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Incorporated in 1995, Emkay Taps and Cutting Tools Limited is Nagpur based manufacturer of machine tools, auto component and cutting tools. Emkay Taps also involve in power generation through its wind mills in Rajasthan and Karnataka.
Company is specialized in cutting tool designs and production and have clients from India as well as US.
The objects of the Issue are:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchange and
2. To sale 4,71,200 Equity Shares at an Issue Price of 330.00 per Equity Share.
| Emkay Taps IPO Date | Jul 27, 2015 to Jul 30, 2015 |
| Emkay Taps IPO Face Value | ₹10 per share |
| Emkay Taps IPO Price | ₹330 per share |
| Emkay Taps IPO Lot Size | 400 Shares |
| Issue Size | 471,200 shares of ₹10 (aggregating up to ₹15.55 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Ajayprakash Kanoria and Mrs. Alka Kanoria |
The Emkay Taps IPO lot size is 400 shares. A retail-individual investor can apply for up to 1 lots (400 shares or ₹132,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 400 | ₹132,000 |
| Maximum | 1 | 400 | ₹132,000 |
Emkay Taps is a long term bet. The EPS stands at Rs. 58.26 translating in to asking price at a P/E of 6. Its asking price is at a P/E of 10+. Thus the issue appears justifiably priced. Read detail review...
| Listing Date | Monday, August 31, 2015 |
| BSE Script Code | |
| NSE Symbol | EMKAYTOOLS |
| Listing In | |
| ISIN | INE332S01011 |
| IPO Price | ₹330 per share |
| Face Value | ₹10 per share |
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Emkay Taps and Cutting Tools Limited
Plot No. B-27 and B-27/1,
M.I.D.C. Hingna, Industrial Estate,
Nagpur – 440 016, Maharashtra
Phone: +91 7104 237363
Email: investors@emkaytapsandtools.com
Website: http://emkaytapsandtools.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: http://www.bigshareonline.com
Emkay Taps IPO is a SME IPO of 471,200 equity shares of the face value of ₹10 aggregating up to ₹15.55 Crores. The issue is priced at ₹330 per share. The minimum order quantity is 400 Shares.
The IPO opens on Jul 27, 2015, and closes on Jul 30, 2015.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Emkay Taps IPO opens on Jul 27, 2015 and closes on Jul 30, 2015.
Emkay Taps IPO lot size is 400 Shares and the minimum order quantity is .
You can apply in Emkay Taps 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 Emkay Taps IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Emkay Taps IPO allotment status.
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