Tirupati Inks Limited FPO : Opening on 14th Sep 2010

by khalid on 14/09/2010 · 2 comments

Tirupati Inks Limited is engaged in the business of manufacturing of printing ink & printing cylinders and trading of polyester films and other packaging materials. The company is entering into primary market with an Initial Public Offer (IPO) of Rs 51.50 crore. The fPO is opening on 14th Sep 2010 and the shares will be available for subscription up to 17th Sep 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs 41 at the lower level and Rs 43 at the upper level.

Promoters of the company are Mr. Sanjiv Agarwal, Mr Rakesh Kumar Agarwal, and Mrs Rajni Maheshwari.

The proceeds of this FPO will be used to setting up facility for manufacturing of Speciality Inks and Ink Concentrates, capital expenditure on Lab Equipments for Existing Facilities, augmenting working capital resources, general corporate purposes and meeting the expenses of the issue.

Company’s equity shares are presently listed on Delhi Stock Exchange (DSE).

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

Issue Detail:-
Issue Open : 14th Sep 2010 – 17th Sep 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 9,753,658 Equity Shares of Rs 10 each
Issue Size : Rs. 51.50 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 41 – Rs. 43 Per Equity Share
Market Lot : 150 Shares
Minimum Order Quantity : 150 Shares
Listing At : BSE, NSE

The Sole Book running lead manager to the issue is Ashika Capital Ltd.

Registrar of the Issue : Beetal Financial & Computer Services (P) Limited, New Delhi.

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{ 2 comments… read them below or add one }

Vijaya Kumar Peta September 24, 2010

Will it be good to buy share in this company? Will there be any price hike in coming years? Sorry, I am new to share market.

Reply

khalid September 24, 2010

Hi Vijaya

This is a FPO of the company and if you had applied for the same then you can hope to get some profit as at present grey market premium is about Rs 14-15.

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