Listing Expectation note by Sonam Sinha,MBA in Finance,Delhi has been given in Page-bottom-box.Do study the same.
Grey Market Report:
As on 21 Janaury 2017 at 16.00ST
GMP INR 174 S2: INR 5000
For past trend in Grey market , see page bottom.
Subscription Report of 12 January 2018 at 17. IST
QIB offer: (1151875 shares) Subscribed : 101.9252 T
NII offer: (863800 shares) Subscribed : 958.0689 T
RII offer: (2109280 shares) Subscribed : 36.5685 T
Employess(20000 shares) Subscribed:16.0475 T
Total offer : (4144955 shares): Subscribed : 246.6693 Times
IPO Closes on 12 Janaury 2018
Finalisation of Allotment : 18 January 2018
Asba Unlocking : 18 January 2018
Transfer of Shares to Demat A/c:19 January 2018
Listing Expected on 22 January 2018
Short Note about the Company:
AM is an electronic, electro-mechanical, engineering designs, manufacturing and supplies company. AM designs, develops and sells high-performance, mission and time critical solutions to Defence, Space and Home Land Security for Ministry of Defence, government controlled public sector undertakings and private sectors. Its customised solutions are developed using common hardware and software technology IP’s which can be re-configured to suit the end application and domain requirements of end customer.
The Indian aerospace and defence market presents an attractive and significant opportunity to various industry stakeholders across the supply chain. India has one of the fastest-growing global defence markets and spends annually USD 40 billion (1.62% of GDP in FY17) on the sector. India is also one of the largest importers of conventional defence equipment and spends about 31.5% of its total defence budget on capital acquisitions. Defence expenditure is expected to continue to grow, primarily due to the country’s ageing military hardware and technology which is in dire need of replacing, and demands for defence against domestic insurgencies and hostility from neighboring countries.
The Competitive Strength of AM:
1)Proven track record in developing new technological systems and order execution
2)Recurring orders from existing programs
3) Strong R&D Capabilities
4) Qualified and experienced workforce and senior management
5)Improving its productivity and competitiveness
6)Leverage Build To Print opportunity
7)Expand its business and geographical footprint through selective acquisitions
8) Continue to grow its overall market share by leveraging our presence in existing business verticals
9) Business Diversification
Its manufacturing facility is located at Hyderabad.
Detailed note about the Industry and about the Company are given in Page-bottom-boxes.
The promoters :
Mr. Karunakar Reddy Baddam
Main object of the issue are:
1.To meet additional working capital requirement of the Company INR11,8.92 Cr.
2. General corporate purposes
IPO Opens on : 10 January 2018
IPO Closes on : 12 January 2018
Issue Type: Book Built Issue IPO
Issue Size: xxx shares ,aggregating to INR 156 Crores
Face Value: INR 10 per share
Price Band: Per Equity Share INR 270-275
Retail discount : INR 12 per share
Minimum Order Quantity: 50 shares
Listing will at: BSE,NSE
Shares offered to
QIB & Anchors: 50% INR 77.74Crores
NII : 15% INR.23.32 crores
RII : 35% INR 54.42 Crores
For the Fiscal 2017, Fiscal 2016, Fiscal 2015 Fiscal 2014 and Fiscal 2013, our total income, was INR 21,179.98 lacs, INR15,953.17 lacs, INR 10,876.83 lacs, INR 72,88.18 lacs and INR 3,745.81 lacs respectively and our profit after tax, was INR 1,857.11 lacs, INR1,000.05 lacs, INR744.76 lacs, ? 534.01 lacs and ? 295.95 lacs respectively. The Company’s Order“Book is INR 7,974.37 Lacs excluding GST, as of August 31, 2017
Total Income of 2016-17 Rs.
Net Profit of 2016-17 Rs.
Earnings per Share (EPS) Rs.
Equity Capital as on 31.3.2017
Equity Capital after the IPO: Rs.
Upper Price Band/last EPS:
Book Value of the Share as per last Balancesheet Rs.
Upper offer price/Book Value Ratio:
Aryaman financial Services ltd
Registrar to theIPO:
BigShare Services Private ltd
Phone of the Registrar:91 – 22 – 62638200
Registrered Office of the Company :
Plot No 128/A, Road No. 12, BEL Road, IDA Mallapur, Uppal Mandal, Hyderabad– 500 076, Telangana, India
Mr. Vitta Chaitanya Siva Shankar, Company Secretary and Compliance Officer
Grey Market Past Trend
As on 19Janaury 2017 at 11.00ST
GMP INR 170 S2: INR 5000
As on 18Janaury 2017 at 11.00ST
GMP INR 210/220
As on 17Janaury 2017 at 11.00ST
GMP INR 210/220 after touching INR 240
As on 13Janaury 2017 at 15.00 IST
GMP INR 210/220 : Kostak: NIL,Subject to INR 7000
As on 12 Janaury 2017 at 17.20 IST
GMP INR 215 !! : Kostak: NIL,Subject to INR 7000
As on 12 Janaury 2017 at 16.20 IST
GMP INR 200 !! : Kostak: NIL,Subject to INR 7000
As on 11 Janaury 2017 at 11.00 IST
GMP INR 170 !! : Kostak: NIL,Subject to INR 7000
As on 10 Janaury 2017 at 10.00 IST
GMP INR 153/158 !! : Kostak: NIL,Subject to INR 6000
As on 09 Janaury 2017 at 12.00 IST
GMP INR 156/160 !! : Kostak: NIL,Subject to INR 7000
As on 08 Janaury 2017 at 12.00 IST
GMP INR 149/ 153 !! : Kostak: NIL,Subject to INR 5500
As on 06 Janaury 2017 at 16.00 IST
GMP INR 138 !! : Kostak: NIL,Subject to INR 6000
On5th Janaury in the evening, GMP had declined to Rs127 and once again it is up to Rs. 137/138.
As on 05 Janaury 2017 at 11.00 IST
GMP INR 138 !! : Kostak: NIL,Subject to INR 6000
As on 04 Janaury 2017 at 16.30 IST
GMP INR 125 : Kostak: NIL,Subject to INR 4500
As on 04 Janaury 2017 at 12.30 IST
GMP INR 109/111 : Kostak: NIL,Subject to INR 4500
As on 03 Janaury 2017 at 20.00 IST
GMP INR 110 : Kostak: NIL,Subject to INR 4000