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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.
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.
| Particulars | For the year/period ended (Rs. in lacs) | |||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 7,357.43 | 9,035.84 | 5,893.13 | 4,476.45 |
| Profit After Tax (PAT) | 183.74 | 974.80 | 640.74 | (128.69) |
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.
| IPO Opening Date | Sep 22, 2009 |
| IPO Closing Date | Sep 24, 2009 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 to ₹75 per equity share |
| Market Lot | 90 Shares |
| Min Order Quantity | 90 Shares |
| Listing At | BSE, NSE |
| Issue Size | 8,800,000 Eq Shares of ₹10 (aggregating up to ₹66.00 Cr) |
The Euro Multivision IPO market lot size is 90 shares. A retail-individual investor can apply for up to 29 lots (2610 shares or ₹195,750).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 90 | ₹6,750 |
| Maximum | 29 | 2610 | ₹195,750 |
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.
The Euro Multivision IPO is subscribed 1.81 times on Sep 24, 2009 17:00. The public issue subscribed 1.89 in the retail category, 1.23 in the QIB category, and 3.78 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.23 |
| NII | 3.78 |
| RII | 1.89 |
| Employee | 0.31 |
| Total | 1.81 |
| Listing Date | Thursday, October 15, 2009 |
| BSE Script Code | 533109 |
| NSE Symbol | EUROMULTI |
| Listing In | B Group of Securities |
| ISIN | INE063J01011 |
| IPO Price | ₹75 per equity share |
| Face Value | ₹10 per equity share |
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Euro Multivision Limited
Boston House Ground Floor,
Near Cinemagic Theatre, Suren Road,
Chakala, Andheri (E), Mumbai
Phone: 91-22-40364036
Email: info@euromultivision.com
Website: http://www.euromultivision.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: eml@rathi.com
Website: http://www.linkintime.co.in
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 equity share. The minimum order quantity is 90 Shares.
The IPO opens on Sep 22, 2009, and closes on Sep 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 Sep 22, 2009 and closes on Sep 24, 2009.
Euro Multivision IPO lot size is 90 Shares and the minimum order quantity is 90 Shares.
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, Edelweiss, 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.
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