Abhishek Mills Ltd IPO (Abhishek Mills IPO) Detail

Feb 20, 2007 - Mar 1, 2007

Abhishek Mills Limited Kolhapur, Maharashtra based company involve in two businesses, yarn manufacturing and construction.

Abhishek Mills Limited has 33120 spindles producing 100% combed cotton yarn catering to the demand for finer count in the premium segment of combed cotton yarn in the export market. Company exports its cotton yarn to European countries like Germany, Italy, Switzerland and other countries including Vietnam, Bahrain, Hong Kong, Russia, Korea and Mauritius.

Abhishek Mills Limited entered into construction business in the year 2000 and undertook job work for Morbe dam (earthern) project on Dhavri River.

For six months ended on 30th September, AML posted sales of Rs.40.86 cr. with a PAT of Rs.6.73 cr. while for FY06 it recorded a turnover of Rs.67.35 cr. with a PAT of Rs.12.81 cr.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital to
1. To part fund the Expansion Project;
2. To meet the working capital requirements for the Expansion Project.

Issue Detail:

  »»  Issue Open: Feb 20, 2007 - Mar 1, 2007
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 4,100,000 Equity Shares of Rs 10 aggregating up to Rs 41.00 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs. 90 - Rs. 100 Per Equity Share
  »»  Market Lot: 60 Shares
  »»  Minimum Order Quantity: 60 Shares
  »»  Listing At: BSE, NSE

Company name has been changed to Abhishek Corporation Limited.

IPO Notices

External Link

Revision in Abhishek Mills Ltd. Book Building Issue (Source NSE):

Book Running Lead Manager to the issue has informed the Exchange that the issue will close on March 01, 2007 instead of the earlier closing day of February 26, 2007. Further price band has been revised from Rs.95/- to Rs.110/- per share to Rs.90/- to Rs.100/- per share.

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved
Day 1 - Feb 20, 2007 17:00 IST0.00000.00000.00040.00000.0000
Day 2 - Feb 21, 2007 17:00 IST0.00000.00000.00090.00000.0000
Day 3 - Feb 22, 2007 17:00 IST0.00000.31120.00320.00000.0500
Day 4 - Feb 23, 2007 17:00 IST0.00000.31700.00620.23060.0600
Day 5 - Feb 26, 2007 17:00 IST0.03100.42270.27891.00010.2200
Day 6 - Feb 27, 2007 17:00 IST0.03100.42270.29141.00070.2200
Day 7 - Feb 28, 2007 17:00 IST0.13360.42610.29151.00070.2700
Day 8 - Mar 1, 2007 17:00 IST1.16143.85500.31751.00071.2600

Abhishek Mills IPO Prospectus

Abhishek Mills IPO Rating

Rating:Rated 3.2 stars

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Abhishek Mills IPO Listing Date

  •   ›  Listing Date: Monday, March 19, 2007
  •   ›  BSE Script Code: 532831
  •   ›  NSE Symbol: ABHISHEK
  •   ›  Listing In: B1 Group
  •   ›  ISIN: INE004I01017
  •   ›  Issue Price: Rs. 100.00 Per Equity Share
  •   ›  Face Value: Rs. 10.00 Per Equity Share

Listing Day Trading Information

Issue Price:Rs. 100.00
Open:Rs. 94.00
Low:Rs. 79.40
High:Rs. 100.45
Last Trade:Rs. 91.15
Rs. 100.00
Rs. 85.15
Rs. 78.15
Rs. 100.65
Rs. 91.25

Abhishek Mills IPO News Alerts

  1. Monday, March 19, 2007 12:00:00 AM
    Abhishek Mills Ltd. IPO - Listing
  2. Friday, March 16, 2007 8:34:00 AM
    Abhishek Mills Limited IPO Listing
  3. Wednesday, March 14, 2007 6:54:00 AM
    IPO Allotment - Abhishek Mills Limited (AML)
  4. Thursday, March 1, 2007 12:00:00 AM
    Abhishek Mills Ltd IPO - Close
  5. Tuesday, February 20, 2007 12:00:00 AM
    Abhishek Mills Ltd IPO - Open
  6. Wednesday, February 14, 2007 10:50:00 PM
    Abhishek Mills Limited IPO Opening on Feb 20

Company Contact Information

Abhishek Mills Ltd
Gat No. 148, amgaon, Kolhapur-Hupari Road,
Taluka Karveer,
District Kolhapur, Maharastra
Phone: + 91 231 2676191
Fax: + 91 231 2676194

Abhishek Mills IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969

Abhishek Mills IPO Lead Manager(s)

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Abhishek Mills IPO Review / Comments

7. amitkumararora  Mar 16, 2007 12:20:57 PM IST
It is listing on 19.03.2007 i.e. monday.Circular Released
on NSE
Amd Metplast is also listing on same Day.
Good luck.

Hope Retail allottees will be able to recover their Hard
Earned Money??????????????????
6. venkatesan  Mar 16, 2007 11:26:24 AM IST
any pls tell me the listing date of AML
5. zakir hussain  Mar 16, 2007 11:24:40 AM IST
any pls tell me when is the listing date of AML.
4. Pritam  Feb 27, 2007 3:55:16 AM IST
do not go for this ipo, sell it off on listing, This company is going to take atleast 2 years to develop
3. manish bhatiya  Feb 26, 2007 5:56:22 AM IST
chitan come out of an ipo dreamrun.because of sebi ban certain broker for doing insider trading in atlanta.i think now it is time to play safe in ipo.invest in only good ipo will give u return.if u keep on applying blindly in every ipo at the end of the day u are loser.
play safe:- (buy cinemax@120)
(buy akruti@390)
(buy cairn@120)
(buy shobha@700)
(buy atlanta@500)
(buy pyramid)
(buy tanla @cmp(2%circuit))
2. manish  Feb 25, 2007 9:52:22 PM IST
i think because of poor mkt condition ,this will definately not going to fully oversubscribe & it will allot ipo at lowerband & date may going to extend like vejeshwari textile
1. chintan  Feb 17, 2007 9:47:07 PM IST
this is a very good ipo 100% export i think open on 150RS RUPEES
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