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Add-Shop Promotions Limited IPO (Add-Shop Promotions IPO) Detail

Aug 21, 2018 - Aug 30, 2018

Incorporated in 2013, Gujarat based Add-Shop Promotions Limited is a company engaged in the business of marketing and distribution of ayurvedic, food supplements, agricultural products, animal feed supplement and personal care products under the brand name "Add-Shop Promotions".

The company supplies products manufactured by select manufacturers under its brand to retailers and wholesalers. It procures the finished products from certified manufacturers and markets it through various intermediaries and sales agents.

Add-shop has tied up with Marss Herbal (India), a manufacturer of herbal and natural use products. The company supplies the manufactured products under "ADD-Shop" brand.

To penetrate major markets, Add-shop has entered into an agreement with various collecting and forwarding agents (C&F's) like Panchlingeshwara Enterprises, in Karnataka., Just Need United Trading, Maharashtra, and Good Life Enterprises Telangana.

The Company's total revenue as restated for the three months ended June 2018 and for the Financial year 2018, 2017 and 2016 was Rs.381.41 lakhs, Rs.1254.90 lakhs, Rs. 455.41 lakhs and Rs.192.67 lakhs, respectively.

The profit/loss after tax as restated for the three months ended June 2018 and Financial Year 2018, 2017 and 2016 was Rs. 16.37 lakhs, Rs. 22.96 lakhs, 14.69 lakhs, and Rs. (0.38) lakhs, respectively.

The company has 16 permanent employees on its payroll.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-June-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 806.69 757.72 83.85 41.58 1.00 1.00
Total Revenue 384.41 1,254.90 455.41 192.67 -- --
Profit After Tax 16.37 22.96 14.69 (0.38) -- --

Objects of the Issue

The objects of the issue are-
1. Setting up of an herbal & ayurvedic processing unit for manufacturing of cosmetic & non-cosmetic products
2. Brand Building and Advertisement
3. Working Capital Requirements
4. General Corporate Purposes

Add-Shop Promotions IPO Details

Add-Shop Promotions IPO Date Aug 21, 2018 to Aug 30, 2018
Add-Shop Promotions IPO Face Value ₹10 per share
Add-Shop Promotions IPO Price ₹26 per share
Add-Shop Promotions IPO Lot Size 4000 Shares
Issue Size2,396,000 shares of ₹10
(aggregating up to ₹6.23 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The Promoter of the Company is Dineshbhai Pandya. He holds 38,81,200 Equity Shares, representing 95.17% of the subscribed and paid-up Equity Share capital of the Company.

Add-Shop Promotions IPO Timeline (Tentative Timetable)

Add-Shop Promotions IPO opens on Aug 21, 2018, and closes on Aug 30, 2018. The Add-Shop Promotions IPO bid date is from Aug 21, 2018 10.00 A.M. to Aug 30, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Add-Shop Promotions IPO Opening Date Aug 21, 2018
Add-Shop Promotions IPO Closing Date Aug 30, 2018
Basis of Allotment Sep 5, 2018
Initiation of Refunds Sep 6, 2018
Credit of Shares to Demat Sep 7, 2018
Add-Shop Promotions IPO Listing Date Sep 10, 2018

Add-Shop Promotions IPO Lot Size

The Add-Shop Promotions IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹104,000).

Application Lots Shares Amount
Minimum 1 4000 ₹104,000
Maximum 1 4000 ₹104,000

Add-Shop Promotions IPO Review

Although company has shown progress in top and bottom lines, sudden jump in FY18 working is a bit surprising. Sustainability of the same going forward raises concern. Post issue equity jumps by nearly 647 times. Issue pricing is very aggressive. There is no harm in giving this issue a miss.

Read detail review...


Add-Shop Promotions IPO Subscription Status (Bidding Detail)

The Add-Shop Promotions IPO is subscribed 1.31 times on Aug 30, 2018 6:30:00 PM. The public issue subscribed 0.98 times in the retail category, times in the QIB category, and 1.64 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.64
Retail0.98
Total1.31

Add-Shop Promotions IPO Prospectus

Add-Shop Promotions IPO Rating

33
2.5
Rating:Rated 2.5 stars
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Add-Shop Promotions IPO Listing Date

Listing Date Monday, September 10, 2018
BSE Script Code 541865
NSE Symbol
Listing In MT Group of Securities
ISIN INE01B501018
IPO Price ₹26 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹26.00
₹28.20
₹28.05
₹29.00
₹28.70

Company Contact Information

Add-Shop Promotions Limited
B-304 Imperial Height
150ft Ring Road
Rajkot, Gujarat, India
Phone: 0281-2580499
Email: investor@addshop.co
Website: http://www.addshop.co/

Add-Shop Promotions IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/

Add-Shop Promotions IPO Review

Add-Shop Promotions IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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IPO Broker Recommendations

Add-Shop Promotions IPO FAQs

Add-Shop Promotions IPO is a SME IPO of 2,396,000 equity shares of the face value of ₹10 aggregating up to ₹6.23 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Aug 21, 2018, and closes on Aug 30, 2018.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Add-Shop Promotions IPO opens on Aug 21, 2018 and closes on Aug 30, 2018.

Add-Shop Promotions IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in Add-Shop Promotions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Add-Shop Promotions IPO will be done on Sep 5, 2018, and the allotted shares will be credited to your demat account by Sep 7, 2018. Check the Add-Shop Promotions IPO allotment status.

The Add-Shop Promotions IPO listing date is on Monday, September 10, 2018.
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Add-Shop Promotions IPO Message Board

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18 Comments

14. Small Investor |   Link |Sep 10, 2018 9:24:20 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
pre open show 45 ( 73% up from Issue Price ?)
14.1. Small Investor |   Link |Sep 10, 2018 9:26:12 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
now 28 pre open show
13. GrowYourMoney |   Link |Sep 5, 2018 12:27:37 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Don't understand, why such IPOs been allowed
12. VIE |   Link |Aug 30, 2018 1:46:51 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Its moving very slow still overall o. 8 times subcribed inspite about 10 days time. May be sail though till evening
11. VIE |   Link |Aug 29, 2018 10:18:49 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Two days to go. May b sail though.
10. Ballu bhai |   Link |Aug 24, 2018 11:50:57 PM
Will get oversubscribed the director being visually impaired has aggressive plan
s to achieve
9. Ballu bhai |   Link |Aug 24, 2018 11:45:46 PM
Good track record of merchant banker this should deliver
8. Abhishek Shahi |   Link |Aug 24, 2018 7:42:58 PM
Company me dum nahi lag rha
8.1. Ballu bhai |   Link |Aug 24, 2018 11:43:55 PM
Dum hai . The merchant banker has averagevtrack record .this company will deliver
7. VIE |   Link |Aug 24, 2018 8:56:11 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Sub data at
NII-0.12
RII-0.06
TOTAL-0.08
moving slowly
6. VIE |   Link |Aug 24, 2018 12:19:29 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Sub data at 12.15
NII-0.12
RII-0.02
TOTAL-0.06
5. SJ |   Link |Aug 19, 2018 2:50:25 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
As per today's gujarati daily the promotor started his career at the age of 8 by selling spicy garlic potato under the roof of umbrella !

In its product portfolio it sells weight loss pills , weight gain powder , fairness cream etc.All these are fake products with side effects and the brand is totally unfamiliar.The nice thing is that you will roll your eyes and fall asleep if you hear the price. For eg :
Bathing Soap Bar : 250
Shampoo : 250
Tooth Paste : 350 !
Khadi Night Dress : 2000 !
( who wears and who knows )

By the way Rajkotians and medical shop keepers knows this company the best.
Add this IPO in the avoid list.
4. KK IPO INVESTER |   Link |Aug 17, 2018 5:10:06 PM
ISSUE TIME 10 DAYS SO CO. HAVE DON'T TRUST IT'S FULLY SASCRIBE
SO WE ALL R AVOID AND DON'T SASCRIBE IT'S
WHO APPLY MONEY BLOCK 20 DAYS AFTER
MAKE LOSS
SO BIG AVOID SUCH AS COMPANY
3. Astronaut |   Link |Aug 15, 2018 3:14:32 PM
मतलब इसमें पैसा नही लगाए ??
3.1. IPOANALYSIS |   Link |Aug 15, 2018 8:29:51 PM
Bilkul bhi Nahi. It's not even worth any comments as but even a single positive point .
2. Abhishek Shahi |   Link |Aug 15, 2018 2:59:52 PM
sahi kaha ... second sale bhai
2.1. Ballu bhai |   Link |Aug 24, 2018 11:47:32 PM
No hoping to deliver
1. IPOANALYSIS |   Link |Aug 15, 2018 12:06:58 AM
salebhai ka bhai aagaya

dekho woh aagaya. logo ko lutne. unka hard earn money khane.

whosever retailer apply want to d=onate their money to this company