Commercial Syn Bags is incorporated on December 10, 1984 at Madhya Pradesh, Gwalior. This firm is manufacturing and supply of high Density Polyethylene (‘HDPE”)/ Poly propylene (‘PP”) woven sacks flexible Intermediate Bulk Container (” FIBC”), fabric & Tarpaulin for domestic as well as export markets. TIGER TARPAULIN and COMSYN are the main brand name of this company.
The Customer base of the company is worldwide like United States Of America, United Kingdom, Australia, Germany, Italy, Spain , New Zealand, etc. It is also established as an Export House of the government units.
It is also engaged to produce 4-5 million Big Bags annually. Builder Bag, FIBC- U-Panel and Circular, Baffle / Q-Bag, Tunnel Bag, Single Loop / Double Loop, UN Bags, Asbestos Bag, PP Container Bag, Bags with Liner Formfit / Bottle shaped, Tabbed, Glued, Box Bag, Polypropylene Woven bags, PP Fabric, Tarpaulin and BOPP Bags are the main products of the company.
Outlook of the Firm:-
- Experience Management
- Technology Up gradation
- Competitive Strengths
- Marketing Team
- Wide range of product basket.
- Quality products.
IPO details:-
The company has filed its draft prospectus to be listed on the BSE, SME platform with markets regulator Securities and Exchange Board of India (SEBI). The company has received an approval letter from BSE for using its name in this offer document for listing its shares on the SME Platform of BSE.
Objects Of The Issue:
1) Repayment/Prepayment of certain borrowings availed by the company;
2) Working capital requirements.
Summary Of Issue:
| Issue Open:- | June 30, 2016-July 5,2016 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size (Shares) | 3192000 Equity Shares of Rs. 10 aggregating |
| Issue Size in (Value) | Rs. 7.66 crore |
| Face Value | Rs. 10 Per Equity Share |
| Issue Price | Rs. 24 Per Equity Share |
| Market lots | 6000 Shares |
| Minimum Order Quantity | 6000 Shares |
| Listing At | BSE, SME |
The Public offer includes:-31,92,000 Equity Shares
Promoters Of the Company:-
- Mohanlal Choudhary:- He is 71 years old, He has an experience of three decades in plastic packaging industry.
- Anil Choudhary:- He is 57 years old. He is the Chairman & Managing Director of the company.
- Super Sack Private Limited
Financials:
| Particulars | For the year/Period ended (Rs. in Million) | ||||
| Financial Year | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 |
| Total Liabilities | 7018.69 | 6227.07 | 4887.82 | 3003.53 | 2535.99 |
| Total Assets | 7018.69 | 6227.07 | 4887.82 | 3003.53 | 2535.99 |
| Total Revenue | 11265.25 | 9612.31 | 6815.42 | 5531.21 | 4560.73 |
| Total Expenses | 10527.51 | 9085.32 | 6492.95 | 5245.36 | 4460.86 |
| Profit After Tax (PAT) | 527.84 | 393.91 | 217.22 | 195.75 | 63.58 |
Lead Manager Details:-
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshva Premises, Behind Family Court
Bandra Kurla Complex, Bandra East,
Mumbai – 400051
Tel: +91 22 6194 672
Fax: +91 22 2659 8690
Website: www.pantomathgroup.com
Email: ipo@pantomathgroup.com
Investor Grievance Id: ipo@pantomathgroup.com
Contact Person: Ms. Kirti Kanoria
SEBI Registration No: INM00001211
Registrar To The Issue:-
Bigshare Services Pvt. Ltd
E-2 & 3, Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Registered Office Details:-
Commercial House, 3-4, Jaora Compound, M.Y.H. Road, Indore,
Madhya Pradesh – 452001
Tel. No.: 0731 – 4279525 / 26; Fax No.: 0731 – 2704210
Contact Person : Ms. Megha Parmar, Company Secretary and Compliance Officer
Email: investors@comsyn.com;
Website: www.comsyn.co
