Exhicon Events Media Utilisation of IPO Funds, Thaai Casting Business Update And Order And Som Distilleries Trial Commencement

Exhicon Events Media Solutions Ltd.

Recent filing: (UTILISATION OF IPO FUNDS) Exhicon Events Media Solution has placed order to import 15,000 Sqm of Large Span Aluminium German Designed Hangars and other ancillary items for an aggregating consideration of \$7,26,000 (INR 6 Cr) from LIRI Architecture Technology (Guangdong) Co., Ltd out of the funds raised from Initial Public Offer.

SUMMARY: 3y Operating Profit uptrend | 1 semi-annual Operating Profit uptrend | PE 37.8x (Sector PE range 25-50) | Excellent Sep-23 results | Fund raise | Ace Investor | Institutional entry | MoUs | New business divisions | Acquisitions

  • MCap of INR 447 Crore (share price = INR 345 / share) (as on 27th Mar ‘24)
  • TTM PE 37.8x (as on 27th Mar ‘24) Retail float = 16.9% (Sep-23)

AREAS TO CONSIDER: Risk associated with expansion into new markets

What are the products and  services of Exhicon Events?

Exhicon is engaged in the business of providing a full range of products and services for exhibitions, conference and events industry. Some of its solutions include Media to Integrated Marketing Solutions, Temporary to Permanent Event Infrastructure and Management to Organizing events. It offers its product to various sectors including hospitality, Healthcare etc.

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Thaai Casting Ltd.

Recent filing: (BUSINESS UPDATE AND ORDER) Thaai Casting has received new work order of INR 12.7 Cr for the supply of Aluminum Casting Products from Nash Industries Private Limited. Total order book now stands at INR 233 Cr.

SUMMARY: 3y Operating Profit uptrend | PE 32.9x (Sector PE range 30-50) | Capacity expansion | Ace Investor | Large Order | IPO

  • MCap of INR 352 Crore (share price = INR 152 / share) (as on 27th Mar ‘24)
  • TTM PE 32.9x (as on 27th Mar ‘24) Retail float = NA

AREAS TO CONSIDER: Tamil Nadu contributes to 85% of revenues (7mFY24) | No firm commitment long-term supply agreements with customers

What are the products and  services of Thaai Casting?

Company specializes in High-Pressure Die Casting, as well as the precision machining of both Ferrous and Non-Ferrous materials and induction heating and quenching. Company Business model is based on B2B approach, catering to leading entities in the automotive component sector.

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Som Distilleries & Breweries Ltd.

Recent filing: (TRIAL COMMENCEMENT) Som Distilleries & Breweries subsidiary named Woodpecker Distilleries announced that with the help of recent infusion of equity, its expansion project at Hassan has been fast-tracked allowing it to commence trial production well in time to leverage the peak beer consumption season. It is commencing trial runs on 30th March 2024.

SUMMARY: 3y Operating Profit uptrend | PE 26.2x (Sector PE range 30-70) | Excellent Dec-23 results | Promoter buying | Fund raise | Capacity expansion | Geographical expansion | Consumption

  • MCap of INR 2,162 Crore (share price = INR 279 / share) (as on 27th Mar ‘24)
  • TTM PE 26.2x (as on 27th Mar ‘24) Retail float = 25.3% (Dec-23)

AREAS TO CONSIDER: IT Dept. raided multiple premises in election-bound MP and Chhattisgarh. It has also raided the house of Som Group owner Jagdish Arora (Nov ’23) | QIP cancelled in Oct ‘23

What are the products and services of Som Distilleries & Breweries?

Som Group has its portfolio of brands across the spectrum of Spirits, Beer, Alcopop. SOM’s flagship brand Hunter is a forerunner in the strong beer category.

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