Business description – Add-Shop Promotions is engaged in the business of marketing and distribution of products in the categories of ayurvedic products, food supplement products, agricultural products, animal feed supplement products and personal care products. The company primarily caters to retailers and wholesalers where it supplies products manufactured by select manufacturers under its brand. It procures the finished products from its G.M.P and I.S.O certified manufacturers and thereafter markets the product through various intermediaries and sales agents. With an objective to penetrate major markets, it has entered into agreements with various collecting and forwarding agents.
The company distributes organic products to farmers for their agriculture use as well as organic cattle feed products for their livestock. The company believes that the agriculture sector in India is expected to generate better momentum in the next few years due to increased investments in agricultural infrastructure. Foreseeing the growth in the agricultural sector, the company intends to tap the growth opportunity by pushing sales through a wide range of agro products. Add-Shop Promotions is a fellow member of Federation of Direct Selling association vide membership number FDSA/F/10.
Promoters of Add-Shop Promotions – Dineshbhai Pandya
| Add-Shop Promotions IPO details | |
| Subscription Dates | 21 – 30 August 2018 |
| IPO Price band | INR26 per share |
| Fresh issue | 2,396,000 shares (INR6.23 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,396,000 shares (INR6.23 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Setting up of herbal & ayurvedic processing unit for manufacturing of cosmetic & non-cosmetic products – INR2.09 crore
- Brand Building & Advertisement – INR0.45 crore
- Working Capital Requirements – INR1.69 crore
- General Corporate Expense – INR1.50 crore
- Issue Expenses – INR0.50 crore
| Add-Shop Promotions’ financial performance (in INR lakh) | ||||||
| FY2016 | FY2017 | FY2018 | Q1 FY2019 | |||
| Total revenue | 192.7 | 455.4 | 1,254.9 | 384.4 | ||
| Total expenses | 192.0 | 436.9 | 1,223.4 | 363.2 | ||
| Profit after tax | -0.4 | 14.7 | 23.0 | 16.4 | ||
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Add-Shop Promotions’ Contact Details
Add-Shop Promotions Limited
B-304 Imperial Height
150ft Ring Road
Rajkot, Gujarat
Phone: +91 0281 2580499
Email: [email protected]
Website: www.addshop.co
Add-Shop Promotions IPO Subscription Details
| Day |
Subscription (no. of times) |
| Day 1 | 0.00 |
| Day 2 | 0.06 |
| Day 3 | 0.08 |
| Day 4 | 0.46 |
| Day 5 | 0.58 |
| Day 6 | 0.70 |
| Day 7 | 1.23 |
Add-Shop Promotions Valuation (For latest FY)
Earnings Per Share (EPS): INR16.40
Price/Earnings (P/E) ratio: 1.59
Return on Net Worth (RONW): 59.99%
Net Asset Value (NAV): INR27.33 per share
Registrar of Add-Shop Promotions IPO
Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email:Â [email protected]
Website:Â http://www.cameoindia.com
Add-Shop Promotions IPO Allotment Status
Add-Shop Promotions IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Listing performance of Add-Shop Promotions
IPO Opening Date: 21 August 2018
IPO Closing Date: 30 August 2018
Listing Date: 10 September 2018
Listing Price on BSE SME: INR28.2 per share (up 8.46% from IPO price)
Closing Price on BSE SME: INR28.2 per share (up 8.46% from IPO price)
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