Hanung Toys & Textiles IPO
Hanung Toys & Textiles IPO — date, price band, lot size & details 2006
Hanung Toys & Textiles listed on 20 Oct 2006 at ₹100.55, 5.8% above the ₹95 issue price.
Hanung Toys and Textiles is a Noida based maker and exporter of stuffed toys and home furnishings, which used its IPO to build a home textile plant at Roorkee. Its total income was Rs 170.69 crore in FY2006.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 28 Sep 2006
- Close 05 Oct 2006
- Allotment TBA
- Refund/credit TBA
- Listing 20 Oct 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 28 Sep to 5 Oct, 2006 |
|---|---|
| Price Band | ₹85 – ₹95 |
| Face Value | ₹10 |
| Lot Size | 60 Shares |
| Issue Size | ₹90.25 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,700 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 60 shares at the ₹95 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 60 | ₹5,700 |
| Retail (max) | 35 | 2,100 | ₹1,99,500 |
| S-HNI (min) | 36 | 2,160 | ₹2,05,200 |
| S-HNI (max) | 175 | 10,500 | ₹9,97,500 |
| B-HNI (min) | 176 | 10,560 | ₹10,03,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income doubled from Rs 85.68 crore in FY2005 to Rs 170.69 crore in FY2006.
- 02Profit after tax rose from Rs 4.12 crore in FY2005 to Rs 12.98 crore in FY2006.
- 03Net worth rose from Rs 21.67 crore in FY2005 to Rs 71.73 crore on 30 June 2006.
- 04Its toy unit in the Noida SEZ had an installed capacity of 110 lakh pieces.
Risks · 5
- 01The Roorkee home textile unit was planned at Rs 153.44 crore, far more than the Rs 90.25 crore issue.
- 02The Roorkee unit was a big step up in home textiles, planned at 21000 meters of grey fabric a day.
- 03Toy and textile exports depend on overseas buyers and the rupee; total income was Rs 57.33 crore in the June 2006 quarter.
- 04Profit after tax was only Rs 1.44 crore in FY2004.
- 05Promoter and promoter group holding fell from 100% before the issue to 62.28% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Hanung Toys & Textiles offer document.
| Metric | 30 Jun 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|---|
| Assets | 185.81 | - | - | - | - |
| Total Income | 57.33 | 170.69 | 85.68 | 73.55 | 65.35 |
| Profit After Tax | 4.82 | 12.98 | 4.12 | 1.44 | 1.99 |
| NET Worth | 71.73 | 66.91 | 21.67 | 17.92 | 16.47 |
| Reserves and Surplus | 56.07 | 51.25 | 18.36 | 14.62 | 13.19 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Hanung Toys & Textiles RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Hanung Toys & Textiles IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹13.28 | ₹8.27 |
| P/E Ratio (x) | 7.15 | 11.48 |
| Market Cap at Offer Price (₹ Cr) | ₹34.48 | ₹55.37 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹95 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹168.44 Cr of the issue is earmarked to named objects.
About the company
It makes and exports stuffed toys and home furnishings. It began in 1993 by taking over a partnership firm that made stuffed toys with know-how from Hanung Industrial of South Korea, and now runs independently.
Its toy unit is in the Noida Special Economic Zone with an installed capacity of 110 lakh pieces, and it sold toys through more than 100 distributors under the Play-n-Pets and Muskan brands.
The IPO was Rs 90.25 crore and was entirely a fresh issue at Rs 95, the top of the Rs 85 to Rs 95 band. The money was for an integrated home textile unit at Roorkee and part of its working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Hanung Toys & Textiles IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Anand Rathi Advisors Ltd
30 issues handledBest listing: Paras Defence & Space Technologies (+168.0%). Weakest: Aanjaneya Lifecare (-6.8%).
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Hanung Toys & Textiles?
The current Grey Market Premium is ₹0.
What is the Hanung Toys & Textiles IPO price band?
₹85 to ₹95, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 20 October 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
