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Somi Conveyor Beltings IPO is a fixed price issue of ₹21.80 crores. The issue is entirely a fresh issue of 0.62 crore shares of ₹21.80 crore.
Somi Conveyor Beltings IPO bidding started from Jun 24, 2008 and ended on Jun 27, 2008. The shares got listed on BSE on Jul 24, 2008.
Somi Conveyor Beltings IPO price is ₹35.00 per share .
Ashika Capital Ltd. is the book running lead manager and Mondkar Computers Pvt.Ltd. is the registrar of the issue.
Refer to Somi Conveyor Beltings IPO RHP for detailed Information.
| IPO Date | June 24, 2008 to June 27, 2008 |
| Listing Date | July 24, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹35 per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | 62,27,952 shares (aggregating up to ₹21.80 Cr) |
| Reserved for Private Promoter | 14,99,286 shares (aggregating up to ₹5 Cr) |
| Net Offered to Public | 47,28,666 shares (aggregating up to ₹16.55 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 55 shares |
| Share Holding Post Issue | 1,17,79,564 shares |
Somi Conveyor IPO offers total 47,28,574 shares. Out of which 4,72,860 (10.00%) allocated to QIB, 18,91,427 (40.00%) allocated to NII, 23,64,287 (50.00%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 4,72,860 (10.00%) |
| NII (HNI) Shares Offered | 18,91,427 (40.00%) |
| Retail Shares Offered | 23,64,287 (50.00%) |
| Total Shares Offered | 47,28,574 (100.00%) |
Somi Conveyor Beltings IPO opens on June 24, 2008, and closes on June 27, 2008.
| IPO Open Date | Tue, Jun 24, 2008 |
| IPO Close Date | Fri, Jun 27, 2008 |
| Tentative Listing Date | Thu, Jul 24, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 27, 2008 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
1. Earth Mover Enterprises
2. Oliver Micon Inc.
| Particulars | For the year/period ended (Rs. in lacs) | ||||
| 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | 31-Mar-03 | |
| Total Income | 1548.01 | 1205.10 | 747.02 | 364.42 | 97.89 |
| Profit After Tax (PAT) | 134.99 | 95.26 | 10.84 | 6.33 | 0.78 |
| KPI | Values |
|---|---|
| RoNW | 14.63% |
The Company Somi Conveyor IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (Rs. in crores) |
|---|---|---|
| 1 | Setting up of new manufacturing unit | |
| 2 | Purchase of Land and Building from the promoter (s) of the company for office purpose | |
| 3 | Meeting margin money required for the enhanced working capital. | |
| 4 | Meeting the interest cost during the construction period. | |
| 5 | Meeting the Expenses of the Issue. |
| Listing Date | July 24, 2008 |
| BSE Script Code | 533001 |
| NSE Symbol | SOMICONVEY |
| ISIN | INE323J01019 |
| Final Issue Price | ₹35 per share |
| BSE Listing Group | B |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹37.65 |
| Low | ₹24.70 |
| High | ₹37.65 |
| Last Trade | ₹25.90 |
Somi Conveyor Beltings Ltd.
4F-15, “Oliver House”,
New Power House Road
Jodhpur, Rajasthan, 342001
Phone: + 91-291-2610472
Email: ipo@somiconveyor.com
Website: http://www.somiconveyor.com
Mondkar Computers Pvt.Ltd.
Phone: 022 - 2836 6620 / 2825 7641
Email: somi_ipo@mondkarcomputers.com
Website: https://www.unisec.in/
Somi Conveyor Beltings IPO is a main-board IPO of 62,27,952 equity shares of the face value of ₹10 aggregating up to ₹21.80 Crores. The issue is priced at ₹35 per share. The minimum order quantity is .
The IPO opens on June 24, 2008, and closes on June 27, 2008.
Mondkar Computers Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Somi Conveyor Beltings IPO using UPI as a payment gateway. Zerodha customers can apply in Somi Conveyor Beltings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Somi Conveyor Beltings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Somi Conveyor Beltings IPO opens on June 24, 2008 and closes on June 27, 2008.
Somi Conveyor Beltings IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Somi Conveyor Beltings 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 Somi Conveyor Beltings IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Somi Conveyor Beltings IPO allotment status.
The Somi Conveyor Beltings IPO listing date is on Thursday, July 24, 2008.
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