recent ipo

Advanced Enzyme

Posted on by Hiren Kamani

Advanced Enzyme IPO

Advanced Enzyme Incorporated in 1989, Advanced Enzyme Technologies Ltd is an India based company engaged in research, development, manufacturing and marketing of Healthcare, Nutrition and Bio-Processing products.

Advanced Enzyme produces over 400 proprietary products developed from 60 enzymes. Advanced Enzyme operates in two primary business verticals namely Healthcare & Nutrition (human and animal) and Bio-Processing (food and non-food).

Advanced Enzyme has 13 patents registered in its name and applications for registration of 4 patents are pending.

Advanced Enzyme is among top 15 companies in enzyme sales in the world and 2nd largest in India. Company has over 20 years of fermentation experience in the production of enzymes. Companies offer these products to its more than 700 global customers across 50 countries around the world.


Advanced Enzyme's R&D team consists of over 55 scientists, microbiologists, engineers, food technologists and biotechnologists. Company has four R&D facilities, of which two are located at Thane, and one each at Sinner and Chino, California.

Competitive strengths of the company:

1. Integrated Company with presence across the Enzyme Value Chain
2. Strong R&D, enzyme development and manufacturing capabilities
3. Specialized Business Model with high entry barriers
4. Diversified Product Portfolio and Wide Customer Base, served by a Strong Sales, Marketing and Distribution network
5. Experienced Promoters and Strong Management Team
6. Financial stability and stable cash flows

Company Promoters:

The promoters of the company are:
1. Mr. Chandrakant Laxminarayan Rathi
2. Mr. Vasant Laxminarayan Rathi

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
  31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 4,516.50 4,180.92 4,082.76 3,963.47 3,490.09
Total Revenue 2,946.37 2,242.69 2,404.81 2,241.15 1,748.78
Profit After Tax (PAT) 784.35 501.02 200.86 492.19 333.36

Objects of the Issue:

The Offer consists of a Fresh Issue by the company and an Offer for Sale by the Selling Shareholders.

1. Offer for Sale
Company will not receive any proceeds from the Offer for Sale.

2. The Fresh Issue
The object of the fresh issue is to invest in Advanced Enzymes USA, the wholly owned subsidiary for repayment / pre-payment of certain loans availed by Advanced Enzymes USA; and general corporate purposes.

Issue Detail:

  »» Issue Open: Jul 20, 2016 – Jul 22, 2016
  »» Issue Type: Book Built Issue IPO
  »» Issue Size:
    › Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 50.00 Cr
    ›  Offer for Sale of 4,034,470 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »» Face Value: Rs 10 Per Equity Share
  »» Issue Price: Rs. 880 – Rs. 896 Per Equity Share
  »» Market Lot: 16 Shares
  »» Minimum Order Quantity: 16 Shares
  »» Listing At: BSE, NSE

L&T Infotech Ltd IPO (L&T Infotech IPO) Detail

Posted on by Hiren Kamani

lt infotech ipo

L&T infotech (Larsen & Toubro InfoTech) Incorporated in 1997, L&T infotech (Larsen & Toubro InfoTech), a subsidiary of Larsen & Toubro is one of the global IT solutions & services company based in Mumbai. L&T infotech (Larsen & Toubro InfoTech) offers their IT services in diverse industries such as banking and financial services, insurance, energy and process, consumer packaged goods, retail and pharmaceuticals, media and entertainment, hi-tech and consumer electronics and automotive and aerospace.

L&T infotech (Larsen & Toubro InfoTech) provides range of services includes application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions and platform-based solutions.

L&T infotech (Larsen & Toubro InfoTech) is amongst the top 20 IT service providers globally in 2015 according to the Everest Group's PEAK Matrix for IT service providers. Their clients comprise some of the world's largest and well-known organizations, including 43 of the Fortune Global 500 companies.

Company Promoters:

The promoters of the company are:

1. Larsen & Toubro Ltd

Objects of the Issue:

The objects of the offer are:

1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
2. To carry out the sale of up to 17,500,000 Equity Shares by the Selling Shareholder.

Issue Detail:

  »» Issue Open: Jul 11, 2016 – Jul 13, 2016
  »» Issue Type: Book Built Issue IPO
  »» Issue Size: [.] Equity Shares of Rs 1 aggregating up to Rs 1,400.00 Cr
  »» Face Value: Rs 1 per Equity Share
  »» Issue Price: Rs. 778 – Rs. 800 per Equity Share
  »» Market Lot: 18 Shares
  »» Minimum Order Quantity: 18 Shares
  »» Listing At: BSE, NSE

Note : Discount for Retail Investor is 10 RS.

Quess Corp Ltd IPO (Quess Corp IPO) Detail

Posted on by Hiren Kamani

Quess corp ipo

Quess Corp Incorporated in 2007, Quess Corp Limited (formerly known as IKYA HUMAN CAPITAL SOLUTIONS LIMITED), is integrated business services provider in India mainly focused on emerging as the preferred partner for handling end-to-end business functions of their clients. Quess Corp offers services across many sectors like IT and ITES staffing, managing facilities, F&B sector, skill development training, general staffing, HR solutions, engineering services, etc.

Quess Corp Headquarter is in Bangalore, the Company has pan-India presence with 47 offices across 26 cities, as well as operations in North America, the Middle East and South East Asia. Quess Corp serves over 1300+ customers across 4 segments namely, Global Technology Solutions, People & Services, Integrated Facility Management and Industrial Asset Management.

Company Promoters:

The promoters of the company are:

1. Ajit Isaac
2. Thomas Cook (India) Ltd ('TCIL')

Objects of the Issue:

The objects of the issue are:

1. Repayment of debt availed by the Company;
2. Funding capital expenditure requirements of the Company and their Subsidiary, MFX US;
3. Funding incremental working capital requirement;
4. Acquisitions and other strategic initiatives; and
5. General corporate purposes.

Issue Detail:

  »» Issue Open: Jun 29, 2016 – Jul 1, 2016
  »» Issue Type: Book Built Issue IPO
  »» Issue Size: [.] Equity Shares of Rs 10 aggregating up to Rs 400.00 Cr
  »» Face Value: Rs 10 per Equity Share
  »» Issue Price: Rs. 310 – Rs. 317 per Equity Share
  »» Market Lot: 45 Shares
  »» Minimum Order Quantity: 45 Shares
  »» Listing At: BSE, NSE