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Add-Shop Promotions IPO is a fixed price issue of Rs 6.23 crores.
Add-Shop Promotions IPO bidding started from August 21, 2018 and ended on August 30, 2018. The allotment for Add-Shop Promotions IPO was finalized on Wednesday, September 5, 2018. The shares got listed on BSE SME on September 10, 2018.
Add-Shop Promotions IPO price is ₹26 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹104,000.
Fedex SecuritiesPvt Ltd is the book running lead manager of the Add-Shop Promotions IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Add-Shop Promotions IPO RHP for detailed information.
IPO Date | August 21, 2018 to August 30, 2018 |
Listing Date | September 10, 2018 |
Face Value | ₹10 per share |
Price | ₹26 per share |
Lot Size | 4000 Shares |
Total Issue Size | 2,396,000 shares (aggregating up to ₹6.23 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 4,078,125 |
Share holding post issue | 6,474,125 |
Market Maker portion | 132,000 shares |
Add-Shop Promotions IPO offers 2,396,000 shares. 1,132,000 (47.25%) to NII, 1,132,000 (47.25%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 132,000 (5.51%) |
Other Shares Offered | 1,132,000 (47.25%) |
Retail Shares Offered | 1,132,000 (47.25%) |
Total Shares Offered | 2,396,000 (100%) |
Add-Shop Promotions IPO opens on August 21, 2018, and closes on August 30, 2018.
IPO Open Date | Tuesday, August 21, 2018 |
IPO Close Date | Thursday, August 30, 2018 |
Basis of Allotment | Wednesday, September 5, 2018 |
Initiation of Refunds | Thursday, September 6, 2018 |
Credit of Shares to Demat | Friday, September 7, 2018 |
Listing Date | Monday, September 10, 2018 |
Cut-off time for UPI mandate confirmation | 5 PM on August 30, 2018 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 4000 | ₹104,000 |
Retail (Max) | 1 | 4000 | ₹104,000 |
Lot Size Calculator |
Incorporated in 2013, Gujarat based Add-Shop Promotions Limited is a company engaged in the business of marketing and distribution of ayurvedic, food supplements, agricultural products, animal feed supplement and personal care products under the brand name "Add-Shop Promotions".
The company supplies products manufactured by select manufacturers under its brand to retailers and wholesalers. It procures the finished products from certified manufacturers and markets it through various intermediaries and sales agents.
Add-shop has tied up with Marss Herbal (India), a manufacturer of herbal and natural use products. The company supplies the manufactured products under "ADD-Shop" brand.
To penetrate major markets, Add-shop has entered into an agreement with various collecting and forwarding agents (C&F's) like Panchlingeshwara Enterprises, in Karnataka., Just Need United Trading, Maharashtra, and Good Life Enterprises Telangana.
The Company's total revenue as restated for the three months ended June 2018 and for the Financial year 2018, 2017 and 2016 was Rs.381.41 lakhs, Rs.1254.90 lakhs, Rs. 455.41 lakhs and Rs.192.67 lakhs, respectively.
The profit/loss after tax as restated for the three months ended June 2018 and Financial Year 2018, 2017 and 2016 was Rs. 16.37 lakhs, Rs. 22.96 lakhs, 14.69 lakhs, and Rs. (0.38) lakhs, respectively.
The company has 16 permanent employees on its payroll.
Particulars | For the year/period ended (in Rs. Lakhs) | |||||
---|---|---|---|---|---|---|
31-June-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
Total Assets | 806.69 | 757.72 | 83.85 | 41.58 | 1.00 | 1.00 |
Total Revenue | 384.41 | 1,254.90 | 455.41 | 192.67 | -- | -- |
Profit After Tax | 16.37 | 22.96 | 14.69 | (0.38) | -- | -- |
The objects of the issue are-
1. Setting up of an herbal & ayurvedic processing unit for manufacturing of cosmetic & non-cosmetic products
2. Brand Building and Advertisement
3. Working Capital Requirements
4. General Corporate Purposes
[Dilip Davda]
Although company has shown progress in top and bottom lines, sudden jump in FY18 working is a bit surprising. Sustainability of the same going forward raises concern. Post issue equity jumps by nearly 647 times. Issue pricing is very aggressive. There is no harm in giving this issue a miss.
Read detail review...The Add-Shop Promotions IPO is subscribed 1.31 times on August 30, 2018 6:30:00 PM. The public issue subscribed 0.98 times in the retail category, times in the QIB category, and 1.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | 1.64 |
Retail | 0.98 |
Total | 1.31 |
Listing Date | September 10, 2018 |
BSE Script Code | 541865 |
NSE Symbol | |
ISIN | INE01B501018 |
Final Issue Price | ₹26 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹26.00 |
₹28.20 |
₹28.05 |
₹29.00 |
₹28.70 |
Add-Shop Promotions Limited
B-304 Imperial Height
150ft Ring Road
Rajkot, Gujarat, India
Phone: 0281-2580499
Email: investor@addshop.co
Website: http://www.addshop.co/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
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Add-Shop Promotions IPO is a SME IPO of 2,396,000 equity shares of the face value of ₹10 aggregating up to ₹6.23 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000 Shares.
The IPO opens on August 21, 2018, and closes on August 30, 2018.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Add-Shop Promotions IPO opens on August 21, 2018 and closes on August 30, 2018.
Add-Shop Promotions IPO lot size is 4000 Shares, and the minimum amount required is ₹104,000.
You can apply in Add-Shop Promotions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Add-Shop Promotions IPO will be done on Wednesday, September 5, 2018, and the allotted shares will be credited to your demat account by Friday, September 7, 2018. Check the Add-Shop Promotions IPO allotment status.
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