Zodiac Energy IPO

Zodiac Energy IPO

Business description – Zodiac Energy is an energy solutions provider company having experience of more than two decades in majority of verticals of power generations spectrum. Its spectrum of services includes design, supply, installation, testing and commissioning (EPC) and operation and maintenance (O&M). In short, it provides turnkey solutions from concept to commissioning of power plants.

The company has installed solar power plants for many prominent clients like Sun-Edison India Limited, Adani Group, Torrent Power Limited, Gujarat Energy development Agency, Reserve Bank of India, Directorate of Lighthouse and Lightships Government of India (GoI), Indian Oil Corporation Limited to name a few. The company has installed more than 6,000 KW of Rooftop solar power plants till now and it envisages to reach at 10,000 KW by end of 2017-18.

Promoters of Zodiac Energy – Mr Kunjbihari Shah & Mr Jugalkishor Shah

Zodiac Energy IPO details
Subscription Dates 23 – 27 November 2017
IPO Price band INR52 per share
Fresh issue 1,950,000 shares (INR10.14 crore)
Offer for sale Nil
Total IPO size 1,950,000 shares (INR10.14 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Zodiac Energy’s consolidated financial performance (in INR lakh)
FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018
Total revenue 885.6 952.5 870.1 920.5 1,674.3 824.8
Total expenses 865.9 936.6 864.4 904.6 1,639.4 759.5
Profit after tax 9.4 11.1 4.6 11.0 23.8 49.0

Zodiac Energy Limited
A-1204, Siddhi Vinayak Towers
Off S G Highway, Makarba
Vejalpur, Ahmedabad – 380 051

Phone: +91 79 2970 4116
Email: [email protected]
Website: www.zodiacenergy.com

Day

Subscription (no. of times)

Day 1 2.62
Day 2 10.37
Day 3 103.1

 

Earnings Per Share (EPS): INR0.67

Price/Earnings (P/E) ratio: 77.61

Return on Net Worth (RONW): 15.62%

Net Asset Value (NAV): INR4.27 per share

Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400 083
Maharashtra, India

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

Zodiac Energy IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

IPO Opening Date: 23 November 2017

IPO Closing Date: 27 November 2017

Finalisation of Basis of Allotment: 30 November 2017

Initiation of refunds: 1 December 2017

Transfer of shares to demat accounts: 4 December 2017

Listing Date: 5 December 2017

Listing Price on NSE SME: INR62.4 per share (up 20% from IPO price)

Closing Price on NSE SME: To be updated

5 COMMENTS

  1. Full subscription for this kind of company on first day!!! Earnings just above 1% and people lining up to buy shares, IPO market has gone to dogs…

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