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Shree Pushkar Chemicals and Fertilisers Ltd IPO (Shree Pushkar Chemicals IPO) Detail

August 25, 2015 - August 27, 2015

Shree Pushkar Chemicals IPO is a book built issue of Rs 70.00 crores.

Shree Pushkar Chemicals IPO bidding started from August 25, 2015 and ended on August 27, 2015. The shares got listed on BSE, NSE on September 10, 2015.

Shree Pushkar Chemicals IPO price band is set at ₹61 to ₹65 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹13,000.

Keynote Financial Services Ltd is the book running lead manager of the Shree Pushkar Chemicals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Shree Pushkar Chemicals IPO RHP for detailed information.

Shree Pushkar Chemicals IPO Details

IPO Date August 25, 2015 to August 27, 2015
Listing Date September 10, 2015
Face Value ₹10 per share
Price Band ₹61 to ₹65 per share
Lot Size 200 Shares
Total Issue Size10,769,200 shares
(aggregating up to ₹70.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Shree Pushkar Chemicals IPO Reservation

Shree Pushkar Chemicals IPO offers 11,475,410 shares. 5,737,705 (50.00%) to QIB, 1,721,311 (15.00%) to NII, 4,016,394 (35.00%) to RII. 20,081 RIIs will receive minimum 200 shares and (sNII) and (bNII) will receive minimum 3,200 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered5,737,705 (50.00%)NA
NII (HNI) Shares Offered1,721,311 (15.00%)
Retail Shares Offered4,016,394 (35.00%)20,081
Total Shares Offered11,475,410 (100%)

Shree Pushkar Chemicals IPO Lot Size

Investors can bid for a minimum of 200 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) 1 200 ₹13,000
Retail (Max) 15 3000 ₹195,000
Lot Size Calculator

About Shree Pushkar Chemicals and Fertilisers Ltd

Incorporated in 1993, Shree Pushkar Chemicals & Fertilisers Limited is Mumbai India based manufacturer of widest range of dye intermediates in India with zero waste. Company has a manufacturing facilities located at Lote Parshuram, Maharashtra.

Company is also amongst India's large manufacturers of K-Acid, a dye intermediate used to manufacture Reactive Dyes for dying of textiles, with an installed capacity of 960 MTPA as on March 31, 2015.

Company manufacture products in 4 major verticals:
1. Dye Intermediates,
2. Acid Complex (comprising sulphuric and its derivative acids),
3. Cattle Feed Supplement and
4. Fertilizers (Single Super Phosphate & Soil Conditioner).

As on Aug 10th 2015, company's Promoter and Promoter Group hold 87.96% while the balance 11.72% is held by IFCI Venture Capital Fund (IEDF). Company have a total workforce of 529 including 10 senior executives, 26 managerial and supervisory staff, 66 office staff, 125 skilled and unskilled workers, 54 contract labourers and 248 casual labourers.

Objects of the Issue (Shree Pushkar Chemicals IPO Objectives)

The Issue comprises a Fresh Issue and an Offer for Sale.

Objects of the Offer for Sale

The funds from the Offer for Sale shall be received by the Selling Shareholder and the Company shall not receive any proceeds from the Offer for Sale.

Objects of the Fresh Issue

We intend to utilize the Issue Proceeds for the following objects:
1. Acquisition of an existing factory within MIDC Industrial Area Lote-Parshuram bearing no. B-97
2. Setting up of facilities at B-97 for manufacture of:
i. Reactive Dyes with a capacity of 3,000 TPA
ii. H-Acid with a capacity of 750 TPA
iii. Vinyl Sulphone (VS) Ester with a capacity of 1,000 TPA
3. Setting up of additional effluent treatment plant at the existing facility (Unit I) to make the unit a 'Zero Discharge' unit.
4. Construction of additional Godown(s) at the existing facility (Unit II) for meeting the additional storage requirements for finished goods.
5. General corporate purposes; and
6. To meet the preliminary & pre-operative and Issue expenses.

Shree Pushkar Chemicals IPO Review (Avoid)

[Dilip Davda]  

As this IPO below is Rs. 250 crore, it will attract "T" tag for the initial listing period that will keep short term investors away from it. However, it appears to be a safe long term bet and investors may consider investment.

Read detail review...

Shree Pushkar Chemicals IPO Subscription Status (Bidding Detail)

The Shree Pushkar Chemicals IPO is subscribed 1.34 times on August 27, 2015 7:00:00 PM. The public issue subscribed 1.54 times in the retail category, 0.97 times in the QIB category, and 2.09 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Shree Pushkar Chemicals IPO Prospectus

Shree Pushkar Chemicals IPO Rating

Rating:Rated 4.0 stars
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Shree Pushkar Chemicals IPO Listing Details

Listing Date September 10, 2015
BSE Script Code 539334
ISIN INE712K01011
Final Issue Price ₹65 per share

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

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Shree Pushkar Chemicals and Fertilisers Ltd Contact Details

Shree Pushkar Chemicals and Fertilisers Ltd
202, A Wing, Building No. 3,
Rahul Mittal Industrial Estate, Sir M.V. Road,
Andheri (East), Mumbai � 400 059, Maharashtra
Phone: +91 22 4270 2525

Shree Pushkar Chemicals IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Shree Pushkar Chemicals IPO - Buy or Not

Shree Pushkar Chemicals IPO Recommendation Summary

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Shree Pushkar Chemicals IPO FAQs

Shree Pushkar Chemicals IPO is a main-board IPO of 10,769,200 equity shares of the face value of ₹10 aggregating up to ₹70.00 Crores. The issue is priced at ₹61 to ₹65 per share. The minimum order quantity is 200 Shares.

The IPO opens on August 25, 2015, and closes on August 27, 2015.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Shree Pushkar Chemicals IPO opens on August 25, 2015 and closes on August 27, 2015.

Shree Pushkar Chemicals IPO lot size is 200 Shares, and the minimum amount required is ₹13,000.

You can apply in Shree Pushkar Chemicals 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 Shree Pushkar Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shree Pushkar Chemicals IPO allotment status.

The Shree Pushkar Chemicals IPO listing date is on September 10, 2015.
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Shree Pushkar Chemicals IPO Message Board

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251. Septa |   Link |  Bookmark |February 7, 2016 8:55:15 PM (4000+ Posts, 4600+ Likes)
Shree Pushkar Chemicals launches mixed fertiliser brand in Maharashtra

Shree Pushkar Chemicals & Fertilisers Limited (SPCF), an integrated player in the manufacture of dyes and dye intermediates, has launched new mixed fertiliser in Maharashtra. The company has received a license for manufacture of mixed fertiliser - nitrogen, phosphorus, and potassium (NPK) - in Maharashtra. The mixed fertiliser, branded as Shriram Urja Mix, has been launched under a marketing tie-up with DCM Shriram.

Shree Pushkar Chemicals had commenced commercial operations of a new product under the fertiliser division - mixed fertiliser (NPK) on January 22, 2016 in its existing soil conditioner granulation plant in Lote Parshuram (Maharashtra) with a nominal capacity of 20,000 tonnes per annum.

ALSO READ: Shree Pushkar Chemicals to forward integrate into dyes manufacturing

Over the years, Shree Pushkar Chemicals & Fertilisers, an integrated player in the dye intermediates, has developed a comprehensive business model to utilise all its effluents with expansion into acid complex, cattle feed supplements and fertilisers. SPCF today is one of the few zero waste chemical companies in India.

Shree Pushkar, which completed its IPO process in September 2015 and is currently listed in BSE and NSE, is currently undertaking forward integration of the business into dyestuff and expansion of the dye intermediates division to cater to the new dyestuff plant.

For fertilisers and cattle feed divisions, SPCF has marketing tie ups with DCM Shriram and Shivam Chemicals.
250. pokemon |   Link |  Bookmark |December 16, 2015 2:50:01 PM
What is the buzz in Shree pushkar chemicals???
Today price touched119.....
249. Roy |   Link |  Bookmark |December 3, 2015 11:36:10 PM
Dear Septa,

Shree Pushkar Chemicals & Fertilisers Ltd is trading @103. Now what should be the strategy ? Should we keep or we need to sell it?
248. gala |   Link |  Bookmark |November 16, 2015 9:26:43 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
247. dipak |   Link |  Bookmark |November 6, 2015 7:17:39 PM
Can any one. Of u let me know whether shree pushkar chemical and fertilizer. Is out with its QUARTERLY results.??
247.3. Septa |   Link |  Bookmark |November 7, 2015 9:40:37 AM (4000+ Posts, 4600+ Likes)
market normally take view short term to determine the price so my gut feeling is that price will come down however ICRA rating which endorse healthy and clean balance sheet. Also HUNTMAN as your customer is big feather which will have big impact on top line and bottom line.... so answer is that for diwali SP share price will come down.
247.4. Septa |   Link |  Bookmark |November 7, 2015 10:11:12 AM (4000+ Posts, 4600+ Likes)
just another point looking at numbers margin have increased big time given input cost reduction however toppling has missed maybe unit sale has increased but price pressure has result in lower top line. even with price pressure GP margin has grown 30% YOY but would have have loved the NP grown.... based on this EPS of 8 approx so at 10 PE price of 80 with additional capacity and new big customer and lower financial cost next few quarters will impact earning big time.... what important is return of capital is high with additional production line IMO will see good result next quarter and quarter to come
246. Septa |   Link |  Bookmark |October 29, 2015 9:30:41 AM (4000+ Posts, 4600+ Likes)
Shree Pushkar Chemicals& Fertilisers to hold board meeting
Shree Pushkar Chemicals& Fertilisers will hold a meeting of the Board of Directors of the Company on 6 November 2015, to consider, approve and take on record the unaudited financial results of the Company for the quarter and half year ended 30 September 2015.Powered by Capital Market - If they have a bumper result then we can expect Share heading north
246.1. gala |   Link |  Bookmark |November 14, 2015 8:23:05 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Septa sir Do you think it''s a great time to enter into this stock for long term as this stock is falling.... Should we buy more?
245. atul k |   Link |  Bookmark |October 14, 2015 12:05:18 PM
When are the quarter results for company?
244. gala |   Link |  Bookmark |October 10, 2015 6:07:08 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
septa sir... shree Pushkar must be kept for long term or must be sold?
244.1. Septa |   Link |  Bookmark |October 13, 2015 3:27:45 PM (4000+ Posts, 4600+ Likes)
I am not selling infact brought it from secondary market.... Anyway u can go forward and put a stop loss or part sell.... At present the MC is around 229 crores. With health ROC of 20% so making 40 crores free cash flow for 229 crores MC. To start with IMO if grow 20% debt free 4 vertical business MC could be 1000 crores in few years time if growth is achieved so share could be Rs 300 in three years....
243. Septa |   Link |  Bookmark |October 9, 2015 6:57:25 PM (4000+ Posts, 4600+ Likes)

Shree Pushkar Chemicals – M.B. Agarwal and H.D Agarwal have netted a little over 0.15 Cr. though this transaction alone. They had amassed over 6 lakh shares at an avg. price of 63.47 on 10/11-Sep and now have sold 2.65 lakh shares at a price of 69.18.
242. Septa |   Link |  Bookmark |October 9, 2015 10:55:58 AM (4000+ Posts, 4600+ Likes)
Big up move today
241. Septa |   Link |  Bookmark |September 25, 2015 8:33:32 PM (4000+ Posts, 4600+ Likes)
Just read the r d herring again 2010 investment by PE is in holding company so it included the total business
240. Septa |   Link |  Bookmark |September 25, 2015 8:30:25 PM (4000+ Posts, 4600+ Likes)
The other issue which hitting in October is indigo airline if the price band is which pinkyjain as referring then we should apply
239. Septa |   Link |  Bookmark |September 25, 2015 8:28:25 PM (4000+ Posts, 4600+ Likes)
Two issue hitting October which IMO will be good coffee day offer the issue at the same price as it offered in last round of equity stake the price band will be decided in the next few days. They are looking at a valuation of around Rs.6,200 crore,

CDEL was valued at Rs.6,200 crore based on a pre-IPO round of funding in March. If this is price it comes out then it a no brainier just apply if it more then March round on finance then it not fair and promotors r not retail investors friendly give last round of finance was just done 6 months back

According to documents available with the registrar of companies (RoC), CDEL raised Rs.100 crore from five investors, including Infosys Ltd co-founder Nandan Nilekani, investor Rakesh Jhunjhunwala’s Rare Enterprises and stock broker Ramesh Damani. Which gives some confidence this put the valuation of CDEL at 6200 around one billion

In 2010 Private equity firms KKR India Advisors, New Silk Route PE Asia and Standard Chartered Private Equity invested $149.07 million in the holding company in February 2010 the Red herring put the stake at approx 3.5% however I am not sure if these PE have give more share or option however this valuation put CDEL at 4 billion I think this includes also the 20000 acres of coffee estate and the coffee shop ....

Also the news is that Anchor investor is interested in this issue big time nearly 7 times the normal quote which is big but then again there is to much grey
If they come with same price as the March round of finance to two big brokers and NN then we should all apply

238. Septa |   Link |  Bookmark |September 25, 2015 8:02:47 PM (4000+ Posts, 4600+ Likes)
From 28th September the circuit moves from 5% to 20% .
237. EBERAJU |   Link |  Bookmark |September 25, 2015 6:54:11 PM
please hold Ur investment.
You Will get good returns in future with this.
Its a multi bagger stock.
237.1. Septa |   Link |  Bookmark |September 27, 2015 11:34:55 AM (4000+ Posts, 4600+ Likes)
I do not if multi bagger but what I know is this company has four vertical each benefits each. And eps of 9 and growing at 15% YOY the most important the ipo money will be invested to grow the business mans fold. Also if you look at ROC is around 40 car for a 200 MC company which is 20% FD will give only 8% just on present fundamental at conservative PE of 15 the price of share should be Rs 145. If this management give good quarterly result the share price will fly. Present price does discount it presents income if growth is achieved then 200 cr MC will certainly multiple many time I have brought more
236. Sunil K |   Link |  Bookmark |September 24, 2015 11:57:14 PM
Hi frnds,
Wat is the best price sell.....
236.1. monty khandelwal |   Link |  Bookmark |September 25, 2015 1:59:49 PM
What is time horizon.....long term more than a year....don''t worry.....short term.....u can book whenever u want.....may be it''s out t2t on u can book then
235. Bullishbear |   Link |  Bookmark |September 23, 2015 9:34:24 PM
Pushkar mein rebound achcha aaya hai. Lekin Pennar flop ho gaya.

234. BullsEye . |   Link |  Bookmark |September 23, 2015 9:03:45 PM
Good going Pushkar...
More to come...
233. koolkaptain |   Link |  Bookmark |September 23, 2015 12:19:29 PM
First-time profit for IPO winners! Rs 67.35 at 12:20pm.
232. pokemon |   Link |  Bookmark |September 22, 2015 12:14:41 PM
circuit hit in shree pushkar chemicals today