Texmo Pipes & Products Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,450,000 (49%) | — | ₹2,205 Cr |
| NII (HNI) | — | 735,000 (15%) | — | ₹662 Cr |
| Retail | — | 1,715,000 (34%) | — | ₹1,544 Cr |
| Employee | — | 100,000 (2%) | — | ₹9 Cr |
| Σ Total | — | 5,000,000 (100%) | — | ₹45,000 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 | 75 | ₹6,750 |
| Retail (Max) | 13 | 975 | ₹87,750 |
| S-HNI (Min) | 14 | 1,050 | ₹94,500 |
| B-HNI (Min) | 67 | 5,025 | ₹452,250 |
Financial Statements Amount in Lakhs
| Metric | 30-Oct-09 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | 4,310 | 4,703 | 5,908 |
| Profit After Tax | 336 | 433 | 426 |
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 Expansion of product range; – 11.326
- 2 Setting up manufacturing facilities for injection mouldings/fittings and woven sacks – 22.063
- 3 Meeting long term working capital requirements; – 10.000
- 4 General corporate purposes; and – 0.486
- 5 Issue expenses – 5.875
Company Overview
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.