Incorporated in 1996, Worth Peripherals Limited engaged in manufactures and sells of corrugated boxes. The company offers regular slotted containers, die cut corrugated boxes/trays, multi-color corrugated boxes and Z sleeve, I/honeycomb partitions. They are ISO 9001:2008 and FSC certified company which serves clients in FMCG sector.
Company’s both manufacturing units are located at Pithampur, Dhar, Indore (MP). It has fully automated plant that can have multi colour (up to 6 colours) printing. With growth in the retail, pharma, breweries, textile sectors, opportunity for growth in packaging industries has increased and thus Company aims to tap these markets for further marketing and supply. Indian packaging industry is currently valued at Rs. 85000 crore and is growing at an annual rate of 15 per cent plus. Sector is expected to be triple in next five years.
The promoters of the company are:
1. Raminder Singh Chadha and
2. Amar Veer Kaur Chadha
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 8124.79 | 8571.20 | 6154.24 | 5449.23 | 4477.35 | |
| Total Revenue | 13214.73 | 12740.00 | 10778.41 | 8423.23 | 5935.17 | |
| Profit After Tax | 731.65 | 646.62 | 601.63 | 515.04 | 345.76 | |
The object of the issue are:
1. Purchase of Plant and machinery;
2. Repayment/Prepayment of certain borrowings availed by the Company;
3. Funding the working capital requirements of the Company;
4. General corporate purposes.
| IPO Date | Sep 15, 2017 - Sep 19, 2017 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4,251,000 Eq Shares of ₹10 (aggregating up to ₹18.28 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹40 to ₹43 Per Equity Share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹129,000 |
| Maximum | 1 | 3000 | ₹129,000 |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 2,125,500 | 2,125,500 | 4,251,000 |
Sep 18, 2017 17:00 | 1.77x | 3.25x | 2.62x |
| Listing Date | Wednesday, September 27, 2017 |
| BSE Script Code | |
| NSE Symbol | WORTH |
| Listing In | |
| ISIN | INE196Y01018 |
| IPO Price | ₹43 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
Worth Peripherals Ltd
102 Sanskriti Apt 44,
Saket Nagar,
Indore - 452018
Phone: +91-0731-2560267
Email: investors@worthindia.com
Website: http://www.worthindia.com
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
Worth Peripherals IPO is a SME IPO of 4,251,000 equity shares of the face value of ₹10 aggregating up to ₹18.28 Crores.
The issue price of the IPO is ₹40 to ₹43 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Book Built Issue.
The IPO opens on Sep 15, 2017 and closes on Sep 19, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Worth Peripherals IPO opens on Sep 15, 2017 and closes on Sep 19, 2017.
Worth Peripherals 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.
The finalization of Basis of Allotment for Worth Peripherals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Worth Peripherals IPO allotment status.
Worth Peripherals IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
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