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

IPO DateDec 4, 2006 - Dec 8, 2006
Issue TypeBook Built Issue IPO
Issue Size6,960,000 Eq Shares of ₹10
(aggregating up to ₹156.60 Cr)
Face Value₹10 Per Equity Share
IPO Price₹200 to ₹225 Per Equity Share
Market Lot25 Shares
Min Order Quantity25 Shares
Listing AtBSE, NSE

Ess Dee IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

Ess Dee IPO Prospectus

Ess Dee IPO Rating

Ess Dee IPO Listing Date

Listing DateThursday, December 28, 2006
BSE Script Code532787
Listing InB1
IPO Price₹225 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

IPO Price
Last Trade

Ess Dee IPO Reviews / Ratings

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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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200

Ess Dee IPO FAQs

  1. 1. What is Ess Dee IPO?

    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 price of the IPO is ₹200 to ₹225 Per Equity Share. The minimum order quantity is 25 Shares per application and the offer type is Book Built Issue.

    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.

  2. 2. When Ess Dee IPO will open?

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

  3. 3. How to apply for Ess Dee IPO?

    Ess Dee IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Ess Dee IPO allotment?

    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.

  5. 5. When is Ess Dee IPO listing date?

    The Ess Dee IPO listing date is on Thursday, December 28, 2006, at BSE, NSE.
  6. 6. What is the lot size of Ess Dee IPO?

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

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Ess Dee IPO Review / Comments

6. shailesh  Dec 23, 2006 03:36
i can't show allotment of ESS dee aluminum. Please help me.
5. Abhay  Dec 23, 2006 01:10
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  Dec 22, 2006 23:48
Vikram R
3. Vikram R  Dec 8, 2006 23:47

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)
Vikram R
2. Vikram R  Dec 6, 2006 07:33
Akruti Allotment seems to be out.
1. Ramesh  Dec 6, 2006 03:36
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?

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