Tuesday, October 21, 2008

Alkali Metals Limited IPO








Incorporated in 1968, Alkali Metals Limited is a Hyderabad based manufacturer of sodium derivatives, pyridine derivatives and verity of fine chemicals. Products in these categories include amides, hydrides, alkoxides, azides, tetrazoles, pyridine compounds, cyclic compounds, drug and pharma intermediates, specialty fine chemicals etc. Apart from the above, Alkali has developed 246 products in the aforesaid categories.

Company has two manufacturing facilities. Both of these facilities are ISO 9001: 2000 and ISO 14001:2004 certified with combined installed capacity of 4,400 MTPA.

Being more then 35 years old, company has list of long term clients specially in the field of Petrochemicals, Chlor- Alkali & Inorganic chemicals, Organic chemicals, Paints and dyes, Fine and specialties and Agrochemicals. Company’s top three customer’s account for 18.16% of its turnover for the FY 2008 and top 10 customers account for 42.81% of its turnover.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing 2595210999293258
    the Stock Exchanges & to raise capital:
  1. Setting up of an Active Pharmaceutical Ingredients (API) plant at Jawaharlal Nehru Pharma City at Visakhapatnam with an installed capacity of 672 MTPA;
  2. General Corporate Purposes.

Alkali Metals AML IPO Grading / Rating

ICRA has assigned an IPO Grade 2 to AML IPO. This means as per ICRA, company has below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

Alkali Metals Limited IPO Information

  »»   Public Issue Open: October 07, 2008 to Oct 15, 2008
  »»   Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
  »»   Public Issue Size: 2,550,000 Equity Shares of Rs. 10/-
  »»   Face Value: Rs. 10/- 
  »»   Public Issue Price: Rs 86/- to Rs 103/-
  »»   Market Lot: 65 Shares 
  »»   Minimum Order Quantity: 65 Shares 
  »»   Maximum Subscription Amount for Retail Investor: Rs 100,000/-
  »»   Listing: BSE, NSE
  »»   Lead Manager: Saffron Capital Advisors Private Limited 
  »»   Registrar: Cameo Corporate Services Ltd (Ph: 44 2846 0390/1948 Email: cameo@cameoindia.com)

Important Links about Alkali Metals Ltd IPO

  ›  Download Prospectus - with SEBI

NSE Notice (Posted on Friday, Oct 10 2008):
Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of ALKALI METALS LIMITED will close on Oct 15, 2008 instead of the earlier closing day on Oct 10, 2008. Further price band has revised from Rs 90 /- to Rs 105 /- per share to Rs 86 /- to Rs 103 /- per share.

Chemcel Biotech Limited IPO




Incorporated in 1995, Chemcel Biotech Limited is in the business of manufacturing of Agro Chemicals. Company’s main products are in three forms i.e. liquids, granules and dusts. Chemcel Biotech has CIB registrations for 34 products to manufacture pesticides for crops i.e. Paddy, Cotton, Sugarcane, Turmeric, Chillies, Pulses, Vegetable etc.

They have 34 products in their product portfolio which consists of different kind of insecticides. Chemcel Biotech manufacture various formulations comprising of liquids, granules and powder formulations. Company's products are available in various sizes of packaging catering to the needs of small, marginal and large farmers. Compant's product range covers most of the crops and majority of plant infections. They provide end to end plant protection solutions to farmers through their distributors.

They have certificate of registrations for 34 formulations. Company's largest selling formulations are CHEMCEL HEXA; COUNTER; COSY; CELPHATE”. Company has set up production unit at Kanuru, Vijayawada, Andhra Pradesh for production of a wide range of pesticides. which is very close to rice belts of Krishna & Godavari districts, and commercial belts of Guntur and Khammam.

Company’s main products are in three forms viz., Liquids, granules and dusts. Individual capacities of these products are as under:

Liquids1000 KL/per year
Granules1000 MT/per year
Dusts300 MT/per year

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
  1. To set up Bio-Diesel manufacturing unit;
  2. To meet the additional Working Capital requirement on account of increased operations for the Agrochemical & Bio Fertilizer division;
  3. To repay short term loan of Rs 120.00 Lakhs availed from Union Bank of India for meeting the project expenses;
  4. To partially repay the working capital loan facility availed from Union Bank of India;
  5. To meet the public issue expenses;
  6. To achieve the benefits of listing our Company’s shares on Bombay Stock Exchange Limited (BSE).

Chemcel Biotech Limited IPO Information

  »»   Public Issue Open: September 09, 2008 to September 12, 2008
  »»   Public Issue Type: Fixed price
  »»   Public Issue Size: 1,54,00,000 Equity Shares of Rs. 10/-
  »»   Face Value: Rs. 10/- 
  »»   Public Issue Price: Rs 16/-
  »»   Maximum Subscription Amount for Retail Investor: Rs 100,000/-
  »»   Listing: BSE
  »»   Lead Manager: AllBank Finance Ltd
  »»   Registrar: Bigshare Services Private Ltd (Ph: +91-22-28473747Email: bigshare@bom7.vsnl.net.in)

Wednesday, September 3, 2008

20 Microns Limited IPO




Incorporated in 1987, 20 Microns Limited is India's largest manufacturer of White minerals with an annual output of over 180000 tons from plants spanning four different regions of India.

20 Microns Limited supplies the entire world with innovative products in the fields of Functional Filler and Extenders. The main fields of application for 20 MICRONS's products can be found, for instance, in Paints, Coatings and Printing Ink , Plastics, Paper, Ceramic, Rubber, Adhesives and Sealants. 20 MICRONS also manufactures specialised products for the Cosmetics, Cement and Concrete, Household Products, Detergent, Textile industries.

20 Microns Limited is an ISO 9001:2000 certified Company. Company's operations are divided into five geographical regions West, South, North, East and International. Each regional division has its own production, commercial distribution and technical facilities. 20 Microns Limited available in Chalk, Calcite, Marble and Dolomite. Chalk is formed by shells of NANOFOSSILS. This is fine microcrystalline material. Chalk quarries are located at Gujarat, India. 20ML marketing and other activities are mainly operating through two major segments in Minerals namely VAD (Value Added Products) and C&C (Commodity and Consumers). The segments are mainly to have a focus on the specific market. Both the segments have separate marketing teams to take care of the customer’s requirements.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
  1. To augment the resources for the current ongoing expansion of its manufacturing capacity at various locations and invest in the sub micron particle sizes required by end market;
  2. To enable listing the Equity Shares of Company on the Stock Exchanges;
  3. General Corporate Purposes.

20 Microns Limited IPO Information

»» Public Issue Open: September 08, 2008 to September 11, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 43,50,632 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 50/- to Rs 55/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Keynote Corporate Services Ltd
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-25960320 Email: 20microns.ipo@intimespectrum.com)

Resurgere Mines & Minerals India Ltd IPO





Incorporated in 1987, Resurgere Mines & Minerals India Limited (Formerly Exfin Shipping (India) Ltd.) is presently engaged in the business of extraction and processing of iron ore products ie lump ore and size ore, and is predominantly a manufacturer of calibrated lump ore (CLO) and Iron Ore Fines. The company is also engaged into merchant export of iron ore fines to China.

Resurgere Mines & Minerals India Ltd is ISO 9001:2000 and ISO 14001:2004 Certified from UKAS, United Kingdom. Company is a recognised Star Trading House of India and is also member of various business councils i.e. CAPEXIL, FIEO, FIMI etc. Company currently operates in Nuagaon, Kendujhargarh district and Maharajpur, Mayurbhanj district of Orissa and company purport to commence operations in Singhbhum district of Jharkhand in the near future. Resurgere Mines & Minerals India Ltd have entered in to longterm contracts for these mines, at Nuagoan and at Maharajpur, with the leaseholders for raising and purchasing of iron ore. Company have also entered into similar arrangement with a leaseholder in a mining area in the West Singhbhum district of Jharkhand for the raising of iron ore and then supply of entire production of the mine. All the three mines carry high quality iron ore of about 62% - 64% Fe content.

They have made an application to the Collector of Sindhudurg district for the grant of an iron ore mining lease over an area of 108.77 hectares in village Banda, District Sindhudurg in Maharashtra.They are also engaged in merchant export of iron ore fines to China.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for:
  1. Purchase of Plant and Machinery for setting up of our own extraction and crushing facilities at the mines;
  2. Purchase of railway rakes to set up our own logistics infrastructure facilities;
  3. Margin money for working capital;
  4. General Corporate Purposes.

Resurgere Mines & Minerals India Ltd IPO Information

»» Public Issue Open: Aug 11, 2008 to Aug 13, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 44,50,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 263/- to Rs 272/-
»» Market Lot: 20 Shares
»» Minimum Order Quantity: 20 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Motilal Oswal Investments Advisors Pvt Ltd
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-25960320 Email: rmmil.ipo@intimespectrum.com)

Austral Coke & Projects Limited IPO






Incorporated in 1994, Austral Coke & Projects Limited is engaged in the manufacture and sale of low ash metallurgical coke and refactory in India. LAM Coke produced by Austral is used as a reducing agent in blast furnaces for reducing iron or into hot metal in steel, foundries, zinc smelters, cement and Ferro alloy industries.

Company also deals in trading of textiles and rentals of construction and earthmoving machineries to medium/large construction companies who are engaged in the business of constructing/building of roads, airports, power projects, institutional & industrial complexes, multiplexes and residential buildings and other related infrastructural activities more importantly catering to Public Sector undertakings, private sector, CPWD and various national & international government aided projects.

Currently it has capacity to produce 375,000 MT coke per annum which is planned to increase up to 525,000 MT per annum by FY’09. Current capacity utilization of LAM Coke plant is 65% of 175,000 MTPA which is expected to increase up to 75% of 525,000 MTPA by FY'09. Company through its subsidiary Astra Mining Limitada, Mozambique, acquired six prospective licenses admeasuring 100,000 hectares in Mozambique. This acquisition will provide raw material security to Austral.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. Setting up of 1,50,000 MTPA of LAM Coke plant;
  2. Captive Power plant of 8 MW;
  3. Acquire prospecting Mining Licenses in India / internationally;
  4. Prepayment of High cost debt;
  5. General Corporate Purposes;
  6. Expenses related to Fresh Issue.

Austral Coke & Projects Ltd IPO Information

»» Public Issue Open: August 7 ,2008 to August 13, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 72,60,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 164/- to Rs 196/-
»» Market Lot: 34 Shares
»» Minimum Order Quantity: 34 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Allbank Finance Ltd, Saffron capital, PL Capital, Elara Capital Ltd
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-25960320 Email: austral.ipo@intimespectrum.com)

Nu Tek India Limited IPO





Incorporated in 1993, Nu Tek India Limited is a Telecom infrastructure service provider, offering Infrastructure rollout solutions for both mobile and fixed telecommunication networks. Nu Tek offer services to Telecommunication Equipment Manufacturers, Telecom operators as well as third party infrastructure leasing companies in installing and maintaining Telecom Network Equipment & Infrastructure.

Nu Tek undertake turnkey projects, provide management expertise to their clients for infrastructure creation and installation for telecom sites which includes Passive Infrastructure like Towers, Telecom Shelters, Backup Power - DG sets and Battery Banks, Electrical Infrastructure and Earthing Stations etc. and active infrastructure like Base Transceiver Station (BTS), microwave, optic fibre, Base Station Controller (BSC), Mobile Switching Centres (MSC), IN (Intelligent networks), VAS (Value added services) equipments, transmission equipment such as STM’s and Microwaves to the most advanced World Interoperability for Microwave Access (WIMAX) equipment and future ready 3G Nodes. Company also provide technical support services in the High End Telecom segments such as Radio Frequency and Transmission Planning, Network Tuning & Optimization and Quality of Service (QoS) to their clients.

Major clients amongst Telecom Equipment Manufacturers are:

  1. Nokia Siemens Networks Pvt Ltd
  2. Ericsson India Pvt Ltd
  3. Motorola India Pvt Ltd
  4. Nortel Networks India Pvt Ltd

Major clients amongst Telceom Operators are:

  1. Tata Teleservices Ltd
  2. Reliance Communications Ltd
  3. Bharti Airtel Ltd
  4. Idea Cellular Ltd
  5. Vodafone Essar Ltd(Hutch)
  6. Videsh Sanchar Nigam Ltd

Major clients amongst third party infrastructure leasing companies are:

  1. Quipo Telecom Infrastructure Ltd
  2. Essar TTIL Ltd
  3. Xcel Telecom Ltd
  4. IMI Ltd

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for:
  1. Capital Expenditure;
  2. Overseas Acquisitions;
  3. Augmenting Long Term Working Capital requirement;
  4. General Corporate Purposes;
  5. Expenses related to Fresh Issue.

Nu Tek India Ltd IPO Information

»» Public Issue Open: July 29, 2008 to August 01, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 45,00,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 170/- to Rs 192/-
»» Market Lot: 30 Shares
»» Minimum Order Quantity: 30 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Spa Merchant Bankers Ltd, India Infoline Ltd
»» Registrar: Aarthi Consultants Pvt Ltd (Ph: +91-40-27638111 Email: info@aarthiconsultants.com)

Tuesday, July 15, 2008

Vishal Information Technologies Ltd IPO





Incorporated in 1994, Vishal Information Technologies Limited is one among the first few companies to venture in the field of ITES/BPO services. VITL is in the areas of data digitization, E-publishing and digital library. VITL is a subsidiary of Tutis Technologies who are into Biometric Products, Software Development and consulting. VITL has its branches in Mumbai and Chennai with a representative office in UK and UAE.

VITL is one of the pioneers in the concept called “Digital Library for Visually Impaired and Blind” in respect of Classic series. This concept was presented to an UK based institution who promotes the causes and challenges of visually impaired and blind. This concept on e-publishing for visually impaired involves conversion of small print books to large print books and make available as ready to print PDF both in digital, talking book and print format.

Presently VITL focuses on the following business verticals:

  1. Data digitization
  2. E-Publishing
  3. Digital Library
  4. Print on Demand (POD)

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
  1. To finance the cost of expansion of the facilities in Chennai;
  2. To finance the cost of setting up of Quality Assurance Center and Marketing office in Mumbai;
  3. To set up a subsidiary in the United Kingdom and United States of America;
  4. General Corporate Purposes;
  5. Meeting the Public Issue Expenses.

Vishal Information Technologies Ltd IPO Information

»» Public Issue Open: July 21, 2008 to July 24, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 27,90,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 140/- to Rs 150/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Keynote Corporate Services Ltd
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-25960320 Email: vitl.ipo@intimespectrum.com)

Birla Cotsyn (India) Limited IPO




Incorporated in 1941, Birla Cotsyn (India) Limited promoted by Yash Birla group is engaged in cotton Ginning, Pressing & Oil expelling. After the acquisition of Assets of Khamgaon Syntex (I) Ltd at MIDC, company is also into manufacture of Synthetic yarn.

The Company produces high quality Synthetic, blended Ring Spun Yarns for usage in Woven and Knitted Fabrics, Textiles, Blankets, Towels, Upholstery, Furnishings, Curtains, Bed sheets, Made-up and Industrial Fabrics. Birla has excellent sales network in India and abroad for Grey and Dyed Solid Griddles, Fancy, Industrial Knitting and Sewing Ring Spun Yarns in various blends and count range from NE 8s to 60s.

Birla has got wide network through out India in major textile centers namely Hilary, Indore, Mumbai, Surat, Ahemedabad, Solapur, Kanpur Meerut, Delhi, Amritsar, Ludhiana,.Paniput, Ichalkaranji, Bhagalpur, Calcutta etc. Company exports its products to Yeman and Turkey. In Surat , Bhagalpur and Calcutta Birla is the leading Supplier of 100% Viscose fancy yarn.like Neps, Slubs, and Slub Neps. In Kanpur and Meerat company is selling P/V dyed fancy yarn like Vardhan Khadi and silky base. In Bhilwara and Indore Birla is selling mainly suiting yarn, P/V grey and dyed poly propelene yarn used in filter fabric. In Amritsar, Ludhiana, and Paniput, 100% staple yarn is being sold which is used in Furnishing Fabrics and home textiles. In Delhi, 100% staple and P/V yarn , used in shoe Lining fabric and fancy decorative fabrics is marketed. Birla was the first to introduce P/V yarn in the Towel segment of the Solapur market. Birla Cotsyn sells its products through reputed agents with strong net work in India and in overseas markets like Yeman and Turkey.

Birla Cotsyn is having its units located at the following places:

  1. Sheagaon Road, Khamgaon, Dist. Buldhana, Maharashtra
  2. MIDC, Khamgaon, Dist. Buldhana, Maharashtra Ghataji, Maharashtra (acquired under business transfer agreement from Khamgaon Syntex (India) Ltd
  3. Ghatanji, Maharashtra
  4. Parola Road, Dhule, Dist. Yavatamal, Maharashtra and
  5. MIDC Area, Malkapur, District Buldhana, Maharashtra, (under implementation).

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. Expansion Of Integrated Textile Project At Khamgoan And Malkapur;
  2. Set up a garment manufacturing plant;
  3. Establish retail outlets;
  4. General corporate purposes;
  5. Meeting the Public Issue Expenses.

Birla Cotsyn (India) Limited IPO Information

»» Public Issue Open: June 30, 2008 to July 09, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: [ ] Equity Shares aggregating Rs 144.18 Crore
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 12/- to Rs 14/-
»» Market Lot: 350 Shares
»» Minimum Order Quantity: 350 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Allbank Finance Limited
»» Registrar: Adroit Corporate Services Pvt Ltd (Ph: +91-22-28596060 Email: veenashetty@adroit1.com)

Tuesday, June 24, 2008

KSK Energy Ventures Limited IPO




Incorporated in 2001, KSK Energy Ventures Limited is a power project development company in India, with track record of developing and operating power plants. KSK Energy supply power to a combination of industrial and state-owned consumers in India.

KSK Energy have operational power plants capable of generating 144 MW of power and are currently constructing, developing or planning power projects capable of generating an aggregate of 8,993 MW of power, which they sell or intend to sell under a combination of long-term, medium-term and short-term power purchase agreements (“PPAs”) to industrial and state-owned consumers.

KSK energy power projects are as follows

Three power plants (aggregating 144 MW) that are fully operational:

  1. Arasmeta, a 43 MW coal based power plant in Chhattisgarh;
  2. Sai Regency, a 58 MW natural gas based power plant in Tamil Nadu;
  3. Sitapuram, a 43 MW coal based power plant in Andhra Pradesh.

Two power projects (aggregating 675 MW) that are under construction:

  1. VS Lignite, a 135 MW lignite based power project in Rajasthan;
  2. Wardha, a 540 MW coal based power project in Maharashtra.

Three power projects (aggregating 1,973 MW) under development for which they have either Secured Debt Financing or Entered into Term Sheets and are Negotiating Debt Financing Agreements:

  1. Arasmeta Expansion, a 43 MW expansion of the existing Arasmeta power plant;
  2. Wardha Chhattisgarh, a 1,800 MW coal based power project in Chhattisgarh;
  3. KSK Dibbin, a 130 MW, a run-of-the-river hydro-electric power project in Arunachal Pradesh.

Five power projects (aggregating 6,345 MW) that are planned:

  1. KSK Narmada, a 1,800 MW coal based power project in Chhattisgarh;
  2. JR Power, a 1,800 MW coal based power project in Orissa;
  3. Wardha Naini, a 1,800 MW coal based power project in Orissa;
  4. Kameng Dam, a 600 MW run-of-the-river hydro-electric power project in Arunachal Pradesh;
  5. Kameng Basin projects, a group of seven run-of-the-river hydro-electric power stations aggregating 345 MW in Arunachal Pradesh.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. Investment in Wardha Power Company Private Limited, a Subsidiary, to finance the equity component of the 1,800 MW coal-based thermal power plant at Wardha Chhattisgarh (the “Wardha Chhattisgarh”);
  2. Investment in KSK Dibbin Hydro Power Private Limited, a Subsidiary, to finance the equity component of the 130 MW run-of-the-river hydro power plant at Dibbin, Arunachal Pradesh (the “Dibbin Project”);
  3. Repayment of corporate loans;
  4. General Corporate Purposes;
  5. Meeting the Public Issue Expenses.

KSK Energy Ventures Ltd IPO Information

»» Public Issue Open: June 23, 2008 to June 25, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 3,46,11,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 240/- to Rs 255/-
»» Market Lot: 25 Shares
»» Minimum Order Quantity: 25 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Kotak Mahindra, IDFC-SSKI, Morgan Stanley, Lehman Brothers & Edelweiss Capital Ltd
»» Registrar: Karvy Computershare Pvt Ltd (Ph: +91-40-23420815 Email: mrvs@karvy.com)

Somi Conveyor Beltings Limited IPO




Incorporated in 2000, Somi Conveyor Beltings Limited (SCBL) is a manufacturer and exporter of Rubber Conveyor Belts of all grades for material handling. Conveyor belts are used in a wide variety of material transport applications such as manufacturing, food processing, and heavy industries.

The main user industries for Rubber Conveyor Belts are cement, steel, power, fertilizer, coal mines, mineral mines, chemicals and recently, food grade belts have been introduced, which are being used by tea gardens and salt manufacturers. These belts are also used for material handling of finished goods in packaging lines.

The Company’s unit is located at RIICO, Sangaria Industrial Area, District Jodhpur, Rajasthan. The Company commenced its commercial production in February 2002 with an initial capacity of 36,000 running meters of conveyor belts per annum, which was gradually increased to 72,000 meters per annum. Over the years, the capacity of the unit has increased to 1,67,660 meters.

Somi Conveyor Beltings Ltd's sister concerns are:

  1. Earth Mover Enterprises
  2. Oliver Micon Inc.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. Setting up of new manufacturing unit;
  2. Purchase of Land and Building for the office premises;
  3. Meeting margin money required for the enhanced working capital;
  4. To meet the working capital requirement;
  5. To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;
  6. General corporate purposes.

Somi Conveyor Beltings Ltd IPO Information

»» Public Issue Open: June 24, 2008 to June 27, 2008
»» Public Issue Type: Fixed price
»» Public Issue Size: 62,27,860 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 35/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE
»» Lead Manager: Ashika Capital Ltd
»» Registrar: Mondkar Computers Pvt Ltd (Ph: +91-22-28257641 Email: somi_ipo@mondkarcomputers.com)

Thursday, June 12, 2008

Lotus Eye Care Hospital Limited IPO





Incorporated in 1997, Lotus Eye Care Hospital Limited is Coimbatore-based eye care hospital chain. Lotus own and operate four eye care hospitals in south India, two at Coimbatore, one at Salem and one at Tirupur.

Lotus eye care's main hospital is built on 1.2 acres of land in prime location at Peelamedu (Coimbatore) in the state of Tamilnadu. This facility is beneficial to the patients of Western and Northern districts in Tamilnadu, Kerala and Karnataka state.

Lotus has entered into Limca book of records for conducting international ophthalmic conference in high seas for the first time in the world.

Lotus sources of income are from outpatient, daycare and inpatient hospital services and retail sales in the pharmacy and optical.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. To finance expansion of the existing facilities;
  2. To finance establishing new centers with latest technology;
  3. To meet working capital requirement;
  4. General Corporate Purposes;
  5. Meeting the Public Issue Expenses.

Lotus Eye Care Hospital Ltd IPO Information

»» Public Issue Open: June 12, 2008 to June 17, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 1,00,00,000 Equity Shares
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 38/- to Rs 42/-
»» Market Lot: 150 Shares
»» Minimum Order Quantity: 150 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Keynote Corporate Services Ltd
»» Registrar: S.K.D.C Consultants Limited (Ph: 0422 6549995 Email: info@skdc-consultants.com)

Thursday, June 5, 2008

Multi Commodity Exchange of India Ltd (MCX) IPO




Incorporated in 2002, Multi Commodity Exchange of India Limited (MCX) is an independent and de-mutulised multi commodity exchange. MCX has permanent recognition from the Government of India for facilitating online trading, clearing and settlement operations for commodities futures market across the country. ISO 9001:2000 certified MCX is amongst the world's top three bullion exchanges and top four energy exchanges.

MCX offers trading in futures contracts based on 55 commodities from various market segments including bullion, energy, ferrous and non-ferrous metals, oils and oil seeds, cereals, pulses, plantations, spices, plastics and fibers. In the top ten commodity derivatives exchanges in the world, MCX is the largest silver exchange, the second largest natural gas exchange, the third largest gold exchange, the third largest crude oil exchange and the third largest copper exchange in terms of the number of contracts traded for each of these commodities for the period from January 1, 2007 to December 31, 2007.

Headquarter of MCX is in the financial capital of India, Mumbai and the average daily turnover of MCX is around USD 1.55 bn (Rs.7,000 Crore April 2006), with a record peak turnover of USD 3.98 bn (Rs.17,987 crore) on April 20, 2006. In the first calendar quarter of 2006, MCX holds more than 55% market share of the total trading volume of all the domestic commodity exchanges. MCX is the first commodity futures exchange in India to offer trading in steel futures, and the first in India to launch futures trading in crude oil.

Key shareholders of MCX are Financial Technologies (I) Ltd., State Bank of India and it's associates, National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Ltd. (NSE), Fid Fund (Mauritius) Ltd. - an affiliate of Fidelity International, Corporation Bank, Union Bank of India, Canara Bank, Bank of India, Bank of Baroda, HDFC Bank, SBI Life Insurance Co. Ltd., Merrill Lynch and Citigroup.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. Expansion and Enhancement of the information technology infrastructure of the Exchange;
  2. Setting up of the Commodity Ecosystem Infrastructure;
  3. Equity investment in clearing corporation set up by MCX;
  4. Strategic investments and acquisitions;
  5. To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;
  6. General corporate purposes.

Multi Commodity Exchange of India Ltd IPO Information

»» Public Issue Open: *** to ***
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 10,000,000 Equity Shares of Rs. 5/-
»» Face Value: Rs. 5/-
»» Public Issue Price: *** to ***
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: DSP Merrill Lynch Ltd, Kotak, Citigroup, Enam Securities & JM Financial
»» Registrar: Karvy Computershare Pvt Ltd (Ph: +91-40-2342 0818 Email: einward.ris@karvy.com)

Archidply Industries Limited IPO




Incorporated in 1995, Archidply Industries Limited engaged in the business of plywood manufacturing for more than 30 years under the brand ‘Archidply’. Archidply Industries Limited is the flagship company of the Archidply group.

The Group has grown from a small saw mill in Assam to a modern state-of-the-art manufacturer of wood panel products and decorative surfacing products in three locations, Rudrapur, Mysore and Assam, with a network of branches, distributors and dealers across India.

Archidply Industries have been awarded ISO 9001: 2000 for quality management systems in manufacturing and marketing of wood and agro based panel products. Company has set up a large distribution network and operates through 16 marketing offices and 61 distributors and stockists. As on September 30, 2007, they have a network of 586 authorized dealers who in turn supply to more than 2,000 sub dealers / retailers, giving a pan India presence for marketing of their products. This ensures the availability of their products off-the-shelf in any corner of India. Archidply Industries has the manpower strength of 531 of which 137 are deployed for marketing as on September 30, 2007.

Archidply Industries Limited offers comprehensive engineered interior products which include:

  1. Plywoods - Marine Plywood, Fire Retardant Plywood, Shuttering Plywood, Densified Film Faced Plywood, BWR & MR Plywood, Lamyply and Lamyboard
  2. Block Board and Flush Doors - BWR & MR grade
  3. Particle Boards - plain, veneered and pre laminated particle board both in interior and exterior grade
  4. Decorative Laminates – range from 0.8mm to 1.5mm and post form laminates
  5. Decorative Veneers – Teak, natural exotic veneers, reconstituted veneers and dyed veneers

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. Setting up a new manufacturing facility of Plain Particle Board (PPB), Pre Laminated Board (PLB) and decorative plywood at Chintamani in Karnataka;
  2. Setting up a new manufacturing capacity for medium density fibreboard (MDF) at Rudrapur in Uttarakhand;
  3. Margin Money for Working Capital;
  4. General Corporate Purposes;
  5. Meeting the Public Issue Expenses.

Archidply Industries Ltd IPO Information

»» Public Issue Open: June 11, 2008 to June 17, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 66,15,720 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 70/- to Rs 80/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Motilal Oswal Investment Advisors Pvt Ltd
»» Registrar: Karvy Computershare Private Ltd (Ph: 1-800-3454001 Email: einward.ris@karvy.com)

First Winner Industries Limited IPO





Incorporated in 2003 First Winner Industries Ltd is engaged in the business of manufacturing & trading textile fabrics for wholesalers and apparel & garment manufacturers. Companies manufacturing facilities are located at MIDC, Tarapur, District Thane, Maharashtra and have around 100 installed looms.

Company has two subsidiaries as Ramshyam Textile Industries Limited and Realgold Exports Private Limited which are engaged in the same business. Both the subsidiaries are having manufacturing facilities at MIDC Tarapur, District Thane, Maharashtra.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. Setting up of an apparel manufacturing facility;
  2. Setting up of new weaving unit;
  3. Prepayment of Term Loan and
  4. Meeting the Public Issue Expenses.

First Winner Industries Ltd IPO Information

»» Public Issue Open: June 09, 2008 to June 12, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 55,00,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 120/- to Rs 130/-
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Almondz Global Securities Ltd
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-25960320 Email: firstwinner@intimespectrum.com)

Sejal Architectural Glass Limited IPO



Incorporated in 1999, Sejal Architectural Glass Limited engaged in the business of processing glass. They have processing facilities for Insulating, Toughened, Laminated glasses and for Decorative Glass as well.

Sejal Architectural have propose to set up a new manufacturing facility for float glass with a capacity of 2,00,750 MT per annum at Jhagadia, Dist. Bharuch, Gujarat. They have already acquired 6,08,540 sq. mts of land for this backward integration project and L&T has been awarded as the contractor for executing the construction and civil works.

The turnover of company in the year 2000-01 was Rs. 408.25 Lacs with the PAT of Rs. 48.24 Lacs. During the year 2006-2007 their turnover has increased to Rs. 3824.04 Lacs and PAT has increased to Rs.277.46 Lacs. Sejal's key clients consists of Reliance, K. Raheja, SP Fabricators, L&T, etc. Company's glass has been used in structures such as Inorbit Mall, Sun Pharma, K. Raheja IT Park in Hyderabad, Bangalore International Airport, Mumbai Airport & Domestic terminal. Company also operates its trading division from its premises named ‘Sejal Encasa’, which is located at Kandivali, Mumbai. This division trades in various in-house brands as well as other manufacturers products. The products traded include tiles, sanitaryware, mirrors, glass, etc. for home and commercial interiors.

The 3 SBUs of Sejal Architectural Glass Limited are:

  1. Architectural Glass Solutions
  2. Float Glass
  3. Sejal Encasa

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. Setting up of new manufacturing facility for the production of float glass;
  2. General Corporate Purposes;
  3. Meeting the Public Issue Expenses.

Sejal Architectural Glass Ltd IPO Information

»» Public Issue Open: June 09, 2008 to June 12, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 97,03,580 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 105/- to Rs 115/-
»» Market Lot: 60 Shares
»» Minimum Order Quantity: 60 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Saffron Capital Advisors Pvt Ltd
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-25960320 Email: sagl.ipo@intimespectrum.com)

Avon Weighing Systems Limited IPO




Incorporated in 1999, Avon Weighing Systems Limited engaged in the business of selling weighing systems in India. Avon is classified as small scale industry. Avon is the authorized dealer and one of the distributors of A&D and Tanita’s weighing systems in India.

A&D is the third largest manufacturer of weighing systems in the world and they manufactures Analytical balances, Precision industrial balances, Moisture meters, Laboratory balances, Jewellery scales, Table top balances, Platform scales, Compact scales, Load cells, Weighing indicators and Viscosity meter etc. TANITA Corporation is one of the largest manufacturers for personal weighing scales, Mechanical/Digital bathroom & body fat monitor/scales, digital baby scale, professional fitness products - body composition analyzers/scales, etc.

Currently, they have manufacturing plant in Baddi (H.P.) where Avon manufactures the compact scales, platform scales, weighbridge & Tablet Calculation Systems- Auto Feeders with SQC software. They are mainly focusing into the industries like jewellery, Fitness centers, Hospitals, Clinics, Hotels & Shopping Malls.

Avon's clients are:

  1. Sports Fuel
  2. Larsen & Toubro Limited
  3. Pantaloon Retail (India) Ltd
  4. Rusan Pharma Ltd
  5. Glenmark Pharmaceuticals Ltd
  6. Godrej Industries Ltd
  7. Reliance Life Sciences Pvt Ltd, etc.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. Setting-up a full fledged manufacturing facility for indigenous manufacture of a particular range of weighing systems;
  2. Setting-up furniture & fixtures at factory, corporate office & showrooms;
  3. Setting-up computers and software and SAP systems;
  4. Contingency Provision;
  5. To meet the working capital requirement;
  6. To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;
  7. General corporate purposes.

Avon Weighing Systems Ltd IPO Information

»» Public Issue Open: June 09, 2008 to June 12, 2008
»» Public Issue Type: Fixed price
»» Public Issue Size: 98,36,400 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 10/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE
»» Lead Manager: Keynote Corporate Services Ltd
»» Registrar: Datamatics Financial Services Ltd (Ph: +91-22-66712151 Email: dnyanesh_gharote@vsnl.com)

Bafna Pharmaceuticals Limited IPO





Incorporated in 1995, Bafna Pharmaceuticals Limited is engaged in the business of manufacturing pharmaceutical formulations of Betalactum and Non Betalactum products. The Company manufactures 126 formulations under various therapeutic segments, such as anti-infective, cholesterol lowering agents, analgesic and antipyretic, antihelmintics, appetite stimulants, cough and cold preparations, antiulcerants anti diabetic, and vitamins.

In 2006, Bafna has set up an 100% EOU unit at Madhavaram for the production of tablets and capsule with a capacity of 6973.20 lacs and 2462.40 lacs. The unit has been WHO GMP certified and also ISO 9000 certified. The products manufactured in this factory caters to the markets of Srilanka, Ghana and Ukraine. Bafna was involved in the execution of contracts for the generic division of M/s. Croslands from the period 1994 to 2001. Bafna was awarded the WHO GMP certification during the year 1995. Presently around 57 products of the company are registered in Srilanka, 4 products in Ukraine, 1 product in Ghana. The company received the Best Supplier award from the Srilankan Government during 2005.

The present installed capacity of different categories of products manufactured by Bafna are:

Products Installed capacity on one shift basis Madhavaram unit Installed capacity on one shift basis Madhavaram EOU unit Installed capacity on one shift basis Grantlyon unit
Tablets 8344.30 lacs 6973.20 lacs 7195.00 lacs
Capsules 2737.70 lacs 2462.40 lacs 2250.00 lacs
Oral syrups 417600 Litres - -

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
  1. To undertake Brand Building exercise in domestic & international markets;
  2. To part finance the cost of obtaining MHRA approval for Grantlyon unit;
  3. To set up a Research & Development unit at Grantlyon;
  4. To repay high cost debt;
  5. To meet the working capital requirement;
  6. To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;
  7. General corporate purposes.

Bafna Pharmaceuticals Ltd IPO Information

»» Public Issue Open: May 27, 2008 to May 30, 2008
»» Public Issue Type: Fixed price
»» Public Issue Size: 64,00,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 40/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE
»» Lead Manager: Keynote Corporate Services Ltd, Ashika Capital Ltd
»» Registrar: Cameo Corporate Services Ltd (Ph: +91-44-28460390 Email: cameo@cameoindia.com)







Incorporated in 1998, Niraj Cement Structurals Ltd is engaged in the business of infrastructure development, building roads, airport upgradation, bridges, airport runways, pavements, industrial structures, ready mix concrete and others. The company is operating from Mumbai and at present executing project in Orissa and Maharashtra.

NCSL's have a fleet of construction equipment all of which they own directly or through their joint ventures. As on date the Company owns Slipform Paver of Gomaco USA, Slipform Paver suitable for paving upto 16 mets of Gunteret & Zimmerman of USA. Transit Mixers of BNK Italy , Taurus Tippers with HYVA (Holland) hydraulic arrangements, Crusher 130M3/H Puzzolana, Batching Plant of 160 cum/hr of Simem Italy, Dry Lean concrete (DLC) paver of Ingersoll Rand, Switzerland make, Motor graders of Volvo, Earthmoving machineries of L&T Komatsu, Volvo, Escorts and many other machineries required for Construction and Infrastructure Projects for qualitative and quantitative output. All the equipments are with computerized operation and maintenance.

The list of projects completed by company:

  1. Worli Bandra Sea Link Package-III – Construction of solid approach road from end of improved Mahim flyover upto start of toll plaza area on Bandra side;
  2. Construction of Apron Flooring in connection with Construction of Air India Hanger Project, Mumbai;
  3. Construction of Dry Lean Concrete & Pavement Quality with Slip Form Paver at Part Kon to Kalamboli;
  4. Replacement of existing concrete pavement (apron) panels in front of Air India Hanger No. 1 & 2 at Old Airport;
  5. Construction of New Fire Station at Mumbai Airport Mumbai, SH Rigid Pavement;
  6. Execution of Track linking works in between Tomka-Keonjhar on E.C. Railway.

The Major Projects currently under execution:

  1. Widening to 4/6 lanes and strengthening of existing 2 lane carriageway of NH-60 in the state of Orissa;
  2. Widening and construction of LBS Marg from Sion to Kanjurmarg;
  3. Widening and construction of LBS Marg from Kanjurmarg to Mulund Check Naka;
  4. Dam & Spilway under Tuirial Hydro Electric Power Station Project Mizoram;
  5. Strengthening and Extension of Container Yard at NMPT With Paver Blocks;
  6. Providing Heavy Duty Pavement in Mangalore;
  7. Providing Paver Block Pavement at Main Gate, KK Gate and Seamen’s Circle Junction in the Wharf Area in Mangalore etc.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. Investment in capital equipment;
  2. Funding long term working capital requirements;
  3. To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;
  4. General corporate purposes.

Niraj Cement Structurals Ltd IPO Information

»» Public Issue Open: May 26, 2008 to May 30, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 32,50,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 175/- to Rs 190/-
»» Market Lot: 30 Shares
»» Minimum Order Quantity: 30 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE
»» Lead Manager: Allbank Finance Limited
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-25960320 Email: ncsl@intimespectrum.com)