There are few new issues are going to hit the SME exchanges in the month of July 2017. One such issue is Captain Technocast Ltd. In this post, I shall discuss about the company and also try to find out the Captain Technocast Limited IPO review with an eye on the pros and cons of investing in the issue.

Captain Technocast Limited IPO Details:

• Issue opens: July 20th, 2017.
• Issue closes: July 24th, 2017.
• Offer price: Rs. 40 per equity share.
• Issue size: Rs. 5.70 crores.
• Minimum order quantity: 3000 equity shares.
• Listing at: BSE SME.

Captain Technocast Limited IPO Objective:

• Issue opens: July 20th, 2017.
• Issue closes: July 24th, 2017.
• Offer price: Rs. 40 per equity share.
• Issue size: Rs. 5.70 crores.
• Minimum order quantity: 3000 equity shares.
• Listing at: BSE SME.

About The Company Captain Technocast Ltd:

• The registered office of the company is at Survey # 257, Plot # 4, NH # 8B, Shapar (Veraval), Rajkot –
  360 002, Gujarat.
• The company started their operation on 20th July, 2010.
• The company has been converted to a public limited company on 8th April, 2017.
• The promoters of the company are: Shri Rameshbhai Devrajbhai Khichadia, Shri Gopal Devrajbhai Khichadia, Shri Anilbhai Vasantbhai Bhalu, Shri Shailesh Karshanbhai Bhut, Smt Komalben S Bhut, Shri Smit Vaghjibhai Bhalu and Shri Dharmesh Pansuriya.
• The company is engaged in manufacturing of metal casting.
• They supply to the automotive, defense as well as industrial sector.

As discussed above the company is involved in aerospace casting, industrial valves casting, defense casting, turbine blades casting, industrial process pumps casting, earth moving machinery casting, engineering and automation casting, fire fighting equipment casting, structural hardware casting and marine applications casting.

Company Financials:

The image above shows that the company has an uneven track record of profitability. The profits took a dip in FY 2016 but once again back in track in FY 2017.

Captain Technocast Limited IPO Review:
The companies average EPS is being calculated around Rs. 3.44, the P/E ratio is hovering around 11.62 and the NAV (net asset value) is around 13.87 per equity share. Considering the low P/E ratio as compared to the industry peers the Captain Technocast Limited Ipo review maintains a cautious BUY rating for medium to long term. But investors must use our last day IPO selection technique before applying into this issue.