Meghmani Organics Limited IPO (Meghmani IPO) Detail

10x richa

Hi Guys

arey yaar yeh to nichey hi ja raha hai rooj rooj.... koi upper lav isey

Meghmani is a very good long term stock. The management has been consistantly delivering without negative surprises, atleast so far. They, typically, do not over commit. That is why no future earning guidelines in the ipo prospectus. But recently the management has come out to say that they will meet Rs.55 crores net profit this year which is close to 40% profit growth. I believe they will meet or exceed the number going by their past records. Let us wait for it to happen, then the price discounting will be much higher. It is a matter of time for recognition. Whenever it comes close to Rs.25, it will be an opportunity for accumulatation.

it will be a vatvraksha in nr future. have patience

Hi All

where are the investors no comments on stock.....

economicstimes ka aaj ka paper padh lo fii ki limit 22% ki limit puri ho gayi hai. panic me aake apne share ko mat becho. companies fundamental is very good. so keep hold your share. fii ki limit khuli to samjo yo fire ho jayega. Do(2) days ma nsre and bse 30% delivery ka kam hua hai. itne bade volume me 30% delivery ek achchhi baat hai. abhi tak aap logo ne share nahi beche ho to nahi becha. agar bech diye hai to vapis lelo. its a good company kya bol rahi tanushree.

BUY BUY BUY BUY MEGHMANI CHEMICALS
In the year 1986, Mr. Jayanti Patel, Mr. Ashish Soparkar, Mr. Natwarlal Patel, Mr. Ramesh Patel and Mr. Anand Patel formed a partnership firm, M/s Gujarat Industries, to produce pigment blue.

On January 2, 1995, M/s Gujarat Industries was converted into a company under Part IX of the Companies Act with the name "Meghmani Organics Limited". Equity Shares of our Company were allotted to the promoters / partners of the M/s. Gujarat Industries in lieu of the assets and liabilities of the partnership firm. Our Company was registered with Registrar of Companies, Gujarat at Ahmedabad on January 2, 1995. We obtained the certificate of commencement of business on January 4, 1995. Our Registered Office is situated at Plot No. 184, Phase II, G.I.D.C. Vatva, Ahmedabad -382 445, Gujarat, India. The chronology of key corporate events since our incorporation in 1995 is as follows: HISTORY AND MAJOR EVENTS:


Year Event


1995 Our Company set up its facility at Chharodi, Ahmedabad, to manufacture insecticides, agrochemicals. 1996 J F Electra (Mauritius) Limited (JFE), now known as Electra Partners Mauritius Limited invested Rs. 200 million equivalent to S$ 7.31 Million, along with Pisces Pte Limited (Pisces), (a Mauritius based company) investing Rs. 180 million equivalent to S$ 6.92 Million and our Promoters investing Rs. 57 million equivalent to S $ 2.19 Million. 1996 Company expanded its pigment business by purchasing land at GIDC, Panoli near Ankeleshwar. 1998 Commencement of commercial production of pigment blue at the Panoli plant. 1999 Our Company was awarded the ISO 9001-2000 certification for the achievement of quality assurance in production, purchasing, marketing and distribution in relation to Vatva, Panoli and Chharodi Plants. 2003 Our Company acquired assets of Unit II from Rallis India Limited, (Rallis) situated on Plot No. 5001/B at GIDC Ankleshwar for expansion of Agrochemical production and started commercial production of agrochemicals at the Ankleshwar. 2004 Our Company made an offer of SDSs in Singapore and listed our SDSs on the SGX - ST Main Board. 2006 Expansion of Cyper Methric Acid Chloride (CMAC) plant at the Ankleshwar unit with an investment of Rs. 180 millions and commencement of commercial operation of the plant.


List of Awards received by our Company.


1. Niryat Shree-Excellent Growth Certificate dated September 24, 1999 awarded to our Company by the Federation of Indian Export Organisations for excellent growth of our Company for the year 1996-1997.


2. Certificate of Merit awarded to our Company by the Secretary of the Ministry of Commerce, Government of India, for outstanding export performance for the year 1996-1997.


3. Award for export performance of more than Rs. 60 million for self manufactured direct exports by the President and Secretary of the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their annual general meeting held on June 13, 1998 for the year 1996-1997.


4. Award for direct export of self manufactured dyes by the President and Secretary of the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their annual general meeting held on June 12, 1999 for the year 1997-1998.


5. First Award for direct export of self manufactured dyes by the President and Secretary of the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their annual general meeting held on June 15, 2002 for the year 2000-2001.


6. Certificate of Merit dated June 15, 2002 awarded to our Company for export performance during the year 2000-2001 by the President and Secretary of the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad.


7. First Award for outstanding export performance in dye and dye intermediates panel for the year 2002-2003 by the Chairman of the Basic Chemicals, Pharmaceuticals & Cosmetics Export Promotion Council Mumbai.


8. First Award for direct export of self manufactured dyes by the President and Secretary of the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their 44th annual general meeting held on June 10, 2006 for the year 2004-2005.


9. First Award for indirect export of self manufactured dyes by the President and Secretary of the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their 44th annual general meeting held on June 10, 2006 for the year 2004-2005.


10. Certificate of Merit dated February 25, 2005 awarded to our Company for noteworthy performance in the field of export of Pigments and Agro-Dyes by the President of the Gujarat Chamber of Commerce & Industry, Ahmedabad.


11. First Award for direct export of self manufactured dyes by the President and Secretary of the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their 43rd annual general meeting held on June 11, 2005 for the year 2003-2004.


12. Second Award for indirect export of self manufactured dyes by the President and Secretary of the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their 43rd annual general meeting held on June 11, 2005 for the year 2003-2004.


13. Our Company is the runner up in SIAS (Securities Investors Association on Singapore) Investor's choice Awards for "Most Transperent Company" for the FY 2005 in the category of Mainboard Small Caps (of up to S$ 100 million) category.


14. Our Company is the runner up in SIAS (Securities Investors Association on Singapore) Investor's choice Awards for "Most Transperent Company" for the FY 2006 in the category of Mainboard Small Caps (of up to S$ 100 million) category.

meghmani will move to 30+ in 2 week time .good technicals.(avg 5 crore share traded in 1 day in bse).strong buy :gvfilms target:12-13 current 9.80(5% circuit)see news in bsewebsite

just quit this at cmp. it may go below 22.

Retailers don't get stuck. 24-25 is the fair price for this stock. It is trading around Rs 25 in singapore exchange.
So get out at the best possible price. Some people are misleading retailers. It will never cross Rs 30/- for sure in next couple of days.

i think open around 30-32 and will reach @ 40 at the end of day... and within a week will reach around 50 Rs.
as Just keep in mind that company is located in Ahmedabad
GUJARAT and most of the Trade happen in GUJARAT....

JUST KEEP IN MIND THAT AND TRADE ON THIS STOCK

Do not sell today it will list around 32 rs will stay
today at this level and slowly will touch 42 in one week,
one can buy it if available at rs 30, due to fancy is
high wait for atleast three days.

Yes. I agree with Amit that it is good for long term. Track record is good and received transparency award for few years from Singapore Stock Exchange. The promoters has few more companies that are to be listed. So they will make sure that the stock grows out of bounds.

was is the expectation of its listing tomorrow morning.
all the best to all the allottees

hi Friend

Listing 2morrow buy those u have not alloted gud for long term ......

what is listing date of Megh. IPO

hi tushi,

u have to contact Intime and ur Demat..... because tommorow
is listing date then how can u sell it ...

or check properly u have alloted share or not

Hi,
Any one has received the share in his demat a/c. Kindly tell, i have got 350 but not received yet in demat a/c

I have not yet received my IPO refun i applied for 1400 shares and allotment is nil.

My refund no. is 126423.

Kindly chech and revert

Applied for 3000 share got nil. Got intimation regarding refund by ECS.