Mumbai 3rd March, 2018:Uniinfo Telecom Services Ltd.leading player in high quality end to end services to address network life cycle requirements of Telecom Industry and consultation for better network performance in multi-technologies like 2G, 3G, LTE, CDMA &Wimax,to raise Rs. 15.59crore through SME IPO, which is going to open during the week starting from 5th March, 2018 till 7th March 2018. The company is going to get listed on NSE Emerge.
Uniinfo is going to issue 28.34 lakhs shares at issue price of Rs. 55 per share (fixed price basis) and the minimum lot size is at 2000 shares. The public issue will result in 26.5% dilution of promoters’ stake in the company. The objective of the issue is to use the proceeds mainly for working capital purpose and repayment of debt, which will further increase the profitability of the company.
Uniinfo’s management has more than 20 years of experience in the telecom &ITeSsegment.
During FY17, revenues from operations increased by 98% to Rs 27.87 crore. Profit after Tax (PAT) increased by 3.7 times to Rs1.08 crore in FY17. For H1FY18, revenues from operations stood at Rs 16.92 crore and PAT stood at Rs 2.16 crore. OEM’s contributed 78.85% of the total income for FY17 and 82.98% for the first half of FY18.
The company’s revenues grew at a CAGR of 165% during FY15 to FY 17, EBIDTA margin expanded by 770 bps during the same period to 17%, the return ratios like ROE & ROCE for FY17 was at 18.6% and 22.9%.
Indian telecom sector’s revenue grew at a CAGR of 7.31 per cent from US$ 19.6 billion in FY06 to US$ 42.6 billion in FY17. During Q1 FY18, gross revenues of telecom sector in India reached US$ 9.9 billion. Revenues from the telecom equipment are expected to grow to US$ 26.38 billion by 2020. With a subscriber base of nearly 1,206.71 million, as of September 2017,
India accounted for the 2nd largest telecom network in the world. With 431.21 million internet subscribers, as of June 2017, India stands 2nd highest in terms of total internet users. Mobile based Internet is a key component of Indian Internet usage, with 7 out of 8 users accessing internet from their mobile phones.
Commenting on the occasion Mr. Kishore Bhuradia, Chairman and Managing Director said that, “We are delighted to tap the market through SME IPO route, this will give us required growth capital to grow at better rates in the coming years to come and increase the volume of the business we are currently doing. As some of the proceeds from IPO is going to use for repayment of debt and remaining for working capital purpose, our finance costs will come down, which should boost our profitability.”
About the company
Uniinfo is promoted by Mr. Kishore Bhuradia, Mr. PranayParwal and Mr. Anil Kumar Jain. Uniinfo provides services to telecom industry players ranging from telecom equipment manufacturers (OEM’s) to telecom operators. They offer support services and solutions to address the Network Life Cycle requirements of Telecom industry. Over the years, they have been successfully implementing various projects and have been recognized by their clients for quality and timely execution of the projects undertaken. They provide services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, In Building Solutions and WiFi and Managed Services for network maintenance. Their strong technical background enables them to effectively carry out end-to-end services thereby covering the entire Network Roll out map.
