Survival Technologies IPO

Indian-based Survival Technologies is a maker of specialty chemicals with an emphasis on contract research and manufacturing services (CRAMS). (Source: Report from CRISIL) As of March 31, 2022, they are one of the top CRAMS firms in India when it comes to the production of specific chemical products. Survival Technologies IPO will hit the stock market in April 2023.

About Survival Technologies

They supply specialty chemicals with a variety of uses, and many of the local products we sell are import alternatives to goods previously imported from China. (Source: CRISIL Report)

They are one of the few manufacturers of specialty chemicals in India, producing only a few products from the heterocyclic and fluoro organic product categories for both domestic and international markets.

They interact with clients at every stage of the product lifecycle, doing in-depth internal research to design products, create processes for usage on a large scale, and produce things in commercial quantities.

Over 500 of the 677 items they synthesised between April 1, 2007, and March 31, 2022 were commercially produced and sold to different customers throughout their export markets.

R&D

Their continued emphasis on R&D has been critical to the expansion of their operations as well as the reduction of their material consumption costs while maintaining their margins.

Because of their R&D capabilities and multiple manufacturing facilities, they have developed core competencies in a variety of chemistries in-house, including complex chemistries including heterocyclic chemistry, hydrazide chemistry, macrocyclic ethers, trifluoromethyalation, electrophilic and nucleophilic fluorination using various fluorination reagents.

Their in-house features in developing complex chemistries have facilitated them to develop a unique product portfolio that includes niche product groups which including heterocyclic and fluoro organic compounds, where they are the sole firm in India producing products such as 2-pyridyl tribromomethyl sulfone, 4-bromo benzene sulfonyl chloride, 5-bromo-2, 4-dichloro pyrimidine, cyclam, and tempo.

Production

They are also one of 12 manufacturers worldwide and the biggest domestic producer of ethyl-3 dimethylaminopropyl carbodiimide, as well as the only supplier of alpha tetralol in the world. They perform CRAMS for a variety of international & domestic businesses.

Their R&D team develops products in their R&D laboratories for companies based on specifications provided by customers, and they do not charge any expenses to clients, guaranteeing that proprietary information & technical know-how linked with the R&D remain with their Company.

They also do custom production for their clients using their existing product portfolio. They presume that their focus on identifying niche products with limited competition, co-development with their customers, and chemistry skills have resulted in their market leadership position across several products.

Survival Technologies IPO

Survival Technologies Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 1,000 Crore on 28 December 2022.

The offer includes a fresh issue of INR 200 Crore and there is offer for sale (OFS)  of INR 800 Crore by the promoters mentioned in the DRHP. They are looking for any Pre-IPO placement in this issue.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
	30-Jun-22	31-Mar-22	31-Mar-21	31-Mar-20
Total Assets	314.32	287.36	195.00	161.72
Total Revenue	103.51	321.67	284.36	200.20
Profit After Tax	24.88	73.46	56.32	19.05

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2020	2.21	2.21	3
Financial Year 2021	6.53	6.53	2
Financial Year 2022	8.52	8.52	1
Weighted Average	5.75	5.75
30 June 2022	2.88	2.88

Objects of the Issue

• Repayment/prepayment of debt.
• General corporate objectives and organic growth.

Basis of the offer

Survival Technologies limited feel that the following business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the Offer Price:

• Leading contract research and manufacturing service provider specialising in heterocyclic and fluoro product families.
• Continuous research and development has resulted in expertise in a variety of difficult chemistries.
• Diversified business model with strong obstacles to entry.
• Long-standing and well-established ties with a prestigious consumer base.
• Concentrate on producing high-quality items using contemporary infrastructure and a reliable supply chain.
• Proven track record of strong financial performance.

Survival Technologies Peer Comparison

S. No.	Face Value	Company Name	PE
1	2	Navin Fluorine International Limited	77.94
2	2	Alkyl Amines Chemical Limited	61.28
3	10	Aether Industries Limited	86.46
4	10	Neogen Chemicals Limited	65.82

1. All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2022, which can be found on the Stock Exchanges’ websites.
2. The P/E ratio is calculated by dividing the closing market price of equity shares on the BSE on December 26, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2022.

Survival Technologies IPO Details

IPO Opening Date	April 2023
IPO Closing Date	April 2023
Issue Type	Book Building
Face Value	2 per share
IPO Price	0 to 0 per equity share
Market Lot	–
Min Amount	–
Listing At	BSE, NSE
Issue Size	1,000 Crore
Fresh Issue	200 Crore
Offer for Sale	800 Crore

Survival Technologies IPO Date

Survival Technologies Limited IPO opening date is April 2023, and the closing date is April 2023. The Survival Technologies issue may list in April 2023.

IPO Opening Date	April 2023
IPO Closing Date	April 2023
Basis of Allotment Date	April 2023
Initiation of Refunds	April 2023
Credit of Shares to Demat Account	April 2023
IPO Listing Date	April 2023

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	50	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	35	Minimum 1 lot based on availability

Survival Technologies IPO Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Survival Technologies IPO.

Survival Technologies IPO GMP

Survival Technologies Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
April 2023
April 2023
April 2023
April 2023
April 2023
April 2023
April 2023
April 2023
April 2023
April 2023
April 2023
April 2023

Check Out the GMP of all Other IPOs

IPO Grey Market Premium

Survival Technologies Limited IPO Review

Survival Technologies Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Survival Technologies IPO is good or bad.

Survival Technologies IPO Risk

• The offer price, market capitalization to total revenue multiple, and price to earnings ratio depending on their Survival Technologies limited’s offer price may not be indicative of the equity share market price on listing.
• Any unforeseen, unanticipated, or extended disruption in their manufacturing processes could have a material and negative impact on their business, financial situation, cash flows, and results of operating.
• The Gujarat Pollution Control Board has already issued closure orders for their Units I and II in Ankleshwar, Gujarat, and Unit III in Sarigam, Gujarat, restricting manufacturing activity.
• Import restrictions on raw materials and a rise in shipping costs may have a negative impact on Survival Technologies limited’s business, financial position, cash flows, and results of operations.

Other Threats

1. Certain company records and other documentation are either untraceable or have inaccuracies.
2. Their company, promoters, and directors are all embroiled in legal matters. Any adverse judgement in such procedures could have a significant impact on their business, financial position, cash flows, and operating results.
3. One of their Joint Statutory Auditors & their Joint Statutory Auditors have included certain areas of emphasis in their auditors’ reports on their audited financial statements as of and for the fiscal years ended March 31, 2020, 2021, and 2022, respectively.
4. Their production facilities and research and development centres are located in the Indian states of Gujarat and Maharashtra. Any negative development impacting Gujarat, Maharashtra, or their surrounding areas may have a negative impact on their business.

Survival Technologies IPO Brokerage views

Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Survival Technologies IPO:

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Survival Technologies Limited IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
April 2023	1
April 2023	2
April 2023	3

Survival Technologies Limited Management

Survival Technologies limited have a seasoned management and mentorship team led by Vijaykumar Raghunandanprasad Agrawal, Chairman and Whole-time Director, who has over four decades of experience in the specialty chemicals sector and is actively engaged in essential aspects of their business, such as leading their R&D efforts.

Nimai Vijay Agrawal, their Managing Director and Chief Executive Officer, has over 17 years of expertise in the specialty chemicals sector and is responsible for business development initiatives and has been essential in the growth of their customer base.

Their skilled senior management team also has extensive industry knowledge and a track record of delivering growth and profitability. Their top management team is highly educated and has previously worked for the same business.

Survival Technologies Limited‘ Promoters

• Vijaykumar Raghunandanprasad Agrawal
• Nimai Vijay Agrawal

Principal Shareholders’s Holding

Pre Issue Share Holding	94.50%
Post Issue Share Holding

Survival Technologies Limited Prospectus