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Somi Conveyor IPO is a fixed price issue of Rs 21.80 crores.
Somi Conveyor IPO bidding started from June 24, 2008 and ended on June 27, 2008. The shares got listed on BSE on July 24, 2008.
Somi Conveyor IPO price is ₹35 per share.
Ashika Capital Ltd is the book running lead manager of the Somi Conveyor IPO, while Mondkar Computers Private Limited is the registrar for the issue.
Refer to Somi Conveyor IPO DRHP for detailed information.
| IPO Date | June 24, 2008 to June 27, 2008 |
| Listing Date | July 24, 2008 |
| Face Value | ₹10 per share |
| Price | ₹35 per share |
| Lot Size | |
| Total Issue Size | 6,227,860 shares (aggregating up to ₹21.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE |
Incorporated in 2000, Somi Conveyor Beltings Limited (SCBL) is a manufacturer and exporter of Rubber Conveyor Belts of all grades for material handling. Conveyor belts are used in a wide variety of material transport applications such as manufacturing, food processing, and heavy industries.
The main user industries for Rubber Conveyor Belts are cement, steel, power, fertilizer, coal mines, mineral mines, chemicals and recently, food grade belts have been introduced, which are being used by tea gardens and salt manufacturers. These belts are also used for material handling of finished goods in packaging lines.
The Company�s unit is located at RIICO, Sangaria Industrial Area, District Jodhpur, Rajasthan. The Company commenced its commercial production in February 2002 with an initial capacity of 36,000 running meters of conveyor belts per annum, which was gradually increased to 72,000 meters per annum. Over the years, the capacity of the unit has increased to 1,67,660 meters.
Somi Conveyor Beltings Ltd's sister concerns are:
1. Earth Mover Enterprises
2. Oliver Micon Inc.
| Particulars | For the year/period ended (Rs. in lacs) | ||||
| 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | 31-Mar-03 | |
| Total Income | 1548.01 | 1205.10 | 747.02 | 364.42 | 97.89 |
| Profit After Tax (PAT) | 134.99 | 95.26 | 10.84 | 6.33 | 0.78 |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Setting up of new manufacturing unit;
2. Purchase of Land and Building for the office premises;
3. Meeting margin money required for the enhanced working capital;
4. To meet the working capital requirement;
5. To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;
6. General corporate purposes.
| Listing Date | July 24, 2008 |
| BSE Script Code | 533001 |
| NSE Symbol | SOMICONVEY |
| ISIN | INE323J01019 |
| Final Issue Price | ₹35 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹35.00 |
| ₹37.65 |
| ₹24.70 |
| ₹37.65 |
| ₹25.90 |
Somi Conveyor Beltings Limited
4F-15, �Oliver House�,
New Power House Road,
Jodhpur-342001
Phone: + 91-291-2610472
Email: ipo@somiconveyor.com
Website: http://www.somiconveyor.com
Mondkar Computers Private Limited
Phone: 022 - 2836 6620 / 2825 7641
Email: somi_ipo@mondkarcomputers.com
Website: https://www.unisec.in/
Somi Conveyor IPO is a main-board IPO of 6,227,860 equity shares of the face value of ₹10 aggregating up to ₹21.80 Crores. The issue is priced at ₹35 per share. The minimum order quantity is .
The IPO opens on June 24, 2008, and closes on June 27, 2008.
Mondkar Computers Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE.
The Somi Conveyor IPO opens on June 24, 2008 and closes on June 27, 2008.
Somi Conveyor IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Somi Conveyor IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Somi Conveyor IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Somi Conveyor IPO allotment status.
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