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Chemtech Industrial Valves IPO is a fixed price issue of ₹7.45 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹7.45 crore.
Chemtech Industrial Valves IPO bidding started from Jan 15, 2014 and ended on Jan 17, 2014. The shares got listed on BSE SME on Jan 31, 2014.
Chemtech Industrial Valves IPO price is ₹15.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,40,000.
Choice Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Chemtech Industrial Valves IPO RHP for detailed Information.
| IPO Date | January 15, 2014 to January 17, 2014 |
| Listing Date | January 31, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 49,68,000 shares (aggregating up to ₹7.45 Cr) |
| Reserved for Market Maker | 2,80,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.4200 Cr) |
| Net Offered to Public | 46,88,000 shares (aggregating up to ₹7.03 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 65,19,333 shares |
| Share Holding Post Issue | 1,14,71,333 shares |
Chemtech Industrial Valves IPO offers total 49,52,000 shares. Out of which 23,36,000 (47.17%) allocated to NII, 23,36,000 (47.17%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,80,000 (5.65%) |
| NII (HNI) Shares Offered | 23,36,000 (47.17%) |
| Retail Shares Offered | 23,36,000 (47.17%) |
| Total Shares Offered | 49,52,000 (100.00%) |
Chemtech Industrial Valves IPO opens on January 15, 2014, and closes on January 17, 2014.
| IPO Open Date | Wed, Jan 15, 2014 |
| IPO Close Date | Fri, Jan 17, 2014 |
| Tentative Listing Date | Fri, Jan 31, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 17, 2014 |
Investors can bid for a minimum of 8,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹1,20,000 |
| Retail (Max) | 1 | 8,000 | ₹1,20,000 |
| HNI (Min) | 2 | 16,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1997, Chemtech Industrial Valves Ltd is an ISO 9001-2008 certified company, is engaged in the business of manufacturing carbon steel and stainless steel industrial valves of various types & sizes ranging from 15mm up to 4000mm. They manufacture and supply various types of ball, butterfly, globe, gate and check valves and have a significant customer base in the steel industry. They also supply their products to customers in the oil and gas (including petro-chemical) industry, infrastructure (including pipelines), process industries (including pharmaceuticals, chemicals, intermediaries and fertilizers), nuclear space and defence industry.
Company is a manufacturer of high quality valves. They have their manufacturing facilities at Wada, to suit most of the piping related requirements. Most of their valves are tailor made to meet customers’ specific requirements.
The Company Chemtech Industrial Valves IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Purchase of Plant & Machinery | 3.32 |
| 2 | Interiors of Corporate office at Thane | 1.09 |
| 3 | Incremental Working Capital Requirement | 2.93 |
| 4 | General Corporate Purposes | 0.60 |
| 5 | Issue expenses | 0.53 |
[Dilip Davda] <p> </p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong style="mso-bidi-font-weight: normal;"><span style="text-decoration: underline;"><span style="font-family: Calibri; font-size: medium;">AVOID</span></span></strong></p> <p> </p> Read detail review...
| Listing Date | January 31, 2014 |
| BSE Script Code | 537326 |
| NSE Symbol | |
| ISIN | INE212P01011 |
| Final Issue Price | ₹15 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹14.70 |
| Low | ₹14.25 |
| High | ₹15.30 |
| Last Trade | ₹14.95 |
Chemtech Industrial Valves Ltd.
105, Hiranandani Industrial Estate,
Opp. Kanjur Marg Railway Station,
Mumbai 400078, Maharashtra
Mumbai, Maharashtra
Phone: + 91-22- 2577 3308
Email: investors@chemtechvalves.com
Website: http://www.chemtechvalves.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Chemtech Industrial Valves IPO is a SME IPO of 49,68,000 equity shares of the face value of ₹10 aggregating up to ₹7.45 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on January 15, 2014, and closes on January 17, 2014.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Chemtech Industrial Valves IPO using UPI as a payment gateway. Zerodha customers can apply in Chemtech Industrial Valves IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chemtech Industrial Valves IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chemtech Industrial Valves IPO opens on January 15, 2014 and closes on January 17, 2014.
Chemtech Industrial Valves IPO lot size is 8000, and the minimum amount required for application is ₹1,20,000.
You can apply in Chemtech Industrial Valves IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Chemtech Industrial Valves IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Chemtech Industrial Valves IPO allotment status.
The Chemtech Industrial Valves IPO listing date is on Friday, January 31, 2014.
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