Minimum one lot of 200 shares at cut-off price = Rs.13,000/- application money Maximum 15 lots of 200 shares each, i.e. 3000 shares at cut-off price = Rs.1,95,000/- application amount
No doubt company is good But few are points to b remembered 1-it is not a long term play 2-size is low so if retail portion will be oversubscribe .so no allotment
i beg to differ it could be a very longterm play many blue chips today were just a big vision and chemical is big money creator... many billionaires have made big money in this industry.... one such name is AMBANI anyway
made a Pre-IPO Allotment of 769,235 Equity Shares at a Price of ` 65/- per equity share aggregating to ` 50 million. so they are offering us also at the same price very good
asking 65 from books The Net AsValue per Equity Share based on restated financial statements under India GAAP as on Mach 31, 2014 and as on March 31, 2015 was ` 30.71 and 42.57respectively so it offer the share at not that premium which is very good leave a lot on the table for investors and new owners
financial year ended March 31, 2013 2014 and 2015 our top five customers accounted for 37.53% , 50.88% and 45.28% respectively of our revenue from operations.
As on March 31, 2015 we have provided a corporate guarantee for ` 17.10million guaranteeing the due repayment of a housing loan availed by Bhanu Makharia, mother of our Promoter Director, Punit Makharia, from Citi Bank N.A. As a result of this, we may be in violation of certain provisions of the Companies Act, 1956 including Section 295. Further, any enforcement of this corporate guarantee would have an adverse impact on the cash flows.
Our contingent liabilities as on March 31, 2015 is as follows: (` in Million) Contingent Liabilities As at March 31, 2015 Disputed Tax liability 8.96 Corporate guarantee by Company against loans taken by relative of promoter 17.10 Bank guarantee • Maharashtra State Electricity Distribution Co. Ltd. • Reliance Industries Ltd. • Rajasthan State Mines and Minerals Ltd. • The President of India acting through The Dy- Commissioner of Custom JMPT/Navi Mumbai • Maharashtra Pollution Control Board Total 3.72 8.20 22.00 19.18 0.38 3.48 Total 79.54
Presently 3,575,896 Equity Shares held by our Promoter, Punit Makharia constituting 28.91% of his total shareholding in our Company has been pledged with IEDF a fund of IFCI (VCF) pursuant to the pledge
i reading the red herring things which i think interest i will post
Nominee Director, Poonam Garg is also a nominee director of Titan Energy Systems Limited which has defaulted in the payments made to State Bank of India for an amount of ` 5,627.35 lacs. As a result her name is appearing in the willful defaulters’ list of CIBIL for the period ending December 31, 2014.