Ishan International IPO Details & Guidance

Ishan International IPO Listing Details
Listed on 22 September 2022 @ NSE SME
Issued at            Rs. 80
Listed at             Rs. 82
Intraday high of Rs. 86.10
Closed at            Rs. 82.80

Grey Market News for Ishan International IPO#
On 21 September 2022
Grey Market Premium:  Rs. –

Subscription Trend
On 14 September 2022 @ 5.00 pm
NII (50%) 1080,000 Shares: 1.60 T
RII (50%) 1080,000 Shares: 1.65 T
Tot 3160,000 Shares: 1.62 T

Ishan International IPO Details
IPO Date September 9, 22 to September 14, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 80 per share
IPO Lot Size 16000 Shares
Issue Size 2280,000 shares of Rs 10
(Aggregating up to Rs 18.24 Cr)
Fresh Issue 2280,000 shares of Rs 10
(Aggregating up to Rs 18.24 Cr)
Offer for Sale – shares of Rs 10
(Aggregating up to Rs – Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered 50% of the net offer
NII (HNI) Shares Offered 50% of the net offer

Retail Quota: 50 % / 1080000 Shares
Minimum 1600 Rs 128,000
Maximum 1600 Rs 128,000
Retail: 675 Applications required for onetime subscriptions.

Ishan International IPO Timetable 
IPO Opening Date: September 9, 2022
IPO Closing Date: September 14, 2022
Basis of Allotment: Sept 19, 2022
Initiation of Refunds: Sept 20, 2022
Credit of Shares to Demat : Sept 21, 2022
IPO Listing Date: Sept 22, 2022

Ishan International Business:

Ishan International is an ISO 9001: 2015 certified Company, GoI certified Star Export House and a diversified heavy engineering company with an history of 26+ years of experience in selling heavy engineering equipment in international markets. It 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, hydro power plants and pollution control systems. It also provides high end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals, Pollution Control Systems. It provides customized heavy equipment’s including _the entire range of machinery for sugar, jaggery, pharmaceuticals, hydro power and pollution control.

Established in 1995, its initial business was of pharmaceutical machinery and raw materials for pharmaceuticals ingredients and the company later diversified into heavy engineering. Its business is largely focused in international markets. In 1999, it established its 1st overseas office in Vietnam. Between 1999 and 2021, it has set up our overseas offices in Philippines, Indonesia, Hanoi (Vietnam), Ho Chi Minh City (Vietnam) and Kenya (in process). Its core strength Quality Management System in place under ISO 9001 : 2015.Since 2004, it has leveraged its track record internationally by providing a wide range of heavy engineering machineries on various overseas projects.

For more information about the company, Click www.ishanglobal.com

Promoters of Ishan International
MR. SHANTANU SRIVASTAVA

Ishan International: Objects of the IPO
1) Funding the Proposed Joint Venture and/or Acquisition
2) To meet the Working Capital requirements

Registered office of Ishan International 
607, Chiranjiv Tower, Nehru Place, New Delhi – 110019, India
Company Secretary and Compliance Officer: Ms. Khushboo Soumik Shah

Lead Manager of Ishan International IPO
First Overseas Capital

SME IPO Financial & Analytical Ratios#
Total Income 2020-21 Rs. 22.71 Cr
Total Income 2021-22 Rs. 17.52 Cr (10M)
Net Profit 2020-21 Rs. 0.15 Cr
Net Profit 2021-22 Rs. 1.21 Cr (10M)
Earnings per Share 2020-21 Rs 1.13
Earnings per Share 2021-22 Rs 2.46 (10M)
Return on Net Worth: 20-21: 3 %
Return on Net Worth: 21-22: 20 % (10M)
Book Value of the Share as on 31.1.22 Rs 12.58
NAV after the IPO Rs. 34.14
Offer Price Rs. 80

IPO Peer Comparison:
Huhtmaki PPL N.A.
Mold-tek Packaging @ PE Multiple of 38.69
Essel Propack @ PE Multiple of 25.31

Observation by Paresh Gordhandas (Research Analyst)

Will update soon.

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