HEM securities report on Sysco Industries IPOCompany is engaged in manufacturing of wide range of metalized film,coated film,metalic yarn, imitation jari badla & printed laminate for flexible packaging etc.Company have its manufacturing facility located at Kim on the outskirts of Surat city in a total area of approx 15156 sq mt with an annual capacity of 9240 MT pa for films & 3600 MT pa for flexible packaging. Company sells its varied range ofproducts under the brand "Sysco".Co also deals in SS Rolls/patta patti.Co's Promoter Directors, Mr Bharatbhushan Jain, Mr Sourabh Jain & Mr Sidharth Jain cumulatively have 60 yeras experience in field of manufacturing of films & its related products Co's products are supplied to entities engaged in Textile, Pharma,FMCG & Food Sector.Objects of Issue: To meet working capital requirements worth of Rs 175.50Lakhs. To meet issue expenses worth of Rs 41.5 lakhsValuationThe company is bringing the issue at price of Rs 10 per share which will get convert into p/e multiple of 2.16 on post issue eps of Rs 4.63 per share. The only negative in this issue is promoter pledging of shares which is almost 10.91 % of total post issue share capital & 16% of post issue promoter holding of the company. However looking after strong financial performance & reasonablevaluations we recommend investors to Subscribe the issue.For all IPO stories, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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