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Ishan International Limited IPO (Ishan International IPO) Detail

September 9, 2022 - September 14, 2022

Ishan International IPO is a fixed price issue of Rs 18.24 crores. The issue is entirely a fresh issue of 22.8 lakh shares.

Ishan International IPO bidding started from September 9, 2022 and ended on September 14, 2022. The allotment for Ishan International IPO was finalized on Monday, September 19, 2022. The shares got listed on NSE SME on September 22, 2022.

Ishan International IPO price is ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹256,000.

First Overseas Capital Limited is the book running lead manager of the Ishan International IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Ishan International IPO RHP for detailed information.

Ishan International IPO Details

IPO Date September 9, 2022 to September 14, 2022
Listing Date September 22, 2022
Face Value ₹10 per share
Price ₹80 per share
Lot Size 1600 Shares
Total Issue Size2,280,000 shares
(aggregating up to ₹18.24 Cr)
Fresh Issue2,280,000 shares
(aggregating up to ₹18.24 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion120,000 shares

Ishan International IPO Reservation

Ishan International IPO offers 2,280,000 shares. 1,080,000 (47.37%) to NII, 1,080,000 (47.37%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered120,000 (5.26%)
Other Shares Offered1,080,000 (47.37%)
Retail Shares Offered1,080,000 (47.37%)
Total Shares Offered2,280,000 (100%)

Ishan International IPO Timeline (Tentative Schedule)

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

IPO Open Date Friday, September 9, 2022
IPO Close Date Wednesday, September 14, 2022
Basis of Allotment Monday, September 19, 2022
Initiation of Refunds Tuesday, September 20, 2022
Credit of Shares to Demat Wednesday, September 21, 2022
Listing Date Thursday, September 22, 2022
Cut-off time for UPI mandate confirmation 5 PM on September 14, 2022

Ishan International IPO Lot Size

Investors can bid for a minimum of 1600 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 1600 ₹128,000
Retail (Max) 1 1600 ₹128,000
HNI (Min) 2 3,200 ₹256,000
Lot Size Calculator

Ishan International IPO Promoter Holding

Mr. Shantanu Srivastava is the company promoter.

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

About Ishan International Limited

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

Key Performance Indicator

The market capitalization of Ishan International IPO is Rs 57.66 Cr.

Pre IPO Post IPO
P/E (x) 38.09

Objects of the Issue (Ishan International IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  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 September 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)
Other1.60
Retail1.65
Total1.62

Ishan International IPO Prospectus

Ishan International IPO Rating

206
4.0
Rating:Rated 4.0 stars
Vote Here ...

Ishan International IPO Listing Details

Listing Date September 22, 2022
BSE Script Code
NSE Symbol ISHAN
ISIN INE0LCW01017
Final Issue Price ₹80 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹80.00
₹82.00
₹77.90
₹86.10
₹82.80

Check IPO Performance…

Ishan International Limited Contact Details

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://kosmic.kfintech.com/ipostatus/

Ishan International IPO - Buy or Not

Ishan International IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
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 September 9, 2022, and closes on September 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 September 9, 2022 and closes on September 14, 2022.

Ishan International IPO lot size is 1600 Shares, and the minimum amount required is ₹128,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Ishan International IPO will be done on Monday, September 19, 2022, and the allotted shares will be credited to your demat account by Wednesday, September 21, 2022. Check the Ishan International IPO allotment status.

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

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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34 Comments

17. Madhu G |   Link |  Bookmark |November 5, 2022 11:04:44 AM
Good Morning friends...
Myself Madhu Babu, applying for IPOs with a fund of 5-6 lac. I've been allotted 2 lots of Ishan International Ltd and one lot of MAKS, Anyone allotted with Ishan and what's your take. IPO veterans please share your views on Ishan International
16. Vjkg |   Link |  Bookmark |September 22, 2022 8:52:41 AM
SME listing is a surprising event. It is totally operator based move. Within a limited number of stock, they have control of direction, irrespective of stock fundamental. Yesterday listing about SABAR Flex, near 150 lot sale in prelisting and around 60 lots below listing price and rest above.and total lot is 408 (204 retailer & 204 NII) and total traded 294 means more 70% traded yesterday . You can not predict about that.
16.1. Kapz |   Link |  Bookmark |September 22, 2022 9:19:20 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Sell orders seem quite chunky at issue price. Can’t even find BOA anywhere to see who got how many shares and thus selling
15. Gaurav DD dimer |   Link |  Bookmark |September 22, 2022 7:29:30 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
1) Bad Subscription
2) Avoid Rating
3) Bigger size
4) Bad Day for listing (just after fed rate hike)

14. IPO Power |   Link |  Bookmark |September 14, 2022 12:29:02 PM
All Chittorgarh members, Please tell which one is better Tapi or Ishan?
14.3. PKRAJ |   Link |  Bookmark |September 14, 2022 5:54:35 PM
Keep your money in Savings Account without any hassle.
AUR BHI GHUM HAI JAMANE ME MAJOBBAT KE SIVA.
14.4. PKRAJ |   Link |  Bookmark |September 14, 2022 6:05:48 PM
Read as 'MAHOBBAT'
and not MAJOBBAT.
THANKS.
13. Amit Jaipur |   Link |  Bookmark |September 14, 2022 3:53:18 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Skipped it.
12. Hamsa |   Link |  Bookmark |September 13, 2022 11:30:02 AM
LISTING @40~50
11. IPOmentorbombay |   Link |  Bookmark |September 12, 2022 12:45:23 PM
Incorporated in 1995 and asking money for new venture & acquisition. what a joke. IPO price not justify above 20
10. SmartHacker |   Link |  Bookmark |September 12, 2022 11:44:49 AM
I will avoid this
9. Pratham |   Link |  Bookmark |September 12, 2022 3:45:39 AM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Avoid and apply other better Sme
8. Laxman Patel |   Link |  Bookmark |September 8, 2022 4:02:13 PM
Is this SME IPO worth buying?
8.1. Reena Parekh |   Link |  Bookmark |September 9, 2022 1:11:12 PM
As per the analysis, the company's earnings per share as of the preceding 2 years shows good growth. Therefore, can think to invest in this for future perspective.
8.2. Priyanka Meghwal |   Link |  Bookmark |September 10, 2022 6:45:57 PM
New member asking questions and new member replying. Wow. Amazing way to trap gullible investors
7. Trueinfo |   Link |  Bookmark |September 9, 2022 1:17:14 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Too many new members recommending investment!!!. What do you conclude?
7.3. AnandS |   Link |  Bookmark |September 10, 2022 9:58:07 AM
πŸ™ Rented strategists and advertisers.
7.4. RajaBanks |   Link |  Bookmark |September 10, 2022 12:55:02 PM
πŸ˜‚ πŸ˜‚ πŸ˜‚ good one @anandS
6. GOEL STOCK LINK |   Link |  Bookmark |September 9, 2022 8:52:48 PM
AVOID
5. Ankita Tiwari |   Link |  Bookmark |September 8, 2022 3:21:50 PM
Financial reports of this company are profitable but I'm in a doubt wheater or not to invest in this?
5.1. SahaniAlok |   Link |  Bookmark |September 8, 2022 3:27:14 PM
As you can see that it's a profitable company you should go ahead. It is worth investing in this
4. Ankur Goel |   Link |  Bookmark |September 5, 2022 1:16:10 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Profit is merely in lakhs. even individual salaries in private sector is more than profit of this company.
4.1. Smile. |   Link |  Bookmark |September 5, 2022 2:50:56 PM
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
With these available assets, how they are managing business in tooo many countries?
Continuous drop in revenue and with this drop they managed higher PAT in IPO year....
Not much read till now but as on info on this page it its avoid
4.2. SahaniAlok |   Link |  Bookmark |September 5, 2022 3:43:15 PM
well is we look closely the revenue was stable in covid times despite of it being a star export house & the 2022 quarter showed a good growth.

I think they manage business from india, the other offices are important to -
1. get star certification
2. to give final delivery of engineering solutiuons

This is the least i could find out from their staff
3. RajaBanks |   Link |  Bookmark |September 5, 2022 1:04:39 AM
>Finally a non-Gujrat based sme with some genuine business.
> Financials Look in a genuine UpTrend
> Company is a certified star export house which is tough to get
> Company is having office in Delhi (not gujrat xP) & overseas offices in the Philippines, Indonesia, Hanoi (Vietnam), Ho Chi Minh City (Vietnam) and Kenya (in the process) - Growing countries which have huge demands of engineering Infrastructure to harvest their resources & are yet to be developed.
> Sustainable and Strong pending order book
> Well Established Supply and Logistic Chain

might apply for 2 lots, anything else before applying?
3.2. Trueinfo |   Link |  Bookmark |September 12, 2022 11:35:14 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
@ RajaBanks, which financial is in uptrend? Revenue or PAT or something else? Can you please throw some light?
3.3. RajaBanks |   Link |  Bookmark |September 14, 2022 10:35:02 PM
@TrueInfo Sure.
For company in such a niche, a stable revenue with higher profit margins is considered as growth. I do not go by conventional means of judging the company. The best way to judge is to speak with the company employees and the management. I did the same for Rachna Infra structure, Agni & other SMEs and I had posted a review for the same but for some reason the admin locked my old account.

Ishan will give good returns, mark my words. @Admin might as well promote me to IPO mentor after all the accounts you have blocked. If it doesn't perform well, I'll never post any comment or a review on this site.
2. AnandS |   Link |  Bookmark |September 4, 2022 9:14:31 AM
SMEs like - Let's collect the money, before the world economy implodes.
1. Rathod |   Link |  Bookmark |September 4, 2022 12:37:34 AM
Its raining Sme IPOs