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Ishan International Limited IPO (Ishan International IPO) Detail

Sep 9, 2022 - Sep 14, 2022

Incorporated in 1995, Ishan International Limited is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants and pollution control systems. The company also provides high-end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals and Pollution Control Systems.

The company is selling heavy engineering equipment in international markets on various overseas projects, particularly in the Philippines, Vietnam and Indonesia to esteemed clients like Busco Sugar Milling Co. Inc, Universal RRobina CorporationC Group, First Farmer Holding Corporation FFHC, Sonedco, Sunwest, Navetco-National Veterinary Joint Stock Company, Minh Dan Pharmaceutical Joint Stock Company, Thien Tan, Song Da Group, NCC, Kosy Group, Tra Linh, PBT PT. Purnama Bohler Technologi, GMMPT.

Ishan International Limited has set up overseas offices in the Philippines, Indonesia, Hanoi (Vietnam), Ho Chi Minh City (Vietnam) and Kenya (in the process). The company's core strength Quality Management System in place under ISO 9001: 2015.

Ishan International Limited's products include ESPs, Jaggery Plant and Equipment, Cane Crushing Equipment, Mill Cheeks, Gear Boxes, Rope Couplings, Ropeless Couplings, Square Couplings, Automation Equipment, Complete Rollers, Bare Shells, Hammers Tips, Shafts, Juice Rings, Fibrizer, AC Motor for 1500KW Mill Drive with Accessories, Grooving Tools, Tableting machines, Powder filling lines, Liquid filling lines, Lab equipment, Sterilizing tunnels, Washing machines, AHUs, Filters, Distillation units, Automatic High-Speed Labeling Machine, Tablet Dissolution Test Apparatus, Pure Steam Generator, among other.

Competitive Strengths :

  • Strong brand presence in South-East Asia.
  • Diversification in various sectors ensures steady revenue.
  • A combination of experience and expertise.
  • Sustainable and Strong Order Book.
  • Focus on quality, cost efficiencies and timely implementation.
  • High Customer Satisfaction.
  • Well Established Supply and Logistic Chain.
  • Strong Risk Management.

Company Financials

Ishan International Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-191530.532708.439.62452.77319.06
31-Mar-201704.152272.5628.42481.19347.48
31-Mar-211452.522271.215.05496.25362.54
31-Mar-222168.872174.31127.15619.71126.93
Amount in ₹ Lakhs

Objects of the Issue

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:

1) Funding the Proposed Joint Venture and/or Acquisition.

2) To meet the Working Capital requirements.

3) General Corporate Expenses.

Ishan International IPO Details

Ishan International IPO Date Sep 9, 2022 to Sep 14, 2022
Ishan International IPO Face Value ₹10 per share
Ishan International IPO Price ₹80 per share
Ishan International IPO Lot Size 1600 Shares
Issue Size2,280,000 shares of ₹10
(aggregating up to ₹18.24 Cr)
Fresh Issue2,280,000 shares of ₹10
(aggregating up to ₹18.24 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

Mr. Shantanu Srivastava is the company promoter.

Ishan International IPO Timeline (Tentative Timetable)

Ishan International IPO opens on Sep 9, 2022, and closes on Sep 14, 2022. The Ishan International IPO bid date is from Sep 9, 2022 10.00 A.M. to Sep 14, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Ishan International IPO Opening Date Sep 9, 2022
Ishan International IPO Closing Date Sep 14, 2022
Basis of Allotment Sep 19, 2022
Initiation of Refunds Sep 20, 2022
Credit of Shares to Demat Sep 21, 2022
Ishan International IPO Listing Date Sep 22, 2022

Ishan International IPO Lot Size

The Ishan International IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128,000).

Application Lots Shares Amount
Retail (Min) 1 1600 ₹128,000
Retail (Max) 1 1600 ₹128,000

Ishan International IPO Promoter Holding

Pre Issue Share Holding 99.61%
Post Issue Share Holding 65.21%

Ishan International IPO Review

For the last three fiscals, IIL’s top line remained static. Its super earnings for FY22 raise eyebrows and indicate some window dressings. The sustainability of such margins going forward remains a major concern. Based on its super FY22 performance, the issue is exorbitantly priced. There is no harm in skipping this pricy issue. Read detail review...


Ishan International IPO Subscription Status (Bidding Detail)

The Ishan International IPO is subscribed 1.62 times on Sep 14, 2022 7:00:00 PM. The public issue subscribed 1.65 times in the retail category, times in the QIB category, and 1.60 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.60
Retail1.65
Total1.62

Ishan International IPO Prospectus

Ishan International IPO Rating

206
4.0
Rating:Rated 4.0 stars
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Ishan International IPO Listing Date

Listing Date Thursday, September 22, 2022
BSE Script Code
NSE Symbol ISHAN
Listing In ST Group of Securities
ISIN INE0LCW01017
IPO Price ₹80 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹80.00
Open: ₹82.00
Low: ₹77.90
High: ₹86.10
Last Trade: ₹82.80

Company Contact Information

Ishan International Limited
607, Chiranjiv Tower,
Nehru Place, New Delhi
110019
Phone: +919315603745
Email: cs@ishangroup.co.in
Website: http://www.ishanglobal.com/

Ishan International IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: ishan.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Ishan International IPO Review

Ishan International IPO Recommendation Summary

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Members 2 0 1

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Ishan International IPO FAQs

Ishan International IPO is a SME IPO of 2,280,000 equity shares of the face value of ₹10 aggregating up to ₹18.24 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600 Shares.

The IPO opens on Sep 9, 2022, and closes on Sep 14, 2022.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Ishan International IPO using UPI as a payment gateway. Zerodha customers can apply in Ishan International IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Ishan International IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Ishan International IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Ishan International IPO opens on Sep 9, 2022 and closes on Sep 14, 2022.

Ishan International IPO lot size is 1600 Shares and the minimum order quantity is .

You can apply in Ishan International 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 Ishan International IPO will be done on Sep 19, 2022, and the allotted shares will be credited to your demat account by Sep 21, 2022. Check the Ishan International IPO allotment status.

The Ishan International IPO listing date is on Thursday, September 22, 2022.
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