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Price Tracker - Top 20 Unlisted/Pre IPO shares
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Deep Dive- KurlOn Enterprises (Mattress Giant)
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Despite all the odds and unprecedented challenges we are facing
currently, India will still rise like a Phoenix from the ashes and shine
like the sun. Tough time don’t last, tough people do and Indians have
always been a bunch of very tough people, with an ability to sail
through, irrespective of its leadership, political or administrative
challenges.
This time shall also pass eventually with some damage though but
still bet big on India and its vast opportunities - to create for others
and unfold for self!
On that note, we are covering KurlOn Enterprises in todays edition:
KurlOn Enterprises (Mattress & Sleep Space)
Introduction to the Group:
Kurlon Limited (KL) is part of the 2,000 crore Manipal Group of
Companies founded by the Pais of Manipal which is a major financial and
industrial group in India. KL was conceived when Mr. Pai when he was in
Germany in 1962. The company was incorporated in February 1962 as
Karnataka Consumer Products Limited by Mr. T Ramesh U Pai. Then name of
the company was changed to Kurlon Ltd. in 1995. The company has evolved
and now manufactures mattresses in 126 different configurations
Pan-India, they have partnered with a network comprising more than 7000
plus dealers, 72 branches and stock points and 9 strategically located
manufacturing facilities across Karnataka, Orissa, Madhya Pradesh,
Uttaranchal, and Gujarat.
The company is involved in manufacturing rubberised coir, foam and
spring mattresses, foam products and home furnishings through its
subsidiary. The Group has a strong distribution network with 7,000-plus
dealers across the country and 852 exclusive retail stores.
Kurlon Enterprise Limited (KEL) was publicly incorporated on 03
October 2011 as a 99.99% subsidiary of Kurlon limited (KL). In March
2014, KL entered into a business- transfer agreement with KEL, effective
from April 01, 2014, to transfer the business division of mattress,
foam, furniture and other products (including assets, liabilities,
contracts and licenses) of the former, as a going concern, on a
slump-sale basis to KEL. As consideration for the net assets taken over,
KEL issued shares to KL. Under the agreement, all land and buildings
(except the Gujarat plant) were retained by KL and all plant and
machinery (except the Gwalior plant) were transferred to KEL. The core
operations of the mattress, foam and furniture business are now carried
out by KEL and all the products manufactured by KL (through the Gwalior
plant) are sold to KEL on a cost-plus model.
Industry Overview:
The mattress industry is expected to be around $90-100 Bn, more
than 65 % industry is un-orgazinsed. While there is strong movement
towards organized markets, government initiative such as GST &
Stable government would drive this acceleration further. The sector is
growing at the rate of 7-8% Rise in income levels and health
consciousness and growth in the real estate and hospitality sectors are
major factors that accelerated the growth of the Indian mattress market.
- A visible shift has been observed in the consumers’ perspective,
where the main focus is on the comfort and functionality of the product.
- It is expected to witness several new trends emerging in the
mattress industry. The demand for customized and luxury mattresses is
expected to increase, whereas companies may come up with new techniques
to utilize their resources and technologies better
- The growth in the mattress market is largely led by factors, such
as increased income levels and infrastructural developments, in terms of
increased number of residential units and hotels in the country.
- Demand for construction, in both residential and institutional is
growing in India, with the rising awareness regarding mattress types and
brands
Financial Summary:
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Key Risks:
- Highly competitive industry- The company faces intense competition
as the mattress industry is still dominated by unorganised players that
manufacture coir, cotton, foam and low-priced cotton mattresses. The
company also faces competition from other leading organised players such
as Sheela Foam, Duroflex and Peps. The intense competition reduces
pricing flexibility.
- Geographic concentration- Stakes continue to remain concentrated in
the southern market, accounting for about 44% of the total sales in
FY2019. Nonetheless, the company is diversifying into other regions by
increase in output from existing facilities in Gujarat and Uttarakhand
and has plans to set up a new facility in Assam.
- Vulnerability to raw material price movements- Kurlon’s profit
margins are exposed to fluctuations in input prices, which are mostly
linked to crude oil prices. Prices of major raw materials saw steep
increases in FY2017 and in the current year, prices for many of the
input materials are expected to increase. While the company has been
able to maintain its profit margins in the past by increasing prices, it
remains vulnerable to steep changes in input costs.
Stock Price Update
Please find current price range of top 20 unlisted stocks. For any queries you can reach out us to over Whatsapp.
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Further,
if you want to discuss regarding any of the 75+
Unlisted/Pre-IPO/Startup/Rare Equity Shares we deal in, feel free to get
in touch regarding the same.
The complete list is available here : www.abhisheksecurities.com/unlisted.htm
Looking forward to hearing from you.
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We got featured in media!
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CSK Price Doubles |
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Up 400% in two years, one of Damani's favourite unlisted bets spinning money
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Unlisted Markets in Covid Times |
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Suddenly, super-buzzy grey market is feeling like a penny waiting for change
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Blog Caution
Two Way Quotes ( i.e simultaneous Buying / Selling Rates ) given by Dealers may be Incorrect.
Investors, please, Recheck from Independent
Please , also , read
http://www.rareindianshares.info/2017/09/dealers-two-way-quotes-can-be.html
===============
Dealers of Rare Indian Shares
Sambhav Aggarwal
Arms Securities
Tel : +919899131155
MANISH
9958006642
3A CAPITAL SERVICES
NILESH KOTAK
08866004076 - Whatsapp also
InvestorZone ,232/12, New Kot Gaon, Ghaziabad, ,Dinesh Gupta, Partner
DHARAWAT
08108303330 or dharawat1@gmail.com
SANDIP GINODIA
9830271248
OPPOSITE HIND CINEMA, NEAR AXIS BANK
73a, GANESH CH AVENUE, 2ND FLOOR, KOLKATA-700013
Vipul Gandhi
Gandhi Associates
25, New Jagnath, Saptabhumi Apt., (GF)
Rajkot-360001
Phone : + 91 - 281 324 6757 / 329 6757
.
Dilip Surana
Strides Financial Services
"Arihant Plaza"
84-85,Wall Tax Road, Ist floor
Park Town, Above SBI
CHENNAI 600003
Phone No 044-25350312, 25350313
Fax No 044-42371148
Mobile 9840278351 95000 95121
dilipmsurana@gmail.com
IP Gupta M.Sc,MBA,( Faridabad ) ,also consultants for problematic transfer cases
Mobile - 9971104447, 9899220695, 8010266990
Prastaav.com - An online platform for Buying / Selling Unlisted Shares
Harshil Shah, Vashi, Navi Mumbai
Abhishek Chaturvedi ,9873789812
Telegram:- https://t.me/joinchat/AAAAAD_0JoP7vbNt6wabew
Sandeep Jain , Surat ,Finkinetics Venture ,
website www.finkinetics.com
( m ) 9426277149 ,Whatts app 9426277149
Sanjeev Rekhan, Mr. Prahlad Capital, 2658, Naya Bazar, Delhi-6 (not) 8209158835, 6350161584
GROWFAST SECURITIES and CREDIT LTD, Delhi
Tel : 011 - 47085000- 05
Tel :- +919811119970, +919821644180
Email :- info@growfastsec.com
Giridhar Gupta Somisetty
Rajampet -516-115
Distt. Kadapa ( A.P. )
Whatsapp No. 94902-66255,98498-46961
email : gg200200@gmail.com
Satish Mishra,
Share Connection ,Delhi
098685453680
Digvijay Tannu, Pune
9767831760
Vikas Aggarwal
09314111189
Sagar Shah
TANYA
9871162597
Shreeji Investments , Ahmedabad
Bhavin Leua
(M / Whatsapp )9033476634 (contact preferably on whatsapp)
Meera Associates, Pune.
Babli Investments , Mumbai ,Tel-+91-22-49710023 / 8080591922
email : info@babliinvestment.com
Tenrose Capital Services Ltd, Cochin
Tel - 0484- 2401685 ; 2401684 ( m ) 09388603877
email : tenrosekochi@gmail.com
Oswal trading co. Pvt Ltd, Indore
0731-4025544, 0731-4025544
Pradeep Jain
Noida ( ALSO PHYSICAL SHARES OF LISTED COMPANIES )
098996-58800
098103-28467
Integrated Fincap Pvt. Limited
HO
1111 , Indraprakash ,
21 ,Barakhamba Road ,
New Delhi-110001
Toll Free : 1800-111-110
Ph. :011-23351793 , 23357089
( m ) 098110 - 65464
Wizard Global Corporation- ( Also ,Problematic Shares Consultants )
The Algo Trading /New Vertical Vera Advisory Pvt. Ltd
Deepak Batra 9811435236 , Dipin Kwatra 9810063616
Sanket K Vaghela, Himatnagar (Gujarat)
Cell 08905537733
KRUNAL B SHAH
CHAITYA FINANCIAL SERVICES
AHMEDABAD-9
Kirit N Vaghela,
Himatnagar (North Gujarat)
M / Whats App No. 99240 61501
Eye Global Associates, Pune ( m ) 73507-36110 , 93710-01592
Kiran Shah (Shree Investment), Hadapsar, Pune.
WhatsApp number 7057628284.
Prabodh Gupta , Delhi-also , Legal Adviser
prabodhgpt@gmail.com 011-49041709 ,98101-35531 ,7015089424
.
Oassis Stock Broking , 7,ganesh chand avenue, 5th floor, Kolkata - 13.
033 40037811/12, 7044504052 / 9830057896.
Investor Service Centre ,
Bangalore
080-26607090,26607058 (m) 078150-22551 . 078150-22552
Santhosh P.S., S *4* SERVICES , Thrissur
9995447065
Harish Mittal 09867303077 vickey104@gmail.com
Nirej V Paul, AKHIL SECURITIES | 3 / D2, 2nd Floor | Saniya Plaza |
Near KSRTC Bus Stand | Cochin 35 | Kerala |
Office : 0484 4032952, 6596725 |
Mobile : 09447577160 |
Pankil Shah veerajbroking@ymail.com 98986 16232
FINWIZ SERVICES, Mumbai-Mobile: 8080160094
finwizservices@gmail.com
DEEPAK KUMAR CHENNAI 09840015715
Chirag share Consultants. Ahmedabad
Whats up no.8153045144
PARDEEP only 1000-9873245550
Coolraj Sakhlecha
SAKHLECHA STOCK SERVICE
333 MINT ST.,
CHENNAI 600 001
CELL 09841557344
( List Incomplete - To be Expanded )
1 comment:
We Altius Investech , dealing unlisted shares for last 15+ years along with other unlisted shares , we are looking to buy CHENNAI SUPER KINGS LTD @Rs.700/- and selling HDB FINANCIAL SERVICES LTD @Rs. 890/-.
Interested person can contact us on 7044133558/ 9830271248 or they can write us to our mail id- sandip@abhisheksecurities.com.
For other attractive prices visit our website- www.abhisheksecurities.com and www.altiusinvestech.com
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