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Established in year 1998-99, Pochiraju Industries Ltd. is in production and marketing of cut flower roses for wholesalers, importers and retail outlets.
The Company is located in 23.5 acres land at Satyamangalam village, Hosur Tq., Krishnagiri District, Tamil Nadu, a noted Agri Export Zone for floriculture. It has 6 hectares of covered green house area under which different varieties of Dutch roses are grown under controlled environment.
Pochiraju Industries grows the fifteen varieties of Dutch roses and proposes to expand another 3 hectares with the following varieties of roses and other flowers Roses: Passion, Hollywood, Bianca, Polo, Tropical Amazon, Royalbaakara, etc. Coronations, Chrysanthemums, Tube roses, zeberas, etc.
The Issue is being made to raise funds for the following purposes:
1. Bio Pharma Unit:
A. To setup a state of the art Bio Fermentation and Protein Purification Unit;
B. To setup a modern Bio-Parenteral unit of Global Standards adhering to latest International Good;
C. To carry on the R&D Activities in Biotechnology and to develop and commercialize new and cutting;
2. To finance the Working Capital Requirement of Pharma Operations;
3. To list the Equity Shares offered through this Issue on the Stock Exchanges.
| Pochiraju IPO Date | Jan 15, 2007 to Jan 18, 2007 |
| Pochiraju IPO Face Value | ₹10 per share |
| Pochiraju IPO Price | ₹25 to ₹30 per share |
| Pochiraju IPO Lot Size | 200 Shares |
| Issue Size | 12,534,625 shares of ₹10 (aggregating up to ₹37.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
The Pochiraju IPO lot size is 200 shares. A retail-individual investor can apply for up to 33 lots (6600 shares or ₹198,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 200 | ₹6,000 |
| Maximum | 33 | 6600 | ₹198,000 |
The Pochiraju IPO is subscribed 3.77 times on Jan 18, 2007 5:00:00 PM. The public issue subscribed 6.02 times in the retail category, 1.98 times in the QIB category, and 4.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Friday, February 9, 2007 |
| BSE Script Code | 532803 |
| NSE Symbol | POCHIRAJU |
| Listing In | B1 Group of Securities |
| ISIN | INE332G01032 |
| IPO Price | ₹30 per share |
| Face Value | ₹10 per share |
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Aarthi Consultants Pvt Ltd.
Phone: +91-40-27638111
Email: pochiraju@aarthiconsultants.com
Website: http://www.aarthiconsultants.in/
Pochiraju IPO is a main-board IPO of 12,534,625 equity shares of the face value of ₹10 aggregating up to ₹37.60 Crores. The issue is priced at ₹25 to ₹30 per share. The minimum order quantity is 200 Shares.
The IPO opens on Jan 15, 2007, and closes on Jan 18, 2007.
Aarthi Consultants Pvt Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Pochiraju IPO opens on Jan 15, 2007 and closes on Jan 18, 2007.
Pochiraju IPO lot size is 200 Shares and the minimum order quantity is .
You can apply in Pochiraju 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 Pochiraju IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Pochiraju IPO allotment status.
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