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Euro Multivision Limited IPO (Euro Multivision IPO) Detail

September 22, 2009 - September 24, 2009

Euro Multivision IPO is a book built issue of Rs 66.00 crores.

Euro Multivision IPO bidding started from September 22, 2009 and ended on September 24, 2009. The shares got listed on BSE, NSE on October 15, 2009.

Euro Multivision IPO price band is set at ₹70 to ₹75 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹6,750.

Anand Rathi Securities Limited is the book running lead manager of the Euro Multivision IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Euro Multivision IPO RHP for detailed information.

Euro Multivision IPO Details

IPO Date September 22, 2009 to September 24, 2009
Listing Date October 15, 2009
Face Value ₹10 per share
Price Band ₹70 to ₹75 per share
Lot Size 90 Shares
Total Issue Size8,800,000 shares
(aggregating up to ₹66.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue15,000,000
Share holding post issue23,800,000

Euro Multivision IPO Reservation

Euro Multivision IPO offers 8,800,000 shares. 4,300,000 (48.86%) to QIB, 1,290,000 (14.66%) to NII, 3,010,000 (34.20%) to RII, 200,000 (2.27%) to employees. 33,444 RIIs will receive minimum 90 shares and (sNII) and (bNII) will receive minimum 2,700 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,300,000 (48.86%)NA
NII (HNI) Shares Offered1,290,000 (14.66%)
Retail Shares Offered3,010,000 (34.20%)33,444
Employee Shares Offered200,000 (2.27%)NA
Total Shares Offered8,800,000 (100%)

Euro Multivision IPO Lot Size

Investors can bid for a minimum of 90 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 90 ₹6,750
Retail (Max) 29 2610 ₹195,750
Lot Size Calculator

Euro Multivision IPO Promoter Holding

Euro Multivision is promoted by three entrepreneurs:

1. Mr. Nenshi Shah - is the Non Executive Chairman and key founder of Company. He has also been a pioneer for few of other Group Companies like Euro ceramics Limited, Euro Merchandise (India) Limited, Subhnen Ply Private Limited etc. He was also the Chairman of Indian Council of Ceramic Tiles & Sanitary ware (ICCTAS) till July 2009.

2. Mr. Rayshi Shah - is the Non�Executive Director of Company. He is presently running a unit for manufacturing of household Plastic items and is marketing its product under the name of 'Paras Plastics'. He is also a promoter for Paras Ployplast Manufacturing Private limited.

3. Mr. Suresh Shah - is the Executive Director of Company. He has established renowned retail outlets in various parts of Mumbai by the name 'Rangoli'. He is responsible for all marketing activites of company such as the identification of markets, expansion of product market, brand building, introduction of new product range.

Share Holding Pre Issue 81.11%
Share Holding Post Issue 51.12%

About Euro Multivision Limited

Incorporated in 2004, Euro Multivision Limited (EML) is the second largest company engaged in the manufacturing of CD and DVD's. EML's manufacturing unit is situated at Taluka Bhachau, Kutch, Gujarat.

Company started with set up a plant for the manufacture of Compact Disc Recordables (CDRs) and Digital Versatile Disc Recordables (DVDRs). In 2005, Company added five manufacturing lines having an installed capacity of 720 Lac units of CDRs and 72 Lac units of DVDRs a year. In the year of 2006-07 company expanded the capacity by adding another 5 manufacturing lines with total installed capacity of CDRs to 1800 Lac units a year. These 10 manufacturing lines are interchangeable and convertible to manufacture DVDR and also compatible for manufacturing of pre recorded CD's and DVD's. EML is a part of EURO group which was promoted by Shri Nenshi Shah.

Company is planning to make an entry into the Photovoltaic business by manufacturing solar cells used for generation of electrical energy with a capacity of 40MW per year at a total cost of Rs.16756 lacs. Company is propose to set up this photovoltaic plant in a Special Economic Zone (SEZ). EML has already acquired 28.75 acres of land for setting up the SEZ adjacent to the existing manufacturing unit at Bhachau, Kutch, Gujarat.

Company Financials

ParticularsFor the year/period ended (Rs. in lacs)
Total Income7,357.439,035.845,893.134,476.45
Profit After Tax (PAT)183.74974.80640.74(128.69)

Key Performance Indicator

Objects of the Issue (Euro Multivision IPO Objectives)

The objects of the Issue are:
1. To setup photovoltaic solar cell manufacturing unit;
2. Listing of securities on Stock Exchanges;
3. General Corporate Purposes.

Euro Multivision IPO Subscription Status (Bidding Detail)

The Euro Multivision IPO is subscribed 1.81 times on September 24, 2009 5:00:00 PM. The public issue subscribed 1.89 times in the retail category, 1.23 times in the QIB category, and 3.78 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Euro Multivision Limited IPO Grading / Rating

CARE has assigned an IPO Grade 3 to Euro Multivision Limited IPO. This means as per CARE, company has average fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download CARE rating document.

Euro Multivision IPO Prospectus

Euro Multivision IPO Rating

Rating:Rated 3.1 stars
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Euro Multivision IPO Listing Details

Listing Date October 15, 2009
BSE Script Code 533109
ISIN INE063J01011
Final Issue Price ₹75 per share

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

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Euro Multivision Limited Contact Details

Euro Multivision Limited
Boston House Ground Floor,
Near Cinemagic Theatre, Suren Road,
Chakala, Andheri (E), Mumbai
Phone: 91-22-40364036

Euro Multivision IPO Registrar

Euro Multivision IPO - Buy or Not

Euro Multivision IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Euro Multivision IPO FAQs

Euro Multivision IPO is a main-board IPO of 8,800,000 equity shares of the face value of ₹10 aggregating up to ₹66.00 Crores. The issue is priced at ₹70 to ₹75 per share. The minimum order quantity is 90 Shares.

The IPO opens on September 22, 2009, and closes on September 24, 2009.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Euro Multivision IPO opens on September 22, 2009 and closes on September 24, 2009.

Euro Multivision IPO lot size is 90 Shares, and the minimum amount required is ₹6,750.

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

The Euro Multivision IPO listing date is on October 15, 2009.
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Euro Multivision IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



112. Idiot |   Link |  Bookmark |December 16, 2009 4:48:54 PM
Good......... buy will go up very soon..its insider information...
111. Dr.Rajeshjainhuf |   Link |  Bookmark |November 1, 2009 5:05:00 PM
Dear sir,
i have recd. refund slip having fefund order no.500373 dated 7/10/2009, amt.Rs.39000.00 cedited through ecs in my bank.
unfortunately ecs is not credited to bank till date.
Euromultivision ipo.
app no.3472597
110. Ravi, Bangalore |   Link |  Bookmark |October 31, 2009 2:08:26 PM
Euro Multivision 31.7- Target 29, 17, 15 Stop-Loss 48 in two weeks based on technical analysis.

Fundamentally its value is Rs.40. As such, long-term investors can ACCUMULATE in small lots below 27.
109. sanjeev |   Link |  Bookmark |October 27, 2009 9:51:16 AM
euro multivision directors pls take urs share high with in 1 month.i am having too much short month period .touch 72 price or give bonus to retail investors give 1 to 1 bonus of shares to retail cover the loss.
108. Ravi, Bangalore |   Link |  Bookmark |October 20, 2009 2:23:10 PM
It is fully valued at Rs.40 (if not over-valued).

Long-term investors could wait for correction and ACCUMULATE in small lots in Rs.27 to Rs.9 area.

Expect to cross all-time high of 80.7 in 2 - 3 years.
107. Raj |   Link |  Bookmark |October 20, 2009 2:14:47 PM
@105 Rama.
Thx. Done that already.

I generally wait for refund until the listing date. I started to worry only when I had not received the refund even after listing.

106. RAMA |   Link |  Bookmark |October 20, 2009 2:10:10 PM
@105: RAJ
You should write to registrar to the issue with application No to know about your refund.
105. Raj |   Link |  Bookmark |October 20, 2009 1:02:45 PM
@104 Rama
your so kind Rama. Please send it at the earliest.

Was it so difficult to understand? I was just trying to find out if it was only me who has not got the refund.

All you had to reply was "yes I have received my refund on so and so date" if you have received ur refund.

btb, the question still remains unanswered.

104. Rama |   Link |  Bookmark |October 20, 2009 11:54:07 AM

Thank you for posting your message requesting for the refund.
We will send your refund at the earliest.
103. Raj |   Link |  Bookmark |October 19, 2009 6:18:47 PM
Anyone, Anyword on REFUND would be appreciated. I haven't got the refund yet. Was the refund through ECS? Or was it through cheque? Has anyone got their refund?

102. rama |   Link |  Bookmark |October 19, 2009 2:41:59 PM
Now one can buy euro multivision with a 1 yeard target of 75-95. Next year EPS according to the management will be 10-12, so PE multiple would be around 6-10. SO it can trade at 72-130 range.
101. IPO Analyst |   Link |  Bookmark |October 18, 2009 8:03:00 PM
Hi justis,
First u get educated and improve ur self then only u should blame to others.
100. justis |   Link |  Bookmark |October 18, 2009 10:17:25 AM
oweners are uneducated.shares may down below face value.
99. Rajesh |   Link |  Bookmark |October 18, 2009 9:05:13 AM
It will touch Rs 60 shortly
98. prakashipo |   Link |  Bookmark |October 17, 2009 8:12:23 PM
dear omega,in that sense u r absolutely right .retail investor should not even think of this type of script..because over all we,retail investor r really looser..happy dipavli and happy prosprous new year to you all retail investor....
97. omega |   Link |  Bookmark |October 17, 2009 7:53:58 PM
Hi! prakashipo

Happy diwali to you,

i did not intend to tell people to buy euro vision . i wanted to tell that stay away from short sell and yes invet in a company with a good back ground history and good returns ..

i invet in good names may be even small like a biscuit company a rubber, plastic , textile manufacturing but never short sell (short sell is pure gamble)

96. omega |   Link |  Bookmark |October 17, 2009 7:48:20 PM
At post closing the euro multivision is at 44.55 in nse and 44.20 in bse , still a 4% gain from previous close.

also there are some 247995 quantity asking (buy)

now these are all those who are stuck in the short sell position ,

i never short sell , it always good to purchase little share at time and wait for good returns.

never short sell.. buy but what you can keep it for a long time...

happy diwali again..
95. prakashipo |   Link |  Bookmark |October 17, 2009 7:43:21 PM
dear omega,sun may come may go. rain may come ,may not come,one thing is sure like euro tiles this euro multivision wwill not touch its issue priceof 75...are bhai you dont know inside story..maal ghar per pahunch gaya..duniya jaye bhad mein...this ais called ...EURO GROUP..
94. omega |   Link |  Bookmark |October 17, 2009 7:25:36 PM
hey today euro multivision perfmoed well, % gain 7.47%
previous close: 42.85

i think a lot of people had short sell in this stock , and now they are stuck with it.

trust me one doesnot need to me too educated to start a good company, most of the ideas(great) ideas are with people who work from basic.

this are my views and yes when the petrol and rains are not on time , guess what is left to harvest the energy .
one nuclear power and other sun.

there is going to a future with soalr power vehicles...
may be even solar power Mobile phone..

any ways think.. for me a long time and yes(a decade ) invest in a new techonlogy at a discounted premium price is always good... at least i can ask for a solar panel if my stock is not perfmoing well ...

happy diwali

93. Ravi, Bangalore |   Link |  Bookmark |October 17, 2009 7:21:17 PM
92. Mad,

First you SELL & then BUY back. That is called short-selling. Nothing special about it.

You should square-off on same day itself. You cannot carry position to next trading session.