Event Date: September 7, 2024
Valuation Report on Fair Value of Equity Share of M/S Bootes Impex Tech Limited
This report, prepared by Suman Kumar Verma, a Cost Accountant & Registered Valuer (Membership No.: 28453, Reg. No. IBBI/RV/05/2019/12376), is for the valuation of equity shares of Bootes Impex Tech Limited, with a valuation and signing date of 9th July, 2024. The report is addressed to the Board of Directors of Bootes Impex Tech Limited, located in Gurgaon, Haryana. The subject of the report is the valuation of the fair value of equity shares at ₹1000/- face value ₹10 each.
The valuation is mandated by the Board of Directors for the purpose of issuing equity shares to proposed investors, in accordance with Section 56 of the Companies Act, 2013, to determine the fair market price per share. The scope of the service is limited to determining the fair value of equity shares according to internationally accepted valuation standards/ICMAI Valuation Standards, solely for compliance with the Companies Act, 2013. The valuation is not in accordance with rule 11UA of Income tax rules but may be relied upon in Income tax matters with required modification as per the rules. The valuation cut-off date is the closure of business hours on 9th July 2024. The scope does not include legal advice, accounting/taxation matters, or other certification services. The valuation relies on information provided by the Company and is performed on a limited scope basis.
Company Background: Bootes Impex Tech Limited (BITL) is a registered startup operating as a Public Limited Indian Non-Government Company, incorporated on March 4, 2021. It is engaged in the Infrastructure Industry. As of July 9, 2024, the company's CIN is U51909HR2021PLC093355, ROC is Delhi, and registration number is 093355. Its authorized capital is Rs. 27,00,00,000 and paid-up capital is Rs. 7,31,94,880. The last AGM was held on 30/09/2023 and the date of the balance sheet is 31/03/2023.
Sources of Information: The valuation relies on information provided by the management of Bootes Impex Tech Limited, including the Memorandum and Articles of Association, projected financial statements for FY 2024-25 to FY 2028-9, and the present shareholding pattern. Public domain information was also used, including a risk-free rate of 6.985% based on the yield on 10-year Government of India Securities, a market return of 18.81% based on the Compounded Annual Growth Rate on the BSE Sensex, a global beta of 1.00, and a long-term growth rate of 5%.
Valuation Methodology: The report details several valuation methodologies, including:
The DCF Method was chosen as the most appropriate method, assigned 100% weightage to arrive at the fair value of equity shares, as it is based on the company's capacity to generate cash flows, which are projected into the future. The method is, however, subject to uncertainties and assumptions.
Valuation and Opinion: Based on the DCF method, the fair value of the diluted equity shares is determined to be ₹1000/- per share. This conclusion is based on the management-provided information as of July 9, 2024. The discounted cash flow valuation considered a discount factor (Ke) between 0.8417 and 0.4224. The sum of discounted cash flows (DCF) amounts to 742.23. Given 74,19,488 outstanding shares, the value per share is calculated at 1,000.38 and rounded off to ₹1000.00.
Disclaimer and Limitations: The report is subject to several limitations, including reliance on management-provided information, the absence of a specific audit, and the lack of market survey or technical/financial feasibility assessment. The study did not include an audit of financial statements, a market survey, financial and legal due diligence, or other assurance advisory services. The valuation does not constitute an audit as per Indian GAAP/ International Financial Reporting Standards. The valuer assumes no responsibility for the accuracy or completeness of information provided by the management. The report cannot be used by management or related parties for reasons other than its limited purpose. The valuer is not liable for any damages.
The UDIN for this report is 2428453ZZE3XNIN0WW.
Access essential information and documents to make informed investment decisions
Stay updated with upcoming events, conferences, and announcements
Access quarterly and half-yearly financial statements and reports
Download comprehensive annual reports and financial summaries
Access investor presentations, corporate briefings, and slideshows
Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.
You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.
The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.
Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.
To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.
Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.
The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.
It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
