Gwalior Chemical Industries Ltd IPO (Gwalior Chemical IPO) Detail

Sep 11, 2006 - Sep 14, 2006

Gwalior Chemical Industries Limited is a leading global producer of speciality chemical products.

GCIL has chemical plants at Nagda (Madhya Pradesh) and Ankleshwar (Gujarat) and supply chemical products to agrochemicals, pharmaceuticals, dyes and flavours & fragrance industries.

Gwalior Chemical Industries Produces:
1. Chlorotoluene range of products including Benzyl Chloride, Benzaldeyhde, Benzotrichloride, Benzyl Alcohol and its other derivatives.
2. Sulphur Chloride including Thionyl Chloride and Sulphuryl Chloride.
3. Viscose Dye Pigments catering to the textile sector.

Gwalior Chemical IPO Details

IPO Opening DateSep 11, 2006
IPO Closing DateSep 14, 2006
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹71 to ₹85 per equity share
Market Lot75 Shares
Min Order Quantity75 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹80.00 Cr)

Gwalior Chemical IPO Lot Size

The Gwalior Chemical IPO market lot size is 75 shares. A retail-individual investor can apply for up to 31 lots (2325 shares or ₹197,625).

ApplicationLotsSharesAmount (Cut-off)
The name of the company has been changed to Geecee Ventures Limited.

Gwalior Chemical IPO Prospectus

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Gwalior Chemical IPO Listing Date

Listing DateWednesday, October 4, 2006
BSE Script Code532764
Listing In
IPO Price₹81 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade

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Company Contact Information

Gwalior Chemical Industries Ltd
Gwalior Chemical Industries,
1 & 2, Western India House, Sir P.M. Road,
Fort, Mumbai – 400 001, India

Phone: +91-22-2287 3541

Gwalior Chemical IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270

Gwalior Chemical IPO FAQs

  1. What is Gwalior Chemical IPO?

    Gwalior Chemical IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹80.00 Crores. The issue is priced at ₹71 to ₹85 per equity share. The minimum order quantity is 75 Shares.

    The IPO opens on Sep 11, 2006, and closes on Sep 14, 2006.

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

  2. When Gwalior Chemical IPO will open?

    The Gwalior Chemical IPO opens on Sep 11, 2006 and closes on Sep 14, 2006.

  3. What is the lot size of Gwalior Chemical IPO?

    Gwalior Chemical IPO lot size is 75 Shares and the minimum order quantity is 75 Shares.

  4. How to apply for Gwalior Chemical IPO?

    You can apply in Gwalior Chemical 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.

  5. When Gwalior Chemical IPO allotment?

    The finalization of Basis of Allotment for Gwalior Chemical IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gwalior Chemical IPO allotment status.

  6. When is Gwalior Chemical IPO listing date?

    The Gwalior Chemical IPO listing date is on Wednesday, October 4, 2006.

Gwalior Chemical IPO Message Board

Ranked Members  Ranked Members

4. Saathi |Sep 29, 2006 22:34
What is the listing date for Gwalior Chemcials
3. Satish Raj |Sep 26, 2006 01:14
Friends GCIL's IPO allocation has been finalized –
      for 525 applications – 81 allotments
      for 1125 applications – 174 allotments
2. Dhananjay |Sep 11, 2006 04:53
GCIL's exports have grown from Rs.4.90 cr. in FY03 to Rs.21.18 cr. in FY05 and Rs.52.65 cr. in FY06. To strengthen its exports, the company has incorporated a subsidiary in Belgium to provide marketing support and storage facilities.

GCIL's sales was Rs.170.63 cr. (Rs.136 cr.) and PAT of Rs.15.59 (Rs.13.02 cr.) for FY06 compared to a net sales and
adjusted profit after tax of Rs.136 cr.
1. Ragu |Sep 9, 2006 05:38
Strengths of Gwalior Chemical IPO:

1. A de-risked business model with broad customer base.

2. No new plants are coming up in the west to manufacture chlorinated compounds, which is expected to boost the outsourcing opportunities for Indian players. GCIL is expected to benefit by supplying high quality molecules at competitive costs.

3. With the expansion into high margin products, pursuing forward integration, and setting up a captive power plant, OPM is expected to move up.

4. Expected to benefit from in-house R&D team, which has helped to reengineer processes and cut costs.

Weaknesses of Gwalior Chemical IPO:

1. Important raw materials – toluene and chlorine – have witnessed wide fluctuations in pricing in the past and may continue fluctuating in the future.

2. Since the pricing of the products is based on import parity, any reduction in customs duty will have an adverse impact on margin.

3. Largely dependent on single suppliers for its key raw materials such as Reliance Industries for supply of toluene and Grasim Industries for chlorine at the Nagda facility.

What do u guys think?
Post if you know more strengths and weaknesses…



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