Texmo Pipes & Products Ltd IPO : Oversubscribed 7.48 times

by khalid on 21/02/2010 · 0 comments

Texmo Pipes & Products Ltd 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 IPO of Texmo Pipes & Products has been finally oversubscribed 7.48 times on an overall basis. The issue was open on 16th Feb 2010 and closed on 19th Feb 2010. Non-Institutional Investors has given a strong support to the issue and applied 30.4962 times to their allotted quota. Retail Investors too shown keen interest and applied 7.2632 times.

The category-wise subscription status of Texmo Pipes & Products IPO is given below:-
QIB: 1.0204 times
Non-Institutional Investors: 30.4962 times
Retail: 7.2632 times
Employee : 0.3143 times
Overall: 7.48 times

Issue Details :-
Issue Period : 16th Feb 2010 – 19th Feb 2010
Issue Type : 100% Book Building process
Issue Size : 5000000 Equity Shares of Rs 10 each (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
IPO Grading : 2 out of 5
Rating Agency : Crisil Limited
Listing At : BSE and NSE

Allotment status can be seen here.

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