Entries Tagged 'IPO' ↓

Gokul Refoils And Solvent IPO will hit the markets on May 8th, with an public offer of over 71.5 lakh equity shares of Rs. 10 each to be issued at a price band of Rs. 175 to Rs. 195. Gokul Refoils IPO will open for subscription on May 08, 2008 and the issue closes for subscription on May 13, 2008.

About the Company

Gokul Refoils And Solvent Limited, a Gujarat based company, engaged in the business of solvent extraction, refining of Edible oils and Vanaspati manufacturing. The company markets its products under the brand name “Gokul” in the states of Gujarat, Maharashtra, Rajasthan, Delhi, Haryana, J&K, Himachal Pradesh, Uttar Pradesh, Maharashtra, Bihar, Jharkhand, Chhattisgarh, Sikkim and Punjab. The brand has also been marketed in parts of Uttaranchal, Assam, West Bengal and Tamil Nadu.

The brand enjoys a national recognition and the products that are packed and sold include Mustard oil, Sunflower oil, Groundnut oil, Cottonseed oil, Palmolein oil, Vanaspati oil and Soya Bean oil these are not only sold in bulk quantities but also consumer retail packs of 15 Kgs, 15 Litre, 10 Litre, 5 Litre, 1 Litre and 500 ml. Pan India distribution network spread across 19 States catered by 18 C&F agents and 802 distributors, 3 depots, 15 brokers and 295 resellers, distributing Gokul products through a total 1133 bulk points.

Financials of the company:

Gokul Refoils and Solvent Limited consolidated total income for the financial years ended March 31, 2007 stood at Rs. 1599.86 crore and Rs.1347.82 crore for the period ended November, 2007. Profit after tax (PAT) for the FY07 was Rs. 25.73 crore, and Rs.41.83 crore for the period ended Nov 30, 2007.

Company’s standalone sales has grown at a CAGR of 39.30% over the last 5 financial years and its standalone PAT has increased at a CAGR of 41.16% over the last 5 financial years and EPS reported a growth of 24 % in last 3 years.

Purpose of the Gokul Refoils IPO

The company plans to used the proceeds raised from the issue , To set up a new 1500 TPD Soyabean processing plant near Gandhidham, Expansion of its existing edible oil refinery at Surat from 100 TPD to 400TPD ,Investment in its wholly owned Singapore subsidiary and Investment in increasing warehousing capacities and continuous Capex for existing units.

Gokul Refoils & Solvent IPO Grading

ICRA has assigned an ICRA IPO Grade “3/5″ (pronounced “three on five”) to the proposed initial public offering of Gokul Refoils and Solvent Limited which indicates average fundamentals.

The Book Running Lead Managers to the Gokul Refoils IPO are Anand Rathi Financial Services Limited and Intensive Fiscal Services Private Limited.

For information and updates on the Gokul Refoils & Solvent IPO Subscription details and Gokul Refoils IPO Review do check back later.

Anu’s Laboratories IPO is ready to hit the markets on 12th May, 2008 with an issue of over 38 lakh equity shares of Rs 10 each with a price band of Rs 200 to Rs 210 per equity share with the subscription of the issue closing on15th May 2008.

About the Company

Anus Laboratories is engaged in the manufacture of basic, advanced intermediates and fine chemicals and supplying them to various drug manufacturers. The company was incorporated in 1996 for manufacturing of Bulk Active Pharma Ingredients and Intermediates for drug molecules and was promoted by Mr. K. Hari Babu. The Company exports its products to Israel, Italy, Japan, France, USA and Singapore which comprise of 19.97% of the total sales turnover.

Financials of the company

Anu’s Laboratories total income during the Financial Year ended March 31, 2007 was Rs 12,129.52 lakhs as against Rs. 9,533.93 lakhs in the Financial Year ended March 31, 2006 and the net profit during the corresponding period was Rs 1,359.15 lakhs against Rs. 557.25 lakhs respectively. The total income and the net profit for the nine months period ended December 31, 2007 were Rs. 11,382.26 lakhs and Rs. 1,312.36 lakhs respectively.

Purpose of the Anus Laboratories IPO

In order to expand its current activities by means of forward integration, the Company has decided to expand its operations by setting up a new plant for manufacturing of drug intermediates including Active Pharmaceutical Ingredients (APIs) at Vishakhapatnam.

With an estimated cost of Rs 55.09 crores and setting up a pilot plant for carrying out Contract Research and Manufacturing (CRAM) at Vishakhapatnam at an estimated cost of Rs 8.34 crores.The long term working capital requirements would be Rs 16.67 crores. The Company plans to meet the aforesaid objects by means of issue proceeds and internal accruals.
Anu’s Labs IPO Grade:
The IPO has been graded by ICRA and has assigned “ICRA IPO Grade 2” to the Initial Public Offering which indicates below average fundamentals of the issue.

Book Running Lead Manager to the Anus Laboratories IPO is Almondz Global Securities Ltd, and Karvy Computershare Pvt Ltd is the Registrar for the Issue. The Equity shares of the Anu’s Labs IPO are proposed to be listed on BSE.

For information and updates on the Anu’s Laboratories IPO and Anus Labs IPO Subscription details do check back later. Keep visiting for Anu’s Laboratories IPO Review and Anus Labs IPO Allotment details.

Kiri Dyes and Chemicals IPO Allotment Status is ready . Kiri Dyes and Chemicals IPO opened on March 25, 2008 and closed on April 02, 2008. Overall the IPO was oversubscribed by 1.43 times and on the retail side by 2.3803 times .

Investors who have applied in Kiri Dyes and chemicals IPO can check the allotment status with the application numbers in hand at the link given below.

Kiri Dyes and Chemicals IPO Allotment

Aishwarya Telecom IPO opens on 15th April, 2008 with an public issue of 52 lakh equity shares of Rs. 10 each to be issued at a premium of Rs. 32 on the lower end and Rs. 35 on the higher end. Aishwarya Telecom manufactures a wide range of Telecom Fiber Optic products and supplies to Bharat Sanchar Nigam Limited, Tata Tele Services, Bharati Telenet, HFCL public sectors defence sectors like ECIL in India. ATL is exporting cable fault locators to countries like France, Taiwan, Czech Republic, Riyadh, Dubai. ATL manufactures products for Telephone Service Providers, Defence Sector, Railways, Telecom equipment manufacturing companies and Cable TV Operators.

Aishwarya Telecom IPO Proceeds are planned to be used to :

Fund the Capital Expenditure for Research & Development of Main Frame Optical Time Domain Reflecto Meter (OTDR) in collaboration with IIT, Chennai;
Fund the Capital Expenditure for Research & Development of Ethernet Traffic Analyzers;
Fund the cost of Global System for Mobile Communication (GSM)/ General Packet for Radio Service (GPRS)/Code Division Multiple Access (CDMA) Analyzers for providing Technical Audit Services to the Mobile Operators;
Purchase land & construct building for new corporate, marketing, administrative and R&D office at Hyderabad;
Purchase land & construction of building for a new production unit at Hyderabad;

Aishwarya Telecom IPO Information

IPO Type: 100% Book Built Issue (Initial Public Offer IPO)
IPO Opens : April 15, 2008 to April 17, 2008
IPO Size: 52,00,000 Equity Shares of Rs. 10/-
Face Value: Rs. 10/-
Public Issue Price: Rs 32/- to Rs 35/-
Listing on : BSE, NSE
Lead Manager: SREI Capital Markets Ltd
Registrar: Big Share Services Pvt Ltd.

Indore-based agro-company Sita Shree Food Products on Monday got listed at Rs 35 at the National Stock Exchange (NSE) with a premium of 16.66% compared to its issue price of Rs 30.

Within minutes of listing the scrip touched a high of Rs 43.40 and a low of Rs 33.95. Over 5 million shares exchanged hands at the NSE.

On the Bombay Stock Exchange (BSE) the company got listed at Rs 30 and hit a high of Rs 44.40. Here over 9.27 million shares were traded.

The scrip was last trading at Rs 42.90, up Rs 12.90, or 43% on BSE and at Rs 40.95 on NSE at 10:06 a.m.

Gammon Infrastructure Projects IPO Allotment is ready to check for the investors. Gammon Infra IPO was overall oversubscribed by 3.48 times and on the retail side by1.0856 times .

Click here for Gammon Infra IPO Allotment .

Titagarh Wagons IPO Subscription closed today, overall the issue has received very decent response from the investors with the issue getting subscribed by 6.75 times.

Final Subscription Figures of Titagarh Wagons IPO

Qualified Institutional Buyers (QIBs) quota : 10.37 times.

Non Institutional category oversubscribed : 2.77 times

Retail Individual Investors (RIIs) category : 0.98 times and

Employees category : 0.07 times.