Felix Industries Completes ₹175 Per Share Preferential Allotment

1) Felix Industries Limited

• Business Overview – Felix Industries is a leading provider of comprehensive water and environmental solutions. The company offers advanced technologies, including Zero Liquid Discharge, Reverse Osmosis, and Nano Membrane systems. With a diverse portfolio of over 450 proprietary technologies, Felix is committed to sustainable practices that ensure water sufficiency for future generations.
• Recent Filings – Company has announced Preferential Allotment of 3,60,580 fully paid-up Equity Shares upon conversion of equal number of convertible Warrants at a price of Rs. 175 including premium of Rs. 165 per equity share.
• Outlook –
• Company to utilize IPO proceeds for growth, repayment of debt, strengthening the balance sheet, and reducing finance costs.
• Company holds expectations of maintaining sales growth and increasing EBITDA in FY25 and FY26.
• Looking to expand fleet rental services, already acquired two hydraulic, two pullers, and 18 axles.
• Following recent quarter results, Company fulfilled 26,460 orders, served 940 customers with average revenue per order at INR 86,373, and thereby targeting a revenue growth of 31% each year for FY ’25 and ’26.
• 2Y Price Chart –

2) IBL Finance Limited

• Business Overview – IBL Finance Limited started its lending operations in 2019 targeting self-employed professionals and small business owners. It transitioned to a fintech-based platform in 2020, utilizing technology and data science for efficient lending. The company offers instant personal loans through a mobile app, making the process nearly fully digital.
• Recent Filings – The company’s finance committee has authorized the issuance of 35,500 unlisted, senior, secured, taxable, redeemable non-convertible debentures (NCDs) with a face value of ₹1,000 each. These debentures will be issued at an issue price of ₹1,000 each, totaling ₹3.55 crore. The allotment will be done on a private placement basis.
• Recent Updates –
• In FY24, the company’s revenue from operations increased to ₹14.12 crore, up from ₹13.30 crore in FY23.
• The company’s Profit After Tax (PAT) for FY24 was ₹2.28 crore, compared to ₹2.04 crore in FY23.
• Revenue from operations grew by 6.14% compared to the previous year.
• The company’s PAT margin was 16.16% in FY24, up from 14.49% in FY23.
• Price Chart since listing –

3) Chavda Infra Limited

• Business Overview – Chavda Infra Limited operates in the civil construction sector, delivering a wide array of construction and related services for residential, commercial, and institutional projects. The company offers comprehensive services across the entire construction value chain, including planning, design, construction, and post-construction activities.
• Recent Filings – Chavda Infra has secured a work order worth INR 59.36 Crores for construction of a Residential Building, to be completed within 24 months. The current order book stands at INR 1044 Crores, with an unexecuted order value of INR 663 Crores as of 2^nd September 2024.
• Recent Outlook –
• Chavda Infra is identifying lucrative opportunities in the growing real estate market of Ahmedabad and surrounding regions, with an emphasis on quality projects and timely execution.
• It is also strengthening its order book through upcoming projects in GIFT City and other developing areas
• 2Y Price Chart –

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