Matex Technologies » Success-stories-Assettek

A prominent manufacturer specializing in Viscose filament yarn leveraged our Matex platform to navigate a challenging auction scenario.

Challenges Faced

Following the NCLT formalities, a prominent market player acquired the plant as a going concern.
Two plants were sold offline at significantly lower prices due to local disturbances.
The plant's location in the city center made dismantling nearly impossible without causing disruptions to the city and the nearby railway station.
A pending court case on the day of the auction posed additional risks.
The auction needed to be completed before the court verdict, necessitating a no-extension bidding method.

Solution Offered by Matex

Matex Net facilitated the participation of specialized bidders experienced in sophisticated plant dismantling activities.
The auction fetched a valuation of ₹42 crore, compared to an offline offer of ₹28 crore and a client expectation of ₹35 crore.
The buyer successfully executed the project within the allotted 9-month timeframe, ensuring 100% timely payments.
The land was handed over on time for the development of a Logistics Park.

Benefits

Offline Offer : Rs. 28 Cr

Competitor Offer Price : Rs. 39.75 Cr

Matex Auction Price : Rs.42 Cr

Over all Savings
for the client:

14 Crores

The Matex platform not only exceeded the client's expectations but also ensured a smooth and timely
project execution, showcasing the platform's efficiency and reliability in handling complex industrial
transactions.

How a Leading Viscose Yarn Manufacturer increased realization value by 50% and achieved seamless plant Dismantling - Ahead of schedule!

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