DJ Mediaprint SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 26 Mar 2020 – 31 Mar 2020
- Listing date
- 13 Apr 2020
- Face value
- ₹10 per share
- Issue price
- ₹20 per share
- Lot size
- 6,000 shares
- Total issue size
- ₹2.40 Cr
- Market cap at offer price
- ₹8.43 Cr
- Promoter holding
- 99.42% → 71.11% pre-issue → post-issue
- ISIN
- INE0B1K01014
- Registrar
- Purva Sharegistry (India) Pvt.Ltd.
- Lead managers
- Finshore Management Services Ltd.
- Registered office
- 24, 1st Floor, Palkhiwala House,, Tara Manzil,, 1st Dhobi Talao Lane,, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 60,000 | — | — |
Application size
Minimum 6,000 shares per lot, in multiples, at ₹20
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 6,000 | ₹1,20,000 |
| S-HNI (min) | 2 | 12,000 | ₹2,40,000 |
| S-HNI (max) | 8 | 48,000 | ₹9,60,000 |
| B-HNI (min) | 9 | 54,000 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| Market cap | — | ₹8.43 Cr |
About DJ Mediaprint SME
Incorporated in 2009, DJ Mediaprint & Logistics Limited provides integrated printing, logistics, and courier solutions with well-networked transport operations, quality standards, and processes. The company offers bulk mailing, speed post, records management, manpower supply, return of post management, bulk scanning, moving, and newspaper print advertising services. It operates offices across Mumbai, Navi Mumbai, Bhiwandi (Thane), Delhi, and Goa, and processes an estimated 40-50 lakh articles per month. The company serves a diverse customer base including banking, airlines, shipping, logistics, education, finance, lottery, healthcare, insurance, manufacturing, retail, stockbroking, telecom, and utilities sectors. Notable clients include LIC, Bharti Axa, Citi Bank, State Bank of India, Infosys, Wipro, and Britannia.
Company Analysis
from DRHPDJ Mediaprint & Logistics Limited is a provider of integrated printing, logistics, courier, bulk mailing, records management, and related services in India and overseas.
Incorporated in 2009, DJ Mediaprint & Logistics Limited provides integrated printing, logistics, and courier solutions with well-networked transport operations, quality standards, and processes. The company offers bulk mailing, speed post, records management, manpower supply, return of post management, bulk scanning, moving, and newspaper print advertising services. It operates offices across Mumbai, Navi Mumbai, Bhiwandi (Thane), Delhi, and Goa, and processes an estimated 40-50 lakh articles per month. The company serves a diverse customer base including banking, airlines, shipping, logistics, education, finance, lottery, healthcare, insurance, manufacturing, retail, stockbroking, telecom, and utilities sectors. Notable clients include LIC, Bharti Axa, Citi Bank, State Bank of India, Infosys, Wipro, and Britannia.
Objects of the Issue
- To Meet working capital requirement ₹190.00 Lakhs p.15
- Public issue expenses ₹35.00 Lakhs p.15
- General corporate purpose ₹15.00 Lakhs p.15
- To meet the working capital requirements of the company ₹190.00 Lakhs p.51
- To meet the Issue Expenses ₹35.00 Lakhs p.51
- General Corporate Purposes ₹15.00 Lakhs p.51
Issue Structure
- Total Issue
- ₹240.00 Lakhs
- Fresh Issue
- ₹240.00 Lakhs (12,00,000 Equity Shares of face value of ₹10/- each at ₹20/- per share)
- Price Band
- ₹20/- per Equity Share (Fixed Price Issue)
- Lot Size
- 6,000 Equity Shares (Minimum)
- Face Value
- ₹10/- per Equity Share
Business Model
DJ Mediaprint & Logistics earns revenue through provision of integrated printing, logistics, and courier services. The company executes short-term and long-term contracts for printing and dispatch of credit card statements, letters, annual reports, and ancillary services; storage and management of records; digital franking machine services; and bulk mailing and courier services.
Business Segments
SWOT Analysis
- • Integrated service offering across printing, logistics, and courier services(p.14)
- • High processing capacity meeting diverse customer segments(p.14)
- • Diverse blue-chip customer base across sectors(p.14)
- • Established presence across multiple Indian locations(p.14)
- • Established track record and organizational stability(p.76)
- • Long-standing customer relationships and repeat business(p.76)
- • Qualified and experienced management team(p.76)
- • ISO certifications and quality standards(p.76)
- • Significant processing capacity(p.66)
- • Integrated print-to-post service offering under one roof(p.99)
- • Established client base of over 1,000 customers(p.94)
- • ISO 9001:2015 and ISO 27001:2013 certifications(p.94)
- • Experienced management with 20+ years of industry expertise(p.99)
- • Multiple service lines and business segments(p.94)
- • Strong revenue growth trajectory(p.145)
- • ISO 9001:2015 and ISO 27001:2013 certifications demonstrating quality and information security management(p.155)
- • CRISIL MSE 3 rating indicating credit quality(p.155)
- • IBA approval for security printing of MICR instruments for Member Banks(p.155)
- • Positive net-worth of ₹372.41 Lakhs as of 31/12/2019(p.156)
- • Track record exceeding 3 years with positive cash accruals from operations(p.156)
- • Ongoing litigation against company, promoters, and directors with quantifiable financial exposure(p.18)
- • Dependence on short-term contracts with customers(p.20)
- • No long-term agreements with raw material suppliers; exposure to price volatility(p.21)
- • Reliance on third-party logistics providers with no formal long-term arrangements(p.19)
- • All business premises taken on rental basis; no owned property(p.20)
- • Negative cash flows in certain financial years(p.21)
- • Business concentration risk dependent on key clients(p.20)
- • Trademark not yet registered; no intellectual property protection(p.22)
- • Group company has not updated Object Clause despite business activity change(p.20)
- • Limited market reach relative to business potential(p.76)
- • High working capital intensity(p.51)
- • Dependence on suppliers and fragmented competitive landscape(p.76)
- • Weak working capital management(p.76)
- • Significant dependence on limited customer base(p.143)
- • High financial leverage and debt burden(p.137)
- • Potential tax liabilities pending with authorities(p.149)
- • Management litigation with tax authorities(p.150)
- • Concentration of shareholding with promoter(p.101)
- • High finance costs relative to operations(p.145)
- • Outstanding dues to MSME creditors of ₹42,583 with incomplete documentation(p.153)
- • High outstanding dues to creditors other than MSME of ₹6,02,22,662(p.153)
- • Government Purchase Enlistment Certificate expiring March 13, 2020(p.155)
- • Trademark logo registration still under process, not yet approved(p.155)
- • Expanding paper and printing industry in India with growing demand(p.14)
- • Strong growth in print machinery production and market expansion(p.14)
- • Records management and document storage services expansion(p.20)
- • Growing employment in paper industry supporting business expansion(p.14)
- • Growing demand for printing and logistics services(p.63)
- • Expansion into new geographical areas(p.76)
- • Shift toward paperless operations creating outsourcing opportunities(p.76)
- • Forecasted growth in paper consumption(p.63)
- • Strong growth trajectory in packaging and print sectors(p.64)
- • Expansion into new geographic markets(p.99)
- • Growth in emerging service verticals(p.94)
- • Increasing demand for integrated document management solutions(p.99)
- • Potential for digital transformation and technology adoption(p.94)
- • Expansion through government procurement programs(p.94)
- • SME platform listing provides pathway for future migration to main board(p.170)
- • Compulsory market making for three years post-listing ensures liquidity(p.170)
- • Access to capital markets through IPO to fund business expansion(p.171)
- • Highly competitive and fragmented printing and logistics industry(p.19)
- • Government digitization and paperless initiatives threaten traditional business(p.21)
- • Vulnerability to raw material price and transportation cost fluctuations(p.21)
- • Dependency on government regulations and licenses for operations(p.19)
- • Labor-intensive operations exposed to strikes and wage pressures(p.20)
- • Power and water supply disruptions affecting production(p.19)
- • Risk from machinery breakdowns and technology infrastructure failures(p.19)
- • Vulnerability to changes in taxation and financial policies(p.27)
- • Competition from large organized players with greater resources(p.77)
- • Rising labor costs(p.76)
- • Government policy changes(p.76)
- • Margin compression from competitive pressures(p.76)
- • Low barriers to entry enabling new competition(p.77)
- • Digitalization reducing demand for traditional printing and mailing services(p.143)
- • Intense competition from established players(p.143)
- • Economic sensitivity of document management and printing sectors(p.143)
- • Regulatory and policy changes affecting operations(p.143)
- • Political instability impacting business continuity(p.143)
- • Risk of natural or man-made disruptions(p.143)
- • Minimum allottee requirement of 50 shareholders could prevent listing if not met(p.169)
- • Dependence on single market maker for liquidity over three-year period(p.170)
- • Regulatory changes in SEBI (ICDR) Regulations could impact capital structure and operations(p.166)
- • Limited trading liquidity due to minimum trading lot of 6,000 shares(p.169)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Dinesh Muddu Kotian | Promoter | 98.43% | 70.40% |
| Santhosh Muddu Kotian | Promoter | 0.99% | 0.71% |
| Dinesh Muddu Kotian | Promoter | 98.43% | 70.40% |
| Santhosh Muddu Kotian | Promoter | 0.99% | 0.71% |
| Mr. Dinesh Muddu Kotian | Founder Promoter | 98.43% | 70.40% |
| Mr. Santhosh Muddu Kotian | Founder Promoter | 0.99% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.