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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.
| 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) | -- | -- |
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 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 Size | 2,396,000 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 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 |
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 |
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...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)
| Category | Subscription (times) |
|---|---|
| NII | 1.64 |
| Retail | 0.98 |
| Total | 1.31 |
| 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 |
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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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/
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.
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