Incorporated in 2020, EP Biocomposites Limited is the manufacturer and supplier of fibre reinforced polymers (FRP) products such as door shutters, frames, Biodigestor Tanks, Bio toilets and allied products for construction and Industrial applications which meets customer requirements. The Company got into the high potential sector of wastewater recycling in 2021.
The company focus on giving sanitation solutions to those who do not have access to toilets, as well as to those who have toilets but face trouble treating and managing the waste through septic tanks. The company also provide sanitation infrastructure and human waste management solutions and services, involving innovative and simple bio-digester technology licensed from the Defence Research and Development Organisation (DRDO) and Industry Interface and Technology Management, operating under the aegis of DRDO, Ministry of Defence, Government of India.
EP Biocomposites Limited has supplied more than 2,00,000 doors, thereby saving thousands of trees and has supplied more than 2,500 Bio toilets to households, helping in the reduction of open defecation thereby contributing to clean and green surroundings.
The revenue from operations was Rs 805.96, Rs 294.80 lakhs and Rs 56.81 lakhs for Fiscal 2022, 2021 and 2020 respectively.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 55.16 | 56.83 | 3.15 | 2.85 | -2.15 |
| 31-Mar-21 | 132.38 | 295.23 | 35.8 | 38.65 | 33.65 |
| 31-Mar-22 | 927.69 | 807.55 | 80.94 | 199.84 | 82.09 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Objects of the Net Proceeds from Fresh Issue is to raise funds for :
a) Long-term lease deposit for Manufacturing Facility Part Repayment of Loan.
b) Funding Working Capital Requirement.
c) General Corporate Purpose.
EP Biocomposites IPO Details
| EP Biocomposites IPO Date | Aug 29, 2022 to Sep 5, 2022 |
| EP Biocomposites IPO Face Value | ₹10 per share |
| EP Biocomposites IPO Price | ₹126 per share |
| EP Biocomposites IPO Lot Size | 1000 Shares |
| Issue Size | 504,000 shares of ₹10 (aggregating up to ₹6.35 Cr) |
| Fresh Issue | 504,000 shares of ₹10 (aggregating up to ₹6.35 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Leena Kamat and Rajkumar Kamat are the company promoters. |
EP Biocomposites IPO Timeline
EP Biocomposites IPO opens on Aug 29, 2022, and closes on Sep 5, 2022. The EP Biocomposites IPO bid date is from Aug 29, 2022 10.00 A.M. to Sep 5, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| EP Biocomposites IPO Opening Date | Aug 29, 2022 |
| EP Biocomposites IPO Closing Date | Sep 5, 2022 |
| Basis of Allotment | Sep 8, 2022 |
| Initiation of Refunds | Sep 9, 2022 |
| Credit of Shares to Demat | Sep 12, 2022 |
| EP Biocomposites IPO Listing Date | Sep 13, 2022 |
EP Biocomposites IPO Lot Size
The EP Biocomposites IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹126,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹126,000 |
| Retail (Max) | 1 | 1000 | ₹126,000 |
EP Biocomposites IPO Promoter Holding
| Pre Issue Share Holding | 98.97% |
| Post Issue Share Holding | 69.40% |
EP Biocomposites IPO Review
Though the company has posted steady growth in its top and bottom lines, its tiny post-IPO paid-up equity capital indicates longer gestation for migration to the mainboard. Based on FY22 earnings, its IPO is priced aggressively. This pricy issue may be skipped. Read detail review…
EP Biocomposites IPO Prospectus
Company Contact Information
EP Biocomposites Limited
C/o OM Ventures,
Shed No D-2/12, Bicholim Industrial Estate,
Bicholim, Goa – 403504
Phone: +91-832-2431081
Email: info@epkamatgroup.com
Website: http://www.epbiocomposites.com/
EP Biocomposites IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com