The Add-Shop Promotions date has been confirmed from August 21, 2018 and ended on August 30, 2018.
Add-Shop Promotions Developers IPO is a fixed price issue of Rs 6.23 crores. The price is ₹26 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹104,000.
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Bidding Dates
August 21-30
Price Range
₹26 per share
Face Value
₹10 per share
GMP
₹31.22
Add-Shop Promotions IPO GMP
The Add-Shop Promotions IPO GMP is ₹31.22.
IPO Overview
Add-Shop Promotions’ IPO is a fixed-price offering of Rs 6.23 crore. Add-Shop Promotions’ IPO bidding began on August 21, 2018 and closed on August 30, 2018. The allotment for the Add-Shop Promotions IPO was finalised on Wednesday, September 5, 2018. The shares were listed on the BSE SME on September 10, 2018. Add-Shop Promotions’ IPO price is ₹26 per share.
The minimum lot size for an application is 4000 shares. The minimum investment for retail investors is ₹104,000. The restated profit/loss after tax for the three months ending June 2018 and the financial years 2018, 2017, and 2016 were Rs. 16.37 lakhs, Rs. 22.96 lakhs, 14.69 lakhs, and Rs. (0.38) lakhs, respectively. The company’s payroll includes 16 regular employees.
Add-Shop Promotions IPO Details
| IPO Date | August 21, 2018 to August 30, 2018 |
| Listing Date | September 10, 2018 |
| Face Value | ₹10 per share |
| Price | ₹26 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,396,000 shares (aggregating up to ₹6.23 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 132,000 shares |
Add-Shop Promotions Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-June-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 806.69 | 757.72 | 83.85 | 41.58 | 1.00 | 1.00 |
| Total Revenue | 384.41 | 1,254.90 | 455.41 | 192.67 | — | — |
| Profit After Tax | 16.37 | 22.96 | 14.69 | (0.38) | — | — |
Add-Shop Promotions IPO Timeline
| IPO Open Date | Tuesday, August 21, 2018 |
| IPO Close Date | Thursday, August 30, 2018 |
| Basis of Allotment | Wednesday, September 5, 2018 |
| Initiation of Refunds | Thursday, September 6, 2018 |
| Credit of Shares to Demat | Friday, September 7, 2018 |
| Listing Date | Monday, September 10, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 30, 2018 |
Company Profile
Add-Shop Promotions Limited, founded in 2013, is a Gujarat-based company that markets and distributes ayurvedic, food supplements, agricultural products, animal feed supplements, and personal care items under the brand name “Add-Shop Promotions”. The company sells products made by certain manufacturers under its brand to retailers and distributors. It sources finished products from certified producers and markets them through a network of middlemen and sales agents. Add-shop has partnered with Marss Herbal (India), a manufacturer of
herbal and natural-use items. The company sells its manufactured products under the “ADD-Shop” name. To expand significant markets, Add-shop has signed agreements with different collecting and forwarding agents (C&Fs), including Panchlingeshwara Enterprises in Karnataka, Just Need United Trading in Maharashtra, and Good Life Enterprises in Telangana. The Company’s total revenue as restated for the three months ended June 2018 and the fiscal years 2018, 2017, and 2016 was Rs.381.41 lakhs, Rs.1254.90 lakhs, Rs.455.41 lakhs, and Rs.192.67 lakhs.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | cameo@cameoindia.com |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Add-Shop Promotions Limited |
| Phone number | 0281-2580499 |
| Email ID | investor@addshop.co |
| Website | addshop.co |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
