Incorporated in 1995, Ishan International Limited is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants and pollution control systems. The company also provides high-end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals and Pollution Control Systems.
The company is selling heavy engineering equipment in international markets on various overseas projects, particularly in the Philippines, Vietnam and Indonesia to esteemed clients like Busco Sugar Milling Co. Inc, Universal RRobina CorporationC Group, First Farmer Holding Corporation FFHC, Sonedco, Sunwest, Navetco-National Veterinary Joint Stock Company, Minh Dan Pharmaceutical Joint Stock Company, Thien Tan, Song Da Group, NCC, Kosy Group, Tra Linh, PBT PT. Purnama Bohler Technologi, GMMPT.
Ishan International Limited has set up overseas offices in the Philippines, Indonesia, Hanoi (Vietnam), Ho Chi Minh City (Vietnam) and Kenya (in the process). The company’s core strength Quality Management System in place under ISO 9001: 2015.
Ishan International Limited’s products include ESPs, Jaggery Plant and Equipment, Cane Crushing Equipment, Mill Cheeks, Gear Boxes, Rope Couplings, Ropeless Couplings, Square Couplings, Automation Equipment, Complete Rollers, Bare Shells, Hammers Tips, Shafts, Juice Rings, Fibrizer, AC Motor for 1500KW Mill Drive with Accessories, Grooving Tools, Tableting machines, Powder filling lines, Liquid filling lines, Lab equipment, Sterilizing tunnels, Washing machines, AHUs, Filters, Distillation units, Automatic High-Speed Labeling Machine, Tablet Dissolution Test Apparatus, Pure Steam Generator, among other.
Competitive Strengths :
- Strong brand presence in South-East Asia.
- Diversification in various sectors ensures steady revenue.
- A combination of experience and expertise.
- Sustainable and Strong Order Book.
- Focus on quality, cost efficiencies and timely implementation.
- High Customer Satisfaction.
- Well Established Supply and Logistic Chain.
- Strong Risk Management.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 1530.53 | 2708.4 | 39.62 | 452.77 | 319.06 |
| 31-Mar-20 | 1704.15 | 2272.56 | 28.42 | 481.19 | 347.48 |
| 31-Mar-21 | 1452.52 | 2271.2 | 15.05 | 496.25 | 362.54 |
| 31-Mar-22 | 2168.87 | 2174.31 | 127.15 | 619.71 | 126.93 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1) Funding the Proposed Joint Venture and/or Acquisition.
2) To meet the Working Capital requirements.
3) General Corporate Expenses.
Ishan International IPO Details
| Ishan International IPO Date | Sep 9, 2022 to Sep 14, 2022 |
| Ishan International IPO Face Value | ₹10 per share |
| Ishan International IPO Price | ₹80 per share |
| Ishan International IPO Lot Size | 1600 Shares |
| Issue Size | 2,280,000 shares of ₹10 (aggregating up to ₹18.24 Cr) |
| Fresh Issue | 2,280,000 shares of ₹10 (aggregating up to ₹18.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Shantanu Srivastava is the company promoter. |
Ishan International IPO Timeline (Tentative Timetable)
Ishan International IPO opens on Sep 9, 2022, and closes on Sep 14, 2022. The Ishan International IPO bid date is from Sep 9, 2022 10.00 A.M. to Sep 14, 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 |
|---|---|
| Ishan International IPO Opening Date | Sep 9, 2022 |
| Ishan International IPO Closing Date | Sep 14, 2022 |
| Basis of Allotment | Sep 19, 2022 |
| Initiation of Refunds | Sep 20, 2022 |
| Credit of Shares to Demat | Sep 21, 2022 |
| Ishan International IPO Listing Date | Sep 22, 2022 |
Ishan International IPO Lot Size
The Ishan International IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
Ishan International IPO Promoter Holding
| Pre Issue Share Holding | 99.61% |
| Post Issue Share Holding | 65.21% |
Ishan International IPO Review
For the last three fiscals, IIL’s top line remained static. Its super earnings for FY22 raise eyebrows and indicate some window dressings. The sustainability of such margins going forward remains a major concern. Based on its super FY22 performance, the issue is exorbitantly priced. There is no harm in skipping this pricy issue. Read detail review…
Ishan International IPO Prospectus
Company Contact Information
Ishan International Limited
607, Chiranjiv Tower,
Nehru Place, New Delhi
110019
Phone: +919315603745
Email: cs@ishangroup.co.in
Website: http://www.ishanglobal.com/
Ishan International IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: ishan.ipo@kfintech.com
Website: https://karisma.kfintech.com/