31 Per Equity Share
  »»  Market Lot: 4000 Shares
  »»  Minimum Order Quantity: 4000 Shares
  »»  Listing At: NSE SME

Bansal Multiflex IPO Reviews:

  1. Bansal Multiflex Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - Jun 30, 2017 17:00 IST0102000010640002084000
Day 2 - Jul 3, 2017 17:00 IST0125200020600003312000
Day 3 - Jul 4, 2017 17:00 IST0226400063240008588000

Bansal Multiflex IPO Prospectus

Bansal Multiflex IPO Rating

54
3.4
Rating:Rated 3.4 stars

Vote Here ...

Bansal Multiflex IPO Listing Date

  •   ›  Listing Date: Wednesday, July 12, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: BANSAL
  •   ›  Listing In:
  •   ›  ISIN: INE668X01018
  •   ›  Issue Price: Rs 31 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 31.00
Open:Rs 34.00
Low:Rs 32.70
High:Rs 36.85
Last Trade:Rs 35.70
Volume:1,420,000

Bansal Multiflex IPO News Alerts

  1. Wednesday, July 12, 2017 12:00:00 AM
    Bansal Multiflex Ltd IPO - Listing
  2. Tuesday, July 4, 2017 12:00:00 AM
    Bansal Multiflex Ltd IPO - Close
  3. Friday, June 30, 2017 12:00:00 AM
    Bansal Multiflex Ltd IPO - Open

Company Contact Information

Bansal Multiflex Ltd
72, The Nutan Guj. Co Op Shops and Warehouse,
Soc O/S Raipur Gate,
Near Laxmi Cotton Mill, Ahmedabad 380022
Phone: 079-25454570
Fax: NA
Email: CS@bansalmultiflex.com
Website: http://www.bansalmultiflex.com

Bansal Multiflex IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Bansal Multiflex IPO Lead Manager(s)

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Bansal Multiflex IPO Review / Comments

avatar
21. Jitendra gautam  Aug 9, 2017 6:04:02 PM IST I Like It. | Report Abuse
bopdike ramesh pawar fekna bandh kar 1 to bhara nahi hai 7 ki baat karta hai
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20. namra  Jul 8, 2017 7:18:27 PM IST I Like It. | Report Abuse
GMP PLEASE
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19. Swamy  Jul 8, 2017 1:02:05 PM IST I Like It. | Report Abuse
Link pls
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18. Swamy  Jul 8, 2017 1:01:08 PM IST I Like It. | Report Abuse
When?
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17. Yug  Jul 8, 2017 1:54:57 AM IST I Like It. | Report Abuse
Allotment is out
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16. Aashi  Jul 6, 2017 3:13:30 AM IST I Like It. | Report Abuse
Got oversubscribed by 4.3 times! A good investment! Company''s growth rate has increased as well.

IPO''s by Pantomath are always a safe investment!
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15. Aarti  Jul 3, 2017 3:20:29 PM IST I Like It. | Report Abuse
Pls inform me what is the Kostak rate for this IPO.
Thxs
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14. GoodFortune  Jun 30, 2017 9:41:54 PM IST I Like It. | Report Abuse
This message has been removed by a moderator.
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14.1. hnc  Jul 1, 2017 12:41:19 PM IST I Like It. | Report Abuse
U can open IndusInd 3 in one account. It provides Kotak Security trading account. Then u can apply IPO ASBA from the bank website itself.
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13. vishal soni  Jun 28, 2017 10:16:38 PM IST I Like It. | Report Abuse
🏹🏹 SME IPO 🏹🏹

🏗 Pushpanjali Realms & Infratech Ltd IPO (Pushpanjali Realms IPO) Detail 🏢

🌅 Dehradun based real-estate developer, Pushpanjali Realms and Infratech is entering the capital market with its initial public offering. The issue, which will open on June 27, 2017 and will close on June 30, 2017.Pushpanjali Realms proposes to raise Rs 14.55 crores through the issue of 26,46,000 shares of face value of Rs. 10/- each for cash at a price of Rs. 55/- per equity share. The equity shares are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited (NSE). Sarthi Capital Advisors Pvt Ltd is the sole Lead Manager for the issue.

👤 Deepak Mittal, aged 40 years, is company''''s promoter and managing director. Mittal has more than 11 years in hospitality and real estate Industry.

🏘 Pushpanjali enjoys a sizeable and diverse portfolio of projects in Dehradun, Uttarakhand, where it plans to execute residential flats in range of 1BHK, 2BHK, 3 BHK and 4 BHK for customers across all income groups and spread in all over the city. Strategic locations of its projects in high economic growth areas strengthen the stability of its revenues streams and enhances its ability to close financing arrangements for its projects.

🏢🏡🏢Currently, the company has two ongoing projects in Dehradun, one is “Eminent Heights” with total area of 64,800 sq ft and second is “Orchid Park” with total land area of 2,02,500 sq ft. Both these projects have got all required clearances and are likely to be monetised over the next 12 to 18 months.
Pushpanjali has built a strong established brand name in a short-time with a good execution track record

🎢Pushpanjali enjoys a strong financial track record. In the last four years between FY14 to FY17, the company has consistently improved its financial performance IN FY-14, it started with a small revenue base of Rs 1.16 crore which has multiplied over 18x to touch Rs 18.48 crs in December 31, 2016. Likewise, EBIDTA from operations has also grown significantly from Rs 0.03 crs in FY14 to touch Rs 1.35 crore in in December 31, 2016. WHile net profit has grown from a small base from Rs 0.02 crs in FY14 to Rs 1.18 crs in December 31, 2016.

🛣All these improved operational metrics have got reflected in better return ratios of 19% ROCE and 20% ROE for the company as on FY17.

🤠Avinash Goraksakar research head at Joindre Capital says, ''''We believe that once the proposed IPO is completed the company’s capital structure will further get a boost with the overall leverage reducing and more equity funds being used for working capital and project financing purposes. Overall we expect the operational return ratios like ROCE and ROE to improve further by FY19 on the back of confirmed visibility of the company’s existing projects which would also clearly reflect in a significant higher Topline and bottomline ahead over the next two years.''''

🏘The ‘Affordable Housing for All’ is a critical policy agenda for the present Narendar Modi government. Building of 1.6 million homes was sanctioned in FY14 with a value of Rs. 41,723 crore. Approximately 11 crore houses is estimated to be required by 2022 of which 70% will be in the affordable segment. The potential investment required in this space is US$250 billion per annum as per a KPMG report thus implying a huge opportunity for HFCs focused on LMI segment.

🌉Also, the ‘100 Smart Cities’ government initiative is aimed at reshaping the urban landscape by making cities more affordable and livable. Each city selected under the scheme would be granted Rs. 100cr/year for five years.This presents a huge opportunity for the housing segment and especially for players like Pushpanjali which have positioned themselves very strongly in this segment
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12. SecTheta  Jun 28, 2017 12:39:12 AM IST I Like It. 1 | Report Abuse
Clear avoid.
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11. STOCKT  Jun 27, 2017 11:32:57 AM IST I Like It. | Report Abuse
waste .

dont apply and stay away from this expensive stock
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10. Prabhakaran Kuppusamy  Jun 21, 2017 12:09:18 PM IST I Like It. 5 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
7 out of (last) 7 issues lead by Pantomath have given positive listing gains.
Out of those 7, only Bohra is trading below the issue price now (by 15%).
Other 6 are trading at current gains from 9% (Manomay) to 111%(Chemcrux).

Having said all these positives about Pantomath, still I strongly feel that Bansal is an AVOID.
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9. Prabhakaran Kuppusamy  Jun 21, 2017 12:04:32 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Pros:
Lead by Pantomath.

Cons (too many):
PE of 44.
Diminishing bookvalue.
ROE is <13%
Cash-flow (outflow) is almost twice the value that is being raised through IPO (it shows pessimism among promoters).
Slump Sale happened in March''17. Sudden rise in income (for Mar''17) maybe because of slump-sale.
Total debt is 6.52 crore and issue size is 6.2 crore. LOL.

It seems to be a clear AVOID. There are listed peers in secondary market (mainline). Those (even Jyothy lab is at PE of 30; Rupa is also good option) seems to be a better option.
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8. Prabhakaran Kuppusamy  Jun 21, 2017 11:47:05 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Capital History
Year      Equity Capital       Remarks
201703      5.41        Pursuant to Slump Sale
201311      0.01        Subscriber to MOA
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7. Prabhakaran Kuppusamy  Jun 21, 2017 11:46:29 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Key operating ratios

Year end      Mar 17      Mar 16      Mar 15      Mar 14
EPS(Rs)      0.70      21.10      13.50      9.60
Book value(Rs)      10.77      48.60      27.60      14.00
CEPS(Rs)      0.76      20.00      10.00      -
NPM(%)      3.23      0.94      0.56      -
OPM(%)      5.27      1.41      1.13      0.71
ROCE(%)      9.37      14.63      23.53      -
ROE(%)      12.93      50.00      50.00      -
Debt/equity      1.14      3.87      3.01      -0.09
Interest cover      14.75      -      -      -
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6. Prabhakaran Kuppusamy  Jun 21, 2017 11:46:08 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Cash flow analysis (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14
NOPAT      0.41      0.02      0.01      -
Operating cash flow      -9.71      0.03      -0.11      0.03
Free cash flow      -9.32      0.03      -0.11      0.03
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5. Prabhakaran Kuppusamy  Jun 21, 2017 11:45:47 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Key financials (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14
Net sales      11.76      2.13      1.77      1.40
Operating profit      0.62      0.03      0.02      0.01
Net profit      0.38      0.02      0.01      -
Equity cap pd      5.41      0.01      0.01      0.01
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4. Prabhakaran Kuppusamy  Jun 21, 2017 11:45:17 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Half Yearly numbers
Year      201703      201603      Var(%)
Type      Full Year      Full Year
Sales Turnover      11.76      2.13      452.11
Other Income      0.01      0.00      N.A.
Total Income      11.77      2.13      452.58
Total Expenditure      11.15      2.10      430.95
Operating Profit      0.62      0.03      1,966.67
Interest      0.04      0.00      N.A.
Gross Profit      0.58      0.03      1,833.33
Depreciation      0.03      0.00      N.A.
Tax      0.17      0.01      1,600.00
Reported PAT      0.38      0.02      1,800.00
Dividend (%)      0.00      0.00      N.A.
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3. Prabhakaran Kuppusamy  Jun 21, 2017 11:44:49 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
P & L Account (Rs.in Crs.)

Year      Mar 17      Mar 16      Mar 15      Mar 14(5)
Sales Turnover      11.76      2.13      1.77      1.40
Other Income      0.01      0.00      0.00      0.00
Stock Adjustments      1.35      0.11      -0.05      0.09
Total Income      13.12      2.24      1.72      1.49
Raw Materials      11.83      2.10      1.28      1.39
Excise Duty      0.00      0.00      0.00      0.00
Power & Fuel Cost      0.00      0.00      0.00      0.00
Other Manufacturing Expenses      0.00      0.00      0.00      0.00
Employee Cost      0.26      0.07      0.07      0.02
Selling and Administration Expenses      0.00      0.00      0.00      0.00
Miscellaneous Expenses      0.41      0.04      0.36      0.07
Less: Preoperative Expenditure Capitalised      0.00      0.00      0.00      0.00
Profit before Interest, Depreciation & Tax      0.62      0.03      0.02      0.01
Interest & Financial Charges      0.04      0.00      0.00      0.00
Profit before Depreciation & Tax      0.58      0.03      0.02      0.01
Depreciation      0.03      0.00      0.00      0.00
Profit Before Tax      0.55      0.03      0.02      0.00
Tax      0.17      0.01      0.01      0.00
Profit After Tax      0.38      0.02      0.01      0.00
Adjustment below Net Profit      0.00      0.00      0.00      0.00
P & L Balance brought forward      0.04      0.02      0.00      0.00
Appropriations      0.00      0.00      0.00      0.00
P & L Bal. carried down      0.42      0.04      0.02      0.00
Equity Dividend      0.00      0.00      0.00      0.00
Preference Dividend      0.00      0.00      0.00      0.00
Corporate Dividend Tax      0.00      0.00      0.00      0.00
Equity Dividend (%)      0.00      0.00      0.00      0.00
Earning Per Share (Rs.)      0.70      21.10      13.50      9.60
Book Value      10.77      48.60      27.60      14.00
Extraordinary Items      0.00      0.00      0.00      0.00
avatar
2. Prabhakaran Kuppusamy  Jun 21, 2017 11:44:17 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Balance Sheet (Rs.in Crs.):
Year      Mar 17      Mar 16      Mar 15      Mar 14
Share Capital      5.41      0.01      0.01      0.01
Reserves & Surplus      0.42      0.04      0.02      0.00
Total Shareholders Funds      5.83      0.05      0.03      0.01
Secured Loans      6.08      0.00      0.00      0.00
Unsecured Loans      0.44      0.20      0.13      0.00
Total Debt      6.52      0.20      0.13      0.00
Total Liabilities      12.35      0.25      0.16      0.01
Gross Block      0.40      0.01      0.00      0.00
Less: Accum. Depreciation      0.03      0.00      0.00      0.00
Net Block      0.37      0.01      0.00      0.00
Capital Work in Progress      0.00      0.00      0.00      0.00
Investments      0.01      0.00      0.00      0.00
Inventories      1.50      0.15      0.04      0.09
Sundry Debtors      16.27      0.22      0.10      1.18
Cash and Bank Balance      1.51      0.14      0.05      0.04
Loans and Advances      0.17      0.07      0.00      0.00
Current Liabilities      7.25      0.33      0.02      1.29
Provisions      0.23      0.01      0.01      0.00
Net Current Assets      11.97      0.24      0.16      0.02
Miscellaneous Expenses not w/o      0.00      0.00      0.00      0.00
Total Assets      12.35      0.25      0.16      0.02
Contingent Liabilities      0.00      0.00      0.00      0.00
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