Texmo Pipes & Products Ltd IPO : Opening on 16th Feb 2010

by khalid on 05/02/2010 · 3 comments

Texmo Pipes & Products Ltd plans to enter the capital market with an IPO of issue size 5 million Equity Shares of Rs. 10 each. The premium of the issue will be decided by 100% book building process. The company is engaged into manufacturing of range of PVC and HDPE pipes. suction & delivery hose pipe, rigid PVC pipes, PVC casing and ribbed screen casing pipes, SWR pipe, plumbing pipe, conduit pipe, caping casing strips, column pipe, HDPE plain pipe, sprinkler pipe, PLB HDPE cable duct and drip irrigation system. The price band for this Texmo Pipes & Products Ltd IPO is already fixed at Rs 85 at lower side and Rs 90 at upper side. At the lower end side of the issue the company will collect Rs 42.5 crores whlie at the upper end side it will collect Rs 45 crores. The IPO will open from 16th Feb 2010 and will close on 19th Feb 2010.

The proceeds of the IPO will be used by the company for expansion of product range, setting up manufacturing facilities for injection mouldings/fittings and woven sacks, meeting long term working capital requirements, general corporate purposes and Public issue expenses. The companies total income was Rs 4702.76 crores for the FY09 ended March 09. The profit of the company was Rs 432.92 crores for the same period.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Details :-
Issue Period : 16th Feb 2010 – 19th Feb 2010
Issue Type : 100% Book Building process
Issue Size : Rs. 42.50 – 45.00 Crores
Face Value : Rs. 10 Per Equity Share
Price Range : Rs 85 – Rs 90 Per Equity Share
Market Lot : 75 shares
Minimum Order Quantity : 75 shares
Maximum Subscription Amount for Retail Investor : Rs 100000
Listing At : BSE and NSE

Book Running Lead Managers for the IPO is Almondz Global Securities Limited.

Registrar of the Issue :-
Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: texmoipo@karvy.com
Website: http://karisma.karvy.com

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{ 3 comments… read them below or add one }

Vijay Prasad February 7, 2010

We referred to your site regarding IPO of Texmo Pipes And Products Limited. There are too many mistakes
1) Logo is not correct
2 ) prices of share rs 410-450 is not correct
3) Lot size is not given
Please rectify and confirm immediately
Regards
Vijay Prasad

Reply

khalid February 7, 2010

Hi Vijai
Thanks for pointing out the mistakes. Infact issue price is correct in text paragraph and by mistake it is given wrong in Isue Details portion of the post. Logo too I am correcting and lot size I am searching, as soon as I will get, I will make it available here.
Thanks a lot for your comment and visit.
Keep in touch.
Regards
khalid

Reply

Vijay Prasad February 8, 2010

Thanks for your prompt action

Lot Size- minimum of 75 Equity Shares and thereafter in multiples of 75 Equity shares
Thanks
Vijay Prasad

Reply

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