Omnipotent Industries Limited IPO : Issue Opens Nov 16, 2021
Omnipotent Industries are primarily engaged in the business of supplying bulk and packed bitumen as well as other bituminous products. The company either directly imports these products or buys from third-party importers and sells them to their various distributors as well as corporates. The company's products include bitumen 60/70 & 80/100, bitumen VG10, VG30, VG 40; bitumen emulsion, blown bitumen, micro surfacing bitumen, and modified bitumen CRMB, PMB, NRMB.
The company is also engaged in consultancy services of setting up of plants for Bitumen & Bituminous products. The company provides end-to-end solutions from identification of land, plant & machinery to imparting training & making policy with staff on marketing & quality testing. The company has relationships with various importers, manufacturers, transporters, warehousing & bulk storage entities which gives them a cost advantage due to bulk purchase as well as sharing of logistics costs.
The company is in the process of shifting its plant at Gandhidham, Kutch, Gujarat, which will be managed by a third-party operator.
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following purposes;
- Repayment of loans
- Augmenting additional working capital requirements
- General corporate purposes
Competitive Strengths:
- Focus on procurement, sales, and customer service
- A strong relationship with business stakeholders
- In house dedicated processes
- Experienced & qualified Team
Company Promoters:
Punit k. Popat is the company promoter.
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