Shree Pushkar Chemicals & Fertilisers Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 5,384,600 (50%) | — | ₹3,500 Cr |
| NII (HNI) | — | 1,615,380 (15%) | — | ₹1,050 Cr |
| Retail | — | 3,769,220 (35%) | — | ₹2,450 Cr |
| Σ Total | — | 10,769,200 (100%) | — | ₹70,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹13,000 |
| Retail (Max) | 13 | 2,600 | ₹169,000 |
| S-HNI (Min) | 14 | 2,800 | ₹182,000 |
| B-HNI (Min) | 67 | 13,400 | ₹871,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Acquisition of an existing factory within MIDC Industrial Area Lote-Parshuram bearing no. B-97 – 2.29
- 2 Setting up of facilities at B-97 for manufacture of : i. Reactive Dyes with a capacity of 3000 TPA ii. H-Acid with a capacity of 750 TPA iii. Vinyl Sulphone (VS) Ester with a capacity of 1,000 TPA – 41.59
- 3 Setting up of additional effluent treatment plant at the existing facility (Unit I) to make the unit a “Zero Discharge” unit – 4.88
- 4 Construction of additional Godown(s) at our existing facility (Unit II) for meeting the additional storage requirements for finished goods. – 2.38
- 5 General Corporate Purposes – 40,00,000.00
- 6 Preliminary & Pre-operative and Issue expenses – 7.00
Company Overview
Incorporated in 1993, Shree Pushkar Chemicals & Fertilisers Limited is Mumbai India based manufacturer of widest range of dye intermediates in India with zero waste. Company has a manufacturing facilities located at Lote Parshuram, Maharashtra.
Company is also amongst India's large manufacturers of K-Acid, a dye intermediate used to manufacture Reactive Dyes for dying of textiles, with an installed capacity of 960 MTPA as on March 31, 2015.
Company manufacture products in 4 major verticals:
1. Dye Intermediates,
2. Acid Complex (comprising sulphuric and its derivative acids),
3. Cattle Feed Supplement and
4. Fertilizers (Single Super Phosphate & Soil Conditioner).
As on Aug 10th 2015, company's Promoter and Promoter Group hold 87.96% while the balance 11.72% is held by IFCI Venture Capital Fund (IEDF). Company have a total workforce of 529 including 10 senior executives, 26 managerial and supervisory staff, 66 office staff, 125 skilled and unskilled workers, 54 contract labourers and 248 casual labourers.