Incorporated in 2000, Somi Conveyor Beltings Limited (SCBL) is a manufacturer and exporter of Rubber Conveyor Belts of all grades for material handling. Conveyor belts are used in a wide variety of material transport applications such as manufacturing, food processing, and heavy industries.
The main user industries for Rubber Conveyor Belts are cement, steel, power, fertilizer, coal mines, mineral mines, chemicals and recently, food grade belts have been introduced, which are being used by tea gardens and salt manufacturers. These belts are also used for material handling of finished goods in packaging lines.
The Company’s unit is located at RIICO, Sangaria Industrial Area, District Jodhpur, Rajasthan. The Company commenced its commercial production in February 2002 with an initial capacity of 36,000 running meters of conveyor belts per annum, which was gradually increased to 72,000 meters per annum. Over the years, the capacity of the unit has increased to 1,67,660 meters.
Somi Conveyor Beltings Ltd's sister concerns are:
- Earth Mover Enterprises
- Oliver Micon Inc.
Objects of the Issue:
- The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
- Setting up of new manufacturing unit;
- Purchase of Land and Building for the office premises;
- Meeting margin money required for the enhanced working capital;
- To meet the working capital requirement;
- To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;
- General corporate purposes.
Somi Conveyor Beltings Ltd IPO Information
»» Public Issue Open: June 24, 2008 to June 27, 2008
»» Public Issue Type: Fixed price
»» Public Issue Size: 62,27,860 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 35/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE
»» Lead Manager: Ashika Capital Ltd
»» Registrar: Mondkar Computers Pvt Ltd (Ph: +91-22-28257641 Email: somi_ipo@mondkarcomputers.com)
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