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)