Ishan International was incorporated on May 29, 1995. It is an ISO 9001: 2015 certified company, GoI certified Star Export House, and a diversified heavy engineering company with a history of 26+ years of experience in selling heavy engineering equipment in international markets.
| Bidding Dates |
|---|
| 09 Sep 2022 - 14 Sep 2022 |
| Subscription |
|---|
| 1.62x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 1600 | 2.3 M | ₹80 | 68.37 % | ₹182.4 M | RHP DOC |
Ishan International IPO SUBSCRIPTION STATUS
14 Sep '22Ishan International IPO overall subscription rate was 1.62 times the total available shares
Ishan International IPO retail subscription rate was 1.65 times in the retail segment
Ishan International IPO non-institutional investor subscription rate was 1.6 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
14 Sep 2022 (Day 4) | 1.65x | 1.6x | - |
13 Sep 2022 (Day 3) | 0.83x | 0.17x | - |
12 Sep 2022 (Day 2) | 0.51x | 0.04x | - |
09 Sep 2022 (Day 1) | 0.16x | 0x | - |
Ishan International 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 | 12.7 | 211.2 | 11.2 | -3.8 |
| FY21 | 1.5 | 222.1 | -2.3 | -2.3 |
| FY20 | 2.8 | 219.1 | -3.2 | -3.8 |
Ishan International IPO SUBSCRIPTION STATUS DETAILS
Ishan International had 2.3 M shares on offer
Ishan International IPO offer price was ₹80
Ishan International IPO minimum Investment was ₹128000
Ishan International IPO issue size was ₹ 182.4 M
Ishan International had a minimum lot size of 1600 Shares per application
Ishan International NUMBER OF SHARES ON OFFER
Ishan International IPO IMPORTANT DATES
| Issue Open Date | 09 Sep 2022 |
| Issue close Date | 14 Sep 2022 |
| Allotment Date | 19 Sep 2022 |
| Refund Date | 20 Sep 2022 |
| Demat Account Credit Date | 21 Sep 2022 |
| Listing Date | 22 Sep 2022 |
| Listing on Exchange(s) | NSE |
| Ishan International Allotment Status | Exchange |
Ishan International IPO subscription opened on 09 Sep 2022, and closed on 14 Sep 2022
IPO allotment for Ishan International was finalized on Monday, 19 Sep 2022
IPO listing for Ishan International was on NSE on Thursday, 22 Sep 2022
Ishan International IPO LISTING GAINS
| Issue Price (adjusted) | 2.7 |
| Listing Open Price | 82.0 |
| Listing Close Price | 82.8 |
| Listing Gain% | 2.5% |
| Current Gain% | -83.2% |
Ishan International 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ishan International Ltd. | 0.4 | 0.3 | 24.4 | -0.3 | 0 | 1.7 | 1.2 | 27.7 | -62.3 | 0.4 | 85.3 | 0 | -93.8 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Ishan International INFORMATION ON IPO ISSUE
About Ishan International
Ishan International was incorporated on May 29, 1995. It is an ISO 9001: 2015 certified company, GoI certified Star Export House, and a diversified heavy engineering company with a history of 26+ years of experience in selling heavy engineering equipment in international markets.
Object of the Issue
- Funding the proposed joint venture and/or acquisition.
- To meet the working capital requirements
- General corporate expenses
Ishan International - PROMOTERS
| Name |
|---|
| Shantanu Srivastava |
Ishan International Lead Manager To The Issue
First Overseas Capital Limited
satish@focl.in
Ishan International Registrar to the issue
Kfin Technologies Private Limited
ishan.ipo@kfintech.com
Ishan International Strengths
Strong brand presence in South-East Asia
Ishan has a very strong name that has emerged as one of the leading players in the sugar industry, hydropower, pharmaceutical industry and pollution control segments in several ASEAN countries
Diversification
The company's diversification in various sectors ensures a steady revenue
Sustainable and strong order book
As of January 31, 2022, Ishan had an order book worth nearly Rs 30 crore on a standalone basis executable roughly in 6 months, which enlightens the revenue growth visibility
A combination of experience and expertise
The board and key managerial team comprises engineers and management experts with decades of experience in their chosen fields
Ishan International Risks
Outstanding proceedings
There are certain outstanding proceedings filed against the company that may adversely affect business, financial condition, and results of operations
Dependent on third party
The company is dependent upon third parties, including manufacturers, custom house agents, and suppliers, for all exports and delivery of goods
Competition
Strong competition could decrease the market share
IPO FAQs
Ishan International Ltd. IPO listing opened at Rs 82.00 while the issue price was Rs 80.00 giving 2.50% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 2.67 giving -83.15% gains since its IPO listing.
The promoter of the company is Shantanu Srivastava.
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 80.0 - 80.0.
The IPO application opens on Sep 09, 2022 and closes on Sep 14, 2022.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 128,000.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on Sep 19, 2022.
The refund will be credited to your account on Sep 20, 2022.
The allotted shares will be credited to your demat on Sep 21, 2022.
Ishan International Ltd.’s shares listed on the stock exchanges on Sep 22, 2022.