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)