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Corrtech International IPO
The IPO from Corrtech International IPO consists of fresh issues worth Rs 350 crores and an offer for sale of 4 crore equity shares from existing shareholders. The company is a leader in the pipeline laying domain, including hydrocarbon pipeline laying in India.
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Listing at NSE, BSE
Corrtech International IPO Important Dates
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
About Corrtech International
CEL manufactures precision components and provides products and services to gas and steam turbine operators, aerospace, and defense sectors. They are one of the leading players in pipeline laying, including the hydrocarbon pipeline laying segment.
The company shifted to the pipeline laying business in 2002 and has spread 3,500 km of pipelines across various topographies in thirteen states. They have specialised in Horizontal Directional Drilling (HDD) and Cathodic Protection Solutions (CPS).
Corrtech International IPO Objectives
• CEL proposed in the DRHP to utilise the net proceeds in purchasing equipment and meet incremental capital requirements.
• The proceeds from new equity sales will be used to redeem debentures and prepay and repay certain market borrowings.
Why should you invest in the Corrtech International IPO?
- The company offers services to several key players in the Indian Oil and Gas companies and forged long-standing relationships with clients.
- CEL has completed several large-scale projects and has built abilities through a large equipment base, technical qualification and experienced employee base to undertake projects of any size.
- The company has a large order book. On December 31, 2021, they had an order book of Rs 240 crore.
Financial Highlights
| Particulars (in Rs. Crores) | For the year/period ended (₹ in million) | FY 21 | FY 20 | FY 19 |
|---|---|---|---|
| Revenue From Operation | 9,909.31 | 7,782.19 | 5,607.33 |
| EBITDA | 956.21 | 978.69 | 741.07 |
| EBITDA Margin (%) | |||
| Profit After Tax | 285.55 | 349.49 | 244.71 |
| EPS | 6.06 | 7.42 | 5.19 |
| ROE | |||
How to apply for Corrtech International IPO?
There are two ways by which investors can choose to start trading. One is through UPI, and the other is with the help of a Demat account. The processes are discussed below:
UPI
- Link your bank to a UPI id
- Register your UPI id with your Demat account
- Subscribe for Corrtech International IPO and approve the payment on your UPI
Demat Account
- If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.
Corrtech International Noteworthy Highlights:
- The company has experience of thirty-nine years, including twenty years of experience in the pipeline laying segment.
- Their manufacturing business caters to diverse industry segments, including energy, defense, and general manufacturing.
- The company's strong financial track record and solid order book value are a plus.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| CEL has experience catering to diverse industry segments like oil and gas, aerospace, defense, and more. | Any pandemic and lockdown situations in the future might hurt the company's future cash flow. |
| CEL owns, operates, and maintains a large fleet of equipment to cater to diverse industry clients. | Revenue comes from a limited number of clients, primarily from the oil and gas segment. |
| They prepare to enter the water pipeline business focusing on micro tunneling. | The existing order book isn't a guarantee of future profit as they might get canceled, modified or delayed. |
Competitive Analysis: Market Peers
CEL continues to face challenges from listed players in the organised sector. We provide you with a competitive analysis of its peers.
| Company | P/E | EPS |
|---|---|---|
| Likhitha Infrastructure Ltd. | 17.05 | 17.69 |
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