EP Biocomposites was incorporated on January 17, 2020. The company is into manufacturing and supply of fibre reinforced polymers (FRP) products such as door shutters, frames, biodigester tanks, bio toilets, and allied products for construction and Industrial applications that meet customer requirements.
| Bidding Dates |
|---|
| 29 Aug 2022 - 05 Sep 2022 |
| Subscription |
|---|
| 18.51x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,000 | 1 | 1 | 1000 | 504.0 K | ₹126 | 70.03 % | ₹63.5 M | RHP DOC |
EP Biocomposites IPO SUBSCRIPTION STATUS
05 Sep '22EP Biocomposites IPO overall subscription rate was 18.51 times the total available shares
EP Biocomposites IPO retail subscription rate was 15.44 times in the retail segment
EP Biocomposites IPO non-institutional investor subscription rate was 21.58 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
05 Sep 2022 (Day 5) | 15.44x | 21.58x | - |
02 Sep 2022 (Day 4) | 5.23x | 0.84x | - |
01 Sep 2022 (Day 3) | 3.65x | 0.66x | - |
30 Aug 2022 (Day 2) | 2.11x | 0.55x | - |
29 Aug 2022 (Day 1) | 0.94x | 0.5x | - |
EP Biocomposites FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY22 | 8.1 | 80.6 | -42.9 | -47.7 |
| FY21 | 3.6 | 29.5 | 0.3 | 0.3 |
| FY20 | 0.3 | 5.7 | 1.2 | 1.2 |
EP Biocomposites IPO SUBSCRIPTION STATUS DETAILS
EP Biocomposites had 504.0 K shares on offer
EP Biocomposites IPO offer price was ₹126
EP Biocomposites IPO minimum Investment was ₹126000
EP Biocomposites IPO issue size was ₹ 63.5 M
EP Biocomposites had a minimum lot size of 1000 Shares per application
EP Biocomposites NUMBER OF SHARES ON OFFER
EP Biocomposites IPO IMPORTANT DATES
| Issue Open Date | 29 Aug 2022 |
| Issue close Date | 05 Sep 2022 |
| Allotment Date | 08 Sep 2022 |
| Refund Date | 09 Sep 2022 |
| Demat Account Credit Date | 12 Sep 2022 |
| Listing Date | 13 Sep 2022 |
| Listing on Exchange(s) | BSE |
| EP Biocomposites Allotment Status | Exchange |
EP Biocomposites IPO subscription opened on 29 Aug 2022, and closed on 05 Sep 2022
IPO allotment for EP Biocomposites was finalized on Thursday, 08 Sep 2022
IPO listing for EP Biocomposites was on BSE on Tuesday, 13 Sep 2022
EP Biocomposites IPO LISTING GAINS
| Issue Price (adjusted) | 126.0 |
| Listing Open Price | 160.3 |
| Listing Close Price | 168.3 |
| Listing Gain% | 27.2% |
| Current Gain% | -25.0% |
EP Biocomposites Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EP Biocomposites Ltd. | 94.6 | 15.9 | 10.9 | 0.3 | 1.2 | 12.1 | 7.8 | 13.8 | 13.8 | 1.5 | 41.5 | 8.7 | 41.5 |
| EMS Ltd. | 398.8 | 2214.8 | 24.5 | -0.5 | 3 | 8.6 | 6.8 | 745 | -24.1 | 90.5 | -50.7 | 16.3 | -50.8 |
| Antony Waste Handling Cell Ltd. | 417.4 | 1184.5 | 20.3 | -0.6 | 1.1 | 10.2 | 4.3 | 1084.1 | 13.1 | 75.4 | -11.6 | 20.6 | -31.8 |
| Eco Recycling Ltd. | 483.1 | 932.2 | 38.8 | 7.4 | 16.9 | 20.9 | 17.2 | 52.8 | 14.1 | 23.1 | -64.9 | 12.4 | 5.2 |
| Concord Enviro Systems Ltd. | 275.6 | 570.4 | 39.1 | -0.5 | 1 | 3.4 | 2.1 | 585.7 | -2.3 | 19.8 | -61.6 | 7 | -71.7 |
| Hi-Green Carbon Ltd. | 139.4 | 348.5 | 101.6 | 3.8 | 2 | 141.3 | 43 | 3.4 | -69.2 | 1.4 |
EP Biocomposites INFORMATION ON IPO ISSUE
About EP Biocomposites
EP Biocomposites was incorporated on January 17, 2020. The company is into manufacturing and supply of fibre reinforced polymers (FRP) products such as door shutters, frames, biodigester tanks, bio toilets, and allied products for construction and Industrial applications that meet customer requirements.
Object of the Issue
- Long-term lease deposit for manufacturing facility part repayment of loan
- Funding working capital requirement
- General corporate purpose
EP Biocomposites - PROMOTERS
| Name |
|---|
| Leena Kamat |
| Rajkumar Kamat |
EP Biocomposites Lead Manager To The Issue
Aryaman Financial Services
ipo@afsl.co.in
EP Biocomposites Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.comWebsite
EP Biocomposites Strengths
Partnerships with industry and non-governmental players
DRDO, the inventor of the technology, is a technology partner, and NGOs and non-profit organizations are also partners in installing household and community toilets and creating awareness.
Technology
The company utilises sandwich technology from TIFAC for FRP Doors and unique DRDO Biodigester technology for bio-toilets to offer greener products for Swachh Bharat Mission.
Product portfolio
The company has varied product segments and a wide range of products and services.
Consistent and standardised product quality
The company has received ISO Certification from Paramount Quality Certifications and was found to be in accordance with the requirements of ISO 9001:2015 in regards to manufacturing and supply of fibre reinforced polymer (FRP) products such as door shutters, frames, Biodigester tanks, bio-toilets, and allied products for construction and industrial applications.
EP Biocomposites Risks
Dependent on License
Some of the services provided are license based. Any failure to successfully retain the license would have a material adverse effect.
Dependent on few clients
The company's substantial portion of the revenue has been dependent upon a few clients
Negative cash flow
The company has reported certain negative cash flows from its operating activity, investing activity, and financing activity.
IPO FAQs
The promoters of the company are Leena Kamat and Rajkumar Kamat.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 126.0 - 126.0.
The IPO application opens on Aug 29, 2022 and closes on Sep 05, 2022.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 126,000.0, the maximum value for this IPO is Rs 126,000.0.
This IPO will be allotted on Sep 08, 2022.
The refund will be credited to your account on Sep 09, 2022.
The allotted shares will be credited to your demat on Sep 12, 2022.
EP Biocomposites Ltd.’s shares listed on the stock exchanges on Sep 13, 2022.