Janus Corporation Limited is a Mumbai based company with a diversified business model. It is engaged in land and site development, Civil Construction, fencing walls, landfilling, and erection of hoardings businesses.
| Bidding Dates |
|---|
| 27 Jan 2020 - 30 Jan 2020 |
| Subscription |
|---|
| 1.26x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,50,000 | 1 | 1 | 3000 | 1.6 M | ₹50 | 72.14 % | ₹80.0 M | RHP DOC |
Janus Corporation IPO SUBSCRIPTION STATUS
30 Jan '20Janus Corporation IPO overall subscription rate was 1.26 times the total available shares
Janus Corporation IPO retail subscription rate was 1.48 times in the retail segment
Janus Corporation IPO non-institutional investor subscription rate was 1.03 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
29 Jan 2020 (Day 3) | 1.03x | 0.91x | - |
30 Jan 2020 (Day 4) | 1.48x | 1.03x | - |
27 Jan 2020 (Day 1) | 0.07x | 0.72x | - |
28 Jan 2020 (Day 2) | 0.75x | 0.8x | - |
Janus Corporation 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) |
| 7MFY20 | 2.9 | 107.1 | 2.0 | 2.0 |
| FY19 | 4.8 | 171.2 | 15.9 | 3.4 |
| FY18 | 2.2 | 251.5 | 5.8 | 1.0 |
| FY17 | 4.3 | 128.2 | -1.0 | -1.9 |
Janus Corporation IPO SUBSCRIPTION STATUS DETAILS
Janus Corporation had 1.6 M shares on offer
Janus Corporation IPO offer price was ₹50
Janus Corporation IPO minimum Investment was ₹150000
Janus Corporation IPO issue size was ₹ 80.0 M
Janus Corporation had a minimum lot size of 3000 Shares per application
Janus Corporation NUMBER OF SHARES ON OFFER
Janus Corporation IPO IMPORTANT DATES
| Issue Open Date | 27 Jan 2020 |
| Issue close Date | 30 Jan 2020 |
| Allotment Date | 04 Feb 2020 |
| Refund Date | 05 Feb 2020 |
| Demat Account Credit Date | 06 Feb 2020 |
| Listing Date | 07 Feb 2020 |
| Listing on Exchange(s) | BSE |
| Janus Corporation Allotment Status | Exchange |
Janus Corporation IPO subscription opened on 27 Jan 2020, and closed on 30 Jan 2020
IPO allotment for Janus Corporation was finalized on Tuesday, 04 Feb 2020
IPO listing for Janus Corporation was on BSE on Friday, 07 Feb 2020
Janus Corporation IPO LISTING GAINS
| Issue Price (adjusted) | 21.4 |
| Listing Open Price | 50.7 |
| Listing Close Price | 48.5 |
| Listing Gain% | 1.4% |
| Current Gain% | -78.0% |
Janus Corporation INFORMATION ON IPO ISSUE
About Janus Corporation
Janus Corporation Limited is a Mumbai based company with a diversified business model. It is engaged in land and site development, Civil Construction, fencing walls, landfilling, and erection of hoardings businesses.
Object of the Issue
- Augmenting additional working capital requirements
- General Corporate Purposes
Janus Corporation - PROMOTERS
| Name |
|---|
| Lemon Management Consultancy Private Limited |
| Sachin B. Puri |
Janus Corporation Lead Manager to the Issue
First Overseas Capital Limited
mala@focl.in
Janus Corporation Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Janus Corporation Strengths
Diversified Business Model
The company is a diversified business company with Construction, Media, Consulting and Trading as primary segments based in Mumbai.
Financial resources
The Net Worth of the Company as on October 31, 2019, is Rs. 581.99 Lacs, and post issue net worth will be Rs. 1381.49 Lacs, which will allow the Company to bid for and undertake higher value projects
Quality
The company has always believed in the best quality in its services. The company is dedicated to quality of services and we adhere to quality standards as prescribed by its clients.
Janus Corporation Risks
Certain outstanding legal proceedings
There are certain outstanding legal proceeding against the company which may adversely affect its business, financial condition and results of operations.
Need to obtain and renew certain registrations, licenses and permits
Business requires to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect business operations.
IPO FAQs
Janus Corporation Ltd. IPO listing opened at Rs 50.70 while the issue price was Rs 50.00 giving 1.40% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 21.43 giving -77.97% gains since its IPO listing.
The promoters of the company are Lemon Management Consultancy Private Limited and Sachin B. Puri.
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 50.0 - 50.0.
The IPO application opens on Jan 27, 2020 and closes on Jan 30, 2020.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 150,000.0, the maximum value for this IPO is Rs 150,000.0.
This IPO will be allotted on Feb 04, 2020.
The refund will be credited to your account on Feb 05, 2020.
The allotted shares will be credited to your demat on Feb 06, 2020.
Janus Corporation Ltd.’s shares listed on the stock exchanges on Feb 07, 2020.