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Ess Dee Aluminium Ltd IPO (Ess Dee IPO) Detail

December 4, 2006 - December 8, 2006

Ess Dee IPO is a book built issue of Rs 156.60 crores.

Ess Dee IPO bidding started from December 4, 2006 and ended on December 8, 2006. The shares got listed on BSE, NSE on December 28, 2006.

Ess Dee IPO price band is set at ₹200 to ₹225 per share. The minimum lot size for an application is 25 Shares. The minimum amount of investment required by retail investors is ₹5,625.

Uti Securities Ltd is the book running lead manager of the Ess Dee IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Ess Dee IPO RHP for detailed information.

Ess Dee IPO Details

IPO Date December 4, 2006 to December 8, 2006
Listing Date December 28, 2006
Face Value ₹10 per share
Price Band ₹200 to ₹225 per share
Lot Size 25 Shares
Total Issue Size6,960,000 shares
(aggregating up to ₹156.60 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Ess Dee IPO Lot Size

Investors can bid for a minimum of 25 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 25 ₹5,625
Retail (Max) 35 875 ₹196,875
Lot Size Calculator

About Ess Dee Aluminium Ltd

Ess Dee Aluminium is in the business of cold rolling of aluminium "foil stock" to aluminium foil, which is further converted into "printers stock" through the process of lamination for strip pack or coating for blister pack. Ess Dee Aluminium also manufacture thermoforming poly vinyl chloride films (Rigid PVC films) as well as PVdC coated PVC barrier thermoforming films for blister packaging. Ess Dee Aluminium provide end-to-end packaging solutions to the pharmaceutical sector.


Plants:
1. Ess Dee Aluminium at Bhimpore, Daman;
2. Ess Dee Aluminium at Kundaim at Goa;
3. Ess Dee Aluminium also have a subsidiary company namely Flex Art Foil Private Limited (FAFPL), which is in the business of printing aluminum foil based packaging products. FAFPL has four units across the country located in proximity to the pharmaceutical manufacturing hubs.

Objects of the Issue (Ess Dee IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Setting-up of additional manufacturing facilities for aluminium foil based packaging products at Daman;
2. General Corporate Purposes.

Ess Dee IPO Prospectus

Ess Dee IPO Rating

Ess Dee IPO Listing Details

Listing Date December 28, 2006
BSE Script Code 532787
NSE Symbol ESSDEE
ISIN INE825H01017
Final Issue Price ₹225 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹225.00
₹260.00
₹235.25
₹261.90
₹238.45
NSE
₹225.00
₹265.00
₹235.10
₹265.00
₹238.30

Check IPO Performance…

Ess Dee Aluminium Ltd Contact Details

Ess Dee Aluminium Ltd
Ess Dee Aluminium Ltd,
Plot No. 124-133, Panchal Udyog Nagar,
Bhimpore, Daman � 396 210 India
Phone: +91-260-2220314
Email: ipo@duttagroup.net
Website: http://www.duttagroup.in

Ess Dee IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Ess Dee IPO - Buy or Not

Ess Dee IPO Recommendation Summary

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Members 0 0 0

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Ess Dee IPO FAQs

Ess Dee IPO is a main-board IPO of 6,960,000 equity shares of the face value of ₹10 aggregating up to ₹156.60 Crores. The issue is priced at ₹200 to ₹225 per share. The minimum order quantity is 25 Shares.

The IPO opens on December 4, 2006, and closes on December 8, 2006.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Ess Dee IPO opens on December 4, 2006 and closes on December 8, 2006.

Ess Dee IPO lot size is 25 Shares, and the minimum amount required is ₹5,625.

You can apply in Ess Dee 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 Ess Dee IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ess Dee IPO allotment status.

The Ess Dee IPO listing date is on December 28, 2006.
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Ess Dee IPO Message Board

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6 Comments

6. shailesh |   Link |  Bookmark |December 23, 2006 3:36:53 AM
sir,
i can't show allotment of ESS dee aluminum. Please help me.
shailesh
5. Abhay |   Link |  Bookmark |December 23, 2006 1:10:27 AM
I applied for 50, got 25. At what price it is expected to list? grey market price? when it is going to list.
4. BHAVIK |   Link |  Bookmark |December 22, 2006 11:48:57 PM
AT WHAT PIRCE LISTING ?
3. Vikram R |   Link |  Bookmark |December 8, 2006 11:47:42 PM

Key Positives
1. Strong managerial team :
The company comprises of team members with enormous experience from various leading corporate houses along with strong technical base.

2. Uninterrupted sourcing of raw material:
The company has entered into an agreement with GARMACO-Bahrain for sourcing aluminium sheets for uninterrupted supply of raw material. This takes care of the supply problem which is
quite prevailing in context to commodities.

3. Potential customers:
      Ess Dee has a Strong customer base catering to the demands of more than 250 customers overall. They have a Multi-Product relationship with large customers which gives them an
opportunities as well as security of the future.

4. Supply Chain, a competitive Strength:
      All of their Units are situated close to pharmaceutical hubs. The proximity supports them logistically reducing time of supply which enhances theirs services level.


Key Concerns
1. The company has huge Working Capital requirement led by capacity increase of152% in October 2006 and further 100% by July 2007.

2. The company is dependent on one supplier for sourcing its raw material. Any imbalance on that front will hamper its performance.

3. The company faces a stiff competition from well established players like Bilcare and other international players which are eyeing the Indian market. However, Ess Dee has established a
market for itself among the clients over the years and should be in position to deal with the competitive pressure.

4. The volatility in the prices of the Aluminium may have a negative impact on the financial Performance of the company.

5. The company plans to enter into FMCG sector with no prior experience.

The business model of the company looks good with about top 10 clients contributing 40% of the turnover avoiding client concentration. However, on valuation front the numbers look stretched
which builds cautious outlook for the stock. We remain Neutral on the issue.
(Source - Ang el Broking)
2. Vikram R |   Link |  Bookmark |December 6, 2006 7:33:58 AM
Akruti Allotment seems to be out.
1. Ramesh |   Link |  Bookmark |December 6, 2006 3:36:18 AM
Hello Friends,

No body commented on this so far, on 5th by 4pm it is already suscribed 1.14 times. the issue will be remains open till 8th Dec.

please provide us the comment about can we go for this IPO or not?