NCML Industries Limited, one of the flagship Company of Delhi-based NCML Group, proposes to enter the capital markets on 29th December 2014 with an offer for sale of 60,00,000 equity shares of the face value of Rs 10 each by selling shareholders.
The offer through book building process closes on 2nd January 2015 and the Price Band has been fixed at Rs 100 to Rs 120 per equity share of Rs 10 each. The offer will constitute 25.48% of the post offer paid up equity share capital of the Company. The Corporate Strategic Allianz Ltd is the BRLM for the Issue and Satellite Corporate Services Pvt Ltd is the Registrar. The equity shares are proposed to be listed on the BSE and NSE.
The Company is into the business of importing, manufacturing and marketing of edible oil in India with international presence, dealing in various edible oils such as Soya bean oil, Cottonseed oil, Palm oil (Palmolein), Mustard oil, Rapeseed Oil etc. The promoters have been associated with the oil industry for more than five decades, which has enabled the Company to successfully implement its growth strategies.
The total revenue of NCML Industries has gone up from Rs 1,047 crore for the year ended 31st March 2011 to Rs 2,767 crore for the year ended on 31st March 2014 and the restated profits after tax has increased during the same period from Rs 13.80 crore to Rs 55.22 crore. The total revenue for the first quarter of the current fiscal ending 30th June 2014 was Rs 881.69 crore and restated profit after tax at Rs 6.64 crore
After establishing the strong foothold in the trading and imports and with the in-depth understanding of domestic and foreign oil market, the Company started setting up its own Refinery Unit with an installed capacity of 350 TPD at Khasra in Pilakhua District of Hapur in U.P. and the same got operational during the last quarter of FY 2011-12. Due to commencement of commercial operations of the Refinery Unit, the brands are used by refinery. During FY 2013-14, the company has gone for expansion and thereby increased its installed capacity by 250 TPD, thus making a total installed capacity of the Refinery Unit to 600 TPD. The additional capacity of 250 TPD got operational during the last week of the 3rd Quarter of FY 2013-14.
Disclaimer:
The Company is proposing, subject to requisite approval, market conditions and other considerations, a public issue of its equity shares and has filed the Red Herring Prospectus with the Registrar of Companies, Delhi. The Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in, and the website of the Book Running Lead Manager at www.csapl.com and that of the company at www.ncml.co.in. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see section titled "Risk Factors" on page 13 of the Red Herring Prospectus. This document is not an offer of securities for sale in the United States or elsewhere. The shares of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act") or any state securities laws in the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
For further details, please contact –
Shilpa Suryawanshi – 9833738595, shilpa.suryawanshi@pranapr.com
Ashwini Karvi – 9920474967, ashwini.karvi@pranapr.com
Shilpa
Prana PR
T: + 91 22 2288 4046/48/49
shilpa.suryawanshi@pranapr.com
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