MMP Industries Limited

Old Bridge’s Vantage Equity Fund &Raisonneur Capital Limited have subscribed to 100% of anchor investment of MMP Industries Limited, SME IPO at an upper band of Rs. 188/- per equity share

Issue opens on 28^th March & closes on 4^th April andgetting listed on Emerge Platform of National Stock Exchange of India Limited (“NSE EMERGE”)

Largest IPO so far on NSE EMERGE

45.00 lakh equity shares are offered at a price band of Rs. 186-188 per equity share and minimum lot size is at 600 equity shares

Global player in manufacturing of aluminium powder and aluminium paste

Infrastructure, explosives, paints & Agriculture are key target sectors

Guiness Corporate Advisors Private Limited is the Book Running Lead Manager for the issue

Old Bridge’s Vantage Equity Fund and Raisonneur Capital Limited, have subscribed 100% of the anchor book reserved for the issue. The total anchor book reserved in the IPO was at Rs. 24.09 crore, out of which Vantage Equity Fund have invested Rs. 20crore (approximately) and Raisonneur Capital Limited have invested Rs. 10 crore (approximately), which has resulted in oversubscription of 1.25 times.

MMP Industries Limited (MMPIL) is primarily intomanufacturing of aluminium products. Over the course of last three decades of its operations, the company has become a global player in the field of Aluminium powder and Aluminium pastes.

MMPIL is going to issue 45 lakhs equity shares at issue price band of Rs. 186-188 per equity share and the minimum lot size is at 600 equity shares. The objective of the issue is to use the proceeds mainly for setting up a new facility for manufacturing of Atomised Aluminium Powder, Pyro and Flake Aluminium Powder and Aluminium Foils, prepayment or repayment of a portion of loan facilities and general corporate purposes.

As per Restated Standalone Financial Statements, net revenues increased by 12% toRs.203.93crores in FY 2017 as against Rs.181.20crores in FY 2016.During six month period ended 2017, the revenues stood at Rs.105.56 crores. Profit after Tax (PAT) increased by 77.88% from7.78 crores in FY 2016 to Rs 13.8 crores in FY 2017. For six month period ended 2017, PAT stood at Rs 6.40crores. Net revenues increased at a CAGR of 13.62% during the period FY 2015 to FY 2017 while PAT increased by 93.26% CAGR for the same period.

Commenting on the occasion, Mr. Arun Bhandari, Chairman &Managing Director, said that, “We are very delighted to close our anchor book successfully with marquee investors from both Domestic Institutions and FII’s. This is a great start for the IPO.

He further added that, “The funds raised from the IPO are going to give us growth capital required for expanding our capacities, adding new products and reducing finance cost”

AVG Logistics Ltd.

Sixth Sense India Opportunities II has subscribed to100% of Anchor Investment Portion of the AVG Logistics Ltd.-SME IPO

The issue size is Rs. 33.06Croreat Cap Price; Opens on 28^th March 2018 and Closes on 3^rd April2018 and proposed to get listed on Emerge Platform of National Stock Exchange of India Ltd.

The Company proposes to issue 30.90 Lakh equity shares at a price band of Rs. 105-107 per equity share with aminimum lot size of 1,200 equity shares.

Out of the total issue size, 5% is reserved for Market Maker and 50%, 35% and 15% of the Net Issue to the Public are reserved for QIBs, Retail and Non-Retail investors respectively.

The Company specializes in Logistics and Warehousing services and provides services to leading multinationals& Indian corporates

Systematix Corporate Services Ltd. is the Book Running Lead Manager

Sixth Sense India Opportunities II, promoted by Mr. Nikhil Vora has fully subscribed to Anchor Investment Portion of the SME IPO of AVG Logistics Ltd (“Company”). The fund has invested Rs. 9.41 crore, which accounts for 100% of the Anchor Investment Portion and 28.47% of the total issue size.

The Company is proposing to issue 30.90 Lakhs Equity Shares at price band of Rs. 105-107 per equity share with a minimum lot size is of 1,200 equity shares. The objects of the issue are for setting up warehousing facilities at Agartala & Mysuru and for working capital requirements.

The Companyis primarily into logistics and warehousing services. The Company has owned a fleet inclusive of 264 tucks, reefer containers, bulkers etc. and has 3.54 Lakh sq.ft. of warehousing space. In logistics segment, the Company provides point-to-point, less than/full truck load, time definite transportation services. In warehousing segment, the Companyprovides warehousing, distribution, and other value added services including temperature controlled logistics providing cold chain warehousing, transportation solutions and distribution of perishable goods and products.

Net revenues increased to Rs 194.7 Crore in FY17 as against Rs 192.2 crore in FY16. Top 5 clients include from the various industries such as FMCG, Auto, Pipe, Consumer Durables etc. During 6MFY18, the revenues stood at Rs 103.4 crore.

Revenues of the Company have grown at a CAGR of 14% over FY14 to FY17.EBITDA margin improved to 8.5% in FY17 from 8.3% in FY16. The margin further improved to 10% in 6MFY18. Profit after Tax (PAT) increased by 15.8% to Rs 4.4 crore in FY17. For 9MFY18, PAT stood at Rs 3.5 crore.

Commenting on the occasion, Mr. Sanjay Gupta, Managing Director& CEO, said that, “We are delighted to tap the market through SME IPO route, this will give us required growth capital to grow at better rates in the coming years to increase the volume of the business we are currently doing.

We have extensive network of 49 branches across 23 states and we are planning to expand its networks in more cities and also wants to add own fleet of vehicles and warehousing space to cater to more number of customers and routes.”

About the Company

AVG Logistics Ltd., incorporated in 2010 and promoted by Mr. Sanjay Gupta, specializes in transportation and warehousing services to select clients with PAN India distribution network and automated technology systems. The Company has owned a fleet of 264 tucks, reefer containers, bulkers etc. and 3.54 Lakh sq. ft. of warehousing space. The Company provides solutions to customers to leverage their distribution network which optimises the performance, cost and efficiency of their supply chains, thereby shortening their lead-time to market.Customers from the FMCG and Consumer Durables industry have been with the Company since inception. Over a period of 4-5 years, the Company has also added marquee clients from the various industry such as FMCG, Auto, Consumer Durables, Dairy etc.

Kerala Tourism organises a Partnership Meet in Kolkata

Kerala Tourism organises a Partnership Meet in Kolkata

Kerala shifts into high gear with a brand new tourism policy and an assorted fare of tourism products.

Responsible Tourism, which began modestly in the palm-fringed backwaters of Kumarakom in 2008 as an experiment, has today mushroomed and fleshed out as the motto of Kerala’s Tourism module. With a newly founded Responsible Tourism Mission and Kumarakom bagging the prestigious Responsible Tourism Award at the World Travel Mart, London, it is no wonder that the New Tourism Policy unveiled by Kerala focuses in depth at sustainable tourism initiatives. The policy also forms a major highlight of this year’s domestic campaign. The revamped fare with an array of new tourism products was showcased at Kolkata today.

                              
“To ensure the accomplishment of an ambitious target of a 100% increase in arrival of foreign tourists and 50% in domestic tourists in five years, a tourism regulatory authority has been formed. This would help put a stop to any unhealthy practices and guarantee better intervention of the Tourism Department through scrutiny and a licensing system,” said Shri. Kadakampally Surendran, Hon’ble Minister for Tourism, Govt. of Kerala.

Kerala, voted the Best Family Destination by Lonely Planet, the Best Leisure Destination by Conde Nast Traveller and winner of 6 National Tourism Awards in 2016, offers the much-needed succour and adrenaline rush to its adventure-seeking traveler. Kayaking, trekking, paragliding, river rafting are a few activities that form a part of the Eco-Adventure package.

And with the 5th edition of Kerala Blog Express, a unique social media outreach that brings together international bloggers and influencers just around the corner, Kerala is gearing up to welcome every kind of traveler. Kerala Blog Express starts on 18^th of March.

Scheduled in the later half of the year, is another major B2B event, the Kerala Travel Mart. KTM, India’s first Travel & Tourism mart that has over the years helped showcase Kerala to the world, brings the business fraternity and the entrepreneurs behind Kerala's unparalleled tourism products and services, on a single platform to network and develop business. The 10th edition of this 4 day event begins on 27th Sept, which is also celebrated as International Tourism Day.

New product focus

For art aficionados, the state endorses the dreamy lanes of Fort Kochi and a pilgrimage to the Kochi Muziris Biennale, which has changed the landscape of contemporary Indian art today and has helped make Kochi, the art capital of India.

For history buffs looking to transport themselves to another era, there is the Muziris Heritage Project. The remains of a once thriving port offering pepper, gold, silk and ivory, frequented by Arabs, Romans, Egyptians as early as the first century BC is today preserved across 25 museums as the largest heritage conservation project in India.

Another offering in the historical space is the Spice Route Project that rekindles the 2000-year old ancient sea links and shared cultural legacies with 30 countries. This UNESCO-backed endeavor has been designed to re-establish Kerala’s maritime associations with the countries on the Spice Route and to revive cultural, historical and archaeological exchanges between these countries.

The State has already registered a remarkable increase in international and domestic tourist arrivals during 2016. While international tourist arrivals to Kerala during the year 2016 was 10,38,419 - an increase of 6.25% over the previous year’s, the domestic tourist arrival was 1,31,72,535 and marked a 5.67% increase. The total revenue has also seen a whopping increase of 11.12% over the last year’s figure.

"Most foreign tourists flock to Kerala to experience its cultural heritage but what we are trying to showcase is the idea that our culture isn’t limited to performances on stage. It is ingrained in our way of life and the department is taking small but significant steps towards helping a traveller experience the richness of Kerala, be it our temple festivals, cuisine, rural crafts, folk forms or traditional and popular art forms," said Smt. Rani George, IAS, Secretary (Tourism), Govt of Kerala. 

To reach out to the domestic market, a string of Partnership Meets are being organized in Mumbai, Pune, Jaipur, Chandigarh, Bangalore, Hyderabad, Visakhapatnam, Chennai, Kolkata, Patna & New Delhi in the 1^st quarter of 2018. Partnership Meets like these provide an opportunity for the tourism Trade in the respective cities to interact, establish contact and develop business relationship with a cross section of tourism industry players from Kerala.

A combination of a cultural feast of Kerala’s traditional dance forms and its attractive tourism products was showcased at today’s Partnership Meet. Dhrisya Thalam, a visual feast that showcases the various dance forms of Kerala was presented alongside, to unveil the life and folklore of God’s Own Country.