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GG Engineering Ltd IPO (GG Engineering IPO) Detail

Jun 30, 2017 - Jul 7, 2017

Incorporated in 2006, GG Engineering Ltd (GGEL) is an authorised O.E.A. of Ashok Leylend & Perkins make engine. They manufacture DG Sets in the range of 10 to 2250 KVA. They make DG Sets with Ashok Leylend Engine ranging from 10 to 250 KVA and with Perkins Engine ranging from 300 to 2250 KVA.

The company is equipped with all facilities to execute all types of manufacturing activities such as punching, forming, shearing, bending, fabrication, welding & assembly etc. Company's major customers include Sonali Electrical Sales & Service, R M S International Private Ltd, Raman General Pvt Ltd, Bondre Associates, ATR Enterprises, Prashant Electricals, Ashok Khandelwal, Kumar & Kumar Associates, Ms. Proviso Group, Gupta Builders and Developers.

Company Promoters:

The promoters of the company are:

1. Mr. Vinod Harmukhrai Beriwal
2. Mr. Kamal Beriwal

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Lacs)
31-Dec-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 661.95 571.22 471.92 523.65 333.82 264.57
Total Revenue 598.60 520.23 206.79 212.89 5.42 585.90
Profit After Tax 1.61 13.55 1.39 (1.22) 0.53 57.98

Objects of the Issue:

The objects of the Issue are:

1. To part-finance incremental working capital requirements
2. To meet the general corporate expenses
3. To meet the expenses of the Issue.

Issue Detail:

  »»  Issue Open: Jun 30, 2017 - Jul 7, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,116,000 Equity Shares of Rs 10 aggregating up to Rs 2.23 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 20 Per Equity Share
  »»  Market Lot: 6000 Shares
  »»  Minimum Order Quantity: 6000 Shares
  »»  Listing At: BSE SME

GG Engineering IPO Reviews:

  1. GG Engineering 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 IST--5400054000
Day 2 - Jul 3, 2017 17:00 IST--108000108000
Day 3 - Jul 4, 2017 17:00 IST-12000162000174000
Day 4 - Jul 5, 2017 17:00 IST-12000210000222000
Day 5 - Jul 6, 2017 17:00 IST-24000402000426000
Day 6 - Jul 7, 2017 17:00 IST-68400010200001704000

GG Engineering IPO Prospectus

GG Engineering IPO Rating

39
2.8
Rating:Rated 2.8 stars

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GG Engineering IPO Listing Date

  •   ›  Listing Date: Monday, July 17, 2017
  •   ›  BSE Script Code: 540614
  •   ›  NSE Symbol:
  •   ›  Listing In: ‘M’ Group of Securities
  •   ›  ISIN: INE694X01014
  •   ›  Issue Price: Rs 20 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 20.00
Rs 21.00
Rs 19.90
Rs 21.00
Rs 20.70
390,000

GG Engineering IPO News Alerts

  1. Monday, July 17, 2017 12:00:00 AM
    GG Engineering Ltd IPO - Listing
  2. Friday, July 7, 2017 12:00:00 AM
    GG Engineering Ltd IPO - Close
  3. Friday, June 30, 2017 12:00:00 AM
    GG Engineering Ltd IPO - Open

Company Contact Information

GG Engineering Ltd
Shop No 15,
1st Floor, Evershine Mall,
Chincholi, Malad (West), Mumbai - 400 064
Phone: +91-22-4924 1267
Fax: +91-22-4924 1267
Email: gglimited@ggengg.in
Website: http://www.ggengg.in

GG Engineering IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: ggengg@karvy.com
Website: http://karisma.karvy.com

GG Engineering IPO Lead Manager(s)

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GG Engineering IPO Review / Comments

avatar
19. nicks Jain  Aug 8, 2017 4:09:46 PM IST I Like It. | Report Abuse Reply
Guys have patience pls
Allotment shall come today late evening or tomorrow morning.
till then take rest...........
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18. Expert Rai  Aug 1, 2017 10:51:41 AM IST I Like It. | Report Abuse Reply
GMP

Cochin 158 - 160

SIS 57 - 60
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17. Expert Rai  Jul 29, 2017 9:56:46 AM IST I Like It. | Report Abuse Reply
GMP

Cochin 143 - 145
SIS 80 - 85
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16. chupa Rustam  Jul 22, 2017 11:25:32 AM IST I Like It. | Report Abuse Reply
good new, Salasar will be list on 25th July 2017 @ 348/- + 5% upper circuit
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15. Hakimuddin lashkerwala  Jul 13, 2017 10:45:21 PM IST I Like It. | Report Abuse Reply
Wht is listing date
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14. Prabhakaran Kuppusamy  Jul 5, 2017 2:45:22 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Pros:
DE is decent (~0.35)
Book seems to be fine (PB of 1.9)
Cons:
PE of 285!! LOL.
ROE and ROCE is worse (even negative for some FY)
Operating cash-flow is negative every alternate year
Rise in raw-material cost every year (resulting in increasing sales but stagnant net-profit)
Workforce of the company is reduced (by 10%) in FY16

In long-term, the company will perform very well.
But, at the issue price of 20, the IPO is over-priced.
So, its a clear AVOID (however one can buy in secondary market after the correction post-listing).
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13. Prabhakaran Kuppusamy  Jul 5, 2017 2:37:04 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Key operating ratios

Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
EPS(Rs)      0.44      0.05      -      0.03      2.90
Book value(Rs)      10.49      10.05      10.00      10.06      10.03
CEPS(Rs)      0.75      0.88      0.59      0.05      4.20
NPM(%)      2.13      0.48      -0.47      50.00      13.68
OPM(%)      7.54      20.29      15.02      50.00      24.76
ROCE(%)      7.32      4.12      3.64      0.39      39.30
ROE(%)      3.50      0.33      -0.39      0.50      28.86
Debt/equity      0.35      0.26      0.41      0.27      -
Interest cover      1.63      1.14      1.08      -      11.29
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12. Prabhakaran Kuppusamy  Jul 5, 2017 2:36:46 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Cash flow analysis (Rs.in Crs.)
Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
NOPAT      0.32      0.08      -0.13      0.01      0.64
Operating cash flow      -0.45      0.49      -0.55      0.21      1.15
Free cash flow      -0.45      0.49      -0.33      3.18      1.15
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11. Prabhakaran Kuppusamy  Jul 5, 2017 2:36:28 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Key financials (Rs.in Crs.)
Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
Net sales      5.17      2.07      2.13      0.02      4.24
Operating profit      0.42      0.42      0.32      0.01      1.05
Net profit      0.14      0.01      -0.01      0.01      0.58
Equity cap pd      3.06      3.06      3.06      2.00      2.00
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10. Prabhakaran Kuppusamy  Jul 5, 2017 2:36:06 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Half Yearly
Year      201603      201503      Var(%)
Type      Full Year      Full Year
Sales Turnover      5.17      2.07      149.76
Other Income      0.03      0.00      N.A.
Total Income      5.20      2.07      151.21
Total Expenditure      4.78      1.65      189.70
Operating Profit      0.42      0.42      0.00
Interest      0.19      0.14      35.71
Gross Profit      0.23      0.28      -17.86
Depreciation      0.09      0.26      -65.38
Tax      0.02      0.03      -33.33
Reported PAT      0.14      0.01      1,300.00
Dividend (%)      0.00      0.00      N.A.
avatar
9. Prabhakaran Kuppusamy  Jul 5, 2017 2:35:41 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Quarterly
Year      201612      201603      201503      Var(%)
Type      3rd Qtr3.00      Full Year      Full Year
Sales Turnover      5.90      5.17      2.07      149.76
Other Income      0.09      0.03      0.00      N.A.
Total Income      5.99      5.20      2.07      151.21
Total Expenditure      5.75      4.78      1.65      189.70
Operating Profit      0.24      0.42      0.42      0.00
Interest      0.15      0.19      0.14      35.71
Gross Profit      0.09      0.23      0.28      -17.86
Depreciation      0.07      0.09      0.26      -65.38
Tax      0.01      0.02      0.03      -33.33
Reported PAT      0.02      0.14      0.01      1,300.00
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8. Prabhakaran Kuppusamy  Jul 5, 2017 2:34:12 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
P & L Account (Rs.in Crs.)

Year      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
Sales Turnover      5.17      2.07      2.13      0.02      4.24
Other Income      0.03      0.00      0.00      0.03      1.62
Stock Adjustments      0.95      0.50      0.00      0.00      -0.16
Total Income      6.15      2.57      2.13      0.05      5.70
Raw Materials      4.52      1.48      1.40      0.00      2.57
Excise Duty      0.00      0.00      0.00      0.00      0.00
Power & Fuel Cost      0.00      0.00      0.00      0.00      0.00
Other Manufacturing Expenses      0.00      0.00      0.00      0.00      0.00
Employee Cost      0.56      0.62      0.18      0.00      0.54
Selling and Administration Expenses      0.00      0.00      0.00      0.00      0.00
Miscellaneous Expenses      0.65      0.04      0.22      0.05      1.54
Less: Preoperative Expenditure Capitalised      0.00      0.00      0.00      0.00      0.00
Profit before Interest, Depreciation & Tax      0.42      0.42      0.32      0.01      1.05
Interest & Financial Charges      0.19      0.14      0.12      0.00      0.07
Profit before Depreciation & Tax      0.23      0.28      0.20      0.01      0.98
Depreciation      0.09      0.26      0.19      0.00      0.26
Profit Before Tax      0.15      0.02      0.01      0.01      0.72
Tax      0.01      0.01      0.02      0.00      0.14
Profit After Tax      0.14      0.01      -0.01      0.01      0.58
Adjustment below Net Profit      0.00      0.00      0.00      0.00      0.00
P & L Balance brought forward      0.01      0.00      0.01      0.01      -0.57
Appropriations      0.00      0.00      0.00      0.00      0.00
P & L Bal. carried down      0.15      0.01      0.00      0.01      0.01
Equity Dividend      0.00      0.00      0.00      0.00      0.00
Preference Dividend      0.00      0.00      0.00      0.00      0.00
Corporate Dividend Tax      0.00      0.00      0.00      0.00      0.00
Equity Dividend (%)      0.00      0.00      0.00      0.00      0.00
Earning Per Share (Rs.)      0.44      0.05      0.00      0.03      2.90
Book Value      10.49      10.05      10.00      10.06      10.03
Extraordinary Items      0.03      0.00      0.00      0.00      0.00
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7. Prabhakaran Kuppusamy  Jul 5, 2017 2:33:47 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Balance Sheet(Rs.in Crs.)

Year      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
Share Capital      3.06      3.06      3.06      2.00      2.00
Reserves & Surplus      0.15      0.02      0.00      0.01      0.01
Total Shareholders Funds      3.21      3.08      3.06      2.01      2.01
Secured Loans      1.53      0.65      0.92      0.76      0.00
Unsecured Loans      0.00      0.00      0.05      0.35      0.00
Total Debt      1.53      0.65      0.97      1.11      0.00
Total Liabilities      4.74      3.73      4.03      3.12      2.01
Gross Block      2.06      2.61      3.00      2.97      0.00
Less: Accum. Depreciation      0.00      0.00      0.00      0.00      0.00
Net Block      2.06      2.61      3.00      2.97      0.00
Capital Work in Progress      0.00      0.00      0.00      0.00      0.00
Investments      0.01      0.01      0.01      0.01      0.00
Inventories      1.83      0.85      0.58      0.04      0.00
Sundry Debtors      0.58      0.75      1.30      0.00      0.66
Cash and Bank Balance      0.14      0.04      0.04      0.09      1.52
Loans and Advances      1.09      0.47      0.31      0.24      0.47
Current Liabilities      0.96      0.97      1.21      0.22      0.44
Provisions      0.02      0.03      0.00      0.00      0.19
Net Current Assets      2.66      1.11      1.02      0.15      2.02
Miscellaneous Expenses not w/o      0.00      0.00      0.00      0.00      0.00
Total Assets      4.73      3.73      4.03      3.13      2.02
Contingent Liabilities      0.00      0.00      0.00      0.00      0.00
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6. Prabhakaran Kuppusamy  Jul 5, 2017 2:33:18 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Capital History:
Year      Equity Capital       Remarks
201704      3.0723        further allotment
201612      3.0603        further allotment
201311      3.06        further allotment
201003      2        further allotment
200806      1.4745        further allotment
200601      0.01        Subscriber to MOA
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5. GT  Jul 4, 2017 4:11:45 PM IST I Like It. | Report Abuse Reply
asdasd
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4. vishal soni  Jun 28, 2017 9:17:02 PM IST I Like It. | Report Abuse Reply


🏗 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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3. Allan  Jun 28, 2017 9:23:22 AM IST I Like It. 2 | Report Abuse Reply
When you see Navigant....all you need to do is Ignore it....Navigant is so bad that even if they were the lead managers for Google...Google will list in discount
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2. ASHISH KUMAR JAIN  Jun 25, 2017 9:03:58 PM IST I Like It. | Report Abuse Reply

PLZ Suggest any SME ipo
who ipo Will subscribe

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1. SAHIL GUPTA  Jun 24, 2017 11:55:26 PM IST I Like It. 5 | Report Abuse Reply
Navigant own share is trading at 60% discount to its IPO price and all the IPO''s handled by Navigant are trading far below its IPO price.

GG Engineering has poor fundamentals and highly overpriced.
Clear Avoid.
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