Bookbuilding IPO | ₹39 Cr | Listed at BSE, NSE | Mon, Feb 1, 2010 - Wed, Feb 3, 2010
Emmbi Polyarns IPO is a book build issue of ₹38.96 crores. The issue is entirely a fresh issue of 0.87 crore shares of ₹38.96 crore.
Emmbi Polyarns IPO bidding started from Feb 1, 2010 and ended on Feb 3, 2010. The shares got listed on BSE, NSE on Feb 24, 2010.
Emmbi Polyarns IPO price band is set at ₹45 per share. The lot size for an application is 150. The minimum amount of investment required by an retail is ₹6,750 (150 shares) (based on upper price). The lot size investment for sNII is 30 lots (4,500 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (22,350 shares), amounting to ₹10,05,750.
The issue includes a reservation of up to 50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Keynote Financial Services Ltd. is the book running lead manager and Datamatics Business Soultions Ltd. is the registrar of the issue.
Refer to Emmbi Polyarns IPO RHP for detailed Information.
IPO Open
Mon, Feb 1, 2010
IPO Close
Wed, Feb 3, 2010
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹74.21 Cr
| IPO Date | 1 to 3 Feb, 2010 |
| Listed on | Wed, Feb 24, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹40 to ₹45 |
| Issue Price | ₹45 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 86,57,700 shares (agg. up to ₹39 Cr) |
| Fresh Issue | 86,57,700 shares (agg. up to ₹39 Cr) |
| Share Holding Pre Issue | 78,32,550 shares |
| Share Holding Post Issue | 1,64,90,250 shares |
| BSE Script Code / NSE Symbol | 533161 / EMMBI |
| ISIN | INE753K01015 |
Emmbi Polyarns IPO comprises a total issue size of 86,57,700 shares. The net offer to the public is 86,07,700 shares, after excluding 50,000 shares under a preferential allotment. Of the Net offer 43,03,850 (50.00%) are allocated to QIB, 12,91,155 (15.00%) allocated to NII 30,12,695 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 43,03,850 | 50.00% | 49.71% | NA |
| NII (HNI) Shares Offered | 12,91,155 | 15.00% | 14.91% | NA |
| Retail Shares Offered | 30,12,695 | 35.00% | 34.80% | 20,084 |
| Preferential Reservations | ||||
| Employee Shares Offered | 50,000 | 0.58% | NA | |
| Total Shares Offered | 86,57,700 | 100.00% | 100.00% | |
Investors can bid for a minimum of 150 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹6,750 |
| Retail (Max) | 29 | 4,350 | ₹1,95,750 |
| S-HNI (Min) | 30 | 4,500 | ₹2,02,500 |
| S-HNI (Max) | 148 | 22,200 | ₹9,99,000 |
| B-HNI (Min) | 149 | 22,350 | ₹10,05,750 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1994, Emmbi Polyarns Limited is engaged in the manufacture and sale of FIBC (Jumbo Bags) and Woven Sacks and various woven polymer based products like Container Liners, Protective irrigation system, Canal Liners, Flexi Tanks, Car covers etc. Emmbi Polyarns is one of the well established brands in the field of woven polyethylene and polypropylene product manufacturing industry. Company's manufacturing facility is located at Silvassa.
Emmbi specialize in high strength, low GSM FIBC with high safety factor. Emmbi Polyarns is among the first few global manufacturers to offer Jumbo Bags (FIBCs) with 130 GSM Bags, 5:1 Safety factor for 1000 KG Safe Working Load and 160 GSM Bags, 6:1 Safety Factor for 1500 KG Safe Working Load. Company's Extrusion machinery is capable of producing tapes with very high linear tenacity. Emmbi produce FIBCs of U+2 panel, Circular Jumbo bags, Baffle bags, All panel bags, Conductive FIBC and Static dissipative FIBCs.
In addition to FIBC they manufacture various woven polypropylene products including Small bags, Box woven bags, Roofing underlayment fabric, Courier bags, Ground covers, Silt fence and Geotextiles. They offer woven bags and fabrics in both PP and HDPE. Emmbi Polyarns products are UV stabilized and pre-conditioned against shrinkage.
Emmbi Polyarns products are mainly used in packaging, infrastructure, housing, disaster management and Hazardous waste disposal industry. Main products are:
• Flexible Intermediate Bulk Container (FIBC)
• Technical Textile
• Flexible Tanks
• Woven Sacks
• Car Covers
• Container Liners: Bulk Cargo Handling Systems.
• Anti Corrosive Packaging
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion in the present facility to increase the present installed capacity from 5,000 MTPA to 17,800 MTPA - Purchase of Land | 3.00 |
| 2 | Building | 6.00 |
| 3 | Plant and Machinery | 17.39 |
| 4 | Electrification and Plumbing | 1.26 |
| 5 | Contingencies | 1.17 |
| 6 | To meet the expenses towards Market Development. | 1.00 |
| 7 | Meet the working capital requirements of the Company | 6.25 |
| 8 | Meet the issue expenses | 3.29 |
| KPI | |
|---|---|
| RoNW | 17.46% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.17% | 47.09% |
| Market Cap | ₹74.21 Cr. |
The Emmbi Polyarns IPO is subscribed 1.2 times on February 3, 2010 5:00:00 PM (Day 3). The public issue subscribed 0.46 times in the retail category, 0.43 times in the QIB category, and 5.55 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.43 | 47,62,000 | |
| NII | 5.55 | 14,28,600 | |
| Retail | 0.46 | 33,33,400 | |
| Employee | 0.01 | 50,000 | |
| Total | 1.2 | 95,74,000 |
The issue has been graded by Credit Analysis and Research Limited (CARE) and has been assigned the 'CARE IPO Grade 2' indicating below average fundamentals.Click here to download the CARE IPO Grading Document for Emmbi Polyarns Limited
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹45.00 | ₹45.00 |
| Open | ₹45.50 | ₹46.00 |
| Low | ₹26.50 | ₹26.65 |
| High | ₹48.35 | ₹48.30 |
| Last Trade | ₹28.65 | ₹28.75 |
Lead Manager Reports
Emmbi Polyarns IPO is a main-board IPO of 86,57,700 equity shares of the face value of ₹10 aggregating up to ₹39 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 150.
The IPO opens on Mon, Feb 1, 2010, and closes on Wed, Feb 3, 2010.
Datamatics Business Soultions Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Emmbi Polyarns IPO using UPI as a payment gateway. Zerodha customers can apply in Emmbi Polyarns IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Emmbi Polyarns IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Emmbi Polyarns IPO opens on Mon, Feb 1, 2010 and closes on Wed, Feb 3, 2010.
Emmbi Polyarns IPO lot size is 150, and the minimum amount required for application is ₹6,750.
You can apply in Emmbi Polyarns 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 Emmbi Polyarns IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Emmbi Polyarns IPO allotment status.
The Emmbi Polyarns IPO listing date is on Wed, Feb 24, 2010.
