Kiri Dyes and Chemicals Limited IPO

Incorporated in 1998, Kiri Dyes and Chemicals Limited is engaged in the business of manufacturing of reactive dyes which are called synthetic organic dyes used for cotton fabrics like garments, dress materials, bed-sheets, carpets etc. The dyes are of basically colours like black, blue, red, orange, yellow and numerous variants of these basic colours identified by color index number internationally. The product range of company caters to textiles, leather, paint and printing-ink industries with total production capacity of 10800 MTPA.
The Industry produces a wide spectrum of products, which include Pharmaceuticals, Dyes, Man-made Fibers, Plastics, Pesticides, Fertilizers, Cosmetics and Toiletries, Paint, Auxiliary Chemicals and wide range of organic and Inorganic compounds for applications ranging from automobiles, textile industry, engineering industry, construction chemicals and food additives to veterinary and health care products.
The company is engaged in the business of manufacturing and marketing of:
Reactive Dyes – Synthetic Organic Dyes (S. O. Dyes)
Dyes Intermediate: Vinyl Sulphone
Dyes Intermediate: H-Acid
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
To fund the capital expenditure for setting up of a plant to manufacture Sulphuric Acid, Oleum and Chloro Sulphonic Acid with a combined capacity of 500 M.T. per day adjacent to its existing unit at Village Dudhwada, Taluka Padra, District Vadodara;
To fund the capital expenditure for Dyes and Intermediates Unit located at GIDC, Vatva, Ahmedabad;
To fund the additional working capital margin;
To meet Issue expenses;
To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
Kiri Dyes and Chemicals Ltd IPO Information
»» Public Issue Open: March 25, 2008 to April 02, 2008 »» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO) »» Public Issue Size: 3,750,000 Equity Shares of Rs. 10/- »» Face Value: Rs. 10/- »» Public Issue Price: Rs 125/- to Rs 150/- »» Market Lot: 45 Shares »» Minimum Order Quantity: 45 Shares »» Maximum Subscription Amount for Retail Investor: Rs 100,000/- »» Listing: BSE, NSE »» Lead Manager: Centrum Capital Limited, Elara Capital (India) Pvt Ltd »» Registrar: Cameo Corporate Services Ltd (Ph: +91-44-28460390 Email: cameo@cameoindia.com)