Bansal Multiflex Ltd IPO (Bansal Multiflex IPO) Detail

June 30, 2017 - July 4, 2017

Bansal Multiflex IPO is a fixed price issue of Rs 6.20 crores.

Bansal Multiflex IPO bidding started from June 30, 2017 and ended on July 4, 2017. The shares got listed on NSE SME on July 12, 2017.

Bansal Multiflex IPO price is ₹31 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹124,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Bansal Multiflex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Bansal Multiflex IPO DRHP for detailed information.

Bansal Multiflex IPO Details

IPO Date	June 30, 2017 to July 4, 2017
Listing Date	July 12, 2017
Face Value	₹10 per share
Price	₹31 per share
Lot Size	4000 Shares
Total Issue Size	2,000,000 shares (aggregating up to ₹6.20 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME

Bansal Multiflex IPO Reservation

Bansal Multiflex IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	4000	₹124,000
Retail (Max)	1	4000	₹124,000
Lot Size Calculator

About Bansal Multiflex Ltd

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 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 (Bansal Multiflex IPO Objectives)

The object to the issue are to:

1. Fulfill Working Capital requirements and
2. General Corporate Purpose.

Bansal Multiflex IPO Review (May apply)

[Dilip Davda] Only risk savvy cash surplus investors may consider moderate investment for long term in this costly bet. Read detail review...

Bansal Multiflex IPO Subscription Status (Bidding Detail)

The Bansal Multiflex IPO is subscribed times on Jul 4, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (times)

Bansal Multiflex IPO Prospectus

› Bansal Multiflex IPO DRHP

Bansal Multiflex IPO Rating

3.4

Rating:

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Bansal Multiflex IPO Listing Details

Listing Date	July 12, 2017
BSE Script Code
NSE Symbol	BANSAL
ISIN	INE668X01018
Final Issue Price	₹31 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade

NSE SME
₹31.00
₹34.00
₹32.70
₹36.85
₹35.70

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Bansal Multiflex IPO Contact Details

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

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Bansal Multiflex IPO - Buy or Not

Bansal Multiflex IPO Recommendation Summary

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

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Bansal Multiflex IPO Lead Manager(s)

Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)

Lead Manager Reports

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Bansal Multiflex IPO FAQs

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 is priced at ₹31 per share. The minimum order quantity is 4000 Shares.

The IPO opens on June 30, 2017, and closes on July 4, 2017.

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

The Bansal Multiflex IPO opens on June 30, 2017 and closes on July 4, 2017.

Bansal Multiflex IPO lot size is 4000 Shares, and the minimum amount required is ₹124,000.

You can apply in Bansal Multiflex 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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.

The Bansal Multiflex IPO listing date is on July 12, 2017.

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22 Comments

Stock Discussion

21. Jitendra gautam | Link |Aug 9, 2017 5:04:02 PM

bopdike ramesh pawar fekna bandh kar 1 to bhara nahi hai 7 ki baat karta hai

20. namra | Link |Jul 8, 2017 6:18:27 PM

GMP PLEASE

19. Swamy | Link |Jul 8, 2017 12:02:05 PM

Link pls

18. Swamy | Link |Jul 8, 2017 12:01:08 PM

When?

17. Yug | Link |Jul 8, 2017 12:54:57 AM

Allotment is out

16. Aashi | Link |Jul 6, 2017 2:13:30 AM

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!

15. Aarti | Link |Jul 3, 2017 2:20:29 PM

Pls inform me what is the Kostak rate for this IPO.
Thxs

14. GoodFortune | Link |Jun 30, 2017 8:41:54 PM

This message has been removed by a moderator.

14.1. hnc | Link |Jul 1, 2017 11:41:19 AM

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.

13. vishal soni | Link |Jun 28, 2017 9:16:38 PM

ðŸ¹ðŸ¹ SME IPO ðŸ¹ðŸ¹

ðŸ— Pushpanjali Realms & Infratech Ltd IPO (Pushpanjali Realms IPO) Detail ðŸ¢

ðŸŒ… 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.

ðŸ‘¤ Deepak Mittal, aged 40 years, is company''''s promoter and managing director. Mittal has more than 11 years in hospitality and real estate Industry.

ðŸ˜ 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.

ðŸ¢ðŸ¡ðŸ¢Currently, the company has two ongoing projects in Dehradun, one is â€œEminent Heightsâ€ with total area of 64,800 sq ft and second is â€œOrchid Parkâ€ 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

ðŸŽ¢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.

ðŸ›£All these improved operational metrics have got reflected in better return ratios of 19% ROCE and 20% ROE for the company as on FY17.

ðŸ¤ Avinash Goraksakar research head at Joindre Capital says, ''''We believe that once the proposed IPO is completed the companyâ€™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 companyâ€™s existing projects which would also clearly reflect in a significant higher Topline and bottomline ahead over the next two years.''''

ðŸ˜The â€˜Affordable Housing for Allâ€™ 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.

ðŸŒ‰Also, the â€˜100 Smart Citiesâ€™ 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

12. ~~SecTheta~~ | Link |Jun 27, 2017 11:39:12 PM

Clear avoid.

11. ~~STOCKT~~ | Link |Jun 27, 2017 10:32:57 AM

waste .

dont apply and stay away from this expensive stock

10. Prabhakaran Kuppusamy | Link |Jun 21, 2017 11:09:18 AM (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.

9. Prabhakaran Kuppusamy | Link |Jun 21, 2017 11:04:32 AM (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.

8. Prabhakaran Kuppusamy | Link |Jun 21, 2017 10:47:05 AM (400+ Posts, 300+ Likes)

Capital History
Year      Equity Capital       Remarks
201703      5.41        Pursuant to Slump Sale
201311      0.01        Subscriber to MOA

7. Prabhakaran Kuppusamy | Link |Jun 21, 2017 10:46:29 AM (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      -      -      -

6. Prabhakaran Kuppusamy | Link |Jun 21, 2017 10:46:08 AM (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

5. Prabhakaran Kuppusamy | Link |Jun 21, 2017 10:45:47 AM (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

4. Prabhakaran Kuppusamy | Link |Jun 21, 2017 10:45:17 AM (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.

3. Prabhakaran Kuppusamy | Link |Jun 21, 2017 10:44:49 AM (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

2. Prabhakaran Kuppusamy | Link |Jun 21, 2017 10:44:17 AM (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