IPO

Anmol Industries IPO Opens Today: Should You Invest?

Anmol Industries IPO Opens Today: Should You Invest?

The volatility in the stock market is drying up the demand for the IPOs. It is believed that pessimism has gripped the IPO market, but there are certain companies that are trying to revive the market by issuing the IPOs. One of them is Anmol Industries IPO.

Anmol Industries: Company Profile

Established in 1998, Anmol Industries is a leading company engaged in the business of coal import and supply. Its primary products include the USA Coal and Indonesian Coal and Petroleum product.

The small and medium scale industries are its primary clients and it caters across 100 different locations in India. The client entails the companies from the different industries that trade in coal and pet coke. The promoters of the company are Vijay Kumar and Chakshu Goyal.

Financial Results

The company has inserted a scorecard which reports revenue upto Rs 18, 649.56 lacs, Rs 18,980. 92 lacs, Rs 15807.463 lacs, Rs 7,697 and Rs 6,053.99 lacs for Fy 2017, 16, 15, 14 and 13. The company staff strength is 10 employees on its payroll.

Anmol Industries IPO Details

The company is planning to raise a fixed price IPO amounting to Rs 31 lakh equity shares with a face value of Rs 10 each.

  • Finance its working capital requirements
  • To cater for general corporate purpose and
  • To meet the expenses raised in the issue

Here, we have tabulated the details

Opening of issue Feb 12,2019-Feb 14, 2019
Type of Issue Fixed price
Issue size Rs 31,00,000 equity share of Rs 10
Face Value Rs 10 per equity share
Issue price Rs 33 per equity share
Market Lot 4000 shares
Minimum order 4000 shares
Listing BSE SME
Pre issue share holding 100%
Post issue share holding 54.80%

Should you subscribe?

There are several reasons that will attract the investors to this IPO, the company has a decade of experience in this field, and has a good track record, strong relationship with the customers but as it caters to SME industries and its staff strength is low, so we can say that this IPO is meant for aggressive investors.

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