Zeal Aqua Limited SME IPO – Snapshot, Details, Reviews

in IPOs, Knowledge 0

Company profile:

Zeal Aqua company is incorporated as on 6th March 2009. The main operation of the firm is Farming and Producing of Shrimps. It has approx 160 ponds spread over village Mor, Delasa, Mandorai,

Cutpore, Nesh, Dandi, Olpad, Orna, Bhagwa, Udhana, etc. admeasuring area of approx 200 hectares

of land wherein the land on which ponds are constructed for cultivation of shrimp. On the other hand, it is also engaged in satellite farming whereby it supplies inputs i.e. shrimp feeds, shrimp seeds, probiotics and other aquaculture related products etc. on credit to small farmers and buys shrimps from these farmers. This firm has approx. 1050 satellite farms.

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.

Purpose of the issue:-

Setting up shrimp processing Unit and Individually Quick Frozen(IQF) Shrimp products,
2. General Corporate Purpose;
3. Meeting Public Issue Expenses.

Summary Of Issue:

Issue Open:-	June 27, 2016 – June 30, 2016
Issue Type	Fixed Price issueIPO
Issue Size (Shares)	1,135,000 Equity Shares of Rs. 10
Issue Size in (Value)	Rs. 14.76 Crore
Face Value	Rs. 10 Per Equity Share
Issue Price	Rs. 130 Per Equity Share
Market lots	1000 Shares
Minimum Order Quantity	1000 Shares
Listing At	BSE, SME

Promoters Of the Company:-

1) Mr. Shantilal Patel:- He is the Managing Director of the Company. He is 59 years old.

2) Mr. Pradeep Navik :- He is Director of the company. He is 54 years old.

Financials:

Particulars	For the year/Period ended (Rs. in Millions)
Financial Year	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12	31-Mar-11
Total Equity & Liabilities	6301.98	3969.52	3824.85	2362.08	1715.76
Total Assets	6301.98	3969.52	3824.85	2362.08	1715.76
Total Revenue	17165.29	13616.59	7225.58	6486.27	5715.27
Total Expenses	16758.07	13096.34	7006.63	6303.45	5584.22
Profit After Tax (PAT)	307.39	350.02	141.01	122.63	87.37