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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: 100% Book Built Issue IPO
  »»  Issue Size: 4,100,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 41.00 Crore
  »»  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

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 & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Employee ReservationsTotal
Shares Offered / Reserved
 Day 1 - Feb 20, 2007 17:00 IST 0.0000 0.0000 0.0004 0.0000 0.0000 
 Day 2 - Feb 21, 2007 17:00 IST 0.0000 0.0000 0.0009 0.0000 0.0000 
 Day 3 - Feb 22, 2007 17:00 IST 0.0000 0.3112 0.0032 0.0000 0.0500 
 Day 4 - Feb 23, 2007 17:00 IST 0.0000 0.3170 0.0062 0.2306 0.0600 
 Day 5 - Feb 26, 2007 17:00 IST 0.0310 0.4227 0.2789 1.0001 0.2200 
 Day 6 - Feb 27, 2007 17:00 IST 0.0310 0.4227 0.2914 1.0007 0.2200 
 Day 7 - Feb 28, 2007 17:00 IST 0.1336 0.4261 0.2915 1.0007 0.2700 
 Day 8 - Mar 1, 2007 17:00 IST 1.1614 3.8550 0.3175 1.0007 1.2600 

Abhishek Mills IPO News Alerts

  1. Friday, March 16, 2007 8:34:00 AM
    Abhishek Mills Limited IPO Listing
  2. Wednesday, March 14, 2007 6:54:00 AM
    IPO Allotment - Abhishek Mills Limited (AML)
  3. Wednesday, February 14, 2007 10:50:00 PM
    Abhishek Mills Limited IPO Opening on Feb 20

Abhishek Mills IPO Rating

   Rating: 3.2
32
3.2
Rating:Rated 3.2 stars

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Abhishek Mills IPO Listing Date

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

Listing Day Trading Information

BSE
Issue Price:Rs. 100.00
Open:Rs. 94.00
Low:Rs. 79.40
High:Rs. 100.45
Last Trade:Rs. 91.15
Volume:9,364,253
NSE
Rs. 100.00
Rs. 85.15
Rs. 78.15
Rs. 100.65
Rs. 91.25
6,599,103

Abhishek Mills IPO Prospectus

Company Contact Information

Registered Office :
    Gat No. 148, amgaon, Kolhapur-Hupari Road,
    Taluka Karveer,
    District Kolhapur, Maharastra
Phone: + 91 231 2676191
Fax: + 91 231 2676194
Email: abhicots@vsnl.com
Website: http://www.abhishekmills.com

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
Email: aml-ipo@intimespectrum.com
Website: http://www.linkintime.co.in

Abhishek Mills IPO Lead Manager(s)


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Abhishek Mills IPO Messages (Abhishek Mills IPO Comments)

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7. amitkumararora  Mar 16, 2007 1:20:57 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
amitkumararora's - IPO Comments,  Public Profile

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 12:26:24 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
venkatesan's - IPO Comments,  Public Profile

any pls tell me the listing date of AML

 

5. zakir hussain  Mar 16, 2007 12:24:40 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
zakir hussain's - IPO Comments,  Public Profile

any pls tell me when is the listing date of AML.

 

4. Pritam  Feb 27, 2007 4:55:16 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Pritam's - IPO Comments,  Public Profile

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 6:56:22 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
manish bhatiya's - IPO Comments,  Public Profile

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 10:52:22 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
manish's - IPO Comments,  Public Profile

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 10:47:07 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
chintan's - IPO Comments,  Public Profile

this is a very good ipo 100% export i think open on 150RS RUPEES

 

 

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