April 26, 2023
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Survival Technologies IPO Analysis @ Chanakyanipothi.com, the Oldest & the most Trusted Investment website in India. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
Sebi nod to the IPO
The IPO of the company is expected soon. The Sebi has given nod to the IPO documents on 10 April 2023. The DRHP was filed on 30 December 2022. The IPO consists of fresh issue of shares and offer for sale.
Who are the promoters of Survival Technologies IPO?
VIJAYKUMAR RAGHUNANDANPRASAD AGRAWAL & NIMAI VIJAY AGRAWAL
Survival Technologies: Company Details
Survival Technologies is a contract research and manufacturing services focused speciality chemical manufacturer in India.It is one of the leading CRAMS companies in India in terms of manufacturing
of select chemical products as of March 31, 2022. It is engaged in the supply of specialty chemicals with multiple applications and many products it sells domestically are import substitutes that were formerly imported from China. It is one of the few speciality chemical manufacturers in India manufacturing select products from the heterocyclic and fluoro organic product groups for sale in India and globally. It engages with customers across their product lifecycles, i.e., providing extensive in-house research for development of products, commercial scale process development, and manufacture of commercial quantities of products. Between April 1, 2007 and March 31, 2022, it synthesized 677
products of which over 500 products have been commercially produced and sold to various customers across its export markets.
Its in-house capabilities towards developing complex chemistries have enabled us to develop
a unique product portfolio which includes niche product groups such as heterocyclic and fluoro organic compounds, where it is the sole company in India making products such as 2-pyridyl tribromomethyl sulfone, 4-bromo benzene sulfonyl chloride, 5-bromo-2, 4-dichloro pyrimidine, cyclam and tempo on a commercial scale. It is also one of 12 manufacturers globally and the largest domestic producer of ethyl–3–dimethylaminopropyl carbodiimide and the only manufacturer globally of alpha tetralol.
We undertake CRAMS for various international and domestic companies.
For more information, click http://www.survivaltechnologies.in
What are the Objects of the Survival Technology IPO?
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
1. Investment in Texol by way of a loan for financing the repayment/pre-payment of a loan facility availed by Texol from the Bank of Baroda
2. Capital expenditure through purchase of equipment and civil work required for (i) expansion in capacity of automotive oil at its Silvassa Plant; (ii) expansion in capacity of petroleum jelly and accompanying cosmetic product division at its Taloja Plant; and (iii) expansion in capacity of white oils by installing blending tanks at its Taloja Plant
3. Funding working capital requirements of the Company
| Survival Technologies IPO Details | |
| IPO opens on | (?) ,2023 |
| IPO closes on | (?) ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | (?) Sh /Rs 1000 Cr |
| * Fresh Issue | Rs. 200Cr |
| * Offer for Sale | (?) Sh /Rs 800 Cr |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. (?) |
| Employee discount | Rs. (?) per share |
| Retail Lot Size | (?) Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. |
| QIB (? %) | – | Rs (?) Cr |
| NII (? %) | – | Rs (?) Cr |
| RII (? %) | – | Rs (?) Cr |
| Employees | – | Rs (?) Cr |
| Total Shares | – | |
| Retail portion will be oversubscribed by | – Forms | |
| How much Shares to Apply? | ||
| Min Retail Application | – Shares | Rs. – |
| Max Retail Application | – shares | Rs. – |
| Small HNI (Min) application | – Shares | Rs. – |
| Small HNI (Max) application | – shares | Rs. – |
| Big HNI Application | – shares | Rs. – |
| Survival Technologies IPO Tentative timetable | |
| IPO opens on. | ,2023 |
| IPO Closes on | ? ,2023 |
| IPO Allotment on | ? ,2023 |
| Unblocking of ASBA | ? ,2023 |
| Credit of Shares | ? ,2023 |
| Listing on | ? ,2023 |
| Registered Office of Survival Technologies | |
| 1401-A, Naman Midtown, 14th Floor, Senapati Bapat Marg, Elphinstone Road, Prabhadevi West, Mumbai – 400 013 Maharashtra, India | |
| IPO Lead Managers JM Financial Limited, ICICI Securities ltd |
|
| Registrar to IPO | |
| Link Intime India Private Limited |
| Survival Technologies IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 200.19 | 19.05 | 2.21 | 19.79 |
| 2020-21 | 284.35 | 56.32 | 6.53 | 36.95 |
| 2021-22 | 321.67 | 73.46 | 8.52 | 32.60 |
| Book Value of the Share on | 31.03.2022 | Rs.26.12 | ||
| Book Value of the Share | after the IPO | Rs. | ||
| Offer Price | Rs. – | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | – |
| Upper offer price/Book Value Ratio | – |
| Upper offer price/BV after IPO Ratio | – |
Survival Technologies Peer Comparison
| As on date of DRHP | Total Income Rs. | Face | PE |
| Income | Value | Ratio of | |
| Rs. In Cr | Rs | ||
| The IPO Company | 321.67 | 2 | (?) |
| Navin Fluorine | 2 | 77.94 | |
| Alkyl Amines Chemical | 2 | 61.28 | |
| Aether Industries | 10 | 86.46 | |
| Neogen Chemicals | 10 | 65.82 | |
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