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
- Setting up of an Active Pharmaceutical Ingredients (API) plant at Jawaharlal Nehru Pharma City at Visakhapatnam with an installed capacity of 672 MTPA;
- General Corporate Purposes.
the Stock Exchanges & to raise capital:
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.