Ess Dee Aluminium Ltd IPO (Ess Dee IPO) Detail

Dec 4, 2006 - Dec 8, 2006

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.

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

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 Details

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

Ess Dee IPO Lot Size

The Ess Dee IPO lot size is 25 shares. A retail-individual investor can apply for up to 35 lots (875 shares or ₹196,875).

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

Ess Dee IPO Prospectus

Ess Dee IPO Rating

Ess Dee IPO Listing Date

Listing Date Thursday, December 28, 2006
BSE Script Code 532787
Listing In B1 Group of Securities
ISIN INE825H01017
IPO Price ₹225 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Ess Dee Aluminium Ltd
Ess Dee Aluminium Ltd,
Plot No. 124-133, Panchal Udyog Nagar,
Bhimpore, Daman 396 210 India
Phone: +91-260-2220314

Ess Dee IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Ess Dee IPO Review

Ess Dee IPO Recommendation Summary

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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 Dec 4, 2006, and closes on Dec 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 Dec 4, 2006 and closes on Dec 8, 2006.

Ess Dee IPO lot size is 25 Shares and the minimum order quantity is .

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, Edelweiss, 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 Thursday, December 28, 2006.
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Ess Dee IPO Message Board

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6. shailesh |   Link |Dec 23, 2006 3:36:53 AM
i can't show allotment of ESS dee aluminum. Please help me.
5. Abhay |   Link |Dec 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 |Dec 22, 2006 11:48:57 PM
3. Vikram R |   Link |Dec 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 |Dec 6, 2006 7:33:58 AM
Akruti Allotment seems to be out.
1. Ramesh |   Link |Dec 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?