Advance Syntex Limited SME IPO - Snapshot, Details, Reviews

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Advance Syntex Private limited is incorporated on September 21, 1990 . It is dealing in manufacturing of Metalized Films (MF), Lacquered (Coated) Metalized Polyester Films (LMPF), glitter powder (Zari Powder) and Metallic Yarn (Polyester Badla). This firm is offering modified resins too, which is used as raw material in manufacturing of LMPF. Along with this, it is also engaged in the sale of polyester films which is also known as BOPET films and Biaxially Oriented Polypropylene Films (also known as BOPP films) after carrying of slitting operations on them. It is servicing coating of Metalized Films on job work basis. It’s offered products are used in textiles, flexible packaging, lamination, printing, decorations, advertising, paints, inks, craft glue, glass bangles, synthetic leather, floor tiles, walls, cosmetics (such as nail polish, eye-liner, hair gel, lipstick etc.) and various other products. “MIDAS” is the brand name to sell its ready products, which is registered under the Trademarks Act, 1999.

Below are the offering products of the Company:-

Metalized Films (MF)
Slitted Films
Epoxy Resins
Lacquered (Coated) Metalized Polyester Film (LMPF)
Glitter Powder (Zari Powder)
Metallic Fibres
Metallic Yarns (Polyester Badla)

Outlook of the Firm:-

Facility for in-house production of raw materials required in manufacturing of Lacquered (Coated) Metalized Polyester Film (LMPF)
Quality Products
Management Expertise
Existing customer relationship
Existing relationship with suppliers

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) To meet Working Capital Requirement

To Meet the Issue Expenses

Summary Of Issue:

Issue Open:-	June 30, 2016-July 4,2016
Issue Type	Fixed Price Issue IPO
Issue Size (Shares)	2,100,000 Equity Shares of Rs. 10 aggregating
Issue Size in (Value)	Rs. 2.52 crore
Face Value	Rs. 10 Per Equity Share
Issue Price	Rs. 12 Per Equity Share
Market lots	10000 Shares
Minimum Order Quantity	10000 Shares
Listing At	BSE, SME

The Public offer includes:-21,00,000 Equity Shares

Promoters Of the Company:-

Mr. Bhavan Dhirendra Vora:- He holds 23,34,600 Equity Shares.
Promoter Group:-
a) Natural Persons who are part of the Promoter Group
b) Corporate Entities or Firms forming part of the Promoter Group

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	346,958,928	287,385,587	237,151,882	184,392,052	97,479,786
Total Assets	346,958,928	287,385,587	237,151,882	184,392,052	97,479,786
Total Revenue	475,372,446	362,220,756	297,680,023	231,625,883	166,095,127
Total Expenses	473,100,398	350,729,704	285,771,902	222,411,314	160,136,232
Profit After Tax (PAT)	6,120,793	8,309,621	8,423,763	1,774,865	4,690,036