Ahmedabad headquartered. John Energy, has filed draft papers with Sebi to raise an estimated Rs350 crore through an IPO
The IPO comprises fresh issuance of shares worth Rs218 crore and an offer-for-sale of up to 16,77,744 scrips by the existing shareholders, including IL&FS Financial Services and India Rig Company, the draft red herring prospectus filed with Sebi showed.
Proceeds of the issue will be utilised towards repayment of certain borrowing availed by the company and for other general corporate purposes.
According to the merchant banking officials, the IPO is expected to fetch about Rs350 crore.
Established in 1987, John Energy is a leading Indian company catering to the upstream and mid stream oil and gas industry.Detailed notes about the Oil & Gas field services business and about this company are given at the bottom of this Page.You should study the same
Rakesh Jhunjhunwala has 18.21% stake in the company, while ICICI Bank owns 4.47% holding in the firm.
a) For the Fiscals, 2015, 2016 and 2017, its restated consolidated total income was INR 5,148.00 million, INR 5,651.05 million and INR 5,817.29 million, respectively, growing at a CAGR of 6.30% between Fiscal 2015 and 2017.
b) On a consolidated basis, its EBITDA for Fiscals 2015, 2016 and 2017 was INR 1,507.51 million, INR 1,852.54 million and INR 2,138.78 million, respectively.
c) Its restated consolidated profit after tax was INR 336.30 million, INR 290.53 million and INR 713.56 million Fiscals, 2015, 2016 and 2017, respectively, growing at a CAGR of 45.66% between Fiscal 2015 and 2017.Its restated consolidated total income for the six months period ended September 30, 2017 was INR 2,311.99 million. On a consolidated basis, its restated consolidated EBITDA for the six months period ended September 30, 2017 was INR 729.79 million. Its consolidated restated profit after tax for the six months period ended
September 30, 2017 was INR 163.31 million.
Consolidated EPS for 2016-17 INR 39.46
Consolidated RONW : 12.04 %
NAV as on 30 Sept 2017 INR 327.58
Listing proposed at : BSE,NSE,
Lead Managers:IDFC and Keynote Corporate Service