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Survival Technologies IPO Details: Launch Date, Share Price, Size & Review

Survival-Technologies-IPO-Details-Launch-Date-Share-Price-Size-&-Review

Survival Technologies – About the Company

Survival Technologies Limited is a leading Indian speciality chemical manufacturer specializes in contract research and manufacturing services (CRAMS) for heterocyclic and fluoro organic products. The company is engaged in the supply of specialty chemicals with multiple applications and many products it sells domestically are import substitutes that were formerly imported from China. The company is one of the few specialty chemical manufacturers in India manufacturing select products from the heterocyclic and fluoro organic product groups for sale in India and globally. Survival Technologies Limited engages with customers across their product lifecycles, i.e., providing extensive in-house research for the development of products, commercial scale process development, and manufacture of commercial quantities of products. Between April 1, 2007, and March 31, 2022, the company synthesized 677 products of which over 500 products have been commercially produced and sold to various customers across the export markets.

Survival Technologies IPO Objectives

The IPO issue consists of both; fresh issue and offer for sale.

  • All the money raised through offer for sale will go to selling shareholder / selling promoter and nothing from that will be entitled to the company. The offer for sale by selling shareholder consists of Rs. 800 crores.
  • The company as per prospectus, wish to direct Rs. 175 crores out of total Rs. 200 crores fresh issue for working capital requirement. Rest of the fund will be used for general corporate purposes.

Survival Technologies IPO Details:

IPO Open Date N.A.
IPO Close Date N.A.
Basis of Allotment N.A.
Listing Date N.A.
Face Value Rs 2 per share
Price N.A.
Lot Size N.A.
Total Issue Size Up to [●] Equity Shares
aggregating up to ₹ [●] million
Fresh Issue Up to [●] Equity Shares
Aggregating up to ₹2,000.00 million
Offer For Sale Up to 6,526,983 Equity Shares
Aggregating up to ₹8,000.00 million
Issue Type Book Built Issue IPO
Listing At BSE & NSE
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

 

Survival Technologies IPO Issue Price & Size

The RHP of Survival Technologies hasn’t been filed yet, so the important price range are unknown. As soon as the information is announced, same will be updated and the investors can bid between those price range on respective dates. The IPO has fresh issue of up to Rs. 200 crores and an OFS of Up to [●] Equity Shares aggregating up to 800 crores.

Survival Technologies IPO Launch Date

Launch date of Survival Technologies hasn’t been made public; as soon as the dates are made public same will be updated. Other useful dates like closing date, allotment date, listing date will also be updated.

Survival Technologies Financial Statements:

Particulars For the 3 months period

ended June 30, 2022

FY22 FY21 FY20
Revenue from Operations 1000.2 317.82 2747.9 1991.46
Other Income 34.86 98.91 95.65 10.49
Total Income 1035.06 3216.73 2843.6 2001.95
Expenses
Cost of Materials Consumed 437.22 1582.49 1545.8 1202.44
Purchase of Traded Goods 11.6 - - -
Changes in inventories of finished goods

and work-in- progress

3.55 -79.63 13.2 -42.26
Employee Benefits Expense 40.02 234.33 169.44 146.4
Finance Costs 1.82 5.41 9.96 23.38
Depreciation and Amortisation Expense 13.51 42.07 37.12 42.16
Other Expenses 159.16 461.61 322.99 335.82
Total Expenses 686.88 2246.28 2098.5 1707.95
Profit for the period/year 24879 734.62 563.2 190.54

 

Particulars For the 3 months period

ended June 30, 2022

FY22 FY21 FY20
Revenue from Operations 1000.2 3117.82 2747.9 1991.46
Growth in Revenue from Operations (%) - 13.46 37.98 -
Gross Profit 547.83 1614.96 1188.9 831.28
Gross Margin (%) 54.77 51.8 43.27 41.74
EBITDA 328.65 919.02 696.5 349.05
EBITDA Margin (%) 32.86 29.48 25.35 17.53
Profit After Tax 248.79 734.62 563.2 190.54
PAT Margin (%) 24.87 23.56 20.5 9.57
RoE (%) 9.94 32.6 36.95 19.79
RoCE (%) 13.76 42.5 49 32.18
Net Fixed Asset Turnover 2.51 8.23 8.89 6.38
Net Working Capital Day Comparison of

financial KPIs of Company and listed peers

173.03 198.53 145.1 98.48
Operating Cash Flows 65.32 174.67 503.38 80.21

 

 

Survival Technologies IPO Promoters & Shareholders

There are two promoters of Survival Technologies

  1. Vijaykumar Raghunandan prasad Agrawal, (Chairman and Whole-time Director)
  2. Nimai Vijay Agrawal (MD and Chief Executive Officer)
Name of the Shareholder No. of Shares % of pre-Offer shareholding Aggregate amount of OFS

(in ₹ million)

Vijaykumar Raghunandan prasad Agrawal 5,86,29,750 67.98% 5,444.14
Nimai Vijay Agrawal 2,28,75,000 26.52% 2,124.08
Prabha Vijay Agarwal 46,50,000 5.39% 431.78

 

Why Invest in Survival Technologies IPO?

While investing in an IPO-bound company, one should check their strength and weaknesses that help an investor to visions company’s prospects. Fundamental analysis apart from financial and competitive strength, also help you to know the risk factors that can affect the business operations and future prospects of the company. After evaluating the variables such strength weakness, financials, you may strike a balance and decide to invest or not invest in an IPO.

Strengths

  • Survival Technologies is a leading Indian chemical manufacturer that focuses on CRAMS (Chemical, Aromatic, and Synthetic) products. The products have various uses across industries like agrochemicals, pharmaceuticals, biotech, paints, and polymers.
  • They're developing six new products and have two in-house laboratories. Their R&D team works independently based on customer requirements, synthesizing chemicals to determine viability. Their technical know-how and market-leading position offer cost efficiency, economies of scale, repeating customers and long-term relationships.
  • The company's business model focuses on diversification across industries. The company's business is diversified across its revenue stream and its product exports. The table below provides contribution of top products to revenue from operations in years’ mentioned.
Particulars For the 3 months period

ended June 30, 2022

FY22 FY21 FY20
Revenue split between domestic and exports
Domestic Market (%) 64.58 68.31 67.99 67.72
Export Market (%) 35.42 31.69 32.01 30.28

Contribution to Revenue from Operations of Product Categ.

Top 3 (%) 29.28 18.47 19.08 16.4
Top 5 (%) 41.24 27.28 28.36 24.5
Top 10 (%) 56.84 42.96 44.12 39.72

 

  • The company offers its services in specialty chemical manufacturing, particularly in niche product groups. Offering a dedicated product offend faces high entry barriers due to technical knowhow, expertise in handling complex chemistries, and other technical processes. The handling of corrosive raw materials and intermediates requires significant training for employees, creating additional barriers for new players. Changes in suppliers may require significant time and expense for customers, making them less inclined to pursue alternative supply sources. This provides an advantage over new entrants who would need significant investments and long gestation periods to compete effectively.

Risks:

  • Customer acquisition is a challenge for the company. Since the company is engaged in specialized chemical manufacturing, bringing new clients leads to initial expenditure on R&D to satisfy customer product demand. Also, there are limited competitor, which makes it even harder for grabbing already established clients.
  • The company is subject to strict quality checks, inspections and facility audits from clients. Any failure to comply with quality standards may adversely affect the business prospects, cash flows and financial performance, including cancellation of existing and future orders.
  • The business relies on its three manufacturing facilities for production of its product. Any disruption in operations of these facility could significantly impact the business, financial condition and cash flows. In past the company have received closure notices from the Gujarat Pollution Control Board for units of Ankleshwar, Gujarat and Sarigam facility.
  • The company currently relies on imported raw materials for a portion of its requirements. Below mentioned in the cost of total raw material and the raw material imported from China. The company is not currently subject to any regulatory restrictions on importing raw material from china or any other jurisdiction. However, the company may experience significant challenges if the international relations between India and China disrupts.
Particular Amount (₹ million) FY20 Amount (₹ million) FY21 Amount (₹ million) FY22 Amount (₹ million) For the 3 months period

ended June 30, 2022

Cost of Raw Material Imported 718.29 57.90% 1098.4 68.45% 794.19 46.40% 235.26 42.59%
Cost of Raw Material Imported from China 616.45 49.68% 939.61 58.55% 417.74 39.25% 230.84 41.79%

 

How to Apply in Survival Technologies IPO?

To apply for the Survival Technologies IPO or invest in any listed company in India, you must have a demat account and trading account. Once you have both these accounts you can apply for IPOs in the primary market or buy shares directly from the secondary market through the trading platform provided by the discount brokers or full-service brokers to their clients.

Also Read: Choosing the right broker: Decoding the mystery of lowest brokerage charges

Here you can choose Moneysukh to open demat and trading account to apply for the IPO. You will get the best online trading platform to invest or trade in equitiescommodities and the forex market or apply in the IPOs. To apply for this IPO through Moneysukh follow the steps given below.

Also Read: What are the Benefits of Demat Account: Advantages & Why you need it

Steps to Apply for Survival Technologies IPO:

Step 1: Once the IPO opens you can apply.

Step 2: Open trade.moneysukh.com and log in with your User ID & password.

Step 3: Now find the IPO section and select the Survival Technologies IPO.

Step 4: Here you have to fill in various details like price, quantity, and so on.

Note: At the time of applying for any IPO, always bid at the cutoff price before submitting your application. 

Step 5: Now make the required payment and submit your IPO application.

Also Read: What to Check Before Buying IPO: Things to Know & Is it Safe

How to Check the Allotment Status of Survival Technologies IPO?

The allotment of shares in the IPO is organized after a few days of closing of bidding. Once the allotment date arrives, you can check the allotment status through various online sources like NSE, and BSE and through the website of Moneysukh using your PAN or IPO application details.

Also Read: How to check IPO allotment status on NSE, BSE through Moneysukh

The allotment of shares in the IPOs is highly dependent on the oversubscribe status of the IPOs. Hence, if it is oversubscribed many times, there are less chances of allotment to everyone.

Also Read: How Shares are Allotted in Oversubscribed IPO: Allocation Process

However, if you have been allotted any share in this IPO cit will be credited into your demat account on the date of listing that you can sell in the secondary market.  And if there is no allotment of shares in this IPO, then your application money will be refunded into your bank account or the fund will be unblocked if you have applied through ASBA.

Also Read: How to Increase the Chances of IPO Allotment

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