Tulsi Extrusions Limited IPO

Incorporated in 1994, Tulsi Extrusions Limited is a manufacture of various types of PVC pipes and fabricated fittings. They have also procured one elastomeric sealing machine along with mandrels enabling to manufacture elastomeric sealing pipes. Compant sell their products under brand name “Tulsi”. They have ISO 9001:2000 certificate in respect of quality management systems since 2002. Company has marketing presence in the states of Maharashtra, Madhya Pradesh, Chattisgarh, West Bengal and Rajasthan.

The PVC pipe products manufactured by Company are to suit the requirements of application in agriculture, potable water supply schemes, sewerage and drainage systems, construction industry, telecom industry, bore well for underground water suction, etc., ranging from 20 mm diameter to 315 mm diameters in all pressure ratings.

Pursuant to the take-over of the specified assets and liabilities of M/s. Tulsi Pipe Industries, Narvada Industries and Gopal Extrusions Private Limited, Company’s manufacturing facilities are being operated at three different locations in MIDC, Jalgaon, Maharashtra. The total installed capacity as on March 31, 2007 is now 10,483 metric tonnes for PVC pipes & fabricated fittings.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. Expansion of our manufacturing facilities at Jalgaon, Maharashtra;
2. Meeting long term working capital requirements;
3. Purchase of branch offices;
4. Provision for Contingencies;
5. To meet the expenses of the Issue;
6. For General Corporate Purpose;

Tulsi Extrusions Limited IPO Information

»» Public Issue Open: February 01, 2008 to February 05, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 57,00,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs. 80/- to Rs. 85/- Per Equity Share
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager:Almondz Global Securities Limited
»» Registrar: Intime Spectrum Registry Limited (Ph: +91-22-2596 0320 Email: tulsiipo@intimespectrum.com)