Incorporated in 2011, Uttar Pradesh based SBC Exports Limited is a trader of cushion covers, bedspreads, cotton quilts and handmade carpets in the Mirzapur. Initially, the company was only known for trading of good quality readymade apparels. Later, it had expanded its business in some other areas like tour & travels, manpower
supply and information technology services. The company also started trading of hosiery fabrics & hosiery garments for Ladies, Mens' and Kids' in Mirzapur. SBC Exports Ltd operates primarily in three key segments:-Online & offline Hotel / Travel / Vacation Bookings -IT Services & Manpower supply and -Textiles, Garments trading including Carpets The company has two manufacturing plants located at Mirzapur and Ghaziabad in Uttar Pradesh. A variety of products such as Jackets, trousers, leggings, denim, Tshirts, and sweatshirts etc. are sold by the company under SBC DESIGN+, IEDEE, and SBC F-ROUTE brand names. It also has an online selling website www.frouteclothing.com and mobile APP to sell products online.
The competitive strengths of the company are:
1. Manufacturing units located near to the source of the raw materials.
2. Innovative product designing services.
3. Varied product range
4. Quality assurance
5. Diversified business model
Company Promoters:
Mr. Dhirendra Kumar Gupta and Mrs. Deepika Gupta are the promoters of the company.
Company Financials:
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 2938.66 1892.70 925.87 479.55
Total Revenue 5848.51 6399.45 2865.70 2115.76
Profit After Tax 69.37 82.97 32.84 6.58
Objects of the Issue:
Objects of the Fresh Issue are:
1. To part finance working capital requirements of the Company;
2. To meet General corporate purposes;
3. To meet the expenses of the Issue.
SBC Exports IPO Details
Issue Open Jun 24, 2019 - Jun 26, 2019
Issue Type Fixed Price Issue IPO
Issue Size 2,982,000 Eq Shares of Rs 10
(aggregating up to Rs 6.56 Cr)
Face Value Rs 10 Per Equity Share
Issue Price Rs 22 Per Equity Share
Market Lot 6000 Shares
Min Order Quantity 6000 Shares
Listing At BSE SME
SBC Exports IPO Tentative Date / Timetable
Bid/Offer Opens On Jun 24, 2019
Bid/Offer Closes On Jun 26, 2019
Finalisation of Basis of Allotment Jul 1, 2019
Initiation of Refunds Jul 2, 2019
Credit of Shares to Demat Acct: Jul 3, 2019
IPO Shares Listing Date: Jul 4, 2019
SBC Exports IPO Promoter Holding
Pre Issue Share Holding 92.91%
Post Issue Share Holding 66.73%
SBC Exports Limited
House No.-20, Lohiya Talab,
Choti Basahi, P.O. Vindhyachal Mirzapur,
Uttar Pradesh-231307
Phone: 0120-2895246
Email: info@sbcel.com
Website: http://sbcexportslimited.com
SBC Exports IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Conclusion / Investment Strategy
Although the company has diverse activities, its major revenue comes from domestic markets. Issue pricing is aggressive. Peers comparison is grossly misleading. Investors may skip this issue.
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