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Shanti Overseas (India) Limited IPO (Shanti Overseas IPO) Detail

Jul 21, 2017 - Jul 26, 2017

Incorporated in 2011, Shanti Overseas (India) Limited is engaged in the business of organic Soybean, Soymeal and by products. Company manufacture soya products which includes, soya de-oiled cakes (soya meal), soya crude oil, degummed oil and soya lecithin. They are also into primary processing and trading of agri commodities such as chickpeas, soyabeans, cracked corn, maize, yellow peas, pulses etc.

Soil's leading export house based in central India (Indore) with overseas operations covering from USA to EUROPE. Company is in process of setting up a processing plant in the area of Dhannad, dist. Indore, for production of edible partially deffated organic Soya Flour, textured Soy Protein, expeller pressed physical refined oil and Organic Soya Lecithin. Company's major source of revenue is from the exports of soya products and agri-commodities. They markets garbanzo bean (kabuli chana) primarily under their registered brand name “Kitchen Pride”. Major foreign countries to which their product is exported includes USA, Canada, Turkey, Dubai, Pakistan Sri Lanka, Spain etc.

Company Promoters:

The promoters of the company are:

1. Mr. Mukesh Kacholia,
2. Mr. Ayush Kacholia and
3. Mr. Rohan Kacholia

Objects of the Issue:

The object of the issue are:

1. To purchase machinery for proposed Soyabean processing plant at Dhannad, Dist. Indore, Madhya Pradesh;
2. To make investment in Subsidiary Company, Shaan Agro Oils & Extractions Private Limited;
3. To meet General Corporate Expenses;
4. To meet Issue Expenses.

Issue Detail:

  »»  Issue Open: Jul 21, 2017 - Jul 26, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 2,004,000 Equity Shares of Rs 10 aggregating up to Rs 10.02 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 50 Per Equity Share
  »»  Market Lot: 3000 Shares
  »»  Minimum Order Quantity: 3000 Shares
  »»  Listing At: NSE SME

Shanti Overseas IPO Reviews:

  1. Shanti Overseas (India) Limited IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved01,002,0001,002,0002,004,000
Day 1 - Jul 21, 2017 17:00 IST0618000171000789000

Shanti Overseas IPO Prospectus

Shanti Overseas IPO Rating

76
3.7
Rating:Rated 3.7 stars

Vote Here ...

Shanti Overseas IPO News Alerts

  1. Wednesday, July 26, 2017 12:00:00 AM
    Shanti Overseas (India) Limited IPO - Close
  2. Friday, July 21, 2017 12:00:00 AM
    Shanti Overseas (India) Limited IPO - Open

Company Contact Information

Shanti Overseas (India) Limited
215-216, Vikram Tower,
1st Floor,
Indore-452001
Phone: +91-731-4020596/586/587
Fax: NA
Email: mail@shantioverseas.com
Website: http://www.shantioverseas.com

Shanti Overseas IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: soil.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Shanti Overseas IPO Lead Manager(s)

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Shanti Overseas IPO Review / Comments

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17. shasank  Jul 20, 2017 9:12:23 PM IST I Like It. | Report Abuse Reply
Hi,

I have an SBI bank account and apply for IPOs, but i am not able to find SME companies listed to apply.

Is there any way i can apply for NSE SMEs electronically?

I have found sources where i can download the bid-cum application form download in PDF format but i am not sure what to do with the form that I have downloaded.

Any help would be greatly appreciated.

Thank you.

Shasank
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17.2. Friendly  Jul 21, 2017 4:25:41 PM IST I Like It. | Report Abuse
It is quite simple. You have to check from SBI in your city, they will have one designated collection center.in the city.
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17.3. shasank  Jul 21, 2017 7:08:59 PM IST I Like It. | Report Abuse
Hi,
Is the collection center where i need to submit the bid cum application form after i print them?
Regards,
Shasank
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16. Mutyala Ramalingachowdary  Jul 20, 2017 10:12:36 PM IST I Like It. | Report Abuse Reply
Aply or not
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15. Shareking  Jul 20, 2017 3:50:41 PM IST I Like It. | Report Abuse Reply
dear Prabhakaran,
what is the debt amount on the company?
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14. Prabhakaran Kuppusamy  Jul 18, 2017 5:28:08 PM IST I Like It. 7 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Pros:
ROE is above 56% and ROCE is consistently above 20%
Consistent growth in sales and net
Business is in expansion mode - workforce is becoming bigger
Lead by Hem

Cons:
DE ratio is little higher 3.87
Cash flow is suddenly positive (after two consecutive negative flow)
Almost 70% of sales is spent on raw material itself (which tells that Shanti is like a neither a producer, nor trader)
An adjustment of -2.35 crore is done to the FY17 net-profit (unsure about that)
Two bonus issues in last 4 months (which diminished the bookvalue)

Eventhough food (or edible oil/agri-commodity) industry is good, still I wont be a buyer here. Because of it''s debt (and the company never tried to brig it down) I''m unsure about the future of the company.
I''m NEUTRAL on this with slight-negative stance.
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14.1. A C PATEL  Jul 18, 2017 5:54:50 PM IST I Like It. | Report Abuse
Prabhakaran Sir,
Univastu apply of not please reply. your opinion matters
Thanks,
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14.2. Shareking  Jul 20, 2017 11:17:11 AM IST I Like It. 1 | Report Abuse
After reading the above summary from Prabhakar, i have made my mind to apply in this issue
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13. RMK  Jul 19, 2017 11:13:18 PM IST I Like It. | Report Abuse Reply
@ Prabhakar,
Your view on this IPO .i.e apply or avoid
Basis for apply or avoid
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12. RMK  Jul 19, 2017 11:13:05 PM IST I Like It. | Report Abuse Reply
@ Prabhakar,
Your view on this IPO .i.e apply or avoid
Basis for apply or avoid
avatar
11. Prabhakaran Kuppusamy  Jul 18, 2017 5:29:52 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Barring LaxmiCot, last 8 issues led by Hem are trading above their issue price.
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11.1. Hiro Devrani  Jul 18, 2017 9:47:29 PM IST I Like It. | Report Abuse
In short prabhakaran sir should I apply for it yes or no (in short)?
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11.2. Hiro Devrani  Jul 18, 2017 9:48:35 PM IST I Like It. | Report Abuse
Prabhakaran sir in short yes or no for this Univastu ipo?
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10. IPO INFORMAR  Jul 18, 2017 6:33:34 PM IST I Like It. 2 | Report Abuse Reply
Respected Forum admin.
It is requested that please arrange date wise comments format and now a days threre are similar name of identity. Therefore, it is very complicated to read the comments.
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9. Prabhakaran Kuppusamy  Jul 18, 2017 5:14:17 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Key operating ratios

Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
EPS(Rs)      10.52      31.24      11.77      8.06      5.47
Book value(Rs)      23.82      79.81      48.57      36.87      28.81
CEPS(Rs)      13.44      35.83      14.33      10.17      7.17
NPM(%)      3.35      2.08      1.01      0.46      0.37
OPM(%)      8.05      5.66      3.54      1.68      1.47
ROCE(%)      24.83      20.99      20.27      16.34      11.36
ROE(%)      56.69      48.57      27.73      24.37      19.08
Debt/equity      3.87      4.95      3.55      4.03      5.16
Interest cover      3.35      2.41      1.82      1.80      1.68
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8. Prabhakaran Kuppusamy  Jul 18, 2017 5:14:00 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Cash flow analysis(Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
NOPAT      5.40      3.20      1.58      1.08      0.81
Operating cash flow      7.16      -7.11      -3.22      2.76      -3.58
Free cash flow      9.26      -1.41      -3.16      2.99      -3.46
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7. Prabhakaran Kuppusamy  Jul 18, 2017 5:13:44 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Key financials (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Net sales      113.30      89.91      70.61      104.87      89.08
Operating profit      9.12      5.09      2.50      1.76      1.31
Net profit      3.79      1.87      0.71      0.48      0.33
Equity cap pd      3.60      0.60      0.60      0.60      0.60
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6. Prabhakaran Kuppusamy  Jul 18, 2017 5:13:25 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Variance (Half Yearly)
Year      201703      201603      Var(%)
Type      Full Year      Full Year
Sales Turnover      113.30      89.91      26.01
Other Income      2.58      1.12      130.36
Total Income      115.88      91.03      27.30
Total Expenditure      106.76      85.94      24.23
Operating Profit      9.12      5.09      79.17
Interest      2.41      2.00      20.50
Gross Profit      6.71      3.09      117.15
Depreciation      1.05      0.28      275.00
Tax      1.82      0.82      121.95
Reported PAT      3.79      1.87      102.67
Dividend (%)      0.00      0.00      N.A.
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5. Prabhakaran Kuppusamy  Jul 18, 2017 5:12:49 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
P & L Account(Rs.in Crs.)

Year      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Sales Turnover      113.30      89.91      70.61      104.87      89.08
Other Income      2.58      1.12      0.91      0.05      0.20
Stock Adjustments      -8.47      7.09      2.79      -1.19      1.50
Total Income      107.41      98.12      74.31      103.73      90.78
Raw Materials      77.77      83.39      60.47      92.37      85.30
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      2.03      1.15      0.52      0.66      0.40
Selling and Administration Expenses      18.49      8.49      10.82      8.95      3.77
Miscellaneous Expenses      0.00      0.00      0.00      0.00      0.00
Less: Preoperative Expenditure Capitalised      0.00      0.00      0.00      0.00      0.00
Profit before Interest, Depreciation & Tax      9.12      5.09      2.50      1.76      1.31
Interest & Financial Charges      2.41      2.00      1.30      0.90      0.72
Profit before Depreciation & Tax      6.71      3.09      1.20      0.86      0.59
Depreciation      1.05      0.28      0.15      0.13      0.10
Profit Before Tax      5.67      2.81      1.06      0.72      0.49
Tax      1.88      0.94      0.35      0.24      0.16
Profit After Tax      3.79      1.87      0.71      0.48      0.33
Adjustment below Net Profit      -2.35      0.00      0.00      0.00      0.00
P & L Balance brought forward      3.54      1.66      0.96      0.48      0.15
Appropriations      0.00      0.00      0.00      0.00      0.00
P & L Bal. carried down      4.98      3.54      1.66      0.96      0.48
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.)      10.52      31.24      11.77      8.06      5.47
Book Value      23.82      79.81      48.57      36.87      28.81
Extraordinary Items      0.00      0.00      0.00      0.00      0.00
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4. Prabhakaran Kuppusamy  Jul 18, 2017 5:12:23 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Balance Sheet(Rs.in Crs.)

Year      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Share Capital      3.60      0.60      0.60      0.60      0.60
Reserves & Surplus      4.98      4.19      2.31      1.61      1.13
Total Shareholders Funds      8.58      4.79      2.91      2.21      1.73
Secured Loans      22.60      20.11      8.93      5.13      7.62
Unsecured Loans      2.16      6.83      2.26      1.83      1.30
Total Debt      24.76      26.94      11.19      6.96      8.92
Total Liabilities      33.34      31.73      14.10      9.17      10.65
Gross Block      6.88      6.05      0.62      0.72      0.64
Less: Accum. Depreciation      0.00      0.00      0.00      0.00      0.00
Net Block      6.88      6.05      0.62      0.72      0.64
Capital Work in Progress      0.50      0.00      0.00      0.00      0.00
Investments      0.02      0.00      0.00      0.00      0.00
Inventories      9.94      13.61      5.67      2.88      4.07
Sundry Debtors      13.53      11.44      6.25      5.31      6.68
Cash and Bank Balance      1.36      0.73      0.13      0.18      0.29
Loans and Advances      3.97      3.25      2.40      1.76      0.50
Current Liabilities      0.76      2.32      0.60      1.40      1.40
Provisions      2.10      1.03      0.37      0.28      0.14
Net Current Assets      25.94      25.68      13.48      8.45      10.00
Miscellaneous Expenses not w/o      0.00      0.00      0.00      0.00      0.00
Total Assets      33.34      31.73      14.10      9.17      10.64
Contingent Liabilities      0.00      0.00      0.00      0.00      0.00
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3. Prabhakaran Kuppusamy  Jul 18, 2017 5:11:55 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Capital History
Year      Equity Capital       Remarks
201705      5.4        Bonus Issue
201703      3.6        Bonus Issue
201203      0.6        further allotment
201104      0.5        Subscriber to MOA
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2. Gupta Amit  Jul 18, 2017 1:26:07 PM IST I Like It. | Report Abuse Reply
This IPO Apply or not
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1. Labdhi  Jul 18, 2017 10:53:16 AM IST I Like It. | Report Abuse Reply
What is subject to price ?
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