Incorporated in 1997, Chemtech Industrial Valves Ltd is an ISO 9001-2008 certified company, is engaged in the business of manufacturing carbon steel and stainless steel industrial valves of various types & sizes ranging from 15mm up to 4000mm. They manufacture and supply various types of ball, butterfly, globe, gate and check valves and have a significant customer base in the steel industry. They also supply their products to customers in the oil and gas (including petro-chemical) industry, infrastructure (including pipelines), process industries (including pharmaceuticals, chemicals, intermediaries and fertilizers), nuclear space and defence industry.
Company is a manufacturer of high quality valves. They have their manufacturing facilities at Wada, to suit most of the piping related requirements. Most of their valves are tailor made to meet customers’ specific requirements.
The promoters of the company are:
1. Pradeep Shikharchand Badkur
2. Namrata Pradeep Badkur
3. Mr Harsh Pradeep Badkur
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1. To acquire additional plant & machinery at the existing manufacturing facilities of the Company located at village: - Vadvali, Tal:- Wada, District : Thane;
2. To fund the interiors of corporate office of the company, which has been acquired at Thane;
3. To meet the incremental working capital requirements;
4. To meet the expenses towards general corporate purposes;
5. To get the equity shares of our Company listed on SME platform of BSE.
| IPO Opening Date | Jan 15, 2014 |
| IPO Closing Date | Jan 17, 2014 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹15 per equity share |
| Market Lot | 8000 Shares |
| Min Order Quantity | 8000 Shares |
| Listing At | BSE SME |
| Issue Size | 495,200 Eq Shares of ₹10 (aggregating up to ₹7.43 Cr) |
The Chemtech Industrial Valves IPO market lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹120,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹120,000 |
| Maximum | 1 | 8000 | ₹120,000 |
| Listing Date | Friday, January 31, 2014 |
| BSE Script Code | 537326 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE212P01011 |
| IPO Price | ₹15 per equity share |
| Face Value | ₹10 per equity share |
|
|
Chemtech Industrial Valves Ltd
105, Hiranandani Industrial Estate,
Opp. Kanjur Marg Railway Station,
Mumbai 400078, Maharashtra
Phone: + 91-22- 2577 3308
Email: investors@chemtechvalves.com
Website: http://www.chemtechvalves.com
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Chemtech Industrial Valves IPO is a SME IPO of 495,200 equity shares of the face value of ₹10 aggregating up to ₹7.43 Crores. The issue is priced at ₹15 per equity share. The minimum order quantity is 8000 Shares.
The IPO opens on Jan 15, 2014, and closes on Jan 17, 2014.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Chemtech Industrial Valves IPO opens on Jan 15, 2014 and closes on Jan 17, 2014.
Chemtech Industrial Valves IPO lot size is 8000 Shares and the minimum order quantity is 8000 Shares.
You can apply in Chemtech Industrial Valves 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Chemtech Industrial Valves IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Chemtech Industrial Valves IPO allotment status.
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