Omnipotent Industries SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 16 Nov 2021 – 22 Nov 2021
- Listing date
- 29 Nov 2021
- Face value
- ₹10 per share
- Issue price
- ₹63 per share
- Lot size
- 2,000 shares
- Total issue size
- ₹18.90 Cr
- Market cap at offer price
- ₹38.12 Cr
- Promoter holding
- 56.23% → 28.35% pre-issue → post-issue
- ISIN
- INE0JFE01012
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Inventure Merchant Banker Services Pvt.Ltd.
- Registered office
- 1/11, Damji Nenshi Wadi, Station Road, Bhandup West, 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 | 1,52,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹63
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,26,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,52,000 |
| S-HNI (max) | 7 | 14,000 | ₹8,82,000 |
| B-HNI (min) | 8 | 16,000 | ₹10,08,000 |
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 | — | ₹38.12 Cr |
About Omnipotent Industries SME
Omnipotent Industries Limited, incorporated in 2016 and converted to public limited status in 2021, is engaged in the business of supplying bulk and packed bitumen as well as other bituminous products. The company sources products either through direct imports or purchases from third-party importers and sells to various distributors and corporates. It is ISO 9001:2015 and ISO 14001:2015 certified for import, trading and processing of petroleum & petrochemical products. Product offerings include bitumen 60/70 & 80/100, bitumen VG10, VG30, VG 40, bitumen emulsion, blown bitumen, micro surfacing bitumen and modified bitumen CRMB, PMB, NRMB. For the financial year ended March 31, 2021, the company generated revenue from operations of ₹10,074.22 lakhs.
Company Analysis
from RHPOmnipotent Industries Limited supplies bulk and packed bitumen and bituminous products through imports and trading to distributors and corporates in India.
Omnipotent Industries Limited, incorporated in 2016 and converted to public limited status in 2021, is engaged in the business of supplying bulk and packed bitumen as well as other bituminous products. The company sources products either through direct imports or purchases from third-party importers and sells to various distributors and corporates. It is ISO 9001:2015 and ISO 14001:2015 certified for import, trading and processing of petroleum & petrochemical products. Product offerings include bitumen 60/70 & 80/100, bitumen VG10, VG30, VG 40, bitumen emulsion, blown bitumen, micro surfacing bitumen and modified bitumen CRMB, PMB, NRMB. For the financial year ended March 31, 2021, the company generated revenue from operations of ₹10,074.22 lakhs.
Objects of the Issue
- Repayment of Loans ₹800.00 lakhs p.15
- Augmenting additional working capital requirements ₹667.37 lakhs p.15
- General Corporate Purposes ₹347.63 lakhs p.15
- Issue Related Expenses ₹75.00 lakhs p.15
- Funding capex for setting up the decanting plant at Gandhidham, Kutch, Gujarat p.64
Issue Structure
- Total Issue
- ₹1,890.00 lakhs
- Fresh Issue
- Public issue of 30,00,000 Equity Shares of face value of ₹10.00 each at a price of ₹63 per Equity Share aggregating to ₹1,890 lakhs
- Price Band
- ₹63.00 per Equity Share (Fixed Price Issue)
- Face Value
- ₹10.00 per Equity Share
Business Model
The company earns revenue through importing and trading of bitumen and bituminous products. It sources products either through direct imports or buys from third party importers and sells to various distributors as well as corporates.
Business Segments
SWOT Analysis
- • ISO certified operations in bitumen trading(p.14)
- • Diversified product portfolio(p.14)
- • Strong profitability and growth trajectory(p.14)
- • Established relationships with management and suppliers(p.19)
- • Focus on procurement, sales and customer service as core strength(p.66)
- • Cost-efficient business associations with importers, manufacturers, transporters and logistics partners(p.66)
- • Experienced management with 15 years of industry expertise(p.66)
- • In-house audit and documentation processes for faster operations(p.66)
- • ISO certifications for quality and environmental management(p.64)
- • Outstanding litigation against Managing Director(p.17)
- • High customer concentration risk(p.20)
- • High supplier concentration risk(p.20)
- • No long-term customer contracts(p.18)
- • Dependence on key personnel(p.19)
- • Conflict of interest with Promoter Group entities(p.18)
- • Rented premises without ownership(p.21)
- • Negative cash flows in past years(p.23)
- • High unsecured debt burden(p.23)
- • Trademark not registered(p.24)
- • High dependence on few major customers(p.119)
- • Very high dependence on few major suppliers(p.119)
- • Plant relocation from Panvel to Gandhidham may disrupt operations(p.64)
- • Litigation involving Managing Director regarding cheque bounce and housing finance default(p.120)
- • Limited number of employees creating execution risk(p.68)
- • Growing bitumen consumption in infrastructure projects(p.14)
- • Public listing benefits and market access(p.50)
- • Working capital expansion to support growth(p.51)
- • Debt reduction to improve financial position(p.50)
- • Expansion into UAE through wholly owned subsidiary(p.66)
- • Geographic expansion to underperforming markets(p.66)
- • Growing demand for bitumen due to massive highway construction(p.62)
- • Government infrastructure investment and policy support(p.63)
- • Entry into plastic polymers trading business(p.64)
- • Strong projected growth in crude oil and bitumen consumption(p.60)
- • Hazardous nature of bitumen product(p.18)
- • Regulatory and license compliance risks(p.18)
- • Intense market competition(p.19)
- • Seasonal and weather fluctuations(p.20)
- • Bitumen price volatility(p.20)
- • Third-party transportation dependency(p.21)
- • COVID-19 pandemic impact(p.19)
- • Macroeconomic downturn risk(p.24)
- • Regulatory and policy changes(p.25)
- • Natural disasters and force majeure events(p.25)
- • Global financial instability transmission(p.27)
- • Strong seasonality in bitumen demand due to monsoon(p.68)
- • Significant competition from domestic and international players(p.67)
- • Exposure to high crude oil import dependence and FX volatility(p.60)
- • Insurance cover may not be adequate against all material hazards(p.69)
- • COVID-19 pandemic causing lockdowns and business disruption(p.112)
- • Vulnerability to regulatory and policy changes(p.113)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Punit K. Popat | Promoter | 56.23% | 28.35% |
| Punit K. Popat | Promoter | 56.23% | — |
Leadership
Auto-extracted from the company's RHP 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 RHP before relying on it.