Question 1: What is the Overview of the Company?

Virtual Galaxy Infotech Ltd is a technology-driven company primarily engaged in providing software solutions and IT services. Established in 1997 and headquartered in Nagpur, Maharashtra, the company specializes in developing and delivering core banking software, enterprise resource planning (ERP) systems, and custom software products for clients in the BFSI (Banking, Financial Services, and Insurance), ERP, and e-governance sectors.

The company offers end-to-end software solutions covering product development, implementation, integration, and post-deployment support. Its core product suite includes E-Banker, a modular banking software platform offered both as an on-premise solution and via a Software-as-a-Service (SaaS) model. This flexibility allows clients such as cooperative banks, NBFCs, and credit societies to adapt the software to their unique operational needs.

In addition to its proprietary products, Virtual Galaxy Infotech also provides services in digital transformation, IT consultancy, and managed services, positioning itself as a comprehensive tech partner for organizations seeking to modernize their technology infrastructure. The company’s strategic focus lies in innovation, product scalability, and catering to the digital evolution of financial and government institutions.

Product/Service wise Revenue Bifurcation:

Orderbook:

Govt. v/s Non-Govt. Revenue Bifurcation:

Industry wise Revenue Bifurcation:

Question 2: Who are the promoters of the Company?

1. Avinash Narayanrao Shende

• Role: Managing Director
• Responsibilities: Oversees the company’s strategic direction, product innovation, and client relationships, particularly in the banking and ERP sectors.
• Background: Possesses extensive experience in IT services and software development, with a focus on core banking and enterprise solutions.LinkedIn

2. Sachin Purushottam Pande

• Role: Executive Director
• Responsibilities: Manages operational execution, project delivery, and the development of customized software solutions across various sectors, including BFSI and e-governance.
• Background: Brings a strong technical background and leadership experience in software development and IT consulting.

Both promoters have played pivotal roles in steering Virtual Galaxy Infotech Ltd. towards becoming a comprehensive provider of IT solutions, with a diverse portfolio that includes core banking software, ERP systems, and customized applications for various industries.

Question 3: How Company performed in the past?

Question 4: How much money is the company raising and why?

In the IPO, the company is Offering 65.7 Lakh shares, priced at INR 135-142 per share, aggregating to total of INR 93.29 Cr.

with a lot size of 1000 shares. the Purpose of:

Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra – INR 34.26 Cr

Repayment of borrowings – INR 3 Cr

Investment in procuring GPU, server & storage system at Data Centre – INR 5.05 Cr

Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower hiring – INR 18.9 Cr

Funding for Business development and marketing activities – INR 14.06 Cr

General Corporate Purposes

Question 5: Valuation of the Company and comparison with other companies

Strengths

1. Established Industry Presence
   Operating since 1997, the company has built long-standing relationships in the BFSI and government tech space.
2. Diversified Product Portfolio
   Offers a range of software solutions including core banking, ERP, and custom software, catering to multiple sectors like BFSI, ERP, and e-governance.
3. SaaS-Based Model
   The availability of flagship products like E-Banker in a SaaS model provides scalability, recurring revenues, and ease of deployment for clients.
4. End-to-End IT Solutions
   The company manages the complete lifecycle from software development to implementation and support, offering a one-stop solution to clients.
5. Expansion Plans
   Focused on technology infrastructure and product enhancement, which positions it for future growth and competitiveness.

Weaknesses

1. Sectoral Concentration
   Heavy reliance on BFSI and government sectors exposes the company to risks related to policy changes or reduced IT spending in these domains.
2. High Competition
   Operates in a crowded software and IT services market, facing competition from both large IT companies and agile startups.
3. Technology Dependency
   As a tech company, staying updated with rapidly changing technologies is crucial. Lag in adopting innovations could affect its relevance.
4. Client Concentration Risk
   Dependence on a few large clients could impact revenue stability if any major client relationship ends.
5. SME Listing Risks
   As an SME IPO on NSE, it may have limited liquidity and lower visibility among institutional investors post-listing.

IPO Registrar – Virtual Galaxy Infotech Ltd

Maashitla Securities Private Limited

• Phone: +91-11-45121795-96
• Email: ipo@maashitla.com
• Website: https://maashitla.com/allotment-status/public-issues

Lead Manager (Merchant Banker)

Smart Horizon Capital Advisors Private Limited

Corporate Office – Virtual Galaxy Infotech Ltd

3, Central Excise Colony,
Behind Mahatme Eye Bank, Chhatrapati Square,
Ring Road, Nagpur, Maharashtra

• Phone: +91 9226531342
• Email: investors@vgipl.in
• Website: www.vgipl.com

Frequently Asked Questions (FAQs)

1. What is the Virtual Galaxy Infotech IPO?

Virtual Galaxy Infotech Ltd is launching its Initial Public Offering (IPO) to raise funds for business expansion, working capital, and general corporate purposes. The company provides IT and software solutions, especially in the BFSI and e-governance sectors.

2. What are the IPO opening and closing dates?

The IPO opens on May 10, 2025, and closes on May 14, 2025.

3. What is the price band for the IPO?

The IPO is priced at ₹55 per share.

4. What is the lot size for the Virtual Galaxy Infotech IPO?

Investors can apply in a lot size of 2,000 shares.

5. On which exchange will the shares be listed?

The shares will be listed on the NSE SME platform.

6. Who are the lead managers for the IPO?

The IPO is managed by Smart Horizon Capital Advisors Private Limited.

7. Who is the registrar of the IPO?

The registrar is Maashitla Securities Private Limited.

8. What is the minimum investment required?

Based on the lot size and price, the minimum investment is ₹110,000 (₹55 x 2,000 shares).

9. How can I apply for the IPO?

You can apply for the IPO via your broker or through online platforms using the UPI or ASBA (Application Supported by Blocked Amount) facility.

10. Where can I check the IPO allotment status?

You can check the allotment status on the registrar’s website:
👉 https://maashitla.com/allotment-status/public-issues

Question 1: What is the overview of the Company ?

​Srigee DLM Ltd., established in 2005 and headquartered in Greater Noida, Uttar Pradesh, is a design-led manufacturing company specializing in plastic injection molding and polymer compounding. Over the years, the company has evolved into a comprehensive manufacturing solutions provider, catering to various industries including electronics, automotive, and home appliances.​

Core Business Activities:

• Plastic Injection Molding: Srigee DLM offers precision plastic injection molding services, producing complex, high-quality plastic components. The company has expanded its capabilities to serve multiple multinational corporations (MNCs) in the electronics and electrical sectors. ​
• Assembly Lines: The company operates robust assembly lines for electrical appliances and consumer electronics, including mobile phones and remote controls. This vertical integration allows Srigee DLM to provide end-to-end manufacturing solutions. ​
• Polymer Compounding and Trading: Srigee DLM engages in advanced polymer compounding, offering custom-engineered solutions to meet diverse industry requirements. Additionally, the company trades high-quality polymers, ensuring reliable sourcing for clients’ manufacturing needs. ​
• Tooling Services: Through its in-house tool room, Srigee DLM provides precision mold designing, prototyping, and maintenance services, delivering tooling solutions for various industries. ​

Clientele:

Srigee DLM has established long-term relationships with prominent clients such as Symphony Limited in the home appliances sector, Starion in electronics, and Dipty Lal Judge Mal Private Limited (DLJM) in automotive components. In the field of polymer compounding and trading, clients include Syntyche Tradex Enterprises (OPC) Pvt. Ltd.

Operational Footprint:

The company operates two manufacturing units located in Greater Noida:​

• Unit 1: D–20, Site–C, UPSIDC Surajpur Industrial Area​
• Unit 2: Plot No. 39 & 40, Ecotech 2, Udyog Vihar Extension​

These facilities support Srigee DLM’s integrated manufacturing processes, from polymer compounding to final product assembly. ​

With a commitment to quality, timely delivery, and cost efficiency, Srigee DLM continues to be a reliable supplier in the OEM industry, consistently meeting and exceeding client expectations.

Segment wise Revenue Bifurcation:

Geographywise Revenue Bifurcation:

Top 5 Customers for 9 Month ended December,2024

Installed Capacity and Capacity Utilization:

Question 2: Who are the promoters of the Company?

1. Mr. Shashi Kant Singh

Role: Managing Director
Appointment Date: December 20, 2005
Professional Background: Mr. Singh has been at the helm of Srigee DLM since its inception in 2005. Under his leadership, the company has transformed from a modest operation into a fully integrated leader in plastic injection molding, mastering custom polymer compounds and precision mold design. ​

2. Mrs. Suchitra Singh

Roles: Whole-Time Director and Chief Financial Officer (CFO)
Appointment Date: September 25, 2023
Professional Background: Mrs. Singh plays a pivotal role in overseeing the financial operations of Srigee DLM. Her responsibilities encompass financial planning, risk management, and ensuring the company’s financial health aligns with its strategic objectives. ​

3. Mr. Suresh Kumar Singh

Role: Whole-Time Director
Appointment Date: September 25, 2023
Professional Background: Mr. Singh brings extensive experience from the sugar industry, having served as Managing Director for several state-run sugar corporations in Uttar Pradesh. His expertise in large-scale operations and governance contributes significantly to Srigee DLM’s strategic direction. ​

4. Mr. Randhir Singh

Role: Chairman and Non-Executive Director
Appointment Date: March 25, 2010
Professional Background: As Chairman, Mr. Singh provides strategic oversight and guidance to the board, ensuring that the company’s long-term vision and governance standards are upheld. ​

5. Mr. Mukti Chowdhary

Role: Non-Executive Independent Director
Appointment Date: September 25, 2023
Professional Background: Mr. Chowdhary serves as the Chairman of the Audit Committee and the Nomination and Remuneration Committee. His independent oversight ensures transparency and accountability in the company’s financial and governance practices. ​

6. Mr. Navin Chandra

Role: Non-Executive Independent Director
Appointment Date: September 25, 2023
Professional Background: Mr. Chandra contributes to the Audit Committee and the Nomination and Remuneration Committee, bringing an independent perspective to the company’s governance and strategic decisions. ​

Question 3: How company performed in the past ?

Question 4: How much money is the company raising and why?

In the IPO, the company is offering 17.14 Lakh shares, priced at INR 94-99 per share, aggregating to total of INR 16.98 Cr, with a lot size of 1200 shares. For the purpose of:

To meet capital expenditure requirements:

1 .To set up a manufacturing facility at greater Noida, Uttar Pradesh – INR 5.42 Cr

2. Purchase of machinery – INR 9.51 Cr

General Corporate Purpose – INR 2.05 Cr

Question 5: How much money is the company raising and why?

✅ Strengths

1. Integrated Manufacturing Capabilities
   Srigee DLM offers end-to-end manufacturing services—from plastic injection molding to polymer compounding and final assembly—making it a one-stop solution for clients.
2. Diverse Client Base
   The company caters to multiple industries such as consumer electronics, home appliances, automotive, and electrical equipment, reducing dependence on any single sector.
3. In-House Tool Room & Design Capabilities
   Its in-house mold design and tooling services provide customization and faster turnaround for clients, enhancing value addition.
4. Established Track Record
   With operations since 2005, the company has built longstanding relationships with key customers, indicating reliability and operational stability.
5. Experienced Promoters and Leadership
   Led by promoters with domain expertise and supplemented by independent directors from public sector and financial backgrounds, the governance structure is professionally set up.

❌ Weaknesses

1. Limited Geographic Presence
   The company’s manufacturing units are currently confined to Greater Noida. This geographic concentration could pose operational risks (e.g., disruptions due to local issues).
2. High Client Concentration
   A significant portion of revenue may come from a few large customers. Loss of any key customer could adversely impact business.
3. Low Brand Visibility
   As a B2B manufacturer, Srigee DLM has low consumer brand recognition, which can limit its pricing power and market differentiation.
4. Dependent on Raw Material Prices
   The company’s profitability is vulnerable to fluctuations in polymer and resin prices, which are linked to crude oil prices and global supply chains.
5. Competitive Industry Landscape
   Operating in a highly competitive and fragmented industry with numerous small and mid-sized players puts pressure on margins.

📝 IPO Registrar

• Company: Bigshare Services Private Limited
• Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Center, Mahakali Caves Road, Andheri East, Mumbai – 400093, Maharashtra, India
• Contact Person: Mr. Babu Rapheal C.
• Phone: +91 22 6263 8200
• Fax: +91 22 6263 8299
• Email: ipo@bigshareonline.com
• Investor Grievance Email: investor@bigshareonline.com
• Website: www.bigshareonline.com ​

💼 Lead Manager

• Company: GYR Capital Advisors Private Limited ​

🏢 Srigee DLM Ltd. – Company Addresses

Registered Office:

• Address: Plot No. 434, Udyog Kendra 2, Ecotech III, Greater Noida – 201306, Uttar Pradesh, India
• Phone: +91 9811796252
• Email: info@srigee.com ​

Manufacturing Units:

1. Unit 1 – Polymer Trading & Raw Material:
   • Address: Plot No. 434, Udyog Kendra, Extension II, Ecotech I, Greater Noida – 201306
2. Unit 2 & 3 – Electronics Assembly & Tool Room:
   • Address: Plot No. 39–40, Ecotech 2, Udyog Vihar Extension, Greater Noida – 201306
3. Unit 4 – Injection Moulding:
   • Address: D-20, Block B, UPSIDC Site C, Surajpur Industrial Area, Greater Noida – 201306

📌 General FAQs

1. What does Srigee DLM Ltd. do?
Srigee DLM is a design-led manufacturing company that specializes in plastic injection molding, polymer compounding, and electronic product assembly for industries such as electronics, home appliances, and automotive.

2. When was Srigee DLM Ltd. established?
The company was incorporated in 2005 and is headquartered in Greater Noida, Uttar Pradesh.

3. Who are the promoters of the company?
The promoters are Mr. Shashi Kant Singh (Managing Director) and Mrs. Suchitra Singh (Whole-Time Director & CFO).

📈 IPO-Related FAQs

4. What is the IPO opening and closing date?
The IPO dates will be officially announced soon. Please refer to SEBI or the company’s lead manager/registrar for updates.

5. What is the price band for Srigee DLM IPO?
The price band will be disclosed in the Red Herring Prospectus (RHP) and market announcements closer to the IPO date.

6. What is the lot size for the IPO?
The minimum and maximum lot sizes will be declared before the issue opens.

7. Is Srigee DLM Ltd. IPO an SME IPO or Mainboard?
Srigee DLM Ltd. IPO is an SME IPO and will be listed on NSE Emerge.

💼 Application Process

8. How can I apply for the Srigee DLM IPO?
You can apply through ASBA-enabled bank accounts via your net banking platform or through brokers offering UPI-based IPO applications.

9. Where will the shares be listed?
Shares will be listed on the NSE Emerge platform (NSE’s SME segment).

🤝 Registrar and Lead Manager

10. Who is the registrar for the IPO?
Bigshare Services

Question 1: What is the overview of the Company?

Manoj Jewellers operates in the Indian jewellery retail sector, focusing on the design, manufacture, and sale of gold, diamond, and other precious metal jewellery. The company is known for its traditional craftsmanship and regionally inspired designs, catering primarily to customers in Tier-2 and Tier-3 cities. Its product range includes bridal jewellery, daily-wear ornaments, and customized pieces, appealing to a wide demographic.

The company emphasizes quality assurance, hallmark certification, and customer trust—key drivers in the jewellery business. Manoj Jewellers follows a retail-centric model with a mix of owned and franchise outlets, and is gradually expanding into e-commerce to capture younger, digital-savvy customers.

Its business strategy revolves around:

• Strong local brand recognition
• Wide design variety suited to regional preferences
• In-house manufacturing for better cost control and customization
• Customer loyalty built through transparent pricing and trust-based relationships

The company is also aligned with long-term industry trends like increasing demand for organized retail jewellery, growth in disposable income, and preference for certified, branded jewellery.

Segment wise Revenue Bifurcation:

Question 2: Who are the promoters of the Company?

Mr. Manoj Kumar is the Managing Director of the Company. He has completed the Senior Secondary Education from the Department of Government Examinations, Madras. He has over 16 years of experience in jewellery business.

Ms. Sunil Shantilal is the Executive Director of the Company. He has completed the Secondary Education from Board of Martriculation Examination from the Department of Governement Examinations, Chennai, in 1999.

Ms. Raj Kumari is the whole-time Director of the Company. She has done her Senior Secondary Educaiton from HIndu Higher Secodary School, Tirupattur in 1992. She is responsible for managing and leading the operations functions of the company in a leadership role.

Question 3: How Company performed in the past?

Question 4: How much money is the company raising and why ?

In the IPO, the company is offering 30 Lakh shares, priced at INR 54 per share, aggregating to total of INR 16.2 Cr, with a lot size of 2000 shares. For the purpose of:

Repayment of Borrowings- INR 13.23 Cr

General Corporate Purposes- INR 1.67 Cr

Question 5: Valuation of the Company and comparison with other companies

Strengths

1. Strong Revenue from Gold Ornaments
   • The company consistently earns over 75%–95% of its revenue from gold ornaments, indicating strong demand and specialization in this core category.
2. Diversified Product Portfolio
   • Offers a range of products including 916 gold jewellery, antique kundhan, diamond-studded ornaments, bullion, coins, and silver—catering to a wide customer base.
3. Established Regional Presence
   • A trusted name in its local market (likely South India), with long-standing relationships and brand loyalty among customers.
4. In-House Manufacturing and Design
   • Enables better cost control, customization, and quality assurance—key competitive advantages in the jewellery business.
5. Customer Trust & Transparency
   • Emphasis on hallmark certification and transparent pricing builds long-term credibility.

Weaknesses

1. Highly Concentrated Revenue Stream
   • Over-dependence on gold ornaments makes the business vulnerable to fluctuations in gold prices and changing consumer preferences.
2. Limited Geographic Reach
   • Current operations seem largely confined to regional markets, limiting scalability unless there’s significant investment in expansion.
3. Exposure to Regulatory and Taxation Risks
   • Being in a highly regulated industry, Manoj Jewellers is vulnerable to changes in gold import duties, hallmarking norms, and GST rates.
4. Competitive and Fragmented Industry
   • Faces intense competition from both organized national brands (like Tanishq, Malabar) and unorganized local players.
5. No Online Revenue Breakdown
   • Lack of visible digital footprint or e-commerce strategy may be a limitation in tapping younger or outstation customers.

📝 Registrar Agent

• Registrar: Skyline Financial Services Private Limited
  Skyline Financial Services Private Limited is responsible for handling the IPO allotment process, refund management, and investor support for Manoj Jewellers Limited.

🏢 Registered Office

• Address: No. 59, NSC Bose Road, Sowcarpet, Chennai – 600079, Tamil Nadu, India ​
• Phone: +91 44 4204 9741​BSE
• Email: investor@manojjewellerslimited.com​
• Website: www.manojjewellerslimited.com

📌 FAQs – Manoj Jewellers Limited IPO

1. What is the Manoj Jewellers IPO opening and closing date?

The IPO opens on May 5, 2025 and closes on May 7, 2025.

2. What is the issue price of Manoj Jewellers IPO?

The IPO is being offered at a fixed price of ₹54 per equity share.

3. What is the minimum lot size and investment?

The minimum lot size is 2,000 shares, requiring a minimum investment of ₹108,000.

4. On which exchange will Manoj Jewellers be listed?

The shares will be listed on the BSE SME Platform.

5. What is the total issue size of the IPO?

The IPO aims to raise ₹16.20 crores through a fresh issue of equity shares.

6. Who is the lead manager of the IPO?

Jawa Capital Services Private Limited is the lead book-running manager.

7. Who is the registrar to the IPO?

The registrar is Skyline Financial Services Private Limited.

8. What is the business of Manoj Jewellers Limited?

Manoj Jewellers is engaged in the manufacturing and retailing of gold, diamond, and silver jewellery, with a focus on traditional designs, regional preferences, and hallmark-certified products.

9. How is the revenue of the company distributed across product segments?

The majority of revenue (over 75%–95%) is generated from gold ornaments, with smaller contributions from coins, bullion, and diamond-studded jewellery.

10. What will the IPO proceeds be used for?

The funds raised will be used for:

• Repayment/prepayment of borrowings
• General corporate purposes

11. Who are the promoters of the company?

The company is promoted by S. Manojkumar and family, who have long-standing experience in the jewellery trade.

12. What is the official website of the company?

Visit: www.manojjewellerslimited.com

Question 1: What is the overview of the Company?

Wagons Learning Limited is a Pune-based company specializing in corporate training, consulting, and skill development solutions. Established to bridge the gap between workforce capabilities and industry expectations, the company provides customized learning and development services to organizations across various sectors, including BFSI, IT, automotive, telecom, and manufacturing.

The core of Wagons Learning’s business lies in offering bespoke training programs in areas such as leadership development, sales effectiveness, soft skills, customer service, and digital transformation. These programs are designed to enhance employee productivity and align individual performance with organizational goals.

The company also delivers government-recognized skill development programs under national and state-level schemes, addressing employability among youth and professionals. Its service offerings include classroom training, e-learning modules, blended learning formats, and performance coaching, using tools like learning management systems (LMS) and digital content platforms.

Wagons Learning operates with a B2B model, engaging with corporate clients, academic institutions, and government bodies. It emphasizes research-driven instructional design and a strong network of certified trainers to ensure measurable learning outcomes.

Segment wise Revenue Bifurcation:

(INR in Lakhs)

Summary of courses and certifications offered by the company:

Question 2: Who are the promoters of the company?

Mr. Uday Jagannath Shetty is the Chairman and CEO of the Company. He has done Bachelor of Science from Fergusson College, Pune University and Master of Business Administration (MBA) with a focus on marketing and finance Management from Pune University.

Mr. Raviraj Poojary is the Managing Director – Automotive and allied Industries of the Company. He has completed Master’s in Business Administration from Pune University and has vast experience working with Auto giants like Tata Motors, Force Motors etc. at various levels. He is responsible for handling operations related to Automotive and Allied Industries of the Company.

Mr. Abhishek Gopal Sinha is the Director of the Company. He has completed Master’s in Business Administration from Indian Institute of Planning and Management Mumbai. He is currently spearheading Government and CSR Implementation business segment at Wagons Learning.

Question 3: How company performed in the past?

Question 4: How much money is the company raising and why?

In the IPO, the company is offering 46.8 Lakh shares, priced at INR 78 – 82 per share, aggregating to total of INR 38.38 Cr, with a lot size of 1600 shares. For the purpose of:

• Funding Working Capital requirements – INR 7.5 Cr
• Repayment of borrowings – INR 4.5 Cr
• Offer For Sale – INR 13.12 Cr
• General Corporate Purposes – INR 13.26 Cr

Question 5: Valuation of the company and comparison with other companies

✅ Strengths

1. Diverse Training Portfolio
   Offers a wide range of corporate training, skill development, and consulting services tailored to various industries like IT, BFSI, manufacturing, and telecom.
2. Customized Learning Solutions
   Specializes in designing client-specific programs, including leadership, soft skills, sales effectiveness, and digital transformation modules.
3. Presence in Government Skill Development Initiatives
   Executes government-sponsored training programs under national and state schemes, expanding its client base beyond the private sector.
4. Tech-Enabled Delivery
   Utilizes blended learning methods through classroom training, e-learning, and learning management systems (LMS) to enhance training effectiveness.
5. Experienced Trainer Network
   Supported by a strong pool of certified trainers and facilitators, ensuring high-quality delivery and domain-specific expertise.

⚠️ Weaknesses

1. Client Concentration Risk
   Business is dependent on a limited number of corporate and institutional clients, making it vulnerable to client attrition or reduced budgets.
2. Scalability Challenges
   Being a people-intensive business, scaling operations without compromising quality can be difficult and may strain resources.
3. Competitive Market
   Faces intense competition from large training firms, EdTech players, and freelance consultants offering similar services.
4. Dependence on Economic Cycles
   Demand for corporate training often fluctuates with business cycles, as companies may reduce training budgets during downturns.
5. Reliance on Government Projects
   While government programs provide revenue, delays in funding or policy changes may impact cash flow and operational planning.

🏢 Company Details

• Company Name: Wagons Learning Limited
• Corporate Identification Number (CIN): U93000PN2013PLC149316
• Registered Office Address:
  Office No. 302, Tower 2, Montreal Business Center,
  Pallod Farms, Baner Gaon, Haveli,
  Pune, Maharashtra – 411045, India
• Phone: +91 81490 06055
• Email: info@wagonslearning.com
• Website: www.wagonslearning.com​

📝 IPO Registrar Details

• Registrar: Cameo Corporate Services Ltd.
• Address:
  Subramanian Building, No.1, Club House Road,
  Chennai, Tamil Nadu – 600002, India
• Phone: +91 44 2846 0390 / 2846 1989
• Email: ipo@cameoindia.com​

✅ Frequently Asked Questions (FAQs) – Wagons Learning Limited IPO

1. What does Wagons Learning Limited do?
Wagons Learning provides corporate training, skill development, and consulting services across industries like IT, BFSI, manufacturing, and telecom.

2. When was the company established?
Wagons Learning was incorporated in 2013.

3. What is the core business model of the company?
The company operates on a B2B model, delivering customized training programs and government-backed skill development initiatives.

4. What types of services does Wagons Learning offer?
It offers leadership training, soft skills development, sales and service excellence, e-learning modules, and government-sponsored skilling programs.

5. Where is Wagons Learning based?
The company is headquartered in Pune, Maharashtra.

6. Who are the key clients of the company?
Wagons serves corporates, government bodies, and academic institutions across India.

7. Does the company use technology in its training delivery?
Yes, it uses blended learning approaches through classroom sessions, digital platforms, and Learning Management Systems (LMS).

8. What are some industries served by Wagons Learning?
Key sectors include information technology, banking & finance, manufacturing, telecom, and education.

9. Who is the registrar for the Wagons Learning IPO?
Cameo Corporate Services Ltd is the registrar for the IPO.

10. How can investors apply for the IPO?
Investors can apply via ASBA (through their bank) or UPI-based applications via online brokers during the IPO window.

Question 1: What is the overview of the company ?

Arunaya Organics Limited is a specialty chemical manufacturer based in Ahmedabad, Gujarat, engaged in the production and export of dyes, dye intermediates, and performance chemicals. Established in 2010, the company operates primarily on a B2B model, supplying its products to industries such as textiles, paints, plastics, mining, paper, and food processing.

The company offers a wide range of dyes including acid dyes (for wool and nylon), basic dyes (for acrylic fibers, detergents, and paper), direct dyes (for cotton and other cellulosic materials), and solvent dyes (used in paper, plastics, and cosmetics). It also manufactures dye intermediates, which are essential raw materials for dye production.

Arunaya’s manufacturing operations are supported by its ISO 9001-certified facility located in the GIDC Industrial Estate, Naroda. The company produces dyes in various forms such as powders, granules, crude, salt-free, and reverse osmosis-treated formats to meet specific customer needs. In addition to in-house production, Arunaya strategically partners with its group company, Chinmay Chemicals Private Limited, for outsourced manufacturing, enabling it to maintain a broad product portfolio and achieve operational efficiencies.

The company also caters to niche segments through its specialty performance chemicals, particularly designed for applications in the paper and textile industries. Backed by robust research and development capabilities and a focus on quality and environmental standards, Arunaya Organics has established itself as a reliable supplier in both domestic and international markets.

Product wise Revenue Bifurcation:

Geography wise Revenue Bifurcation:

Capacity and Capacity Utilization:

Question 2: Who are the promoters of the Company?

Mr. Vinod Brijmohandas Agrawal

• Designation: Chairman and Managing Director
• Role: Mr. Agrawal leads the strategic direction and overall management of Arunaya Organics. His leadership encompasses business development, operational oversight, and expansion initiatives.
• Experience: With over 15 years at the helm, he has been instrumental in establishing the company’s presence in both domestic and international markets. ​

Ms. Shivali Vinod Agrawal

• Designation: Executive Director
• Role: Ms. Agrawal focuses on operational management, including supply chain coordination, quality assurance, and regulatory compliance.
• Experience: Also associated with the company since 2010, she plays a key role in maintaining product quality and operational efficiency.

Mr. Ashokbhai Agrawal is a Non-Executive Director at Arunaya Organics Limited. He provides strategic oversight and supports governance but is not involved in daily operations.

Question 3: How Company performed in the past ?

Question 4: How much money is the Company raising and why?

In the IPO, the company is offering 58.6 Lakh shares, priced at INR 55-58 per share, aggregating to total of INR 33.39 Cr, with a lot size of 2000 shares. For the purpose of:

Setting Up of a new manufacturing facility located at Dahej, Bharuch, Gujrat – INR 11.7 Cr.

Funding Working capital requirements – INR 9 Cr

Offer for Sale – INR 3.48 Cr.

General Corporate Purposes – INR 9.81 Cr.

Question 5: Valuation of the company and comparison with other companies

Strengths:

1. Diverse Product Portfolio: Arunaya Organics offers a wide range of dyes—including acid, basic, direct, and solvent dyes—as well as dye intermediates and specialty chemicals, catering to various industries such as textiles, paints, plastics, mining, and food processing. ​
2. Quality Certifications: The company’s manufacturing facility in Ahmedabad is ISO 9001 and ISO 14001 certified, reflecting its commitment to quality and environmental standards. ​
3. Strategic Location: Proximity to key logistics hubs like Mundra Port and ICD Ahmedabad enables efficient distribution to both domestic and international markets, including India, Brazil, and China. ​
4. Experienced Leadership: The promoters, Mr. Vinod Agrawal and Ms. Shivali Agrawal, have been leading the company since its inception in 2010, bringing over a decade of experience in the specialty chemicals sector. ​

Weaknesses:

1. Limited Production Capacity: With an annual production capacity of approximately 30 metric tons and a workforce of just 36 employees, the company’s scale of operations is relatively small. ​
2. Dependence on Key Customers: A significant portion of revenue is derived from a few major customers, making the company vulnerable to revenue fluctuations if any of these clients reduce or cease their orders. ​
3. Reliance on Third-Party Suppliers: The company depends on third-party suppliers for key raw materials. Any disruption in the supply chain or failure to adhere to quality standards by these suppliers could adversely affect operations. ​
4. No Long-Term Supply Agreements: The absence of long-term contracts with raw material vendors exposes the company to price volatility and supply uncertainties. ​
5. Single Manufacturing Facility: Operating from a single production site in Ahmedabad could pose risks related to operational disruptions due to unforeseen events or natural calamities in the region.

Registrar Details:

• Registrar: Bigshare Services Pvt Ltd
• Phone: +91-22-6263 8200
• Email: ipo@bigshareonline.com
• Website: https://ipo.bigshareonline.com/IPO_Status.html ​

Company Registered Office Address:

Arunaya Organics Limited
C-8, GIDC Phase-II,
Naroda, Ahmedabad – 382330,
Gujarat, India

• Phone: +91 7779018165
• Email: info@arunayaorganics.com
• Website: www.arunayaorganics.com ​

Frequently Asked Questions (FAQs) – Arunaya Organics Limited

1. What does Arunaya Organics Limited do?
Arunaya Organics is a specialty chemical company engaged in manufacturing and exporting dyes, dye intermediates, and performance chemicals for industries like textiles, plastics, paints, paper, and food processing.

2. Where is the company located?
The company is headquartered at C-8, GIDC Phase-II, Naroda, Ahmedabad – 382330, Gujarat, India.

3. When was Arunaya Organics established?
The company was incorporated in 2010.

4. What products does the company offer?
Its product range includes acid dyes, basic dyes, direct dyes, solvent dyes, dye intermediates, and specialty chemicals for paper and textiles.

5. What is the production capacity of the company?
The company operates a manufacturing facility with an annual capacity of approximately 30 metric tons.

6. Who are the promoters of Arunaya Organics?
The company is promoted by Mr. Vinod Agrawal and Ms. Shivali Agrawal, who have been managing the company since its inception.

7. Is the company ISO certified?
Yes, the company’s manufacturing facility is ISO 9001 and ISO 14001 certified.

8. Who is the registrar for the IPO?
Bigshare Services Pvt Ltd is the official registrar for the IPO.

9. Does the company export its products?
Yes, Arunaya Organics exports to various international markets, including Brazil and China.

10. Does the company depend on third-party manufacturing?
Yes, it outsources part of its manufacturing to its group company, Chinmay Chemicals Private Limited.