Incorporated in 1996, Oriental Trimex Limited is in the business of cutting, polishing and processing of imported marble as well as indigenous marble and trading of granite. The Company has marble processing unit at Greater Noida with a licensed and installed capacity of 12,600 MT per annum.
Oriental Trimex imports rough marble blocks from Middle East, South East Asian Countries, Greece, Egypt, Spain, Turkey, Italy and sells it after processing in the domestic market to institutional as well as retail customers.
India being third largest exporter of stones in the world with Indian stone exports amounting to Rs. 34 billion in 2003-04, with granite alone accounting for Rs 26 billion. Oriental Trimex has plans to tap this export market by acquiring its own granite quarries and setting up granite processing unit. It has already secured mining rights for two quarries for extracting granites at Rairangpur and Behrampur in Orissa measuring 6.90 acres and 38.14 acres respectively.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital for
1. Expansion of existing capacity of marble processing unit at Greater Noida, Uttar Pradesh;
2. Setting up of a new marble processing unit at Kolkatta;
3. Setting up of a new marble processing unit at Bangalore;
4. Acquiring additional mining equipments for granite quarries in Orissa;
5. Setting up of a new granite/decorative stones processing unit at Balasore (Orissa);
6. Setting up of retail marketing outlet at Delhi and installation of equipments at Chennai outlet;
7. Meeting long term working capital requirements.
| IPO Opening Date | Feb 8, 2007 |
| IPO Closing Date | Feb 14, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 to ₹48 per equity share |
| Market Lot | 125 Shares |
| Min Order Quantity | 125 Shares |
| Listing At | BSE, NSE |
| Issue Size | 10,000,000 Eq Shares of ₹10 (aggregating up to ₹48.00 Cr) |
The Oriental Trimex IPO market lot size is 125 shares. A retail-individual investor can apply for up to 33 lots (4125 shares or ₹198,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 125 | ₹6,000 |
| Maximum | 33 | 4125 | ₹198,000 |
The Oriental Trimex IPO is subscribed 1.05x times on Feb 14, 2007 17:00. The public issue subscribed 1.79x in the retail category, 0.32x in the QIB category, and 1.74x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| Total | 1.05x |
| Listing Date | Wednesday, March 7, 2007 |
| BSE Script Code | 532817 |
| NSE Symbol | ORIENTALTL |
| Listing In | B1 Group of Securities |
| ISIN | INE998H01012 |
| IPO Price | ₹48 per equity share |
| Face Value | ₹10 per equity share |
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Oriental Trimex Limited
Oriental Trimex Limited,
708, 7th Floor, Padma Tower-I,
5 Rajindra Place, New Delhi – 110008
Phone: +91 11 41536970
Email: ipo@orientaltrimex.com
Website: http://www.orientaltrimex.com/
Beetal Financial & Computer Services (P) Limited
Beetal House, 3rd Floor,
99, Madangir, Behind Local Shopping Centre,
New Delhi - 110062
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalfinancial.com
Oriental Trimex IPO is a main-board IPO of 10,000,000 equity shares of the face value of ₹10 aggregating up to ₹48.00 Crores. The issue is priced at ₹40 to ₹48 per equity share. The minimum order quantity is 125 Shares.
The IPO opens on Feb 8, 2007, and closes on Feb 14, 2007.
Beetal Financial & Computer Services (P) Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Oriental Trimex IPO opens on Feb 8, 2007 and closes on Feb 14, 2007.
Oriental Trimex IPO lot size is 125 Shares and the minimum order quantity is 125 Shares.
You can apply in Oriental Trimex 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 Oriental Trimex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Oriental Trimex IPO allotment status.
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