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Euro Multivision Limited IPO (Euro Multivision IPO) Detail

Sep 22, 2009 - Sep 24, 2009        
  
   

Incorporated in 2004, Euro Multivision Limited (EML) is the second largest company engaged in the manufacturing of CD and DVD's. EML's manufacturing unit is situated at Taluka Bhachau, Kutch, Gujarat.

Company started with set up a plant for the manufacture of Compact Disc Recordables (CDRs) and Digital Versatile Disc Recordables (DVDRs). In 2005, Company added five manufacturing lines having an installed capacity of 720 Lac units of CDRs and 72 Lac units of DVDRs a year. In the year of 2006-07 company expanded the capacity by adding another 5 manufacturing lines with total installed capacity of CDRs to 1800 Lac units a year. These 10 manufacturing lines are interchangeable and convertible to manufacture DVDR and also compatible for manufacturing of pre recorded CD's and DVD's. EML is a part of EURO group which was promoted by Shri Nenshi Shah.

Company is planning to make an entry into the Photovoltaic business by manufacturing solar cells used for generation of electrical energy with a capacity of 40MW per year at a total cost of Rs.16756 lacs. Company is propose to set up this photovoltaic plant in a Special Economic Zone (SEZ). EML has already acquired 28.75 acres of land for setting up the SEZ adjacent to the existing manufacturing unit at Bhachau, Kutch, Gujarat.

Company Promoters:

Euro Multivision is promoted by three entrepreneurs:

1. Mr. Nenshi Shah - is the Non Executive Chairman and key founder of Company. He has also been a pioneer for few of other Group Companies like Euro ceramics Limited, Euro Merchandise (India) Limited, Subhnen Ply Private Limited etc. He was also the Chairman of Indian Council of Ceramic Tiles & Sanitary ware (ICCTAS) till July 2009.

2. Mr. Rayshi Shah - is the Non–Executive Director of Company. He is presently running a unit for manufacturing of household Plastic items and is marketing its product under the name of 'Paras Plastics'. He is also a promoter for Paras Ployplast Manufacturing Private limited.

3. Mr. Suresh Shah - is the Executive Director of Company. He has established renowned retail outlets in various parts of Mumbai by the name 'Rangoli'. He is responsible for all marketing activites of company such as the identification of markets, expansion of product market, brand building, introduction of new product range.

Company Financials:

ParticularsFor the year/period ended (Rs. in lacs)
31-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income7,357.439,035.845,893.134,476.45
Profit After Tax (PAT)183.74974.80640.74(128.69)

Objects of the Issue:

The objects of the Issue are:
1. To setup photovoltaic solar cell manufacturing unit;
2. Listing of securities on Stock Exchanges;
3. General Corporate Purposes.

Issue Detail:

  »»  Issue Open: Sep 22, 2009 - Sep 24, 2009
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 8,800,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 66.00 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 70 - Rs. 75 Per Equity Share
  »»  Market Lot: 90 Shares
  »»  Minimum Order Quantity: 90 Shares
  »»  Listing At: BSE, NSE

Euro Multivision Limited IPO Grading / Rating

CARE has assigned an IPO Grade 3 to Euro Multivision Limited IPO. This means as per CARE, company has 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. Link to download CARE rating document.

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 4,300,000  1,290,000  3,010,000  200,000  8,800,000 
 Day 1 - Sep 22, 2009 17:00 IST 0.0000 1.0786 0.2771 0.0000 0.2500 
 Day 2 - Sep 23, 2009 17:00 IST 0.6351 2.6103 0.4052 0.0018 0.8300 
 Day 3 - Sep 24, 2009 17:00 IST 1.2348 3.7807 1.8934 0.3119 1.8100 

Euro Multivision IPO News Alerts

  1. Thursday, October 15, 2009 8:12:02 AM
    Euro Multivision IPO listed at the discount of 29.07%
  2. Tuesday, October 13, 2009 7:37:09 AM
    IPO Listing - Euro Multivision Limited
  3. Wednesday, October 7, 2009 8:37:18 AM
    IPO Allotment - Euro Multivision Limited
  4. Thursday, September 24, 2009 8:30:06 AM
    Euro Multivision IPO finally subscribed 1.81 times
  5. Wednesday, September 23, 2009 8:37:34 AM
    Euro Multivision IPO subscribed 0.83 times on day 2
  6. Tuesday, September 22, 2009 8:58:43 AM
    Euro Multivision IPO subscribed 0.25 times on its day 1
  7. Tuesday, September 15, 2009 9:41:17 AM
    Upcoming IPO - Euro Multivision Limited

Euro Multivision IPO Rating

   Rating: 3.1
108
3.1
Rating:Rated 3.1 stars

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Euro Multivision IPO Listing Date

Listing Date:Thursday, October 15, 2009
BSE Scrip Code:533109
NSE Symbol:EUROMULTI
Listing In:'B' Group of Securities
Sector:IT - Peripherals
ISIN:INE063J01011
Issue Price:Rs. 75.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 75.00
Open:Rs. 70.00
Low:Rs. 51.60
High:Rs. 80.90
Last Trade:Rs. 53.20
Volume:20,729,385
NSE
Rs. 75.00
Rs. 75.00
Rs. 51.65
Rs. 80.70
Rs. 53.55
21,536,334

Euro Multivision IPO Prospectus

Company Contact Information

Registered Office :
    Boston House Ground Floor,
    Near Cinemagic Theatre, Suren Road,
    Chakala, Andheri (E), Mumbai
Phone: 91-22-40364036
Fax: 91-22-40364037
Email: info@euromultivision.com
Website: http://www.euromultivision.com

Euro Multivision 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: eml@rathi.com
Website: http://www.linkintime.co.in

Euro Multivision IPO Lead Manager(s)


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Euro Multivision IPO Messages (Euro Multivision IPO Comments)

  Post New Message ...  

112. Idiot  Dec 16, 2009 5:48:54 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Idiot's - IPO Comments,  Public Profile

Good......... buy it......it will go up very soon..its insider information...

 

111. Dr.Rajeshjainhuf  Nov 1, 2009 6:05:00 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Dr.Rajeshjainhuf's - IPO Comments,  Public Profile

Dear sir,
i have recd. refund slip having fefund order no.500373 dated 7/10/2009, amt.Rs.39000.00 cedited through ecs in my bank.
unfortunately ecs is not credited to bank till date.
Euromultivision pvt.ltd ipo.
app no.3472597

 

110. Ravi, Bangalore  Oct 31, 2009 3:08:26 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Ravi, Bangalore's - IPO Comments,  Public Profile

Euro Multivision 31.7- Target 29, 17, 15 Stop-Loss 48 in two weeks based on technical analysis.

Fundamentally its value is Rs.40. As such, long-term investors can ACCUMULATE in small lots below 27.

 

109. sanjeev  Oct 27, 2009 10:51:16 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sanjeev's - IPO Comments,  Public Profile

euro multivision directors pls take urs share high with in 1 month.i am having too much loss.in short month period .touch 72 price or give bonus to retail investors like.me give 1 to 1 bonus of shares to retail investors.to cover the loss.

 

108. Ravi, Bangalore  Oct 20, 2009 3:23:10 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Ravi, Bangalore's - IPO Comments,  Public Profile

It is fully valued at Rs.40 (if not over-valued).

Long-term investors could wait for correction and ACCUMULATE in small lots in Rs.27 to Rs.9 area.

Expect to cross all-time high of 80.7 in 2 - 3 years.

 

107. Raj  Oct 20, 2009 3:14:47 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Raj's - IPO Comments,  Public Profile

@105 Rama.
Thx. Done that already.

I generally wait for refund until the listing date. I started to worry only when I had not received the refund even after listing.

reg
raj

 

106. RAMA  Oct 20, 2009 3:10:10 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
RAMA's - IPO Comments,  Public Profile

@105: RAJ
You should write to registrar to the issue with application No to know about your refund.

 

105. Raj  Oct 20, 2009 2:02:45 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Raj's - IPO Comments,  Public Profile

@104 Rama
your so kind Rama. Please send it at the earliest.

Was it so difficult to understand? I was just trying to find out if it was only me who has not got the refund.

All you had to reply was "yes I have received my refund on so and so date" if you have received ur refund.

btb, the question still remains unanswered.

reg
raj

 

104. Rama  Oct 20, 2009 12:54:07 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Rama's - IPO Comments,  Public Profile

103.Raj

Thank you for posting your message requesting for the refund.
We will send your refund at the earliest.

 

103. Raj  Oct 19, 2009 7:18:47 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Raj's - IPO Comments,  Public Profile

WHERE IS MY REFUND!!!
Anyone, Anyword on REFUND would be appreciated. I haven't got the refund yet. Was the refund through ECS? Or was it through cheque? Has anyone got their refund?

reg
raj

 

102. rama  Oct 19, 2009 3:41:59 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
rama's - IPO Comments,  Public Profile

Now one can buy euro multivision with a 1 yeard target of 75-95. Next year EPS according to the management will be 10-12, so PE multiple would be around 6-10. SO it can trade at 72-130 range.

 

101. IPO Analyst  Oct 18, 2009 9:03:00 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
IPO Analyst's - IPO Comments,  Public Profile

Hi justis,
First u get educated and improve ur self then only u should blame to others.

 

100. justis  Oct 18, 2009 11:17:25 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
justis's - IPO Comments,  Public Profile

oweners are uneducated.shares may down below face value.

 

99. Rajesh  Oct 18, 2009 10:05:13 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Rajesh's - IPO Comments,  Public Profile

It will touch Rs 60 shortly

 

98. prakashipo  Oct 17, 2009 9:12:23 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
prakashipo's - IPO Comments,  Public Profile

dear omega,in that sense u r absolutely right .retail investor should not even think of this type of script..because over all we,retail investor r really looser..happy dipavli and happy prosprous new year to you all retail investor....

 

97. omega  Oct 17, 2009 8:53:58 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
omega's - IPO Comments,  Public Profile

Hi! prakashipo

Happy diwali to you,

i did not intend to tell people to buy euro vision . i wanted to tell that stay away from short sell and yes invet in a company with a good back ground history and good returns ..

i invet in good names may be even small like a biscuit company a rubber, plastic , textile manufacturing but never short sell (short sell is pure gamble)

 

96. omega  Oct 17, 2009 8:48:20 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
omega's - IPO Comments,  Public Profile

At post closing the euro multivision is at 44.55 in nse and 44.20 in bse , still a 4% gain from previous close.

also there are some 247995 quantity asking (buy)

now these are all those who are stuck in the short sell position ,

i never short sell , it always good to purchase little share at time and wait for good returns.

never short sell.. buy but what you can keep it for a long time...


happy diwali again..

 

95. prakashipo  Oct 17, 2009 8:43:21 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
prakashipo's - IPO Comments,  Public Profile

dear omega,sun may come may go. rain may come ,may not come,one thing is sure like euro tiles this euro multivision wwill not touch its issue priceof 75...are bhai you dont know inside story..maal ghar per pahunch gaya..duniya jaye bhad mein...this ais called ...EURO GROUP..

 

94. omega  Oct 17, 2009 8:25:36 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
omega's - IPO Comments,  Public Profile

hey today euro multivision perfmoed well, % gain 7.47%
open:40.80
close:46.05
previous close: 42.85
high:47.50
low:38.55
volume:4598673

i think a lot of people had short sell in this stock , and now they are stuck with it.

trust me one doesnot need to me too educated to start a good company, most of the ideas(great) ideas are with people who work from basic.

this are my views and yes when the petrol and rains are not on time , guess what is left to harvest the energy .
one nuclear power and other sun.

there is going to a future with soalr power vehicles...
may be even solar power Mobile phone..

any ways ..you think.. for me a long time and yes(a decade ) invest in a new techonlogy at a discounted premium price is always good... at least i can ask for a solar panel if my stock is not perfmoing well ...

happy diwali

 

93. Ravi, Bangalore  Oct 17, 2009 8:21:17 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Ravi, Bangalore's - IPO Comments,  Public Profile

92. Mad,

First you SELL & then BUY back. That is called short-selling. Nothing special about it.

You should square-off on same day itself. You cannot carry position to next trading session.

 

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