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Pradip Overseas Limited IPO (Pradip Overseas IPO) Detail

March 11, 2010 - March 15, 2010

Pradip Overseas IPO is a book built issue of Rs 116.60 crores.

Pradip Overseas IPO bidding started from March 11, 2010 and ended on March 15, 2010. The shares got listed on BSE, NSE on April 5, 2010.

Pradip Overseas IPO price band is set at ₹100 to ₹110 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹6,600.

Anand Rathi Securities Limited is the book running lead manager of the Pradip Overseas IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Pradip Overseas IPO RHP for detailed information.

Pradip Overseas IPO Details

IPO Date March 11, 2010 to March 15, 2010
Listing Date April 5, 2010
Face Value ₹10 per share
Price Band ₹100 to ₹110 per share
Lot Size 60 Shares
Total Issue Size10,600,000 shares
(aggregating up to ₹116.60 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Pradip Overseas IPO Reservation

Pradip Overseas IPO offers 10,600,000 shares. 5,050,000 (47.64%) to QIB, 1,515,000 (14.29%) to NII, 3,535,000 (33.35%) to RII, 500,000 (4.72%) to employees. 58,916 RIIs will receive minimum 60 shares and (sNII) and (bNII) will receive minimum 1,860 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered5,050,000 (47.64%)NA
NII (HNI) Shares Offered1,515,000 (14.29%)
Retail Shares Offered3,535,000 (33.35%)58,916
Employee Shares Offered500,000 (4.72%)NA
Total Shares Offered10,600,000 (100%)

Pradip Overseas IPO Lot Size

Investors can bid for a minimum of 60 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 60 ₹6,600
Retail (Max) 30 1800 ₹198,000
Lot Size Calculator

About Pradip Overseas Limited

Incorporated in 1980, Pradip Overseas Limited is the textile manufacturer with niche focus on Home Linen Products. Company sale its products in domestic market as well as more than twenty countries around the world.

Company manufacturer and export home textile, home decor and home furnishings. Company's home furnishing range includes table linen, bed spreads, quilts, cushion covers and curtains.

Pradip Overseas is an ISO 9001:2000 certified company. Its existing facility is located at Changodar near Ahmedabad in Gujarat.

Company Financials

ParticularsFor the year/period ended (Rs. in Lacs)
Total Income126,984.45121,009.6469,312.9741,421.45223.45
Profit After Tax (PAT)5,109.564,146.053,824.892,175.0941.47

Objects of the Issue (Pradip Overseas IPO Objectives)

The object of the issue are:

1. To part finance the setting up the Proposed Manufacturing Facility within the Proposed Textile SEZ;
2. To part finance the incremental margin money requirement for working capital;
3. To meet Issue expenses.

Pradip Overseas IPO Subscription Status (Bidding Detail)

The Pradip Overseas IPO is subscribed 14.08 times on March 15, 2010 6:30:00 PM. The public issue subscribed 10.53 times in the retail category, 8.57 times in the QIB category, and 45.35 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Pradip Overseas Limited IPO Grading / Rating

ICRA Limited assigned IPO Grade 2 (indicating below average fundamentals) to Pradip Overseas Limited.

ICRA assigns IPO gradings on a scale of IPO Grade 5 through to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals.

Pradip Overseas IPO Prospectus

Pradip Overseas IPO Rating

Rating:Rated 3.6 stars
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Pradip Overseas IPO Listing Details

Listing Date April 5, 2010
BSE Script Code 533178
ISIN INE495J01015
Final Issue Price ₹110 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Pradip Overseas Limited Contact Details

Pradip Overseas Limited
A/601, Narnarayan Complex,
Near Swastik Cross Roads, Navrangpura,
Ahmedabad - 380 009, Gujarat, India
Phone: +91-79-2643 1594

Pradip Overseas IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Pradip Overseas IPO - Buy or Not

Pradip Overseas IPO Recommendation Summary

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Members 0 0 0

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Pradip Overseas IPO FAQs

Pradip Overseas IPO is a main-board IPO of 10,600,000 equity shares of the face value of ₹10 aggregating up to ₹116.60 Crores. The issue is priced at ₹100 to ₹110 per share. The minimum order quantity is 60 Shares.

The IPO opens on March 11, 2010, and closes on March 15, 2010.

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

The Pradip Overseas IPO opens on March 11, 2010 and closes on March 15, 2010.

Pradip Overseas IPO lot size is 60 Shares, and the minimum amount required is ₹6,600.

You can apply in Pradip Overseas 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

The Pradip Overseas IPO listing date is on April 5, 2010.
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Pradip Overseas IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



290. N Shah |   Link |  Bookmark |June 10, 2010 8:13:05 PM
Pls note that there is no respite for the real investor, once or tiwice price is surged and hence now only operator group short the scrip and will accumulate at 60-65 and than they will lift the price at around 120, double profit for interested group of people,
289. ds |   Link |  Bookmark |May 12, 2010 2:34:37 PM
is there anyone want to see my prediction on this page that is accurate.
288. sagar desai |   Link |  Bookmark |May 4, 2010 10:42:20 AM
pradip will come 128 in one week.It open chalange from inside company employee from changidar plant.
287. ds |   Link |  Bookmark |April 28, 2010 10:40:35 AM
yesterday's pradip movement was fraud due to my short position of 3700 shares today it will reach upto its its real rate of 90 less

286. Ambani |   Link |  Bookmark |April 27, 2010 5:52:59 PM
Look what I told u all that buy buy pradip as much as u can. From 85 to 103 in one go.
285. vijay |   Link |  Bookmark |April 16, 2010 1:51:43 PM
buy kaycee ind (504084)@ 4400 - 4500 short term tgt 6500
284. Ambani |   Link |  Bookmark |April 15, 2010 7:57:25 PM
Buy Buy Buy Pradip as much as u can
283. Ravi, Bangalore |   Link |  Bookmark |April 13, 2010 5:07:48 PM
Pradip 90- Target 78.25, 66.25 or even below 44.

As long as it does not close above 101.4, it will witness selling pressure.

Need to check fundamentals also in addition to this analysis.
282. Rajesh singla |   Link |  Bookmark |April 13, 2010 3:03:49 PM
Just as an added info, pls never panic to exit a position specially if u r not heavily invested in it after reading anyone views whomsoever it may be..:)
Happy Investing
281. Raju |   Link |  Bookmark |April 13, 2010 12:15:21 PM
U r great..Abhi bata, why demand is less than supply??
280. Chumma |   Link |  Bookmark |April 13, 2010 12:08:36 PM
Hi 279
why this stock go down? the answer is : Demand is less than supply.
279. NARENDRA KARSANDAS BHERSAMWALA |   Link |  Bookmark |April 12, 2010 12:55:57 PM
278. sanjay jain |   Link |  Bookmark |April 11, 2010 10:07:27 AM
iska satta ahmdabad ka hai.public kp topi pehna kar chidiya ho jayegi furrrrrrrrrrrrrrrrrrrrrrrrr.beecho so nihalllllllll.pradip.ganesh,goenka jaise share publc ka paisa loot kar furrrrrrrr ho jate hai. kuch samay bad delist hi hone wale hai. PAHLE BHI NA JANE KITNI COMP. GAYAB HO GAYI JINKA AAJ TAK AATA PATA NAHI HAI.
277. Ajayshare |   Link |  Bookmark |April 10, 2010 6:45:55 PM
Ans. to 274/Amit : unitech going down because this is the weakest share in the property market and interest will go up any day in next 15 days. If any one want to buy property share then buy Orbit trading at 292/- or HDIL 302/-.
276. Ajayshare |   Link |  Bookmark |April 10, 2010 6:41:24 PM

Ans. to 274/Amit : unitech going down because this is the weakest share in the property market and interest will go up any day in next 15 days. If any one want to buy property share then buy Orbit or HDIL trading at 292/-.
275. Ambani |   Link |  Bookmark |April 10, 2010 6:30:21 AM
Pradip overseas Ltd Mon to Friday buy as much as you can.
274. Bhavin |   Link |  Bookmark |April 9, 2010 7:20:32 PM
I have never seen an IPO getting oversubscribed 40 times & then trading so badly, that too below the issue price.

Guys its time to raise our bar & avaoid such IPOs so that the promoters understand that investors are not fools.

Am sure the promoters would have partied throughout the nite on the listing date with our hard earned money.
273. amit |   Link |  Bookmark |April 9, 2010 2:02:34 PM
can any one tell me why unitech is falling any news on the script
272. Pol Khol |   Link |  Bookmark |April 9, 2010 11:18:01 AM
@ 268. TR

Bechara TR baukhla gaya hai .... hota hai ... sapne dekh raha hai ki Pradip will bounce ... beta soo jaa aur sapne dekh ... aur bhokna band kar.

BTW - i have no shares of such nonsense company...this is for stupid ppl like TR (poor chap)
271. annu |   Link |  Bookmark |April 8, 2010 4:55:22 PM
yeh Farzi log hai jo invester ko lootnai ayi hai!

Please escape with them.

Today, I sold one lot of Pradeep share@ 103 and booked loss Rs.7 per share.