ANMOL INDIA LTD IPO OPENS ON BSE SME Exchange
Ludhiana based Anmol India Limited (“Anmol”), engaged in the business of energy solutions and supplying High GCV USA Coal, Indonesian coal, Petroleum coke among others, has launched its maiden initial public issue (IPO) on BSE SME Platform on 12 February 2019. The Company is making a Fresh Issue of 31,00,000 Equity Shares of face value of Rs 10/- each for cash at a price of INR 33/- per equity share aggregating to INR 102.3 million. The proceeds from IPO will be utilized to part finance working capital requirements of the Company; meet General corporate purposes and the expenses of the Issue. The Issue will close on 14 February 2019.
Share India Capital Services Private Limited is the lead manger to the issue and Bigshare Services Private Limited is the registrar to the public offer.
Company’s Managing Director Mr Vijay Kumar said “Since inception in 1998, Anmol India has made itself a trusted brand among clients located in over 100 different locations in India. Initially serving only brick kiln industry and Coal traders, today the Company caters to the demand of over a dozen different types of industries and trades both in Coal and Pet Coke”
Lead Manager to the issue Mr Abhinav Gupta, President, Share India Capital Service said “Anmol India Ltd is our 1st IPO mandate as a merchant banker. The Company has quality fundamentals and high potential for accelerated growth. We expect the issue to attract quality investors as the Company has performed extremely well over the years and specially in the last few fiscals"
"Anmol India is able to deliver such a robust return on capital due to - superior asset liability management, better inventory management, higher turnover due to improved demand outlook and lower turnaround time. The high growth in top line, specifically in FY18-19 shows strong market potential and the Company’s focus on corporate sector, penetration of in-house app "Anmol Coal" and better business environment. As the company is gaining in size and strength and is able to attract corporate customers which demand on-time product delivery and provide demand visibility. This helps company bargain better rate from source and is able to service retail clients directly which provides better margins” Mr Gupta added.
The Company’s total revenue for the fiscal 2016, 2017, 2018 and H1FY19 ended 30, September 2018, stood at INR 1898.09 million, INR 1864.95 million, INE 2992.42 million and INR 2630.64 million respectively. The net profit for these periods stood at INR 8.26 million, INR 10.88 million, INR 26.23 million and INR 17.18 million, respectively.