Fixed Price IPO | ₹25 Cr | Listed at BSE | Tue, Jan 17, 2006 - Sat, Jan 21, 2006
Sree Sakthi Paper Mills IPO is a fixed issue price of ₹25.00 crores. The issue is entirely a fresh issue of 0.83 crore shares of ₹25.00 crore.
Sree Sakthi Paper Mills IPO bidding started from Jan 17, 2006 and ended on Jan 21, 2006.
Sree Sakthi Paper Mills IPO is set final issue price at ₹30 per share.
Keynote Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to for detailed Information.
IPO Open
Tue, Jan 17, 2006
IPO Close
Sat, Jan 21, 2006
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹49.30 Cr
| IPO Date | 17 to 21 Jan, 2006 |
| Listed on | Thu, Feb 16, 2006 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Total Issue Size | 83,33,340 shares (agg. up to ₹25 Cr) |
| Fresh Issue | 83,33,340 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 81,00,000 shares |
| Share Holding Post Issue | 1,64,33,340 shares |
| BSE Script Code | 532701 |
| ISIN | INE266H01014 |
Sree Sakthi Paper Mills IPO comprises a total issue size of 83,33,340 shares. The net offer to the public is 66,66,672 shares, after excluding 16,66,668 shares under a preferential allotment. Of the Net offer 33,33,336 (50.00%) allocated to NII 33,33,336 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 33,33,336 | 50.00% | 40.00% |
| Retail Shares Offered | 33,33,336 | 50.00% | 40.00% |
| Preferential Reservations | |||
| Other Shares Offered | 16,66,668 | 20.00% | |
| Total Shares Offered | 83,33,340 | 100.00% | 100.00% |
Sree Sakthi Paper Mills Limited is a well-established manufacturer of Kraft Paper and Duplex Board, with its operations based in Ernakulam, Kerala. Since its inception, the company has built a strong operational foundation supported by robust infrastructure and utilities, employing a workforce of over 600 personnel across its facilities.
Incorporated in 1991, the company began with a modest production capacity of 15 tonnes per day of Kraft paper. Over the years, it has steadily expanded its capabilities and now operates two manufacturing units in Cochin, with a combined production capacity of 140 tonnes per day for both Kraft Paper and Duplex Board.
The company has earned a strong reputation in the market, reflected in its long-standing relationships with prominent clients such as Hindustan Lever Ltd., Britannia Industries Ltd., Hindustan Newsprint Ltd., Tamil Nadu Newsprint and Papers Ltd., Murudeshwar Ceramics Ltd., Marico Industries Ltd., McDowell, and Godrej. It also maintains solid credibility with leading financial institutions, having secured credit facilities from banks including State Bank of India, Federal Bank, Syndicate Bank, KSIDC, and HDFC Bank.
With an installed annual capacity of 41,600 tonnes, the company achieved an actual production output of 30,818 tonnes as of March 31, 2005, demonstrating consistent growth and operational efficiency.
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 38.70 | 36.75 | 29.99 | 27.96 |
| Total Income | 31.12 | 50.55 | 47.50 | 38.65 |
| Profit After Tax | 0.84 | 1.09 | 0.53 | 0.60 |
| NET Worth | 9.62 | 8.91 | 8.40 | 7.82 |
| Reserves and Surplus | 1.66 | 6.89 | 6.37 | 5.80 |
| Total Borrowing | 15.22 | 15.43 | 11.54 | 11.18 |
| 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 of Kraft Paper unit | 12.00 |
| 2 | Co-Generation Plant (2MW) | 7.00 |
| 3 | Additional Working Capital Requirement | 2.50 |
| 4 | Repayment of high cost Term Loans | 4.00 |
| 5 | Issue Expenses | 1.05 |
| Total | 26.55 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to intermediaries | 0.33 |
| 2 | Advertising and Marketing expenses | 0.24 |
| 3 | Brokerage (1.00 % of Issue size) | 0.25 |
| 4 | Printing and Stationary, Dispatch | 0.15 |
| 5 | Miscellaneous Expenses | 0.08 |
| Total | 1.05 |
| Price Details |
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Lead Manager Reports
Sree Sakthi Paper Mills IPO is a main-board IPO of 83,33,340 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹30 per share. The minimum order quantity is .
The IPO opens on Tue, Jan 17, 2006, and closes on Sat, Jan 21, 2006.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Sree Sakthi Paper Mills IPO using UPI as a payment gateway. Zerodha customers can apply in Sree Sakthi Paper Mills IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sree Sakthi Paper Mills IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sree Sakthi Paper Mills IPO opens on Tue, Jan 17, 2006 and closes on Sat, Jan 21, 2006.
Sree Sakthi Paper Mills IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sree Sakthi Paper Mills 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 Sree Sakthi Paper Mills IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sree Sakthi Paper Mills IPO allotment status.
The Sree Sakthi Paper Mills IPO listing date is on .
