Ticker > IPO > Upcoming IPO > Corrtech International Ltd.

Corrtech International Ltd. IPO

Corrtech International is one of the leading focused providers of pipeline laying solutions including hydrocarbon pipeline laying works in India. It manufactures precision components and provide products and services to the gas turbines and steam turbines operators along with services to the aerospace and defence sectors. It also manufactures equipment like conditioning skids, pressure vessels, material handling equipment and cathodic protection materials like sacrificial anode for connectivity of oil and gas networks through our other wholly owned subsidiary Control Plus Oil & Gas Solutions.

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DRHP
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Open Date

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Close Date

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IPO Details

Check out the issue details for Corrtech International Ltd. IPO as disclosed in SEBI.

Price Band

Not Issued

Issue Size

350 Cr.

Issue Type

Book Built

Open

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Close

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News

Corrtech International gets SEBI's go ahead to raise funds via IPO6 Jul, 12:54PM Corrtech International files DRHP with SEBI for IPO 24 Mar, 5:30PM

Company Financials

You can get the following financial statements of Corrtech International Ltd. as of now.

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Subscription Details

Corrtech International Ltd IPO Valuation

The approx valuation of Corrtech International IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs __
Existing Shares (Qty) 4.7 Cr
Fresh Issue 350 Cr
EPS (FY21) Rs 6.06

 

Corrtech International IPO Issue Size

Corrtech International IPO issue size is 350 Cr 

Issue Amount
Fresh Issue 350 Cr
Offer For Sale 0 Cr

 

Corrtech International IPO Market Lot

An Individual can apply for a minimum 1 lot of _ shares and a maximum of 13 lots of _ shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 _ Rs _
 Maximum 13 _ Rs _

 

Corrtech International IPO share offer

The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Maximum 50%
Non-Institutional Minimum 15%
Retail Individual Minimum 35%
Employees Not disclosed

 

Allotment Details

The details haven't been issued yet. Please visit this page later.

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 400.75 497.93 722.59 874.16 844.71
Total Expenditure 341.81 433.13 634.7 786.48 741.83
Operating Profit 58.95 64.8 87.89 87.67 102.88
Other Income 0.91 1.18 2.17 4.44 1.8
Interest 30.55 26.25 32.58 41.37 30.07
Depreciation 12.43 12.21 13.51 14.24 14.64
Exceptional Items 0 0 0 0 0
Profit Before Tax 16.88 27.52 43.97 36.5 59.98
Provision for Tax 1.66 6.2 13.86 10.3 21.53
Net Profit 15.22 21.32 30.11 26.21 38.44
Adjusted EPS (Rs.) 0.32 0.45 0.64 0.56 0.82

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 15.7 15.7 15.7 15.7 47.09
Total Reserves 41.08 62.4 92.52 121.71 128.49
Borrowings 148.65 136.32 162.55 86.59 56.45
Other N/C liabilities 11.39 10.75 42.64 17.56 28.76
Current liabilities 158.08 181.05 196.21 265.67 375.99
Total Liabilities 374.9 406.22 509.61 507.23 636.77
Assets
Net Block 120.7 121.18 119.78 113.47 121.41
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 11.51 11.52 11.52 11.51 11.5
Loans & Advances 0.61 0.8 35.11 8.89 34.68
Other N/C Assets 22.01 13.86 0 0 0
Current Assets 220.07 258.86 343.2 373.37 469.17
Total Assets 374.9 406.22 509.61 507.23 636.77
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 16.88 27.52 43.97 36.5 59.98
Adjustment 46.56 36.09 40.86 53.06 44.24
Changes in Assets & Liabilities -11.79 -19.47 -21.12 -29.06 -46.28
Tax Paid 0.56 4.41 -6.45 0.56 -9.84
Operating Cash Flow 55.31 40.95 57.26 61.07 48.1
Investing Cash Flow -5.72 -19.64 -33.58 13.19 -28.96
Financing Cash Flow -43.51 -29.92 -18.62 -63.37 -33.62
Net Cash Flow 6.09 -8.6 5.06 10.89 -14.48
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