Badri Cotsyn has filed its issue papers with the National Stock Exchange (NSE) for an SME IPO. The company specializes in manufacturing high-tenacity recycled polyester staple fibre (R-PSF) from post-consumer polyethylene terephthalate (PET) bottles. Badri Cotsyn IPO is entirely a fresh issue and it consists of a fresh issuance of up to 57,00,000 equity shares.
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Company Overview
Badri Cotsyn manufactures high-tenacity R-PSF, widely used in textiles, non-woven geotextiles, filtration fabrics, and automotive fabrics. The company’s products are recognized for their durability, excellent resilience properties, and eco-friendly nature.
The company operates a manufacturing facility spread across 4,35,000 square feet in Bhopal, Madhya Pradesh, with a combined installed capacity of 61,200 MT per annum, including its group company. Raw materials are sourced from junk collectors across 12 states, ensuring a consistent supply chain. Swastika Investmart has been appointed as the book-running lead manager, and Integrated Registry Management Services as the registrar to the issue.
Promoters of the Company
- Mr. Amit Gupta
- Mr. Sumit Gupta
- Mrs. Deepika Gupta
- Mrs. Nainsi Gupta
Utilization of Net Issue Proceeds
The company plans to utilize the funds raised from the IPO for the following purposes:
- Construction of Factory and Purchase of Plant and Machinery – INR 112.20 crore
- Repayment and/or pre-payment of certain borrowings
- General Corporate Purposes
Financial Performance
Particulars | 9M FY 2025 | FY 2024 | FY 2023 | FY 2022 |
---|---|---|---|---|
Revenue from Operations (INR crore) | 280.93 | 200.40 | 225.17 | 177.77 |
Profit/(Loss) (INR crore) | 14.44 | 3.53 | (3.88) | (2.08) |
Industry Overview
The company operates in a resilient global economic environment despite ongoing geopolitical tensions, including the Israel-Palestine conflict and the Russia-Ukraine crisis. However, economic momentum continues with easing inflation and robust GDP growth in key markets such as the United States, Canada, Spain, and the United Kingdom. The demand for sustainable and recycled textile materials is on the rise, positioning Badri Cotsyn favourably in the industry.
Services Offered
1. EPR (Extended Producer Responsibility) Credits Services:
Badri Cotsyn is a CPCB-approved Category-1 Plastic Waste Processor, enabling it to generate EPR certificates required by brand owners. The company facilitates the trading of EPR credits, promoting efficient plastic waste management.
2. Job Work Services:
The company provides job work services by processing PET bottles for its group company, Badri Eco Fibres, to produce high-quality PET flakes.
Conclusion
With its strong market presence, commitment to sustainability, and robust financial performance, Badri Cotsyn Limited is poised to make a significant impact through its IPO. The proceeds from the issue will help the company expand its manufacturing capabilities and reduce debt, ensuring long-term growth and profitability. Investors keen on sustainable and high-growth industries may find this IPO an attractive opportunity.
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