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Texmo Pipes IPO is a book build issue of ₹45.00 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹45.00 crore.
Texmo Pipes IPO bidding started from Feb 16, 2010 and ended on Feb 19, 2010. The shares got listed on BSE, NSE on Mar 10, 2010.
Texmo Pipes IPO price band is set at ₹90.00 per share . The lot size for an application is 75. The minimum amount of investment required by an retail is ₹6,375 (75 shares). The lot size investment for sNII is 30 lots (2,250 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (11,175 shares), amounting to ₹10,05,750.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Almondz Global Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Texmo Pipes IPO RHP for detailed Information.
| IPO Date | February 16, 2010 to February 19, 2010 |
| Listing Date | March 10, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹85 to ₹90 per share |
| Issue Price Final | ₹90 per share |
| Lot Size | 75 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,00,000 shares (aggregating up to ₹45.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 62,70,000 shares |
| Share Holding Post Issue | 11,27,000 shares |
Texmo IPO offers total 50,00,000 shares. Out of which 24,50,000 (49.00%) allocated to QIB, 7,35,000 (14.70%) allocated to NII, 17,15,000 (34.30%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 24,50,000 (49.00%) | NA |
| NII (HNI) Shares Offered | 7,35,000 (14.70%) | NA |
| Retail Shares Offered | 17,15,000 (34.30%) | 22,866 |
| Employee Shares Offered | 1,00,000 (2.00%) | NA |
| Total Shares Offered | 50,00,000 (100.00%) |
| 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 |
Texmo Pipes IPO opens on February 16, 2010, and closes on February 19, 2010.
| IPO Open Date | Tue, Feb 16, 2010 |
| IPO Close Date | Fri, Feb 19, 2010 |
| Tentative Listing Date | Wed, Mar 10, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 19, 2010 |
Investors can bid for a minimum of 75 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 | 75 | ₹6,750 |
| Retail (Max) | 29 | 2,175 | ₹1,95,750 |
| S-HNI (Min) | 30 | 2,250 | ₹2,02,500 |
| S-HNI (Max) | 148 | 11,100 | ₹9,99,000 |
| B-HNI (Min) | 149 | 11,175 | ₹10,05,750 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2008, Texmo Pipes & Products Limited is engaged into manufacturing of range of PVC and HDPE pipes viz. suction & delivery hose pipe, rigid PVC pipes, elastomeric sealing ringfit PVC Pipe (Gasket Pipe), PVC casing and ribbed screen casing pipes, SWR pipe, plumbing pipe, conduit pipe, caping casing strips, column pipe, HDPE plain pipe, sprinkler pipe, PLB HDPE cable duct and drip irrigation system.
The pipes manufactured by Texmo suits the requirements of application in irrigation, agriculture, potable water supply schemes, sewerage and drainage systems, construction industry, telecom industry, and bore / tube well for underground water suction. Texmo Pipes has marketing presence in the states of Madhya Pradesh, Maharashtra, Uttar Pradesh, Gujarat, Andhra Pradesh and Rajasthan.
| Particulars | For the year/period ended (Rs. in Lakhs) | ||||
| 30-Oct-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 4309.53 | 4702.76 | 5908.09 | 2047.96 | 2248.56 |
| Profit After Tax (PAT) | 336.38 | 432.92 | 426.38 | 40.66 | 58.34 |
| KPI | Values |
|---|---|
| RoNW | 39.39% |
The Company Texmo IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Expansion of product range; | 113.26 |
| 2 | Setting up manufacturing facilities for injection mouldings/fittings and woven sacks | 220.63 |
| 3 | Meeting long term working capital requirements; | 100.00 |
| 4 | General corporate purposes; and | 4.86 |
| 5 | Issue expenses | 58.75 |
CARE has assigned an IPO Grade 2 to Texmo Pipes & Products Ltd IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Texmo Pipes & Products Ltd
| Listing Date | March 10, 2010 |
| BSE Script Code | 533164 |
| NSE Symbol | TEXMOPIPES |
| ISIN | INE141K01013 |
| Final Issue Price | ₹90 per share |
| BSE Listing Group | B |
Texmo Pipes & Products Ltd.
Texmo Pipes & Products Ltd,
98, Bahadarpur Road,
Burhanpur- 450 331, Madhya Pradesh
Burhanpur, Madhya Pradesh
Phone: +91-7325-255122
Email: rjaincs@texmopipe.com
Website: http://www.texmopipe.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: texmoipo@karvy.com
Website: https://ipostatus.kfintech.com/
Texmo Pipes IPO is a main-board IPO of 50,00,000 equity shares of the face value of ₹10 aggregating up to ₹45.00 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 75.
The IPO opens on February 16, 2010, and closes on February 19, 2010.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Texmo Pipes IPO using UPI as a payment gateway. Zerodha customers can apply in Texmo Pipes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Texmo Pipes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Texmo Pipes IPO opens on February 16, 2010 and closes on February 19, 2010.
Texmo Pipes IPO lot size is 75, and the minimum amount required for application is ₹6,750.
You can apply in Texmo Pipes 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 Texmo Pipes IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Texmo Pipes IPO allotment status.
The Texmo Pipes IPO listing date is on Wednesday, March 10, 2010.
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