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.

Bansal Multiflex IPO Details

IPO DateJun 30, 2017 - Jul 4, 2017
Issue TypeFixed Price Issue IPO
Issue Size2,000,000 Eq Shares of ₹10
(aggregating up to ₹6.20 Cr)
Face Value₹10 Per Equity Share
IPO Price₹31 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtNSE SME

Bansal Multiflex IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹124,000
Maximum14000₹124,000

Bansal Multiflex IPO Subscription Status (Bidding Detail)

Bansal Multiflex IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Jul 4, 2017 17:00

Bansal Multiflex IPO Prospectus

Bansal Multiflex IPO Rating

54
3.4
Rating:Rated 3.4 stars

Vote Here ...

Bansal Multiflex IPO Listing Date

Listing DateWednesday, July 12, 2017
BSE Script Code
NSE SymbolBANSAL
Listing In
ISININE668X01018
IPO Price₹31 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

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

Bansal Multiflex IPO Reviews / Ratings

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
Email: CS@bansalmultiflex.com
Website: http://www.bansalmultiflex.com

Bansal Multiflex IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Bansal Multiflex IPO FAQs

  1. 1. What is Bansal Multiflex IPO?

    Bansal Multiflex IPO is a SME IPO of 2,000,000 equity shares of the face value of ₹10 aggregating up to ₹6.20 Crores.

    The issue price of the IPO is ₹31 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Jun 30, 2017 and closes on Jul 4, 2017.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. 2. When Bansal Multiflex IPO will open?

    The Bansal Multiflex IPO opens on Jun 30, 2017 and closes on Jul 4, 2017.

  3. 3. How to apply for Bansal Multiflex IPO?

    Bansal Multiflex IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Bansal Multiflex IPO allotment?

    The finalization of Basis of Allotment for Bansal Multiflex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bansal Multiflex IPO allotment status.

  5. 5. When is Bansal Multiflex IPO listing date?

    The Bansal Multiflex IPO listing date is on Wednesday, July 12, 2017, at NSE SME.
  6. 6. What is the lot size of Bansal Multiflex IPO?

    Bansal Multiflex IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

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Bansal Multiflex IPO Review / Comments

Jitendra gautam
21. Jitendra gautam  Aug 9, 2017 17:04
bopdike ramesh pawar fekna bandh kar 1 to bhara nahi hai 7 ki baat karta hai
namra
20. namra  Jul 8, 2017 18:18
GMP PLEASE
Swamy
19. Swamy  Jul 8, 2017 12:02
Link pls
Swamy
18. Swamy  Jul 8, 2017 12:01
When?
Yug
17. Yug  Jul 8, 2017 00:54
Allotment is out
Aashi
16. Aashi  Jul 6, 2017 02:13
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!
Aarti
15. Aarti  Jul 3, 2017 14:20
Pls inform me what is the Kostak rate for this IPO.
Thxs
GoodFortune
14. GoodFortune  Jun 30, 2017 20:41
This message has been removed by a moderator.
hnc
14.1. hnc  Jul 1, 2017 11:41
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.
vishal soni
13. vishal soni  Jun 28, 2017 21:16
🏹🏹 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
SecTheta
12. SecTheta  Jun 27, 2017 23:39
Clear avoid.
STOCKT
11. STOCKT  Jun 27, 2017 10:32
waste .

dont apply and stay away from this expensive stock
Prabhakaran Kuppusamy
10. Prabhakaran Kuppusamy  Jun 21, 2017 11:09
Top Contributor Top Contributor (400+ Posts, 300+ 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.
Prabhakaran Kuppusamy
9. Prabhakaran Kuppusamy  Jun 21, 2017 11:04
Top Contributor Top Contributor (400+ Posts, 300+ 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.
Prabhakaran Kuppusamy
8. Prabhakaran Kuppusamy  Jun 21, 2017 10:47
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Capital History
Year      Equity Capital       Remarks
201703      5.41        Pursuant to Slump Sale
201311      0.01        Subscriber to MOA
Prabhakaran Kuppusamy
7. Prabhakaran Kuppusamy  Jun 21, 2017 10:46
Top Contributor Top Contributor (400+ Posts, 300+ 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      -      -      -
Prabhakaran Kuppusamy
6. Prabhakaran Kuppusamy  Jun 21, 2017 10:46
Top Contributor Top Contributor (400+ Posts, 300+ 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
Prabhakaran Kuppusamy
5. Prabhakaran Kuppusamy  Jun 21, 2017 10:45
Top Contributor Top Contributor (400+ Posts, 300+ 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
Prabhakaran Kuppusamy
4. Prabhakaran Kuppusamy  Jun 21, 2017 10:45
Top Contributor Top Contributor (400+ Posts, 300+ 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.
Prabhakaran Kuppusamy
3. Prabhakaran Kuppusamy  Jun 21, 2017 10:44
Top Contributor Top Contributor (400+ Posts, 300+ 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
Prabhakaran Kuppusamy
2. Prabhakaran Kuppusamy  Jun 21, 2017 10:44
Top Contributor Top Contributor (400+ Posts, 300+ 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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