Commercial Syn Bags Limited SME IPO – Snapshot, Details, Reviews

commercial syn bags ipoCommercial Syn Bags is incorporated on December 10, 1984 at Madhya Pradesh, Gwalior. This firm is manufacturing and supply of high Density Polyethylene (‘HDPE”)/ Poly propylene (‘PP”) woven sacks flexible Intermediate Bulk Container (” FIBC”), fabric & Tarpaulin for domestic  as well as export markets. TIGER TARPAULIN and COMSYN are the main brand name of this company.

The Customer base of the company is worldwide like United States Of America, United Kingdom, Australia, Germany, Italy, Spain , New Zealand, etc. It is also established as an Export House of the  government units.

It is also engaged to produce 4-5 million Big Bags annually. Builder Bag, FIBC- U-Panel and Circular, Baffle / Q-Bag, Tunnel Bag, Single Loop / Double Loop, UN Bags, Asbestos Bag, PP Container Bag, Bags with Liner Formfit / Bottle shaped, Tabbed, Glued, Box Bag, Polypropylene Woven bags, PP Fabric, Tarpaulin and BOPP Bags are the main products of the company.

Outlook of the Firm:-

  1. Experience Management
  2. Technology Up gradation
  3. Competitive Strengths
  4. Marketing Team
  5. Wide range of product basket.
  6. Quality products.

 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) Repayment/Prepayment of certain borrowings availed by the company;

2) Working capital requirements.

Summary Of Issue:

Issue Open:- June 30, 2016-July 5,2016
Issue Type Fixed Price Issue IPO
Issue Size (Shares) 3192000 Equity Shares of Rs. 10 aggregating
Issue Size in (Value) Rs. 7.66 crore
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 24 Per Equity Share
Market lots 6000 Shares
 Minimum Order Quantity 6000 Shares
Listing At BSE, SME

 

The Public offer includes:-31,92,000 Equity Shares

 Promoters Of the Company:-

  1. Mohanlal Choudhary:- He is 71 years old, He has an experience of three decades in plastic packaging industry.
  2. Anil Choudhary:- He is 57 years old. He is the Chairman & Managing Director of the company.
  3. Super Sack Private Limited

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 7018.69 6227.07 4887.82 3003.53 2535.99
Total Assets 7018.69 6227.07 4887.82 3003.53 2535.99
Total Revenue 11265.25 9612.31 6815.42 5531.21 4560.73
Total Expenses 10527.51 9085.32 6492.95 5245.36 4460.86
Profit After Tax (PAT) 527.84 393.91 217.22 195.75 63.58

 

 

 

 

Lead Manager Details:-

PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED

406-408, Keshva Premises, Behind Family Court

Bandra Kurla Complex, Bandra East,

Mumbai – 400051

Tel: +91 22 6194 672

Fax: +91 22 2659 8690

Website: www.pantomathgroup.com

Email: ipo@pantomathgroup.com

Investor Grievance Id: ipo@pantomathgroup.com

Contact Person: Ms. Kirti Kanoria

SEBI Registration No: INM00001211

Registrar To The Issue:-

Bigshare Services Pvt. Ltd

E-2 & 3, Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Registered Office Details:-

Commercial House, 3-4, Jaora Compound, M.Y.H. Road, Indore,

Madhya Pradesh – 452001

Tel. No.: 0731 – 4279525 / 26; Fax No.: 0731 – 2704210

Contact Person : Ms. Megha Parmar, Company Secretary and Compliance Officer

Email: investors@comsyn.com;

Website: www.comsyn.co

 

Like this Article? Subscribe to Our Feed!

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Out Best Brokerage Deals