Ishan International Limited IPO Details

The company provides top-end engineering services and solutions to various types of activities in hydropower, sugar & jaggery, pharmaceuticals, and pollution control systems. The company markets heavy machinery equipment internationally on different projects abroad, especially in the Philippines, Vietnam, and Indonesia, for esteemed clients such as 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. Ishan International Limited has established foreign offices in Philippines, Indonesia, Hanoi (Vietnam), Ho Chi Minh City (Vietnam) and Kenya (in-process). 

The Companys underlying quality management system is certified to ISO 9001: 2015. Ishan International Limiteds products include E.P.S., Jaggery Plant and Equipment, Cane Crushing Equipment, Mill Cheeks, Gear Boxes, Rope Couplings, Ropeless Couplings, Square Couplings, Automation Equipment, Complete Rollers, Bare Shells, Hammer Tips, Shafts, Juice Rings, Fibrizers, AC Motor for 1500 KW Mill Drive with accessories, Grooving Tools, Tableting Machines, Powder Filling Lines, Liquid Filling Lines, Laboratory Equipment, Sterilization Tunnels, Washing Machines, AHUs, Filters, Filters, Distillation Units, Filters, Filters, Filters, Pure Steam Generators, Among others. Ishan International Limited is committed to raising Rs. 

Unlike most of the SME IPOs that are pouring out these days, this one is coming from a 26-year-old company that has been in unchallenged domination in South-East Asias engineering infrastructure markets, with foreign offices in Philippines, Indonesia, Hanoi (Vietnam), Ho Chi Minh City (Vietnam) and Kenya (in process). Having undisputed dominance with an 80 percent market share in such developed countries means easier access to massive funds and infinite business opportunities in engineering infrastructure. Understanding the scenario in a business perspective, India provides highest-quality engineering solutions at lowest rates anywhere in the world. 

For past 20 years, Ishan International Ltd. has been taking those engineering solutions from India and selling it in those developing countries in Southeast Asia, with the help of trained personnel, ultimately helping the company establish its dominance in a very short period. Considering there are over 30 underdeveloped nations near Asia, Ishan International plans on taking over and monetising this untapped market over the next 5 years. This is clearly evidence that Ishan International Ltd. is efficiently using its dominant position in the market and its supply chain to build an extremely profitable environment for its investors. 

Before investing in this IPO, be aware of the fact that the largest Indian industry is an engineered one. The engineering industry is significant for Indias economy as it is associated with selling and producing machinery and engineering infrastructure. India is developing its engineering sector in order to be a global superpower. The Engineering Export Promotion Council (EEPC) facilitates the export of Indian engineering goods, products, and services globally. 

Ishan International is a certified “Star” Export House. To become a certified Star export house and to maintain a Star Export House Certification, the business has to contribute significantly to the Indian Foreign Trade. 

By understanding the financials of the company as per the DRHP, we can say that, on its existing bookings of Rs 40-50 Crore+, Ishan International Limited has seen almost 250% increase in its revenues since the previous quarter. The company has seen a staggering 87% increase in profit after taxes, as well as 20% increase in overall company networth since last quarter. The company also came with a P/E ratio lower than peers, and EPS higher than peers.

Another notable note is the lack of a sell-off offer, since Ishan International is making a fresh Initial Public Offering, which will effectively be used to finance additional corporate activities and JVs. Ishan International Limited has planned to make an fixed-price issue of Rs 80 per equity share, which is generally considered a fair price for the company. The GDP is still at positive marks, but is still unknown to everyone. If investors are looking for companies that have gradual yet prolonged growth potential in a perennial sector such as infrastructure, Ishan International may turn out to be a great pick. 

To add some contrast to the picture and make this IPO one worth waiting for, let us compare Thermax Ltd. The market leader at Rs2.85 Lacs has an P/E of 86% and 4% ROIC while Ishan International Ltd. has an P/E ratio of 32% and 3% ROIC based on its latest quarter results. Ishan International, being at a smaller end, has managed to do slightly better than industry benchmarks because of its undeniable geographic dominance and high-efficiency supply chain.   

Ishan is active in multiple sectors & geographies. Sugar & jaggery plants and machinery, pharmaceuticals, hydroelectric power plants, pollution control equipment. The Company is expected to become the Leader in the industry in coming years. The company first started up with a 66-megawatt unit during fiscal year 2019-20, and received further orders immediately following this deployment. The companys cross-vertical footprint gives it a wide portfolio of products and strong order books, which makes it financially feasible. 

Ishan is expecting recurring orders following a successful execution of the larger orders, and making the existing order book stronger. As long as humanity exists, engineering infrastructure will increase exponentially to fill needs. In engineering infrastructure, well-established supply chains, trained personnel, and high-quality machines are critical to the development of the business. Ishan International Limited has been profitably operating and dominating this sector for more than two decades, which indicates the companys long-term prospects and that of its shareholders. 

To secure an allotment in its IPO, please apply through net banking or the ASBA process. Check RHP and check with a financial adviser before making any investment-related decisions. 

Ishan International Limited IPO Allotment Status

Ishan International Limited IPO Allotment Status (Allotment will be done on September 19, 2022)Click Here

Important Dates

IPO Opening DateSeptember 9, 2022
IPO Closing DateSeptember 14, 2022
Basis of AllotmentSeptember 19, 2022
Initiation of RefundsSeptember 20, 2022
Credit of Shares to DematSeptember 21, 2022
IPO Listing DateSeptember 22, 2022

Ishan International Limited IPO Details

IPO Price BandRs.80 Per Equity Share
IPO Lot SizeMinimum 1600 shares for 1 lot
Minimum AmountRs.1,28,000 for 1 lot
IPO SizeApprox. Rs.18.24 Crores
Listing AtBSE, NSE
Offer for Sale2,280,000 Equity Shares
Retail Quota:50%
QIB Quota:
NII Quota:50%
DRHP Draft Prospectus:Click Here
Click HereClick Here

Ishan International Limited IPO GMP (Grey Market Premium)

DateGMPKostakSubject to
13 September

Ishan International Limited IPO Subscription Status Live

Investor CategorySubscription (times)
Qualified Institutions
Non-Institutional Buyers0.57
Retail Investors1.27
Employees
Others
Total0.92

IPO Subscription Details (times)

Ishan International IPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Sep 9, 2022
0.000.160.08
Day 2
Sep 12, 2022
0.040.510.27
Day 3
Sep 13, 2022
0.170.830.50
Day 4
Sep 14, 2022
0.571.270.92

Financial Report

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-191530.532708.439.62452.77319.06
31-Mar-201704.152272.5628.42481.19347.48
31-Mar-211452.522271.215.05496.25362.54
31-Mar-222168.872174.31127.15619.71126.93

Valuation – FY2022

 Earning Per Share (EPS):Rs.2.58 per Equity Share
 Price/Earning P/E Ratio:31.01
 Return on Net Worth (RoNW):21.00%
 Net Asset Value (NAV):Rs.12.58 per Equity Share

Ishan International Limited IPO Review

What our Expert say about Ishan International Limited IPO ReviewAvoid

Objective of the Issue

  • Funding the Proposed Joint Venture and/or Acquisition.
  • To meet the Working Capital requirements.
  • General Corporate Purpose.

IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000

Email: ishan.ipo@kfintech.com

Website: https://karisma.kfintech.com/

Peer Group

  • Lokesh Machines Ltd
  • Ador Fontech Ltd
  • Anup Engineering Ltd
  • ISGEC Heavy Engineering Ltd

Company Promoters

  • Mr. Shantanu Srivastava

Company Address

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 Limited IPO FAQ

When Ishan International Limited IPO will open?

Ishan International Limited IPO will open from September 9, 2022.

What is Ishan International Limited IPO Size?

Ishan International Limited IPO size is Rupees 18.24 Crores.

What is Ishan International Limited IPO Price Band?

Ishan International Limited IPO Price Band is Rupees 80 Per share.

What is Ishan International Limited IPO Allotment Date?

Ishan International Limited IPO allotment date is September 19, 2022.

What is Ishan International Limited IPO Listing Date?

Ishan International Limited IPO Listing Date is September 22, 2022.

How to apply in Ishan International Limited IPO through Zerodha?

Visit the Zerodha website and login to Console. Then go to “Portfolio” section and click on IPO’s link. Go to the ‘Infurnia Holdings IPO’ row and click the ‘Bid’ button.
Now enter your UPI ID, Quantity, and Price. Then click on ‘Submit’ button. Visit the UPI App to approve the mandate.

What is Ishan International Limited IPO Closing Date?

Ishan International Limited IPO Closing Date is September 14, 2022.

When will Shares of Ishan International Limited credited to Demat Account?

Shares of Ishan International Limited will be credited to Demat Account on September 21, 2022.

Shall I subscribe to Ishan International Limited IPO or Avoid?

You should avoid Ishan International Limited IPO.

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